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Posts Tagged ‘Barometer’
Appraisers In Zachary Louisiana 70791: Lake Pointe Subdivision 2010 Update
12/04/2010 | 
Author http://www.zacharylouisianarealestate.info/ – Appraisers In Zachary Louisiana 70791: Lake Pointe Subdivision 2010 Update. There’s ups and downs to report for this higher end market!
Entrance Image Source: http://lakepointezachary.com/
Solds In Lake Pointe from 1/2010 to 12/03/2010 revealed:
Average Sales Price: $271,400 ($257,700 in 2009 =’s +$5.3%)
Average Sold Price Sq. Ft.: $121/sf ($117.44/sf in 2009 =’s +3%)
Median Sold Price: $252,000 ($265,000 in 2009 =’s -4.9% Decline)
Number of Sales: 5 (5 in 2009)
Average Number of Days On Market: 158 (129 in 2009)
Low To High: $236,000 to $360,000 ($204,000 to $330,000 in 2009)
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Prices: $279,900
WHY WE RELY ON MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?
Median Sales Price is the barometer by which the National Association of Realtors utilizes 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. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower “sub-market” parameters for comp search. This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 3, 2010. This information was extracted on 12/03/2010.
Tags: Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, East Baton Rouge, Greater Baton Rouge, Zachary La, Zachary Louisiana, Lake Pointe, 70791
Posted in Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, East Baton Rouge County Housing Market Studies, East Baton Rouge Parish, Zachary LA Real Estate 70791 | 
Tags: Association Of Realtors, Barometer, Comps, Extreme Highs, Fannie Mae, Foreclosures, Greater Baton Rouge, Highs And Lows, Home Appraisers, Market Entrance, Market Parameters, Median Sales Price, National Association Of Realtors, National Housing, Reo, Solds, Sq Ft, Ups, Ups And Downs, Zachary Louisiana | 
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Housing Statistics For Baton Rouge Real Estate: Stevendale Heights 70819 Declines Into 2010
http://www.batonrougehomeappraisal.com/ – Housing Statistics For Baton Rouge Real Estate: Stevendale Heights 70819 Declines Into 2010
Stevendale Heights Market Direction: Up or Down?
Solds In Stevendale Heights from 1/1/2008 to 12/31/2008 revealed:
Average Sales Price: $68,097
Average Sold Price Per Sq. Ft.: $61/sf
Median Sold Price: $66,000
Number of Sales: 15
Number of Sold REO/Foreclosures Noted In MLS: 6
Solds In Stevendale Heights from 1/1/2009 to 12/31/2009 revealed:
Average Sales Price: $73,470
Average Sold Price Per Sq. Ft.: $53/sf
Median Sold Price: $70,000
Number of Sales: 10
Number of Sold REO/Foreclosures Noted In MLS: 4
No MLS Solds Year-To-Date In 2010 as of 4/23/2010! However, there are currently 3 current foreclosure listings and at least 2 pre-foreclosures. Current RealtyTrac map below.
Therefore, based on the median sale price barometer within Stevendale Hts, the market direction appears to be increasing from $66,000 in 2009 to $70,000 into 2010 or +6%. HOWEVER, the sold price per sq. ft. differences between 2009 and 2010 is approximately a decrease of $8.41/sf, from $61.22/sf to $52.81/sf. AND, keep in mind that the recent foreclosure activity and sheer number of current foreclosures overshadows and emphasizes this decline. 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.
NOTE: Based on Detached Single Family information from the Greater Baton Rouge Association of REALTORS\MLS. This information was extracted on 04/23/2010.
Posted in Agents In Baton Rouge, Baton Rouge Economic News, Baton Rouge Real Estate, Baton Rouge Realtor, Baton Rouge Realtors, Greater Baton Rouge Real Estate News, Real Estate Baton Rouge | Tags: Association Of Realtors, Barometer, Baton Rouge Real Estate News, Decline, Declines, Detached Single Family, Foreclosure Listings, Foreclosures, Greater Baton Rouge, Housing Statistics, Map, Market Direction, Median Sale Price, Median Sales Price, Nar, Outliers, Sheer Number, Solds, Sq Ft | No Comments »
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 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
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.
