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Posts Tagged ‘Baton Rouge Parish’
West Baton Rouge Home Appraisers VIDEO: Missouri Acres Addis Report For 2009-2010
02/16/2011 | 
Author 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 | 
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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 »
Baton Rouge Market Metrics: Homewood Subdivision 2010 Report
http://www.batonrougemarketmetrics.com/ – Baton Rouge Market Metrics: Homewood Subdivision 2010 Report!
Homewood Subdivision is very conveniently located within the 70810 zip code and has home sizes ranging from 1,317sf up to 4,075sf, but most are in the 1,350sf to 1,500sf range. Since January 2007, home sales have ranged from $112,000 up to $178,500 with home sizes from 1,344sf up to 2,366sf. The average home is approximately 45 years old as the first filing was approved by East Baton Rouge Parish Zoning in 1959 with construction of some homes between 1961 to 1970. NOTE: There were no 2009 MLS sales in Homewood to use for comparison purposes in this blog post.
Difficult Appraisal Assignment. I’m currently appraising a home between 2,100sf and 2,200sf because of an addition, which is a very difficult assignment because most homes are 1350sf to 1500sf and the five (5) that sold in Homewood in 2010 were 1,344sf, 1,356sf, 1,364sf, 1,493sf and 1,626sf. These smaller homes mainly sold between $95/sf to $102/sf (1 REO sold or $75/sf). BUT, it would not be correct to compare homes that are 750 sq. ft. smaller than the home I’m appraising to 1,400sf homes. Nor would it be correct for an Agent to take that $95/sf to $102/sf and multiply it by subject’s 2,150sf living area to arrive at a listing price of say, $210,700. This means I have to mainly go outside of Homewood to find comparables, again, making this a very difficult assignment because there aren’t many subdivisions that compare in predominant prices and smaller sizes.
Part of the reason this larger home complicates matters in reporting is that Fannie Mae requires the 1004 MC or Market Conditions form as of March 2009 to be filled out, which reflects the “Sub-Market” comparison data. Sub-Market data would be data on both solds and listings comparable to a 2150sf home in this market, within reason and comparable to Homewood itself. As one can see above in the last 3 months, comparable home sales have plummeted, competing active listings have increased from 5 to now 12 and there’s now a “36″ month supply of competing homes on the market. 1 Year ago, there was only a 4.3 month supply. Can you see how this market is struggling now? However, BASED ONLY ON “1″ SALE IN THE CURRENT 3 MONTH PERIOD, that $160,000 sale reflected an increasing median sales price trend. I wouldn’t call it a new trend based on only 1 sale, but FNMA does and requires me to check the “increasing” property values box. Can you begin to see the difficulty in being a home appraiser within this market and assignment?
Solds In Homewood S/D from 1/2010 to 12/14/2010 revealed:
Average Sales Price: $134,500
Average Sold Price Per Sq. Ft.: $94/sf
Median Sold Price: $134,000
Number of Sales: 5
Average Number of Days On Market: 69
Low To High: $112,000 to $155,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 4, 1 Is A Foreclosure
Current Listings Prices: $124,900 To $270,000
Per GBRMLS, there have been two (2) REO or foreclosures in Homewood.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to December 15, 2010. This information was extracted on 12/15/2010.
Posted in Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Housing Market, Baton Rouge Real Estate | Tags: 45 Years, Appraisal Assignment, Baton Rouge Parish, Comparison Data, Comparison Purposes, East Baton Rouge, East Baton Rouge Parish, Fannie Mae, Market Comparison, Market Metrics, Mls Sales, Reason, Sf 1, Solds, Sq Ft, Zip Code | No Comments »
West Baton Rouge Parish Foreclosure Trends: 2010 Foreclosure Sales At 7 Percent!
http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 7% of sales YTD; 2009 Foreclosures totaled 5%, an increase of +2% since 2009. 4% of all MLS Listings are Foreclosures! Foreclosures are only moderately impacting this market. There’s A Major “Caveat” with the numbers below!
The chart below represents the number of recorded West Baton Rouge Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS as of 10/16/2010, with the exception of Manufactured Housing sales. The GBRMLS Areas for West Baton Rouge Parish is 70.
Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 122 sales. 6 foreclosure sales in 2009 represents only 5% of total sales. In 2010, there have been a total of 115 sales. 8 foreclosure sales in 2010 as of 10/16/2010 represents only 7% of total sales. The projected number of reo / fore closures at end of 2010 is approximately 11.
There’s A Major “Caveat” with the numbers below! Based on a 7% REO sold rate, which does appear to be an indication REOs are only moderately negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed and that the foreclosure problem could be larger if up to 70% of REOs aren’t being listed. MLS is reporting 4 current REO listings for all West Baton Rouge MLS Area 70 out of a total 114 total listings. So, 4% of all West Baton Rouge MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.
Posted in Foreclosure Trends, Greater Baton Rouge Real Estate News, West Baton Rouge Real Estate | Tags: Activerain, Baton Rouge Parish, Caveat, Fore Closures, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Landmines, Manufactured Housing Sales, Mls Area, Mls Listings, Perspective, Real Estate, Reo, Sales Numbers, Search Dates, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baton Rouge Foreclosure Trends: East Baton Rouge 2009 2010 Foreclosure Sales Numbers
http://www.batonrougerealestatetrends.net/ – Baton Rouge Foreclosure Trends: East Baton Rouge 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 12% of sales YTD; 2009 Foreclosures totalled 11%. 7% of all EBR MLS Listings are Foreclosures! Foreclosures are negatively impacting this market. There’s A Major “Cavaet” with the numbers below!
The chart below represents the number of recorded East Baton Rouge Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS, with the exception of Manufactured Housing sales.
Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 3,985 sales. 430 foreclosure sales in 2009 represents only 11% of total sales. In 2010, there were a total of 2,856 sales. 330 foreclosure sales in 2010 as of 9/30/2010 represents only 12% of total sales. The projected number of reo / foreclosures at end of 2010 is approximately 440.
There’s A Major “Cavaet” with the numbers below! Based on a 12% REO sold rate, which does appear to be an indication REOs are negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed. MLS is reporting 203 current REO listings for all EBR MLS Areas out of a total 2,795 total listings. So, 7% of all EBR MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010. 330 REO sales for 2010 was as of 9/30/2010. As of 10/16/2010, there were 339 REO sales.
Tags: Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Foreclosure Rate, Baton Rouge REO Rate, Baton Rouge Foreclosure Study
Posted in Baton Rouge Home Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate Trends, Foreclosure Trends | Tags: Activerain, Baton Rouge Parish, East Baton Rouge, East Baton Rouge Parish, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Housing Market, Landmines, Manufactured Housing Sales, Mls Areas, Mls Listings, Perspective, Real Estate, Reo Sales, Sales Numbers, Search Dates | No Comments »
West Baton Rouge Parish Residential Building Permits Charting From 2000 Through September 2010
http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Residential Building Permits Charting From 2000 Through September 2010
The West Baton Rouge Parish Residential Building Permit Data Through September 2010 has been released. See the results above for actual residential building permits less those permits issued for additions or remodeling projects. In 2008, there were a total of 146, in 2009 131 and in 2010 year-to-date, there have already been 136 through September 2010. If this pace continues through 2010, there should be 181 permits issued, which will be better than both 2008 and 2009. The above data represents the number of total residential buildings, not necessarily the number of units. For example, in 2008, the U.S. Census Bureau shows that 284 total units were permitted, but only 146 residential buildings permitted.
RESIDENTIAL BUILDING PERMIT CHARTS FROM YEARS 2000 TO 2010 YEAR-TO-DATE (Sept. 2010) NOTE: Does Not Include Permits For Additions or Remodeling!
Source: U.S. Census Bureau and Chad Calder with The Advocate Newspaper
Note: The Latest Greater Baton Rouge Residential Building Permits News is here below:
Tags: West Baton Rouge Parish, West Baton Rouge Buiding Permit Data, West Baton Rouge Buiding Permit Charts, West Baton Rouge Buiding Permit Graphs, Port Allen Building Permit Data
Posted in Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Realtor, Baton Rouge Realtors, Real Estate Baton Rouge, Residential Building Permits | Tags: Additions, Advocate, Baton Rouge Parish, Building Permit, Building Permits, Census Bureau, Chad, Charting, Charts Graphs, Greater Baton Rouge, Pace, Remodeling Projects, Residential Building, Residential Buildings, U S Census, U S Census Bureau, West Baton Rouge, West Baton Rouge Parish, Year To Date | No Comments »
Baton Rouge High End Homes Market September 2010 Better Than Expected!
http://www.batonrougerealestatetrends.net/ – Baton Rouge High End Homes Market September 2010 Better Than Expected!
