Ascension Parish Real Estate Home Appraisers » Gonzales Lousiana Home Appraisers

FHA Appraisers In Ascension Parish: The Lakes At St Amant Sudivision 2010 Price Trends

Ascension Parish Home Appraisers — Tue, 04 Jan 2011 12:56:51 +0000

http://www.ascensionrealestateappraisers.com/ – FHA Appraisers In Ascension Parish: The Lakes At St Amant Sudivision 2010 Price Trends. Overall lower indicators based on a continued market correction from post Hurricane Katrina 2007 Highs. In 2007, the average sales price was $221,000 and in 2010 it was $206,181! In 2010 as compared to 2009, the Average Sales Price is down 3.4%, Median Sales Price is down 5.6% and Average Sold Price Per Sq. Ft. is down 5.9%.

Solds In The Lakes At Saint Amant Subdivision from 1/1/2010 to 12/31/2010 revealed:

Average Sales Price: $206,181 ($213,317 in 2009 or -3.35%)
Avg Sold $ Per Sq. Ft.: $96.36/sf ($102.41/sf in 2009 -5.9%)
Median Sold Price: $203,900 ($215,950 in 2009 -5.6%)
Number of “MLS” Sales: 9 (6 in 2009)
Average Number of Days On Market: 150 (101 in 2009)
Low To High: $191,000 to $229,900
Number of Sold REO/Foreclosures Noted In MLS: 1 Short Sale
Current # Listings: 2, 1 Is A Foreclosure
Current Listings Prices: $149,000 to $235,000 or $75/sf to $98/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 31, 2010. This information was extracted on 1/3/2011. Yes, this appraiser has obtained permission from GBRAR MLS to use the above pricing chart!

Baton Rouge Area 2010 Home Sales Down 25% From September 2009, Detailed Report

Ascension Parish Home Appraisers — Mon, 11 Oct 2010 07:37:19 +0000

http://www.batonrougerealestatetrends.net/ – Greater Baton Rouge Area GBRMLS Monthly Observations for September 2010. Baton Rouge Area Real Estate 2010 Home Sales Down 25% From September 2009!

Home sales in September continued to decline, declining 3% to $89,770,774 in September from August’s $92,501,330. This is a decline of 18% from last September, at $116,614,434. As we head into the seasonally weaker part of the year, it is distressing to point out that this is the worst sales level for September in the last 8 years by a large margin with the exception of September 2008 and that decline was only due to Hurricane Gustav interfering with loan closings. Source: Baton Rouge Trends Dot Com.

NOTE: This report, with the paragraph above, may be different that others recent reports because I have included “Other” MLS areas.

NOTE: This report, from this section below, may be different that others recent reports because I have included “West Baton Rouge” MLS Area 70, not just the 3 Parish areas of East Baton Rouge, Ascension and Livingston.

Total Sales Unchanged, But Off 25% From September 2009. Total unit sales were unchanged at 441 in September and 441 in August. However, this is a 25% reduction from September 2009 at 587. Of the 441 September sales, 104 were new homes and 337 were existing homes. New home sales improved 7% to 104 homes this month from 97 in August, an increase of 7 units. Existing home sales declined slightly from 337 homes in September from 346 last month, a difference of 9 homes or -2.6%. NOTE: Based on all price ranges within ASC, EBR, LIV and WBR for Property Types: DSF, ASF, PRC and PRA.

Majority of GBR Home Sales Under $200,000. Of the 441 September sales, only 22 of them were over $400,000 or approximately 5% of the market. There were 288 sales under $200,000 or 65% of market. And, there were 105 sales between $200,000 to $300,000 or approximately 24% of market.

Inventory Decreased Slightly. Inventory decreased slightly from August 2010 at 4461 to 4369 in September, a decrease of 92 or -2%. However, the inventory has increased from 3974 in September 2009 to 4369 in September 2010, an increase of 395 homes or +10%. Inventory started January 2010 at 3,583 and has continued to rise for most of 2010 with August of 4,461 being the highest inventory level of 2010.

