baton rouge real estate: Baton Rouge Housing Market Analysis April 2023 Home Sales - 06/03/23 03:57 AM
Baton Rouge Housing Market Analysis April 2023 Home Sales 
The East Baton Rouge Louisiana real estate housing market between April 2022 and April 2023 experienced a decrease in new listings of 29% and a decrease in under contract properties by 26%. Closed sales or sold homes decreased by 27% during this period. It is important to note that the data for closed sales may have changed due to the rise in interest rates and the increase in the price of goods from April 2022 through today. The median sales price increased by 1.9%, from $264,888 to $270,000. The percent of original list … (3 comments)

baton rouge real estate: Are Greater Baton Rouge Home Sales Prices Decreasing? - 10/31/22 09:08 AM
Are Greater Baton Rouge Home Sales Prices Decreasing? 
Generally, Yes.  On a median basis, down 1.8%. 
NOTE: The Baton Rouge photo is older from when the Mississippi River was full of water.  Not so much in these days of drought.  The photo was purchased from BigStock many years ago. 
From April 2022 vs October 2022, based on median sales prices of DSF detached single-family home sales, Greater Baton Rouge decreased by 3.7%, East Baton Rouge decreased by 3.6%. Ascension increased by 1.15%, Livingston decreased the most at 6.35% and West Baton Rouge increased by almost 1%.  Yes, I understand there is 1 more day … (0 comments)

baton rouge real estate: Greater Baton Rouge February 2021 Homes Sales Prelimary Stats - 03/01/21 08:07 AM
Here's some preliminary stats for February 2021. The black bars represent February.

- Median price is $232,435
- Median price is $27,435 or 13.4% higher than last year
- Highest median Oct 2020 $233,500 
- Prices usually rise from Jan to Feb
- 1,128 listings went under contract in Feb, median 23 days on market 
- Of 1,128 listings, median price $228,990 and $130/sf, median size 1807sf
Source: Greater Baton Rouge REALTORS® MLS 1/1/2017 to 2/28/2021, extracted 2/28/2021.
(1 comments)

baton rouge real estate: Has COVID-19 Changed Baton Rouge Home Buyer Feature Choices? - 02/19/21 07:29 AM
It's been said, with people sheltering in place, they're buying larger homes with home offices, home school areas, more bedrooms and bathrooms along with recreational extras (pools, etc.) to enjoy being home more... It's especially difficult to focus on home office or home school area as key features when that might have be a formal dining room or breakfast area.
When comparing Jan 2020 vs Jan 2021, the only significant change is buyers are buying homes with more bathrooms. Home size increased by 29 sq.ft. or only 1.6 percent. Bedroom count did not change significantly. And, homes sold with pools actually decreased … (1 comments)

baton rouge real estate: Greater Baton Rouge 2020 Home Sales Prices Double-Digit Gain - 07/21/20 01:59 AM
Greater Baton Rouge MLS Monthly Sales Prices - Entire MLS Area Coverage and All Home Types 
1/1/2018 to 6/30/2020
Median Sold Price $190,000 to $215,000 = +13%
Median Sold Price Per Sq.Ft. $114 to $123 = +8%
Average Sales Price $214,819 to $245,427 = +14%
Just in 2020
Median Sold Price $195,000 to $215,000 = +10%
Median Sold Price Per Sq.Ft. $115 to $123 = +7%
Average Sales Price $228,092 to $245,427 = +7.6%
NOTE: Median sales prices are closer to reality, most common, and most reliable.  
Why the run-up in 2020 Baton Rouge home sales prices? 
Once COVID-19 was realized in March 2020, this immediately removed a certain portion of … (2 comments)

baton rouge real estate: Greater Baton Rouge Home Sales Update Mid-Year 2018 - 07/14/18 09:32 AM
Greater Baton Rouge Home Sales Mid-Year 2018 in review infographic
While 2018 began on a slow note, area home sales have caught up to some extent. NOTE: They are understandably down 7 percent from the abnormal real estate investor purchases post Great Flood of August 2016 in 2017. From 08/20/2016 to approximately 06/01/2017, thousands of flood-damaged houses were sold to investors for rehab and flipping or rehab and turning them into rentals. Total dollar sold volume decreased by only 1%.  When you think about dollar sold volume only decreasing by 1 percent BUT total sales volume decreasing by 7 percent, you see just … (2 comments)

baton rouge real estate: Broadmoor Baton Rouge Home Sales 70815 2017 - 10/12/17 03:29 AM
There are 10 total Broadmoor area subdivisions within Baton Rouge 70815 comprising 65 are detached single family home sales since 1/1/2017. 