High End Homes Market Appears Near Solid Support, Most Solid Within East Baton Rouge Parish. From 9/1/08 to 9/30/09, MLS reports 298 sales versus 294 sales 9/1/09 to 9/30/10, which is only a decrease of -4 sales or -1.3%. Average Sold Price for the 2009/2010 period is $539,650 compared to $548,036 for the 2008/2009 period. Median Sold Price for the 2009/2010 period is $500,000 compared to $495,700 for the 2008/2009 period. Average sold price per sq. ft. is $157.89/sf versus $159.43/sf for the 2008/2009 period. Average days on the market is 122 days versus 140 days in the 2008/2009 period. So, while the average sold price per sq. ft. is down $1.54/sf, and average sold price is down approx. $8,400, the median sales price has increased by $4,300 and the days on the market has improved.
Yes, There Are Certainly Exceptions! Copper Mill in Zachary is one example where the average sold prices were $161/sf in 2007, $158/sf in 2008, $157/sf in 2009 and $147/sf in 2010 based on 13 sales. That’s a $10/sf drop since 2009. Plus, the days on the market for the 13 sales were: 336, 850, 20, 274, 4, 393, 252, 1082, 50, 344, 197, 54 and 2. Renaissance in Prairieville is another example where the average sold prices were $137/sf in 2007, $141/sf in 2008, $133/sf in 2009 and $129.24/sf in 2010 based on 7 sales. That’s a -$4/sf difference between 2009 and 2010. And, MLS reports the average days on the market were 417 in 2009 and 252 in 2010. Actually, upon closer examination of total days on market, the actual continuous days on market were: 231, 1, 4, 561, 692, 1025 and 302. Greystone Golf in Denham Springs has only had 2 sales in 2010 averaging $142/sf and 6 sales in 2009 averaging $146/sf, a $4/sf decline. NOTE: For this paragraph, this includes all price ranges within these high end subdivisions.
High End Homes Market Absorption Rate Appears To Be Improving! The numbers of high end home listings has declined just slightly from 445 for September 2009 and 424 for September 2010. In September 2009, the Months Inventory showed 23.42 months. In September 2010, the Months Inventory showed 21.2 months and in August 2010 it was 19.4 months. Certainly, the market for homes requiring “Jumbo” loans remains slower in the overall Greater Baton Rouge market.
High End Homes Market NOTE: Parameters were $400,000 to $1,000,000, all price ranges within ASC, EBR, LIV and WBR for Property Types: DSF, ASF, PRC and PRA.
NOTE: Data For The September 2010 GBRAR MLS Report is used with permission of the GBRMLS from dates stated above and from 1/1/2008 through 9/30/2010.
Posted in Baton Rouge Economic News, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Housing Market | Tags: Baton Rouge Parish, Continuous Days, Copper Mill, Decline, Denham Springs, East Baton Rouge, East Baton Rouge Parish, Exceptions, Median Sales Price, Mls Reports, Paragraph, Period Average, Renaissance, Sq Ft, Zachary | No Comments »
Baton Rouge Real Estate Appraisers: Baton Rouge Home Sales At 11 Year Low
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Home Sales Numbers At 11 Year Low
The Baton Rouge Business Report is reporting on a National Assocation of Realtors housing study “U.S. Home Sales Plunge To 15-Year Low” and I quote: “Sales of previously occupied homes fell to the lowest level in 15 years last month as the economy weakened. The National Association of Realtors says July’s sales fell by more than 27% to a seasonally adjusted annual rate of 3.83 million. It was the largest monthly drop on records dating back to 1968. June’s sales pace was revised downward to 5.26 million. Home sales picked up in the spring when the government was offering tax credits. But the market has struggled since the tax credits expired on April 30. It would take 12.5 months to sell off the 4 million unsold homes on the market at the current sales pace. The median sale price was $182,600, up 0.7 percent from a year ago.”
