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Baton Rouge Economic News
Baton Rouge Home Appraisers Provide January 2012 Market Report
01/31/2012 | 
Author 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%
_____________________________________________________________________
Important Video: Foreclosure Mythbusting by John C. Jones
_____________________________________________________________________
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
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
_____________________________________________________________________
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.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate | 
Tags: Baton Rouge Home Appraisal, Baton Rouge Home Appraiser, Baton Rouge Homes, Baton Rouge Homes For Sale, baton rouge housing, Baton Rouge Real Estate Agents, Baton Rouge Real Estate News, Baton Rouge Realtors, East Baton Rouge, Greater Baton Rouge | 
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Baton Rouge Home Appraiser Calls 2011 The Year Of Correction For Baton Rouge Housing!
Baton Rouge Home Appraiser Calls 2011 The Year Of Correction For Baton Rouge Housing!, See Below.
Baton Rouge Housing Reports Dot Com says,
2011: The Year Of Correction For East Baton Rouge Real Estate Prices .
See the complete report at the link above.
The well anticipated correction in local home prices, based on local incomes, the insane escalation of home prices after Hurricane Katrina, and the same housing euphoria that gripped our Nation from 2004 to 2007, has finally arrived. Despite the appearance of only a -2.13% decline, most of the 25 subdivisions examined belwo show far worse percentage declines indicating that for Baton Rouge Real Estate, 2011 was the anticipated “Year of Correction”!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2005 to 12/27/2011. This information was extracted on 12/27/2011. Statistics are based on total residential MLS sales reported to the GBRMLS as of 12/26/2011 6:01:00 PM
Baton Rouge LA Home Appraisers Lakes At Aubin Wood August 2011 Update
http://www.baton-rouge-real-estate.com/ – Baton Rouge LA Home Appraisers Housing Trends: The Lakes At Aubin Wood August 2011 Update. The location is very convenient to the center of Baton Rouge, a newer development from 2003 in an older housing market. According to the charting below, the Average Sales Prices fluctuated in the $230s from 2006 to 2009 and then broke above in the $240s in 2010. The last 2 MLS sales took place in 2010 with no 2011 sales or MLS Listings to report on.
Entrance
Entrance Sign
Home Styles
Development Lake
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to August 18, 2011. This information was extracted on 8/18/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Home Purchases In Greater Baton Rouge Pick Up Momentum, Market Report May 2011
http://www.homeappraisalsbatonrouge.com/ – Greater Baton Rouge Home Purchases Pick Up Steam, Market Report May 2011
THE GOOD NEWS!
There’s Confidence in the local Greater Baton Rouge housing market! The home purchase appraisal orders have really picked up this week with momentum like I haven’t seen yet this year. Just this week, we’ve seen a surge of orders for home purchases. Bill Cobb, Appraiser
THE NOT-SO GOOD NEWS!
Baton Rouge Business Report‘s Real Estate Weekly reports the housing market as “flat” in Louisiana and down in Baton Rouge.
According to the Businss Report, “The number of houses sold in Louisiana during the first quarter was virtually unchanged from the first three months of 2010. There were 5,604 homes sold through the end of March, according to figures from the Louisiana Realtors. That’s 0.6% more than the 5,568 homes sold through the first quarter of 2010. Houma-Thibodaux was the strongest metro market, with 202 homes sold during the quarter, a 14.1% increase over the first three months of 2010. The Lake Charles market also saw a double-digit percentage increase, with 289 sales, 10.3% more than the 262 sold in the first quarter of 2010. Home sales were up 7.9% in New Orleans to 1,837, 2.6% in Lafayette to 640, and 2.5% in Alexandria-Pineville to 248. Shreveport-Bossier City had the biggest sales drop, falling 12.8%. There were 775 homes sold during the first quarter, compared with 889 the year before. Monroe had a 4% drop in sales, to 388; and Baton Rouge was down 3.3%, to 1,225. Statewide, the average sale price of a home fell by 1.5%, from $177,381 to $174,687. For the rest of Real Estate Weekly, click here.
AND, LOCAL AGENT, RYAN SPENCER, OFFERS HIS UPDATE!
“1st Quarter 2010 to 2011 Avg. List Price $198,078/$192,161
Avg. Sale Price $191,506/$185,769
Avg. Days on the Market 95/104
List to Sale Price Ratio 96.68%/96.67%
Months of Inventory 9.19/10.76
The home buyer tax credit was in effect last year which may have boosted sales numbers in the first quarter of 2010. Despite tough economic times our market is still pretty strong overall. If you have any questions please contact me at 225-505-5619 or email me at ryan.spencer@coldwellbanker.com“
Posted in Baton Rouge Economic News, Baton Rouge Home Appraisers, Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate | Tags: Alexandria, Appraisal Orders, Bill Cobb, Business Report, First Quarter, First Three Months, Greater Baton Rouge, Home Buyer, Home Purchases, Housing Market, Lake Charles, Louisiana Realtors, Metro Market, Momentum, Percentage Increase, Price Ratio, S Real Estate, Shreveport Bossier City, Tax Credit, Thibodaux | No Comments »
Baton Rouge Video Tours: Real Estate Market Report Of Villa Del Rey Subdivision 2011
http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate: How Is Villa Del Rey Subdivision Performing Into 2011, Increasing, Declining or Remaining Steady?
