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Posts Tagged ‘Gbrar’
Baton Rouge Pre-Listing Home Appraisals: Westdale Area Home Sales 2010 Update
09/28/2010 | 
Author http://www.batonrougehomeappraisal.com/ – Baton Rouge Home Appraisal: Westdale Area Home Sales 2010 Update
Solds In Westdale from 1/2010 to 9/28/2010 revealed:
Average Sales Price: $204,983
Average Sold Price Per Sq. Ft.: $128/sf
Median Sold Price: $194,450
Number of Sales: 6 (18 Total in 2009)
Average Number of Days On Market: 80
Low To High: $138,500 to $282,500
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 10, 2 Are Foreclosures
Current Listings Prices: $149,900 To $510,000
NOTE: When I refer to Westdale below, this includes Westdale, Westdale Heights, Westdale Woods and Westdale Terrace. From 1/1/2005 to 9/28/2010, there were 89 total sales from $121,600 to $685,000. The peak of the median sales price took place in September 2007 at $235,000. NOTE: The median sales price has increased by +4.89% since 9/2009.
This data was used with the permission of GBRAR, extracted on 9/28/2010 from 1/1/2005 through 9/28/2010.
Tags: Baton Rouge Estate Minute, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisers, Baton Rouge Realtor, Baton Rouge Realtors
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Divorce Appraisal, Baton Rouge Divorce Appraisals, Baton Rouge Pre-Listing Appraisals | 
Tags: Baton Rouge Real Estate News, Baton Rouge Realtor, Foreclosures, Gbrar, Home Appraisal, Home Appraisals, Home Appraisers, Housing Market, Median Sales Price, Mls, Real Estate Agents, Real Estate Appraisers, Realtors, Reo, Solds, Sq Ft, Westdale Heights | 
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Baton Rouge Real Estate Appraisal: Plantation Trace 2010 Housing Report
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: Plantation Trace 2010 Housing Report
Solds In Plantation Trace 70808 from 1/2010 to 9/28/2010 revealed:
Average Sales Price: $275,500
Average Sold Price Per Sq. Ft.: $116.33/sf
Median Sold Price: $275,000
Number of Sales: 6
Average Number of Days On Market: 36
Low To High: $218,000 to $345,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 6, 0 Are Listed As Foreclosures
Current Listings Prices: $210,000 To $399,000
Below is the charting of median sold price since 1/1/2005.
NOTE: Data for the Baton Rouge Real Estate Trends Report was used with the permission of the GBRAR. Data search was from 1/1/2005 to 9/28/2010, extracted on 9/28/2010.
Tags: Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Homes For Sale, Baton Rouge Real Estate, baton rouge real estate agent listings, Baton Rouge Real Estate Agents, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate Buzz, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Minute, Baton Rouge Real Estate Trends, Baton Rouge Realtor, Baton Rouge Realtors
Posted in Baton Rouge Home, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate | Tags: Baton Rouge Real Estate News, Baton Rouge Realtor, Buzz, Data Search, Foreclosures, Gbrar, Home Appraisers, Homes For Sale, Mls, Plantation Trace, Real Estate Agent, Real Estate Agents, Real Estate Appraisal, Real Estate Appraisers, Real Estate Trends, Realtors, Reo, Solds, Sq Ft, Trends Report | No Comments »
Why Did This Baton Rouge University Club Home Sell $19/sf Below Market? The Answer Is Design!
http://www.batonrougerealestateappraisal.com/ - Why Did This Baton Rouge University Club Home Sell $19/sf Below Market? The Answer Is In The Design!
Over the past 3 years, I’ve been driving the streets in University Club Plantation appraising homes and seeing the home in the photos below for sale. This home and older home design (non-Country French) was built in 2007 and originally listed in GBRMLS on 6/29/2007 for $730,000. It was listed in 3 separate listings over 1,113 days (over 3 years) and finally sold on 9/21/2010 for $625,000 or $143.35/sf, for $105,000 less than original listing price.
When comparing this home’s features to the other 6 U.C.P. 2010 home sales with an average $162.57/sf selling price, it was discovered that the home in the photos sold for $19.22/sf less….and took 1,113 days on the market to sell. However, this home probably wasn’t any cheaper to build in 2007 than those homes with more favorable designs.
Choosing the design of your new home is extremely important for a better return on your investment. The design of the home in the photo is more like what was being built in the early 1990′s. And, this isn’t the only U.C.P. of this style that has experienced market reluctance. This U.C.P. home below, with a similar design, was on the market for 330 days from 2009 to Summer of 2010 without selling.
The Baton Rouge high-end homes purchaser prefers the “Country French” style…….At Least For Now!
Data for this market lesson was used with permission of the GBRAR MLS, extracted on 9/28/2010, from dates 6/29/2007 to 9/21/2010.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: 3 Years, Baton Rouge, Country French, Country Style, French Style, Gbrar, Gbrmls, Investment, Mls, Photo, Photos, Plantation Homes, Purchaser, Reluctance, Selling Homes | No Comments »
May 2010 Greater Baton Rouge Housing Video: Numbers Show A Stable Market
http://www.batonrougerealestateappraisal.com/ – May 2010 Baton Rouge Housing Video: Numbers Show A Stable Market
Today is June 9, 2010 and by this time, the solds for May 2010 would have been reported within the local GBRAR MLS related to the $8,000 Tax Credit. The video below was prepared by Tony Zito, with Zito Real Estate Group, and shares the number of pending sales for each month from February 2010 to today on June 8 2010. Tony also shares the sales for each May from 2004 to this past May 2010. Be sure to check out Tony’s Blog @ http://perfectbatonrougerealestate.com/
The questions in my mind are these:
1.) What impact did the $8,000 Tax Credit have on Greater Baton Rouge area home sales in 2010 leading up to the April 30 deadline? In the video below, I think you’ll find that it had a significant impact on local home sales.
2.) Was our market functioning based solely on this government stimulus and will home sales drop off after this stimulus has been removed? The answer to this question and concern will be answered by the market in the coming months.
Posted in Agents In Baton Rouge, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Real Estate, Baton Rouge Realtor, Baton Rouge Realtors, Greater Baton Rouge Divorce Appraisals, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Baton Rouge Area, Blog, Gbrar, Greater Baton Rouge, Housing Market, Real Estate Group, Shares, Significant Impact, Solds, Stable Market, Stimulus, Tax Credit, Tony Zito, Video Numbers | No Comments »
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 »
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 »