About East Baton Rouge Parish, LA

Baton Rouge Real Estate Agent Interviews Tool: iPhone dual mic system with audio sample

Baton Rouge Real Estate Agent Interviews Tool: iPhone dual microphone system audio sample. The Apple iPhone and iPad dual microphone adapter is available in the store at http://www.hdhat.com . Simply plug the adapter into your headset jack then hook any 2 battery powered condenser mics to the ends of the cable and record audio beautifully from both microphones.

This adapter cable works great on the iPhone and/or iPad. The store also has complete dual and single iPhone and iPad 2 microphone systems.
Via www.youtube.com

ABOUT HDHAT.COM: http://hdhat.com/realestatevideo/realestatevideotutorials.html

http://www.batonrougehousingreports.com/ - Bill Cobb Is Baton Rouge's Real Estate Reporter, Housing News Reporter

Central's Village Lakes March 2010 Housing Market Report. Village Lakes Is Located In Central Louisiana 70739.

Bill Cobb Is Baton Rouge's Real Estate Reporter, Housing News Reporter

With 20 years experience as a Louisiana Home Appraiser and editor of several local housing related websites, Bill Cobb brings a wealth of knowledge and experience to Greater Baton Rouge Housing. From the Greater Baton Rouge Housing Week In Review segment to Greater Baton Rouge Monthly Housing Studies . To Baton Rouge Real Estate Buzz to Denham Springs Housing News . From Ascension Parish Housing News to Zachary La Housing News . From West Baton Rouge Housing News to Videos of Baton Rouge Real Estate News .

From Baton Rouge Market Metrics Subdivision Studies to Baton Rouge Residential Real Estate Trends, Bill Cobb Appraiser is THE SOURCE for Greater Housing News!

Bill Cobb Author of Baton Rouge Real Estate News

http://www.scoop.it/t/baton-rouge-real-estate-news/

Baton Rouge Home Sales Report For February 26-March 3, 2012

Week In Review In Baton Rouge Real Estate February 26-March 3, 2012

What A Difference A Week Makes! From 02/19-02/25 there were 76 total GBR home sales. From 02/26-03/03 there were 152, an increase of 76 or 50% more home sales! For the week, 31 sales or 20% of ALL sales were distressed in some form and 80% were not. For 2012, 943 total sales with 43% of ALL sales being distressed in some form and 57% were not. However, of the 206 Foreclosure sales in 2012, the average sales price is $112,102 and median $95,000, meaning most of the REO sales are taking place are far, far below the typical price range in Baton Rouge, the $160,000 to $200,000 range.

View Previous Week In Review Baton Rouge Real Estate Studies For 2012

Greater Baton Rouge MSA Housing Statistics For 02/26/2012 - 03/03/2012:

LISTINGS:

Total Current Active Pending Contingent Listings: 5,296 (5,184 last week)

Foreclosure Listings: 512 or 10% of total listings

3rd Party Active Listings: 343 or 6% of total listings

Short Sale Active or Potential SS Listings: 263 or 5% of total listings

Foreclosure, 3rd Party and Short Sales Potential: 1118 or 21% of ALL Listings

79% ARE NOT DISTRESSED LISTINGS

SOLDS From 02/26/2012 - 03/03/2012:

Total Number of Solds: 152 (76 Last Week, INCREASING # OF SALES)

Average Sold Price: $216,613

Median Sold Price: $172,000

Average Continuous Days On Market: 144

Low To High Sales Prices: $15,199 (30180 Smith Drive) to $1,980,500 (19332 S Lakeway Drive)

Low

To High

New Home Sales: 17 or 11% of all sales

MLS Area With Most Sales: 43 with 19 Each

East Baton Rouge MLS Area With Most Sales: 43 With 19 Sales

Foreclosures Sold: 20 or 13% of Solds

3rd Party Solds: 9 or 6% of total solds

Short Sales Solds: 2 or 1% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 31 or 20% of all solds

NOTE: This is vast improvement from earlier numbers in 2012.

CUMULATIVE TOTALS FOR 2012

Total Number of Sales: 943

ASCENSION: 203
EAST BATON ROUGE: 481
EAST FELICIANA: 7
LIVINGSTON: 139
IBERVILLE: 15
POINTE COUPEE: 22
WEST BATON ROUGE: 28
WEST FELICIANA: 3
NOTE: 851 or 90% of Home Sales Took Place in ASC, EBR, LIV and WBR Parishes.

Foreclosures Sold YES: 206 or 22% of Solds

3rd Party Solds YES: 97 or 10% of total solds

Short Sales Solds YES: 98 or 10% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 401 or 43% of all solds

CUMULATIVE AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $198,315
ASCENSION: $201,721
LIVINGSTON: $139,250
OTHER: $189,300
ALL MSA: $187,888

CUMULATIVE MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $165,000
ASCENSION: $184,950
LIVINGSTON: $144,868
OTHER: $171,900
ALL MSA: $162,400

CUMULATIVE AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 132
ASCENSION: 159
LIVINGSTON: 141
OTHER: 180
ALL MSA: 144

CUMULATIVE LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 98%
LIVINGSTON: 97%
OTHER: 95%
ALL MSA: 97%

CUMULATIVE NUMBER LISTINGS CURRENTLY PENDING:
EAST BATON ROUGE: 675
ASCENSION: 252
LIVINGSTON: 214
OTHER: 93
ALL MSA: 1234

CUMULATIVE NUMBER NEW LISTINGS:
EAST BATON ROUGE: 1146
ASCENSION: 362
LIVINGSTON: 374
OTHER: 193
ALL MSA: 2075

CUMULATIVE NUMBER SOLD LISTINGS:
EAST BATON ROUGE: 481
ASCENSION: 202
LIVINGSTON: 184
OTHER: 75
ALL MSA: 943

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 02/26/2012 to 03/03/2012. This information was extracted on 03/04/2012.

