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Posts Tagged ‘Baton Rouge Real Estate Appraisers’

Baton Rouge Real Estate Trends

Home Sales Report For Week of April 22, 2011 Greater Baton Rouge

http://www.batonrougerealestatebuzz.com/ – Greater Baton Rouge Housing Update For Week of April 22, 2011 (From April 16-22, 2011).  This report covers the primary four (4) Parishes that make up Greater Baton Rouge Real Estate.

baton-rouge-mls-map

 

ASCENSION PARISH

SOLDS:

5 from $67,000 to $229,900, Average Sales Prices $168,180 or $99.98/sf, Median Sales Price $185,000, Average Days On Market 41.  

LISTINGS:

Currently Actives Total: 744 $234,268 Average Listing Price and Median Price $198,200.

Currently Pending: 246 $194,128 Average Listing Price and Median Price $174,975.

New Listings: 40 With Average Listing Price of $195,992, Median Listing Price of $169,900

Pending Listings: 39 With Average Listing Price of $202,851, Median Listing Price of $189,000

Withdrawn Listings: 13 With Average Listing Price of $259,753, Median Listing Price of $224,900

Expired Listings: 7 With Average Listing Price of $155,673, Median Listing Price of $129,000

EAST BATON ROUGE PARISH

SOLDS:

42 from $21,900 to $575,000, Average Sales Prices $222,343 or $102.28/sf, Median Sales Price $187,000, Average Days On Market 123. 

LISTINGS:

Currently Actives Total: 2695 $247,876 Average Listing Price and Median Price $176,900.

Currently Pending: 613 $209,906 Average Listing Price and Median Price $167,900.

New Listings: 133 With Average Listing Price of $220,158, Median Listing Price of $175,000

Pending Listings: 102 With Average Listing Price of $203,939, Median Listing Price of $169,450

Withdrawn Listings: 18 Average Listing Price $184,066, Median Listing Price of $142,500

Expired Listings: 23 With Average Listing Price of $468,832, Median Listing Price of $214,900

 

 

WESTERN LIVINGSTON PARISH

SOLDS:

19 from $22,500 to $448,000, Average Sales Prices $124,242 or $74.59/sf, Median Sales Price $89,000, Average Days On Market 74.

LISTINGS:

Currently Actives Total: 778 $193,809 Average Listing Price and Median Price $159,900.

Currently Pendings: 171 $151,976 Average Listing Price and Median Price $148,000.

New Listings: 37 With Average Listing Price of $186,735, Median Listing Price of $153,900

Pending Listings: 21 With Average Listing Price of $159,738, Median Listing Price of $146,900

Withdrawn Listings: 15 Average Listing Price $162,826, Median Listing Price of $147,500

Expired Listings: 17 With Average Listing Price of $170,894, Median Listing Price of $167,900

 

 

WEST BATON ROUGE PARISH

SOLDS:

1 for $179,700 or $127/sf, Median Sales Price $179,700, Average Days On Market 267.

LISTINGS:

Currently Actives Total: 109 $196,436 Average Listing Price and Median Price $186,300.

Currently Pending: 21 $186,897 Average Listing Price and Median Price $185,900.

New Listings: 3 Average Listing Price of $204,900, Median Listing Price of $134,900

Pending Listings: 2 Average Listing Price of $175,900, Median Listing Price of $175,900

Withdrawn Listings: 1 Average Listing Price $49,900, Median Listing Price of $49,900

Expired Listings: 1 With Average Listing Price of $195,000, Median Listing Price of $195,000

 

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April, 16, 2011 to April 22, 2011. This information was extracted on 04/23/2011.

 

 

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/

Baton Rouge Real Estate Trends

Baton Rouge FHA Home Appraiser, Bill Cobb, Creates A Geographical Competency Map

http://www.batonrougerealestateappraisal.com/ – Baton Rouge FHA Home Appraiser, Bill Cobb, Creates A Geographical Competency Map

Baton Rouge Home Appraiser, Bill Cobb, with Accurate Valuations Group, recently created a geographical competency map showing the main concentration of appraisal assignments since 2001.  Although Bill has been appraising homes since 1991, only the current data from 2001 forward was used for the map below.

CLICK TO ENLARGE

Baton Rouge Real Estate Trends

Baton Rouge Real Estate: Preparing Your House For Home Appraiser – The Interior Inspection

http://www.batonrougerealestateappraisal.com/ – Preparing Your Greater Baton Rouge Home For Home Appraiser – The Interior Inspection.   In this video, Baton Rouge Home Appraiser, Bill Cobb, discusses how  to prepare your home for the appraiser’s visit.

Baton Rouge Real Estate Trends

Baton Rouge FHA Appraiser Appraises Zeeland Place 70808

Baton Rouge FHA Home Appraisers

Baton Rouge FHA Appraiser Appraises Zeeland Place 70808

baton-rouge-la-fha-home-appraisers

 

Solds from 01/01/2008 to 04/25/2009 reveal:  

Average Sales Price: $212,088

Average Sold Price Per Sq. Ft.: $125.10/sf

Median Sold Price: $209,350

Low Sales Price: $161,000

High Sales Price: $265,000

Average # of Days On Market: 72 Days On Market

# of Sales: 8

Baton Rouge Real Estate Trends

New Rules To Change How Greater Baton Rouge Homes Are Appraised

http://batonrougerealestateappraisal.com/ -   New Rules To Change How Greater Baton Rouge Homes Are Appraised

tv

Baton Rouge Real Estate Trends

Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809

Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809  – http://batonrougerealestateappraisal.com/

Westminster Place / Pine Park Subdivisions Map

Westminster Place / Pine Park Subdivisions Map

Pine Park Subdivision: Solds $252,900K to $275K, 2 sales since 1/1/08, avg size 2,559sf, avg sold price $103.53/sf, median sales price $264K, List-Sales Ratio: 96.12%.

