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Posts Tagged ‘April’
Photos From The Field: Baton Rouge Real Estate Picks Up Momentum Into 2010
05/09/2010 | 
Author http://www.appraisersinbatonrouge.com/ – Photos From The Field: Baton Rouge Real Estate Picks Up Momentum Into 2010. This sign below is common in Fairhill At Bluebonnet Highlands in May of 2010.
From the GBRAR MLS Stats from 5/2009 to 5/2010 for new homes to 5 year old homes, extracted on 5/9/2010, the months supply of inventory appears to have declined from a 13 month supply in May 2009 to 3 months in April 2010. The median sold price in this period has been $283,000, average sold price $135/sf taking about 116 days to sell a home in Fairhill.
Tags: Baton Rouge Real Estate, Baton Rouge Real Estate Photos From The Field, Real Estate Baton Rouge, Fairhill At Bluebonnet, 70810, Baton Rouge Real Estate Buzz, Baton Rouge Real Estate Tube
Posted in Agents In Baton Rouge, Baton Rouge Divorce Appraisal, Baton Rouge Divorce Appraisals, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Baton Rouge Realtor, Baton Rouge Realtors, Greater Baton Rouge Divorce Appraisals, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | 
Tags: April, Baton Rouge Real Estate News, Bluebonnet, Buzz, Estate Photos, Fairhill, Mls Stats, Momentum, Months Supply, Nbsp, New Homes, Real Photos | 
1 Comment »
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
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.
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.
Tags: Baton Rouge Estate Appraisers, baton rouge homes, baton rouge housing, baton rouge real estate
Posted in Agents In Baton Rouge, Baton Rouge Economic News, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate, Baton Rouge Realtors, Real Estate Baton Rouge | Tags: April, Association Of Realtors, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Declining Market, Detached Single Family, Estate Appraisers, Estate Homes, Fsbo Listings, Greater Baton Rouge, Hill Subdivision, Housing Market, Marketing, Mls Areas, Months Supply, Oversupply, Price Ratio, Slab Foundation, Southwest, Stable, Wow | 1 Comment »
This Month in US Real Estate April 2010 Video, Does It Apply To Baton Rouge Real Housing Market?
http://www.batonrougerealestatetube.com/ – This Month in US Real Estate April 2010 Video, Does It Apply To Baton Rouge Real Housing Market?
Posted in Agents In Baton Rouge, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Realtors, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: April, Baton Rouge, Housing Market, Real Estate, Real Video | No Comments »
Denham Springs Real Estate Update April 2010 – Declining Prices and Move To Affordability!
http://www.appraisersindenhamsprings.com/ – Denham Springs Housing Update April 2010 – Reporting Declining Prices and Move To Affordability!
This Denham Springs Housing Update proves what I’ve been saying for the past year – that the Denham Springs housing market is turning more affordable, to lower priced housing. The chart below shows the largest percentage of homes sold in Denham Springs in the $130,000 to $139,999 range. According to the Baton Rouge Business Report Weekly below, the March 2009 average sales price was $165,404 and $154,782 in March 2010, -6.42% decline.
Yesterday’s Baton Rouge Business Report Weekly Real Estate Update for March 2010 stated:
“For the first time this year, more houses were sold locally in a month than were sold the year before. There were 596 homes sold in March, according to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, compared with 594 MLS sales in March 2009. The average sale price also increased slightly, from $194,321 in March 2009 to $197,042. The gain was entirely driven by Ascension Parish, where there were 142 MLS sales in March, compared with 105 in March 2009. Average sale prices were down somewhat in Ascension, from $213,600 to $201,082. Sale prices were also down in Livingston Parish, where there were 91 sales, three fewer than in March 2009. The average sale price in the parish was $154,782, compared with $165,404 in March 2009. East Baton Rouge sales were down from 351 to 320, while the average sale price rose from $202,975 to $206,061. And in the other category, which includes MLS sales in the Felicianas, West Baton Rouge and Pointe Coupee parishes, the average sale price jumped up to $206,020, from $141,057, while the number of sales was virtually unchanged, from 44 in March 2009 to 43 last month.
Through the first quarter of 2010, 1,402 MLS sales have happened in the Capital Region, 2% less than the 1,431 sales in the first three months of 2009. The average sale price is $192,709, down slightly from the $193,216 figure in the first quarter 2009.“
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Affordability, Affordable Housing, April, Association Of Realtors, Business Report, Business Weekly, Decline, Denham Springs Real Estate, East Baton Rouge, First Quarter, Greater Baton Rouge, Housing Market, Livingston Parish, Mls Sales, Multiple Listing Service, Pointe Coupee, Realtors Multiple Listing, Realtors Multiple Listing Service, West Baton Rouge | No Comments »
LA Realtors Report Good News For Baton Rouge Real Estate In July 2009
http://www.batonrougefhaappraisers.com/ – LA Realtors Report Good News For Baton Rouge Real Estate In July 2009
LA Realtors reports Pending Home Sales Record Fourth Straight Monthly Gain, as directly quoted:
“Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the latest survey. The Pending Home Sales Index increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.
Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that go to closing. “Closed existing-home sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions,” he said. “Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy.” For more information, see the complete NAR news release.”
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, FHA Appraisers Baton Rouge, Greater Baton Rouge Subdivision Video Tours | Tags: April, Baton Rouge Real Estate News, Chief Economist, Clarification, Contract Activity, Contracts, Economy, Existing Home Sales, First Time Buyer, Housing Affordability, Housing Market, La Realtors, Last Time, Nar, News Release, Pending Home Sales Index | No Comments »