http://www.batonrougehousingreports.com/ - Baton Rouge Housing Market Week In Review January 29-February 4, 2012. Housing numbers and interesting facts.
Greater Baton Rouge Housing Statistics:
LISTINGS:
Total Current Listings: 5,009
Foreclosure Listings: 481 or 10% of total listings
3rd Party Active Listings: 316 or 6% of total listings
Short Sale Active or Potential SS Listings: 179 or 4% of total listings
SOLDS:
Total Number of Solds: 105
Foreclosures Sold: 23 or 22% of Solds
3rd Party Solds: 12 or 11% of total solds
Short Sales Solds: 20 or 19% of total solds
Foreclosure, 3rd Party and Short Sales Solds: 55 or 52% of all solds
Low To High Sales Prices: $18,000 to $1,300,000
Photo of $1,300,000 Home Sale
New Home Sales: 26 or 25% of all sales
East Baton Rouge MLS Area with most home sales: 43 with 17 sales
CUMULATIVE TOTALS FOR 2012
Total Number of Sales: 429
ASCENSION: 92
EAST BATON ROUGE: 221
EAST FELICIANA: 0
LIVINGSTON: 89
IBERVILLE: 3
POINTE COUPEE: 10
WEST BATON ROUGE: 13
WEST FELICIANA: 1
NOTE: 97% of Home Sales Took Place in ASC, EBR, LIV and WBR Parishes, which is why I don't understand WHY there's an "8" Parish MSA.
Foreclosures Sold: 105 or 24% of Solds
3rd Party Solds: 54 or 11% of total solds
Short Sales Solds: 72 or 16% of total solds
Foreclosure, 3rd Party and Short Sales Solds: 231 or 54% of all solds
AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $200,113 (Jumped because of $1,300,000 sale)
ASCENSION: $197,096
LIVINGSTON: $146,246
OTHER: $168,476
MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $163,000
ASCENSION: $179,900
LIVINGSTON: $140,000
OTHER: $169,900
AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 124
ASCENSION: 123
LIVINGSTON: 162
OTHER: 151
LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 99%
LIVINGSTON: 97%
OTHER: 95%
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 02/04/2012. This information was extracted on 02/05/2012.
http://www.orhp.com/ - Greater Baton Rouge Homeowners and Real Estate Professionals Benefit from Home Warranties!
If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver! Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.
If a home develops a mechanical problem during the first year of ownership, when home buyers have recently depleted their expendable cash to purchase and furnish their new home, a home warranty can be a life-saver! Since home warranties cover the majority of the cost to repair or replace covered items, a comprehensive home warranty is a great tool to budget for repairs.
For the real estate professional, having the protection of a home warranty on their listed and sold homes can be a "career-saver!" Buyers usually contact their real estate agents for help in resolving such problems after the sale. This call from the buyer is much less stressful when a home warranty is in place!
The types of residential homes covered by home warranties are: single family homes, multi-unit homes, condominiums, mobile homes - both resale and new construction.
Old Republic Home Protection Coverage Includes:
* Undetectable Pre-Existing Conditions
* Failure due to Lack of Maintenance
* Failure due to Rust and Corrosion
* 13 SEER Upgrades
* Water Heater Sediment
* Washer, Dryer & Kitchen Refrigerator
* Garage Door Opener
Contact:
Webb Wartelle
Sr. Account Executive, Old Republic Home Protection
1.800.282.7131 Ext. 1285
2009 Greater Baton Rouge Assn of Realtors Affiliate of the Year
http://www.denhamspringsappraisers.com/ - Home Appraisers Denham Springs 2011 Housing Report
Summerfield Subdivision Denham Springs 2011 Housing Numbers. It used to be that homes in Summerfield sold in the $110/sf to $112/sf range. That was then and this is a new housing market in 2011.
Here are the Summerfield Subdivision housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $192,380 in 2010 to $174,150 in 2011 or -9.5%. Median sales price was was down from $189,500 in 2010 to $175,000 in 2011 or -7.7%. However, the average sold price per sq. ft. was only down $2.42/sf or -2.45% from $98.58/sf to $96.16/sf.
Distressed Properties To Blame For Decline. I suspect part of this decline was due to 2 of the 5 total sales being 1 foreclosure and 1 short sale or 40% of total sales. And, Summerfield is simply correcting in price along with the remainder of Greater Baton Rouge Housing.
Denham Springs Summerfield Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/24/2011 to 01/24/2012. This information was extracted on 01/24/2012.
