Baton Rouge Real Estate News
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Baton Rouge Real Estate News
The Scoop On Baton Rouge Housing by Bill Cobb With Accurate Valuations Group Home Appraisals www.accuratevg.com and Editor of Baton Rouge Housing Reports www.batonrougehousingreports.com . Sign Up For Email Updates Here: http://bit.ly/GRQqsm  .  DROP BILL A NOTE HERE: http://bit.ly/GSvAXd
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Baton Rouge Louisiana home price appreciation 3.5 percent?  

Baton Rouge Louisiana home price appreciation 3.5 percent?   | Baton Rouge Real Estate News | Scoop.it
US home price appreciation trends by state via Freddie Mac
June 2016 to July 2017 originally shared by Leonard Kiefer
 
Louisiana shows +3.5%
 
Baton Rouge Real Estate News's insight:

While Louisiana shows +3.5% in general, there are certainly submarkets experiencing higher percent increases. The prices of new homes in Prairieville's The Hollows of Dutchtown are nosebleed high with buyers lined up to buy. 

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Baton Rouge and Louisiana's "Underwater Homes" INCREASES dramatically!

Baton Rouge and Louisiana's "Underwater Homes" INCREASES dramatically! | Baton Rouge Real Estate News | Scoop.it
Business, News & Multimedia, Photos, Reports, Investment news, Personal finance
Baton Rouge Real Estate News's insight:
Baton Rouge and Louisiana's "Underwater Homes" INCREASES dramatically!
 
Perhaps because of the flood? I know some investors walked away because they didn’t receive FEMA help. Having flooded myself, I can certainly feel the pain of those trying to recover, especially with it taking over 6 months for most to receive flood insurance checks. For those without flood insurance, this has been a nightmare to some extent financially but also has showed the good and compassion of Baton Rougeons reaching out to help!
 
"While negative equity continued to trend steadily downward in the first quarter, it remains stubbornly high in often-overlooked pockets of the housing market. Other metro areas with a quarterly increase in underwater properties ranking among the top 10 were Columbus, Ohio; New York, New York; Milwaukee, Wisconsin; Baton Rouge, Louisiana; and Cincinnati, Ohio. Half of the top 10 metros with the biggest quarterly increase in the number of seriously underwater properties also saw an annual increase in the share of distressed sales in Q1 2017: Philadelphia, Cleveland, Columbus, New York and Baton Rouge."
 
"States with the highest share of seriously underwater properties as of the end of Q1 2017 were Nevada (18.9 percent); Ohio (17.1 percent); Illinois (16.5 percent); Louisiana (16.4 percent); and Missouri (14.5 percent)."
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Assessing elevation: Not many Baton Rouge homes required to be raised so far

Assessing elevation: Not many Baton Rouge homes required to be raised so far | Baton Rouge Real Estate News | Scoop.it
Panic followed the inspectors into the flooded neighborhoods.
Baton Rouge Real Estate News's insight:

Assessing elevation: Not many Baton Rouge homes required to be raised so far - The Advocate News

This is great news for some in Greater Baton Rouge! 

http://www.theadvocate.com/baton_rouge/news/article_aee36174-de85-11e6-b43b-378a831d9430.html

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Greater Baton Rouge Great Flood Repaired Renovated Home Sales Update

Greater Baton Rouge Great Flood Repaired Renovated Home Sales Update | Baton Rouge Real Estate News | Scoop.it
Greater Baton Rouge Great Flood Repaired or Renovated Sales Study Update, Low Inventory To The Rescue! As of January 24, 2017 Greater Baton Rouge Low
Baton Rouge Real Estate News's insight:
Greater Baton Rouge Great Flood Repaired Renovated Home Sales Update
 
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Baton Rouge Home Sales 2016 Stats By Subdivision Names | Baton Rouge Real Estate Housing News

Baton Rouge Home Sales 2016 Stats By Subdivision Names | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it

Baton Rouge Home Sales 2016 Stats By Subdivision Names

Read more http://www.batonrougehousingreports.com/2016/12/baton-rouge-home-sales-2016-stats-by-subdivision-names/

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Baton Rouge Cities Where Median Home Prices Increased The Most In 2016 | Baton Rouge Real Estate Housing News

Baton Rouge Cities Where Median Home Prices Increased The Most In 2016 | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it
Baton Rouge Cities Where Median Home Prices Increased The Most In 2016
Baton Rouge Real Estate News's insight:

Baton Rouge Cities Where Median Home Prices Increased The Most In 2016

Read more http://www.batonrougehousingreports.com/2016/12/baton-rouge-cities-where-median-home-prices-increased-the-most-in-2016/