MEDIAN SALES PRICE: $176,600
MEDIAN SOLD PRICE PER SQ. FT.: $84
MEDIAN HOME SIZE SOLD: 2,220 SQ. FT.
SOLD FOR 98% OF LISTING PRICES IN 51 DAYS


AVERAGE SELLER PAID CONCESSION OF $2,900 (rounded) AND $1.25/SF WERE DEDUCTED.  
Sellers paid buyers to buy these homes in the form of paying buyers closing cost from $0 up to $7,300. When a sales price is reported as $172,900 yet the seller had to pay $6,000 in buyer's closing cost at the closing table, the home actually sold for $166,900 … (0 comments)

baton rouge real estate: Woodland Ridge Baton Rouge Non-Flooded Home Sales 2017 - 10/12/17 02:47 AM
In August 12-18, 2016, Greater Baton Rouge and Louisiana itself experienced "The Great Flood". 35.4 percent of East Baton Rouge homes potentially flooded, so Woodland Ridge was not alone. Greater Baton Rouge, South Louisiana in general and 62 miles of Interstate 12 from Baton Rouge to Covington Louisiana, experienced a 1000 year massive flood beginning August 12th-18th impacting 146,156 homes and displacing up to 359,619 people. Homes impacted were 68,679 in East Baton Rouge Parish, 48,827 in Livingston Parish and 16,195 in Ascension Parish.  Data Source: http://www.wafb.com/story/32825095/statistics-show-greatest-impact-of-flooding-was-in-ebr-parish?clienttype=generic&sf34172323=1
Whether these Woodland Ridge homes did flood and were repaired or did not flood and were … (0 comments)

baton rouge real estate: East Baton Rouge Home Sales Stats August 2017 Infographic - 09/12/17 07:06 PM
East Baton Rouge Home Sales Stats August 2017 Infographic

by Bill Cobb Appraiser and Accurate Valuations Group 225-293-1500.  Download this pdf at https://www.slideshare.net/BatonRougeHousingReports

EAST BATON ROUGE MEDIAN SOLD PRICE FOR SINGLE-FAMILY HOMES
2012: $170,000
2013: $177,000
2014: $179,900
2015: $192,000
2016: $190,000
August 2017: $187,000
SINGLE-FAMILY HOMES SOLD
532, up 19%
MEDIAN NUMBER OF DAYS HOMES SPENT ON THE MARKET
18, Down 50%
SINGLE-FAMILY HOME LISTINGS ON THE MARKET
NEW LISTINGS: 680
ACTIVE LISTINGS: 08/2016:1950 vs 08/2017: 1758, DOWN 10%
PENDING LISTINGS: 1562

MEDIAN SOLD PRICE PER SQUARE FOOT
AUGUST 2016 versus AUGUST 2017 $116 vs $116
No Change
MONTHS OF INVENTORY FOR SALE
3.3 MONTHS
DOWN 1.1 MONTHS
SOURCE: Data used with permission of the Greater … (3 comments)

baton rouge real estate: Baton Rouge's Luxury Homes Market appears to be weakening 2017 - 03/12/17 03:31 AM
Baton Rouge's Luxury Market "appears" to be weakening into 2017  
Will higher mortgage rates negatively impact this market?  
And The Settlement At Willow Grove Update showing it also appears to be weakening from 2016 highs. Reporting the numbers I'm seeing and based on a luxury estate private sale home appraisal I completed this past week in the 70806/70808 market.



