Ascension Parish Real Estate Home Appraisers » Ascension Parish

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).

Ascension Parish Home Sales 2011 Report, Big Decliner In Area Home Sales

Ascension Parish Home Appraisers — Tue, 12 Apr 2011 12:16:03 +0000

http://www.ascensionrealestateappraisers.com/ – Northern Ascension Parish Quarterly Home Sales By Zip Code Q1 2010 versus Q1 2011 Report. Home Sales volume is down 18.8% while correction in Average Sales Price Per Sq. Ft. Continues. Average Sales Price was mostly unchanged or up some. ASC shows the largest percentage decline in number of home sales. EBRP had -3% decline, Western Livingston Parish -7% decline and West Baton Rouge +4% increase.

Accurate Valuations Group South (Home Appraisals) has completed an analysis of the Northern Ascension Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. CLICK ON IMAGE BELOW TO ENLARGE.

This study explores ALL Single-Family Residential home sales for the five (5) zip codes below. In Q1 2010, there were 303 home sales versus 246 in Q1 2011. So, for Q1 2011, the number of home sales declined by 57 or -18.8%, THE largest declining Parish in home sales by percentage as compared to EBRP, Livingston and West Baton Rouge. The percentages below are rounded.

70769 Prairieville. For Zip Code 70769, home sales volume was down 17%, Average Sales Price was unchanged and Average Sold Price Per. Sq. Ft. was down -4%.

70737 Gonzales. For Zip Code 70719, home sales volume was down 24%, Average Sales Price was up 2% and Average Sold Price Per. Sq. Ft. was down 3%.

70734 Geismar. For Zip Code 70734, home sales volume was down 22%, Average Sales Price down -5% and Average Sold Price Per. Sq. Ft. was down -2%.

70774 Saint Amant. For Zip Code 70774, home sales volume was down 33%, Average Sales Price was up 43% and Average Sold Price Per. Sq. Ft. was up 25%.

70778 Sorrento. For Zip Code 70778, home sales volume was up 42.9%, Average Sales Price up 18% and Average Sold Price Per. Sq. Ft. was down -4%.

These declines in average sold price per sq. ft. are consistent with the CoreLogic report on national home prices falling for the 7th straight month, as reported on Thursday, April 7, 2011. This is the trend for much of Greater Baton Rouge home prices.

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Author’s Bio:
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).

Prairieville LA Home Appraisers Video: Manchac Harbor Subdivision 2010 Housing Update

Ascension Parish Home Appraisers — Thu, 17 Feb 2011 06:13:25 +0000

http://www.ascensionrealestateappraisers.com/ - Ascension Parish Home Appraisers, Prairieville Louisiana 70769 Manchac Harbor Subdivision 2010 Update. Housing Numbers Report. Greater Baton Rouge Real Estate Trends Report.

Prairieville Real Estate Appraisers: Fountain Hill Subdivision 2010 Price Trends

Ascension Parish Home Appraisers — Thu, 13 Jan 2011 16:04:49 +0000

http://www.ascensionrealestateappraisers.com/ – Prairieville Real Estate Appraisers: Fountain Hill Subdivision 2010 Price Trends.

Overall there really isn’t much to report on in 2010. Per GBRAR MLS, there was only 1 2010 sale (and only 1 MLS sale in 2009) in Fountain Hill Subdivision for $383,000 on 8/31/2010 for 3,625sf. This home sold for $105.66/sf as a foreclosure. The photo of this home is directly below. The bank took this home back for a mortgage balance of $344,000 and still sold it for a substantial profit in this market. This appraiser has performed two (2) foreclosure appraisals in Fountain Hill Subdivision in 2010.

My search of 2010 Legal News for Fountain Hill Subdivision also revealed another foreclosure for $246,666 in March 2010. Also per Legal News, there was a lot sale for $79,000 for Lot 60 in 12/2010.

The trend is looking up for 2011 for Fountain Hill Subdivision with one (1) 2011 sale for $450,000 for only 3,184sf or $141.33/sf. Given the past 2.5 years of lackluster and foreclosure activity within Fountain Hill, this was a very, very high sales price for Fountain Hill specificially and shows strength within the Prairieville market. It’s also note here that this was a “Cash Sale” where an appraisal may or may not have been procured to know the true value. This home was on the market for a total of 668 days in two (2) seperate MLS listings. In any event, this is a positive for Fountain Hill, for Northern Ascension Parish and for the Prairieville market in general.