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Parc Chaleur in Baker Home Sales 2016 by Baton Rouge Home Appraiser Bill Cobb – Baton Rouge Appraisal Blog

Parc Chaleur in Baker Home Sales 2016 by Baton Rouge Home Appraiser Bill Cobb – Baton Rouge Appraisal Blog | Baton Rouge Real Estate News | Scoop.it
Baton Rouge Real Estate News's insight:

Parc Chaleur in Baker Home Sales 2016 by Baton Rouge Home Appraiser Bill Cobb Blog

http://www.homeappraisalsbatonrouge.com/greater-baton-rouge-real-estate/baton-rouge-real-estate/parc-chaleur-in-baker-home-sales-2016-by-baton-rouge-home-appraiser-bill-cobb/

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Greater Baton Rouge Flood – 38 Currently Damaged House Sales Study | Baton Rouge Real Estate Housing News

Greater Baton Rouge Flood – 38 Currently Damaged House Sales Study | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it
Greater Baton Rouge Flood – 38 Currently Damaged House Sales Study
Baton Rouge Real Estate News's insight:

Greater Baton Rouge Flood – 38 Currently Damaged House Sales Study

Read more http://www.batonrougehousingreports.com/2016/10/greater-baton-rouge-flood-38-damaged-house-sales-study/

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Jackson Place Subdivision Central Baton Rouge  Home Sales Jackson Place Subdivision Central Baton Rouge Home Sales Trends 2015-2016 

Jackson Place Subdivision Central Baton Rouge  Home Sales Jackson Place Subdivision Central Baton Rouge Home Sales Trends 2015-2016  | Baton Rouge Real Estate News | Scoop.it

Jackson Place Subdivision Central Baton Rouge Home Sales Trends 2015-2016

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Baton Rouge Wedgewood Subdivision Home Sales News 2012

Baton Rouge Wedgewood Subdivision Home Sales News 2012 | Baton Rouge Real Estate News | Scoop.it

Baton Rouge Wedgewood Subdivision Home Sales News 2012   Recently, I appraised a home for a purchase on Elkwood Drive and discovered these 2012 home sales trends in Baton Rouge Louisiana's Wedgewood Subdivision...


Click through below to see these trends. 

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Woodlake At Bluebonnet Baton Rouge Home Sales Update 2012

Woodlake At Bluebonnet Baton Rouge Home Sales Update 2012 | Baton Rouge Real Estate News | Scoop.it
Woodlake At Bluebonnet Baton Rouge Home Sales Update 2012 This Baton Rouge Real Estate market data provided by Bill Cobb Home Appraiser of Baton Rouge Louisiana Home Appraisals   NOTE: The GBRMLS Chart Below Is Not Updated with the 11/2012 sale.
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Cameren Oaks Subdivision Home Sales 2012 Appraisals in Baton Rouge

Cameren Oaks Subdivision Home Sales 2012 Appraisals in Baton Rouge | Baton Rouge Real Estate News | Scoop.it

Cameren Oaks Subdivision Home Sales 2012 by Home Appraisals in Baton Rouge Louisiana I recently completed an appraisal in Baton Rouge Louisiana's Cameren Oaks Subdivision and discovered the following home sales trends for 2012. 


The average sales price per square foot is $110/sf, and the average home size is approximately 1,526 square feet. The Median Sales Price is $165,100. On average, homes spent 61 days on the market. Average Listing-To-Sales-Price-Ratio has been 99%, meaning homes are selling for 99 percent of asking prices, 1 percent less than asking price.


Image Source: Bill Cobb Appraiser and Home Appraisals in Baton Rouge

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East Baton Rouge New Home Sales October 2011 Versus October 2012, Downloadable PDF

East Baton Rouge New Home Sales October 2011 Versus October 2012, Downloadable PDF | Baton Rouge Real Estate News | Scoop.it

East Baton Rouge Home Sales October 2011 Versus October 2012 New Home Construction   East Baton Rouge Home Sales October 2011 Versus October 2012 New Home Construction, excluding manufactured housing.  GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of...20+ Page Downloadable PDF. 

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Nation’s home sellers seeing biggest profits in a decade - Baton Rouge Business Report

Nation’s home sellers seeing biggest profits in a decade - Baton Rouge Business Report | Baton Rouge Real Estate News | Scoop.it
U.S. home sellers are racking up bigger profits than they have in a decade, with CNBC reporting the trend is being driven by fast-rising home prices as well as homeowners staying put longer than usual. The average tenure of a homeowner who sold in the second quarter of this year came in at jus
Baton Rouge Real Estate News's insight:

True in Greater Baton Rouge as well as I'm seeing home sales prices which sometimes boggle the mind!  Now you'll pay well over $400,000 for a new 2400 sq. ft. home in Baton Rouge and Ascension Parish. With continuing low interest rates and generally low inventory of homes to choose from, it's as though buyers see they have no choice and just pay the ever increasing premium for Baton Rouge housing.