Absorption Rate Improved Slightly. Absorption for All homes in September showed 9.9 Months Inventory, which was a slight improvement from August 2010 showing 10.1 months of supply. This is much worse than the 6.8 months of supply last year at this time. Greater Baton Rouge area Average Days on Market for All homes was 89 compared to last month at 85. Average sales price for All Sold homes decreased to $194,941 from $199,289 last month. However, in January 2010, the average sales price was $188,188, so the average sales price has increased in 2010. Median sales price for All Sold homes decreased to $169,900 from $171,750 last month. However, in January 2010, the median sales price was $165,000, so the median sales price has increased overall for 2010. The twelve month moving median price line for both New and Existing homes is heading upward, reflecting stable home price support.

High End Homes Market Appears Near Solid Support, Most Solid Within East Baton Rouge Parish. From 9/1/08 to 9/30/09, MLS reports 298 sales versus 294 sales 9/1/09 to 9/30/10, which is only a decrease of -4 sales or -1.3%. Average Sold Price for the 2009/2010 period is $539,650 compared to $548,036 for the 2008/2009 period. Median Sold Price for the 2009/2010 period is $500,000 compared to $495,700 for the 2008/2009 period. Average sold price per sq. ft. is $157.89/sf versus $159.43/sf for the 2008/2009 period. Average days on the market is 122 days versus 140 days in the 2008/2009 period. So, while the average sold price per sq. ft. is down $1.54/sf, and average sold price is down approx. $8,400, the median sales price has increased by $4,300 and the days on the market has improved.

Yes, There Are Certainly Exceptions! Copper Mill in Zachary is one example where the average sold prices were $161/sf in 2007, $158/sf in 2008, $157/sf in 2009 and $147/sf in 2010 based on 13 sales. That’s a $10/sf drop since 2009. Plus, the days on the market for the 13 sales were: 336, 850, 20, 274, 4, 393, 252, 1082, 50, 344, 197, 54 and 2. Renaissance in Prairieville is another example where the average sold prices were $137/sf in 2007, $141/sf in 2008, $133/sf in 2009 and $129.24/sf in 2010 based on 7 sales. That’s a -$4/sf difference between 2009 and 2010. And, MLS reports the average days on the market were 417 in 2009 and 252 in 2010. Actually, upon closer examination of total days on market, the actual continuous days on market were: 231, 1, 4, 561, 692, 1025 and 302. Greystone Golf in Denham Springs has only had 2 sales in 2010 averaging $142/sf and 6 sales in 2009 averaging $146/sf, a $4/sf decline. NOTE: For this paragraph, this includes all price ranges within these high end subdivisions.

High End Homes Market Absorption Rate Appears To Be Improving! The numbers of high end home listings has declined just slightly from 445 for September 2009 and 424 for September 2010. In September 2009, the Months Inventory showed 23.42 months. In September 2010, the Months Inventory showed 21.2 months and in August 2010 it was 19.4 months. Certainly, the market for homes requiring “Jumbo” loans remains slower in the overall Greater Baton Rouge market.

High End Homes Market NOTE: Parameters were $400,000 to $1,000,000, all price ranges within ASC, EBR, LIV and WBR for Property Types: DSF, ASF, PRC and PRA.

NOTE: Data For The September 2010 GBRAR MLS Report is used with permission of the GBRMLS from dates stated above and from 1/1/2008 through 9/30/2010.

Baton Rouge Real Estate Minute: Old Dutchtown Gonzales LA September 2010 Update

Ascension Parish Home Appraisers — Fri, 10 Sep 2010 10:55:42 +0000

http://www.batonrougerealestateminute.com/ – Baton Rouge Real Estate Minute: Old Dutchtown Gonzales LA September 2010 Update.

Tags: Baton Rouge Real Estate, Baton Rouge Real Estate Minute, Baton Rouge Housing, Ascension Parish, Old Dutchtown, Gonzales La Real Estate, 70737

Prairieville Gonzales Louisiana Real Estate Appraisal Rule Changes In Dodd-Frank Act 2010.

