http://www.videosofbatonrougerealestate.com/ – New Listing in Les Chenier Prairievlille, Home for sale at 17378 Lauren Drive

Very cute home in desirable Les Chenier Subdivision. This home is situated on a large fenced lot. The kitchen has been upgraded with beautiful granite countertops. The main living area features wood flooring and ceramic tile. The master bedroom also has wood floors. The bonus room upstairs is a very special extra. The pool table will remain so you can start entertaining soon after you move in! There is also a seating area that can be used as a theater area as well. Two skylights bring lots of natural light into the bonus room. This home feeds to the most desirable schools in Ascension Parish. Call today for your private showing.

Click Below For More Details!

Tags: Ascension Parish Real Estate, Ascension Parish Homes For Sale, Ascension Parish Realtors, Ascension Realtor Homes, Ascension FHA Appraisers, Ascension Home Appraisers, Ascension Appraisers, Ascension Real Estate Appraisers, Prairieville La, Gonzales La

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!

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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

http://www.ascensionrealestateappraisers.com/ – Home Appraisers In Prairieville La 70769: Manchac Place Subdivision Home Price Trends in 2010

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

Average Sales Price: $292,618 ($290,000 in 2009)

Average Sold Price Per Sq. Ft.: $99.34/sf ($91.14/sf in 2009)

Median Sold Price: $293,900 ($290,000 in 2009)

Number of Sales: 11 (13 in 2009)

Average Days On Market: 125 (147 Days in 2009)

Low To High: $247,000 to $356,900

Number of Sold REO/Foreclosures Noted In MLS: 2 For $263K and $275K

Current # Listings: 7, 1 Foreclosure, 1 Short Sale

Current Listings Prices: $204,900 To $325,000, $85/sf to $122/sf

MANCHAC PLACE SUBDIVISION PHOTO GALLERY!

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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 does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Tags: Ascension Parish Appraisers, Ascension Parish Real Estate, Baton Rouge Real Estate, Ascension Parish Real Estate Appraisers, Ascension Parish Home Appraisers, Prairieville La Home Appraisers, Prairieville La Real Estate Appraisers, Manchac Place

http://www.ascensionrealestateappraisers.com/ – Home Appraisers In Ascension Parish: Ascension Trace Sudivision 2010 Home Sales Price Trends. Overall lower indicators based on three (3) MLS foreclosure sales.

Solds In Ascension Trace Subdivision from 1/1/2010 to 12/31/2010 revealed:

Average Sales Price: $162,859 ($165,950 in 2009 -1.86%)
Avg Sold $ Per Sq. Ft.: $81.17/sf ($90.68/sf in 2009 -10.5%)
Median Sold Price: $165,000 ($171,500 in 2009 -3.8%)
Number of “MLS” Sales: 11 (12 in 2009)
Average Number of Days On Market: 220 (85 in 2009)
Low To High: $129,900 to $198,000
Number of Sold REO/Foreclosures Noted In MLS: 3
Current # Listings: 9, 1 Is A Foreclosure
Current Listings Prices: $129,900 to $185,000 or $72/sf to $112/sf.

NOTE: See that it took the average home in 2010 “220″ days on the market to sell!

The above chart is based on the median sales prices of all 108 GBRMLS reported solds from 1/1/2006 to 12/31/2010. Since 1/2006, the median sold price has increased by 14.86%. Since 1/2010, the median sold price has increased by 2.36%, which is positive for this market!

Since 1/1/2006, there have been 6 REOs or foreclosures that were listed and sold through MLS or that were disposed through Agents. This doesn’t mean that there have only been 6 total foreclosures!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to December 31, 2010 (with historical look back to 1/1/2006). This information was extracted on 1/1/2011.

Tags: Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate Trends, Ascension Parish, Gonzales LA, Ascension Trace

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!

