http://www.appraisersinbatonrouge.com/ - Baton Rouge Real Estate 2009 Metro Area Declines Of 4.3% Year Over Year

Zillow.com is reporting that Baton Rouge Metro (Greater Baton Rouge) had a -4.3% decline since 1/2009, see the charts below. The Zillow report can be read here! Also according to Zillow, the Shenandoah market, comprised of approximately 2,800 homes, experienced a -2.3% decline in the same period.

For Your Greater Baton Rouge Home Appraisal Needs, Give Accurate Valuations Group A Call at 225-293-1500

http://www.batonrougerealestateappraisal.com/

http://www.batonrougerealestateappraisal.com/ - Are Baton Rouge Realtors Performing BPOs For Lenders Illegally?: No More BPOs For You! (How You Could be Violating RELRA)

On February 16, 2010, Renee Porsia posted an interesting article on AgentGenius entitled, “No More BPOs For You! (How You Could be Violating RELRA)“

It’s an interesting read and I recommend appraisers take time to read this one! Here’s a snippet:

“Perform a BPO and you may be violating the Real Estate Licensing and Registration Act (RELRA) and the Real Estate Appraisers Certification Act, and could be prosecuted by the Real Estate Commission or the State Board of Certified Appraisers or both.”

“For those Brokers/Realtors who are currently performing BPOs or those who have been performing BPOs to get extra income, those days are over and they should be grateful they have not yet been caught thus far.”

Mary Thompson also wrote on Active Rain about this very topic, “Just say no to BPO’s… in place of a bona fide appraisal“

Tags: bpos, broker price opinions

http://www.accuratevg.com/ - Baton Rouge Real Estate Videos of Mayfair Park East Subdivision 2009 Housing Statitstics as presented with permission of the GBRAR and Baton Rouge’s Accurate Valuations Home Appraisal Group!

http://www.appraisersinbatonrouge.com/ - FHA Appraisers Baton Rouge: Woodlawn Acres Market Report 70817

Woodlawn Acres Subdivision Housing Market Direction: Up, Stable or Down?

Solds In Woodlawn Acres from 1/2007 to 12/2007 revealed:
Average Sales Price: $130,360
Average Sold Price Per Sq. Ft.: $83.89/sf
Median Sold Price: $128,000
Average Days On Market: 70
Number Of Sales: 5

Solds In Woodlawn Acres from 1/2008 to 12/2008 revealed:
Average Sales Price: $149,000
Average Sold Price Per Sq. Ft.: $76.02/sf
Median Sold Price: $149,000
Average Days On Market: 144
Number Of Sales: 1

Solds In Woodlawn Acres from 1/2009 to 12/2009 revealed:
Average Sales Price: $128,500
Average Sold Price Per Sq. Ft.: $82.53/sf
Median Sold Price: $128,500
Average Days On Market: 52
Number Of Sales: 1

There really isn’t enough data (sales) to call a trend. So, the information above is presented with the permission of the GBRAR.

Bill Cobb, Appraiser – Your Local Greater Baton Rouge Housing “Trust Agent”!

For Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500

http://www.accuratevg.com/

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009

Housing Market Direction: Up or Down For Homes In The 1950sf to 2400sf, Ages 11-40 Yrs Old, Area 42, Price Range $130,000 to $225,000?

Therefore, based on the “median sale price barometer” charting above, the barometer used by the National Association of Realtors, the market direction declined from January 2009 to January 2010 by -2.4% based on 78 sales analyzed (REOs included). Search parameters were: 1/1/08 to Present, 1950sf to 2400sf, Ages 11-40 years old, MLS Area 42. 78 Sales Results Were Analyzed. Data used with the permission of the GBRAR (Greater Baton Rouge Association Of Realtors).

REO / Foreclosure Rate: Based on MLS Data of the actual solds, the REO rate is a low 7.14%. However, It’s also stated here that a 2009 article (The Landmines Within by Michael Tarabotto
http://activerain.com/blogsview/930436/The-Landmines-Within ) stated that as much as 70% of REOs never make it into the MLS. MLS is reporting 2 comparable REO listings. However, since it’s possible that 70% of REOs and/or Sheriff Sales never make it into the MLS System, it’s almost impossible to know exactly how many competing REOs there really are out there.

For Your Home Appraisal Needs In Greater Baton Rouge, Give Bill Cobb A Call At 225-293-1500 or www.accuratevg.com.