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Baton Rouge Real Estate Trends

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 gonzales la real estate

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.

cross creek gonzales la real estate (1)

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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

Denham Springs FHA Appraisers: Denham Springs Real Estate Video Update Through March 2010

http://www.denhamspringsappraisers.com/ – Denham Springs FHA Appraisers: Denham Springs Real Estate Video Update Through March 2010

denham springs housing update 2010

In this video, Realtor and Broker, Tony Zito, delivers the Denham Springs housing market update from 1/1/2010 through 4/2/2010.

 


Baton Rouge Real Estate Trends

Central Louisiana 70739 FHA Home Appraisers

http://www.batonrougerealestateappraisal.com/ – Central Louisiana 70739 FHA Home Appraisers: Amber Lakes March 2010 Report

In 2009 For Amber Lakes, There Were 4 Sales With A Median Sales Price was $191,400, Average Sold Price $121/sf, Average Days On Market 234 days. In 2010, There Have Been 3 Sales With A Median Sales Price Of $203,000, Average Sold Price $122/sf, Average Days On Market 86 days.

Baton Rouge Real Estate Trends

Gonzales Louisiana FHA Appraisers: Ascension fastest growing parish in state

http://www.ascensionrealestateappraisers.com/ – Gonzales Louisiana FHA Appraisers: Ascension Fastest Growing Parish In State of Louisiana

The Ascension Weekly Citizen Online is reporting Ascension Parish is the fastest growing Parish in the State of Louisiana. Their article is posted here and here’s a snippet from their article:

Ascension Weekly Citizen

Ascension is the fastest growing parish in the state, according to estimates from the Louisiana Tech University College of Business.
Ascension Parish grew at a rate of 36.17 percent from the year 2000 to 2009, gaining 27,961 people, the Tech study said.

Louisiana on the whole grew just .52 during that time period.

Neighboring Livingston, another fast growing parish, grew by 33.74, and picked up 30,976 new residents.

“It’s not a surprise,” Ascension President Tommy Martinez said Friday. He said growth in Ascension is actually slowing down a bit at present, which is good because it will allow the parish to put a parishwide master plan into place and prepare for the next wave of growth.”

Baton Rouge Real Estate Trends

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

fha appraisers geismar 70734 dutchtown

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

home appraisers in geismar 70734 dutchtown

cobblestone parc geismar 70734

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”!

DCP 4560

ACCURATE VALUATIONS LOGO BorderFor Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500

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Baton Rouge Real Estate Trends

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?

prairieville louisiana fha appraisers

prairieville louisiana home appraisers

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).

prairieville louisiana real estate appraisers

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.

ACCURATE VALUATIONS LOGO BorderFor Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Report: Shenandoah Estates Subdivision

http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Real Estate Report: Shenandoah Estates Subdivision

baton rouge real estate

shenandoah estates 2009 trends 1

shenandoah estates 2009 trends 2

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.

real estate appraisers baton rouge la 70817

ACCURATE VALUATIONS LOGO BorderFor Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit

Baton Rouge Real Estate Trends

FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817

http://www.batonrougerealestateappraisal.com/ - FHA Appraisers Baton Rouge Report: Shenandoah Estates Subdivision 70817

fha appraisers baton rouge la 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.

real estate appraisers baton rouge la 70817

ACCURATE VALUATIONS LOGO BorderFor Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit http://www.accuratevg.com/

Baton Rouge Real Estate Trends

Appraisers FHA Walker Louisiana Photos From The Field December 2009

http://www.denhamspringsappraisers.com/ – FHA Appraisers Walker Louisiana Photos From The Field December 2009.

Walker Louisiana Snow

Snow On 12/5/09, The Earliest Recorded Snow On Record In Louisiana

FHA Appraisers Walker Louisiana Autumn Run Subdivision (1)

A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!

FHA Appraisers Walker Louisiana New Construction

A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!

FHA Appraisers Walker Louisiana Autumn Run Subdivision

A Good Sign: New Construction Now Taking Place in The Walker Market Now By Vicknair Builders. The Builders Have Had To Lower Their Pricing To Much More Realistic Levels To Sell Homes In This Now Move To A More Affordable Market!

FHA Appraisers Walker Louisiana Example of OverBuilding

A Vacant and Unfinished Home Sits In Autumn Run Subdivision – An Object Lesson In Why One Shouldn’t Overbuild In A Subdivision Where The Average Home Is 1,500sf to 1,600sf. This Home In The Photo Is Estimated To Be 2,000sf to 2,200sf, Overbuilt By Approximately 35%.

Baton Rouge Real Estate Trends
Baton Rouge Real Estate Trends