Potential $20K Loss. This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision. In the appraisal I recently completed, the home sold for $155,900 in 2007, a Post Hurricane Katrina high price, and is now on the market for $136,000. If this home sells for $136,000, then homeowner only loses $20,000 and will lose a total of $28,160 after paying the selling commission.
A recent home appraisal in and analysis of Villa Del Rey revealed this interesting finding. From 2009 to 2010 to 2011, the median sales price has declined from $145,000 to $137,500 to now $136,000 (chart below is not updated) into 2011 based only on 3 sales. This drop is due to foreclosure and/or distressed sales. Actually, the chart below is incorrect because GBRMLS reports “38″ solds in 2010, not just 33, with a median of $137,500. Of those 38 sales, 11 or 29% were foreclosures, which is quite high. And, in 2011, the 3 solds only sold for $119,000, $136,000 and $139,000 indicating these sold below market.
THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 3, 2011. This information was extracted on 5/3/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
AUTHOR’S BIO:
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Posted in Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, Baton Rouge Real Estate Trends | Tags: Association Of Realtors, Baton Rouge Real Estate News, Decline, Distressed Sales, Foreclosure, Foreclosures, Gbrmls, Greater Baton Rouge, Home Appraisal, Home Values, Housing Market, Hurricane, January 1, Median Sales Price, Purchase Decision, Solds, Stair Step, Stairs, Video Tours, Villa Del Rey | No Comments »
Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011
http://www.facebook.com/brrebuzz – Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011! This is based on a comparison between Q1 2010 versus Q1 2011.
Biggest Gainer In East Baton Rouge 70739. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +6.2% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district. 70739 also showed a +9.4% increase in the number of home sales.
Zip Code 70818, another Central Market, showed less stellar results with +13.3% in the number of home sales, +1.4% increase in average sales price and +2.1% increase in average sold price per sq. ft.
Author Bio:
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Posted in Baton Rouge Economic News, East Baton Rouge Parish | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Author Bio, Baton Rouge Parish, Bill Cobb, Gainer, Greenwell Springs, Home Appraisal, Home Appraiser, Hot Market, Housing Market, Livingston Parish, Property Values, Real Estate Investors, Stellar Results, Top Performer, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Baton Rouge’s Accurate Valuations Group Reports On Weekly Housing Numbers April 15, 2011
http://www.batonrougerealestatebuzz.com/ – Greater Baton Rouge Housing Update For Week of April 15, 2011 (From April 9-15, 2011). This report covers the primary four (4) Parishes that make up Greater Baton Rouge Real Estate.
Ascension Parish
Solds: 9 from $86,700 to $385,000, Average Sales Prices $186,403 or $100.32/sf, Median Sales Price $137,500, Average Days On Market 59.
Listings:
Currently Pending: 229 $191,106 Average Listing Price and Median Price $172,500.
New Listings: 48 With Average Listing Price of $197,932, Median Listing Price of $174,950
Pending Listings: 39 With Average Listing Price of $195,857, Median Listing Price of $189,000
East Baton Rouge Parish
Solds: 31 from $5,500 to $1,054,000, Average Sales Prices $216,768 or $106.51/sf, Median Sales Price $161,000, Average Days On Market 96.
Currently Pending: 585 $208,328 Average Listing Price and Median Price $166,000.
New Listings: 120 With Average Listing Price of $268,194, Median Listing Price of $186,000
Pending Listings: 100 With Average Listing Price of $208,382, Median Listing Price of $165,000
Western Livingston Parish
Solds: 10 from $29,000 to $455,000, Average Sales Prices $189,525 or $97.54/sf, Median Sales Price $168,500, Average Days On Market 98.
Currently Pending: 177 $149,140 Average Listing Price and Median Price $147,900.
New Listings: 31 With Average Listing Price of $175,716, Median Listing Price of $168,900
Pending Listings: 24 With Average Listing Price of $120,687, Median Listing Price of $127,950
West Baton Rouge Parish
Solds: 4 from $51,500 to $226,000, Average Sales Prices $166,600 or $106.33/sf, Median Sales Price $194,450, Average Days On Market 68.
