Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report
http://batonrougehousingreports.com/ – Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report. Broadmoor home prices decline or corrects in 2011 close to 10%.
Here is the report on Broadmoor Subdivision housing numbers based on 58 home sales from end of December 2010 to end of December 2011. Note: This was a search through ALL of the Single Family Homes Broadmoor Subdivisions in GBRMLS, not just “Broadmoor Subd”. From 2010 to 2011, the Average sold price declined from $169,689 to $153,349 or -9.6%. From 2010 to 2011, the Median sold price declined from $166,000 down to $150,500 or -9.3%. From 2010 to 2011, the average sold price per sq. ft. declined from $77.93 down to $69.65 or -$8.28/sf or -10.7%. The percentage of distressed sales jumped from 17% in 2010 to approximately 36% in 2011.
Solds In Broadmoor from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $169,689
Average Sold Price Per Sq. Ft.:$77.93/sf
Median Sold Price: $166,000
Low To High Sales Prices: $85,000 to $259,950
Number of Sales: 59
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 10 or 17%
Solds In Broadmoor from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $153,349
Average Sold Price Per Sq. Ft.:$69.65/sf
Median Sold Price: $150,500
Low To High Sales Prices: $63,000 to $316,000
Number of Sales: 58
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 21 or 36%
Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to the generall overall housing correction taking place in Baton Rouge and 21 or 36% of the 58 total sales being distressed in some form compared to only 10 or 17% in 2010. This means that of the 58 total home sales, 21 or 36% were in some form of distress, which is very high for the Baton Rouge housing market.
Broadmoor 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. Yes, this appraiser does have permission to use the subdivision chart above.
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 8%
Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%
Dec-10 vs. Dec-11: The number of Sold properties is up 300%
Dec-10 vs. Dec-11: The number of Under Contract properties has not changed
Dec-10 vs. Dec-11: The number of New properties is down 62%
Dec-10 vs. Dec-11: The number of For Sale properties is down 16%
Dec-10 vs. Dec-11: The number of Expired properties is down 71%
Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%
Dec-10 vs. Dec-11: The average days on market is down 24%
Dec-10 vs. Dec-11: The average months supply of inventory is down 8%
Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report
Sherwood Forest Subdivision Baton Rouge 2011 Housing Report
http://www.batonrougehousingreports.com/ – Sherwood Forest Subdivision Baton Rouge 2011 Comprehensive Housing Report. Sherwood Forest values decline between 11% to 16% in 2011 based on foreclosure activity.
Here is the report on Sherwood Forest Subdivision housing numbers based on 91 home sales from end of December 2010 to end of December 2011. From 2010 to 2011, the Average sold price declined from $177,727 to $148,418 or -16.5%. From 2010 to 2011, the Median sold price declined from $173,450 down to $145,000 or -16.4%. From 2010 to 2011, the average sold price per sq. ft. declined from $75.41 down to $67.16 or -8.25/sf or -11%.
Solds In Sherwood Forest from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $177,727
Average Sold Price Per Sq. Ft.:$75.41/sf
Median Sold Price: $173,450
Low To High Sales Prices: $75,000 to $342,000
Number of Sales: 70
Number of Sold REO/Foreclosures/3rd Party/Short Sales Noted In MLS: 21 or 30%
Solds In Sherwood Forest from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $148,418
Average Sold Price Per Sq. Ft.:$67.16/sf
Median Sold Price: $145,000
Low To High Sales Prices: $60,000 to $280,000
Number of Sales: 91
Number of Sold REO/Foreclosures/3rd Party/Short Sales Noted In MLS: 37 or 41%
Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to 37 of the 91 total sales being distressed in some form compared to only 21 or 30% in 2010. This means that of the 91 total home sales, 37 or 41% were in some form of distress, which is very high for the Baton Rouge housing market.
