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Posts Tagged ‘West Baton Rouge’

Baton Rouge Real Estate Trends

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

 

Sherwood Forest Subdivision Entrance Sign Baton Rouge LA 70815

 

Sherwood Forest Subdivision Baton Rouge LA 70815

 

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.

 

Sherwood Forest Subdivision Baton Rouge LA 70815 Home Price Trends

 

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!

Sherwood Forest Subdivision Baton Rouge LA

 

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/

Baton Rouge Real Estate Trends

Baton Rouge Home Appraisers Blog: University Hills Home Photos

http://www.homeappraisalsbatonrouge.com/ – Baton Rouge Home Appraisers Blog: University Hills Home Photos

University-Hills-Subdivision-Entrance-Baton-Rouge-LA-70808-LSU (1)

According to the University Hills Civic Association website, “University Hills has one of the widest entrances of any subdivision in Baton Rouge. And, it has the one of the oldest and most historic live oaks on public property in the city. The larger Centennial oak has been estimated to be nearly 300 years old. (In 1979 , it was designated “Legacy Oak” 0002 by the City-Parish Beautification Commission, meaning that it was the second oldest live oak on public property in East Baton Rouge.) The other oak, on the corner of Delgado and Tulane Drives, is approximately 200 years old.”

 

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Legacy Oak Designation Above!

The Homes Of University Hills Below Ranging in sizes from 768sf up to 4,168sf

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Homes-of-University-Hills- Baton-Rouge-LA-70808-LSU (1)

 

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Homes-of-University-Hills- Baton-Rouge-LA-70808-LSU (13)

 

Homes-of-University-Hills- Baton-Rouge-LA-70808-LSU (15)

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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.

baton-rouge-real-estate-video-blog

 

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/

Baton Rouge Real Estate Trends

Baton Rouge’s Accurate Valuations Group Reports On Weekly Housing Numbers April 15, 2011

http://www.batonrougerealestatebuzz.com/ – Greater Baton Rouge Housing Update For Week of April 15, 2011 (From April 9-15, 2011). This report covers the primary four (4) Parishes that make up Greater Baton Rouge Real Estate.

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Ascension Parish

Solds: 9 from $86,700 to $385,000, Average Sales Prices $186,403 or $100.32/sf, Median Sales Price $137,500, Average Days On Market 59.

Listings:

Currently Pending: 229 $191,106 Average Listing Price and Median Price $172,500.

New Listings: 48 With Average Listing Price of $197,932, Median Listing Price of $174,950

Pending Listings: 39 With Average Listing Price of $195,857, Median Listing Price of $189,000

 

East Baton Rouge Parish

Solds: 31 from $5,500 to $1,054,000, Average Sales Prices $216,768 or $106.51/sf, Median Sales Price $161,000, Average Days On Market 96.

Currently Pending: 585 $208,328 Average Listing Price and Median Price $166,000.

New Listings: 120 With Average Listing Price of $268,194, Median Listing Price of $186,000

Pending Listings: 100 With Average Listing Price of $208,382, Median Listing Price of $165,000

 

Western Livingston Parish

Solds: 10 from $29,000 to $455,000, Average Sales Prices $189,525 or $97.54/sf, Median Sales Price $168,500, Average Days On Market 98.

Currently Pending: 177 $149,140 Average Listing Price and Median Price $147,900.

New Listings: 31 With Average Listing Price of $175,716, Median Listing Price of $168,900

Pending Listings: 24 With Average Listing Price of $120,687, Median Listing Price of $127,950

 

West Baton Rouge Parish

Solds: 4 from $51,500 to $226,000, Average Sales Prices $166,600 or $106.33/sf, Median Sales Price $194,450, Average Days On Market 68.

Currently Pending: 21 $187,983 Average Listing Price and Median Price $193,000.

New Listings: 0

Pending Listings: 1 Listing Price of $124,900

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April, 9, 2011 to April 15, 2011. This information was extracted on 04/16/2011.

