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Posts Tagged ‘Accurate Valuations’
Baton Rouge Real Estate Appraisers Report On 2010 vs 2011 Housing Market
04/09/2011 | 
Author http://www.batonrougerealestateappraisers.net/ – East Baton Rouge Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Report. Report shows a minor 3% decrease in number of home sales over 2010, but significant declines in Average Sales Prices overall. Report includes ALL housing types in East Baton Rouge Parish.
Accurate Valuations Group (Home Appraisals) has completed an analysis of the East Baton Rouge Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. Click the chart to view in a larger size.
This is a lot of data to report on in one (1) article with “20″ zip codes. A short summary follows:
Number of Home Sales Decreased by 3% Over 2010! For the number of home sales, only 9 zip codes reported a smaller number of sales. And, Ten (10) Zip Codes experienced more sales in Q1 2011 than in Q1 2010, which is great news for our market. Still, in Q1 2010 there were 738 home sales versus 714 in Q1 2011, which is a difference of 24 sales or -3%.
Average Sales Prices Overall Decline! This is consistent with the CoreLogic report on national home prices falling for the 7th straight month, as reported on Thursday, April 7, 2011. Thirteen (13) of the 20 Zip Codes showed declining average sales prices versus only Seven (7) showing increases. Local home prices are continuing to correct.
Average Sales Price Per Square Foot Overall Declines! This is consistent with the CoreLogic report. Fifteen (15) of the 20 Zip Codes showed declining average sales prices per sq. ft. versus only Seven (5) showing either no change or just slight increases.
Biggest Gainers. Zip Code 70807, the Scotlandville market, showed a 450% increase in number of home sales. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +5.6% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district.
Largest Declines. Zip Code 70820, the market below LSU off Brightside, showed a -35.3% decrease in number of home sales. Zip Code 70802, the market in and around Central Business District, showed a -33.4% decline in Average Sales Prices AND -30.2% decline in Average Sales Price Per Sq. Ft..
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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 Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends, Trends Baton Rouge Real Estate | 
Tags: Accurate Valuations, Baton Rouge Parish, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Biggest Gainers, Decline, Declines, East Baton Rouge, First Quarter, Great News, Greenwell Springs, Group Home, Home Appraisals, Hot Market, Housing Market, Locals, Lsu, Quarterly Sales, Real Estate Appraisers, Sq Ft, Zip Code, Zip Codes | 
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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 Divorce Appraisals: Advice for Couples Planning Divorce. Accurate Valuations Group 225-293-1500
http://www.batonrougedivorceappraisals.com/ – Greater Baton Rouge Divorce Appraisals: Mortgage Advice for Couples Planning a Divorce. Accurate Valuations Group: 225-293-1500, info@accuratevg.com
This is a reblog from the Move Smartly Blog that locals might find helpful for Greater Baton Rouge related divorce matters! The credit for this article goes to David Larock and here’s the link to his article: Mortgage Advice for Couples Planning a Divorce
West Baton Rouge Home Appraisers VIDEO: Missouri Acres Addis Report For 2009-2010
http://www.westbatonrougeappraiser.com/ – West Baton Rouge Home Appraisers VIDEO: Missouri Acres Subdivision in Addis Louisiana Report For 2009-2010
In Missouri Acres in 2009-2010, the median sales price for the 5 GBRMLS sales was $238,000 with an average sold price of $119.64/sf. The low to high sales prices were $219,000 to $258,000. However, this market is very slow and the days on the market it takes to sell a home has been increasing over the past two (2) years above the $225,000 price ranges.
West Baton Rouge Real Estate Appraisers is an information source provided by local West Baton Rouge Parish Home Appraiser, Bill Cobb, and Accurate Valuations Group West. Bill has 20 years experience as a residential appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! Some of the videos on this site are housing market updates provided by Bill himself and others are videos of local homes for sale by area Agents.
http://www.batonrougerealestatebuzz.com/ is also a helpful resource for local West Baton Rouge Real Estate Buzz!
While Baton Rouge Real Estate Trends Dot Net reports on the broad or macro Greater Baton Rouge Housing Markets, Baton Rouge Market Metrics Dot Com reports on the individual subdivisions within the four (4) local Parishes that make up the Greater Baton Rouge Housing Market.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 31, 2010. This information was extracted on 02/13/2011.