Trends comparison 7-12 months ago vs Current to 3 months:
Total Active Competing Listings have INCREASED from 13 to 27 or 107% 
Months of Housing Supply INCREASED from 13 to 20.2 months, a 55% increase
Median Comparable Sales Price has DECLINED from $1,397,500 to … (1 comments)

baton rouge real estate: Greater Baton Rouge Cities 2016 Interactive Home Sales Charts - 02/28/17 03:45 AM
Greater Baton Rouge Cities 2016 Home Sales Charts - An INTERACTIVE Visual Page by Bill Cobb Appraiser 225-293-1500
   ***** THIS PAGE MAY TAKE A LITTLE WHILE TO FULLY LOAD WITH 6 CHARTS *****
 
 The Greater Baton Rouge Cities covered below include: City of Baton Rouge, Zachary Louisiana Central Community Baker Louisiana Prairieville Louisiana Gonzales Louisiana Denham Springs Louisiana.
 TIP: Best when viewed on a PC, Laptop, Tablet or iPad, not necessarily your phone. If on a phone, turn it horizontal. To MAXIMIZE the view, click on bottom right UP arrow. Click on different points of the data below and watch it change. Shift … (1 comments)

baton rouge real estate: Greater Baton Rouge 2016 Interactive Home Sales Charts - 02/24/17 10:06 AM
Greater Baton Rouge 2016 Home Sales Charts - An INTERACTIVE Visual Page by Bill Cobb Appraiser 225-293-1500
 ***** THIS PAGE MAY TAKE A LITTLE WHILE TO FULLY LOAD WITH 5 CHARTS *****
 
Greater Baton Rouge includes the Parishes or Counties of: East Baton Rouge Parish Ascension Parish Livingston Parish and West Baton Rouge Parish
 TIP: Best when viewed on a PC, Laptop, Tablet or iPad, not necessarily your phone. If on a phone, turn it horizontal. To MAXIMIZE the view, click on bottom right UP arrow.
 
 Click on different points of the data below and watch it change. Shift “SOLD DATE” at top left from … (22 comments)

baton rouge real estate: Green Trails At Shenandoah Baton Rouge Home Sales 2013 to 2016 - 03/23/16 05:02 PM
Green Trails At Shenandoah Subdivision Baton Rouge Home Sales 2013 to 2016 YTD Zip Code 70817 by Bill Cobb Appraiser 225-293-1500

To answer a question about if a new home is worth the asking price in Green Trails, I searched from 1600sf to 2200sf, there's been 3 sales and 3 current listings. Three solds from $295,300 to $316,000, 1842sf to 2059sf, median size 2004sf, median sales price $148/sf, median days on market 122 days and median listing to sales price ratio 99%.
Two active listings from $288,400 to $289,900, 1876sf to 1981sf, median size 1928sf, median listing price $150/sf, median days on market … (2 comments)

baton rouge real estate: January 2016 Greater Baton Rouge Home Sales Facts Bill Cobb Appraiser - 03/03/16 05:07 PM
Originally published here on BatonRougeHousingReports.com 
Greater Baton Rouge Home Sales January 2016 Update by Bill Cobb Appraiser

It used to be in Baton Rouge Real Estate January and February were slower months for home sales.  However, January 2016 was a very busy start to our new year. A couple of local REALTORS said they sold more homes in January 2016 than they did in their busiest months in 2015. 
Here is this month's look at Greater Baton Rouge home sales for detached and attached homes: East Baton Rouge, West Baton Rouge, Ascension and Livingston. I'm comparing January 2015 vs January 2016 statistics. DO KNOW we're … (0 comments)

baton rouge real estate: Greater Baton Rouge 2015 Home Sales $475,000 Plus List by Subdivision - 01/22/16 09:49 PM
Greater Baton Rouge 2015 Home Sales $475,000 Plus List by Subdivision
 
Since 01/01/2015, there’s been 428 luxury home sales $475,000 to $6,000,000. Low sales price per sq. ft. was $45/sf to a high of $455/sf, averaging $182/sf. Luxury home sold from 1 to 1,180 days on the market, averaging 152 days. Executive homes sold from 50% of listing price to 120%, averaging 96%. It appears Bocage market is showing some weakness selling at 88% to 89% of listing prices. Average size luxury home sold was 3,853 sq. ft..

