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Posts Tagged ‘Home Appraisal’
Baton Rouge Housing Trends: Old Jefferson Home Prices Correct Downward Into 2011
05/20/2011 | 
Author http://www.batonrougemarketmetrics.com/ – Baton Rouge Market Metrics: Old Jefferson Home Price Trends 2011 Update. Read below where there is an oversupply and some overpriced listings in Old Jefferson. Baton Rouge Real Estate: How Is Old Jefferson Subdivision Performing Into 2011? Since the Federal Tax Credit Expiration in May 2010, the number of home sales has declined considerably. And, the number of foreclosures has continued to rise. With fewer sales and more foreclosures, this increases the percentage of the number of sales as foreclosures. In 2010, GBRMLS reported 2 foreclosures and in 2011 Year-To-Date, no foreclosure solds.
This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.
A recent home appraisal in and analysis of Old Jefferson revealed this interesting finding. From 2008 to 2011, the median sales price has continued to decline. From 2008 to 2010, the median sales prices were $149,900, $147,000, $145,000 and in 2011 it’s currently $140,200 based only on 4 sales (the chart below isn’t updated yet). Again, this is only based on 4 sales in the first 4.5 months of 2011. In 2010, there were 22 total sales, so one can see that the number of home sales has dropped considerably. NOTE: There is no indication per GBRMLS sheets that any of these 4 2011 sales were distressed or foreclosures, just a correction to a lower price level.
THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Stair Step Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction! And, so does the chart below it showing a correction.
The Chart below shows a considerable correction since May 2010 for home comparable to a larger 2,000sf in Zip 70817. Yes, the average home in Old Jefferson is 1,500sf to 1,600sf. The home I was appraising had an addition.
CURRENT LISTINGS. There are 20 current listings from $117,000 to $174,900 with 18 active and only 2 pending or under contract. So, there is a major oversupply of available homes for sale in Old Jefferson. The Average Listing Price per sq. ft. is $91.23/sf, which is too high and the reason these homes aren’t selling. If you examine the chart above, 2011 support is now in the $80s/sf, not the $90s/sf. This is called sellers in denial. AND, the 2 pendings have an average listing prices of $83.60/sf, further proof that reaching $91/sf in Old Jefferson was something that took place in 2010 but no longer in 2011. And, CoreLogictells us that Baton Rouge is in its’ 8th straight month of declines.
DISTRESSED LISTINGS. Out of the 20 current listings, 1 is a foreclosure and 3 are short sales. So, 20% of available listings are distressed in nature.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 20, 2011. This information was extracted on 5/206/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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/
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Home Appraisers | 
Tags: 5 Months, Baton Rouge Real Estate News, Federal Tax Credit, Foreclosure, Foreclosures, Gbrmls, Greater Baton Rouge, Home Appraisal, Home Price Trends, Home Values, Housing Market, Market Metrics, Median Sales Price, Median Sales Prices, Oversupply, Purchase Decision, Solds, Stair Step, Stairs, Step Down | 
1 Comment »
Prairieville La House Appraisers: Lakes At Oak Grove Homes Sales Report 2011
http://www.facebook.com/ascrebuzz – Prairieville La Home Appraisers: Lakes At Oak Grove Homes Sales Report 2011. Since May 2010, median sales price has risen 4%.
A recent home appraisal in and analysis of Lakes At Oak Grove Subdivision revealed this interesting finding. From 2008 to 2011, the median sales price has declined from $237,800 to $227,800 to $229,700 to now $235,000 into 2011 based only on 1 sale. So, 2008 was the post Hurricane Katrina “High” year followed by 2 years of declines. 2011 at $235,000 is higher than 2009 and 2010. Again, 2011′s $235,000 is only based on 1 sale while 2010′s $229,700 was based on 5 sales. The Listing-To-Sales-Price-Ratio at 98% is the highest since 2007.