Posted in Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, West Baton Rouge Real Estate | Tags: Accurate Valuations, Addis Louisiana, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, Greater Baton Rouge, Group West, Home Appraiser, Home Appraisers, Housing Market, Local Network, Market Metrics, Market Updates, Median Sales Price, Real Estate Appraisers, Real Estate Trends, Residential Appraiser, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baker La Real Estate Appraisers: City of Baker La Photos of New Fire Department
http://www.batonrougerealestateappraisal.com/ – Baker La Real Estate Appraisers: City of Baker La Photos of New Fire Department
Accurate Valuations Group Home Appraiser, Bill Cobb, took these photos last Fall of the new Baker Fire Department, Office of Emergency Preparedness & Homeland Security Buildings. Buildings dedicated to Avon R. Honey, La State Representative District 63 from 2002-2010 for his dedication and commitment to the Baker Fire Department and City of Baker. The official website for the Baker Fire Department is here! The Advocate Newspaper also has an article about Baker’s new $300,000 fire truck here from June 2010.
From their website, the “Mission Statement” of the Baker Fire Department is: “All members of this department guarantee to the residents and visitors of the City of Baker that we will provide dependable and professional service in a responsive fashion while showing care and compassion for those in need. We will do our best to rapidly and professionally mitigate all fire, rescue, medical care and hazardous material incidents and to protect lives, property and the environment through meticulous training, disaster preparedness, fire prevention and community education programs.”
Posted in Greater Baton Rouge Real Estate News | Tags: Accurate Valuations, Avon Representative, Baker Fire Department, Bill Cobb, Community Education Programs, Disaster Preparedness, Fire Department Office, Fire Prevention, Fire Rescue, Fire Truck, Group Home, Hazardous Material Incidents, Home Appraiser, Nbsp, New Fire, Office Of Emergency Preparedness, Professional Service, Real Estate Appraisers, Responsive Fashion, State Representative District | No Comments »
Baton Rouge Area 2011 St. Jude Dream Home Photo Gallery And Video Are Online
http://www.batonrougerealestatebuzz.com/ – Baton Rouge Area 2011 St. Jude Dream Home Photo Gallery And Video Are Online
Accurate Valuations Group is a proud sponsor of the St. Jude Dream Home, providing home appraisal services for the Dream Home since the year 2000. Buy your tickets at the links below.
Direct Link And Info From Sponsor WBRZ Information Page: http://www.wbrz.com/st-jude-dream-home-giveaway
TICKETS: $100 tickets will go on sale December 14, 2010. You may reserve your ticket at Citizen’s Bank & Trust branch locations, The UPS Store, open houses, www.stjudedreamhome.org or by phone at (800) 726-6409.
Grand Prize: Approximate value is: $350,000
The first place prize is the St. Jude Dream Home house located at 37393 Hwy. 621 in Prairieville in the Lakes at Ascension subdivision.
The St. Jude Dream Home house features:
Four bedrooms, 3 baths
3,052 square feet living, 3,755 square feet total area
Upstairs den/playroom
Granite Slabs
Stainless Steel Appliances
Bricked Courtyard
Wood FloorsCypress Cabinets
Bronze Light and plumbing fixtures
This year marks the thirteenth year of construction of the St. Jude Dream Home in the Greater Baton Rouge Area. The St. Jude Dream Home Giveaway is the original and longest running home raffle conducted in our community. Proceeds generated from the sale of tickets to win this home directly benefit St. Jude Children’s Research Hospital, the St. Jude Affiliate Clinic located in Baton Rouge and children locally, nationally and around the world.
Other Prizes
In addition to the St. Jude Dream Home house, other prizes will be given away. Each is valued at $1,000 or more. These prizes include:
$1,000 gift certificate at Kean’s Fine Dry Cleaning
Flowers each month for a year, courtesy of Billy Heroman’s Flowerland
$1,000 gift certificate at Memory Mania
$1,000 gift certificate at Shear Illusions Hair Salon
Two $500 gift certificate at Carriages
One year family membership, courtesy of Spectrum Fitness Club
Spa services and products, courtesy of St. Michel Day Spa
5-piece patio set, courtesy of Brian’s Furniture
$1,000 gift certificate at Kleinpeter Photography
$1,000 savings bond, value at maturity date, courtesy of Citizens Bank & Trust
Talo® SmartTouch® kitchen faucet & accessories, courtesy of Brizo®
Two painting parties, courtesy of Mud Pies and Masterpieces
Custom built furniture, courtesy of Kayu Furniture Imports
Desktop computer and printer, courtesy of Diamond Foods
Mural, courtesy of Tara Buttons
$500 gift certificate at The Melting Pot $1,200 gift certificate at Associated Grocers
Open Houses:
The St. Jude Dream Home house will be open to the public every Saturday and Sunday, February 5-March 20, (Saturdays 9 a.m. to 5 p.m. and Sundays noon to 5 p.m.).