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!

http://www.ascensionrealestateappraisers.com/ – Ascension Parish Home Appraisers: Quail Creek Subdivision Numbers Improve in 2010! While the number of home sales is down 54%, the average sales price, median sales price and average sold price per sq. ft. are all up in 2010 based on 6 sales.

I’m currently working on a refinance appraisal on Lakeland Avenue in Quail Creek Subdivision and found the numbers below rather interesting.

Solds In Quail Creek from 1/2010 to 12/1/2010 revealed:
Average Sales Price: $284,383 ($241,281 in 2009)
Average Sold Price Per Sq. Ft.: $117.14/sf ($113.42/sf in 2009)
Median Sold Price: $285,200 ($250,000 in 2009 based on 13 sales)
Number of Sales: 6 (13 in 2009)
Average Number of Days On Market:131
Low To High: $217,900 to $350,000 (Sizes Vary from 1,790sf to 3,292sf)
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 4, 0 Are Foreclosures
Current Listings Prices: $225,000 To $309,900

NOTE: The GBRMLS Chart has not been updated and only includes “4″ of the “6″ sales taken place.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 1, 2010. This information was extracted on 12/01/2010.

Tags: Baton Rouge Estate Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate Appraisers, Baton Rouge Real Estate Buzz, Greater Baton Rouge Real Estate, Quail Creek, Ascension Parish Real Estate, 70769

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers: Why do some houses sit on the market while others sell?

Here’s an interesting video by Jay Papasan, an executive of Keller Williams Realty. We see “Jay” on the month “This Month In Real Estate US: November 2010″ videos on YouTube. In this video, Mr. Papasan explains why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.

I’m curious to hear the experience of both home owners and real estate agents as to what if Mr. Papasan is explaining is reality locally? Any ideas on what it would take for homes to sell faster? Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

]]> http://www.ascensionrealestateappraisers.com/north-ascension-parish-real-estate/ascension-parish-real-estate/ascension-parish-real-estate-appraisers/baton-rouge-real-estate-appraisers-why-do-some-houses-sit-on-the-market-while-others-sell/feed/ 0 http://www.ascensionrealestateappraisers.com/north-ascension-parish-real-estate/ascension-parish-real-estate/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/ http://www.ascensionrealestateappraisers.com/north-ascension-parish-real-estate/ascension-parish-real-estate/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/#comments Mon, 13 Sep 2010 00:53:09 +0000 Ascension Parish Home Appraisers http://www.ascensionrealestateappraisers.com/ascension-parish-real-estate/baton-rouge-real-estate-appraisers-photos-from-the-field-lsu-tiger-spirit-is-alive-and-well-on-game-day/

http://www.batonrougerealestateappraisal.com/ – Baton Rouge Real Estate Appraisers Photos From The Field: LSU Tiger Spirit Is Alive And Well On Game Day!

These two photos below were taken in Rolling Meadows 70817 and Bellingrath Lakes 70739 during Saturday’s home appraisal inspections and reveal that LSU Tiger Spirit is alive and well in the Greater Baton Rouge community!

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

http://www.ascensionrealestateappraisers.com/ – Greater Baton Rouge Real Estate Appraisers: August 2010 Keystone of Galvez Prairieville Update

Keystone of Galvez Numbers! In 2010, there have been 45 total sales with an Average Sold Price of $165,187, Median Sales Price of $160,900, Average Sold Price per sq. ft. $108.49/sf and Average Days On Market 106 days. In 2009, there were 70 sales so it appears 2010 sales will equal 2009 sales numbers. Average Sold Price Per Sq. Ft. increase 2010 over 2009 is $0.50/sf. Data Used With Permission of GBRAR MLS. Data was extracted on 8/16/2010 from periods 1/1/2010 through 8/16/2010.

Tags: Baton Rouge Real Estate, Baton Rouge Real Estate Agents, Baton Rouge Realtors, Greater Baton Rouge Real Estate, Real Estate Baton Rouge, Keystone of Galvez, Prairieville La, 70769