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Posts Tagged ‘Mls’
Ascension Parish Home Appraisers: Quail Creek Subdivision Numbers Improve in 2010!
12/02/2010 | 
Author 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 | 
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2010 Greater Baton Rouge Short Sales Study Released, 2 Percent Of All Sales
http://www.batonrougerealestatetrends.net/ – 2010 Greater Baton Rouge Short Sales Study Released, Approximately 2 Percent Of All Sales!
Greater Baton Rouge Appraiser, Bill Cobb, has performed a study on the number of “short sales” taking place within the Greater Baton Rouge Housing Market. This was a rather difficult study to complete because of the lack of designation of short sales within the local GBRMLS. In other words, there’s no box for agents to check that specifically states the reason for the sale was “Short Sale”. So, this makes the numbers below somewhat questionable because of the lack of a proper method for classifying short sales within the local MLS. This appraiser has made the suggestion for this to be corrected to GBRMLS.
Agents do sometimes state “Short Sale” in the “Remarks” and or “Realtor Remarks” section of the MLS Sheet. So, this appraiser searched “short sale” within the “Remarks” and or “Realtor Remarks” to discover the results below. NOTE: It’s believed that these numbers below are lower than the actual number of short sales taking place. And, it’s anticipated that with the Big Banks halting foreclosures for an unknown time period (moratorium), short sales will become more popular with the Big Banks, or so I have been reading.
NOTE: Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.
Short Sale Image Source: http://www.manausa.com/short-sale-proces/
Posted in Baton Rouge Economic News, Baton Rouge Housing Market, Baton Rouge Real Estate, Foreclosure Trends, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours, Short Sales Study | Tags: Banks, Bill Cobb, Designation, Foreclosures, Gbrmls, Greater Baton Rouge, Housing Market, Image Source, Mls, Moratorium, Realtor, Search Dates, Suggestion, Time Period | No Comments »
Baton Rouge Pre-Listing Home Appraisals: Westdale Area Home Sales 2010 Update
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 | No Comments »
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 »
Greater Baton Rouge Real Estate Trends: Manchac Place September 2010 Update
http://www.ascensionrealestateappraisers.com/ - Greater Baton Rouge Real Estate Trends: Manchac Place September 2010 Update
Solds In Manchac Place from 1/1/2010 to 9/8/2010 revealed:
Average Sales Price: $301,543
Average Sold Price Per Sq. Ft.: $103.89/sf
Median Sold Price: $305,000
Number of Sales: 7
Average Days On Market: 74
Low To High: $247,000 to $356,900
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 5, 1 Foreclosure
Current Listings Prices: $272,000 To $295,000, Average $99.86/sf or $88/sf for the larger homes to $112/sf for the smaller living area homes
NOTE: Data Used With Permission of the GBRAR GBRMLS. Data was extracted on 9/8/2010 from periods 1/1/2010 through 9/8/2010.
Walker Louisiana Home Appraiser Photos From The Field: Unfinished High End Homes A Sign Of The Times
http://www.denhamspringsappraisers.com/ – Walker Louisiana Home Appraiser Photos From The Field: Unfinished High End Homes A Sign Of The Times!
I was in Walker on Saturday performing home appraisals and noticed these unfinished spec homes. From the appearance of the properties, it appeared they had been vacant and unfinished for some time now. Was it that construction stopped when the builders discovered the market wasn’t paying enough to justify building higher end homes in the Walker market any longer? The reason for the question is the last photo below. This home has 2,285sf living area, 4 bedrooms, 3 bathrooms with slab granite counters in Kitchen and Bathrooms, custom millwork, a 90 x 185 lot and sold in August 2010 for $229,000 or only $100.22/sf….and MLS doesn’t state this home was an REO, Foreclosure or a Distressed Sale.
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Appearance, Bathrooms, Bedrooms, Building Homes, Custom Millwork, Granite Counters, Home Appraisals, Home Appraiser, Mls, Photo, Photos, Reason, Reo Foreclosure, Slab Granite, walker Louisiana, Walker Market | No Comments »
Denham Springs Housing Statistics: South Point Subdivision Report For August 2010
http://www.southpointappraiser.com/ – Denham Springs Housing Statistics: South Point Subdivision August 2010
Solds In South Point from 1/2010 to 8/31/2010 revealed:
Average Sales Price: $147,476
Average Sold Price Sq. Ft.: $88/sf (-$5.33/sf Decline From 2009)
Median Sold Price: $149,500 (+4,500 Increase From 2009)
Number of Sales: 21
Low To High: $106,500 to $198,500
Number of Sold REO/Foreclosures Noted In MLS: 5
Current # Listings: 26 (NOTE: MORE LISTINGS THAN SALES)
Current Listings Prices: $103,500 To $198,900
The BIG Change is that while the Median Sales Price has increased +8.1%, the Average Sold Price Per Sq. Ft. has declined by -$5.33/sf. And, there’s more listings now than total sales in all of 2010.