Call (800) 726-6409 for directions.
Tour of the St. Jude Dream Home with Whitney:
Drawing:
Winners will be announced during the live St. Jude television special on WBRZ Channel 2 on March 27, 2011. Only 11,500 tickets will be sold.
For more information, call the 24-hour toll-free hotline at 1-(800) 726-6409 or visit www.stjudedreamhome.org
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Housing Market, Real Estate Baton Rouge, Trends Baton Rouge Real Estate | Tags: Accurate Valuations, Appraisal Services, Approximate Value, Billy Heroman, Carriages, Dream Home Giveaway, Flowerland, Granite Slabs, Home Appraisal, Home Photo, Jude Children, Kean, Playroom, Plumbing Fixtures, Proud Sponsor, Running Home, St. Jude Dream Home Giveaway, Stainless Steel Appliances, Trust Branch, Wbrz | No Comments »
Baton Rouge Home Appraiser PRE-LISTING Appraisals Now Offers Semi Pro Photos and Video Marketing
http://www.gbrprelistingappraisals.com/ – Baton Rouge Home Appraiser PRE-LISTING Appraisals Now Offers Online Photos and Video Marketing
As a local Greater Baton Rouge Home Appraiser and local online real estate marketer, Accurate Valuations Group will now be able to offer semi-pro style photos for my PRE-LISTING Appraisal Clients along with HD Video Tours! Bill Cobb with Accurate Valuations Group recently made the investment in a Sony HX1 with 16mm ultra wide angle lens. The differences with the lens versus without the lens is impressive, see Before and After photos below.
BEFORE: Interior Photo Without The Wide-Angle Lens
AFTER: Interior Photo With The Wide-Angle Lens
Visit http://www.gbrprelistingappraisals.com/ for more details coming soon.
What Type Of Homes Qualify For Our Pre-Listing Appraisals?
Generally, homes in restricted subdivisions between the value ranges of $40,000 up to $500,000. Bill Cobb doesn’t perform Pre-Listing Appraisals on Complex or Extraordinary Homes or Rural Homes On Acreage.
What Is Our Service or Coverage Area?
Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778
East Baton Rouge Parish/County – ALL
Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785
West Baton Rouge/County – ALL
Photographing Greater Baton Rouge on Flickr @ http://www.flickr.com/photos/billcobb/
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home Appraisers, Baton Rouge Pre-Listing Appraisals | Tags: Accurate Valuations, Appraisal Clients, Appraisals, Baton Rouge Parish, Bill Cobb, Coverage Area, Denham Springs, Dutchtown, East Baton Rouge, Greater Baton Rouge, Home Appraiser, Interior Photo, Livingston Parish, Saint Amant, Sorrento, Style Photos, Video Marketing, Video Tours, West Baton Rouge, Wide Angle Lens | No Comments »
Greenwell Springs Central LA Home Appraisers: Bellingrath Lakes 2010 Price Trends
http://www.batonrougehomeappraisal.com/ – Greenwell Springs Central LA Appraisers: Bellingrath Lakes Sudivision 2010 Price Trends Wrap Up!
Overall, there were nine (9) 2010 sales which brought the median sales price higher than 2009′s $304,400 and higher than 2008′s $294,500. In 2010 as compared to 2009, the Average Sales Price has declined 7.8%, Median Sales Price increased 3.5% and Average Sold Price Per Sq. Ft. declined $4.48/sf. There is one (1) foreclosure noted on Lake Stream Drive. And, that unfinished home that sat vacant for about 1 year or more was sold in 2010 for $148,000, an MLS sale, and is being finished. NOTE: If you are considering purchasing a home in Bellingrath Lakes and don’t want to pay too much, I would advise one to order a “Pre-Purchase Appraisal” from Accurate Valuations Group as there are at least two (2) current listings in Bellingrath Lakes well above market support.
Solds In Bellingrath Lakes Subdivision from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $293,700 ($318,550 in 2009)
Avg Sold $ Per Sq. Ft.: $119.27/sf ($123.75/sf in 2009)
Median Sold Price: $314,900 ($304,400 in 2009)
Number of “MLS” Sales: 9 (6 in 2009)
Average Number of Days On Market: 102 (188 in 2009)
Low To High: $155,000 to $162,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 4, 0 Are Foreclosures
Current Listings Prices: $285,000 to $379,000 or $120/sf to $149/sf. NOTE: The $142/sf listing on Bellingrath Lakes Ave, not on the lake, is grossly overpriced for this market based on the numbers or support above.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 31, 2010. This information was extracted on 1/10/2011. Yes, this appraiser has obtained permission from GBRAR MLS to use the above pricing chart!