 

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/

Baton Rouge Real Estate Trends

West Baton Rouge Parish Quarterly Home Sales By Zip Code Q1 2010 versus Q1 2011 Report

http://www.batonrougerealestatetrends.net/ – West Baton Rouge Parish Quarterly Home Sales By Zip Code Q1 2010 versus Q1 2011 Report. Home Sales volume up 3.7% while correction in Average Sales Price Continues.

 

Accurate Valuations Group (Home Appraisals) has completed an analysis of the West Baton Rouge Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. CLICK ON IMAGE BELOW TO ENLARGE.

West Baton Rouge Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Accurate Valuations Group

 

This study explores ALL Single-Family Residential home sales for the three (3) zip codes below. In Q1 2010 there were 27 home sales versus 28 in Q1 2011. So, for 2011, number of sales were up by 1 or approximately +3.7%.

70767 Port Allen. For Zip Code 70767, home sales volume was down 14%, Average Sales Price was down -0.7% and Average Sold Price Per. Sq. Ft. was down -5.5%.

70719 Brusly. For Zip Code 70719, home sales volume was up 50%, Average Sales Price was down -11.4% and Average Sold Price Per. Sq. Ft. was virtually unchanged at 0.4%.

70710 Addis. For Zip Code 70710, home sales volume was up 18%, Average Sales Price down -9.9% and Average Sold Price Per. Sq. Ft. was down -2.7%.

These declines are consistent with the CoreLogic report on national home prices falling for the 7th straight month, as reported on Thursday, April 7, 2011. This is the trend for much of Greater Baton Rouge home prices.

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Visit West Baton Rouge Appaisers Here

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Visit West Baton Rouge Real Estate Buzz On Facebook

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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/

Baton Rouge Real Estate Trends

Greater Baton Rouge Area Property Tax Appeal Home Appraisals

http://www.gbrpropertytaxappeal.com/ – Greater Baton Rouge Area Property Tax Appeal Home Appraisals


We provide property tax appeal home appraisals for East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish. Cities we cover are Baton Rouge, Zachary La, Baker La, Greenwell Springs La, Port Allen La, Brusly La, Addis La, Prairieville La, Gonzales La, Geismar La, Saint Amant La, Denham Springs La, Walker La, Watson La. Appeal your property taxes today.

NOTE: It’s Responsible To State Here That We’ve Found Less Than 13% Of Local Housing Is “Over-Assessed”. Over-Assessments ARE NOT A Major Problem Locally! Most Local Housing Is Fairly Assessed By Assessor Teams That Strive To Be As Accurate As Possible! See “VIDEO EXPLANATION” for Parish by Parish Results…And, In West Baton Rouge Parish, We’ve Found No Over-Assessments Year-To-Date! This is not a cheap shot directed at our public servants as this video is complimentary of them. Our Tax Assessors are fair and will generally make it right. Bill Cobb, Appraiser

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Baton Rouge Real Estate Trends

West Baton Rouge Home Appraisers VIDEO: Missouri Acres Addis Report For 2009-2010

http://www.westbatonrougeappraiser.com/ – West Baton Rouge Home Appraisers VIDEO: Missouri Acres Subdivision in Addis Louisiana Report For 2009-2010

In Missouri Acres in 2009-2010, the median sales price for the 5 GBRMLS sales was $238,000 with an average sold price of $119.64/sf. The low to high sales prices were $219,000 to $258,000. However, this market is very slow and the days on the market it takes to sell a home has been increasing over the past two (2) years above the $225,000 price ranges.

Missouri Acres Addis La YouTube

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Missouri Acres Addis La 70710

West Baton Rouge Real Estate Appraisers is an information source provided by local West Baton Rouge Parish Home Appraiser, Bill Cobb, and Accurate Valuations Group West. Bill has 20 years experience as a residential appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! Some of the videos on this site are housing market updates provided by Bill himself and others are videos of local homes for sale by area Agents.

http://www.batonrougerealestatebuzz.com/ is also a helpful resource for local West Baton Rouge Real Estate Buzz!

While Baton Rouge Real Estate Trends Dot Net reports on the broad or macro Greater Baton Rouge Housing Markets, Baton Rouge Market Metrics Dot Com reports on the individual subdivisions within the four (4) local Parishes that make up the Greater Baton Rouge Housing Market.

