baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: Ascension Parish Economic News: 2 Plants To Invest 1 Billion in 2016
- 01/05/16 03:02 AM
More Good News For Ascension Parish: Shell Chemical Expansion of $717,000 Million and Honeywell To Build $300 Million Plant equals over 1 Billion Dollars into 2016. This could mean more good news for North Ascension Parish (or County) housing market.
There are currently 33 new residential developments under construction to meet the demand of buyers, making it feel like 2005 after Hurricane Katrina all over again. PLUS, Greater Baton Rouge was ranked in the Top 10 Hottest Housing Markets of 2016 nationally.
There’s been more than a dozen good economic news reports for Ascension Parish in 2015 and here’s the second for 2016: … (0 comments)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: 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)
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baton rouge: Greenwell Forest Subdivision Baton Rouge Home Sales Update 70814
- 11/23/15 04:56 PM
I recently completed a pre-foreclosure home purchase appraisal in Greenwell Forest Subdivision Baton Rouge 70814. Greenwell Forest was developed in approximately the 1950s. Home sizes range from 1207sf to 2952sf, average 1690sf. The following is my report on the home sales trends that took place and the prices paid for these homes from November 2014 to November 2015 Year-To-Date.
Greenwell Forest Subdivision Baton Rouge 70814 Home Sales Update 2014 to 11/2015 YTD:
7 Home Sales From $55,000 to $160,000
Median Sales Price $125,000
Average Sold Price Per Sq. Ft.:$58/sf
Average Sales Price To Listing Price Ratio: 94%
Average Days On Market: 136 Days.
NOTE: Average Listing To Sales … (1 comments)
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baton rouge: Sherwood Forest Subdivision Baton Rouge Still Struggling Into 2016
- 11/23/15 04:30 PM
I recently completed a home purchase appraisal in Sherwood Forest Subdivision Baton Rouge. Baton Rouge, population 228K (Greater B.R. 804K). Since mid 1990s, BR has experienced rapid residential
and commercial development. Location is convenient to schools, employment and shopping. Sherwood Forest was developed in 1960s-1970s and is in maturity phase of Neighborhood Lifecycle. Homes range from 1254sf to 7073sf, 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 September 2014 to November 2015 Year-To-Date.
Sherwood Forest Is Still Struggling and NOT a Subdivision you should be … (1 comments)
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baton rouge: Inniswold Estates Baton Rouge Home Sales Update 2015
- 11/18/15 11:04 AM
I recently completed a home equity appraisal in Inniswold Estates Subdivision in City of Baton Rouge Suburb. Inniswold Estates was developed in approximately the 1940s to 1960s with a mix of older and newer homes. GBRMLS search shows the two oldest ages recorded in listings was 1944 and 1945. Buying tear downs of old home appears to build new homes to be a trend due to location, location, location. Home sizes range from 1,070sf to 5,684sf, average 1,826sf. The following is my report on the home sales trends that took place and the prices paid for these homes from June 2014 … (1 comments)
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baton rouge: Villa Del Rey Baton Rouge Home Sales Updates 2015
- 11/13/15 04:11 PM
I recently completed a pre-foreclosure home appraisal in Villa Del Rey Subdivision Baton Rouge and Villa Del Rey is no stranger to foreclosure or distressed histories or cycles. Villa Del Rey was developed in multiple filings from late 1950s to perhaps early 1970s. Home sizes range from 1273sf to 4460sf, average 2,100sf +/-. The following is my report on the home sales trends that took place and the prices paid for these homes from October 2014 to November 11, 2015 Year-To-Date.
MY CAUTIONARY NOTE TO POTENTIAL BUYERS:
I would not advise buyers to pay $95/sf in Villa Del Rey, no matter how … (2 comments)
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baton rouge: Cornerstone Subdivision Baton Rouge Home Sales Trends 2014-2015
- 11/10/15 03:46 PM
I recently completed a rare Baton Rouge foreclosure home appraisal in the year 2015 within Cornerstone Subdivision off Siegen Lane. The following is my report on the home sales trends that took place and the prices paid for these homes from 2014 to 2015.
Baton Rouge population 228,000 (Greater Baton Rouge 804,000+/-). Since mid 1990s, Baton Rouge experienced rapid residential and commercial development. Location is convenient to schools, employment and, numerous restaurants and shopping (Perkins Rowe, Mall of Louisiana, Walmart, Sams Club). Zip Code 70810 is possibly THE most popular HOT location in Baton Rouge based on favorable location to Perkins Rowe, … (1 comments)
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baton rouge: Bayou Grand South Gonzales LA Home Sales Trends 2014-2015
- 11/10/15 12:32 PM
I recently completed a home purchase appraisal in Bayou Grand South Subdivision in Gonzales Louisiana 70737. Gonzales is Greater Baton Rouge Suburb located south of Baton Rouge. Bayou Grand South may have been developed in 1950s, not exactly certain, with home sizes ranging from 776sf to 1850sf, average 1,290 sq. ft. The following is my report on the home sales trends that took place and the prices paid for these homes from January 2014 to November 2015 Year-To-Date.
