Is There A Greater Baton Rouge Home Appraisal Question I Can Help Answer? E mail asktheappraiser at g mail

Baker Louisiana FHA Appraisers: 2010 Housing Market Observations

http://www.fhaappraisersbatonrouge.com/ – Baker Louisiana FHA Appraisers: 2010 Housing Market Observations

There’s some good news for the Baker housing market! A segment of the Baker market is now increasing in median sales price from the March 2009 period, see charting below. The parameters of the GBRAR MLS search included homes from $70,000 to $135,000, 16 years old plus, 3 bedrooms in 70714 zip code – data extracted on April 14, 2010.

Why I stated “some good news”. For the home I appraising at approximately 1,300sf, there were 33 competing listings, indicating an oversupplied market. And, since April of 2008, previous 2 years, 20% of solds in MLS were REOs or foreclosures (20 REOs out of a total 102 comparable sales). Baker was one of the markets that investors took advantage of immediately after Hurricane Katrina buying low and selling very high. This resulted in a series of foreclosures within the Baker market dating back to 2007.

 

baker louisiana real estate trends

 

Tags: , , , , ,

Related Posts Plugin for WordPress, Blogger...
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Previous Post

Baton Rouge Real Estate

Next Post

Livingston Parish Sees Higher Priced Homes Decline In Sales Volume and Pricing

Leave a Reply

© 2007-2017 Baton Rouge Real Estate Appraisal Bill Cobb Greater Baton Rouge's Home Appraiser 225-293-1500 All Rights Reserved