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Posts Tagged ‘Fha’
Baton Rouge Housing: 2010 Foreclosures Do Hurt Local Markets
01/06/2011 | 
Author http://www.batonrougemarketmetrics.com/ – Baton Rouge Housing: 2010 Foreclosures Do Hurt Local Markets! Greenwood Estates Median Sales Price Dives by 28.7% In 2010 Due To Three Foreclosures! The 2009 median sales price was $148,000, 2010 was $105,500!
Solds In Greenwood Estates Subdivision from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $111,483 ($147,833 in 2009 or -24.59%)
Avg Sold $ Per Sq. Ft.: $64.07/sf ($89.31/sf in 2009 -28.26%)
Median Sold Price: $105,500 ($148,000 in 2009 -28.7%)
Number of “MLS” Sales: 6 (3 in 2009)
Average Number of Days On Market: 136 (218 in 2009)
Low To High: $64,000 to $159,900
Number of Sold REO/Foreclosures Noted In MLS: 3
Current # Listings: 4, 0 Foreclosures, 1 Third Party Listing
Current Listings Prices: $127,900 to $149,000 or $78/sf to $90/sf.
So, in Greenwood Estates in 2010, it safe to state that Foreclosures Are A Part Of The 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 1/5/2011. Yes, this appraiser does have the permission of the GBRAR MLS to use the chart above.
Tags: Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends,
Posted in Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Trends Baton Rouge Real Estate | 
Tags: Association Of Realtors, Avg, Baton Rouge Real Estate News, December 31, Dives, Fha, Foreclosures, Gbrar Mls, Greater Baton Rouge, Greenwood Estates, Home Appraisers, Housing Market, January 1, Local Markets, Median Sales Price, Mls Sales, Real Estate Trends, Reo, Solds, Sq Ft | 
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FHA Appraisers In Ascension Parish: The Lakes At St Amant Sudivision 2010 Price Trends
http://www.ascensionrealestateappraisers.com/ – FHA Appraisers In Ascension Parish: The Lakes At St Amant Sudivision 2010 Price Trends. Overall lower indicators based on a continued market correction from post Hurricane Katrina 2007 Highs. In 2007, the average sales price was $221,000 and in 2010 it was $206,181! In 2010 as compared to 2009, the Average Sales Price is down 3.4%, Median Sales Price is down 5.6% and Average Sold Price Per Sq. Ft. is down 5.9%.
Solds In The Lakes At Saint Amant Subdivision from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $206,181 ($213,317 in 2009 or -3.35%)
Avg Sold $ Per Sq. Ft.: $96.36/sf ($102.41/sf in 2009 -5.9%)
Median Sold Price: $203,900 ($215,950 in 2009 -5.6%)
Number of “MLS” Sales: 9 (6 in 2009)
Average Number of Days On Market: 150 (101 in 2009)
Low To High: $191,000 to $229,900
Number of Sold REO/Foreclosures Noted In MLS: 1 Short Sale
Current # Listings: 2, 1 Is A Foreclosure
Current Listings Prices: $149,000 to $235,000 or $75/sf to $98/sf.
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 1/3/2011. Yes, this appraiser has obtained permission from GBRAR MLS to use the above pricing chart!
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Greater Baton Rouge Divorce Appraisals, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Appraisers, Association Of Realtors, Avg, December 31, Fha, Foreclosure, Foreclosures, Greater Baton Rouge, Hurricane, January 1, Median Sales Price, Mls Sales, Price Trends, Reo, Saint Amant, Solds, Sq Ft, St Amant | No Comments »
Ascension Parish FHA Appraisers: Ronda Place Subdivision 2010 Home Sales Price Trends
http://www.ascensionrealestateappraisers.com/ – Ascension Parish FHA Appraisers: Ronda Place Subdivision 2010 Home Sales Price Trends. There were two (2) MLS sales and two (2) FSBO Sales in 2010. Overall sales prices are still increasing into 2011.