An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $251,600
Average Sold Price Per Sq. Ft.: $92.83
Median Sold Price: $215,000
Low Sales Price: $199,900
High Sales Price: $339,900
Average # of Days On Market: 20
# of Sales: 3

An MLS CMA of this Subdivision from 01/01/2008 to 01/17/2009 reveals: 
Average Sales Price: $263,950
Average Sold Price Per Sq. Ft.: $103.53
Median Sold Price: $263,950
Low Sales Price: $252,900
High Sales Price: $275,000
Average # of Days On Market: 37
# of Sales: 2

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pine Park Subdivision, the market direction appears to be increasing.   However, it’s difficult to draw a conclusion based on only 3 sold sin 2007 and 2 solds in 2008.   So, this data may not be totally reliable for a trend conclusion.   Pine Park data used with the permission of the Greater Baton Rouge Board of Realtors.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values.  A home appraiser with 17 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

fastvalue2@cox.net

Baton Rouge Pre-Listing Appraisals

Home Appraisers

Baton Rouge Real Estate Trends

The Lakes At Highland Update, Baton Rouge Real Estate Market Update

http://batonrougerealestateappraisal.com/ - The Lakes At Highland Update, Baton Rouge Real Estate Market Update

The Lakes At Highland Subdivision Baton Rouge Louisiana 70810

The Lakes At Highland Subdivision Baton Rouge Louisiana 70810

The Lakes At Highland (LAH) is a high-end residential development in the highest price zip code within the Baton Rouge marketing area.   Home prices within LAH are generally in the $350K to approx. $750K range with a median sales price since 11/03/2007 of $472,000.

Solds From Within The Lakes At Highland Subdivision from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $492,625
Average Sold Price Per Sq. Ft.: $158.34
Median Sold Price: $478,250
Low Sales Price: $375,500
High Sales Price: $685,000
Average # of Days On Market: 70
# of Sales: 12

Solds From Within The Lakes At Highland Subdivision from 01/01/2008 to 01/10/2009 reveals: 
Average Sales Price: $473,938
Average Sold Price Per Sq. Ft.: $159.49
Median Sold Price: $498,500
Low Sales Price: $356,000
High Sales Price: $575,000
Average # of Days On Market: 42
# of Sales: 8

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within subdivision, the market direction appears to be increasing to remaining stable/steady.   Stable/Steady was chosen as a result of the large # of competing homes on the market.    

The Average Sales Price has decreased by -$18,687.   This could be due to the fact that there were 2 sales in the first period in 2007 in the $655,000 to $685,000 plus range.   These higher sales would have worked to skew the numbers in the second period where the sales were up to $575,000.

Median Sales Price has increased by +$20,250. 

Average Sold Price Per Sq. Ft. has increased by +$1.15/sf.

The Lakes At Highland Subdivision Data Is Used With The Permission Of The Greater Baton Rouge Board Of Realtors.

 

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values.  A home appraiser with 17 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

fastvalue2@cox.net

http://gbrreocount.info/ 

House Appraisers

Baton Rouge Real Estate Trends

Senate OKs $15,000 Bonus for Greater Baton Rouge Home Buyers

http://batonrougerealestateappraisal.com/ – Senate OKs $15,000 Bonus for Greater Baton Rouge Home Buyers

Federal Government $15,000 Bonus Incentive

Federal Government $15,000 Bonus Incentive

Housing could get a big boost from the latest addition to the mammoth stimulus bill working its way through Congress.

Senate legislators unanimously approved a proposal Wednesday that would allow a tax credit for home buyers of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break but only for first-time homebuyers.

“It is time to fix housing first,” said Sen. Johnny Isakson, R-G.

Isakson’s office said the proposal would cost the government an estimated $19 billion. In all, the stimulus is now topping an estimated $920 billion.

In an op-ed that appears in Thursday’s Washington Post, President Barack Obama painted a dire picture if Congress fails to move quickly to pass the stimulus bill.

“This recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse,” Obama wrote in the op-ed titled, “The Action Americans Need.”

Source: The Associated Press, David Espo (02/05/09)

Baton Rouge Real Estate Trends

Baton Rouge Ranks 10th For Annual Economic Growth Out Of 88 Total Markets

http://batonrougerealestateappraisal.com/ – Baton Rouge Ranks 10th For Annual Economic Growth Out Of 88 Total Markets

Baton Rouge Employment
Baton Rouge Employment

“An analysis of the country’s 88 biggest labor markets found that Baton Rouge had the 10th largest growth over the past year. The Capital Region added 4,000 jobs from December 2007 to December 2008, according to a Bizjournal.com analysis of federal employment statistics. Just 15 cities added jobs over the past year, with Houston growing the most with 57,300 new positions. Dallas-Fort Worth was second, with 43,300 more jobs and New Orleans ranked sixth with 6,600 additional jobs. New York was the biggest loser, shedding 120,300 jobs. Overall, 1.18 million jobs were lost in the major labor markets.”

As Quoted From Source: Baton Rouge Business Report Daily

Baton Rouge Real Estate Trends