TWO MLS CHARTS OF ALL HOME SALES SINCE 2005
The Chart below shows all home sales since 2005. The median sales price is still down -1.6% since the high in 2007. The median sales price has risen 4% since May 2010. But Again, this chart’s is greatly weighed upward based on this one (1) 2011 sale of $235,000.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 8, 2011. This information was extracted on 5/8/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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/
Posted in Ascension Parish Real Estate News, Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, Trends Baton Rouge Real Estate | Tags: Accura, Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Association Of Realtors, Bill Cobb, Gbrmls, Home Appraisal, Home Appraiser, Home Appraisers, Hurricane Katrina, Livingston Parish, Median Sales Price, Price Ratio, Price Trends, Property Values, Real Estate Investors, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Baton Rouge Real Estate: Park Forest East 2011 Report
http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate: How Is Park Forest East Subdivision Performing Into 2011, Increasing, Declining or Remaining Steady? Since the Federal Tax Credit Expiration in May 2010, the number of home sales has declined considerably. And, so has the number of foreclosures. With fewer sales and more foreclosures, this increases the percentage of the number of sales as foreclosures.
This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.
A recent home appraisal in and analysis of Park Forest East revealed this interesting finding. From 2009 to 2010, the median sales price remained stable at $135,000. However, in 2011, based on 3 sales, 2 of which were foreclosures, the median sales price has slipped to just $81,000. Again, this is only based on 3 sales in the first 4 months of 2011. In 2010, there were 11 total sales. Again, this drop is due to foreclosures and/or distressed sales.
THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Stair Step Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction! And, so does the chart below it showing a major correction.
The Chart below shows a considerable correction since May 2010 for home comparable to a 1,400sf in Zip 70814.
CURRENT LISTINGS. There are 9 current listings from $99,500 to $140,000 with 7 active and 2 pending. The Average Price per sq. ft. listing is $85.48/sf, which is too high. If you examine the chart above, 2009 and 2010 support was at $83/sf and $72/sf. And, CoreLogic tells us that Baton Rouge is in its’ 7th straight month of declines. So, this average $85.48/sf is far too high. Why are these 7 listings, in 2011, priced above 2009 and 2010 when the market was stronger then. The 2 pendings average $65.69/sf.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 6, 2011. This information was extracted on 5/6/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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/
Posted in Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate | Tags: 4 Months, Baton Rouge Real Estate News, Corelogic, Decline, Distressed Sales, Federal Tax Credit, Foreclosures, Greater Baton Rouge, Home Appraisal, Home Values, Housing Market, Median Sales Price, Park Forest East, Purchase Decision, Sq Ft, Stair Step, Stairs, Step Down | No Comments »
Baton Rouge Video Tours: Real Estate Market Report Of Villa Del Rey Subdivision 2011
http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate: How Is Villa Del Rey Subdivision Performing Into 2011, Increasing, Declining or Remaining Steady?
Potential $20K Loss. This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision. In the appraisal I recently completed, the home sold for $155,900 in 2007, a Post Hurricane Katrina high price, and is now on the market for $136,000. If this home sells for $136,000, then homeowner only loses $20,000 and will lose a total of $28,160 after paying the selling commission.
A recent home appraisal in and analysis of Villa Del Rey revealed this interesting finding. From 2009 to 2010 to 2011, the median sales price has declined from $145,000 to $137,500 to now $136,000 (chart below is not updated) into 2011 based only on 3 sales. This drop is due to foreclosure and/or distressed sales. Actually, the chart below is incorrect because GBRMLS reports “38″ solds in 2010, not just 33, with a median of $137,500. Of those 38 sales, 11 or 29% were foreclosures, which is quite high. And, in 2011, the 3 solds only sold for $119,000, $136,000 and $139,000 indicating these sold below market.
THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 3, 2011. This information was extracted on 5/3/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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/
Posted in Baton Rouge Economic News, Baton Rouge FHA Appraisers, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, Baton Rouge Real Estate Trends | Tags: Association Of Realtors, Baton Rouge Real Estate News, Decline, Distressed Sales, Foreclosure, Foreclosures, Gbrmls, Greater Baton Rouge, Home Appraisal, Home Values, Housing Market, Hurricane, January 1, Median Sales Price, Purchase Decision, Solds, Stair Step, Stairs, Video Tours, Villa Del Rey | No Comments »
Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011
http://www.facebook.com/brrebuzz – Congratulations To Central Greenwell Springs Housing Market, Top Performer in 2011! This is based on a comparison between Q1 2010 versus Q1 2011.
Biggest Gainer In East Baton Rouge 70739. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +6.2% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district. 70739 also showed a +9.4% increase in the number of home sales.
Zip Code 70818, another Central Market, showed less stellar results with +13.3% in the number of home sales, +1.4% increase in average sales price and +2.1% increase in average sold price per sq. ft.
