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Posts Tagged ‘Real Estate Appraisal’
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 | 
2 Comments »
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.
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.
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Home Appraisers, Baton Rouge Housing Market | Tags: Association Of Realtors, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Bill Cobb, Bluebonnet, Buil, Country Club Of Louisiana, D8, Essen, Greater Baton Rouge, Home Appraiser, Housing Market, Louisiana Area, Market Trends, Nbsp, Parameters, Real Estate Appraisal, Real Video, Specifics, Video Link | No Comments »
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
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
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers | Tags: Aids, appraisal software, Baton Rouge Real Estate News, Baton Rouge Real Estate News, Communication Software, home appraisal software, Local Real Estate, Mai, Mapping Feature, Nbsp, Real Estate Appraisal, Real Estate Appraisal Software, Real Estate Professionals, Sfrep, Software Company, Underwriter, Underwriters, Video Link | No Comments »
Baton Rouge Real Estate Appraisal: Cost of Living At An All-Time High, Sends Mortgage Rates Higher
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: Cost of Living At An All-Time High, Sends Mortgage Rates Higher
This is a “reblog” from Josh Schoenly At Harrisburg PA Homes
Mortgage rates are up 0.875% since mid-November, causing home buyer purchasing power to fall more than 10 percent since.
Persistent concerns over inflation are a major reason why and this week’s Consumer Price Index did little to quell fears. CPI rose for the third straight month last month.
Wall Street was not surprised.
As the economy has picked up steam since late-2010, the Federal Reserve has held the Fed Funds Rate near zero percent, and kept its $600 billion bond plan moving forward. The Fed believes this is necessary to support the economy in the near-term.
Over the long-term, however, Wall Street worries that these programs may cause the economy may expand too far, too fast, and into runaway inflation.
Inflation pressures mortgage rates to rise.
Inflation is an economic concept; defined as when a currency loses its value. Something that used to cost $1.00 now costs $1.05, for example. It’s not that the goods themselves are more expensive, per se. It’s that the money used to buy the goods is worth less.
Because of inflation, it takes more money to buy the same amount of product.
This is a big deal in the mortgage markets because mortgage rates come from the price of mortgage bonds, and mortgage bonds are denominated, bought, and sold in U.S. dollars. When inflation in present, the dollar loses its value and, therefore, so do mortgage bonds.
When mortgage bonds lose value, mortgage rates go up.
Inflation fears are harming home buyers. The Cost of Living has reached a record level, surpassing the former peak set in July 2008. Mortgage rates would be rising more right now if not for the Middle East unrest.
So long as inflation concerns persist, mortgage rates should trend higher over the next few quarters. If you’re wondering whether to lock or float your mortgage rate, consider locking today’s sure thing.
Posted in Baton Rouge Real Estate, Greater Baton Rouge Economic News | Tags: Baton Rouge Real Estate News, Consumer Price Index, Cpi, Economic Concept, Fed Funds Rate, Federal Reserve, Harrisburg Pa, Home Buyer, Inflation Concerns, Inflation Fears, Inflation Pressures, Inflation Rates, Middle East Unrest, Mortgage Bonds, Mortgage Markets, Mortgage Rates, Purchasing Power, Real Estate Appraisal, Runaway Inflation, Zero Percent | No Comments »
Baton Rouge Real Estate Appraisal Video: 2010 Monticello Subdivision Report
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal Video: 2010 Monticello Subdivision Report
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
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!
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 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 Appraisers, Housing Market, January 1, Mls, Monticello, Nbsp, Price Trends, Real Estate Appraisal, Real Estate Trends, Real Video, Solds, Sq Ft, Trends Report | No Comments »
Baton Rouge Real Estate Appraisal: 2010 Park Forest E Subdivision Market Metrics
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal: 2010 Park Forest E Subdivision Metrics
Solds In Park Forest East Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $109,878 ($133,242 in 2009)
Average Sold Price Per Sq. Ft.: $72.47/sf ($83.45/sf in 2009)
Median Sold Price: $135,000 ($135,000 in 2009)
Number of Sales: 11 (12 in 2009)
Average Number of Days On Market: 95 (130 in 2009)
Low To High: $39,900 to $145,000 (Yes, A Home Sold For $39,900)
Number of Sold REO/Foreclosures Noted In MLS: “5″
Current # Listings: 8, 3 Are Distressed Listings
Current Listings Price: $89,900 to $147,400 or $59/sf to $98/sf
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 1/31/2011. 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 Houses, Baton Rouge Housing Market, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate, Baton Rouge Realtor, Baton Rouge Realtors | Tags: Association Of Realtors, Baton Rouge Real Estate News, Baton Rouge Realtor, December 31, Foreclosures, Gbrmls, Greater Baton Rouge, Home Appraisers, Housing Market, January 1, Market Metrics, Mls, Park Forest East, Price Trends, Real Estate Appraisal, Real Estate Trends, Reo, Sq Ft, Trends Report | No Comments »
Baton Rouge Real Estate Appraisal: Country Club Estates Home Sales Summary
http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Home Appraisal Blog: 2010 Country Club Estates Home Sales Report
Country Club Estates is conveniently located near the center of Baton Rouge, near Bocage Area and generally within the Baton Rouge Garden District!
