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About Baton Rouge Real Estate Buzz

Baton Rouge Real Estate Buzz has been a member since February 22nd 2010, and has created 397 posts from scratch.

Baton Rouge Real Estate Buzz's Bio

Bill Cobb is a local Greater Baton Rouge Home Appraiser with 18 years experience. Bill is a life-long resident of the area knows the pulse of the local housing market!

Baton Rouge Real Estate Buzz's Websites

This Author's Website is http://www.batonrougerealestateappraisal.com

Baton Rouge Real Estate Buzz's Recent Articles

Week In Review In Baton Rouge Real Estate February 11-18, 2012

http://www.batonrougehousingreports.com/ - Week In Review In Baton Rouge Real Estate (February 11-18, 2012). Housing numbers and interesting facts.

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Greater Baton Rouge Housing Statistics:

LISTINGS:

Total Current Listings: 5,249

Foreclosure Listings: 501 or 10% of total listings

3rd Party Active Listings: 331 or 6% of total listings

Short Sale Active or Potential SS Listings: 190 or 4% of total listings

SOLDS From 02/11/2012 – 02/18/2012:

Total Number of Solds: 81

Foreclosures Sold: 9 or 11% of Solds

3rd Party Solds: 5 or 6% of total solds

Short Sales Solds: 11 or 14% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 25 or 31% of all solds

Low To High Sales Prices: $16,575 to $575,000

I Appraised The $575,000 Home Sale On Amberwood Drive

16829 Amberwood Drive Baton Rouge LA 70810 Winter

 

New Home Sales: 21 or 26% of all sales

East Baton Rouge MLS Area with most home sales: 53 with 7 sales

CUMULATIVE TOTALS FOR 2012

Total Number of Sales: 647

ASCENSION: 144
EAST BATON ROUGE: 323
EAST FELICIANA: 1
LIVINGSTON: 132
IBERVILLE: 11
POINTE COUPEE: 16
WEST BATON ROUGE: 18
WEST FELICIANA: 2
NOTE: 93% of Home Sales Took Place in ASC, EBR, LIV and WBR Parishes, which is why I don’t understand WHY there’s an “8″ Parish MSA.

Foreclosures Sold: 149 or 23% of Solds

3rd Party Solds: 73 or 11% of total solds

Short Sales Solds: 108 or 17% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 330 or 51% of all solds

 

AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $215,856
ASCENSION: $213,352
LIVINGSTON: $153,900
OTHER: $312,020

MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $198,000
ASCENSION: $201,000
LIVINGSTON: $152,900
OTHER: $286,450

AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 107
ASCENSION: 144
LIVINGSTON: 87
OTHER: 252

LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 97%
LIVINGSTON: 99%
OTHER: 94%

NUMBER LISTINGS CURRENTLY PENDING:
EAST BATON ROUGE: 645
ASCENSION: 241
LIVINGSTON: 184
OTHER: 94

NUMBER NEW LISTINGS:
EAST BATON ROUGE: 105
ASCENSION: 47
LIVINGSTON: 37
OTHER: 27

NUMBER SOLD LISTINGS:
EAST BATON ROUGE: 43
ASCENSION: 21
LIVINGSTON: 9
OTHER: 6

 

NOTE: Excludes Manufactured Housing

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 02/11/2012 to 02/18/2012. This information was extracted on 02/20/2012.

 

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Video: Westdale Heights Photos on Baton Rouge Real Estate Buzz

http://www.batonrougerealestatebuzz.com/ – Westdale Heights Photos on Baton Rouge Real Estate Buzz

I recently completed a Home Appraisal in Westdale Heights and snapped these photos of this beautiful subdivision in 70808.

 

1184 Country Club Drive Baton Rouge LA 70808 Westdale Heights

 

1544 Country Club Drive Baton Rouge LA 70808 Westdale Heights

 

1528 Country Club Drive Baton Rouge LA 70808 Westdale Heights

 

1630 Marshall Drive Baton Rouge LA 70808 Westdale Heights

 

1711 Marshall Drive Baton Rouge LA 70808 Westdale Heights

 

1755 Avondale Drive Baton Rouge LA 70808 Westdale Heights

 

1932 Country Club Drive Baton Rouge LA 70808 Westdale Heights

 

4829 Greenside Ln Baton Rouge LA 70808 Westdale Heights

 

4942 Westdale Drive Baton Rouge LA 70808 Westdale Heights

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Don’t Believe Central Greenwell Springs Home Values Declined Since 2008? Think Again!

