Ascension Parish Real Estate Home Appraisers » Ascension Parish Real Estate Appraisers

Greater Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/

Ascension Parish Home Appraisers — Sat, 10 Dec 2011 05:59:05 +0000

Baton Rouge Real Estate News Video Resource: http://www.batonrougehousingreports.com/

Why Baton Rouge Housing Reports?

Because a home is the largest, most important investment most locals make in their lifetimes. Because of the importance of getting this decision right, housing market facts, trends and analysis are provided to help locals execute competent, informed home purchase or home selling decisions.

There’s a new Premier web video resource in Baton Rouge with a residential focus: Baton Rouge Housing Reports Dot Com. This site offers the good news in our market as well as the on-going correction, tips on what improvements really add value, local REALTOR® video update of the month, local real estate expert interviews, local remodeler’s tips, trends videos, monthly and quarterly reports, Top 150 Subivisions trends, current housing charts and stats, gbrmls stats, local NAR stats, special investigative series and a long list of local online resources. Visit Us for the scoop on local housing.

Baton Rouge Housing Reports Dot Com – Local Real Estate Professionals Providing Trends, Analysis & Tips Helping Locals Make Informed Housing Decisions!

Keywords: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, Baton Rouge Home Appraiser, Baton Rouge Home Appraisal

Manchac Crossing Subdivision Video

Ascension Parish Home Appraisers — Thu, 01 Dec 2011 14:58:32 +0000

http://www.ascensionrealestateappraisers.com/ – Manchac Crossing Subdivision Video

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS® \MLS for the period of January 1, 2005 to March 25, 2011. This information was extracted on 03/25/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Charting!

Free Baton Rouge First Time Home Buyers Seminar November 10 2011 by Access Real Estate Group

Ascension Parish Home Appraisers — Fri, 04 Nov 2011 03:58:35 +0000

Free Baton Rouge First Time Home Buyers Seminar November 10 2011 by Access Real Estate Group

First Time Home Buyer Seminar in Baton Rouge. We will cover the current real estate market, the home buying process, credit requirements, loan programs, Seller assisted closing cost, title issues and closing process.

Welcome to the AREG Home Channel! My name is Larry Miller with Access Real Estate Group. I just wanted to take a minute to let everyone know about the first-time home buyer seminar coming up November 10 at 6:30 PM at the Jones Creek library. The seminar is open to the public. It’s free admission, so call our office at 225-756-1919 to reserve a seat just.

To give you a quick overview of some of the topics, we’re going to be talking about ,I’ll be covering the real estate market in today’s environment, some of the things that are involved in the home buying process.

Free Baton Rouge First Time Home Buyers Seminar November 10 2011 by Access Real Estate Group

We are going to have a great lender come in. He’s got to talk about the financial institutions today, what’s going on with that you’ll do you need to do to be prepared to buy a home in today’s market. And then also one of the area’s top real estate attorneys is going to come in and talk about some other things that pertain to that side of the business.

We do encourage you to call our office to set up a reservation seating is limited so call 225-756-1919, and will reserve a seat for you. You don’t want to miss it it’s going to be a great event and we look forward to seeing you there again call our office at 225-756-1919 to reserve a seat. Seating is limited. So thanks we look forward to seeing you there. We’re going to have great time!

Where’s The Bottom For Greater Baton Rouge Housing? Answer Is To Look At Local Incomes

Ascension Parish Home Appraisers — Tue, 16 Aug 2011 14:12:37 +0000

http://www.baton-rouge-real-estate.com/ – Baton Rouge Home Appraisers: Where’s The Bottom For Greater Baton Rouge Housing? Correct Answer Is Based On Local Incomes!

Last week, David Jacobs, with the Baton Rouge Business Report, reported a startling study about how high and out of sync Greater Baton Rouge housing prices are when combined with transportation. The article, Baton Rouge-area household spends 52% of income on housing and transportation, was published on 8/9/2011. In the article or study, the CNT recommends spending no more than 45% and that combining local housing prices with true transportation costs provides “an accurate measure of of the true affordability of housing”.

Other Studies. We also know that according to Core Logic, Baton Rouge is in its’ 9th straight month of home price correction. We also know from the 24/7 Wall Street study that Baton Rouge made America’s 10 Sickest Housing Markets list this month.

We’re In For More Correction. It would appear, based on these 3 studies, that Greater Baton Rouge Housing is in for more correction.

This is my reply below to David Jacobs submitted on 8/10/2011:

I read your Business Report Weekly and wanted to thank you for reporting on this. This has really helped me. Just 3 weeks ago, I was ready to go for a visit to the LSU Real Estate Research Department with similar questions as to where should GBR Housing be priced relative to local incomes? I think this is a foundational question going forward and might possibly shed some light on where the bottom might be in local housing prices in the future. If GBR housing is out of proportion, by how much or by what percentage? Are the current still nose-bleed high housing prices sustainable? Obviously if we asked this question in 2007 from some of the Zachary and ASC $300,000 neighborhoods, the answer today is probably not. $140/sf for new homes wasn’t sustainable across the board. This is why builders like DSLD Homes are having such success……because the insanity in local new home prices from 2006 to 2008 was never sustainable based on local incomes.