Home On Ronda Avenue
Solds In Ronda Place Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $157,950 ($144,967 in 2009)
Average Sold Price Per Sq. Ft.: $96.79/sf ($89.87/sf in 2009)
Median Sold Price: $157,950 ($149,900 in 2009)
Number of “MLS” Sales: 2 (3 in 2009)
Average Number of Days On Market: 37 (233 in 2009)
Low To High: $156,000 to $159,900
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 2, 1 Is A Foreclosure $116,900
Current Listings Prices: $116,900 to $199,900 or $75/sf to $81/sf.
The $116,900 listing on Aimee Drive has 1,566sf living area. The $199,900 lisitng is “contingent” or under contract with the buyer’s home waiting to sell and has 2,472sf living area.
LEGAL NEWS REPORTS 4 SALES. For Ronda Place Subdivision, Legal News reports four (4) total sales, two (2) FSBO Sales. Legal News reports that 17254 Eric Dr sold for $165,000 in February 2010. MLS history reports this home has 1,616sf 6/3/2 built in 1982 with a large 25×22 Workshop. So, this home sold for $102.10/sf.
Legal News also reports a sale of one of the smaller garden homes fronting Hwy 929 for $121,500 in November 2010, Lot 67-B. MLS History states this home to be 17230 La Hwy 929 having 1,200sf with 2 bedrooms, 1 bathroom and last sold for $99,900 in 12/2005. So, this home sold for $101.25/sf approximately. I use the word “approximately” because MLS uses the even “1200″ sf, meaning that the home might not even have been measured for the listing, which is a disturbing trend I’m seeing more of in Greater Baton Rouge Real Estate.
This is the Foreclosure Listing on Aimee Drive!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends,
Posted in 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, Trends Baton Rouge Real Estate | Tags: Appraisers, Ascension Parish, Baton Rouge Real Estate News, Bedrooms, Fha, Foreclosure Listing, Foreclosures, Fsbo, Greater Baton Rouge, Home Sales Price, Legal News, Lot, Median, Mls Sales, Price Trends, Rea, Reo, Ronda, Solds, Sq Ft | No Comments »
Baton Rouge Homes: Millbrook Subdivision 2010 Home Sales Price Trends
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Homes: Millbrook Subdivision 2010 Home Sales Price Trends
Solds In Millbrook Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $229,300 ($254,000 in 2009)
Average Sold Price Per Sq. Ft.: $125.23/sf ($120.97/sf in 2009)
Median Sold Price: $235,000 ($254,000 in 2009)
Number of Sales: 3 (2 in 2009)
Average Number of Days On Market: 109 (100 in 2009)
Low To High: $215,000 to $238,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Price: $226,000 or $128/sf (Notice this listing is generally priced $7/sf above 2010 support in Millbrook)
For the numbers above, one must keep in mind the sizes of the homes sold. In 2009, there were 2 homes sold averaging 2,103sf living area size. The 3 2010 solds averaged 1,831sf, 272sf smaller than the 2009 solds. Thus, it would make sense for the 2009 median sales price to be higher.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends,
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate | Tags: Association Of Realtors, Baton Rouge Real Estate News, December 31, Estate Appraisers, Fha, Foreclosures, Gbrmls, Greater Baton Rouge, Homes Sold, Housing Market, January 1, Median Sales Price, Mls, Nbsp, Price Trends, Real Estate Trends, Reo, Sq Ft, Would Make Sense, Www Homes | No Comments »
Baton Rouge Housing Trends: Shenandoah Hills Subdivision 2010 Home Prices Increase
http://www.batonrougerealestateappraisers.net/ – Baton Rouge Housing Trends: Shenandoah Hills Subdivision 2010 Home Prices Increase!