NOTE: Based on Detached Single Family information from the Greater Baton Rouge Association of REALTORS\MLS. This information was extracted on 04/23/2010.
Posted in Agents In Baton Rouge, Baton Rouge Economic News, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Real Estate, Greater Baton Rouge Divorce Appraisals, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Real Estate Baton Rouge | Tags: Association Of Realtors, Barometer, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Detached Single Family, Foreclosures, Greater Baton Rouge, Housing Statistics, Market Direction, Median Sale Price, Median Sales Price, Nar, Outliers, Solds, Sq Ft, Wedgewood | No Comments »
Gonzales La Real Estate Market Observation: Cross Creek Declines Slightly Into 2010
http://www.ascensionrealestateappraisers.com/ – Gonzales La Real Estate Market Observation: Cross Creek Subdivision Declines Slightly Into 2010
Cross Creek Subdivision Market Direction: Up or Down?
Solds In Cross Creek from 1/1/2009 to 12/31/2009 revealed:
Average Sales Price: $167,654
Average Sold Price Per Sq. Ft.: $117.18/sf
Median Sold Price: $169,000
Number of Sales: 13
Number of Sold REO/Foreclosures Noted In MLS: 0
Solds In Cross Creek from 1/1/2010 to 04/21/2010 reveals:
Average Sales Price: $163,971
Average Sold Price Per Sq. Ft.: $116.79/sf
Median Sold Price: $164,900
Number of Sales: 3
Number of Sold REO/Foreclosures Noted In MLS: 0
CLICK TO ENLARGE
Therefore, based on the median sale price barometer within Cross Creek, the market direction appears to be decreasing from $169,000 in 2009 to $164,900 into 2010 or -2.43%, but only based on 3 sales. However, the sold price per sq. ft. differences between 2009 and 2010 is only $0.39/sf.
Tags: Gonzales La Real Estate, Gonzales La Real Estate Appraisers, Gonzales La FHA Appraisers, Cross Creek Subdivision Gonzales La, 70737, Gonzales La Real Estate Agents, Gonzales La Realtors
Posted in Greater Baton Rouge Divorce Appraisals, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: 163, 70737, Ascension Parish, ascension parish real estate, Barometer, Caption, Cross Creek, Fha, Foreclosures, gonzales la real estate, gonzales la real estate agents, gonzales la real estate appraisers, gonzales la realtors, La Realtors, Market Direction, Market Observation, Median Sale Price, Real Estate Agents, Real Estate Appraisers, Real Estate Market, Solds, Sq Ft | No Comments »
FHA Appraisers Geismar Dutchtown Louisiana Report On Cobblestone Parc 2009 Decline 70734
http://www.ascensionrealestateappraisers.com/ - FHA Appraisers Geismar Dutchtown Louisiana Report On Cobblestone Parc 70734
Housing Market Direction For Cobblestone Parc: Up or Down?
Solds In Cobblestone Parc from 1/2008 to 12/2008 revealed:
Average Sales Price: $255,870
Average Sold Price Per Sq. Ft.: $113.41/sf
Median Sold Price: $245,000
Average Days On Market: 117
Number Of Sales: 5
Solds In Cobblestone Parc from 1/2009 to 12/2009 revealed:
Average Sales Price: $224,475
Average Sold Price Per Sq. Ft.: $105.30/sf
Median Sold Price: $226,500
Average Days On Market: 70
Number Of Sales: 4
Therefore, based on the “median sale price barometer” within Cobblestone Parc, the barometer used by the National Association of Realtors, the market direction declined from 2008 to 2009. The 2008 median sales price declined from $245,000 down to $226,500 in 2009 or -7.55%. However, the from peak in 2008 pricing in 11/2008 at $266,500, the median sales price has declined by -20%. However, this is only based on 4 total sales in 2009 and there are so many different sizes and floor plans of homes in Cobblestone Parc that I doubt the true decline has been as much as -20%.