As a local home appraiser, I’ve been scratching head all along here wondering WHY local housing is so expensive…..in Louisiana. Baton Rouge has been a wonderful place to grow up and now raise my family, but we’re not California with almost a perfect climate where one would expect high prices. Why are home prices so high here….still in 2011? Even with the modest correction, it would certainly seem that we’re still at nose bleed levels on the pricing of some local housing relative to local incomes. I scratch my head monthly on this issue.

Please understand, I’m not a conservative appraiser. Whatever the housing market’s decision has been, in the form of home sales, I reflect in my reports. However, we’re now about 9 months into this local correction and I’m beginning to think that locals are finally coming to their senses on what they pay for local housing relative to local incomes. There are A LOT of sellers in denial right now, and Hurricane Katrina didn’t help with that at all. It only made it worse. Today, some local Real Estate Agents are hiring me for my Listing Appraisals on their listings that have been on the market for months now, they know are overpriced and they bring me in to show the seller the reality of the local numbers in comparison to sellers perception that their home is worth more.

The chart below doesn’t indicate a huge problem in GBR housing, not like some sour markets in the USA where there’s 3-4 years of supply. However, talk to most appraisers locally and you’ll find that we’re checking “Slow” market for growth or sales and in some subdivision/markets, there’s been such few home sales that it’s become very difficult to complete appraisals for the lack of comps sold within 3 to 6 months, especially under $125,000.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of August 2010 to July 2011. This information was extracted on 8/10/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above.

These are some of the things I’ve been thinking about in GBR Housing since 2007 and going forward. Are we fairly priced or still way out of balance? Yes, the market is correcting back to some sense of sanity…..finally…..and how many more months or years will it be till we reach equilibrium (sanity) based on local incomes.

New Homes Are Still Priced High. I still see a local builder and have them say something like, “This market is killing me…when the market coming back?!”. And that builder just doesn’t get it….that the post Hurricane Katrina builder’s market isn’t coming “back” in terms of such exaggerated pricing. The odd thing here is the LHBA (La Home Builders Association) would probably tell you today that we’re too low for their builders to make a decent profit on local home building. What they experienced in 2006-2008 (unsustainable pricing) and expect in the future just wasn’t/isn’t sustainable.

This is why I believe that new TND in Zachary recently announced will take a decade or more to build out because $140/sf to $200/sf just isn’t what local incomes will support and until local builders understand this, they’ll be more developments started and then finished by DSLD Homes. This is also why I believe that new Wyndam Estates development in Denham Springs with 1600sf homes on “tiny lots” in $190′s or $120/sf will also take much, much longer than expected to fill and should be filled with homes in the $150s to $160s. It’s about market economics and local incomes and the local economics, at least outside of Baton Rouge itself, is in favor of DSLD Homes pricing. Those builders and developers that fail to understand local incomes will continue to have their fledgling developments sold to and finished by developers like DSLD Homes after spending millions to break the dirt.

Bill Cobb, Appraiser

Greater Baton Rouge Real Estate Elevated Photography Services Now Available

Ascension Parish Home Appraisers — Mon, 01 Aug 2011 21:41:36 +0000

http://www.batonrougelistingsservices.com/ – Greater Baton Rouge Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Tags: pap, pole aerial photography, pole photography, baton rouge, baton rouge real estate, baton rouge homes, Baton Rouge Real Estate, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, baton rouge real estate elevated photos

Ascension Parish Home Appraisers: Lake At Twin Oaks Home Price Trends May 2011 Report

Ascension Parish Home Appraisers — Wed, 01 Jun 2011 10:53:20 +0000

http://www.ascensionrealestateappraisers.com/ – Ascension Parish Home Appraisers: The Lake At Twin Oaks Home Price Trends May 2011 Report.

According to the charting below, the Average Sales Prices have remained fairly STABLE each year since 2008. The Average Sales Prices have ranged from $390,000 in 2008 based on 2 sales to $390,000 in 2010 based on 4 sales with no MLS reported sales in 2009 or 2011 year-to-date. In 2008 and 2010, the Average Sold Price per sq. ft. were $129.94/sf and $127.89/sf.