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 up 12%
Dec-10 vs. Dec-11: The median price of for sale properties is down 11% and the median price of sold properties is up 12%
Dec-10 vs. Dec-11: The number of Sold properties is up 250%
Dec-10 vs. Dec-11: The number of Under Contract properties is up 100%
Dec-10 vs. Dec-11: The number of New properties is up 25%
Dec-10 vs. Dec-11: The number of For Sale properties is down 12%
Dec-10 vs. Dec-11: The number of Expired properties is down 33%
Dec-10 vs. Dec-11: The number of for sale properties is down 12% and the number of sold properties is up 250%
Dec-10 vs. Dec-11: The average days on market is up 101%
Dec-10 vs. Dec-11: The average months supply of inventory is down 57%
Sherwood Forest Subdivision Baton Rouge 2011 Comprehensive Housing Report
Tara Home Prices Declined 7% In 2011 Showing Even 70806 Is Correcting
http://batonrougehousingreports.com/ – Tara Subdivision Baton Rouge 2011 Home Sales Report. Tara Subdivision Home Prices Declined 7% to 8% In 2011 showing that even zip code 70806 is not immune from the Baton Rouge Housing Correction taking place into 2012.
Here is the report on Tara Subdivision housing numbers from end of December 2010 to end of December 2011. From 2010 to 2011, the Average sold price increased from $244,460 up to $245,806 or almost 1%. From 2010 to 2011, the Median sold price declined from $220,000 down to $202,500 or -8%. From 2010 to 2011, the average sold price per sq. ft. declined from $94.12 down to $87,61 or -6.51/sf or -7%. In 2011, the Median Sales Price and Average Sold Price Per Sq. Ft. would be your most important indicators because of the rather unusual $575,000 7610sf home sale in 08/2011, which skewed the average sales price higher than it would have been. Again, per the chart below, the average home in Tara sells for between $200K to $250K.
The Chart below has some useful data, but it lacks sales in both December 2010 and 2011.
Tara Subdivision Baton Rouge 2011 Comprehensive Housing Report
Baton Rouge Tara 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. Yes, this appraiser does have permission to use the subdivision chart above.
231 Greater Baton Rouge Home Sales As Of January 23, 2012
http://www.batonrougehousingreports.com/ – 231 Greater Baton Rouge Home Sales As Of January 23, 2012
EAST BATON ROUGE:
Currently Pending: 533
New On The Market: 395
Sold: 122
Average List Price: $197,343
Average Sold Price: $191,037
Average Continuous Days On Market: 117
Median Sold Price: $157,450
Listing-To-Sales-Price Ratio: 97%
ASCENSION:
Currently Pending: 232
New On The Market: 107
Sold: 50
Average List Price: $197,200
Average Sold Price: $194,107
Average Continuous Days On Market: 114
Median Sold Price: $169,200
Listing-To-Sales-Price Ratio: 98%
LIVINGSTON:
Currently Pending: 171
New On The Market: 117
Sold: 47
Average List Price: $144,759
Average Sold Price: $141,158
Average Continuous Days On Market: 140
Median Sold Price: $138,000
Listing-To-Sales-Price Ratio: 98%
OTHER (W Baton Rouge, E/W Feliciana, Iberville and Pointe Coupee):
Currently Pending: 82
New On The Market: 59
Sold: 12
Average List Price: $186,691
Average Sold Price: $171,208
Average Continuous Days On Market: 174
Median Sold Price: $159,900
Listing-To-Sales-Price Ratio: 92%
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/23/2012. This information was extracted at 12:28am 01/24/2012. Excludes Manufactured / Mobile Homes.
Woodland Crossing Subdivision Denham Springs Update
http://www.batonrougehousingreports.com/ – Western Livingston Parish Denham Springs: Woodland Crossing Home Sales Report
Here are the Woodland Crossing housing numbers from end of December 2010 to end of December 2011.