Post-Flood Insanity!  
Sometimes I wonder if they're even thinking about what and where they're purchasing, speaking of homes that had 4.8' of flood water in them less than 1 year ago, yet on average, buyers are paying $13/sf MORE than pre-flood prices for flood-renovated homes because they don't the flood will happen again in their lifetimes. 

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Baton Rouge Great Flood Post Flood Renovated Home Sales Update Februa…

Baton Rouge Great Flood Post Flood Renovated Home Sales Update February 6 2017
Baton Rouge Real Estate News's insight:

Baton Rouge Great Flood Post Flood Renovated Home Sales Update February 6 2017

Baton Rouge Great Flood Renovated Home Sales Update February 6 2017, see slideshare below
 
I don't want to over sensationalize here as each day brings more information and apparently more momentum. I'm wondering if there could be a bidding war to some extent due to low inventory. In O'Neal Place 1 recent newly renovated listing sold for full price within 1.5 hours. Another renovated listing on Bonham is pending, listed at $178,000. In Linda Lee Subdivision in Watson, one renovation that had at least 4-5 feet of water sold in 2 days.
 
Not ALL flooded-renovated homes are selling this fast. Of the 54 sales so far, they've sold on average of 44 days and took 61 days to close. However, most of these sold in 2016 before the 2017 momentum kicking in. Some I've appraised finished and move in ready still have not closed...for some reason.
 
By March-April, I expect it to get very interesting...

 

 

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Greater Baton Rouge Home Sales 2016 Year In Review

Greater Baton Rouge Home Sales 2016 Year In Review | Baton Rouge Real Estate News | Scoop.it
Greater Baton Rouge Home Sales 2016 Year In Review
Baton Rouge Real Estate News's insight:

Greater Baton Rouge Home Sales 2016 Year In Review

Read more http://www.batonrougehousingreports.com/2017/01/greater-baton-rouge-home-sales-2016-year-in-review/

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Baton Rouge home sales skyrocket as investors, bargain hunters buy flooded, gutted homes

Baton Rouge home sales skyrocket as investors, bargain hunters buy flooded, gutted homes | Baton Rouge Real Estate News | Scoop.it

DON'T OVERPAY FOR THESE HOMES!  I SEE SOME BUYERS PAYING TOO MUCH IN SEVERELY DAMAGED SUBDIVISIONS! 

 

"Michael and Michelle Wade are buying a home in the Sherwood Forest area: a four-bedroom, 2½-bath house in a good location for their family that includes 14-month-old Emma. It has

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Metro Baton Rouge home sales jump up 24 percent in October as market overcomes flood delays

Metro Baton Rouge home sales jump up 24 percent in October as market overcomes flood delays | Baton Rouge Real Estate News | Scoop.it
Home sales in metro Baton Rouge increased by 24.4 percent in October, a sign that the market is overcoming delays caused by the devastating August floods.
Baton Rouge Real Estate News's insight:

We're in LOW INVENTORY market! - is the theme in 2016....
Yet, 196 more homes sold in October 2016 than in October 2015 when inventory was also low...


So, how can low inventory be the theme, so ultra low when more homes sold in October 2016 than in October 2015?

Was the October sales bump just delayed August sales postponed until after the flood crisis?

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13 things that will trash your Baton Rouge home's value

13 things that will trash your Baton Rouge home's value | Baton Rouge Real Estate News | Scoop.it
REUTERS/Rick WilkingAnything from messy neighbors to ultra-bright paint can destroy your home's value.For many of us, a home is the biggest investment we'll
Baton Rouge Real Estate News's insight:
13 Things That Will Trash Your Home's Value - Business Insider - As A Baton Rouge Home Appraiser, I absolutely agree
 
HOADERS or MESSY NEIGHBORS
There seems to be at least 1 to 3 in each local subdivision now - deadbeats that should live on a rural 1/2 acre in the country with all of their junk instead of in a restricted subdivision. Those that just don't care. I'm not talking about disabled homeowners who can't maintain their yard.
 
After this flood, will all homeowners properly remove junk in yards and turn white front yards from drywall dust back to green yards. I know it will take some time. It's just more difficult now because at the beginning, Parishes were picking up piles of trash. However, post recovery also creates piles of trash needing pickup and that's not always happening in cash strapped Parishes.
 