Solds In Shenandoah Hills Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $146,357 ($133,260 in 2009)
Average Sold Price Per Sq. Ft.: $108.12/sf ($99.34/sf in 2009)
Median Sold Price: $149,500 ($132,500 in 2009)
Number of Sales: 7 (5 in 2009)
Average Number of Days On Market: 44 (48 in 2009)
Low To High: $129,900 to $152,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 3, 0 Are Foreclosures
Current Listings Price: $140,900 to $150,900 or $105 to $113/sf
The Median Sales Price has increased from $132,500 in 2009 and $144,000 in 2008 to $149,500 in 2010.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends,
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Divorce Appraisal, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Housing Market | Tags: Association Of Realtors, Baton Rouge Real Estate News, December 31, Estate Appraisers, Fha, Foreclosures, Gbrmls, Greater Baton Rouge, Housing Market, January 1, Median Sales Price, Mls, Nbsp, Price Trends, Real Estate Trends, Reo, Shenandoah, Shenandoah Hills, Sq Ft, Trends Report | No Comments »
Baton Rouge Real Estate: Camelot Subdivision 2010 Home Price Trends Declining
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate: Camelot Subdivision 2010 Home Price Trends Declining
Solds In Camelot Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $180,949 ($184,741 in 2009)
Average Sold Price Per Sq. Ft.: $74.83/sf ($76.49/sf in 2009)
Median Sold Price: $181,500 ($189,000 in 2009)
Number of Sales: 6 (11 in 2009)
Average Number of Days On Market: 117 (133 in 2009)
Low To High: $140,000 to $228,000
Number of Sold REO/Foreclosures Noted In MLS: 2
Current # Listings: 1, 1 Is A Foreclosure
Current Listings Price: $148,000 or $64/sf
The Median Sales Price has declined from $189,000 in 2009 to $181,500 in 2010. The Average Sold Price Per Sq. Ft. has declined from $76/sf in 2009 to $75/sf in 2010 (rounded)!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends, Camelot
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Divorce Appraisals, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers | Tags: Association Of Realtors, Baton Rouge Real Estate News, Camelot, December 31, Estate Appraisers, Fha, Foreclosure Listings, Foreclosures, Gbrmls, Greater Baton Rouge, Home Price Trends, Housing Market, January 1, Market 117, Median Sales Price, Real Estate Trends, Reo, Solds, Sq Ft, Trends Report | No Comments »
Ascension Parish Home Appraisers: Quail Creek Subdivision Numbers Improve in 2010!
http://www.ascensionrealestateappraisers.com/ – Ascension Parish Home Appraisers: Quail Creek Subdivision Numbers Improve in 2010! While the number of home sales is down 54%, the average sales price, median sales price and average sold price per sq. ft. are all up in 2010 based on 6 sales. 
I’m currently working on a refinance appraisal on Lakeland Avenue in Quail Creek Subdivision and found the numbers below rather interesting.
Solds In Quail Creek from 1/2010 to 12/1/2010 revealed:
Average Sales Price: $284,383 ($241,281 in 2009)
Average Sold Price Per Sq. Ft.: $117.14/sf ($113.42/sf in 2009)
Median Sold Price: $285,200 ($250,000 in 2009 based on 13 sales)
Number of Sales: 6 (13 in 2009)
Average Number of Days On Market:131
Low To High: $217,900 to $350,000 (Sizes Vary from 1,790sf to 3,292sf)
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 4, 0 Are Foreclosures
Current Listings Prices: $225,000 To $309,900
NOTE: The GBRMLS Chart has not been updated and only includes “4″ of the “6″ sales taken place.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 1, 2010. This information was extracted on 12/01/2010.
Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate Buzz, Greater Baton Rouge Real Estate, Quail Creek, Ascension Parish Real Estate, 70769
Posted in Ascension Parish Real Estate News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: ascension parish real estate, Association Of Realtors, Baton Rouge Real Estate News, Buzz, Current, Fha, Foreclosures, Greater Baton Rouge, Home Appraisers, Housing Market, January 1, Lakeland, Median Sales Price, Mls, Quail, Real Estate Appraisers, Reo, Solds, Sq Ft | 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 »
Denham Springs South Point Subdivision Least and Most Expensive Home Sales In 2010
http://www.southpointappraiser.com/ – Denham Springs South Point Subdivision Least and Most Expensive Home Sales In 2010
It’s almost the halfway mark into 2010, June. So far into 2010, what were the lowest and highest home sales prices? In South Point in 2010, there have been 19 sales from $120,200 up to $198,500.
LOWEST HOME SALES PRICE IN SOUTH POINT IN 2010
The lowest sales price was at 23938 Teakwood Dr, a home I inspected for an REO or Foreclosure Appraisal. This home sold 2/19/2010 for $120,200 or $81.77/sf. It has 1,470sf living area with 3 bedrooms and 2.5 bathrooms.
HIGHEST HOME SALES PRICE IN SOUTH POINT IN 2010
The highest sales price was at 23750 Rosemont Dr. This home sold 5/28/2010 for $198,500 or $81.42/sf, the price reported in MLS (see corrected price below). It has 2,438sf living area with 4 bedrooms, 3 bathrooms and an expensive “Gunite” swimming pool. NOTE: The seller paid $6,000 in concessions or had to pay the buyer $6,000 to buy their home from them. Because the seller received $6,000 less at the closing table than $198,500, the actual sales price that an appraiser will use is $198,500 minus $6,000 for $192,500 or $78.96/sf. The GBRAR MLS reports gross sales price without correctly and automatically deducting seller paid concessions. However, appraisers do deduct seller paid concessions and now FHA is very wisely implementing new rules to strictly limit seller paid concessions on their deals.
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: 192, Appraisers, Bathrooms, Bedrooms, Concessions, Denham Springs, Fha, Foreclosure Appraisal, Gross Sales, Gunite Pool, Gunite Swimming Pool, Home Sales Price, Mls Reports, Reo, Rosemont, Teakwood | 1 Comment »
How is the Baton Rouge Real Estate Westdale Terrace 70808 Market Performing in 2010?
http://www.batonrougehomeappraisal.com/ – How is the Baton Rouge Real Estate Westdale Terrace 70808 Market Performing in 2010?
I recently performed a “Pre-Listing” home appraisal in Baton Rouge’s Westdale Terrace and the homeowner was saying what a bad time in the local real estate market to be trying to sell a home. I was scratching my head wondering if this homeowner had been watching the CBS News and applying what’s taking place in the national housing market to the local Baton Rouge Real Estate market, which would be a mistake. So, on May 10, 2010, I ran the numbers in the GBRAR MLS based on similar slab homes in Zip Codes 70806 and 70808, 1400sf to 1800sf, 3 bedrooms and with a 3 miles of Westdale Terrace. The results are below.
What I found is that YES, the median sales price is down -3.62% since February 2009 when the median sales price was $191,957, now $185,000. However, since May 2009 when the median sales price was $176,000, the February 2010 median sales price is $185,000, which is a +5.1% increase! YES, the last competing sales in this market were in February 2010, which shows a “stable market” and / or slower home sales. Also, within Westdale Terrace, homes are remaining on the market longer, which could also be too high of priced listings.
Tags: Baton Rouge, Baton Rouge Real Estate, Real Estate Baton Rouge, 70808, Westdale Terrace, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisers
Posted in Agents In Baton Rouge, Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Housing Market, Baton Rouge Real Estate, Real Estate Baton Rouge | Tags: Bad Time, Baton Rouge Real Estate News, Bedrooms, Cbs, Cbs News, Fha, Gbrar, Home Appraisal, Home Appraisers, Housing Market, Local Real Estate, Local Real Estate Market, Median Sales Price, Mistake, National Housing, Real Estate Appraisers, Real Estate Market, Real Estate Real Estate, Stable Market, Zip Codes | No Comments »