Currently Pending: 21 $187,983 Average Listing Price and Median Price $193,000.
New Listings: 0
Pending Listings: 1 Listing Price of $124,900
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April, 9, 2011 to April 15, 2011. This information was extracted on 04/16/2011.
Author’s Bio:
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Posted in Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends | Tags: Accurate Valuations, April 15, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, East Baton Rouge, East Baton Rouge Parish, Greater Baton Rouge, Group Reports, Livingston Parish, Median Price, Median Sales Price, Report Covers, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baton Rouge Real Estate: Kildare Subdivision Housing Report
http://www.batonrougehomeappraisal.com/ – Baton Rouge Housing Statistics: Kildare Subdivision 70812 Housing Numbers.
Solds In Kildare Subdivision have varied from lows to highs in terms of the Average and Median Sales Prices by year from 2006 up to 2011. The variance in the these range from $45,000 up to $152,500 depending on how many REO or foreclosure sales took place in Kildare during any given year. For example, the average sales prices since 2006 were $100,600, $89,000, $137,000, $87,700 and $122,500, which is a very wide spread. With the exception of 2009, there were few sales in each year. 2010 Data is reported below and there has already been one (1) REO or Foreclosure sale in 2011 for $45,000 for an 1,872sf home on 0.55 acre lot. In 2010, there were two (2) unusually high sales for $152,500 and $175,000. The $152,500 sale was for 2,919sf on about 1 acre and the $175,000 was for a 4,907sf on large lot with pool, 2 kitchens and apartment. Average days on market in 2010 was 300 days with a weak listing-to-sales price ratio of 92%.
Average Sales Price: $122,500
Average Sold Price Per Sq. Ft.: $36/sf
Median Sold Price: $152,500
Number of Sales: 3
Low To High: $40,000, $152,500 to $175,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # MLS Listings: 2
Current Listings Prices: $75,000 To $89,900
Author’s Bio:
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to March 23, 2011. This information was extracted on 03/23/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate Trends | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, Foreclosure Sales, Home Appraisal, Home Appraiser, Kildare, Livingston Parish, Median Sales Prices, Mls Listings, Price Ratio, Property Values, Real Estate Investors, Reo, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Baton Rouge New Housing Trends: January 2011 East Baton Rouge Residential Building Permits Down
http://www.batonrougerealestatetrends.net/ – Baton Rouge New Housing Trends: January 2011 East Baton Rouge Residential Building Permit Numbers Released
RESIDENTIAL PERMITS DECLINE Were Down In 2010! As a whole, residential building permits were down from 2,184 in 2009 versus 1,964 in 2010, a decline of 220 permits or -10% (includes all residential permit types). December 2010 versus December 2009 saw an increase from 177 in 12/2009 to 201 in 12/2010.
DECEMBER 2010 RESIDENTIAL SFR PERMITS TOTAL “53″! For Residential Permits only for “Single Family Residences”, December 2010 saw 53 permits issued versus 44 for November 2010.
ANY IMPROVEMENT IN JANUARY 2011? NO! According to EBRP Department of Public Works Permit Office, “Building permits are down from 1,763 in December 2010 to 1,673 in January 2011.” For Residential ONLY, there were 30 permits issued for Single Family Residences and 62 for Additions-Remodeling for a total of 92 permits. This is a -36% decrease compared to the 143 permits issued in January 2010. And, this is -48% decrease compared to the 177 permits issued in December 2010. However, December 2010 did see an odd “88″ permits for “Duplexes”, which was more than any recorded in recent history.
NOTE: Top Image Source: www.remodeling-sanantonio.com
Tags: Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends, Baton Rouge Realtor, Baton Rouge Realtors, East Baton Rouge Residential Building Permits
Posted in Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Realtor, Baton Rouge Realtors, Residential Building Permits | Tags: Additions, Baton Rouge Real Estate News, Baton Rouge Realtor, Building Permit, Building Permits, Decline, Duplexes, East Baton Rouge, Family Residences, Housing Market, Nbsp, Odd, Real Estate Trends, Realtors, Recent History, Residential Building, Sanantonio, Sfr, Single Family, Top Image | No Comments »
Baton Rouge Real Estate Trends Q4 2010: La Foreclosures Low Compared To Most States
http://www.batonrougerealestatetrends.net/ – Greater Baton Rouge Real Estate Trends: La Foreclosures Low Compared To Most States.
The LREC or Louisiana REALTORS (source) is reporting on the state of Louisiana foreclosures as of fourth quarter 2010. There report is below.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Foreclosure Trends, Short Sales Study | Tags: Baton Rouge Real Estate News, Foreclosures, Fourth Quarter, Greater Baton Rouge, Louisiana Realtors, Lrec, Nbsp, Real Estate Trends, State Of Louisiana | No Comments »