*BAD SCHOOLS
 
*UNUSUAL COLORS - maybe chartreuse or fluorescent blues
 
*CITY DUMPS, POWER PLANTS & CHEMICAL PLANTS - part of the reason home prices are so low in 70805 & 70807
 
*NOISY NEIGHBORS - it's one thing to have an annual July 4th loud party, once a year. It's another thing to have a loud party a few times per month or that neighbor blaring their music while waxing their car. I saw this in Woodlawn Estates last weekend...neighbors used to be considerate.
 
*REGISTERED SEX OFFENDERS
 
*CERTAIN RENOVATIONS - some homeowners just like over improve...and over improve without knowing they don't know. I like these renovations shows on TV, but they make homeowners go overboard sometimes.
 
*TOO MANY UPGRADES - potential buyers just don't want or have the extra time to maintain these
 
*NOISE POLLUTION
 
 
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Baton Rouge Flooded Gutted Home Sales - What are investors using to buy them?

Baton Rouge Flooded Gutted Home Sales - What are investors using to buy them? | Baton Rouge Real Estate News | Scoop.it
Flooded Gutted Home Sales - What are investors using to buy them?
 
Per GBRMLS right now, of the 102 currently damaged sales, 97 sold as Cash deals or 95%.
 
Info used with permission of GBRAR MLS from 08/20/2016 to 10/31/2016, extracted 10/31/2016.
 
PRE-FLOOD CASH SALES IN 2016?
For ALL GBRMLS sales from 1/1/2016 to 8/12/2016, there were 5,791 sales of which 838 were cash sales. So, 14.5% of all sales were cash sales.
 
Photo Source: Kenny Rushing Facebook post April 9th.
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Baton Rouge’s Great Flood 2016 – How much are investors paying for damaged houses? | Baton Rouge Real Estate Housing News

Baton Rouge’s Great Flood 2016 – How much are investors paying for damaged houses? | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it
Baton Rouge’s Great Flood 2016 – How much are investors paying for damaged houses?
Baton Rouge Real Estate News's insight:

Baton Rouge’s Great Flood 2016 – How much are investors paying for damaged houses?

Read more http://www.batonrougehousingreports.com/2016/10/baton-rouges-great-flood-2016-how-much-are-investors-paying-for-damaged-houses/

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High Woods Subdivision Baton Rouge 2011-2012 Home Sales Report

High Woods Subdivision Baton Rouge 2011-2012 Home Sales Report | Baton Rouge Real Estate News | Scoop.it
High Woods Subdivision Baton Rouge 2011-2012 Home Sales Report This Baton Rouge Housing Update is brought to you by Bill Cobb Appraiser and High Woods Baton Rouge Home Appraisers High Woods GBRMLS Sales Price Trends (Based on 1 Sale).
Baton Rouge Real Estate News's insight:

Only "1" sale since early 2011 for $215,000 and "1" current listing for $219,900...

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Red Oaks Subdivision Baton Rouge Home Appraisal 2012 Home Sales Study

Red Oaks Subdivision Baton Rouge Home Appraisal 2012 Home Sales Study | Baton Rouge Real Estate News | Scoop.it
Red Oaks Subdivision Baton Rouge Home Appraisal 2012 Home Sales Study   This Baton Rouge Real Estate market data provided by Bill Cobb Home Appraiser of Home Appraisals In Baton Rouge Louisiana   I recently completed an appraisal in Baton Rouge Louisiana's...
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Lakeside Subdivision Baton Rouge Home Sales Report 2012

Lakeside Subdivision Baton Rouge Home Sales Report 2012 | Baton Rouge Real Estate News | Scoop.it

Lakeside Subdivision Baton Rouge Home Sales Report 2012 This Baton Rouge Real Estate market data provided by Bill Cobb Appraiser of Home Appraisals in Baton Rouge Louisiana


NO 2012 SALES, REPORT IS ON 2011 SALES.  

I recently completed an East Baton Rouge Home Appraisal in Baton Rouge's Lakeside Subdivision and discovered the following home sales trends for 2012. There are no 2012 GBRMLS home sales to report yet as of 11/26/2012. For 2011, three (3) sales with average sales price of...

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East Baton Rouge Home Sales October 2011 versus October 2012 ALL Types, Downloadable PDF

East Baton Rouge Home Sales October 2011 versus October 2012 ALL Types, Downloadable PDF | Baton Rouge Real Estate News | Scoop.it

East Baton Rouge Home Sales October 2011 versus October 2012 ALL Home Types, excluding manufactured housing.   East Baton Rouge Home Sales October 2011 Versus October 2012 ALL Home Types   GBRAR MLS NOTE: Based on info from the Greater Baton Rouge...

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