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Baton Rouge Real Estate Trends

Greater Baton Rouge Real Estate Elevated Photography Services Now Available

http://www.batonrougelistingsservices.com/ – Greater Baton Rouge Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Baton Rouge Real Estate Elevated Photography Services (4)

 

Baton Rouge Real Estate Elevated Photography Services (1)

 

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Baton Rouge Real Estate Elevated Photography Services (3)

 

 

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Baton Rouge Real Estate Trends

Baton Rouge Real Estate Appraisal Video: Highland Road Housing Market Trends In 2011

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal Video: Highland Road Housing Market Trends In 2011.

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Video Link is: http://www.youtube.com/watch?v=W_Y3eTRa_D8

In this video, local home appraiser of 20 years, Bill Cobb, points out trends observations from the Area 53 housing market, generally from Essen Lane over toward Country Club of Louisiana area.


This is a “sub-market” study of homes 2900sf to 3450sf, from 11-15 to 16-20 years old, from approx. $300,000 up to $450,000 range. This is not a broad study but a limited study of homes comparable to a 3250sf home built in 1994 in the Bluebonnet 70810 market. The observations here are not broad or general, but specifics to these parameters.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of June 1, 2008 to March 6, 2011. This information was extracted on 3/6/2011.

Bill Cobb Accurate Valuations Group Large Background 2

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Appraisal: SFREP Appraisal Software Helps Underwriter Communication

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: SFREP Appraisal Software Helps Underwriter Communication

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SFREP or Software for Real Estate Professionals is a local real estate appraisal software company founded by R. Wayne Pugh, MAI. SFREP recently added a new mapping feature to their “Appraise-It” product, which aids the appraiser in better communication with the underwriters.

Video Link Is: http://www.youtube.com/watch?v=ZtoXLINgvz8

 

Baton Rouge Real Estate Trends

Zachary Louisiana Home Appraisers: Early Learning Center Photos Posted

http://www.zacharylouisianarealestate.info/ – Zachary Louisiana Home Appraisers: Early Learning Center Photos Posted

The Early Learning Center, located on the Rollins Road extension, is the school for the district’s pre-kindergarten students.

Zachary La School System Early Learning Center (2)

 

Zachary La School System Early Learning Center (1)

 

Zachary La School System Early Learning Center (3)

 

Zachary La School System Early Learning Center (4)

Baton Rouge Real Estate Trends

Baker La Real Estate Appraisers: City of Baker La Photos of New Fire Department

http://www.batonrougerealestateappraisal.com/ – Baker La Real Estate Appraisers: City of Baker La Photos of New Fire Department

Accurate Valuations Group Home Appraiser, Bill Cobb, took these photos last Fall of the new Baker Fire Department, Office of Emergency Preparedness & Homeland Security Buildings. Buildings dedicated to Avon R. Honey, La State Representative District 63 from 2002-2010 for his dedication and commitment to the Baker Fire Department and City of Baker. The official website for the Baker Fire Department is here! The Advocate Newspaper also has an article about Baker’s new $300,000 fire truck here from June 2010.

Baker Louisianas New Fire Department 2010 (1)

 

From their website, the “Mission Statement” of the Baker Fire Department is: “All members of this department guarantee to the residents and visitors of the City of Baker that we will provide dependable and professional service in a responsive fashion while showing care and compassion for those in need. We will do our best to rapidly and professionally mitigate all fire, rescue, medical care and hazardous material incidents and to protect lives, property and the environment through meticulous training, disaster preparedness, fire prevention and community education programs.”

 

Baker Louisianas New Fire Department 2010 (4)

 

Baker Louisianas New Fire Department 2010 (3)

 

Baker Louisianas New Fire Department 2010 (2)

Baton Rouge Real Estate Trends

Baton Rouge New Housing Trends: January 2011 East Baton Rouge Residential Building Permits Down

http://www.batonrougerealestatetrends.net/ – Baton Rouge New Housing Trends: January 2011 East Baton Rouge Residential Building Permit Numbers Released

BuildingPermit

RESIDENTIAL PERMITS DECLINE Were Down In 2010! As a whole, residential building permits were down from 2,184 in 2009 versus 1,964 in 2010, a decline of 220 permits or -10% (includes all residential permit types). December 2010 versus December 2009 saw an increase from 177 in 12/2009 to 201 in 12/2010.

DECEMBER 2010 RESIDENTIAL SFR PERMITS TOTAL “53″! For Residential Permits only for “Single Family Residences”, December 2010 saw 53 permits issued versus 44 for November 2010.

ANY IMPROVEMENT IN JANUARY 2011? NO! According to EBRP Department of Public Works Permit Office, “Building permits are down from 1,763 in December 2010 to 1,673 in January 2011.” For Residential ONLY, there were 30 permits issued for Single Family Residences and 62 for Additions-Remodeling for a total of 92 permits. This is a -36% decrease compared to the 143 permits issued in January 2010. And, this is -48% decrease compared to the 177 permits issued in December 2010. However, December 2010 did see an odd “88″ permits for “Duplexes”, which was more than any recorded in recent history.

