http://www.batonrougehousingreports.com/ - Baton Rouge Housing Market Week In Review January 29-February 4, 2012.  Housing numbers and interesting facts.

Greater Baton Rouge Housing Statistics:

LISTINGS:

Total Current Listings: 5,009

Foreclosure Listings: 481 or 10% of total listings

3rd Party Active Listings: 316 or 6% of total listings

Short Sale Active or Potential SS Listings: 179 or 4% of total listings

SOLDS:

Total Number of Solds: 105

Foreclosures Sold: 23 or 22% of Solds

3rd Party Solds: 12 or 11% of total solds

Short Sales Solds: 20 or 19% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 55 or 52% of all solds

Low To High Sales Prices: $18,000 to $1,300,000

Photo of $1,300,000 Home Sale

New Home Sales: 26 or 25% of all sales

East Baton Rouge MLS Area with most home sales: 43 with 17 sales

CUMULATIVE TOTALS FOR 2012

Total Number of Sales: 429

ASCENSION: 92

EAST BATON ROUGE: 221

EAST FELICIANA: 0

LIVINGSTON: 89

IBERVILLE: 3

POINTE COUPEE: 10

WEST BATON ROUGE: 13

WEST FELICIANA: 1

NOTE: 97% of Home Sales Took Place in ASC, EBR, LIV and WBR Parishes, which is why I don't understand WHY there's an "8" Parish MSA. 

Foreclosures Sold: 105 or 24% of Solds

3rd Party Solds: 54 or 11% of total solds

Short Sales Solds: 72 or 16% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 231 or 54% of all solds

AVERAGE SALES PRICES FOR LOCAL PARISHES: 

EAST BATON ROUGE: $200,113 (Jumped because of $1,300,000 sale)

ASCENSION: $197,096

LIVINGSTON: $146,246

OTHER: $168,476

MEDIAN SALES PRICES FOR LOCAL PARISHES: 

EAST BATON ROUGE: $163,000  

ASCENSION: $179,900

LIVINGSTON: $140,000

OTHER: $169,900

AVERAGE DAYS ON MARKET (CONTINUOUS):

EAST BATON ROUGE: 124   

ASCENSION: 123

LIVINGSTON: 162

OTHER: 151

LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):

EAST BATON ROUGE: 97%

ASCENSION: 99%

LIVINGSTON: 97%

OTHER: 95%

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 02/04/2012.  This information was extracted on 02/05/2012.

http://www.orhp.com/ - Greater Baton Rouge Homeowners and Real Estate Professionals Benefit from Home Warranties!

If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver!    Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.

If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver!    Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.

For the real estate professional, having the protection of a home warranty on their listed and sold homes can be a "career-saver!"  Buyers usually contact their real estate agents for help in resolving such problems after the sale.  This call from the buyer is much less stressful when a home warranty is in place!

The types of residential homes covered by home warranties are: single family homes, multi-unit homes, condominiums, mobile homes - both resale and new construction.

Old Republic Home Protection Coverage Includes:
* Undetectable Pre-Existing Conditions
* Failure due to Lack of Maintenance
* Failure due to Rust and Corrosion
* 13 SEER Upgrades
* Water Heater Sediment
* Washer, Dryer & Kitchen Refrigerator
* Garage Door Opener

Contact: 

Webb Wartelle

Sr. Account Executive, Old Republic Home Protection

1.800.282.7131 Ext. 1285

2009 Greater Baton Rouge Assn of Realtors Affiliate of the Year

http://www.orhp.com/

http://www.orhp.com/

http://www.denhamspringsappraisers.com/ - Home Appraisers Denham Springs 2011 Housing Report

Summerfield Subdivision Denham Springs 2011 Housing Numbers.  It used to be that homes in Summerfield sold in the $110/sf to $112/sf range.  That was then and this is a new housing market in 2011.

Here are the Summerfield Subdivision housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $192,380 in 2010 to $174,150 in 2011 or -9.5%. Median sales price was was down from $189,500 in 2010 to $175,000 in 2011 or -7.7%. However, the average sold price per sq. ft. was only down $2.42/sf or -2.45% from $98.58/sf to $96.16/sf.