One of the sales in 2009 was an REO that only sold for $95/sf, which attributed to some of the decline. The 4 2009 Solds went for $95/sf, $103/sf, $106/sf and $117/sf. So, it appears support of the later three sales is $109/sf.
The irony of this situation now in 2010 is that there are 3 current listings for $113/sf, $124/sf and $137/sf, the latter 2 listed far above 2009 market support when the market was in decline. Remember we stated above at 2009 support was $109/sf. Perhaps these homes have extras or upgrades to warrant listing prices that are $15/sf to $28/sf above 2009 support. Not Sure! Buyers: Do Your Homework Here and make sure you don’t pay more than market support!
Bill Cobb, Appraiser – Your Local Greater Baton Rouge Housing “Trust Agent”!
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Appraisers, Association Of Realtors, Barometer, Bill Cobb, Cobblestone, Dutchtown Louisiana, Fha, Floor Plans, Geismar, Greater Baton Rouge, Housing Market, Housing Trust, Market 117, Market Direction, Median Sale Price, Median Sales Price, National Association Of Realtors, Reo, Solds | 1 Comment »
Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009
Housing Market Direction: Up or Down For Homes In The 1950sf to 2400sf, Ages 11-40 Yrs Old, Area 42, Price Range $130,000 to $225,000?
Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -2.4% based on 78 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1950sf to 2400sf, Ages 11-40 years old, MLS Area 42. 78 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).
REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 7.14%. However, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto
http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.
For Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge FHA News, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate Agents | Tags: Activerain, Area 42, Association Of Realtors, Barometer, Baton Rouge Louisiana, Bill Cobb, Gbrar, Greater Baton Rouge, Home Appraisal, Housing Market, Landmines, Market Declines, Market Direction, Median Sale Price, Mls Data, Mls System, National Association Of Realtors, Search Parameters, Sheriff Sales, Solds | No Comments »
Prairieville Louisiana FHA Appraisers Report: Housing Market Declines Some in 2009
http://www.ascensionrealestateappraisers.com/ – Prairieville Louisiana FHA Appraisers Report: Housing Market Declines Some In 2009
Housing Market Direction: Up or Down For Homes In The 1250sf to 1600sf, Ages 4-15 Yrs Old, Area 90?
Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -5.23% based on 143 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1250sf to 1600sf, Ages 4-15 years old, MLS Area 90. 143 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).
REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 4%. However, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto
http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.
For Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Activerain, Appraisers, Association Of Realtors, Barometer, Bill Cobb, Fha, Gbrar, Greater Baton Rouge, Home Appraisal, Housing Market, Landmines, Market Direction, Median Sale Price, Mls Data, Mls System, National Association Of Realtors, Prairieville Louisiana, Search Parameters, Sheriff Sales, Solds | No Comments »
Baton Rouge Real Estate Report: Shenandoah Estates Subdivision
http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Real Estate Report: Shenandoah Estates Subdivision
Housing Market Direction: Up or Down?
Solds In Shenandoah Estates from 1/2007 to 12/2007 revealed:
Average Sales Price: $193,628
Average Sold Price Per Sq. Ft.: $93.62/sf
Median Sold Price: $190,000
Average Days On Market: 81
Number Of Sales: 91
Solds In Shenandoah Estates from 1/2008 to 12/2008 revealed:
Average Sales Price: $200,524
Average Sold Price Per Sq. Ft.: $89.68/sf
Median Sold Price: $205,000
Average Days On Market: 89
Number Of Sales: 68
Solds In Shenandoah Estates from 1/2009 to 12/2009 revealed:
Average Sales Price: $196,030
Average Sold Price Per Sq. Ft.: $89.48/sf
Median Sold Price: $196,500
Average Days On Market: 106
Number Of Sales: 62
Therefore, based on the “median sale price barometer” within Shenandoah Estates, the barometer used by the National Association of Realtors, the market direction increased from 2007 to 2008 but declined from 2008 into 2009. However, the 2009 median sales price at $196,500 is still higher than the 2007 $190,000. The gap between the high and low median sales prices was $15,000. The Aveage Sold Price Per Sq. Ft. only varied $4.14/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit
Posted in Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate News, Estate Appraisers Baton Rouge, Estate Appraisers Greater Baton Rouge, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Accurate Valuations, Appraisers, Association Of Realtors, Barometer, Baton Rouge Real Estate News, Fha, Gap, Greater Baton Rouge, Home Apprasial, Housing Market, Market Direction, Median Sale Price, Median Sales Price, Median Sales Prices, National Association Of Realtors, Real Estates, Shenandoah, Shenandoah Estates, Solds | No Comments »
FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817
http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817
Housing Market Direction: Up or Down?