Solds In Country Club Estates Subdivision from 1/2010 to 12/31/2010 revealed:
Average Sales Price: $155,650 ($154,000 in 2009)
Average Sold Price Per Sq. Ft.: $120.28/sf ($115.78/sf in 2009)
Median Sold Price: $158,500 ($155,000 in 2009)
Number of Sales: 5 (3 in 2009)
Average Number of Days On Market: 80 (48 in 2009)
Low To High: $131,900 to $177,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 3, 0 Are Foreclosures
Current Listings Price: $134,900 to $299,000 or $118/sf to $132/sf
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!
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, Country Club Estates, 70809
Posted in Baton Rouge Appraisal, Baton Rouge Appraisals, Baton Rouge Appraisers, Baton Rouge Homes, Baton Rouge Houses, Baton Rouge Pre-Listing Appraisals, Baton Rouge Real Estate Appraisal, Baton Rouge Real Estate Appraisers, Trends Baton Rouge Real Estate | Tags: Association Of Realtors, Baton Rouge Real Estate News, Baton Rouge Realtor, December 31, Foreclosures, Gbrmls, Greater Baton Rouge, Home Appraisal, Home Appraisers, Housing Market, January 1, Median, Mls, Price Trends, Real Estate Appraisal, Real Estate Trends, Reo, Solds, Sq Ft, Trends Report | No Comments »
Baton Rouge Real Estate Appraisal Dot Com Three Year Study of Jefferson Crossing
http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisal Dot Com Three Year Study of Jefferson Crossing
Baton Rouge Housing Market Metrics New Three Year Study of Jefferson Crossing: Northern Ascension Parish Housing Market Metrics: Jefferson Crossing 3 Year Study
Posted in Ascension Parish Real Estate News, Greater Baton Rouge Economic News, Greater Baton Rouge Real Estate News, Greater Baton Rouge Subdivision Video Tours | Tags: Ascension Parish, Baton Rouge Real Estate News, Dot Com, Housing Market, Jefferson Parish, Market Metrics, New Year, Real Estate Appraisal | 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 »
Greater Baton Rouge Real Estate: Understanding difference between appraisals and tax assessments
http://www.batonrougerealestateappraisal.com/ – Greater Baton Rouge Real Estate: Understanding the difference between an appraisal and an assessment!
Lea Miller has written an article I wanted to share locally: Understanding the difference between an appraisal and an assessment . Here are a few snippets (not the entire article) from her article below:
“A real estate appraisal is an estimation of market value. Lenders usually require appraisals for homes on which they are asked to lend money in the form of a mortgage or home equity loan. Appraisals are performed by trained professionals who are licensed by the state in which they operate. The appraiser may be hired by you or by the lender, but is an impartial third-party who provides an objective analysis of the property’s value.
An assessment, on the other hand, is conducted by a municipality when evaluating properties for the purpose of levying property taxes. Municipalities look at the overall value of properties in an area and the specific use of a particular property. For example, commercial properties like professional offices are assessed at a different rate, even though they may be in buildings that are just like homes in the same area. Property tax may also vary depending on the last date the property changed hands. Today, computer technology streamlines the process of assessment and allows for sophisticated statistical models. Many states offer homeowner’s exemptions, which reduce the assessed value of a property when it is the owner’s primary residence.
Municipalities typically send assessment notices yearly in advance of the issuance of property tax bills for the year. A provision is made for an appeals process if the property owner does not feel that the assessment is correct.
In a stable real estate market, appraisal and assessment values may be similar, but never make the assumption that if you have one that you know the other. Market fluctuations, lag time from assessment to notification, and recent renovations or improvements may cause a disparity between the two numbers.”
Tags: Baton Rouge Real Estate, appraisal and tax assessement differences
Posted in Baton Rouge Real Estate, Greater Baton Rouge Real Estate News, Home Appraisals Versus Tax Assessments, Real Estate Baton Rouge | Tags: Appeals Process, Assessment Notices, Assessment Values, Baton Rouge Real Estate News, Computer Technology, Greater Baton Rouge, Home Equity Loan, Last Date, Loan Appraisals, Market Appraisal, Municipalities, Objective Analysis, Professional Offices, Property Owner, Property Tax Bills, Property Taxes, Real Estate Appraisal, Snippets, Statistical Models, Tax Assessments | No Comments »