Distressed Properties To Blame For Decline. I suspect part of this decline was due to 2 of the 5 total sales being 1 foreclosure and 1 short sale or 40% of total sales. And, Summerfield is simply correcting in price along with the remainder of Greater Baton Rouge Housing.

Denham Springs Summerfield Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/24/2011 to 01/24/2012. This information was extracted on 01/24/2012.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.  Since there were no sales in December 2010 and December 2011, some of the data is incomplete. 

Summerfield Subdivision Denham Springs LA 2011 Housing Report

http://www.batonrougehousingreports.com/ - Denham Springs Westminister Estates 2011 Housing Report.  Average sold price declines 6.4% and average sold price per sq. ft. declines $10.43/sf.

Denham Springs Westminister Estates 2011 Housing Report

The Legal Name of this development at the Livingston Parish Courthouse and in filing records is Westminister Estates, meaning the sign is wrong. Here are the Westminister Estates housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $149,880 in 2010 to $140,293 in 2011 or -6.4%. Median sales price was basically unchanged. However, the average sold price per sq. ft. had a -$10.43/sf decline from $91.52 in 2010 to only $81.09/sf in 2011. 

Foreclosures To Blame. I suspect part of this decline was due to 7 of the 15 total sales being foreclosures or 47% of total sales. This means that of the 15 total home sales, 7 were in some form of distress.

Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.

Dec-10 vs. Dec-11: The median sold price is down 11%

Dec-10 vs. Dec-11: The median price of for sale properties is up 3% and the median price of sold properties is down 11%

Dec-10 vs. Dec-11: The number of Sold properties has not changed

Dec-10 vs. Dec-11: The number of Under Contract properties is down 100%

Dec-10 vs. Dec-11: The number of New properties is down 50%

Dec-10 vs. Dec-11: The number of For Sale properties is down 44%

Dec-10 vs. Dec-11: The number of Expired properties is down 100%

Dec-10 vs. Dec-11: The number of for sale properties is down 44% and the number of sold properties has not changed

Dec-10 vs. Dec-11: The average days on market is down 100%

Dec-10 vs. Dec-11: The average months supply of inventory is down 100%

Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report

http://batonrougehousingreports.com/ - Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report.  Broadmoor home prices decline or corrects in 2011 close to 10%.

Here is the report on Broadmoor Subdivision housing numbers based on 58 home sales from end of December 2010 to end of December 2011. Note: This was a search through ALL of the Single Family Homes Broadmoor Subdivisions in GBRMLS, not just "Broadmoor Subd".  From 2010 to 2011, the Average sold price declined from $169,689 to $153,349 or -9.6%. From 2010 to 2011, the Median sold price declined from $166,000 down to $150,500 or -9.3%. From 2010 to 2011, the average sold price per sq. ft. declined from $77.93 down to $69.65 or -$8.28/sf or -10.7%.  The percentage of distressed sales jumped from 17% in 2010 to approximately 36% in 2011.

Solds In Broadmoor from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $169,689
Average Sold Price Per Sq. Ft.:$77.93/sf
Median Sold Price: $166,000
Low To High Sales Prices: $85,000 to $259,950
Number of Sales: 59
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 10 or 17%

Solds In Broadmoor from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $153,349
Average Sold Price Per Sq. Ft.:$69.65/sf
Median Sold Price: $150,500
Low To High Sales Prices: $63,000 to $316,000
Number of Sales: 58
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 21 or 36%

Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to the generall overall housing correction taking place in Baton Rouge and 21 or 36% of the 58 total sales being distressed in some form compared to only 10 or 17% in 2010. This means that of the 58 total home sales, 21 or 36% were in some form of distress, which is very high for the Baton Rouge housing market.

Broadmoor Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012. Yes, this appraiser does have permission to use the subdivision chart above.

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.

Dec-10 vs. Dec-11: The median sold price is down 8%

Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%

Dec-10 vs. Dec-11: The number of Sold properties is up 300%

Dec-10 vs. Dec-11: The number of Under Contract properties has not changed

Dec-10 vs. Dec-11: The number of New properties is down 62%

Dec-10 vs. Dec-11: The number of For Sale properties is down 16%

Dec-10 vs. Dec-11: The number of Expired properties is down 71%

Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%

Dec-10 vs. Dec-11: The average days on market is down 24%

Dec-10 vs. Dec-11: The average months supply of inventory is down 8%

Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report

http://www.batonrougehousingreports.com/ – Sherwood Forest Subdivision Baton Rouge 2011 Comprehensive Housing Report. Sherwood Forest values decline between 11% to 16% in 2011 based on foreclosure activity.

