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

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.

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

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.

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.

Confused 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/

http://www.gbrprepurchasehomeappraisals.com/

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.

If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver! Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.

If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver! Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.

For the real estate professional, having the protection of a home warranty on their listed and sold homes can be a “career-saver!” Buyers usually contact their real estate agents for help in resolving such problems after the sale. This call from the buyer is much less stressful when a home warranty is in place!

The types of residential homes covered by home warranties are: single family homes, multi-unit homes, condominiums, mobile homes – both resale and new construction.

Old Republic Home Protection Coverage Includes:
* Undetectable Pre-Existing Conditions
* Failure due to Lack of Maintenance
* Failure due to Rust and Corrosion
* 13 SEER Upgrades
* Water Heater Sediment
* Washer, Dryer & Kitchen Refrigerator
* Garage Door Opener

Contact:

Webb Wartelle

Sr. Account Executive, Old Republic Home Protection

1.800.282.7131 Ext. 1285

2009 Greater Baton Rouge Assn of Realtors Affiliate of the Year

http://www.orhp.com/

Tags: Baton Rouge Home Warranty, Baton Rouge Home Warranties, Home Warranty Baton Rouge, Home Warranties Baton Rouge, Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Home Protection, Baton Rouge Home Inspection, Baton Rouge Home Inspectors, Home Protection

In this Baton Rouge Housing updating, January 22-28, 2012 are reported for the eight (8) parish MSA including East Baton Rouge, Ascension, Livingston and West Baton with  Iberville, East and West Feliciana and Pointe Coupee combined as “ALL”. 

Other Greater Baton Rouge Housing Statistics January 22-28:

LISTINGS:

Total Current Listings: 5,035

Foreclosure Listings: 490 or 10% of total listings

3rd Party Active Listings: 330 or 7% of total listings

Short Sale Active or Potential SS Listings: 250 or 5% of total listings

SOLDS From 01/22/2012 – 01/28/2012:

Total Number of Solds: 65

Foreclosures Sold: 14 or 22% of Solds

3rd Party Solds: 8 or 12% of total solds

Short Sales Solds: 8 or 12% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 30 or 46% of all solds

Low To High Sales Prices: $16,000 to $475,000

New Home Sales: 18 or 28% of all sales

East Baton Rouge MLS Area with most home sales: 43 with 9 sales

CUMULATIVE TOTALS FOR 2012Total Number of Sales: 290

ASCENSION: 65
EAST BATON ROUGE: 149
EAST FELICIANA: 0
LIVINGSTON: 59
IBERVILLE: 2
POINTE COUPEE: 8
WEST BATON ROUGE: 6
WEST FELICIANA: 1

Foreclosures Sold: 69 or 24% of Solds

3rd Party Solds: 33 or 11% of total solds

Short Sales Solds: 47 or 16% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 149 or 51% of all solds

AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $192,043
ASCENSION: $190,747
LIVINGSTON: $144,439
OTHER: $158,993

MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $158,500
ASCENSION: $166,450
LIVINGSTON: $138,900
OTHER: $159,900

AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 116
ASCENSION: 105
LIVINGSTON: 133
OTHER: 157

LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 99%
LIVINGSTON: 97%
OTHER: 92%

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Important Video: Foreclosure Mythbusting by John C. Jones

_____________________________________________________________________

OTHER NATIONAL AND LOCAL HOUSING NEWS:

December Existing-Home Sales Show Uptrend

 Business Report Releases Baton Rouge’s 10 most expensive home sales of 2011

Juban Crossing Developer: Site work continues; deals with retailers in the works

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NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/28/2012.  This information was extracted on 01/29/2012.  Excludes Manufactured Housing.

Here are the Summerfield Subdivision housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $192,380 in 2010 to $174,150 in 2011 or -9.5%. Median sales price was was down from $189,500 in 2010 to $175,000 in 2011 or -7.7%. However, the average sold price per sq. ft. was only down $2.42/sf or -2.45% from $98.58/sf to $96.16/sf.

Distressed Properties To Blame For Decline. I suspect part of this decline was due to 2 of the 5 total sales being 1 foreclosure and 1 short sale or 40% of total sales. And, Summerfield is simply correcting in price along with the remainder of Greater Baton Rouge Housing.

Denham Springs Summerfield Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/24/2011 to 01/24/2012. This information was extracted on 01/24/2012.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above. Since there were no sales in December 2010 and December 2011, some of the data is incomplete.

Summerfield Subdivision Denham Springs LA 2011 Housing Report

The Legal Name of this development at the Livingston Parish Courthouse and in filing records is Westminister Estates, meaning the sign is wrong. Here are the Westminister Estates housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $149,880 in 2010 to $140,293 in 2011 or -6.4%. Median sales price was basically unchanged. However, the average sold price per sq. ft. had a -$10.43/sf decline from $91.52 in 2010 to only $81.09/sf in 2011.

Foreclosures To Blame. I suspect part of this decline was due to 7 of the 15 total sales being foreclosures or 47% of total sales. This means that of the 15 total home sales, 7 were in some form of distress.

Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.

Dec-10 vs. Dec-11: The median sold price is down 11%

Dec-10 vs. Dec-11: The median price of for sale properties is up 3% and the median price of sold properties is down 11%

Dec-10 vs. Dec-11: The number of Sold properties has not changed

Dec-10 vs. Dec-11: The number of Under Contract properties is down 100%

Dec-10 vs. Dec-11: The number of New properties is down 50%

Dec-10 vs. Dec-11: The number of For Sale properties is down 44%

Dec-10 vs. Dec-11: The number of Expired properties is down 100%

Dec-10 vs. Dec-11: The number of for sale properties is down 44% and the number of sold properties has not changed

Dec-10 vs. Dec-11: The average days on market is down 100%

Dec-10 vs. Dec-11: The average months supply of inventory is down 100%

Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report