Baton Rouge Real Estate Observations: Southwest Baton Rouge Market Shows Strong Comeback into 2010

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Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Observations: Southwest Baton Rouge Market Shows Strong Comeback into 2010

baton rouge real estate map

Wow, what a difference 6 months can make in a housing market. I appraised a home in Cottage Hill Subdivision 70809 in October 2009 and again in April 2010.  The differences in that housing market is like night and day. See Below!

cottage hill baton rouge

Market Conditions Description in 10/2009:

Declining Market of -4.39% Since 10/2008. 28 Months Supply of Housing On
Market. 19 Competing Listings Does Indicate an Over-Supply (includes FSBO listings). 96% List-To-Sales Price Ratio. While comps 1-3 show 1-3 months marketing time, 28 Month Supply and an oversupply indicate over 6 months.

baton rouge housing

Market Conditions Description in 4/2010:

Stable to Increasing Market of 8.49% Since 4/2009. 6.3 Months Supply of
Competing Housing On Market. 14 Competing Listings Does Indicate an Over-Supply (does not include FSBO’s). 97% List-To-Sales Price Ratio.

baton rouge homes

NOTE: Based on Detached Single Family information from the Greater Baton Rouge Association of REALTORS\MLS for the period 10/01/2007 through 10/15/2009 versus 04/17/2008 to 04/17/2010. MLS Areas 53, 61 and 62, Slab Foundation, 2100sf to 2500sf, 6-10 to 16-20 Yrs old. This information was extracted on 10/15/2009 and 04/22/2010.

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Rainer
401,723
Constantine Isslamow
Century 21 United Realty Inc. - Peterborough, ON
"Training and Accountability"

Thanks for sharing your stats with us.

Wishing you continued success.

Apr 22, 2010 11:52 AM #1
Rainmaker
137,563
Mary Kay Hopkins
Mary Kay Hopkins, LLC e-PRO, GRI, CRS, CRB - Lake Charles, LA
e-PRO,GRI,CRS

Very impressive presentation of some very impressive stats.

Apr 22, 2010 12:18 PM #2
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Rainmaker
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Bill Cobb

Greater Baton Rouge's Home Appraiser
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