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, Central City, Central La, Greenwell Springs, Bellingrath Lakes
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers | Tags: Accurate Valuations, Association Of Realtors, Avg, Bellingrath, December 31, Foreclosure, Foreclosures, Greater Baton Rouge, Greenwell Springs, Home Appraisers, Housing Market, January 1, Lake Stream, Median Sales Price, Mls Sales, Nbsp, Price Trends, Reo, Solds, Sq Ft | No Comments »
Western Livingston Parish Home Appraisers: August 2010 Market Data
http://www.denhamspringsappraisers.com/ - Western Livingston Parish Home Appraisers: August 2010 Market Data
The August 2010 housing numbers are in from the Greater Baton Rouge Association of Realtors from 8/1/2010 to 8/31/2010 and from 8/1/2009 to 8/31/2010, extracted on 9/16/2010.
Livingston Parish August 2010 Market Data
(For MLS Areas 80, 81, 82 & 83)
Total Monthly Sales: 56 (Lowest Number Of Sales In Period)
Average Listing Price: $164,295 ($162,914 in 8/2009)
Average Sold Price: $161,018 ($160,232 in 8/2009)
Median Sold Price: $140,900 ($152,500 in 8/2009)
Average Days On The Market: 92 (85 in 8/2009)
Listing To Sales Price Ratio: 98% (98.3% in 8/2009)
Current Inventory: 811 (703 in 8/2009)
Months of Inventory: 14.5 (Longest In Period, 5.9 in 8/2009)
Annual View From 8/2009 to 8/2010:
Total Monthly Sales: 1210
Average Listing Price: $167,849
Average Sold Price: $164,948
Median Sold Price: $152,147
Average Days On The Market: 90
Listing To Sales Price Ratio: 98.3%
Average Current Inventory: 719
Average Months of Inventory: 7.1
Accurate Valuations Group’s “MARKET WRAP”:
NUMBER OF HOME SALES DECLINES. Based on these numbers, home sales are slowing considerably from 120 in August 2009, 109 in June 2010, 83 in July 2010 to just 56 in August 2010, a decline of -53% since August 2009.
LOCAL HOUSING INVENTORY SWELLS. With the number of home sales declining, this resulted in an increase to over 14 months of inventory. The good news is that in August, it still took an average days on the market of 92 days to sell a home.
MEDIAN SALES PRICE DECLINE. The median sales price declined sharply from $152,500 in August 2009, $149,000 in June 2010, $155,000 in July 2010 to just $140,900 in August 2010, a decline of -7.6% since August 2009. This shows that this market continues to favor the more affordable housing options over that of the higher end homes market. Area home builders have reacted and are building smaller homes to accomodate this market demand.
WHY WE USE MEDIAN SALES PRICE OVER AVERAGE SALES PRICE? NOTE: Why Median Sales Price is a better indicator than Average Sales Price! Median Sales Price is the barometer by which the National Association of Realtors uses to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market.
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Livingston Parish Real Estate News | Tags: Accurate Valuations, Affordable Housing, Amp, Association Of Realtors, Greater Baton Rouge, Home Appraisers, Home Builders, Livingston Parish, Median Sales Price, Mls Areas, Period Average, Price Decline, Price Ratio, S Market, Swells | No Comments »
Baton Rouge Real Estate Buzz: Riverbend Subdivision 70820 Mid Year 2010 Update
http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: Riverbend Mid Year 2010 Update. New Buzz report update on Riverbend Subdivision in Baton Rouge 70820 near LSU.
Tags: baton rouge, baton rouge real estate, real estate baton rouge, riverbend subdivision, lsu, baton rouge homes, baton rouge houses, baton rouge appraisers, baton rouge fha appraisers, accurate valuations group, baton rouge home appraisal, baton rouge home appraisals, baton rouge mls area 52
Posted in Baton Rouge Economic News, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, Baton Rouge Realtor, Baton Rouge Realtors | Tags: Accurate Valuations, Appraisers, Area 52, Baton Rouge Real Estate News, Buzz Report, Fha, Home Appraisal, Home Appraisals, Houses, Lsu Baton Rouge, Mls Area, Nbsp, Real Estate Real Estate, Riverbend | No Comments »