*****READ MY CAUTIONARY WARNING ON A LISTING AT $121/SF WITHIN BAYOU GRAND SOUTH. IT WOULD NOT BE A WISE PURCHASE TO PAY $121/SF IN … (1 comments)
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baton rouge: Woodstock Subdivision Central Baton Rouge Home Sales Update 2015
- 11/09/15 02:11 PM
I recently completed a home purchase appraisal in Woodstock Subdivision in City of Central Baton Rouge Suburb. Woodstock was developed in 2008 with a second filing in 2012-2014 around 2 lakes or ponds. Home sizes range from 1697sf to 3448sf, average 2,133sf. DSLD Homes has been primary Builder in Woostock since 2013. The following is my report on the home sales trends that took place and the prices paid for these homes from November 2014 to November 2015 Year-To-Date.
Woodstock Subdivision Central Baton Rouge Home Sales Update 11/2014 to 11/2015:
Thirty five (35) Sales From $221,000 to $345,900
Median Sales Price $237,900
Average Sold Price … (1 comments)
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baton rouge: Lakepark Garden Homes Baton Rouge - Be Careful How Much You Pay!
- 11/09/15 06:31 AM
I recently completed a Baton Rouge refinance home appraisal in Lakepark Garden Homes. Lakepark Garden Homes was developed in 1985 with some homes built, stalled building due to U.S. economic meltdown and resumed new homes in approximately 1992-1994. Homes range from 874sf to 2,373 sq. ft. average size 1357sf. The following is my report on the home sales trends that took place and the prices paid for these homes from 09/2014 to 2015.
THINKING OF BUYING A HOME IN LAKEPARK GARDEN HOMES?
IT'S CERTAINLY A SUBDIVISION I'D STRONGLY RECOMMEND A PRE-PURCHASE HOME APPRAISAL TO AVOID OVER PAYING. Those that paid $145,000 in … (0 comments)
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baton rouge: Baton Rouge Appraiser Responds: Subjective Views can kill a deal
- 11/04/15 04:12 PM
Recently, the Washington Post and Ken Harney published, "Appraiser's subjective view can kill a deal despite accord by buyer and seller", see link at bottom. In this article, it talks about recent studies of adjustments to comparable sales used in appraisals and categorizes adjustments into two camps: objective and subjective. Dictionary definitions tend to lump objective into "the facts" versus subjective more into an Appraiser's opinion or personal bias.
Image Source: Washington Post
OBJECTIVE ADJUSTMENTS are outlined in pink highlight: living area size, lot size, # of baths and bedrooms, etc. In truth, some objective characteristics (the facts) can be adjusted on … (3 comments)
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baton rouge: Hunters Lake Baton Rouge Home Price Trends Subdivision 70816
- 10/26/15 02:51 PM
Hunters Lake Subdivision Baton Rouge 70816 Home Sales Trends 2014-2015
I was asked today to update Hunters Lake home price trends by a resident, update follows.
STEEP CORRECTION from post Hurricane Katrina Highs of $115/sf and Hunters Lake IS NOT enjoying increasing home prices typical in the hottest zip codes within Baton Rouge in 2015. I'm sharing these charts from Greater Baton Rouge Association of REALTORS MLS. HOWEVER, It's a great trend that residents don't have a desire to move out of Hunters Lake.
January 2014 to October 26 2015 Hunters Lake Subdivision Home Sales Trends For DSF (Detached Single Family and there are … (0 comments)
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baton rouge: Baton Rouge's Southdowns Home Values Increase Into 2015
- 10/05/15 11:10 AM
Southdowns average sold price from 2014 to 2015 increased by $7/sf and Median Sales Price increased by $7,198.
2015 Southdowns Sales year-to-date include 28 GBRMLS Sales from $159,000 to $837,500, Median Sales Price $297,500, Average Sold Price: $167/sf, Average Sales Price to Listing Price Ratio: 97%, Average Days On Market: 78 Days. In 2014, Average Sold Price was $160/sf and Median Sales Price was $290,302, so Property Values appear to be increasing.
SOUTHDOWNS RESALES
One notable resale example was 4785 Mimosa, a newer home, sold in September 2014 for $300,000 and again in July 2015 for $324,900, a $24,900 increase or +8.3% increase. Yes, it … (3 comments)
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baton rouge: Baton Rouge Home Sales Up June 2015, Market Commentary
- 07/09/15 06:52 PM
Greater Baton Rouge Home Sales Snapshot June 2015
Covers Detached Single Family in East & West Baton Rouge, Ascension & Livingston Parishes.
It appears Greater Baton Rouge home sales recovered in June with a 8.5% increase over June 2014 and after an 8% decline for May 2015. And, for first 6 months, home sales are up 5.2% with 3,972 from Jan-June 2015 vs 3,777 Jan-June 2014.
New construction experienced 894 sales sales for entire 2015 $123,900 to $901,700, median $216,895, average $243,347 selling for 100% of listing price, average size home 1,953 sq. ft. and average price per sq. ft. of $122/sf, Average days … (0 comments)
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Green Trails At Shenandoah Subdivision Baton Rouge Home Sales 2013 to 2016 YTD Zip Code 70817 by Bill Cobb Appraiser 225-293-1500
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