The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above. Since there were no sales in December 2010 and December 2011, some of the data is incomplete.
Summerfield Subdivision Denham Springs LA 2011 Housing Report
http://www.batonrougehousingreports.com/ - Denham Springs Westminister Estates 2011 Housing Report. Average sold price declines 6.4% and average sold price per sq. ft. declines $10.43/sf.
The Legal Name of this development at the Livingston Parish Courthouse and in filing records is Westminister Estates, meaning the sign is wrong. Here are the Westminister Estates housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $149,880 in 2010 to $140,293 in 2011 or -6.4%. Median sales price was basically unchanged. However, the average sold price per sq. ft. had a -$10.43/sf decline from $91.52 in 2010 to only $81.09/sf in 2011.
Foreclosures To Blame. I suspect part of this decline was due to 7 of the 15 total sales being foreclosures or 47% of total sales. This means that of the 15 total home sales, 7 were in some form of distress.
Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.
The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.
Dec-10 vs. Dec-11: The median sold price is down 11%
Dec-10 vs. Dec-11: The median price of for sale properties is up 3% and the median price of sold properties is down 11%
Dec-10 vs. Dec-11: The number of Sold properties has not changed
Dec-10 vs. Dec-11: The number of Under Contract properties is down 100%
Dec-10 vs. Dec-11: The number of New properties is down 50%
Dec-10 vs. Dec-11: The number of For Sale properties is down 44%
Dec-10 vs. Dec-11: The number of Expired properties is down 100%
Dec-10 vs. Dec-11: The number of for sale properties is down 44% and the number of sold properties has not changed
Dec-10 vs. Dec-11: The average days on market is down 100%
Dec-10 vs. Dec-11: The average months supply of inventory is down 100%
Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report
http://batonrougehousingreports.com/ - Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report. Broadmoor home prices decline or corrects in 2011 close to 10%.
Here is the report on Broadmoor Subdivision housing numbers based on 58 home sales from end of December 2010 to end of December 2011. Note: This was a search through ALL of the Single Family Homes Broadmoor Subdivisions in GBRMLS, not just "Broadmoor Subd". From 2010 to 2011, the Average sold price declined from $169,689 to $153,349 or -9.6%. From 2010 to 2011, the Median sold price declined from $166,000 down to $150,500 or -9.3%. From 2010 to 2011, the average sold price per sq. ft. declined from $77.93 down to $69.65 or -$8.28/sf or -10.7%. The percentage of distressed sales jumped from 17% in 2010 to approximately 36% in 2011.
Solds In Broadmoor from 1/1/2010 to 12/31/2010 revealed:
Average Sales Price: $169,689
Average Sold Price Per Sq. Ft.:$77.93/sf
Median Sold Price: $166,000
Low To High Sales Prices: $85,000 to $259,950
Number of Sales: 59
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 10 or 17%
Solds In Broadmoor from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $153,349
Average Sold Price Per Sq. Ft.:$69.65/sf
Median Sold Price: $150,500
Low To High Sales Prices: $63,000 to $316,000
Number of Sales: 58
Number of Sold Distressed REO/Foreclosures/3rd Party/Short Sales Noted: 21 or 36%
Distressed Sales To Blame For Declines? Yes! I suspect part of this decline was due to the generall overall housing correction taking place in Baton Rouge and 21 or 36% of the 58 total sales being distressed in some form compared to only 10 or 17% in 2010. This means that of the 58 total home sales, 21 or 36% were in some form of distress, which is very high for the Baton Rouge housing market.
Broadmoor Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012. Yes, this appraiser does have permission to use the subdivision chart above.
The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.
Dec-10 vs. Dec-11: The median sold price is down 8%
Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%
Dec-10 vs. Dec-11: The number of Sold properties is up 300%
Dec-10 vs. Dec-11: The number of Under Contract properties has not changed
Dec-10 vs. Dec-11: The number of New properties is down 62%
Dec-10 vs. Dec-11: The number of For Sale properties is down 16%
Dec-10 vs. Dec-11: The number of Expired properties is down 71%
Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%
Dec-10 vs. Dec-11: The average days on market is down 24%
Dec-10 vs. Dec-11: The average months supply of inventory is down 8%
Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report
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Bill Is A Home Appraiser With 20 Yrs Residential Appraisal Experience In The Greater Baton Rouge Market. Bill is also the publisher of Baton Rouge Housing News @ Baton Rouge Housing Reports Dot Com.
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