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 02/13/2011.

Baton Rouge Real Estate Trends

Greater Baton Rouge Housing Trends For January 2011 Residential Sales Update

greater-baton-rouge-housing-market-wrap-300x219http://www.homeappraisalsbatonrouge.com/ – Greater Baton Rouge Housing Trends For January 2011 Residential Sales Update!

Ok, we know from the recent LREC release that in all of 2010, the number of home sale was down -7.3%. Total home sales volume was down -5.2%. And, that the “Average Sales Price”, which I am not a fan of reporting on, rose 2.3% from $197,587 in 2009 to $202,138 in 2010. To find out why I’m not a fan of using Average Sales Price, see this explanation under “AVERAGE SALES PRICE IS NOT INDICATOR WHAT WE SHOULD BE RELYING ON! .

GBRRE-Quarterly- Indicators-2010

WHAT INDICATIONS CAN WE DRAW FROM JANUARY 2011 NUMBERS? So, with 2010 being a down year for the number of home sales, how did January 2011 perform to give us an indication of what 2011 might result in?

On Facebook in 2011, there’s been a lot of positive comments from local Agents about the uptick in Agent showings and buyer interest. Is that translating into actual increase in the number of home sales?

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number-of-baton-rouge-home sales-decliningNumber Of Home Sales Down 9%. January home sales were down 9% from 2010 with 328 total sales recorded for the first month of the year versus 360 for January 2010.

No Improvement In Number Of Sales By Parish. There was no improvement in the number of home sales for ALL four local Parishes. Ascension had 73 sales in 2010 versus 72 in 2011, down 1%. East Baton Rouge had 206 sales in 2010 versus only 183 in 2011, down 11%. Livingston had 74 sales in 2010 versus 66 in 2011, down 11%. And, West Baton Rouge had 7 sales in 2010 versus 7 in 2011, unchanged.

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Average Sales Price Unchanged. Average home sales prices were up 0.61% from 2010 $188,529 to $189,688 for 2011.

Median Sales Price Up 2.5%. Median home sales prices were up 2.5% from 2010 $164,850 to $168,950 for 2011.

Average Sales Price Per Sq. Ft. Down 2.3%. Average home sales prices per square foot was down 2.3% from $99.70/sf in 2010 versus $97.40 in 2011.

Days On Market Increased. Marketing time periods also increased in 2011 to an average of 103 days versus 92 days in 2010

Number of Existing Home Sales Down, Prices Up Just Slightly. Existing home sales made up 79% or 259 of the total sales recorded with an average sales price of $189,356, median sale price of $159,900. In 2010, Existing home sales made up 76% or 274 of the total sales recorded with an average sales price of $185,144 and median sale price of $159,450. So, the 2011 average sales price is up 2.3% while the median sales price was virtually unchanged.

Number of New Home Sales Down, Prices Up. New home sales made up 21% of the total sales recorded. There were 69 new homes sold in 2011 with an average sales price of $202,197 and median sales price of $179,900 versus 86 in 2010 with and average sales price of $199,313 and median sales price of $176,598.

Number of Foreclosure Sales Up 15%, Prices Down! Bank sales were up 15% from the prior year and average bank sales prices were up 21%. Average REO Sales Prices in 2010 were $113,265 versus only $106,247 in 2011. There were 60 “REO” sales in 2011 versus 52 in 2010.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to January 1, 2011. This information was extracted on 02/11/2011. Source For Quarterly Indicators chart is LREC.

Search Parameters were Ascension, Livingston, East Baton Rouge and West Baton Rouge Parishes, All property types except Manufactured Housing and All ages.

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Baton Rouge Real Estate Trends

Baton Rouge Home Appraiser PRE-LISTING Appraisals Now Offers Semi Pro Photos and Video Marketing

http://www.gbrprelistingappraisals.com/ – Baton Rouge Home Appraiser PRE-LISTING Appraisals Now Offers Online Photos and Video Marketing

As a local Greater Baton Rouge Home Appraiser and local online real estate marketer, Accurate Valuations Group will now be able to offer semi-pro style photos for my PRE-LISTING Appraisal Clients along with HD Video Tours! Bill Cobb with Accurate Valuations Group recently made the investment in a Sony HX1 with 16mm ultra wide angle lens. The differences with the lens versus without the lens is impressive, see Before and After photos below.