Sherwood Forest Subdivision Baton Rouge 2011 Housing Report

Here is the report on Sherwood Forest Subdivision housing numbers based on 91 home sales from end of December 2010 to end of December 2011. From 2010 to 2011, the Average sold price declined from $177,727 to $148,418 or -16.5%. From 2010 to 2011, the Median sold price declined from $173,450 down to $145,000 or -16.4%. From 2010 to 2011, the average sold price per sq. ft. declined from $75.41 down to $67.16 or -8.25/sf or -11%. 

Solds In Sherwood Forest from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $177,727
Average Sold Price Per Sq. Ft.:$75.41/sf
Median Sold Price: $173,450
Low To High Sales Prices: $75,000 to $342,000
Number of Sales: 70
Number of Sold REO/Foreclosures/3rd Party/Short Sales Noted In MLS: 21 or 30%

Solds In Sherwood Forest from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $148,418
Average Sold Price Per Sq. Ft.:$67.16/sf
Median Sold Price: $145,000
Low To High Sales Prices: $60,000 to $280,000
Number of Sales: 91
Number of Sold REO/Foreclosures/3rd Party/Short Sales Noted In MLS: 37 or 41%

Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to 37 of the 91 total sales being distressed in some form compared to only 21 or 30% in 2010. This means that of the 91 total home sales, 37 or 41% were in some form of distress, which is very high for the Baton Rouge housing market. 

The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.

Dec-10 vs. Dec-11: The median sold price is up 12%

Dec-10 vs. Dec-11: The median price of for sale properties is down 11% and the median price of sold properties is up 12%

Dec-10 vs. Dec-11: The number of Sold properties is up 250%

Dec-10 vs. Dec-11: The number of Under Contract properties is up 100%

Dec-10 vs. Dec-11: The number of New properties is up 25%

Dec-10 vs. Dec-11: The number of For Sale properties is down 12%

Dec-10 vs. Dec-11: The number of Expired properties is down 33%

Dec-10 vs. Dec-11: The number of for sale properties is down 12% and the number of sold properties is up 250%

Dec-10 vs. Dec-11: The average days on market is up 101%

Dec-10 vs. Dec-11: The average months supply of inventory is down 57%

Sherwood Forest Subdivision Baton Rouge 2011 Comprehensive Housing Report

Baton Rouge Sherwood Forest Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012. Yes, this appraiser does have permission to use the subdivision chart above.

http://batonrougehousingreports.com/ - Tara Subdivision Baton Rouge 2011 Home Sales Report. Tara Subdivision Home Prices Declined 7% to 8% In 2011 showing that even zip code 70806 is not immune from the Baton Rouge Housing Correction taking place into 2012.

Tara Home Prices Declined 7% In 2011 Showing Even 70806 Is Correcting

Here is the report on Tara Subdivision housing numbers from end of December 2010 to end of December 2011.  From 2010 to 2011, the Average sold price increased from $244,460 up to $245,806 or almost 1%.  From 2010 to 2011, the Median sold price declined from $220,000 down to $202,500 or -8%.  From 2010 to 2011, the average sold price per sq. ft. declined from $94.12 down to $87,61 or -6.51/sf or -7%.  In 2011, the Median Sales Price and Average Sold Price Per Sq. Ft. would be your most important indicators because of the rather unusual $575,000 7610sf home sale in 08/2011, which skewed the average sales price higher than it would have been.  Again, per the chart below, the average home in Tara sells for between $200K to $250K. 

The Chart below has some useful data, but it lacks sales in both December 2010 and 2011.

Tara Subdivision Baton Rouge 2011 Comprehensive Housing Report

Baton Rouge Tara Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.  Yes, this appraiser does have permission to use the subdivision chart above. 

http://batonrougehousingreports.com/ - Denham Springs South Point Subdivision  Report for 2011.  South Point home sales prices declined by double digits in 2011 because close to 50% of solds were distressed in some form.  Average and Median Sales Prices drop 13 and 14% from 2010 levels. 

