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Baton Rouge Home Appraisers Provide January 2012 Market Report

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Home Appraisers Provide January 2012 Market Report  

In this Baton Rouge Housing updating, January 22-28, 2012 are reported for the eight (8) parish MSA including East Baton Rouge, Ascension, Livingston and West Baton with  Iberville, East and West Feliciana and Pointe Coupee combined as “ALL”. 

 

Other Greater Baton Rouge Housing Statistics January 22-28:

LISTINGS:

Total Current Listings: 5,035

Foreclosure Listings: 490 or 10% of total listings

3rd Party Active Listings: 330 or 7% of total listings

Short Sale Active or Potential SS Listings: 250 or 5% of total listings

SOLDS From 01/22/2012 – 01/28/2012:

Total Number of Solds: 65

Foreclosures Sold: 14 or 22% of Solds

3rd Party Solds: 8 or 12% of total solds

Short Sales Solds: 8 or 12% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 30 or 46% of all solds

Low To High Sales Prices: $16,000 to $475,000

New Home Sales: 18 or 28% of all sales

East Baton Rouge MLS Area with most home sales: 43 with 9 sales

CUMULATIVE TOTALS FOR 2012Total Number of Sales: 290

ASCENSION: 65
EAST BATON ROUGE: 149
EAST FELICIANA: 0
LIVINGSTON: 59
IBERVILLE: 2
POINTE COUPEE: 8
WEST BATON ROUGE: 6
WEST FELICIANA: 1

Foreclosures Sold: 69 or 24% of Solds

3rd Party Solds: 33 or 11% of total solds

Short Sales Solds: 47 or 16% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 149 or 51% of all solds

 

AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $192,043

ASCENSION: $190,747
LIVINGSTON: $144,439
OTHER: $158,993

MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $158,500

ASCENSION: $166,450
LIVINGSTON: $138,900
OTHER: $159,900

AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 116

ASCENSION: 105
LIVINGSTON: 133
OTHER: 157

LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%

ASCENSION: 99%
LIVINGSTON: 97%
OTHER: 92%

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Important Video: Foreclosure Mythbusting by John C. Jones

 

 

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OTHER NATIONAL AND LOCAL HOUSING NEWS:

December Existing-Home Sales Show Uptrend

Investors With Cash Place Downward Pressure on Home Prices

Rise In Home Sales Signifies Strengthening Market: Economists

Weak December ends poor year for U.S. home building

Housing Crisis to End in 2012 as Banks Loosen Credit Standards  

Absorption rates to improve across all property types in 2012

New mortgage originations drop 30% in November, loan delinquencies decline

December plunge leaves East Baton Rouge building permits down 3.5% in 2011

Report says B.R. housing is ‘moderately unaffordable’

 Business Report Releases Baton Rouge’s 10 most expensive home sales of 2011

Juban Crossing Developer: Site work continues; deals with retailers in the works

Ascension Parish Real Estate Market Stats for December 2011

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NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/28/2012.  This information was extracted on 01/29/2012.  Excludes Manufactured Housing.

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