Current Listings. Three (3) current listings, 2 active and 1 pending from $374,800, $575,000 and $475,000, priced very high from $145/sf, $151/sf and $154/sf. The term “very high” is used here because the local housing market is in its 8th month of home price correction per CoreLogic and the chart above shows support for $128/sf in 2010. This pricing above is $17/sf to $26/sf above 2010 support. Wow! There may be market support in 2011 for such pricing, not exactly sure! I’d strongly recommend a Pre-Purchase Home Appraisal before overpaying for Greater Baton Rouge housing as we continue to correct locally.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2006 to May 31, 2011. This information was extracted on 5/31/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/

Geismar LA Home Appraisers Housing Trends: Legacy Hills May 2011 Update

Ascension Parish Home Appraisers — Wed, 01 Jun 2011 10:24:18 +0000

http://www.ascensionrealestateappraisers.com/ – Geismar LA Home Appraisers Housing Trends: Legacy Hills May 2011 Update. According to the charting below, the Average Sales Prices have declined each year since 2007. The Average Sales Prices have declined from $419,800 to $375,400 to $364,800 to $358,600 to $320,000 in 2011. The $320,000 in 2011 is only based on one (1) home sale year to date. And, NO, the 2011 was not a distressed sale, but rather a much smaller home with 2,418sf selling for a strong $132/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to May 31, 2011. This information was extracted on 5/31/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Prairieville LA Home Appraisers Housing Trends: Manchac Place May 2011 Update

Ascension Parish Home Appraisers — Wed, 01 Jun 2011 03:35:12 +0000

http://www.ascensionrealestateappraisers.com/ – Prairieville Home Appraisers Housing Trends: Manchac Place May 2011 Update

Solds In Manchac Place from 1/1/2011 to 5/31/2011 revealed:
Average Sales Price: $268,483
Average Sold Price Per Sq. Ft.: $90/sf
Median Sold Price: $274,000
Number of Sales: 6
Average Days On Market: 165

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2011 to May 31, 2011. This information was extracted on 5/31/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Prairieville Housing Trends: Jefferson Crossing 2007-2011 Report

Ascension Parish Home Appraisers — Tue, 24 May 2011 03:14:43 +0000

http://www.facebook.com/ascrebuzz – Prairieville Housing Trends: Jefferson Crossing Prices Correct In 2011.

Since the Federal Tax Credit Expiration in May 2010, the number of home sales has been on the decline.

A recent home appraisal in and analysis of Jefferson Crossing revealed this interesting finding. From 2007 to 2011, the median sales price has continued to decline slowly. From 2007 to 2010, the median sales prices were $313,700, $299,000, $303,500, $338,000 and in 2011 it’s currently $289,000 based only on 5 sales. Again, this is only based on 5 sales in the first 4.5 months of 2011. In 2010, there were 11 total sales, so one can see that the number of home sales for 2011 could be about the same as in 2010. NOTE: Per GBRMLS sheets, two (2) of these home sales were normal, two (2) were below market relocation sales and one (1) was an REO or foreclosure.

THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Stair Step Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction! And, so does the chart below it showing a correction from the average $112.86/sf to $108.11/sf into 2011.

The Chart below is “Sub-Market” study in Northern Ascension Parish for homes similar to Jefferson Crossing homes in the 2,500sf to 3,300sf range. So, instead of a broad inclusion of all homes and the various quality of construction levels or a general market study, this chart below further narrows the solds selected. It shows a correction since May 2010. This chart indicates that it’s the entire North Ascension Parish housing market correcting!

The chart below, based on same parameters above, shows 25 competing REOs or Foreclosures taking place since June 2008 or 21.4% of all competing solds. This is a fairly high number. Again, this does not mean that there have been 25 foreclosures in Jefferson Crossing, but rather in the general market. This chart indicates that it’s the entire North Ascension Parish housing market correcting!

CURRENT LISTINGS. There are 9 current listings from $254,900 to $352,386 or $112/sf to $128/sf with 8 active and 1 pending or under contract. The Average Listing Price per sq. ft. is $120/sf.

ZERO DISTRESSED LISTINGS. Out of the 9 current listings, 0 or Zero are foreclosure or short sales.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to May 23, 2011. This information was extracted on 5/23/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

AUTHOR’S BIO:

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Prairieville La House Appraisers: Lakes At Oak Grove Homes Sales Report 2011

Ascension Parish Home Appraisers — Mon, 09 May 2011 03:37:44 +0000

http://www.facebook.com/ascrebuzz – Prairieville La Home Appraisers: Lakes At Oak Grove Homes Sales Report 2011. Since May 2010, median sales price has risen 4%.

A recent home appraisal in and analysis of Lakes At Oak Grove Subdivision revealed this interesting finding. From 2008 to 2011, the median sales price has declined from $237,800 to $227,800 to $229,700 to now $235,000 into 2011 based only on 1 sale. So, 2008 was the post Hurricane Katrina “High” year followed by 2 years of declines. 2011 at $235,000 is higher than 2009 and 2010. Again, 2011′s $235,000 is only based on 1 sale while 2010′s $229,700 was based on 5 sales. The Listing-To-Sales-Price-Ratio at 98% is the highest since 2007.

TWO MLS CHARTS OF ALL HOME SALES SINCE 2005

The Chart below shows all home sales since 2005. The median sales price is still down -1.6% since the high in 2007. The median sales price has risen 4% since May 2010. But Again, this chart’s is greatly weighed upward based on this one (1) 2011 sale of $235,000.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 8, 2011. This information was extracted on 5/8/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

AUTHOR’S BIO:

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).