Dec-10 vs. Dec-11: The median sold price is down 4%
Dec-10 vs. Dec-11: The median price of for sale properties is up 7% and the median price of sold properties is down 4%
Dec-10 vs. Dec-11: The number of Sold properties is down 67%
Dec-10 vs. Dec-11: The number of Under Contract properties is down 67%
Dec-10 vs. Dec-11: The number of New properties is up 200%
Dec-10 vs. Dec-11: The number of For Sale properties is down 46%
Dec-10 vs. Dec-11: The number of Expired properties is down 82%
Dec-10 vs. Dec-11: The number of for sale properties is down 46% and the number of sold properties is down 67%
Dec-10 vs. Dec-11: The average days on market is down 26%
Dec-10 vs. Dec-11: The average months supply of inventory is up 113%
Denham Springs Woodland Crossing Subdivision 2011 Comprehensive Housing Report
Denham Springs Woodland Crossing 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.
Week In Review In Baton Rouge Real Estate (Jan. 15-21, 2012)
http://www.batonrougehousingreports.com/ – Week In Review In Baton Rouge Real Estate (Jan. 15-21, 2012). Housing numbers and interesting facts.
In this Baton Rouge Housing updating, January 15-21, 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”. This chart below represents January 1-15, 2012.
Other Greater Baton Rouge Housing Statistics January 15-21:
Total Current Listings: 4,931 as of 01/21/2012
Total Solds: 52
Foreclosure Listings: 488 or 10% of total listings
Foreclosures Sold: 14 or 27% of Solds
3rd Party Active Listings: 323 or 7% of total listings
3rd Party Solds: 3 or 6% of total solds
Foreclosure and 3rd Party Solds: 17 or 33% of all solds
Low To High Sales Prices: $26,900 to $905,000
Home Below is the $905,000 sale in University Club Plantation
New Home Sales: 13 or 25% of all sales
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Important Video: Warren Buffet’s Real Estate CEO on Housing Fix – CNBC
Good Outlook, Pent up Demand, Rents Becoming Equal To or Exceeding House Payments Becoming “Tipping Point” for buyers to buy housing if they qualify.
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RE/MAX Chairman Named Most Influential Real Estate Leader 2011
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OTHER HOUSING NEWS:
Business Report and The Advocate report Baton Rouge home sales up 3% in 2011
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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 01/21/2011. This information was extracted on 01/22/2012. Excludes Manufactured Housing.
Baton Rouge Real Estate Week In Review (Jan. 1-15, 2012)
http://www.batonrougerealestatebuzz.com/ - Week In Review In Baton Rouge Real Estate (Jan. 1-15, 2012). Housing numbers and interesting facts. Baton Rouge Housing Reports delivers 13 updates or tips. GBR Neighborhoods delivers 51 videos. Baton Rouge unemployment rate falls to 6.6%, Baton Rouge forclosure rate continues to rise, CoreLogic reports more news for ongoing housing correction and Business Report reports a new entry level subdivision is planned for Burbank Drive area.
See Full Article Here: Baton Rouge Homes Week In Review (Jan. 1-15, 2012)
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/15/2012. This information was extracted on 01/15/2012.
Baton Rouge Real Estate: Radio Interview Answers FHA Appraisals Questions
http://www.batonrougerealestatesbuzz.com/ – Baton Rouge Real Estate Buzz: Radio Interview Answers FHA Appraisals Questions
My friend and Home Appraiser colleague, Ryan Lundquist, in Sacramento California was recently interviewed on Radio about FHA Appraisals answering potential questions. Visit Introduction to FHA Appraisals: Sacramento Realtor & Appraiser Interview to listen to Ryan’s interview.
NOTE: Sacramento CA is under a different FHA/HUD HOC or Homeowner Center of authority and may have different standards than for Louisiana. Louisiana is under the Denver HOC, which I know does differ on a few items.