Don’t Believe Central Greenwell Springs Home Values Declined Since 2008? Think Again!

I’m working a Greater Baton Rouge Pre-Listing Appraisal for a local REALTOR®. This home sold in 2008 between a price of $127,000 to $129,000. 2008 was the year Cedar Mill Run reached an all time high of $102.09/sf. Since 2008, sold prices per sq. ft. have declined from $101/sf, $100/sf and $92/sf in 2011. That’s Right, in 2011, there were 9 total home sales averaging $119,470, $92.33/sf and median $120,900, which is a correction. In fact, home sales have slowed in Cedar Mill Run, so much so that I only have 2 home sales to use that sold in the previous 6 months, in 09/2011 and in 12/2011. This is very odd for this development. Furthermore, there’s 9 competing listings in Cedar Mill Run, which is added competition and a high number of listings. The home I’m appraising, that sold between $127,000 to $129,000 in 2008, is having problems selling and it’s one of the newer homes in updated condition. It appears the evenutal sales price will be in the low $120′s, meaning the owners are currently upside down and resulting in a potential loss of $4,000 to $8,000.

THE POINT. So, YES, it’s possible to be upside down in Greater Baton Rouge Real Estate and despite a great school system in Central, home values, at least in Cedar Mill Run, have corrected somewhat.

cedar-mill-run-subdivision

Bill Cobb with Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.

Contact Information:
Accurate Valuations Home Appraisal Group
P.O. Box 40515, Baton Rouge, LA 70835
Baton Rouge Office: 225.293.1500
Toll Free: 1.888.678.3544
Toll Free Fax: 1.866.663.6065
Denham Springs Office – Local #: 225.709.6013
Staff Email: info@accuratevg.com
Website: http://www.accuratevg.com/

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to December 31, 2011. This information was extracted on 01/16/2012.

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Your Baton Rouge Home, What’s It Worth?

http://www.gbrprelistingappraisals.com/ - What’s Your Baton Rouge Home Worth? Pre-Listing Appraisals Provide Answers! Order a GBR Pre-Listing Appraisal here.

questionmarkConfused About Listing Your Home? Whether Listing FSBO (For Sale By Owner) or With A Local Real Estate Agent, You Need A Pre-Listing Appraisal! WHY? Watch The Video Below! ANSWER: To Make Sure That A Real Estate Professional Measures Your Home Based on National ANSI Standards For Accurate Living Area Size and Then Prices Your Home Based On That Accurate Size.

Baton Rouge Home Sellers And Buyers Lose Money or Pay Too Much Without Listing Appraisal. Order A Pre-Listing Appraisal So You Don’t Undersell Your Home. Order A Pre-Purchase Appraisal So You Don’t Over Pay For A Home!

Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.
Contact Information:
Accurate Valuations Home Appraisal Group
P.O. Box 40515, Baton Rouge, LA 70835
Baton Rouge Office: 225.293.1500
Toll Free: 1.888.678.3544
Toll Free Fax: 1.866.663.6065
Denham Springs Office – Local #: 225.709.6013
Staff Email: fastvalue2@cox.net
Website: http://www.accuratevg.com/

http://www.gbrprelistingappraisals.com/

greater-baton-rouge-prelising-prepurchase-home-appraisals

 

http://www.gbrprepurchasehomeappraisals.com/

greater-baton-rouge-prepurchase-home-appraisals

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Baton Rouge Home For Sale: 10179 Cletus Drive in Red Oak Subdivision 70815

http://www.gbrhomesforsale.com/ – Baton Rouge Home For Sale: 10179 Cletus Drive in Red Oak Subdivision 70815

Great Updated Home! New Roof 2009. All kitchen appliances only 2 years old. Beautiful Floors! Great closets in every room! Quiet deadend street. Lot dimensions approximately 100 x 190. Living Area approx. 1900sf. Four Bedrooms, 2 Bathrooms. Contact Kristie Scivicque 225-304-6363.

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