South Point Subdivision Home Sales Report for 2011

Here are the South Point housing numbers from end of December 2010 to end of December 2011.  Some of the data isn't showing up because there were no sales in December 2010 or December 2011.  For this reason, I'm providing the GBRMLS Stats Chart as well, which should state 32 total sales for 2011.  Both the Average and Median Sales Prices plunged in 2011 with double digit declines based on "32" total home sales.  Average sales price was down from $150,394 in 2010 to $130,606 in 2011 or -13%. Median sales price was down from $150,750 in 2010 to $129,900 in 2011 or -14%.  I suspect part of this decline was due to 11 of the 32 total sales being foreclosures and 2 being 3rd Party Sales (relocation) and 2 short sales.  This means that of the 32 total home sales, 15 were in some form of distress.  

Denham Springs South Point Subdivision 2011 Comprehensive Housing Report

Dec-10 vs. Dec-11: The number of New properties is down 25%

Dec-10 vs. Dec-11: The number of For Sale properties is up 12%

Dec-10 vs. Dec-11: The number of Expired properties is down 20%

Dec-10 vs. Dec-11: The number of for sale properties is up 12% and the percent change in the number of sold properties is up 50%

Denham Springs South Point Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.

http://www.batonrougehousingreports.com/ - Greater Baton Rouge Home Sales Total 231 As Of January 23, 2012

231 Greater Baton Rouge Home Sales As Of January 23, 2012

GBRMLS Statistics for Greater Baton Rouge 8 Parish MSA Per GBRMLS from 1/1/2012 - 1/23/2012

EAST BATON ROUGE:

Currently Pending: 533

New On The Market: 395

Sold: 122

Average List Price: $197,343

Average Sold Price: $191,037

Average Continuous Days On Market: 117

Median Sold Price: $157,450

Listing-To-Sales-Price Ratio: 97%

ASCENSION: 

Currently Pending: 232

New On The Market: 107

Sold: 50

Average List Price: $197,200

Average Sold Price: $194,107

Average Continuous Days On Market: 114

Median Sold Price: $169,200

Listing-To-Sales-Price Ratio: 98%

LIVINGSTON: 

Currently Pending: 171

New On The Market: 117

Sold: 47

Average List Price: $144,759

Average Sold Price: $141,158

Average Continuous Days On Market: 140

Median Sold Price: $138,000

Listing-To-Sales-Price Ratio: 98%

OTHER (W Baton Rouge, E/W Feliciana, Iberville and Pointe Coupee):

Currently Pending: 82

New On The Market: 59

Sold: 12

Average List Price: $186,691

Average Sold Price: $171,208

Average Continuous Days On Market: 174

Median Sold Price: $159,900

Listing-To-Sales-Price Ratio: 92%

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 01/23/2012.  This information was extracted at 12:28am 01/24/2012. Excludes Manufactured / Mobile Homes.

http://www.batonrougehousingreports.com/ - Western Livingston Parish Denham Springs: Woodland Crossing Home Sales Report 

Woodland Crossing Subdivision Denham Springs Update

Here are the Woodland Crossing housing numbers from end of December 2010 to end of December 2011.

Dec-10 vs. Dec-11: The median sold price is down 4%

Dec-10 vs. Dec-11: The median price of for sale properties is up 7% and the median price of sold properties is down 4%

Dec-10 vs. Dec-11: The number of Sold properties is down 67%

Dec-10 vs. Dec-11: The number of Under Contract properties is down 67%

Dec-10 vs. Dec-11: The number of New properties is up 200%

Dec-10 vs. Dec-11: The number of For Sale properties is down 46%

Dec-10 vs. Dec-11: The number of Expired properties is down 82%

Dec-10 vs. Dec-11: The number of for sale properties is down 46% and the number of sold properties is down 67%

Dec-10 vs. Dec-11: The average days on market is down 26%

Dec-10 vs. Dec-11: The average months supply of inventory is up 113%

Denham Springs Woodland Crossing Subdivision 2011 Comprehensive Housing Report

Denham Springs Woodland Crossing Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.