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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Real Estate in Baton Rouge Flourishes! via Pat Wattam Team - Baton Rouge Real Estate

Real Estate in Baton Rouge Flourishes! via Pat Wattam Team - Baton Rouge Real Estate | Baton Rouge Real Estate News | Scoop.it
Updated information on the changing state of the real estate market in Baton Rouge and the surrounding areas, including number of homes for sale, homes sold, and the changing climate of real estate in the greater Baton ...
Baton Rouge Real Estate News's insight:

BATON ROUGE HOME APPRAISER CAVEAT ON BATON ROUGE REAL ESTATE AT CLOSE OF 2012:

THE POSTIVE:
YES, Pat Wattam Team is right about Baton Rouge Real Estate, in general, has been improving in 2012.  However, it's not an evenly spread improving market. Yes, the housing markets around LSU and Mall of Louisiana are performing well, MLS Areas 52  & 53. Zachary, Area 11, is doing well because of the top public school system in Louisiana. Area 43 around Shenandoah is doing well. Mid City Areas 61 and 62 are still great performing markets, although I have seen a correction in Capital Heights home prices in 2012. There is much to be positive about and excited to see in 2013, such as the Harveston 870 acre PUD near Bluebonnet and Nicholson Drive. 

THE NEGATIVE (BECAREFUL WHAT PRICE YOU PAY IN THESE MARKETS):
However, the Baker market is still struggling with foreclosures. Large Subdivisions like Sherwood Forest, Villa Del Rey, Red Oaks, Forest Oaks, Park Forest, Monticello are struggling in 2012 with significant foreclosure activty resulting in drastically lower median sales prices. Sherwood Forest alone was down another $5,000 in 2012 median sales price. In Sherwood Forest in 2010, the median sales price was $181,000 and at end of 2012 is $145,000, a $36,000 correction. While this provides opportunity for real estate investors, it's troubling for a significant percentage of Baton Rouge home owners in these specific subdivisions, some that are underwater from paying high prices right after Hurricane Katrina in 08/2005.  GBRMLS NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2011 to December 28, 2012. This information was extracted on 12/28/2012.


HOME BUYER ADVICE (In 2013, Enter A Home Purchase With Your Eyes WIDE OPEN Knowing All of The Facts Needed To Make An Intelligent Purchase Decision):
My advice is to know exactly what's taking place in the subdivision you're buying in, in terms of historical pricing and if you're paying too much.  Is your purchase a good deal for you based on that specific subdivision, not a feel good feeling because some local and national home price trends are up?  You'd expect to pay near listing price in Oak Hills Area area 53 but possibly not in Sherwood Forest if home listing price is overpriced...and there are overpriced listings in Sherwood Forest. Also, know what the true living area size home. Actually ask the Listing Agent if the home was properly measured based on ANSI National Standards. Why, because you could be paying too much if the home is say, 100 square feet smaller than what's stated on the listing.  If you have questions about the value of the home you're considering purchasing, I recommend a Baton Rouge Pre-Purchase Home Appraisal, which has a much lower fee than a normal mortgage appraisal. Baton Rouge Home Appraiser, Bill Cobb 225-293-1500. 

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Pride Can Be a Deal Killer When Selling Your Home

Pride Can Be a Deal Killer When Selling Your Home | Baton Rouge Real Estate News | Scoop.it
It's hard not to get offended when someone makes an offer that's so off of the beaten path, that one can't help but  be offended.
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Video: How to Choose a Baton Rouge Mortgage Lender

Video: How to Choose a Baton Rouge Mortgage Lender | Baton Rouge Real Estate News | Scoop.it

How to Choose a Mortgage Lender...4 things to look for when choosing that Mortgage Lender for your home...


1.) Educate Yourself On Different Types of Loans and the type of loan you need for your situation....


Source: Veteran Real Estate Broker Owner John Jones Real Estate, Murfreesboro TN


NOTE: Yes, John is from Tennessee and his advice and wisdom he's sharing can be applied to any metro area within the USA.  

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Rolling Meadow Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

Rolling Meadow Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest | Baton Rouge Real Estate News | Scoop.it

Rolling Meadow Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

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Capital Heights Subdivision Homes Photo Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

Capital Heights Subdivision Homes Photo Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest | Baton Rouge Real Estate News | Scoop.it

Capital Heights Subdivision Home Sales 2012 Photo, Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

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Wendy Richards's comment, August 14, 2012 2:38 PM
Love the way you presented this! Grabs the eyes right away! I plan to imitate in Charlotte NC! Thanks! :-)
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Baton Rouge Real Estate: Moving Tips (Guest Post by Glenda Daughety)

Baton Rouge Real Estate: Moving Tips (Guest Post by Glenda Daughety) | Baton Rouge Real Estate News | Scoop.it

Buying and selling Baton Rouge real estate can be most difficult come moving day and helpful tips can make the entire experience run more smoothly and save you quite a few headaches. We all know what its like to move, in a word hectic. Buying a new home and selling an old home is only part of the typical Baton Rouge real estate transaction, packing your belongings and getting them from point A to point B is tedious and time consuming but doing it right will make all the difference.