Author 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/
Posted in Baton Rouge Economic News, East Baton Rouge Parish | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Author Bio, Baton Rouge Parish, Bill Cobb, Gainer, Greenwell Springs, Home Appraisal, Home Appraiser, Hot Market, Housing Market, Livingston Parish, Property Values, Real Estate Investors, Stellar Results, Top Performer, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Baton Rouge Home Appraisal Trends: Prairieville Housing Market Update
http://www.batonrougerealestateappraisal.com/ – Ascension Parish Prairieiville La Home Sales Trends: Manchac Crossing 2005-2010 Home Sales Report
Average Sales Price: $236,700
Median Sales Price: $233,500
Average Sold Price: $117.25/sf
Average List To Sale Price Ratio: 96%
Average Days On Market: 62
One 2011 Sale $205,000 or $124/sf. It appears Manchac Crossing Median Sales Prices are continuing to Decline from 2008 highs of $242,750. Median Prices since 2006 have been $218,000, $219,950, $242,750, $237,500, $233,250 and now $205,000 in 2011. So, there was the rise in prices after Hurricane Katrina, then the deflating of the market!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to March 25, 2011. This information was extracted on 03/25/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
Posted in Ascension Parish Real Estate News, Trends Baton Rouge Real Estate | Tags: Association Of Realtors, Gbrmls, Greater Baton Rouge, Home Appraisal, Housing Market, Hurricane Katrina, January 1, March 25, Median Prices, Median Sales Price, Median Sales Prices, Price Ratio, Price Trends, Sales Trends | No Comments »
Baton Rouge Real Estate: Kildare Subdivision Housing Report
http://www.batonrougehomeappraisal.com/ – Baton Rouge Housing Statistics: Kildare Subdivision 70812 Housing Numbers.
Solds In Kildare Subdivision have varied from lows to highs in terms of the Average and Median Sales Prices by year from 2006 up to 2011. The variance in the these range from $45,000 up to $152,500 depending on how many REO or foreclosure sales took place in Kildare during any given year. For example, the average sales prices since 2006 were $100,600, $89,000, $137,000, $87,700 and $122,500, which is a very wide spread. With the exception of 2009, there were few sales in each year. 2010 Data is reported below and there has already been one (1) REO or Foreclosure sale in 2011 for $45,000 for an 1,872sf home on 0.55 acre lot. In 2010, there were two (2) unusually high sales for $152,500 and $175,000. The $152,500 sale was for 2,919sf on about 1 acre and the $175,000 was for a 4,907sf on large lot with pool, 2 kitchens and apartment. Average days on market in 2010 was 300 days with a weak listing-to-sales price ratio of 92%.
Average Sales Price: $122,500
Average Sold Price Per Sq. Ft.: $36/sf
Median Sold Price: $152,500
Number of Sales: 3
Low To High: $40,000, $152,500 to $175,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # MLS Listings: 2
Current Listings Prices: $75,000 To $89,900
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 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
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to March 23, 2011. This information was extracted on 03/23/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate Trends | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, Foreclosure Sales, Home Appraisal, Home Appraiser, Kildare, Livingston Parish, Median Sales Prices, Mls Listings, Price Ratio, Property Values, Real Estate Investors, Reo, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
CVR Baton Rouge REALTOR FAQ: How Does Cost Compare and Will It Help My Cash Buyer?
http://www.gbrcvrreports.com/ – CVR Baton Rouge REALTOR® FAQ: How Does The CVR Valuation Cost Compare To URAR 1004 Report? Will the CVR Help My Cash Buyer That Wants An Appraisal Before Closing?
I received these two (2) questions today from a local real estate agent after she read my CVR Video Press Release. This was my reply below.
Good questions and thank you for asking. I attached a 12 page Sample CVR Report based upon the desktop Pictometry aerial views of home. I’ll let you look it over to determine if it fits your client’s needs. A full conventional URAR 1004 Home Appraisal could be from 23 to 50 pages of work, depending on the complexity of assignment.
CVR DESIGNED FOR 2 TYPES OF INSPECTIONS: OFF-SITE & ON-SITE!
There are two (2) inspection options with the CVR report from an inspection point of view:
1.) A desktop report from aerial views online, no visit to home and no real photos (but 4 aerial pictometry photos). THIS IS THE FASTEST DELIVERED REPORT. Cost $150 to $175.
