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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August 1, 2017 6:02 PM

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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From www.finchannel.com - May 4, 2017 12:30 PM

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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From www.theadvocate.com - January 29, 2017 9:14 PM

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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From www.batonrougehousingreports.com - January 25, 2017 5:58 AM

Baton Rouge Real Estate News's insight:

Greater Baton Rouge Great Flood Repaired Renovated Home Sales Update

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From www.batonrougehousingreports.com - January 2, 2017 7:26 AM

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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

From www.batonrougehousingreports.com - December 5, 2016 8:24 AM

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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From www.homeappraisalsbatonrouge.com - November 13, 2016 12:35 PM

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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From www.batonrougehousingreports.com - October 11, 2016 11:31 AM

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 | Baton Rouge Real Estate News | Scoop.it

March 25, 2016 8:58 AM

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From activerain.com - December 4, 2012 9:28 AM

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From activerain.com - November 27, 2012 11:03 AM

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From activerain.com - November 19, 2012 4:12 PM

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From activerain.com - November 16, 2012 5:33 PM

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From www.businessreport.com - August 1, 2017 5:26 PM

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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From www.slideshare.net - February 6, 2017 2:42 PM

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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From www.batonrougehousingreports.com - January 25, 2017 6:42 AM

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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From www.theadvocate.com - January 9, 2017 6:53 AM

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From www.theadvocate.com - December 7, 2016 4:12 PM

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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From www.businessinsider.in - November 27, 2016 9:28 AM

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

http://www.businessinsider.in/13-things-that-will-trash-your-homes-value/articleshow/55642990.cms?format=slideshow

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October 31, 2016 12:49 PM

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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 Real Estate News | Scoop.it

From www.batonrougehousingreports.com - October 11, 2016 11:30 AM

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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From activerain.com - December 23, 2012 10:40 AM

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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From activerain.com - November 27, 2012 5:52 PM

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From activerain.com - November 26, 2012 8:52 AM

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From activerain.com - November 16, 2012 5:42 PM

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Baton Rouge Real Estate News

Baton Rouge Louisiana home price appreciation 3.5 percent?

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

Assessing elevation: Not many Baton Rouge homes required to be raised so far

Greater Baton Rouge Great Flood Repaired Renovated Home Sales Update

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

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

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

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

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

Baton Rouge Wedgewood Subdivision Home Sales News 2012

Woodlake At Bluebonnet Baton Rouge Home Sales Update 2012

Cameren Oaks Subdivision Home Sales 2012 Appraisals in Baton Rouge

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

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

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

Greater Baton Rouge Home Sales 2016 Year In Review

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

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

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

Baton Rouge Flooded Gutted Home Sales - What are investors using to buy them?

Baton Rouge’s Great Flood 2016 – How much are investors paying for damaged houses? | Baton Rouge Real Estate Housing News

High Woods Subdivision Baton Rouge 2011-2012 Home Sales Report

Red Oaks Subdivision Baton Rouge Home Appraisal 2012 Home Sales Study

Lakeside Subdivision Baton Rouge Home Sales Report 2012

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