Image Source: http://blog.glendadaughety.com/

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Greater Baton Rouge Real Estate Market Coming to Life!! - The Pat Wattam Team Real Estate

Greater Baton Rouge Real Estate Market Coming to Life!! - The Pat Wattam Team Real Estate | Baton Rouge Real Estate News | Scoop.it

The Greater Baton Rouge Real Estate Market, which includes East Baton Rouge, Livingston, Ascension, Iberville, the Felicians, and West Baton Rouge, has shown a steady increase in sales over the same period last year for the past couple of months......

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Morgan Place West Video Tour Baton Rouge City of Central Home Appraisers 70818

Morgan Place West Video Tour Baton Rouge City of Central Home Appraisers 70818. Located with Greater Baton Rouge Real Estate.


Video URL: http://www.youtube.com/watch?v=T3GMTn7K3dQ

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Sherwood Forest Subdivision Video Tour 70815 Baton Rouge Home Appraisers

Sherwood Forest Subdivision Video Tour 70815 by  Baton Rouge Home Appraisers. Sherwood Forest is located within the Baton Rouge Real Estate Housing Market. 

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Arbor Walk Subdivision Tour Baton Rouge Real Estate 70816

http://www.batonrougerealestateappraisal.com/ - Arbor Walk Subdivision Tour Baton Rouge Real Estate 70816 Video shot with Canon T3i http://www.youtube.com/wa...
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Louisiana Has 34 Months Shadow Inventory, Baton Rouge Shares Some

Louisiana Has 34 Months Shadow Inventory, Baton Rouge Shares Some | Baton Rouge Real Estate News | Scoop.it

InfoGraphic Attention Readers: At the end of last year, we posted a graphic showing Shadow Inventory levels for each state.


Wow! Louisiana has a 34 month supply of Shadow Inventory. It might be higher than that, really if BofA isn't a part of those numbers.


There's several definitions, I'm providing 2 below. This can also include local homes that are behind on their mortgage in Foreclosure Flags 1-3 and my experience in appraising these for lender record keeping of inventory is that it can take up to 3 years for these homes to finally become REOs.


Definition of 'Shadow Inventory':

A term that refers to real estate properties that are either in foreclosure and have not yet been sold or homes that owners are delaying putting on the market until prices improve. Shadow inventory can create uncertainty about the best time to sell (for owners) and when a local market can expect full recovery. Also, shadow inventory typically causes reported data on housing inventory to understate the actual number of inventory in the market.


Read more: http://www.investopedia.com/terms/s/shadow-inventory.asp#ixzz1oGQgXUVu



Investopedia explains 'Shadow Inventory':
With the unprecedented number of foreclosures stemming from the subprime mortgage meltdown of 2007-2008 and the overall housing market collapse during that crisis, lenders were left with significant real estate holdings. Many lenders were slow to put their inventory up for sale for fear of flooding the market and further driving down prices, which would in turn lower their potential ROI.


Read more: http://www.investopedia.com/terms/s/shadow-inventory.asp#ixzz1oGRHeL1Q 

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Baton Rouge Subdivision Studies Country Manor 2011 Home Sales | Baton Rouge Housing Market Metrics Residential Housing Subdivision Studies

Baton Rouge Subdivision Studies Country Manor 2011 Home Sales | Baton Rouge Housing Market Metrics Residential Housing Subdivision Studies | Baton Rouge Real Estate News | Scoop.it

2011 Country Manor Home Sales Numbers
Major Declines in 2011
Median $148,000
Average $94.08/sf

2010 Support was in the $154,200 range and $110/sf.

If you are looking to purchase a home in Country Manor, I would strongly recommend a Pre-Listing Appraisal so you don’t overpay for those homes listed in 2012 for $107/sf to $111/sf when 2011 was such an obvious correction and sellers are in denial and listing prices are too high.