The most sales took place NOT in subdivisions but rather on Rural Tracts, 43 sales. … (1 comments)

baton rouge real estate: Garden District | Baton Rouge Real Estate - 01/17/16 09:25 PM
A very well meticulously written description of Baton Rouge's romantic Garden District, an older neighborhood in 70806 and 70808 where pier & beam cottage style homes have personality as opposed to say Shenandoah Estates 70817 where personality and looks was obviously not the goal.  
My definition is Baton Rouge Garden District home appraisals extends from Park Blvd to the west, Government St North, Lobdell Ave East and the meandering lines below.  In my opinion, there's no way to say Roseland Terrace is the Garden District and Old Goodwood is not. Same with Steele Place, Glenmore Place or Westdale, to say these … (0 comments)

baton rouge real estate: Virtual Reality Home Viewing Coming To Some 2016 Baton Rouge Listings - 01/03/16 10:31 PM

Virtual Reality Home Viewing
Technology has always fascinated me! Technology applied to visual marketing or visual presentation within residential real estate, whether via amateur photos or Fotosold quality photos, Animoto style photo slideshow videos or real video tours, illustrated sketch images or animated floor plans, the standard or bar in presentation keeps being raised by those willing to go First and making deep pocket investments into technology.
Last week during my time off and while perusing Facebook, I saw where Darren James Real Estate Experts shared and stated, "Darren James Real Estate Experts...Bringing Virtual Reality to Home Viewing in 2016! The … (0 comments)

baton rouge real estate: Baton Rouge Home Prices in Zip Code 70810 Increase 5 Percent in 2015 - 12/03/15 02:09 PM
This is a Baton Rouge Housing Market Study of Zip Code 70810 from 2014 versus 2015 YTD, from $0 to $500,000 in order to eliminate any $1,000,000 high dollar sales and  the Pennington $6,000,000 sale within these neighborhood boundaries. While I stated above a 5 percent increase, median sales price was up 6.6%, average sales price was up 5.3% and average sold price per sq. ft. was up 3.4%.  When rounded, this is closest to a 5% increase. 






Median Sales Price: + $15,950 or + +6.6%
$243,000 in 2014 vs. $258,950 in 2015
 


Average Sales Price: + $12,975 or +5.3%
$246,280 in 2014 vs. $259,255 in … (0 comments)

baton rouge real estate: Oak Hills Place Baton Rouge Home Sales Update 2015 - 11/28/15 02:19 PM
I recently completed a Baton Rouge Divorce Home Appraisal in Oak Hills Place Subdivision in the hottest zip code in Baton Rouge - 70810. Oak Hills Place was developed in approximately the 1960s. Home sizes range from 1821sf to 4986sf, average 2667sf. The following is my report on the home sales trends from September 2014 to November 2015 Year-To-Date.

Oak Hills Place Subdivision Baton Rouge 70810 Home Sales Update 09/2014 to 11/2015 YTD:
Eight (8) Oak Hills Place Home Sales From $210,500 to $619,000
Median Sales Price $350,000
Average Sales Price: $354,562
Median Sold Price Per Sq. Ft.: $118/sf
Average Sold Price Per Sq. Ft.:$122/sf, $72/sf to … (0 comments)

baton rouge real estate: University Club Plantation Baton Rouge Home Prices Charts 2015 - 11/28/15 10:13 AM
I recently completed a Baton Rouge Pre-Listing Home Appraisal in Baton Rouge's Executive Luxury Subdivision, University Club Plantation. The following is my report on the existing home sales trends from January 2015 to November 28, 2015.  Why the focus on just existing home sales?  Because the home I'm appraising is approximately 10 years old now and the contrast between new home sold prices and existing home prices is of no comparison.  The average sales price per sq. ft. of existing homes in 2015 was $166 vs. $186/sf for new construction.  Why the focus on median sales price?  Because median sales price … (1 comments)

 
Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Bill Cobb Appraiser

Greater Baton Rouge's Home Appraiser

Baton Rouge, LA

More about me…

Accurate Valuations Group, LLC

Address: P.O. Box 40515, Baton Rouge, LA, 70835

Office: (225) 293-1500

Mobile: (225) 953-0638

Baton Rouge Louisiana Home Appraiser Providing Local Real Estate News And Opinion.

Baton Rouge FHA Appraisers

ABOUT AVG:

BATON ROUGE PRE-LISTING APPRAISALS EXPLAINED VIDEO:

Click Here To Find Out More About Greater Baton Rouge Pre-Listing & Pre-Purchase Appraisals!


Click Here To Visit Greater Baton Rouge Real Estate News "Curated" Site!

BATON ROUGE HOUSING REPORTS DOT COM:

EAST BATON ROUGE AUGUST 2011 VS AUG 2012 UPDATE:



ON-SITE HOUSING REPORT:




Listings

Links

Archives

RSS 2.0 Feed for this blog