Home Appraisal Versus Home Inspection Differences in Baton Rouge
Home Appraisal Versus Home Inspection Differences in Baton Rouge
The Home Appraiser is hired by the bank to decide the estimated market value of a house. The Appraisal Report protects the Bank or Lender and not the home buyer. The buyer pays for the home appraisal and that price will depend on if the lender is employing a third party to order the appraisal. Depending on how the appraisal is ordered from the Bank, the cost can range from $350 up to $600, the higher price is if an AMC or Appraisal Management Company is hired (a middle-man that orders, reviews and delivers the report by hiring local home appraisers).
Home Appraiser’s inspection generally consists of an inspection of the neighborhood first, then measuring the home based on national ANSI standards, taking lots of required photos of interior and exterior and determining condition and quality level of home. Appraiser takes this “subject” data and compares other recent home sales in the same market, applies market adjustments of pluses and minuses for differences and arrives at an estimated value. NOTE: Home Appraiser condition inspection is limited to what can obviously be seen with the eye, at eye level. An Appraiser inspection is not a roofing inspection, hot water heater inspection or central heat and air inspection, the major expensive items that tend to lead home buyers into believing that home appraisers should inspect these items and guarantee them.
Call or email Accurate Valuations Group for more details: 225-293-1500 or info@accuratevg.com.
FHA even protects the Appraiser with this form below presented to buyers that tells them to “Get A Home Inspection”!
Home Inspections inspect detailed condition. are a very detailed inspection of various items around the home and inside the walls, attic and underneath the home if there’s crawl space. Inspectors can inspect things like pest control, roofing, chimney, electrical, plumbing, for harmful mold and other negatives that might cost the buyer money in repairs soon after they buy the home. They are hired by the buyer to inspect the condition of the home on the day of inspection.
The home inspection fee is normally paid by the buyer. The costs for home inspections is not known and is really based on the size and complexity of the home. Naturally, the longer the inspection will take, the higher the fee.
There are TWO (2) local Greater Baton Rouge Home Inspectors I recommend because I’ve known each of them for years now and can count on them to do their job right and not sorry that I referred them.
Kevin Dinkel, Advantage Services, 225-753-8114 email info@extramileteam.com
James Bohac, Alltell Home Inspection 225-806-7572 4alltell@cox.net
Baton Rouge Housing Reports Has News On December 2011 Numbers
http://batonrougerealestatebuzz.com/ - Baton Rouge Housing Reports Dot Com has news on December 2011 numbers.
The link to this article is, Baton Rouge Housing Reports Dot Com: Baton Rouge Home Sales Report for December 2010 Versus December 2011
Baton Rouge Housing Reports is providing a comprehensive examination of the December 2010 versus December 2011 housing market numbers. The parameters of search were the entire MLS or “All MLS”, all housing types except manufactured housing, from $60,000 up to potentially $2,500,000. The actual dates of search were 01/09/2011 to 01/09/2012. The reason for the delay in search is that it takes time for end of year or December home sales to be reported to the courthouses, which are on holiday in late December, and then time to be reported toy GBRMLS.
Highlights from 12/2010 versus 12/2011:
Dec-10 vs. Dec-11: The median sold price is down 1%
Dec-10 vs. Dec-11: The median price of for sale properties is down 2% and the median price of sold properties is down 1%
Dec-10 vs. Dec-11: The number of Sold properties is down 0%
Dec-10 vs. Dec-11: The number of Under Contract properties is up 42%
Dec-10 vs. Dec-11: The number of New properties is down 11%
Dec-10 vs. Dec-11: The number of For Sale properties is down 6%
Dec-10 vs. Dec-11: The number of Expired properties is down 24%
Dec-10 vs. Dec-11: The number of for sale properties is down 6% and the number of sold properties is down 0%
Dec-10 vs. Dec-11: The average days on market is up 13%
Dec-10 vs. Dec-11: The average months supply of inventory is down 34%
GBRMLS Baton Rouge Home Sales Report for December 2010 Versus December 2011
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/09/2011 to 01/09/2012. This information was extracted on 01/10/2012.