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Baton Rouge Highland Club 2012 Home Sale

Baton Rouge Highland Club 2012 Home Sale | Baton Rouge Real Estate News | Scoop.it

Baton Rouge Highland Club 2012 Home Sale


This Baton Rouge Real Estate market data provided by Bill Cobb Home Appraiser of Baton Rouge Louisiana Home Appraisers


The Highland Club Baton Rouge Home Sales Report 2012 This Baton Rouge Real Estate market data provided by Bill Cobb Home Appraiser of Baton Rouge Louisiana Home Appraisers   Recently, I discovered the 2012 home sales trends in Baton Rouge Louisiana's The Highland Club Subdivision. Based on 10 sales, homes spent an average of 135 days on the market. The average sales price per square foot has been $119/sf. The average home size is 2,072 sf. The Median Sales Price has been...

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Westminster Place Baton Rouge Sales 2012 Home Appraisers Baton Rouge

Westminster Place Baton Rouge Sales 2012 Home Appraisers Baton Rouge | Baton Rouge Real Estate News | Scoop.it
Westminster Place Baton Rouge Sales 2012 Home Appraisers Baton Rouge Recently, I completed an appraisal in Baton Rouge Louisiana's Westminster Place Subdivision. In doing so, I discovered these 2012 home price trends.
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Sherwood Manor Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

Sherwood Manor Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest | Baton Rouge Real Estate News | Scoop.it

Sherwood Manor Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

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Lakepark Garden Homes Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

Lakepark Garden Homes Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest | Baton Rouge Real Estate News | Scoop.it

Lakepark Garden Homes Subdivision Photos Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

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Afton Oaks Subdivision Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

Afton Oaks Subdivision Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest | Baton Rouge Real Estate News | Scoop.it

Afton Oaks Subdivision Homes Sales 2012 Baton Rouge Real Estate | Baton Rouge Homes Photos On Pinterest

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Baton Rouge Real Estate Looking Up - Baton Rouge Real Estate ...

Baton Rouge Real Estate Looking Up - Baton Rouge Real Estate ... | Baton Rouge Real Estate News | Scoop.it
Baton Rouge real estate is looking up. February sales data is in, displaying an uptick in sales and a baseline for optimism. According to a recent article from The Advocate “Home sales show more signs of life in February”, ...
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Hampton Village Estates Video Tour by Baton Rouge City of Central Home Appraisers

Hampton Village Estates Video Tour by Baton Rouge City of Central Home Appraisers. Located within Greater Baton Rouge Real Estate.

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Comite Hills West Subdivision Tour City of Central Baton Rouge Home Appraisers 70818

Comite Hills West Subdivision Tour City of Central Baton Rouge Home Appraisers 70818. Located within Greater Baton Rouge Real Estate.


Video URL: http://www.youtube.com/watch?v=xqX_Kr5lYNs

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BREC Santa Maria Baton Rouge Golf Community in 70809 Upscale Homes

http://appraisersinbatonrouge.com/ - BREC Baton Rouge Golf Community in 70809 Upscale Homes, Santa Maria Subdivision, a part of Baton Rouge Real Estate. http...
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Rambling Oaks Subdivision Video Tour in Central Baton Rouge Home Appraisers

http://www.homeappraisalsbatonrouge.com/ - Rambling Oaks Subdivision Video Tour in Central Baton Rouge Home Appraisers.

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Week In Review In Baton Rouge Real Estate February 26-March 3, 2012 | Baton Rouge Real Estate Housing News

Week In Review In Baton Rouge Real Estate February 26-March 3, 2012 | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it

Week In Review In Baton Rouge Real Estate February 26-March 3, 2012. What A Difference A Week Makes! From 02/19-02/25 there were 76 total GBR home sales. From 02/26-03/03 there were 152, an increase of 76 or 50% more home sales! For the week, 31 sales or 20% of ALL sales were distressed in some form and 80% were not. For 2012, 943 total sales with 43% of ALL sales being distressed in some form and 57% were not. However, of the 206 Foreclosure sales in 2012, the average sales price is $112,102 and median $95,000, meaning most of the REO sales are taking place are far, far below the typical price range in Baton Rouge, the $160,000 to $200,000 range.

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Woodridge Subdivision Market Report Baton Rouge Real Estate 2012 | Baton Rouge Housing Market Metrics Residential Housing Subdivision Studies

Woodridge Subdivision Market Report Baton Rouge Real Estate 2012 | Baton Rouge Housing Market Metrics Residential Housing Subdivision Studies | Baton Rouge Real Estate News | Scoop.it

VIDEO: Woodridge Subdivision Market Report Baton Rouge Real Estate 2012 | Baton Rouge Housing Market Metrics Subdivision Studies.  ALSO includes video of the newest filing. 

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