Baton Rouge Video Tours: Real Estate Market Report Of Villa Del Rey Subdivision 2011

http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate: How Is Villa Del Rey Subdivision Performing Into 2011, Increasing, Declining or Remaining Steady?

Potential $20K Loss. This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision. In the appraisal I recently completed, the home sold for $155,900 in 2007, a Post Hurricane Katrina high price, and is now on the market for $136,000. If this home sells for $136,000, then homeowner only loses $20,000 and will lose a total of $28,160 after paying the selling commission.

Villa Del Rey Subdivision Baton Rouge

 

A recent home appraisal in and analysis of Villa Del Rey revealed this interesting finding. From 2009 to 2010 to 2011, the median sales price has declined from $145,000 to $137,500 to now $136,000 (chart below is not updated) into 2011 based only on 3 sales. This drop is due to foreclosure and/or distressed sales. Actually, the chart below is incorrect because GBRMLS reports “38” solds in 2010, not just 33, with a median of $137,500. Of those 38 sales, 11 or 29% were foreclosures, which is quite high. And, in 2011, the 3 solds only sold for $119,000, $136,000 and $139,000 indicating these sold below market.

THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction!

mls

 

Villa Del Rey Homes

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 3, 2011. This information was extracted on 5/3/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

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/

East Baton Rouge Parish Quarterly Home Sales Report By Zip Code For Q1 2010 versus Q1 2011

East Baton Rouge Parish Quarterly Home Sales Report By Zip Code For Q1 2010 versus Q1 2011
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www.batonrougerealestatetrends.net - East Baton Rouge Parish Quarterly Home Sales Report By Zip Code For First Quarter 2010 versus First Quarter 2011. This study reveals a 3% decrease in number of home sales over 2010 and significant declines in Average Sales Prices overall. Report includes ALL hous (more)

Accurate Valuations Group Baton Rouge Home Appraisals and House Appraisers

Accurate Valuations Group Baton Rouge Home Appraisals and House Appraisers
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www.accuratevg.com - Accurate Valuations Group Baton Rouge Home Appraisals and House Appraisers. Accurate Valuations Group, East Baton Rouge Parish Real Estate Home Appraisers, Values local housing. Just as there is the need in the real estate transaction for real estate agents, home inspection insp (more)

Greater Baton Rouge Divorce Home Appraisals By Accurate Valuations Group 225-293-1500

Greater Baton Rouge Divorce Home Appraisals By Accurate Valuations Group 225-293-1500
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www.batonrougedivorceappraisals.com - Greater Baton Rouge Divorce Home Appraisals By Accurate Valuations Group 225-293-1500. Coverage Area. Bill Cobb, Appraiser provides Divorce Home Appraisals throughout All of East Baton Rouge Parish and West Baton Rouge Parish. In Ascension Parish, Bill covers th (more)

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/