While the NAR study covers the entire U.S., how does the local Baton Rouge housing sales numbers compare? The answer is that I see a similar trend. Within the Greater Baton Rouge Association of Realtors data extracted from 1999 through August 24, 2010, covering almost 12 total years, for all of East Baton Rouge Parish itself, the lowest yearly rate of home sales has been in 2010 with 2,032 year-to-date. If this pace of home sales continues, 2010 projections will total 3,048 sales, the lowest within the 12 year period.
What about a monthly sales numbers comparison? This comparison leads to the same conclusion. The two lowest monthly housing sales periods in East Baton Rouge since our MLS began tracking the numbers in 1999 have taken place in 2010, see chart.
HOWEVER,
I want to responsibly point out that just because the “number” of home sales have been declining in 2010 doesn’t mean the “housing prices” are equally declining significantly! And, this is an important point. As a home appraiser, the one thing I hear from local homeowners is a misunderstanding of the local market. They say things to me like, “I know this is a horrible time to be refinancing and getting an appraisal with the housing market the way it is, but we just couldn’t pass up the low mortgage rate”. I hear this constantly from locals and you can’t watch the national news and apply that to our local market. Linda Fredericks, former President of the Greater Baton Rouge Association of Realtors, is correct when she delivered the message that housing marketings are “local” and you can’t apply the national news headlines to a one size fits all local housing market!
Take The Baton Rouge Business ReportPoll: When will the U.S. housing market recover? So far results are:
NOTE: Data Used With Permission of the GBRAR MLS. Data was extracted on 8/24/2010 from periods 1/1/1999 through 8/24/2010.
Tags: Baton Rouge Economic Report, Baton Rouge Homes For Sale, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Agents, Baton Rouge Realtors
Posted in Baton Rouge Real Estate Appraisal | Tags: 5 Months, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Business Report, Current Sales, East Baton Rouge, Greater Baton Rouge, Home Appraiser, Home Sales Plunge, Housing Sales, Important Point, Median Sale Price, National Assocation Of Realtors, National Association Of Realtors, Real Estate Appraisers, S Sales, Sales Numbers, Sales Pace, U S Home | 1 Comment »
Denham Springs Home Appraisers: Woodland Crossing Mid Year 2010 Housing Report
http://www.appraisersindenhamsprings.com/ – Denham Springs Home Appraisers: Woodland Crossing Mid Year 2010 Housing Report
Solds In Woodland Crossing from 1/2009 to 7/3/2010 revealed:
Average Sales Price: $149,374
Average Sold Price Per Sq. Ft.: $92/sf
Median Sold Price: $147,150
Number of Sales: 110
Low To High: $99,900 to $210,000
Number of Sold REO/Foreclosures Noted In MLS: 7
Current # Listings: 31, 2 Are Foreclosures
Current Listings Prices: $129,500 To $199,900
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 18 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal 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
Data Used With Permission of the GBRAR MLS. Data was extracted on 7/3/2010 from periods 1/1/2009 through 7/3/2010.
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: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Baton Rouge Parish, Bill Cobb, Company Valuations, Denham Springs, East Baton Rouge, Gbrar Mls, Home Appraisal, Home Appraiser, Home Appraisers, Livingston Parish, Mls Data, Property Values, Real Estate Investors, Solds, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Brusly La Home Appraisers Photos From The Field: New Construction on Live Oak Drive
http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Brusly Louisiana Home Appraisers Photos From The Field: New Construction on Live Oak Drive
This home (above) on Live Oak Drive is listed for $225,000 for 1,811sf or $124.24 and is under contract or pending. This home has 3 bedrooms and 2 bathrooms.
This is a newer home on Live Oak Drive. According to the West Baton Roue Assessor’s Qualified Sales, this home sold for $195,000 for 1,634sf or $119.34/sf, closed 12/23/2009.
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: Bathrooms, Baton Rouge Parish, Bedrooms, Brusly La, Brusly Louisiana, Home Appraisers, Live Oak, New Construction, Photos, Roue, West Baton Rouge, West Baton Rouge Parish | No Comments »