Accurate Valuations Group
Office: 225.293.1500
Fax: 1-866-663-6065
AVG Staff Email
AVG Website
AVG YouTube Channel
AVG On Facebook
AVG On Twitter
Archive for January 2010
Baton Rouge Residential Real Estate News Update 1 26 2010
01/27/2010 | 
Author 
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Residential Real Estate News Update Video As Of 1/26/2010
Baton Rouge Residential News Highlights From The Baton Rouge Business Report’s “Real Estate Weekly”. Subscribe to the Real Estate Weekly Email here!
Posted in Baton Rouge Economic News, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | 
Tags: Baton Rouge, Business Report, Business Weekly, Email, News Update, News Video, Real Estate News, Real News, Real Video, Residential News, Residential Real Estate, Residential Real Estate News, S Real Estate | 
No Comments »
Recommended Reading For Baton Rouge Mortgage Lenders and Realtors On “Low Appraisals”
http://www.batonrougerealestateappraisal.com/ - Recommended Reading For Baton Rouge Mortgage Lenders and Realtors On “Low Appraisals”. Article counters ‘Appraier Hit Pieces’ In Media: Patrick Egger “Closing The Gap Between Sales Price And Appraised Value” Article.
From Washington Appraiser, Dave Towne:
“Appraisers……
Over the past couple of months, ‘negative press’ hit pieces have been circulating in major media and blogs about how ‘appraisers have caused a disruption in property sales’, erroneously attributed to the HVCC, since the economy went into the tank in 2008 and early 2009.
The attached 4 page PDF is an article written by Patrick Egger, Cert. Gen’l appraiser and appraiser educator from Las Vegas, which discusses why competent appraisers make decisions ‘we’ do regarding establishing an opinion of market value. I have met Patrick, and have taken a class from him.
Patrick has given me permission to distribute this article, and has told me you may distribute it to anyone you choose. Your mortgage lenders and real estate sales people buddies might like to see this so that they get a better understanding of what you do in analyzing market area sales used in your reports.
Be sure to save the PDF, and print it for your own review.
Dave Towne, Appraiser Education Service“
NOTE: To Download Patrick Egger’s Article, Click Here!
Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009
Housing Market Direction: Up or Down For Homes In The 1950sf to 2400sf, Ages 11-40 Yrs Old, Area 42, Price Range $130,000 to $225,000?
Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -2.4% based on 78 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1950sf to 2400sf, Ages 11-40 years old, MLS Area 42. 78 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).
REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 7.14%. However, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto
http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.
For Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge FHA News, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate Agents | Tags: Activerain, Area 42, Association Of Realtors, Barometer, Baton Rouge Louisiana, Bill Cobb, Gbrar, Greater Baton Rouge, Home Appraisal, Housing Market, Landmines, Market Declines, Market Direction, Median Sale Price, Mls Data, Mls System, National Association Of Realtors, Search Parameters, Sheriff Sales, Solds | No Comments »
Prairieville Louisiana FHA Appraisers Report: Housing Market Declines Some in 2009
http://www.ascensionrealestateappraisers.com/ – Prairieville Louisiana FHA Appraisers Report: Housing Market Declines Some In 2009
Housing Market Direction: Up or Down For Homes In The 1250sf to 1600sf, Ages 4-15 Yrs Old, Area 90?
Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -5.23% based on 143 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1250sf to 1600sf, Ages 4-15 years old, MLS Area 90. 143 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).
REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 4%. However, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto
http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.
For Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Activerain, Appraisers, Association Of Realtors, Barometer, Bill Cobb, Fha, Gbrar, Greater Baton Rouge, Home Appraisal, Housing Market, Landmines, Market Direction, Median Sale Price, Mls Data, Mls System, National Association Of Realtors, Prairieville Louisiana, Search Parameters, Sheriff Sales, Solds | No Comments »
Baton Rouge Real Estate Report: Shenandoah Estates Subdivision
http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Real Estate Report: Shenandoah Estates Subdivision
Housing Market Direction: Up or Down?