This report is brought to you by Bill Cobb, Appraiser, Baton Rouge's Housing Reporter.

Baton Rouge Condominium Market 2011-2012 Correction Brutal. This segment of the market was ripe for such an extended correction based on the froth in this segment.

See the numbers below. Basically, the Average Sold Price declined another $6,900 or -4.8%. The Average Sold Price Per Sq. Ft. declined again $5.21/sf or -4.5%. The Median Sold Price declined another $6,350 or -4.7%. Number of sales decline close to 8%. Average Days on Market increased by 42 days or +40%. AND, the current Pendings have an Average Days On Market of 242 days. Worst of all is that Total Distressed Sales climbed 54 sales or +91.5%.

This chart below was from one of my condo appraisals in late 2011 in 70809, not the entire condo market.

Condo Sales In East Baton Rouge from 2/1/2010 to 2/28/2011 revealed:
Average Sales Price: $142,717
Average Sold Price Per Sq. Ft.: $116/sf
Median Sold Price: $135,300
Number of Sales: 315
Listing-To-Sales Price Ratio: 97%
Average Days On Market: 106
Low To High: $5,000 up to $570,000

DISTRESSED STATS:
Number of Sold REO/Foreclosures Noted In MLS: 33
Number of Sold 3rd Party Noted In MLS: 25
Number of Sold Short Sales Noted In MLS: 1
Total Distessed Sales: 59 or 19%

Condo Sales In East Baton Rouge from 2/1/2011 to 2/29/2012 revealed:
Average Sales Price: $135,817
Average Sold Price Per Sq. Ft.: $110.79/sf
Median Sold Price: $128,950
Number of Sales: 290
Listing-To-Sales Price Ratio: 96%
Average Days On Market: 148
Current Pendings Days On Market: 242 Days
Low To High: $5,000 up to $550,000

DISTRESSED STATS:
Number of Sold REO/Foreclosures Noted In MLS: 52
Number of Sold 3rd Party Noted In MLS: 29
Number of Sold Short Sales Noted In MLS: 32, INCREASE OF OVER 100%
Total Distessed Sales: 113 or 39%

DIFFERENCES IN TWO (2) PERIODS:

Average Sales Price: -$6,900 or -4.8%
Average Sold Price Per Sq. Ft.: -$5.21/sf or -4.5%
Median Sold Price: -$6,350 or -4.7%
Number of Sales: -25 or -7.9%
Listing-To-Sales Price Ratio: -1%
Average Days On Market: +42 Days or +40%
TOTAL DISTRESSED SALES: +54 or +91.5%

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of Februar 1, 2010 to February 29, 2012. This information was extracted on Sunday 03/03/2012 from GBRAR. Study Completed by Bill Cobb Appraiser and Housing Reporter with Accurate Valuations Group.

Baton Rouge Home Sales Increased by 114 and 14 Percent February 2011 vs 2012

Greater Baton Rouge Home Sales Increased by 114 and 14 Percent February 2011 vs 2012

NUMBER HOME SALES INCREASES. ***THIS REPRESENTS 2012 TOTAL YEAR TO DATE***

Based on GBRMLS data, through end of Febuary 2012, there were 114 or 14% more home sales in Greater Baton Rouge MSA than through February 2011. There were 794 sales through February 2011 versus 908 through February 2012.

THIS DATA BELOW "ONLY" REPRESENTS THE MONTH OF FEBRUARY!

BY PARISH INCREASES. Increases by GBRMLS Areas were +27% in Ascension, NO CHANGE in East Baton Rouge, +19% in Livingston, +72% in OTHER and +13% ALL Areas. OTHER including East Feliciana, Iberville, Pointe Coupee, West Baton Rouge and West Feliciana.

BY VOLUME SOLD INCREASES. Increases by GBRMLS Areas were +39% in Ascension, 7% in East Baton Rouge, +19% in Livingston, +123% in OTHER and +21% ALL Areas.

BY AVERAGE SOLD PRICE INCREASES. Increases by GBRMLS Areas were +9% in Ascension, 7% in East Baton Rouge, NO CHANGE in Livingston, +30% in OTHER and +7% ALL Areas.

NOTE: The Average Sold Price numbers were skewed upward based on 23 home sales over $500,000, which is why I rely on the Median Sales Price numbers as more sane market comparision. The median sold prices below show a much more tempered and believable representation of home sold prices in GBR, with EBR and LIV showing declines or correction. See bottom explanation as to why I rely upon Median Sold Prices and NOT Average sold prices.

BY MEDIAN SOLD PRICE INCREASES AND DECREASES. GBRMLS Areas were +7% in Ascension, -3% in East Baton Rouge, -1% Livingston, +17% in OTHER and +2% ALL Areas.

Gbrmls Monthly Comparison Numbers Home Sales February 2011 versus 2012

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012 from GBRAR www.batonrougetrends.com with final reporting for February 2012. Study Completed by Bill Cobb with Accurate Valuations Group. Covers all sales in the eight 8 Parish MSA.

WHY WE RELY ON MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?

Why Median Sales Price is a better indicator than Average Sales Price! Median Sales Price is the barometer by which the National Association of Realtors utilizes to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $2,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower "sub-market" parameters for comp search and report the "Median Sales Price". This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.