Sony Cybershot HX1 With HDHat

 

Sony Cybershot HX1 With HDHat

BEFORE: Interior Photo Without The Wide-Angle Lens

Before 2

AFTER: Interior Photo With The Wide-Angle Lens

After 2

Visit http://www.gbrprelistingappraisals.com/ for more details coming soon.

What Type Of Homes Qualify For Our Pre-Listing Appraisals?

Generally, homes in restricted subdivisions between the value ranges of $40,000 up to $500,000. Bill Cobb doesn’t perform Pre-Listing Appraisals on Complex or Extraordinary Homes or Rural Homes On Acreage.

What Is Our Service or Coverage Area?

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Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778

East Baton Rouge Parish/County – ALL

Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785

West Baton Rouge/County – ALL

 

Photographing Greater Baton Rouge on Flickr @ http://www.flickr.com/photos/billcobb/

Baton Rouge Real Estate Trends

West Baton Rouge Parish Foreclosure Trends: 2010 Foreclosure Sales At 7 Percent!

http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Foreclosure Trends: 2009 2010 Foreclosure Sales Numbers! 2010 Foreclosures total 7% of sales YTD; 2009 Foreclosures totaled 5%, an increase of +2% since 2009. 4% of all MLS Listings are Foreclosures! Foreclosures are only moderately impacting this market. There’s A Major “Caveat” with the numbers below!

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The chart below represents the number of recorded West Baton Rouge Parish REO or Foreclosure Sales within the Greater Baton Rouge MLS as of 10/16/2010, with the exception of Manufactured Housing sales. The GBRMLS Areas for West Baton Rouge Parish is 70.

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Let’s put these foreclosure numbers into perspective! In 2009, there were a total of 122 sales. 6 foreclosure sales in 2009 represents only 5% of total sales. In 2010, there have been a total of 115 sales. 8 foreclosure sales in 2010 as of 10/16/2010 represents only 7% of total sales. The projected number of reo / fore closures at end of 2010 is approximately 11.

There’s A Major “Caveat” with the numbers below! Based on a 7% REO sold rate, which does appear to be an indication REOs are only moderately negatively impacting this market. It’s also stated here that an article (The Landmines Within by Michael Tarabotto http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed and that the foreclosure problem could be larger if up to 70% of REOs aren’t being listed. MLS is reporting 4 current REO listings for all West Baton Rouge MLS Area 70 out of a total 114 total listings. So, 4% of all West Baton Rouge MLS Listings are Foreclosures!

REO is “Real Estate Owned”!

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Data used with permission of the GBRMLS. Search dates are 1/1/2009 to 10/16/2010. Extraction date was 10/16/2010.

Baton Rouge Real Estate Trends

West Baton Rouge Parish Residential Building Permits Charting From 2000 Through September 2010

http://www.westbatonrougeappraiser.com/ – West Baton Rouge Parish Residential Building Permits Charting From 2000 Through September 2010

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The West Baton Rouge Parish Residential Building Permit Data Through September 2010 has been released. See the results above for actual residential building permits less those permits issued for additions or remodeling projects. In 2008, there were a total of 146, in 2009 131 and in 2010 year-to-date, there have already been 136 through September 2010. If this pace continues through 2010, there should be 181 permits issued, which will be better than both 2008 and 2009. The above data represents the number of total residential buildings, not necessarily the number of units. For example, in 2008, the U.S. Census Bureau shows that 284 total units were permitted, but only 146 residential buildings permitted.

RESIDENTIAL BUILDING PERMIT CHARTS FROM YEARS 2000 TO 2010 YEAR-TO-DATE (Sept. 2010) NOTE: Does Not Include Permits For Additions or Remodeling!

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Source: U.S. Census Bureau and Chad Calder with The Advocate Newspaper

Note: The Latest Greater Baton Rouge Residential Building Permits News is here below:

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Baton Rouge Real Estate Trends
Baton Rouge Real Estate Trends