Accurate Valuations Group
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Posts Tagged ‘Time Period’
Zachary La Real Estate: Success of Windsor Place Creates Demand For Second Filing
03/28/2011 | 
Author 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 | 
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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 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 »