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Posts Tagged ‘Price Trends’
Baton Rouge Real Estate Appraisal: MLS Area 43 Report For August 2011
08/29/2011 | 
Author http://batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: MLS Area 43 Report For August 2011. There’s a bright spot in Baton Rouge Housing in 2011 – The Lakes At White Oak Subdivision. In the slower sales market of 2011, there’s already been 18 sales year-to-date versus only 16 total for 2010. The chart below shows the median sales price is up 7.8% from August 2010 to August 2011 and up 5.1% since after Hurricane Katrina (or as of 1/1/2006).
There’s so much confidence in this neighborhood that a buyer, in the midst of a national recession, paid $791,500 or $154/sf for 6353 Double Tree Drive, see photo below. 6016 North Shore Drive sold for $464,000 in 1/2011 for $157/sf. A home on North Shore Ct is under contract for an unknown price and listed for $529,500 or $159/sf. Of course, these are homes on the lake and are the exception and not the typical sales price. For 2011, the median sales price for the year is $337,319 or $113/sf.
If there’s any negative report, it’s the 12% REO or sold foreclosure rate or 17 out of 140 total sales.
This home at 5741 Lake Shadow Drive sold for $355,000 or $129/sf in 6/2011
Entrance Sign
6353 Double Tree Drive (Private Entrance)
From 01/01/2006 to 08/28/2011, GBRMLS is showing 17 REO or Foreclosure sales in The Lakes At White Oak Subdivision out of 140 total sales or about 12%, which is fairly high for East Baton Rouge Parish.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to August 28, 2011. This information was extracted on 08/28/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Author: Bill Cobb, Appraiser with Accurate Valuations Group
Tags: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Home Appraisers, Baton Rouge Real Estate Appraisers, East Baton Rouge, Greater Baton Rouge, Baton Rouge Home Appraisal, Home Appraisals, Baton Rouge Realtors, Baton Rouge Real Estate Agents
Posted in Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends | 
Tags: Accurate Valuations, Association Of Realtors, Baton Rouge Real Estate News, Bill Cobb, Entrance Sign, Foreclosure Sales, Gbrmls, Home Appraisers, Hurricane Katrina, Lake Shadow, Median Sales Price, National Recession, Price Trends, Private Entrance, Real Estate Appraisal, Real Estate Appraisers, Report Author, Shadow Drive, Trends Report, Typical Sales | 
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Baton Rouge Home Prices: Sherwood Forest Corrects Down To 2005 Support
http://www.baton-rouge-real-estate.com/ – Baton Rouge Home Prices: Sherwood Forest Corrects Down To 2005 Support
The GBRMLS Trends chart below shows a substantial home price correction taking place within Baton Rouge’s Sherwood Forest Subdivision. The Average Sold Price Per Square Foot has declined from $80.66/sf in 2007 down to $68.61/sf in 2011, back to 2005 levels and a -15% correction. The Median Sold Price has declined from $181,000 in 2010 down to just $165,500 in 2011, a -9% correction (rounded). Some of this recent decline is due to foreclosure activity. And, the reason the chart shows a dip in 2009 to $165,000 was due to the devastating impact of Hurricane Gustav on this heavily treed neighborhood. In fact, there are still some homes that were renovated in 2009, after Hurricane Gustav in 2008, that are still on the market and haven’t yet sold.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to August 23, 2011. This information was extracted on 8/23/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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 Housing Market, Baton Rouge Real Estate Trends | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, East Baton Rouge, Gbrmls, Home Appraiser, Hurricane Gustav, Livingston Parish, Price Per Square Foot, Price Trends, Real Estate Investors, Sherwood Forest, Wealth Of Knowledge, West Baton Rouge, West Baton Rouge Parish | No Comments »
Baton Rouge Real Estate Correction: Forest Oaks Subdivision 2011 Update 70815
http://www.facebook.com/brrebuzz – Baton Rouge Real Estate Correction: Forest Oaks Subdivision 2011 Update 70815.
GBRMLS data for the Forest Oaks Subdivision revealed these interesting findings. From 2004 to 2009, the median sales price increased from $84,700 to $106,200. From 2009 to 2010 to 2011, median sales price declined from $106,200 down to $97,500 and $93,000. There are currently 13 MLS Listings from $46,500 to $115,000. Ten of these are active listing at an average price of $74/sf, which is substantially above market. In contrast, the 3 pending listings are pending at an average $54/sf and the 6 home sales in Forest Oaks in 2011 sold for an average of $62.88/sf. SO, If you plan on buying a home in Forest Oaks in 2011, ask yourself why these 10 listings are priced $10.67/sf ABOVE what the other 6 homes sold for and then order a Greater Baton Rouge Pre-Purchase Appraisalto make sure you don’t pay too much for Baton Rouge Real Estate.
CHART OF FOREST OAKS HOME SALES SINCE 2004
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2004 to July 26, 2011. This information was extracted on 7/26/2011. 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 Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Association Of Realtors, Baton Rouge Parish, Baton Rouge Real Estate News, Bill Cobb, East Baton Rouge, Facebook, Forest Oaks, Gbrmls, Home Appraiser, Livingston Parish, Median Sales Price, Mls Listings, Price Trends, Real Estate Investors, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
Zachary LA Home Appraiser Housing Update: 2008-2011 Pointe South
http://www.zacharylouisianarealestate.info/ – Zachary LA Market Metrics: 2008-2011 Pointe South Homes Sales Report. I recently completed an appraisal an an 1,800sf 5 year sold home in Pointe South Subdivision and made these discoveries. The Pointe South market itself is generally performing better than competing home sales in Zachary as a whole.