Ascension Parish Home Appraisers — Fri, 27 Aug 2010 11:06:00 +0000

http://www.ascensionrealestateappraisers.com / – Bankrate.com: Summary Of Real Estate Appraisal Rule Changes In Dodd-Frank Act 2010. These are the new rules that apply to Northern Ascension Parish (Prairieville, Gonzales, Geismar, Saint Amant) Home Appraisals!

I have provided a few snippet paragraphs from this two page article below. Read the full article here: Real Estate Appraisal Rules Changing

“According to Lucien Salvant, a spokesman for the National Association of Realtors, or NAR, in Washington, D.C., the law is intended to:

*Strengthen appraiser independence.
*Sunset a problematic industry agreement known as the Home Valuation Code of Conduct, or HVCC.
*Regulate appraisal management companies.”

“Buyers, sellers can inform appraisers

That said, the end of the HVCC should help to clear up widespread confusion over who can present information — including data about recent sales — to an appraiser.

“The intent of the HVCC was to put a firewall between the lender and appraiser, but it put up such a big wall that everybody was afraid to talk to appraisers,” Salvant says. “The (new law) does say that Realtors and sellers and buyers can talk to (appraisers).”"

“Appraisal management companies

The new law also regulates appraisal management companies, or AMCs. AMCs aren’t new, but they have gained more control over real estate appraisers and appraisals in the 15 months since the HVCC was implemented.

The financial reform law requires federal oversight of AMCs controlled by federally regulated financial institutions. It also requires state registration of all other AMCs, according to the Appraisal Institute.”

“Questions to ask (editor’s note: should be rephrased “Questions AMC’s should be asking those appraisers they intend on hiring for the appraisal order”)

If there is an upside to the confusion over appraisals, it’s that homebuyers, sellers and homeowners are now more aware of these issues, says Richard Koestner, a partner at Koestner, McGivern & Associates, an appraisal firm in Davenport, Iowa. He says they are more likely to ask questions about the appraiser’s experience and expertise and calls the development “encouraging.” He also offers a few examples of questions buyers and sellers might want to ask:

How long have you been an appraiser?
How many appraisals have you completed?
How often do you appraise homes in this area?
How familiar are you with the local market?
Where do you get the data that you use in your appraisal reports?”

Read the full article here: Real Estate Appraisal Rules Changing

Baton Rouge Real Estate Buzz: 40172 River Winds Ave Gonzales LA 70737 Home For Sale

Ascension Parish Home Appraisers — Mon, 28 Jun 2010 05:02:11 +0000

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: 40172 River Winds Ave Gonzales LA 70737 Home For Sale

Video Description: 40172 River Winds Ave. Gonzales, LA. CONTACT: Robyn Holifield at: 225-413-5381

Video Production: Kevin DeLaune, RealtyStudioHD. Visit Realty Studio HD below and click on the Realty Studio HD YouTube Channel!

Greater Baton Rouge BPO Appraisals, Appraiser Assisted BPO & AVM Alternative 225-293-1500

Ascension Parish Home Appraisers — Sun, 30 May 2010 15:18:45 +0000

http://www.batonrougebpoappraisals.info/ - Home Of The Greater Baton Rouge Similar Sales Desktop Valuation Reports (SSDVR) – Compliant With USPAP & Fannie Mae & Freddie Mac, 225-293-1500

Welcome To The $100. 00 Greater Baton Rouge Comparable Sales Reports! Greater Baton Rouge Comparable Sales Reports Is A Desktop Appraisal Service Performed By William D. Cobb with Accurate Valuations Group, Serving East & West Baton Rouge Parish, Northern Ascension Parish and Western Livingston Parish. William Uses An Approved Fannie Mae & Freddie Mac Appraisal Form (SSDVR) To Complete This Report.

What Is An SSDVR Report? A desktop appraisal report conducted by Louisiana State Certified Appraiser, William D. Cobb, CREA, License #R0851. Bill will drive-by the home being appraised, rely upon the physical data the client provides, research the MLS database, select the 3 most similar and competitive sales/comps and render a value opinion.

