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Baton Rouge Real Estate Trends

Baton Rouge Housing Statistics: Wedgewood Subdivision Increases Into 2010

http://www.batonrougehomeappraisal.com/ – Baton Rouge Real Estate Housing Statistics: Wedgewood Subdivision Increases Slightly Into 2010

Wedgewood Subdivision Baton Rouge Real Estate

Wedgewood Subdivision Market Direction: Up or Down?

Solds In Wedgewood from 1/1/2009 to 12/31/2009 revealed:
Average Sales Price: $174,372
Average Sold Price Per Sq. Ft.: $89/sf
Median Sold Price: $173,250
Number of Sales: 18
Number of Sold REO/Foreclosures Noted In MLS: 1

Solds In Wedgewood from 1/1/2010 to 04/23/2010 reveals:
Average Sales Price: $183,250
Average Sold Price Per Sq. Ft.: $90/sf
Median Sold Price: $181,500
Number of Sales: 4
Number of Sold REO/Foreclosures Noted In MLS: 0

Wedgewood Subdivision Baton Rouge housing stats 2010

Therefore, based on the median sale price barometer within Wedgewood, the market direction appears to be increasing from $173,500 in 2009 to $181,500 into 2010 or +4.76%, but only based on 4 sales so far into 2010. The sold price per sq. ft. differences between 2009 and 2010 is approximately an increase of $1.07/sf. NOTE: The median sales price is the NAR’s barometer because it tends to eliminate the “outliers” in a market reporting periord. Outliers are those homes that sold unusually low or high based on an historical pattern.

bill cobb baton rouge real estate

 

GBRARNOTE: Based on Detached Single Family information from the Greater Baton Rouge Association of REALTORS\MLS. This information was extracted on 04/23/2010.

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Observations: Southwest Baton Rouge Market Shows Strong Comeback into 2010

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Observations: Southwest Baton Rouge Market Shows Strong Comeback into 2010

GBRAR MLS Map Southwest Baton Rouge

Wow, what a difference 6 months can make in a housing market. I appraised a home in Cottage Hill Subdivision 70809 in October 2009 and again in April 2010.

Cottage Hill Sub Baton Rouge 70809

The differences in that housing market is like night and day. See Below!

Market Conditions Description in 10/2009:

Declining Market of -4.39% Since 10/2008. 28 Months Supply of Housing On
Market. 19 Competing Listings Does Indicate an Over-Supply (includes FSBO listings). 96% List-To-Sales Price Ratio. While comps 1-3 show 1-3
months marketing time, 28 Month Supply and an oversupply indicate over 6 months.

CLICK TO ENLARGE

Market Conditions Description in 4/2010:

Stable to Increasing Market of 8.49% Since 4/2009. 6.3 Months Supply of
Competing Housing On Market. 14 Competing Listings Does Indicate an Over-Supply (does not include FSBO’s). 97% List-To-Sales Price Ratio.

CLICK TO ENLARGE

NOTE: Based on Detached Single Family information from the Greater Baton Rouge Association of REALTORS\MLS for the period 10/01/2007 through 10/15/2009 versus 04/17/2008 to 04/17/2010. MLS Areas 53, 61 and 62, Slab Foundation, 2100sf to 2500sf, 6-10 to 16-20 Yrs old. This information was extracted on 10/15/2009 and 04/22/2010.

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Baton Rouge Real Estate Trends

Baton Rouge Real Estate Home Selling Tips: 4 Ways To Sell Your Home Faster

http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate Home Selling Tips: 4 Ways To Sell Your Home Faster. This article was written for homeowners and may be helpful for Real Estate Agents as well.

3 biggest baton rouge real estate mistakes

 

CBS Money Watch is reporting on 4 Ways To Sell Your Home Faster! Click the blue link to read the article! Here’s a snippet:

Home sellers, buckle up: Spring selling season is here, and it’s going to be a bumpy ride.

For now, the April 30 deadline for closing on a house to claim the home buyer tax credit is boosting sales. But with mortgage rates edging up, deals are fragile and lenders are on edge. “Last-minute glitches are holding up things far longer than we have ever seen before,” says Michael Onorato, president of the Illinois Association of Realtors.

Just because you have a real estate agent, that doesn’t mean you can sit back and let the pro sell your house. To get top dollar, you’ll need to take control of the relationship and micro-manage like nobody’s business. Follow these four steps to sell your house fast.

The 4 Ways To Sell Your Baton Rouge Home Faster:

1.) Keep Your Agent on a Tight Leash

2.) Prove Your Home’s Value

3.) Get a Fair Appraisal

4.) Get Your Home Staged

Baton Rouge Real Estate Trends

Baton Rouge Certified Home Appraisers: Area Home Sales See Gains In March

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Certified Home Appraisers: Area Home Sales See Gains In March

baton rouge real estate market comparison statistics report

 

The Advocate Newspaper and Chad Calder are reporting “BR-area home sales see gain in March“, click on the link to read the entire article. Below is a snippet:

The number of homes sold in the Baton Rouge metro area rose slightly in March, though the first quarter was down 2 percent.