For Example, the GBRMLS Chart for Pointe South itself below shows a continuing upward direction for Median Sales Prices. This MLS chart for Pointe South shows the 4 solds in 2011 have increased the Median Sales Price to $259,450, a substantial increase over 2007, 2008, 2009 and 2010 when the Median Sales Prices were $234,000, $230,000 and $248,000. However, the second MLS chart below shows All competing solds since 6/2008 and a correction downward since 5/2010. Because Pointe South itself is performing well, no declining markets adjustments were applied.
The Chart below shows a correction since May 2010 for competing homes in general.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 16, 2011. This information was extracted on 5/16/2011. 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 Realtor, Baton Rouge Realtors, East Baton Rouge Parish, Zachary LA Real Estate 70791 | Tags: Accurate Valuations, Appraisal Group, Appraisal Office, Ascension Parish, Association Of Realtors, Bill Cobb, Gbrmls, Home Appraiser, Livingston Parish, Market Metrics, Median Sales Price, Median Sales Prices, Price Trends, Real Estate Investors, Report Author, Solds, Substantial Increase, Upward Direction, Wealth Of Knowledge, West Baton Rouge Parish | No Comments »
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 »
Zachary La Real Estate: Success of Windsor Place Creates Demand For Second Filing
http://www.zacharylouisianarealestate.info/ – Zachary La Real Estate Minute: Windsor Place Subdivision 2010-2011 Report. With a marketing time period or average days on the market of only 31 in 2010 and 39 in 2011, clearly the market wants more of this housing! Since 6/1/2010 in Zachary and excluding Windsor Place home sales, the average days on market has been 140 days for other builders!
Metra Area Home Builder, DSLD Homes, has found a sweet spot in the Zachary market! In approximately one year, DSLD has filled up the first filing with new homes…new homes the market likes and wants at affordable pricing! This is the same company, or partners, that purchased approximately $10,000,000 in lots in Ascension Parish in the past two years! DSLD is meeting a need in the Greater Baton Rouge housing market by building larger homes locals can afford!
Here’s My Video Posted On March 28, 2010, 1 Year To The Day!
Here’s My Video Posted On 3/27/2011 of Windsor Place
Average Sales Price: $189,548
Median Sales Price: $187,000
Average Sold Price: $97.22/sf
Average Days On Market: 31
Average Sales Price: $194,120
Median Sales Price: $190,300
Average Sold Price: $94.13/sf
Average Days On Market: 39
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 East Baton Rouge Parish, Zachary LA Real Estate 70791 | Tags: Association Of Realtors, Bill Cobb, Dsld, Estate Success, Gbrmls, Greater Baton Rouge, Home Builder, Housing Market, January 1, Locals, March 25, Marshall, Median Sales Price, New Homes, New Windsor, Price Trends, Sweet Spot, Time Period, Windsor Place, Zachary La | 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 Housing Trends: Woodstone Estates 2005-2010 Home Sales Report
http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Housing Trends: Woodstone Estates 2005-2010 Home Sales Report
Total # 2010 Sales: 11
Average Sales Price: $385,127
Median Sales Price: $384,900
Average Sold Price: $116.37/sf
Average List To Sale Price Ratio: 96%
Average Days On Market: 132
One 2011 Sale $389,000 or $129/sf. It appears Woodstone Median Sales Price Is Increasing Again. Median Prices since 2007 have been $462,600, $417,450, $315,000, $384,900 and now $389,000 in 2011. So, there was the rise in prices after Hurricane Katrina, then the deflating of the market and now this specific market appears to be on the rise!
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 Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends | Tags: Association Of Realtors, Gbrmls, Greater Baton Rouge, Hurricane Katrina, January 1, March 25, Median Prices, Median Sales Price, Price Ratio, Price Trends | 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!
Baton Rouge Home Appraisal Video: 2010 Village St. George Subdivision Update
http://www.batonrougehomeappraisal.com/ – Baton Rouge Home Appraisal Video: 2010 Village St. George Subdivision Update
Solds In Village St George Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $125,857 ($126,909 in 2009)
Average Sold Price Per Sq. Ft.: $89.61/sf ($86.39/sf in 2009)
Median Sold Price: $129,000 ($123,000 in 2009)
Number of Sales: 21 (11 in 2009)
Average Number of Days On Market: 94 (67 in 2009)
Low To High: $79,000 to $160,000
Number of Distressed Sales Noted In MLS: “3″
Current # Listings: 11, 3 Are Distressed Listings
Current Listings Price: $89,900 to $149,900 or $61/sf to $120/sf
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 1/31/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Tags: Appraisers Baton Rouge, Appraisers in Baton Rouge, Baton Rouge Estate Minute, Baton Rouge Garden District, Baton Rouge Home Appraisers, Baton Rouge Homes, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Trends, Baton Rouge Realtor, Baton Rouge Realtors,
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate Trends | Tags: Association Of Realtors, Baton Rouge Real Estate News, Baton Rouge Realtor, December 31, Distressed Sales, Gbrmls, Greater Baton Rouge, Home Appraisal, Home Appraisers, Housing Market, January 1, Mls, Price Trends, Real Estate Trends, Sf 86, Solds, Sq Ft, St George, Trends Report, Video Update | No Comments »