Baton Rouge Housing Update June 2010: River Oaks Subdivision

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Housing Statistics June 2010 Update: River Oaks Subdivision 70819

River Oaks Subdivision 70819 Baton Rouge

Solds In River Oaks from 1/09 to 6/19/10 revealed:
Average Sales Price: $129,370
Average Sold Price Per Sq. Ft.: $87/sf
Median Sold Price: $132,500
Number of Sales: 10
Low To High: $78,000 to $158,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 5
Current Listings Prices: $118,000 To $225,000

baton rouge real estate

Author’s Bio:

Bill Cobb Accurate Valuations Group

Bill’s company, Accurate Valuations Home Appraisal 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/

West Baton Rouge Real Estate Appraisers – Accurate Valuations Group 225-293-1500. Port Allen, Brusly, Addis Louisiana

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers – Accurate Valuations Group 225-293-1500. East Baton Rouge, Greater Baton Rouge.

accurate valuations group baton rouge home appraisers

 

Baton Rouge Foreclosures and Delinquencies Up In October 2009

http://www.appraisersinbatonrouge.com/ – Baton Rouge Foreclosures and Delinquencies Up In October 2009

baton rouge foreclosures up

Baton Rouge Business Report and First Core Logic are reporting an increase in foreclosures and delinquencies in the Greater Baton Rouge market as of October 2009. The article is located here and here’s a snippet:

The rate of foreclosures in metro Baton Rouge increased by half a percentage point in October, when compared with the year before. According to First American CoreLogic, which tracks real estate data, the rate of outstanding mortgage loans that were foreclosed upon in October was 1.71%, compared with 1.21% in October 2008. Despite the increase, that’s lower than the national average of 3.02%. The number of homeowners who were behind on their mortgage payments was also up. First Americans says 3.58% of Capital Region mortgages in October 2008 were 90 days or more delinquent, compared with 5.31% this year. That’s also better than the national average, where 7.7% of mortgages are three months or more past due. In October 2008, 4.54% of U.S. mortgages were delinquent.”

Bill Cobb, Appraiser, Commentary:

baton rouge real estate appraisal bill cobb 400

This concurs with what I’ve been seeing in this local market since August 2008 where I’ve been seeing more “shadow inventory” than is being reported. Although the problem isn’t that bad as compared to some parts of the U.S., I’ve been wondering when the news would catch up with the reality of the local market.

Another issue that makes it much more difficult for appraisers to truly know the state of foreclosures in a market is here is the new foreclosure market and the way banks dispose of or don’t dispose of REOs. It’s stated here that a recent 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 – Meaning that it might be impossible to know or state the exact # of competing REOs if they’re not being listed. It’s also very difficult in our local GBRAR MLS to track short sales because both our local MLS doesn’t have a box that states the listing is a short sale and sometimes short sales aren’t reported as short sales on the MLS Sheets.”

Probate Appraisers In Greater Baton Rouge

http://www.batonrougerealestateappraisal.com/ – Need A Residential Probate Appraiser In Greater Baton Rouge?

Bill Cobb, CREA, with Baton Rouge’s Accurate Valuations Home Appraisal Group, is a real estate appraiser based in the Baton Rouge Market with 18 years experience. He covers multiple Parishes (or Counties) in the Greater Baton Rouge Region and works for brokers, banks, governmental agencies, Real Estate Agents, attorneys, home owners and more.

Accurate Valuations Probate Residential Appraisers Group

P.O. Box 40515
Baton Rouge, LA 70835
TEL: 225-293-1500
MOBILE: 225-953-0638
TOLL FREE: 1-888-678-3544
FAX: 1-866-663-6065
STAFF EMAIL: fastvalue2@cox.net
WEBSITE: http://www.accuratevg.com

Coverage Area:

Baton Rouge Probate Appraisers Coverage Map

Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778

East Baton Rouge Parish/County – ALL

Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785

West Baton Rouge/County – ALL

 

 

 

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Estate Appraisers In Greater Baton Rouge

http://www.appraisersinbatonrouge.com/ – Need A Residential Estate Appraiser In Greater Baton Rouge?

Bill Cobb, CREA, with Baton Rouge’s Accurate Valuations Home Appraisal Group, is a real estate appraiser based in the Baton Rouge Market with 18 years experience. He covers multiple Parishes (or Counties) in the Greater Baton Rouge Region and works for brokers, banks, governmental agencies, Real Estate Agents, attorneys, home owners and more.

Accurate Valuations Estate Appraisers Group

P.O. Box 40515
Baton Rouge, LA 70835
TEL: 225-293-1500
MOBILE: 225-953-0638
TOLL FREE: 1-888-678-3544
FAX: 1-866-663-6065
STAFF EMAIL: fastvalue2@cox.net
WEBSITE: http://www.accuratevg.com

Coverage Area:

Baton Rouge Estate Appraisers Coverage Map

Ascension Parish/County – Only Northern Ascension: Geismar/Dutchtown 70734, Gonzales 70737, Prairieville 70769, Saint Amant 70774 and Sorrento 70778

East Baton Rouge Parish/County – ALL

Livingston Parish/County – Only Western Livingston: Denham Springs 70706 & 70726, Livingston 70754, Walker 70785

West Baton Rouge/County – ALL

 

 

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