2.) A visit to the home with real photos taken by me and placed into report. This cost around $200. I may even measure the home and provide a sketch for my own peace-of-mind. THIS REPORT TAKES LONGER TO DELIVER BECAUSE OF THE INTERIOR INSPECTION.
CVR IS STRICTLY AN OPTION FOR URBAN OR SUBURBAN LOCATION, NOT RURAL LOCATIONS! IS YOUR PROPERTY RIGHT FOR THE CVR?
The CVR report requires 30 to 50 good sales/comps. CVRs reports are used in highly populated Urban and Suburban markets. As long as this home in question is located in a restricted subdivision and housing market with ample comps, the CVR should be able to meet your needs.
25 TO 30 DOLLAR FEE PER REPORT.
I have to pay the data service $25 to $30 per report I complete for the extra data these reports require. Standard data is $25 plus $5 for the Veros data for forecasting, IF Veros covers the Greater Baton Rouge adequately enough. I have performed many of these reports in class based on Greater Baton Rouge MLS data for training in Texas but have not completed one locally in town yet. I do have my first order scheduled this week.
Tags: Collateral Valuation Report, CVR, Replacing BPOs, Baton Rouge Real Estate, Baton Rouge Appraisers, Baton Rouge Appraisals
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers | Tags: Aerial Views, Baton Rouge Realtor, Cash Buyer, Complexity, Cvr, Dollar Fee, Greater Baton Rouge, Home Appraisal, Housing Market, Inspection Options, Interior Inspection, Local Real Estate, Peace Of Mind, Point Of View, Real Estate Agent, Reply, Sketch, Suburban Location, Suburban Markets, Video Press | No Comments »
What Is A Baton Rouge CVR Home Appraisal or Collateral Valuation Report?
http://www.gbrcvrreports.com/ – What Is A Baton Rouge CVR Home Appraisal or Collateral Valuation Report? What Is A Comp Cruncher CVR Report? Watch This Short Video To Learn More! To Make The Video Player Larger, Click The Bottom Right Arrrow Button!
The Collateral Valuation Report (CVR) is a desktop application program that is capable of valuing properties as accurately as a URAR report, and can be delivered to you in about 24 hours. This report is designed to be completed by a certified appraiser who has local area knowledge of the neighborhood.
This appraisal report is ideal for:
* Replacing BPOs
* HELOCS
* Portfolio Analysis
* Reviews
* Litigation
CVR integrates public records, MLS, flood, imagery and other relevant data directly to the report. In addition, the appraiser can define the neighborhood and use the most sophisticated analytics available. Adjustments are supported, comparable sales and listing are ranked and scored and ultimately, all of the data is available for an appraiser to interactively provide the most supportable valuation solution. The CVR is an affordable valuation solution. Better than a BPO, Less than a URAR.
The Summary Page Of A Sample CVR Report Is Below! A COMPLETE SAMPLE CVR REPORT is available to review at this link!
HOW DOES ONE ORDER A GREATER BATON ROUGE CVR REPORT?
Tags: CVR, Collateral Valuation Report, Comp Cruncher, Baton Rouge Home Appraisal, Baton Rouge Home Appraisers, Baton Rouge BPO, Baton Rouge BPOs, Baton Rouge HELOC
Posted in Baton Rouge Home Appraisers, Baton Rouge Real Estate, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers | Tags: Application Program, Appraisal Report, Bpo, Collateral, Comparable Sales, Cvr, Desktop Application, Flood, Greater Baton Rouge, Heloc, Home Appraisal, Home Appraisers, Imagery, Litigation, Local Area, Portfolio Analysis, Public Records, Relevant Data, Valuation Report, Video Player | No Comments »
Baton Rouge Home Appraisal Blog: Azalea Lakes Subdivision 2009-2010 Update
http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Home Appraisal Blog: Azalea Lakes Subdivision 2009-2010 Update. Both the Average and Median Sales Prices were DOWN by -2% and 3.4%in 2010, but the Average Sold Price Per Sq. Ft. was up by +$2.34/sf or 2%.
Solds In Azalea Lakes from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $193,080 ($197,147 in 2009)
Average Sold Price Per Sq. Ft.: $117.61/sf ($115/sf in 2009)
Median Sold Price: $187,900 ($194,500 in 2009)
Number of Sales: 15 (14 shown on chart below)
Average Number of Days On Market: 82
Low To High: $165,000 to $255,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 5, 0 Are Foreclosures
Current Listings Prices: $179,900 To $379,900
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 2/17/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!