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Video: Is East Baton Rouge Really Doing As Well As Reported In Terms Of Foreclosures?
Tuesday, August 25th, 2009Baton Rouge FHA Appraiser Appraises Zeeland Place 70808
Wednesday, April 29th, 2009Baton Rouge FHA Home Appraisers
Baton Rouge FHA Appraiser Appraises Zeeland Place 70808
Solds from 01/01/2008 to 04/25/2009 reveal:
Average Sales Price: $212,088
Average Sold Price Per Sq. Ft.: $125.10/sf
Median Sold Price: $209,350
Low Sales Price: $161,000
High Sales Price: $265,000
Average # of Days On Market: 72 Days On Market
# of Sales: 8
Baton Rouge Business Report: Louisiana holds up better than most in recession
Wednesday, April 15th, 2009http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report: Louisiana holds up better than most in recession
Source and Article: Baton Rouge Business Report
Here’s a brief snippet:
“When Louisiana Gov. Bobby Jindal touts the state’s job market and New Orleans Mayor Ray Nagin sells his city as one of the best places to ride out the recession, it’s not just routine boosterism. In the midst of a severe nationwide downturn, the Louisiana economy is holding up better than most. It’s a role reversal from a few years ago, when Louisiana was one of the country’s weaker states financially following the destruction caused by Hurricane Katrina.”
Federal Housing Finance Authority Has Fantastic News For Greater Baton Rouge 2/24/2009
Tuesday, February 24th, 2009http://batonrougerealestateappraisal.com/ – Federal Housing Finance Authority Has Fantastic News For Greater Baton Rouge 2/24/2009
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Very Good News For Baton Rouge!
2/24/2009 Federal Housing Finance Agency Reports Baton Rouge Q4 with a -0.68% decline in home prices AND a 1 year decline in 2008 of only -0.30%.
See page 30 of their report: http://www.fhfa.gov/webfiles/1280/4q08hpi.pdf
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Baton Rouge's Park Forest Subdivision Q1 2009 Update
Saturday, February 21st, 2009http://batonrougerealestateappraisal.com/ – Baton Rouge’s Park Forest Subdivision Q1 2009 Update
Solds In Park Forest From 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $148,627
Average Sold Price Per Sq. Ft.: $84.91
Median Sold Price: $147,900
Low Sales Price: $110,000
High Sales Price: $280,000
Average # of Days On Market: 43
# of Sales: 51
Solds In Park Forest From 01/01/2008 to 02/18/2009 reveals:
Average Sales Price: $134,043
Average Sold Price Per Sq. Ft.: $88.41
Median Sold Price: $134,450
Low Sales Price: $90,000
High Sales Price: $196,000
Average # of Days On Market: 94
# of Sales: 28
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining. The Average Sales Price has declined -$14,584 or -9.81%. Median Sales Price has declined -$13,450 or -9.09%. Average Sold Price Per Sq. Ft. has increased +$3.50/sf or +4.12%.
Park Forest data is presented with the permission of the Greater Baton Rouge Association of Realtors.
Author’s Bio:
Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal 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
fastvalue2@cox.net
http://greaterbatonrougerealestatetv.blogspot.com/
Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809
Sunday, February 8th, 2009Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809 – http://batonrougerealestateappraisal.com/
Westminster Place / Pine Park Subdivisions Map
Pine Park Subdivision: Solds $252,900K to $275K, 2 sales since 1/1/08, avg size 2,559sf, avg sold price $103.53/sf, median sales price $264K, List-Sales Ratio: 96.12%.
An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $251,600
Average Sold Price Per Sq. Ft.: $92.83
Median Sold Price: $215,000
Low Sales Price: $199,900
High Sales Price: $339,900
Average # of Days On Market: 20
# of Sales: 3
An MLS CMA of this Subdivision from 01/01/2008 to 01/17/2009 reveals:
Average Sales Price: $263,950
Average Sold Price Per Sq. Ft.: $103.53
Median Sold Price: $263,950
Low Sales Price: $252,900
High Sales Price: $275,000
Average # of Days On Market: 37
# of Sales: 2
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pine Park Subdivision, the market direction appears to be increasing. However, it’s difficult to draw a conclusion based on only 3 sold sin 2007 and 2 solds in 2008. So, this data may not be totally reliable for a trend conclusion. Pine Park data used with the permission of the Greater Baton Rouge Board of Realtors.
Author’s Bio:
Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal 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
Baton Rouge Pre-Listing Appraisals
The Lakes At Highland Update, Baton Rouge Real Estate Market Update
Saturday, February 7th, 2009http://batonrougerealestateappraisal.com/ - The Lakes At Highland Update, Baton Rouge Real Estate Market Update
The Lakes At Highland Subdivision Baton Rouge Louisiana 70810
The Lakes At Highland (LAH) is a high-end residential development in the highest price zip code within the Baton Rouge marketing area. Home prices within LAH are generally in the $350K to approx. $750K range with a median sales price since 11/03/2007 of $472,000.
Solds From Within The Lakes At Highland Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $492,625
Average Sold Price Per Sq. Ft.: $158.34
Median Sold Price: $478,250
Low Sales Price: $375,500
High Sales Price: $685,000
Average # of Days On Market: 70
# of Sales: 12
Solds From Within The Lakes At Highland Subdivision from 01/01/2008 to 01/10/2009 reveals:
Average Sales Price: $473,938
Average Sold Price Per Sq. Ft.: $159.49
Median Sold Price: $498,500
Low Sales Price: $356,000
High Sales Price: $575,000
Average # of Days On Market: 42
# of Sales: 8
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within subdivision, the market direction appears to be increasing to remaining stable/steady. Stable/Steady was chosen as a result of the large # of competing homes on the market.
The Average Sales Price has decreased by -$18,687. This could be due to the fact that there were 2 sales in the first period in 2007 in the $655,000 to $685,000 plus range. These higher sales would have worked to skew the numbers in the second period where the sales were up to $575,000.
Median Sales Price has increased by +$20,250.
Average Sold Price Per Sq. Ft. has increased by +$1.15/sf.
The Lakes At Highland Subdivision Data Is Used With The Permission Of The Greater Baton Rouge Board Of Realtors.
Author’s Bio:
Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Home Appraisal 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
Senate OKs $15,000 Bonus for Greater Baton Rouge Home Buyers
Saturday, February 7th, 2009Senate OKs $15,000 Bonus for Greater Baton Rouge Home Buyers
Housing could get a big boost from the latest addition to the mammoth stimulus bill working its way through Congress.
Senate legislators unanimously approved a proposal Wednesday that would allow a tax credit for home buyers of 10 percent of the value of new or existing residences, up to a $15,000 limit. Current law provides for a $7,500 tax break but only for first-time homebuyers.
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Baton Rouge Ranks 10th For Annual Economic Growth Out Of 88 Total Markets
Saturday, February 7th, 2009Baton Rouge Ranks 10th For Annual Economic Growth Out Of 88 Total Markets
“An analysis of the country’s 88 biggest labor markets found that Baton Rouge had the 10th largest growth over the past year. The Capital Region added 4,000 jobs from December 2007 to December 2008, according to a Bizjournal.com analysis of federal employment statistics. Read More