Baton Rouge Foreclosure Home Price Discount 2018 This is a study of non-flooded REO or foreclosure sale within GBRAR REALTORS/MLS, comparing the discounted sales prices to the median sales price within each subdivision listed. An example is the sale listed in Highland Creek for only $98,300 versus the median sales price within of $165,000, resulting in a 40% discount. The lowest difference was 0 percent, highest 48 percent and median discount 27 percent. This difference in discounted sales price could be condition only or condition plus the normal REO or foreclosure stigma applied. Generally in East Baton Rouge, when a foreclosure sells, it does sell for a significant discount, even if it's in average move in condition. Again, I did eliminate subdivisions severely damaged in the August 2016 Great Flood. NOTE: For the Lac D'or University Club Plantation REO sale, I used the median sales price within the Rue D'Orleans section of $421,450 vs the $642,500 in University Club as a whole. Data Source: GBRAR MLS. 1/1/2018 to 2/6/2019

1. REO FORECLOSURE SALES DISCOUNT IN EAST BATON ROUGE 2018
ADDRESS SUBDIVISION
MEDIAN
SALES
PRICE
SOLD PRICE
GLEN OAKS Forest Heights $80,000 $68,000 -15%
RUTGERS Eastgate $87,750 $70,000 -20%
WAVERLAND Harrington Place $153,125 $75,000 -51%
KIMBERLY WAY Longwood $129,900 $76,600 -41%
FLATSWAY Mayfair Park $145,445 $78,750 -46%
JOYCE Oakcrest $124,900 $79,500 -36%
GENERAL TAYLOR Hermitage $117,500 $80,000 -32%
FRANWOOD Goodwood Homesites $150,000 $85,000 -43%
FERNWOOD Goodwood Homesites $150,000 $86,000 -43%
MOLLYLEA Broadmoor $172,450 $90,000 -48%
FRANCES HARRIET Broadmoor $172,450 $90,169 -48%
HARRY Goodwood Homesites $150,000 $95,000 -37%
KILT PLACE Highland Creek $165,000 $98,300 -40%
SAVANNA VIEW Mayfair $145,445 $98,375 -32%
QUEENSWOOD Goodwood Homesites $150,000 $105,000 -30%
MEADOWOOD Broadmoor $172,450 $110,000 -36%
OVERWOOD Biltmore $180,000 $125,000 -31%
HIGH POINT South Highlands $137,500 $125,100 -9%
LANDWOOD Goodwood Homesites $150,000 $126,000 -16%
GOODWOOD Broadmoor $172,450 $127,500 -26%
BELLARBOR Bellfontaine $137,000 $137,000 0%
EXCALIBUR Camelot $209,700 $143,450 -32%
STONEWALL Shenandoah Estates $216,000 $148,700 -31%
MISTY VALE Greenbriar Hollow $214,500 $149,380 -30%
S FAIRVIEW Fairwood Estates $175,000 $157,000 -14%
SPRINGPARK Springlake At Bluebonnet $255,000 $185,000 -27%
BANYANWOOD Wedgewood $184,500 $186,000 1%
RIVER BIRCH Amber Lakes $210,000 $194,500 -7%
DAMON Lake Forest Park $182,500 $199,900 10%
VALLEY FORGE Concord Estates $229,250 $223,500 -3%
KLEINERT Marwede Place $254,000 $225,900 -11%
PEEBLES East Jefferson Place $230,000 $231,750 0%
LAKE LABERGE Lake Sherwood Acres $325,000 $275,000 -15%
DEER PARK White Oak Landing $400,000 $340,000 -15%
LAC D'OR University Club Plant. $421,450 $355,000 -16%
KIMBLETON Kimbleton Estate $450,000 $400,000 -11%
ARCADIAN SHORES Santa Maria $530,000 $405,340 -24%
HIGHLAND RD University Estates $580,000 $504,000 -13%
REO sales prices as compared to median sales
MEDIAN
DISCOUNT -27%
price in each subdivision. Study 1/1/2018 to 2/6/2019 GBRAR MLS data