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Posts Tagged ‘Landmines’
Where Are The 2010 Ascension Parish Foreclosures Concentrated?
10/17/2010 | 
Author http://www.ascensionrealestateappraisers.com/ – Where Are The 2010 Ascension Parish Foreclosures Concentrated?
The chart above represents the number of recorded Ascension Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS as of 10/16/2010, with the exception of Manufactured Housing sales. GBRMLS Areas for Ascension Parish are 90, 91 and 92.
2010 Foreclosures total 7% of sales YTD; 2009 Foreclosures totaled 6%, an increase of +1% since 2009. 5% of all Ascension MLS Listings are Foreclosures! Foreclosures are only moderately impacting this market.
AREAS 90-92 2010 FORECLOSURES. In 2010, there have been 68 solds. The vast majority of these foreclosure solds were “Rural” properties (10). In restricted subdivisions, foreclosures of note were in Ascension Trace (2), Autumn Woods (2), Lakes At Dutchtown (2), Manchac Harbor (2), Oak Terrace (3) and Porte Cochere (3).
Above $200,000, Both Solds and Current Listings. The number of 2010 foreclosures that sold above $200,000 has been 19 or 28%. Out of the 46 total REO MLS listings, there are 16 current listings above $200,000 or 35%.
Above $300,000, Both Solds and Current Listings. The number of 2010 foreclosures that sold above $300,000 has been 8 or 12%. Out of the 46 total REO MLS listings, there are 3 current listings above $300,000 or 7%.
There’s A Major “Caveat” with the numbers below! Based on a 7% REO sold rate, which does appear to be an indication REOs are only moderately negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed and that the foreclosure problem could be larger if up to 70% of REOs aren’t being listed. MLS is reporting 46 current REO listings for all Ascension MLS Areas out of a total 951 total listings. So, 5% of all Ascension MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.
Posted in Ascension Parish Real Estate News, Baton Rouge Real Estate, Foreclosure Trends, Real Estate Baton Rouge, Trends Baton Rouge Real Estate | 
Tags: Activerain, Ascension Parish, Autumn Woods, Caveat, Dutchtown, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Landmines, Manufactured Housing Sales, Market Areas, Mls Listings, Porte Cochere, Reo, Rural Properties | 
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West Baton Rouge Parish Foreclosure Trends: 2010 Foreclosure Sales At 7 Percent!
http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 7% of sales YTD; 2009 Foreclosures totaled 5%, an increase of +2% since 2009. 4% of all MLS Listings are Foreclosures! Foreclosures are only moderately impacting this market. There’s A Major “Caveat” with the numbers below!
The chart below represents the number of recorded West Baton Rouge Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS as of 10/16/2010, with the exception of Manufactured Housing sales. The GBRMLS Areas for West Baton Rouge Parish is 70.
Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 122 sales. 6 foreclosure sales in 2009 represents only 5% of total sales. In 2010, there have been a total of 115 sales. 8 foreclosure sales in 2010 as of 10/16/2010 represents only 7% of total sales. The projected number of reo / fore closures at end of 2010 is approximately 11.
There’s A Major “Caveat” with the numbers below! Based on a 7% REO sold rate, which does appear to be an indication REOs are only moderately negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed and that the foreclosure problem could be larger if up to 70% of REOs aren’t being listed. MLS is reporting 4 current REO listings for all West Baton Rouge MLS Area 70 out of a total 114 total listings. So, 4% of all West Baton Rouge MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.
Posted in Foreclosure Trends, Greater Baton Rouge Real Estate News, West Baton Rouge Real Estate | Tags: Activerain, Baton Rouge Parish, Caveat, Fore Closures, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Landmines, Manufactured Housing Sales, Mls Area, Mls Listings, Perspective, Real Estate, Reo, Sales Numbers, Search Dates, West Baton Rouge, West Baton Rouge Parish | No Comments »
Ascension Parish Foreclosure Trends: 2010 Foreclosures Total 7 Percent Of Sales
http://www.ascensionrealestateappraisers.com/ – Ascension Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 7% of sales YTD; 2009 Foreclosures totaled 6%, an increase of +1% since 2009. 5% of all Ascension MLS Listings are Foreclosures! Foreclosures are only moderately negatively impacting this market. There’s A Major “Caveat” with the numbers below!
The chart below represents the number of recorded Ascension Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS as of 10/16/2010, with the exception of Manufactured Housing sales. GBRMLS Areas for Ascension Parish are 90, 91 and 92.
Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 1,242 sales. 78 foreclosure sales in 2009 represents only 6% of total sales. In 2010, there have been a total of 983 sales. 68 foreclosure sales in 2010 as of 10/16/2010 represents only 7% of total sales. The projected number of reo / fore closures at end of 2010 is approximately 89.
There’s A Major “Caveat” with the numbers below! Based on a 7% REO sold rate, which does appear to be an indication REOs are only moderately negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed and that the foreclosure problem could be larger if up to 70% of REOs aren’t being listed. MLS is reporting 46 current REO listings for all Ascension MLS Areas out of a total 951 total listings. So, 5% of all Ascension MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.
Posted in Ascension Parish Real Estate News, Baton Rouge Real Estate, Foreclosure Trends, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Real Estate Baton Rouge | Tags: Activerain, ascension parish foreclosures, Caveat, Fore Closures, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Landmines, Manufactured Housing Sales, Mls Areas, Mls Listings, Perspective, Real Estate, Reo, Sales Numbers, Search Dates | No Comments »
Baton Rouge Foreclosure Trends: East Baton Rouge 2009 2010 Foreclosure Sales Numbers
http://www.batonrougerealestatetrends.net/ – Baton Rouge Foreclosure Trends: East Baton Rouge 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 12% of sales YTD; 2009 Foreclosures totalled 11%. 7% of all EBR MLS Listings are Foreclosures! Foreclosures are negatively impacting this market. There’s A Major “Cavaet” with the numbers below!
The chart below represents the number of recorded East Baton Rouge Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS, with the exception of Manufactured Housing sales.
Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 3,985 sales. 430 foreclosure sales in 2009 represents only 11% of total sales. In 2010, there were a total of 2,856 sales. 330 foreclosure sales in 2010 as of 9/30/2010 represents only 12% of total sales. The projected number of reo / foreclosures at end of 2010 is approximately 440.
There’s A Major “Cavaet” with the numbers below! Based on a 12% REO sold rate, which does appear to be an indication REOs are negatively impacting this market. It’s also stated here that an 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed. MLS is reporting 203 current REO listings for all EBR MLS Areas out of a total 2,795 total listings. So, 7% of all EBR MLS Listings are Foreclosures!
REO is “Real Estate Owned”!
Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010. 330 REO sales for 2010 was as of 9/30/2010. As of 10/16/2010, there were 339 REO sales.
Tags: Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Foreclosure Rate, Baton Rouge REO Rate, Baton Rouge Foreclosure Study
Posted in Baton Rouge Home Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate Trends, Foreclosure Trends | Tags: Activerain, Baton Rouge Parish, East Baton Rouge, East Baton Rouge Parish, Foreclosure Sales, Foreclosures, Greater Baton Rouge, Housing Market, Landmines, Manufactured Housing Sales, Mls Areas, Mls Listings, Perspective, Real Estate, Reo Sales, Sales Numbers, Search Dates | 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 »