http://www.batonrougerealestateappraisal.com/ – Baton Rouge Business Report: Louisiana holds up better than most in recession

Source and Article: Baton Rouge Business Report

Here’s a brief snippet:

“When Louisiana Gov. Bobby Jindal touts the state’s job market and New Orleans Mayor Ray Nagin sells his city as one of the best places to ride out the recession, it’s not just routine boosterism. In the midst of a severe nationwide downturn, the Louisiana economy is holding up better than most. It’s a role reversal from a few years ago, when Louisiana was one of the country’s weaker states financially following the destruction caused by Hurricane Katrina.”

http://batonrougerealestateappraisal.com/ -   New Rules To Change How Greater Baton Rouge Homes Are Appraised

http://batonrougerealestateappraisal.com/ – Federal Housing Finance Authority Has Fantastic News For Greater Baton Rouge 2/24/2009

http://batonrougerealestateappraisal.com/ – Baton Rouge’s Park Forest Subdivision Q1 2009 Update

Solds In Park Forest From 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $148,627
Average Sold Price Per Sq. Ft.: $84.91
Median Sold Price: $147,900
Low Sales Price: $110,000
High Sales Price: $280,000
Average # of Days On Market: 43
# of Sales: 51

Solds In Park Forest From 01/01/2008 to 02/18/2009 reveals:
Average Sales Price: $134,043
Average Sold Price Per Sq. Ft.: $88.41
Median Sold Price: $134,450
Low Sales Price: $90,000
High Sales Price: $196,000
Average # of Days On Market: 94
# of Sales: 28

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining. The Average Sales Price has declined -$14,584 or -9.81%. Median Sales Price has declined -$13,450 or -9.09%. Average Sold Price Per Sq. Ft. has increased +$3.50/sf or +4.12%.

Park Forest data is presented with the permission of the Greater Baton Rouge Association of Realtors.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
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

fastvalue2@cox.net

http://greaterbatonrougerealestatetv.blogspot.com/

Pine Park Subdivision Update, Baton Rouge Real Estate Update For 70809  – http://batonrougerealestateappraisal.com/

Westminster Place / Pine Park Subdivisions Map

Pine Park Subdivision: Solds $252,900K to $275K, 2 sales since 1/1/08, avg size 2,559sf, avg sold price $103.53/sf, median sales price $264K, List-Sales Ratio: 96.12%.

An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $251,600
Average Sold Price Per Sq. Ft.: $92.83
Median Sold Price: $215,000
Low Sales Price: $199,900
High Sales Price: $339,900
Average # of Days On Market: 20
# of Sales: 3

An MLS CMA of this Subdivision from 01/01/2008 to 01/17/2009 reveals: 
Average Sales Price: $263,950
Average Sold Price Per Sq. Ft.: $103.53
Median Sold Price: $263,950
Low Sales Price: $252,900
High Sales Price: $275,000
Average # of Days On Market: 37
# of Sales: 2

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Pine Park Subdivision, the market direction appears to be increasing.   However, it’s difficult to draw a conclusion based on only 3 sold sin 2007 and 2 solds in 2008.   So, this data may not be totally reliable for a trend conclusion.   Pine Park data used with the permission of the Greater Baton Rouge Board of Realtors.

Author’s Bio:

Bill Cobb, CREA, is Greater Baton Rouge’s favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values.  A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

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

fastvalue2@cox.net

Baton Rouge Pre-Listing Appraisals