Solds In Shenandoah Estates from 1/2007 to 12/2007 revealed:
Average Sales Price: $193,628
Average Sold Price Per Sq. Ft.: $93.62/sf
Median Sold Price: $190,000
Average Days On Market: 81
Number Of Sales: 91
Solds In Shenandoah Estates from 1/2008 to 12/2008 revealed:
Average Sales Price: $200,524
Average Sold Price Per Sq. Ft.: $89.68/sf
Median Sold Price: $205,000
Average Days On Market: 89
Number Of Sales: 68
Solds In Shenandoah Estates from 1/2009 to 12/2009 revealed:
Average Sales Price: $196,030
Average Sold Price Per Sq. Ft.: $89.48/sf
Median Sold Price: $196,500
Average Days On Market: 106
Number Of Sales: 62
Therefore, based on the “median sale price barometer” within Shenandoah Estates, the barometer used by the National Association of Realtors, the market direction increased from 2007 to 2008 but declined from 2008 into 2009. However, the 2009 median sales price at $196,500 is still higher than the 2007 $190,000. The gap between the high and low median sales prices was $15,000. The Aveage Sold Price Per Sq. Ft. only varied $4.14/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit
Posted in Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Estate Appraisers Baton Rouge, Estate Appraisers Greater Baton Rouge, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Accurate Valuations, Appraisers, Association Of Realtors, Barometer, Baton Rouge Real Estate News, Fha, Gap, Greater Baton Rouge, Home Apprasial, Housing Market, Market Direction, Median Sale Price, Median Sales Price, Median Sales Prices, National Association Of Realtors, Real Estates, Shenandoah, Shenandoah Estates, Solds | No Comments »
FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817
http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817
Housing Market Direction: Up or Down?
Solds In Shenandoah Estates from 1/2007 to 12/2007 revealed:
Average Sales Price: $193,628
Average Sold Price Per Sq. Ft.: $93.62/sf
Median Sold Price: $190,000
Average Days On Market: 81
Number Of Sales: 91
Solds In Shenandoah Estates from 1/2008 to 12/2008 revealed:
Average Sales Price: $200,524
Average Sold Price Per Sq. Ft.: $89.68/sf
Median Sold Price: $205,000
Average Days On Market: 89
Number Of Sales: 68
Solds In Shenandoah Estates from 1/2009 to 12/2009 revealed:
Average Sales Price: $196,030
Average Sold Price Per Sq. Ft.: $89.48/sf
Median Sold Price: $196,500
Average Days On Market: 106
Number Of Sales: 62
Therefore, based on the “median sale price barometer” within Shenandoah Estates, the barometer used by the National Association of Realtors, the market direction increased from 2007 to 2008 but declined from 2008 into 2009. However, the 2009 median sales price at $196,500 is still higher than the 2007 $190,000. The gap between the high and low median sales prices was $15,000. The Aveage Sold Price Per Sq. Ft. only varied $4.14/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit http://www.accuratevg.com/
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Real Estate Baton Rouge | Tags: Accurate Valuations, Appraisers, Association Of Realtors, Barometer, Fha, Gap, Greater Baton Rouge, Home Apprasial, Housing Market, Market Direction, Median Sale Price, Median Sales Price, Median Sales Prices, National Association Of Realtors, Shenandoah, Shenandoah Estates, Solds | No Comments »
Baton Rouge Real Estate Appraiser’s Report: Riverbend Subdivision 70820
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate Appraiser’s Report: Riverbend Subdivision 70820
Market Direction: Up or Down?
