William D. Cobb FHA Home Appraiser

http://www.ascensionrealestateappraisers.com/ - Gonzales Louisiana 70737 Villa Gardens Housing Report Midyear 2009 by Ascension Parish FHA Appraisers

Solds In Villa Gardens Subdivision from 07/01/07 to 07/01/08 revealed:
Average Sales Price: $161,250
Average Sold Price Per Sq. Ft.: $115.13
Median Sold Price: $161,000
Low Sales Price: $160,000
High Sales Price: $163,000
Average # of Days On Market: 36
# of Sales: 4

Solds In Villa Gardens Subdivision from 07/01/2008 to 07/09/2009 reveals:
Average Sales Price: $170,975
Average Listing Price: $174,200
Average Sold Price Per Sq. Ft.: $114.40
Median Sold Price: $181,000
Low Sales Price: $155,000
High Sales Price: $182,000
Average # of Days On Market: 79
# of Sales: 4
Listing Price To Sales Price Ratio Has Been: 98%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be increasing.

The Average Sales Price has increased by +$9,725

Median Sales Price has increased by +$20,000.

Average Sold Price Per Sq. Ft. has decreased by -$0.73/sf.

See 1004MC "Sub-market" Charting Below. Overall Stable Market To Slightly Increasing Market (+2.81% Since 7/2008). 6 Months Supply of Housing On Market. 17 Competing Listings Does Indicate a Slight Over-Supply. 98% List-To-Sales Price Ratio.

Market data used with the permission of Greater Baton Rouge Board of Realtors.

Author's Bio:

Bill Cobb, CREA, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill's company, Accurate Valuations Home Appraisal 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

fastvalue2@cox.net

http://www.ascensionrealestateappraisers.com/

http://www.ascensionrealestateappraisers.com/ - Ascension Parish Real Estate News - $7.7 Million Lots Sale Indicates Trend Towards Smaller, More Affordable Homes To Be Built and Sold

The Baton Rouge Business Report is reporting a $7.7 Million Lots Sale In Keystone Of Galvez Subdivision, purchased by the very active Vicknair Builders. At a time when some local builders who built on the higher end of price range and still can't sell their inventory and now with Allstar Homes offering a free $15,000 with a home purchase, Vicknair Builders, who builds in the more affordable $130K to $180K market, is in a building boom in several local developments.

Here's the link and snippet:

http://www.businessreport.com/archives/daily-report/2009/may/27/1000/

"Developer Kevin Nguyen sold 199 lots in his Keystone of Galvez subdivision to A and T Management. A and T, headed by Allen Tomlison, paid $7.7 million for the lots off La. 933 in a deal that happened Tuesday. Tomlinson bought 145 lots at $40,000 each and 54 lots at $35,000 per lot. They will construct houses on them for sale. Tomlinson and Vicknair builders have been buying lots in Galvez in blocks of 10 for the past year before they went ahead and bought out the rest of the developed properties in the subdivision. Nguyen kept the remaining land that has been approved for an additional 500 lots. He will install utilities and develop the lots as market conditions improve.-Tom Cook"

http://www.batonrougerealestateappraisers.net/ -

Woodridge Subdivision 70809 May 2009 Update: Baton Rouge Subdivision Videos

Current Video: http://www.viddler.com/explore/fhaappraiser/videos/49/

Solds In Woodridge Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $346,578
Average Sold Price Per Sq. Ft.: $138.84
Median Sold Price: $349,000
Low Sales Price: $271,000
High Sales Price: $409,000
Average # of Days On Market: 112
# of Sales: 36

Solds In Woodridge Subdivision from 01/01/2008 to 01/12/2009 reveals:
Average Sales Price: $336,160
Average Sold Price Per Sq. Ft.: $137.03
Median Sold Price: $349,500
Low Sales Price: $263,000
High Sales Price: $407,299
Average # of Days On Market: 96
# of Sales: 25

Solds In Woodridge Subdivision from 01/01/2009 to 05/15/2009 reveals:
Average Sales Price: $330,093
Average Sold Price Per Sq. Ft.: $138.96
Median Sold Price: $315,840
Low Sales Price: $260,000
High Sales Price: $439,000
Average # of Days On Market: 80
# of Sales: 9

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Woodridge Subdivision, the market direction appears to be declining from a high in 2007 of $349,000 down to $315,840 currently. The Average Sales Price has decreased by -$16,485 or -4.76%. Median Sales Price has declined by -$33,160 or -9.5%. However, the Average Sold Price Per Sq. Ft. has remained stable from $138.84/sf to $138.96/sf - a strange phenomenon where the median sales price declines -9.5% but the average sold price per sq. ft. remains stable.

http://www.ascensionrealestateappraisers.com/ - Gonzales Louisiana 70737 - Pelican Point Golf Community Video 2009
Solds In This Subdivision in MLS from 6/01/07 to 6/01/08 reveals: Average Sales Price: $356,656 Average Sold Price Per Sq. Ft.: $130.00 Median Sold Price: $339,400 Low Sales Price: $233,000 High Sales Price: $560,000 Average # of Days On Market: 121 # of Sales: 43
Solds In This Subdivision from 6/01/08 to 5/03/09 reveals: Average Sales Price: $319,717 Average Sold Price Per Sq. Ft.: $122.28 Median Sold Price: $308,250 Low Sales Price: $170,000 High Sales Price: $520,000 Average # of Days On Market: 148 # of Sales: 36
Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Subdivision, the market direction appears to be declining. The Average Sales Price has declined -$36,939 or -10.36%. Median Sales Price has declined -$31,150 or -9.18%. Average Sold Price Per Sq. Ft. has declined -$7.72/sf or -5.94/sf.
THERE ARE "57" (46 in MLS and 11 in www.fsbobr.com) HOMES FOR SALE IN PELICAN POINT, MORE THAN THE AMOUNT THAT SOLD IN THE PAST 12 MONTHS.

http://bestfanniemae1004mcsolution.ning.com/ - Here's My Latest Fannie Mae 1004 MC Completed In S.M.A.R.T. Appraiser Software - I'm Improving - Do You Have Any Tips To Help Me Improve?

I'm Improving. How are you all doing on this addendum? If you need help, check out these attachments.

For the First Question about Seller Paid Concessions, I've also added a disclaimer than only MLS was searched for ALL competing listings (in my area, we have about 10 FSBO sites).

For the REO/Foreclosures question, I've added Realty Trac data along with MLS data because of the Michael Tarabotto The Landmines Within article (http://activerain.com/blogsview/927638/The-Landmines-Within ), which states that 70% of REOs never make it into the MLS system.

Have any feedback or tips to help me/us? Please add a comment. Hope this helps! Bill Cobb

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