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Baton Rouge Real Estate
Greater Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/
Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/
Why Baton Rouge Housing Reports?
Because a home is the largest, most important investment most locals make in their lifetimes. Because of the importance of getting this decision right, housing market facts, trends and analysis are provided to help locals execute competent, informed home purchase or home selling decisions.
There’s a new Premier web video resource in Baton Rouge with a residential focus: Baton Rouge Housing Reports Dot Com. This site offers the good news in our market as well as the on-going correction, tips on what improvements really add value, local REALTOR® video update of the month, local real estate expert interviews, local remodeler’s tips, trends videos, monthly and quarterly reports, Top 150 Subivisions trends, current housing charts and stats, gbrmls stats, local NAR stats, special investigative series and a long list of local online resources. Visit Us for the scoop on local housing.
Baton Rouge Housing Reports Dot Com – Local Real Estate Professionals Providing Trends, Analysis & Tips Helping Locals Make Informed Housing Decisions!
Keywords: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, Baton Rouge Home Appraiser, Baton Rouge Home Appraisal
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Declining Baton Rouge Real Estate Market Looks Like This and Why It Would Cause Low Appraisals
http://www.batonrougehousingreports.com/ - A Declining Baton Rouge Real Estate Market Looks Like This and Why It Would Cause Low Appraisals. YES, I understand this is long video of 10 minutes, but it will help explain what lenders and appraisers are looking for when they “both” analyze a market.
In this video, local Greater Baton Rouge Appraiser, Bill Cobb, shows what a classic declining market looks like by MLS Chart and Appraisal and how such a weak market could certainly lead to a low appraisal.
Remember that we’re speaking of a specific segment of the Baker housing market in the 1600sf to 2500sf living area range. This study isn’t of the entire Baker housing market, but some of the general comments in the video do apply to the whole market.
This weak Baker Louisiana market had these characteristics: Very Slow Sales. Declining Median Sales Price. 22 Month Supply. 21 Competing Listings Is Oversupply when only 15 sold in previous 12 months. 93% List-To-Sales Price Ratio is weak. 2011 Baker Hills 6 sales, Median $62K, Avg Sold:$52/sf, Avg SP/LP%:97%, Avg DOM:126 Days. 33% Competing REO Sold Rate Since 1/2009.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2009 to 11/28/2011. This information was extracted on 11/28/2011.
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Baton Rouge LA Home Appraisers Lakes At Aubin Wood August 2011 Update
http://www.baton-rouge-real-estate.com/ – Baton Rouge LA Home Appraisers Housing Trends: The Lakes At Aubin Wood August 2011 Update. The location is very convenient to the center of Baton Rouge, a newer development from 2003 in an older housing market. According to the charting below, the Average Sales Prices fluctuated in the $230s from 2006 to 2009 and then broke above in the $240s in 2010. The last 2 MLS sales took place in 2010 with no 2011 sales or MLS Listings to report on.
Entrance
Entrance Sign
Home Styles
Development Lake
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to August 18, 2011. This information was extracted on 8/18/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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/
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A Baton Rouge Home Appraisal In Kenilworth Subdivision 70808 in August 2011
http://www.baton-rouge-real-estate.com/ – A Baton Rouge Home Appraisal In Kenilworth Subdivision 70808 in August 2011
I recently completed a home appraisal in Kenilworth Subdivision 70808 for a refinance and discovered some housing trends on the chart below. No, none of the photos used in this article are of the home appraised.
The Median Sales Price in 2011, at $212,000, is about even with 2008′s $212,500. The Average Sold Price Per Square Foot in 2011, at $102/sf, is about even with 2007′s $102.46/sf. It seems from viewing the chart below that Kenilworth home prices have maintained stability in a correcting Baton Rouge housing market, per CoreLogic and 24/7 Wall Street recent studies. This is good news for Kenilworth Subdivision homeowners!
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to August 15, 2011. This information was extracted on 08/15/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!
Kenilworth Subdivision Update from Bill Cobb, Appraiser with Accurate Valuations Group!
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Lil Boosie Baton Rouge Home Photos In Centurion Place, Home To Be Auctioned Off
http://batonrougerealestateappraisers.net/ – Lil Boosie Baton Rouge Home To Be Auctioned Off, Photos In Centurion Place
According to online news sources, the East Baton Rouge Parish Sheriff’s Office has announced that it will sell the rapper’s home for failure to pay a $375,000 writ on the home owed to Flagstar Bank. Lil Boosie, real name Torence Hatch, remains imprisoned awaiting his murder trial. This home was purchased in 10/2007 for $547,731, which at that time was an incredibly high price for a home in Centurion Place. Before Boosie paid $547,731 for this home, it had been on the market for 473 days, which should have been an indication this home was greatly overpriced. Currently in GBRMLS, this home was listed for $499,000 on 9/16/2010, reduced to $399,000 on 2/15/2011 and was pending as of 3/4/2011 after 170 days on the market. I guess that since this home has been pending now for over 2 months, the East Baton Rouge Parish authorities don’t see an indication that this home will close in time for the auction, not exactly sure.
The red arrow below might be Lil Boosie’s blinged out car in the front of his home.
One local Real Estate Agent desribed this home this way,
“Spectacular home offering something for everyone. The unique floor plan offers options for just about everyone with its multifunctional floor plan. Upon entering the home you’ll be impressed with the huge doors leading to the beautiful foyer area with formal dining to the right and a study/living room to the left. A private entrance from the study into a large bedroom complimented with a luxurious bath features a Jacuzzi tub and oversized shower creating a fabulous split bedroom arrangement or could function as a separate living area for a parent, etc. It also affords an entry into the great room as does front foyer. You’ll be wowed by the beautiful oak flooring in the den, dining and sitting areas as well as the double sided FP which can be enjoyed from the kitchen/breakfast area as well. Varied ceiling heights, solid wood doors, glass transoms, brick wall in kitchen, granite counters, oversize island, wine cooler, gas stove, solid red oak cabinets w/raised panels, an enviable master suite w/a huge walk-in closet, an adjoining office/nursery, master bath w/6′ Jacuzzi tub, oversize shower w/rainfall shower head, custom his/her porcelain sinks w/furniture style vanities. A 3rd bedroom w/a guest bath is also on the 1st floor. The 2nd floor features 635 feet in an L-shaped bonus area. There is also an 19×30 media room complete with theatre lighting. 2 more bedrooms on the 2nd floor. Home engineered to ensure quiet areas throughout. There is much more–have to see to enjoy this one.“
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to May 11, 2011. This information was extracted on 5/11/2011.
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/
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