Video: Pelican Crossing Subdivision Gonzales LA 70737 Tour

Ascension Parish Home Appraisers — Thu, 20 May 2010 22:31:45 +0000

http://www.ascensionrealestateappraisers.com/ - Pelican Crossing Subdivision Gonzales LA 70737 Tour. In this video, Northern Ascension Parish FHA Home Appraiser, Bill Cobb, from AVG Appraisals, shares photos of Pelican Crossing, located across from Pelican Point Golf Community!

Ascension Parish FHA Appraisers Photos From The Field: Pelican Crossing Subdivision

Ascension Parish Home Appraisers — Mon, 17 May 2010 14:17:31 +0000

http://www.ascensionrealestateappraisers.com/ – Ascension Parish FHA Appraisers Photos From The Field: Pelican Crossing Subdivision

North Ascension Parish (Gonzales, Prairieville, Geismar, Saint Amant Areas) Appraisers photos from the field. In these photos, Pelican Crossing is shown as of 5/15/2010.

Tags: Greater Baton Rouge Appraisers, Baton Rouge Home Appraisers, Ascension Parish Appraisers, Pelican Crossing, Gonzales Louisiana Appraisers, 70737, Pelican Point Golf Community

Gonzales La Real Estate Market Observation: Cross Creek Declines Slightly Into 2010

Ascension Parish Home Appraisers — Wed, 21 Apr 2010 13:51:26 +0000

http://www.ascensionrealestateappraisers.com/ – Gonzales La Real Estate Market Observation: Cross Creek Subdivision Declines Slightly Into 2010

Cross Creek Subdivision Market Direction: Up or Down?

Solds In Cross Creek from 1/1/2009 to 12/31/2009 revealed:
Average Sales Price: $167,654
Average Sold Price Per Sq. Ft.: $117.18/sf
Median Sold Price: $169,000
Number of Sales: 13
Number of Sold REO/Foreclosures Noted In MLS: 0

Solds In Cross Creek from 1/1/2010 to 04/21/2010 reveals:
Average Sales Price: $163,971
Average Sold Price Per Sq. Ft.: $116.79/sf
Median Sold Price: $164,900
Number of Sales: 3
Number of Sold REO/Foreclosures Noted In MLS: 0

CLICK TO ENLARGE

Therefore, based on the median sale price barometer within Cross Creek, the market direction appears to be decreasing from $169,000 in 2009 to $164,900 into 2010 or -2.43%, but only based on 3 sales. However, the sold price per sq. ft. differences between 2009 and 2010 is only $0.39/sf.

Tags: Gonzales La Real Estate, Gonzales La Real Estate Appraisers, Gonzales La FHA Appraisers, Cross Creek Subdivision Gonzales La, 70737, Gonzales La Real Estate Agents, Gonzales La Realtors

Gonzales Louisiana Ascension Parish Real Estate Home Selling Tips: 4 Ways To Sell Your Home Faster

Ascension Parish Home Appraisers — Mon, 19 Apr 2010 20:26:02 +0000

http://www.ascensionrealestateappraisers.com/ – Gonzales Louisiana Ascension Parish Real Estate Home Selling Tips: 4 Ways To Sell Your Home Faster. This article was written for homeowners and may be helpful for Real Estate Agents as well.

CBS Money Watch is reporting on 4 Ways To Sell Your Home Faster! Click the blue link to read the article! Here’s a snippet:

“Home sellers, buckle up: Spring selling season is here, and it’s going to be a bumpy ride.

For now, the April 30 deadline for closing on a house to claim the home buyer tax credit is boosting sales. But with mortgage rates edging up, deals are fragile and lenders are on edge. “Last-minute glitches are holding up things far longer than we have ever seen before,” says Michael Onorato, president of the Illinois Association of Realtors.

Just because you have a real estate agent, that doesn’t mean you can sit back and let the pro sell your house. To get top dollar, you’ll need to take control of the relationship and micro-manage like nobody’s business. Follow these four steps to sell your house fast.“

The 4 Ways To Sell Your Gonzales Ascension Parish Home Faster:

1.) Keep Your Agent on a Tight Leash

2.) Prove Your Home’s Value

3.) Get a Fair Appraisal

4.) Get Your Home Staged