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Posts Tagged ‘Great News’
Baton Rouge Real Estate Appraisers Report On 2010 vs 2011 Housing Market
http://www.batonrougerealestateappraisers.net/ – East Baton Rouge Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Report. Report shows an increase in number of home sales over 2010, but significant declines in Average Sales Prices overall. Report includes ALL housing types in East Baton Rouge Parish.
Accurate Valuations Group (Home Appraisals) has completed an analysis of the East Baton Rouge Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. Click the chart to view in a larger size.
This is a lot of data to report on in one (1) article with “20″ zip codes. A short summary follows:
Number of Home Sales Increased Over 2010! For the number of home sales, only 9 zip codes reported a smaller number of sales. And, Ten (10) Zip Codes experienced more sales in Q1 2011 than in Q1 2010, which is great news for our market.
Average Sales Prices Overall Decline! This is consistent with the CoreLogic report on national home prices falling for the 7th straight month, as reported on Thursday, April 7, 2011. Thirteen (13) of the 20 Zip Codes showed declining average sales prices versus only Seven (7) showing increases. Local home prices are continuing to correct.
Average Sales Price Per Square Foot Overall Declines! This is consistent with the CoreLogic report. Fifteen (15) of the 20 Zip Codes showed declining average sales prices per sq. ft. versus only Seven (5) showing either no change or just slight increases.
Biggest Gainers. Zip Code 70807, the Scotlandville market, showed a 450% increase in number of home sales. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +5.6% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district.
Largest Declines. Zip Code 70820, the market below LSU off Brightside, showed a -35.3% decrease in number of home sales. Zip Code 70802, the market in and around Central Business District, showed a -33.4% decline in Average Sales Prices AND -30.2% decline in Average Sales Price Per Sq. Ft..
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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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Great News For Greater Baton Rouge Real Estate Housing In 2010, Four Percent Gain
http://www.batonrougerealestateappraisal.com/ – Great News For Greater Baton Rouge Real Estate Housing In 2010
Realtor.org is reporting that Baton Rouge Metro Area (Greater Baton Rouge) experienced a median sales price increase of +4.3% since Q1 2009. The article is here and the charting is below.
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Greater Baton Rouge Named Second Best Economic Development Market
http://www.accuratevg.com/ – Greater Baton Rouge Named Second Best Economic Development Market!
The Baton Rouge Business Report AM is delivering Great News for the Greater Baton Rouge housing market. The link to the article is here!
Here’s the good news:
“Baton Rouge is ranked second by Southern Business and Development magazine among the top 10 mid-markets of the decade, based on the amount of new and expanded project wins over the last 10 years. Some of the notable projects in the top-10 issue include: Albemarle, Electronic Arts, SNF Holding Company and The Shaw Group. Project wins that affected rankings must have consisted of 200 or more jobs and/or $30 million or more in capital investment. Huntsville, Ala., was the only city to top Baton Rouge.
Baton Rouge was also ranked third-best metro area in economic development in 2009 by Site Selection magazine.
Adam Knapp, BRAC president and CEO, says he attributes the area’s success to the chamber’s “Campaign for a Greater Baton Rouge.” The Southern Business and Development Story can be found here.“
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Good News For Louisiana Real Estate In 2009: Louisiana Housing Prices Buck National Trend and RISE
http://www.batonrougerealestateappraisers.net/ – Louisiana Good Real Estate News: Louisiana Housing Prices Buck National Trend and RISE
An article published on July 8, 2009 by Mike Hasten with Gannett Capital Bureau presents Great News For Louisiana: “La. Housing Prices Buck Trend, Rise”. The link is at http://www.thetowntalk.com/article/20090708/NEWS01/907080316
Here’s a couple of snippets from the article:
“The Local Market Monitor, a national real estate market assessment firm, says Louisiana is one of only five states to show an increase in home prices in the past year. With a 3.1 percent gain, only New York (3.88 percent) and West Virginia (5.27 percent) outpaced Louisiana’s housing market gains. The report shows that while the Housing Price Index nationally fell 10.2 percent, Louisiana’s overall HPI rose 3.1 percent.“
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