Solds In Riverbend Subdivision from 1/2007 to 12/2007 revealed:
Average Sales Price: $340,142
Average Sold Price Per Sq. Ft.: $121.89/sf
Median Sold Price: $345,000
Average Days On Market: 68
Number Of Sales: 18
Solds In Riverbend Subdivision from 1/2008 to 12/2008 revealed:
Average Sales Price: $325,374
Average Sold Price Per Sq. Ft.: $121.21/sf
Median Sold Price: $317,400
Average Days On Market: 69
Number Of Sales: 18
Solds In Riverbend Subdivision from 1/2009 to 12/2009 revealed:
Average Sales Price: $333,587
Average Sold Price Per Sq. Ft.: $120.44/sf
Median Sold Price: $330,000
Average Days On Market: 91
Number Of Sales: 13
Therefore, based on the median sale price barometer within Riverbend, the market direction declined from 2007 to 2008 but increased from 2008 into 2009. The gap between the high and low median sales prices was $27,600. However the Aveage Sold Price Per Sq. Ft. only varied $1.45/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit http://www.accuratevg.com/
Posted in Baton Rouge Economic News, Baton Rouge FHA Appraisers, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Accurate Valuations, Barometer, Baton Rouge Real Estate News, Gap, Greater Baton Rouge, Home Apprasial, Market Direction, Median Sale Price, Median Sales Prices, Nbsp, Real Estate Appraiser, Riverbend, Solds | 1 Comment »
Baton Rouge Business Report: 10 Most Expensive Home Sales Of 2009
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Business Report: 10 Most Expensive Home Sales Of 2009
The January 12-25, 2010 edition of the Baton Rouge Business Report arrived yesterday with an interesting article on the Top 10 Most Expensive Home Sales of 2009. The summary of the article was posted yesterday on the “Daily Report AM” email and reads as follows below. Click the “here” to read the entire article.
“The Baton Rouge housing market may be doing better than its counterparts in much of the country, but sales in the high-end segment were pretty dismal in 2009. There were half as many homes that sold in the $1 million and up range, compared with 2008. Read about the local market for high-priced houses — and about the area’s biggest business deals of 2009 — in the Business Report cover story here. Send comments to editors@businessreport.com.”
Here are some of the homes mentioned. The photo gallery of all 10 homes located at the bottom of the article.
Posted in Baton Rouge Economic News, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Baton Rouge Realtors, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Real Estate Baton Rouge | 1 Comment »
Greater Baton Rouge Renters Market With Higher Vacancy Rates
http://www.batonrougerealestateappraisal.com/ - Greater Baton Rouge Renters Market With Higher Vacancy Rates
WAFB News is reporting on the local glut of available appartments in the Baton Rouge market here! Here are a couple of snippets from the article:
“There’s no shortage of supply when it comes to rental space in and around Baton Rouge. In fact, since Hurricane Katrina, real estate appraiser and researcher Wesley Moore says the area built more than they could fill.
“We’re a market that typically absorbs 600 to 700 units per year and we built 4,500 in a relatively short stretch. We are not trying to absorb those units,” said Moore.
As a result, he says now is a bad time for apartment owners but prime time for renters.”
“He says the root of the rapid rate change partly comes from the country’s new “first time homeowners tax credit.” It helps people who would otherwise rent, with an $8,000 incentive.
“That’s had an adverse affect on apartments and without that, I don’t think we’d necessarily be having that discussion,” said Moore.
As with supply and demand, Moore expects this rental wave to pass somewhat soon, as the tax credits fade and mortgage rates rise.”
Tags: baton rouge, Baton Rouge Estate Appraisers, baton rouge real estate, baton rouge real estate agents, baton rouge real estate appraisers, baton rouge realtors, Denham Springs, Denham Springs Real Estate
Posted in Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge FHA News, Baton Rouge Homes, Baton Rouge Realtors, Greater Baton Rouge Real Estate News | Tags: Appartments, Bad Time, Baton Rouge Real Estate News, Denham Springs Real Estate, First Time Homeowners, Glut, Greater Baton Rouge, Hurricane Katrina, Mortgage Rates Rise, Prime Time, Rapid Rate, Real Estate Agents, Real Estate Appraiser, Real Estate Appraisers, Rental Space, Snippets | 1 Comment »
Video: Another Day, Another Greater Baton Rouge Homeowner Loses Equity
http://www.batonrougerealestateappraisal.com/ – Video: Another Day, Another Greater Baton Rouge Homeowner Loses Equity
Posted in Agents In Baton Rouge, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Home, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Baton Rouge Realtors, Estate Appraisers Baton Rouge, Greater Baton Rouge Subdivision Video Tours | 1 Comment »