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NOTE: Top Image Source: www.remodeling-sanantonio.com

 

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Baton Rouge Real Estate Trends

Greater Baton Rouge Housing Trends: Indepth Look At 2010 Home Sales Numbers

http://www.batonrougemarketmetrics.com/ – Greater Baton Rouge Housing Trends: Indepth Look At 2010 Home Sales Numbers

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The LREC or Louisiana REALTORS are reporting on comprehensive housing numbers for 2010, including 4th quarter 2010. So, the source for this report and charts and graphs is LREC.

GBRRE Quarterly Indicators At A Glance

 

NUMBER OF SALES DOWN 7.3%. Overall, the number of Greater Baton Rouge Home Sales was down 7.3% for 2010. Total volume for 2010 was 5,708 versus 6,160 for 2009.

AVERAGE SALES PRICE. The average home sales price increased in 2010 to $202,138 vs $197,587 for 2009. This would appear to be due to strong local employment numbers of 355,797 in 2010 versus 354,044 in 2009. However, the Baton Rouge Business Report just reported this morning that “B.R. home price index drops for fifth month running“. So, according to the CoreLogic Home Price Index for Louisiana, Baton Rouge home prices are continuing to correct to the downside, not the upside, and I would agree. And, a look at the median sales prices would be more helpful than average sales prices since average sales prices can include homes from $10,000 up to $3,000,000 – outliers.

SOME IMPROVEMENT. Not all areas are declining though, but marketing time periods are well over 6 months. I’m appraising the 2011 St. Jude Dream Home in Prairieville and the general market of competing solds and listings is showing a rising median sales price, but very long marketing time periods of well over 6 months. Some homes in one local high end development on Highway 73 in Prairieville have been on the market since 2008 without selling.

AVERAGE DAYS ON MARKET. The average days on market remained almost unchanged at 90 days in 2010 versus 91 in 2009.

 

GBR Housing Statistics

Baton Rouge Real Estate Trends

Baton Rouge Real Estate Trends Q4 2010: La Foreclosures Low Compared To Most States

http://www.batonrougerealestatetrends.net/ – Greater Baton Rouge Real Estate Trends: La Foreclosures Low Compared To Most States.

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The LREC or Louisiana REALTORS (source) is reporting on the state of Louisiana foreclosures as of fourth quarter 2010. There report is below.

lrec on foreclosure numbers at end of q4 2010

 

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Baton Rouge Real Estate Trends

Baton Rouge Real Estate Appraisal Video: 2010 Monticello Subdivision Report

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal Video: 2010 Monticello Subdivision Report

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Monticello Subdivision Entrance Sign Baton Rouge LA 70814

4520 SCARBOROUGH DR Baton Rouge LA 70814

Solds In Monticello Subdivision from 1/2010 to 12/31/2010 Home Ages 16-20 +revealed:

Average Sales Price: $133,350 ($154,573 in 2009)
Average Sold Price Per Sq. Ft.: $75.09/sf ($90.92/sf in 2009)
Median Sold Price: $145,000 ($150,500 in 2009)
Number of Sales: 12 (12 in 2009)
Average Number of Days On Market: 79 (130 in 2009)
Low To High: $82,000 to $168,500
Number of Distressed Sales Noted In MLS: “4″
Current # Listings: 12, 6 Are Distressed Listings
Current Listings Price: $64,900 to $185,000 or $50/sf to $96/sf

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NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to December 31, 2010. This information was extracted on 1/301/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

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Baton Rouge Real Estate Trends

Baton Rouge Home Appraisal Blog: What Recession? Capital Heights Home Prices Continue Increasing

http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Home Appraisal Blog: Capital Heights Home Sales Prices Increasing

Older, well built Cottage style homes where the wood floors creek! Tree lined street where your neighbors actually know one another! This is Capital Heights. Stephanie Riegel with Baton Rouge Business Report wrote about this market in 2007 here, “Old Neighborhood, New Heights“. And, the home prices in this market, during a national economic recession, continue to increase!

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768 Glenmore Avenue Baton Rouge LA 70806

Solds In Capital Heights Subdivision from 1/2010 to 12/31/2010 revealed:

Average Sales Price: $194,343 ($190,716 in 2009)
Average Sold Price Per Sq. Ft.: $148.88/sf ($131.99/sf in 2009)
Median Sold Price: $200,000 ($195,000 in 2009)
Number of Sales: 23 (29 in 2009)
Average Number of Days On Market: 110 (88 in 2009)
Low To High: $123,000 to $329,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 10, 0 Are Foreclosures
Current Listings Price: $159,900 to $319,900 or $116/sf to $201/sf

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646 Ingleside Drive Baton Rouge LA 70806

5206 Capital Heights Avenue Baton Rouge LA 70806

854 Glenmore Avenue Baton Rouge LA 70806

 

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 1/14/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

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Baton Rouge Real Estate Trends
Baton Rouge Real Estate Trends