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

https://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
[email protected]
http://www.accuratevg.com/

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

[email protected]

http://www.accuratevg.com/

Baker Louisiana Real Estate Housing Statistics For 2010

http://www.batonrougehomeappraisal.com/ – Greater Baton Rouge Housing Statistics! Baker Louisiana Real Estate Housing Statistics For 2010

sales trend for baker louisiana real estate 2010

The above charting is an analysis of GBRAR MLS Solds since 4/17/2008+ within MLS Area 11, Zip Code 70714, extracted on 4/26/2010. DSF Home search parameters were:

$75,000 to $150,000

1300sf to 1600sf, 3-4 Bedrooms

Ages 16-20 Yrs to 76+ Yrs

REO/Foreclosures are included.

The overall median sales price since 4/2009 has remained stable showing a +0.89% increase.

Baton Rouge Louisiana FHA Appraisers Report: Slight Housing Market Declines In MLS Area 42 In 2009

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?

smart trends3

smart trends2

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).

baton rouge real estate foreclosure rate

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.

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

Baton Rouge Real Estate Report: Shenandoah Estates Subdivision

http://www.batonrougerealestateappraisal.com/ – FHA Appraisers Baton Rouge Real Estate Report: Shenandoah Estates Subdivision

baton rouge real estate

shenandoah estates 2009 trends 1

shenandoah estates 2009 trends 2

Housing Market Direction: Up or Down?

Solds In Shenandoah Estates from 1/2007 to 12/2007 revealed:
Average Sales Price: $193,628
Average Sold Price Per Sq. Ft.: $93.62/sf
Median Sold Price: $190,000
Average Days On Market: 81
Number Of Sales: 91

Solds In Shenandoah Estates from 1/2008 to 12/2008 revealed:
Average Sales Price: $200,524
Average Sold Price Per Sq. Ft.: $89.68/sf
Median Sold Price: $205,000
Average Days On Market: 89
Number Of Sales: 68

Solds In Shenandoah Estates from 1/2009 to 12/2009 revealed:
Average Sales Price: $196,030
Average Sold Price Per Sq. Ft.: $89.48/sf
Median Sold Price: $196,500
Average Days On Market: 106
Number Of Sales: 62

Therefore, based on the “median sale price barometer” within Shenandoah Estates, the barometer used by the National Association of Realtors, the market direction increased from 2007 to 2008 but declined from 2008 into 2009. However, the 2009 median sales price at $196,500 is still higher than the 2007 $190,000. The gap between the high and low median sales prices was $15,000. The Aveage Sold Price Per Sq. Ft. only varied $4.14/sf within this 3 year period, which shows a fairly tight, supportive market.

real estate appraisers baton rouge la 70817

ACCURATE VALUATIONS LOGO BorderFor Your Greater Baton Rouge Home Apprasial Needs, Give Accurate Valuations Group A Call at 225-293-1500 or visit