Solds In Shenandoah Estates from 1/2007 to 12/2007 revealed:
Average Sales Price: $193,628
Average Sold Price Per Sq. Ft.: $93.62/sf
Median Sold Price: $190,000
Average Days On Market: 81
Number Of Sales: 91
Solds In Shenandoah Estates from 1/2008 to 12/2008 revealed:
Average Sales Price: $200,524
Average Sold Price Per Sq. Ft.: $89.68/sf
Median Sold Price: $205,000
Average Days On Market: 89
Number Of Sales: 68
Solds In Shenandoah Estates from 1/2009 to 12/2009 revealed:
Average Sales Price: $196,030
Average Sold Price Per Sq. Ft.: $89.48/sf
Median Sold Price: $196,500
Average Days On Market: 106
Number Of Sales: 62
Therefore, based on the “median sale price barometer” within Shenandoah Estates, the barometer used by the National Association of Realtors, the market direction increased from 2007 to 2008 but declined from 2008 into 2009. However, the 2009 median sales price at $196,500 is still higher than the 2007 $190,000. The gap between the high and low median sales prices was $15,000. The Aveage Sold Price Per Sq. Ft. only varied $4.14/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit http://www.accuratevg.com/
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Real Estate Baton Rouge | Tags: Accurate Valuations, Appraisers, Association Of Realtors, Barometer, Fha, Gap, Greater Baton Rouge, Home Apprasial, Housing Market, Market Direction, Median Sale Price, Median Sales Price, Median Sales Prices, National Association Of Realtors, Shenandoah, Shenandoah Estates, Solds | No Comments »
Baton Rouge Real Estate Appraiser’s Report: Riverbend Subdivision 70820
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate Appraiser’s Report: Riverbend Subdivision 70820
Market Direction: Up or Down?
Solds In Riverbend Subdivision from 1/2007 to 12/2007 revealed:
Average Sales Price: $340,142
Average Sold Price Per Sq. Ft.: $121.89/sf
Median Sold Price: $345,000
Average Days On Market: 68
Number Of Sales: 18
Solds In Riverbend Subdivision from 1/2008 to 12/2008 revealed:
Average Sales Price: $325,374
Average Sold Price Per Sq. Ft.: $121.21/sf
Median Sold Price: $317,400
Average Days On Market: 69
Number Of Sales: 18
Solds In Riverbend Subdivision from 1/2009 to 12/2009 revealed:
Average Sales Price: $333,587
Average Sold Price Per Sq. Ft.: $120.44/sf
Median Sold Price: $330,000
Average Days On Market: 91
Number Of Sales: 13
Therefore, based on the median sale price barometer within Riverbend, the market direction declined from 2007 to 2008 but increased from 2008 into 2009. The gap between the high and low median sales prices was $27,600. However the Aveage Sold Price Per Sq. Ft. only varied $1.45/sf within this 3 year period, which shows a fairly tight, supportive market.
For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit http://www.accuratevg.com/
Posted in Baton Rouge Economic News, Baton Rouge FHA Appraisers, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Accurate Valuations, Barometer, Baton Rouge Real Estate News, Gap, Greater Baton Rouge, Home Apprasial, Market Direction, Median Sale Price, Median Sales Prices, Nbsp, Real Estate Appraiser, Riverbend, Solds | 1 Comment »