The March bright spot is largely due to an increase in Ascension Parish.

The figures, compiled by the Greater Baton Rouge Association of Realtors, account for about 85 percent of the market in the eight-parish area.

Realtors sold 600 homes in the metro area in March, 1 percent more than the 594 sold in the same month last year. Dollar volume in March was up 2 percent to $118.0 million.

The quarter, however, still reflects the downward trend that has characterized recent years. There were 1,406 homes sold during the first three months of the year, compared to 1,431 the year before.

Dollar volume was also down 2 percent to $270.3 million for the quarter.

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Agent Tips: The Importance Of Sending Those Thank You Notes!

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Agent Tips: The Importance Of Sending Those Thank You Notes!

real estate appraiser thank you notes

 

reapptoolsJR-excerptsfromthetreasuryofquotes-lgBack in early 2004, I released the “Reapptools” Home Appraiser Marketing Guide. Some of the readers of this blog purchased that guide. While the implementation HVCC has eliminated some of the marketing methods recommended in the guide, there was a section about the power of thank you notes and referral gifts. These generally included a thank you with a small very inexpensive Jim Rohn booklet on success. I received a thank you note with success type booklet recently from site sponsor, Lore DeAstra with Continental Appraisal and was reminded of the power of thank you notes.

What about that appraiser or home inspector that recently sent you a listing referral? What about that Attorney that recently sent you the listing referral? What about that family friend that referred your services to their neighbor? Did you take time to send them a thank you note? The point in the Reapptools guide was that thank you notes positively reinforce that behavior over and over again.

To help me make sure I follow through on sending thank you notes, I keep a stack within arms reach. That’s why I also bought my Dymo Label Writer 400 years ago so I could print an address label in a snap!

John Jones’ Tuesday Morning Coffee video today is about the power of thank you notes. John’s recommendations are that they be hand-written, sent within a couple of days of the kind gesture, reference the kind gesture (thank for the listing appraisal referral) and use the words “you” and eliminate “I” and “we”. Enjoy! Bill Cobb

 

 

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Buzz: Multiple Renovations and New Homes In University Gardens 70808

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate Buzz: Multiple Renovations and New Homes In University Gardens 70808

I was appraising a home in University Gardens on Saturday and noticed a substantial amount of renovations projects taking place along with these two new homes under construction on corner lots back-to-back below. It appears the trend in this market is to stay put and renovate or add-on and renovate and/or demolish and build new.

Baton Rouge Home Renovations In University Gardens

 

Baton Rouge Homes University Gardens New Construction

 

Real Estate Baton Rouge University Gardens New Homes

Baton Rouge Real Estate Housing New Home In University Gardens

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Baton Rouge Real Estate Trends

Baton Rouge Real Estate Agents: Shocking Study Of Sellers’ Ways Of Picking Their Agent

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Agents: Shocking Study Of Sellers’ Ways Of Picking Their Agent

real estate agent and buyers

Their a new blog post on Active Rain by Bill Cherry describing the results recently published in the April Issue of Texas Realtor. Bill Cherry’s article is here! Here’s a snippet:

1.) 62% of home sellers only interviewed one agent before listing their home.

2.) 19% of home sellers talked to three agents before they selected one

3.) 22% were more interested in determining the list price that would make their home competitive than any other service a listing agent would provide.

4.) 1% thought professional designations were important when picking their agent. The other 99% didn’t see the value to be of consequence.

5.) 3% found picked their agent by walking in or calling a real estate office and speaking to the agent who had floor duty at the time they called.

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Appraisal: Central’s Village Lakes March 2010 Housing Market Report and Video Tour

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: Central’s Village Lakes March 2010 Housing Market Report and Video Tour

Central Village Lakes Baton Rouge Real Estate

 

 

 

 

 

 

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Baton Rouge Real Estate Trends

Online Search For Greater Baton Rouge Homes For Sale

http://www.batonrougerealestatebuzz.com/ - Online Search For Greater Baton Rouge Homes For Sale

Visit Baton Rouge Real Estate Buzz to search online for Baton Rouge Homes For Sale!

baton rouge homes search

baton rouge real estate search

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Agents: Video Of How To Turn You Business Card Into A Lead Generating Magnet

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate Agents: Video of How To Turn You Business Card Into A Lead Generating Magnet

real estate unplugged tv

Episode # 67: Michael Krisa shares a simple strategy that will easily make your business card generate more leads and more sales. The examples of what Michael uses are below:

real estate business card 1

 

real estate business card 2

For More Real Estate Video Tips, Click Below!

realestateunpluggedtv

thatinterveiwguy

Baton Rouge Real Estate Trends
Baton Rouge Real Estate Trends