Fountain Hill Subdivision Photos!

[Show as slideshow]

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 1/11/2011. Yes, this appraiser has obtained permission from GBRAR MLS to use the above pricing chart!

Tags: Ascension Parish Appraisers, Ascension Parish Home Appraisers, Ascension Parish Real Estate, Ascension Parish Real Estate Appraisers, Prairieville LA, Fountain Hill, 70769

Ascension Parish FHA Appraisers: Ronda Place Subdivision 2010 Home Sales Price Trends

Ascension Parish Home Appraisers — Sun, 02 Jan 2011 16:08:44 +0000

http://www.ascensionrealestateappraisers.com/ – Ascension Parish FHA Appraisers: Ronda Place Subdivision 2010 Home Sales Price Trends. There were two (2) MLS sales and two (2) FSBO Sales in 2010. Overall sales prices are still increasing into 2011.

Home On Ronda Avenue

Solds In Ronda Place Subdivision from 1/2010 to 12/31/2010 revealed:

Average Sales Price: $157,950 ($144,967 in 2009)
Average Sold Price Per Sq. Ft.: $96.79/sf ($89.87/sf in 2009)
Median Sold Price: $157,950 ($149,900 in 2009)
Number of “MLS” Sales: 2 (3 in 2009)
Average Number of Days On Market: 37 (233 in 2009)
Low To High: $156,000 to $159,900
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 2, 1 Is A Foreclosure $116,900
Current Listings Prices: $116,900 to $199,900 or $75/sf to $81/sf.

The $116,900 listing on Aimee Drive has 1,566sf living area. The $199,900 lisitng is “contingent” or under contract with the buyer’s home waiting to sell and has 2,472sf living area.

LEGAL NEWS REPORTS 4 SALES. For Ronda Place Subdivision, Legal News reports four (4) total sales, two (2) FSBO Sales. Legal News reports that 17254 Eric Dr sold for $165,000 in February 2010. MLS history reports this home has 1,616sf 6/3/2 built in 1982 with a large 25×22 Workshop. So, this home sold for $102.10/sf.

Legal News also reports a sale of one of the smaller garden homes fronting Hwy 929 for $121,500 in November 2010, Lot 67-B. MLS History states this home to be 17230 La Hwy 929 having 1,200sf with 2 bedrooms, 1 bathroom and last sold for $99,900 in 12/2005. So, this home sold for $101.25/sf approximately. I use the word “approximately” because MLS uses the even “1200″ sf, meaning that the home might not even have been measured for the listing, which is a disturbing trend I’m seeing more of in Greater Baton Rouge Real Estate.

This is the Foreclosure Listing on Aimee Drive!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, Baton Rouge Real Estate Trends,

Real Estate Appraisers In Prairieville Ascension Parish: Oaks On The Bluff 2010 Numbers Review

Ascension Parish Home Appraisers — Sun, 02 Jan 2011 02:50:04 +0000

http://www.ascensionrealestateappraisers.com/ – Real Estate Appraisers In Prairieville Ascension Parish: Oaks On The Bluff 2010 Numbers Review

Check out my recent photo shoot of the entrance to Oaks On The Bluff Subdivision below.

Solds In Oaks On The Bluff from 1/2010 to 12/31/2010 revealed:

Average Sales Price: $408,625 ($417,444 in 2009)
Average Sold Price Per Sq. Ft.: $122/sf ($142/sf in 2009)
Median Sold Price: $400,250 ($372,500 in 2009)
Number of Sales: 4 (7 in 2009)
Average Number of Days On Market: 90 (133 in 2009)
Low To High: $375,000 to $459,000
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Price: $439,000 or $149/sf

There are contradictory indications of price trends. While the Median Sales Price has increased from $372,500 in 2009 to $400,250 in 2010, the Average Sold Price Per Sq. Ft. has declined sharply from $142/sf in 2009 to only $122/sf in 2010!