baton rouge: 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)
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baton rouge: Baton Rouge Home Values 2022 Breakdown
- 11/25/22 07:06 PM
Baton Rouge House Values Study Defined
This study covers 1/1/2022 to 11/24/2022 with Baton Rouge being defined as East Baton Rouge, West Baton Rouge, Ascension, and Livingston Parishes or Counties. DSF and ASF sales are only included, not manufactured housing or MFH. See the bottom of the post for MFH stats. DSF is detached single-family (traditional homes) and ASF is attached single-family (condos and townhomes).
There have been 9,987 total sales of which 8,963 were DSF and 1,024 sales were ASF. DSF sales were 90% and ASF 10%. Listing prices ranged from $12,000 to $4,950,000, with an average of $299,704, and a median … (3 comments)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: Sherwood Forest Baton Rouge Declining After Post Flood Increase
- 11/10/19 10:33 PM
Sherwood Forest Baton Rouge Home Price Already Correcting After Post-Flood Increases
I recently completed a home purchase appraisal in Sherwood Forest Subdivision Baton Rouge. Baton Rouge, population 228K (Greater B.R. 804K). Since the mid-1990s, Baton Rouge has experienced rapid residential and commercial development. Location is convenient to schools, employment, and shopping. Sherwood Forest was developed in the 1960s-1970s and is in the maturity phase of Neighborhood Lifecycle. Home sizes range from 1,254 sqft to 7073 sqft, average 2200sf to 2400sf.
The following is my report on the home sales trends that took place and the prices paid for these homes from January 2018 … (1 comments)
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baton rouge: Lake Pointe Courtyard Homes Zachary Home Prices
- 11/10/19 06:06 PM
Lake Pointe Courtyard Homes Zachary Home Prices
Zachary, Louisiana approximate population 16,760, 38% growth since 2000 with expanded residential and commercial development. The draw to Zachary is well-performing public schools, Top in State for 10 Years Straight with Louisiana test scores of 109.4 (this is not a subjective statement). Zachary is a mix of older subdivisions along with newer since 1994. Lake Pointe Courtyard Homes was developed in 2002 with homes from 1,713 sqft to 2,095 sqft, median size 1,777 sqft.
Lake Pointe Courtyard Homes Market Condition:
There is very little turn-over or sales of homes within Lake Pointe Courtyard Homes. In Lake Pointe Courtyard Homes … (2 comments)
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baton rouge: Azalea Lakes Baton Rouge Home Prices 2019
- 08/25/19 09:16 AM
I'm working on an Azalea Lakes Baton Rouge LA 70817 home appraisal and realize I haven't reported on home sales numbers in quite a while. Azalea Lakes Baton Rouge Home Prices 2019
July 2018 vs July 2019 Azalea Lakes Subdivision Stats:
My search was filtered by 11-50 yrs old, 3 bedrooms, 1500sf or less and 1,501 to 2000sf based on the median size Azalea Lakes home is 1,600sf.
Median Sold Price: $135/sf, no change
Median Sold Price: $221,500, +5.5 percent
DOM (days on market): 14 days, down 67 percent, was 42 days in July 2018
Months Supply of available active listings: 2.6 months, down -3.7 percent
MLS Listings Are Selling … (1 comments)
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baton rouge: Baton Rouge Appraisers: Camelot Home Sales 2018 Post Flood
- 02/02/19 04:56 AM
Camelot Subdivision Baton Rouge 70816 2018 Home Sales
Median Sales Price: $199,500
Median Sales Price Per Sq Ft: $95/sf
Median Size Home Sold: 2,308sf
Homes sold for 97% of listing prices.
Be careful paying above $96/sf in there.
Camelot was developed between 1975 to 1977 with varying styles of homes, ranch being the most common. Home sizes range from 1,932 sq ft living area to 3,695sf, the median size home 2,288 sq ft.
This is the Camelot Subdivision Flooding August 2016 Baton Rouge map via the East Baton Rouge Flood Inundation Maps. This map appears to show 19+/- homes flooding in August 2016, … (1 comments)
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baton rouge: How Baton Rouge Flood Impacted Home Prices and Changed Market
- 07/16/18 04:34 AM
Greater Baton Rouge's Top Selling Zip Codes
The “Great Flood” had the impact of raising the tide of most boats so to speak when comparing pre-flood sold prices to post-flood sold prices almost 2 years after. Greater Baton Rouge is a different housing market post-flood!
Extensive commentary
This is a study from January 1, 2017 to July 10, 2018 of Greater Baton Rouge Top Selling Zip Codes. My curiosity in this number of tables is to discover where Greater Baton Rougeons chose to settle or move since the Great Flood of August 2016. Where’s the marketing moving? Where are buyers choosing to call … (3 comments)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: Settlement At Willow Grove Baton Rouge Appears To Weakening in 2017
- 03/12/17 01:22 AM
A client planning a potential purchase in The Settlement At Willow Grove requested sales trends. So, I prepared charts, interactive charts and commentary on trends. What the trends are communicating is prices are pulling back to prices of two years ago.
***NOTE: There are 9 under contract homes within when closed will provided a more clear trends direction for 2017. While it's important to report "What Happened", it's as important to report on the "Market In Play" or what is taking place right now.
Baton Rouge's Luxury Market appears to be softening, becoming weaker.
Outside of Settlement within Baton Rouge's 70806, 70808, 70809 … (0 comments)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: Baton Rouge Appraiser Bill Cobb Attends Common Errors Continuing Ed
- 10/18/16 08:37 PM
Bill Cobb Appraiser, of Greater Baton Rouge, recently attended the 7 hour continuing education "Common Appraisal Errors" taught by Appraiser and Educator, Melissa Bond of http://www.ceinstructor.com/. I always highly recommend taking CE from Melissa because she's still a "boots on the ground Appraiser", unlike some CE Instructors who haven't appraised a home in well over 20 years. And, several others told me that's the exact reason Melissa is their favorite instructor.
This class was a review of:
Focus on minimizing common errors noted by FHA, VA, USDA and Fannie Mae
GSE (Fannie Mae, Freddie Mac) requirements for accuracy and accountability
USPAP compliancy (Uniform Standards of Professional … (0 comments)
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baton rouge: Monhegan City of Central Baker Home Sales Update 2016 Pre-Flood
- 08/08/16 12:36 PM
City of Central's Monhegan Subdivision Home Sales Report 70714. Bill Cobb Appraiser
is performing a City of Central home purchase appraisal.
Comment on Monhegan:
Monhegan itself has Stable Prices (is not increasing and does not generally share in Central's overall increasing prices). This is why the very best comparable sales for homes in Monhegan are other homes in Monhegan, even if they're older sales. There are enough homes in Monhegan not properly kept up well that it does have an impact on values. And, the location in flood zone AE at ftont of subdivision as well as in the rear is also a factor in … (0 comments)
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Baton Rouge Housing Market Analysis April 2023 Home Sales 
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