Tags: denham springs, denham springs real estate, south point subdivision, denham springs real estate agents, denham springs realtor, denham springs realtors, denham springs housing, denham springs homes
Posted in Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Decline, Denham Springs Real Estate, Foreclosures, Housing Statistics, Median Sales Price, Mls, Real Estate Agents, Realtor, Realtors, Reo, Solds, Springs Real Estate, Sq Ft | No Comments »
Baton Rouge Real Estate Buzz: Woodlawn Estates Median Sales Price Declines Into 2010
http://www.batonrougehomeappraisal.com/ - Baton Rouge Real Estate Buzz: Woodlawn Estates Median Sales Price Declines Into 2010
In MLS Area 43, near Shenandoah Area, the Woodlawn Estates Subdivision was developed in late 1970′s. Based on the chart below, the average sales price, median sales price and average sold price per sq. ft. has been declining since the post Hurricane Katrina highs. From 2009 to 2010, the average sales price has declined -8.4%, median sales price has declined -5.3% and average sold price per sq. ft. has declined by -$2.6%.
This is the contradictory charting based on all Woodlawn Estates sales in GBRAR MLS since 1/1/2007. According to this charting, the median sales price has increased since June 2009. I do believe the chart above is more accurate.
This is chart below is from a recent appraisal in Woodlawn Estates of an 1840sf 4 bedroom home. The chart is based on MLS Area 43 sales comparable to the home appraised from 6/1/2008 to 6/26/2010, 1700sf to 2050sf. According to this charting, the median sales price has increased since June 2009 by approximately 3%. So, it appears that two motivated sales may have taken place in Woodlawn Estates in 2010, which lowered the overall indicators.
Possibly Oversupply of Potential Competing Listings? I do know that the marketing time period appears to be increasing after the tax credit expiration. Also, for the appraisal completed in Woodlawn Estates, there were 25 competing listings with only 51 competing solds in the past 12 months. So, there’s at least 50% of the number of homes sold since 6/2009 on the market currently. And, this doesn’t include FSBO Listings. If competing FSBO listings were included, the number of competing listings could be closer to 30 to 35.
Information is used with permission of the GBRBR MLS. Period covered is 1/1/2007 to 6/26/2010. Date of data extraction was 6/26/2010!
Tags: Baton Rouge Real Estate, Baton Rouge Homes, Woodlawn Estates, Homes In Baton Rouge, 70817, Baton Rouge FSBO, FSBOBR.com
Posted in Baton Rouge Economic News, Baton Rouge Real Estate, For Sale By Owner Baton Rouge, FSBO Home Appraisals, FSBOBR.com, Greater Baton Rouge Real Estate News, Listing Appraisals, Pre-Listing Home Appraisals, Real Estate Baton Rouge | Tags: 12 Months, Baton Rouge Real Estate News, Buzz, Charting, Data Extraction, Estate Sales, Fsbo Listings, Hurricane Katrina, Marketing, Median Sales Price, Mls, Oversupply, Price Declines, Real Estates, Shenandoah, Shenandoah Area, Solds, Sq Ft, Tax Credit, Time Period | No Comments »
Baton Rouge Real Estate News Video: Riverbend Landing May 2010 Report
http://www.batonrougerealestateappraisal.com/ - Baton Rouge Real Estate News: Riverbend Landing May 2010 Report. Data provided with permission of the Greater Baton Rouge Board of Realtors and extracted on 6/11/2010 in MLS Area 52 for Riverbend Landing.
Posted in Agents In Baton Rouge, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Pre-Listing Appraisals, Baton Rouge Realtor, Baton Rouge Realtors, Pre-Listing Home Appraisals | Tags: Area 52, Baton Rouge Real Estate News, Board Of Realtors, Greater Baton Rouge, Mls, News Video, Real Estate News, Real News, Real Video | No Comments »