http://realestateappraisertips.info/ -Thank You Kat Bryce For Teaching Me This Real Estate Appraiser Tip!
I wanted to send out a special thanks to Kat Bryce, Fort Myers Florida Home Appraiser, for this real estate appraiser tip she gave me this morning regarding extra support for market trends analysis and quantifying time or market conditions adjustments within residential appraisal reports. Kat told me to go to http://www.realquest.com , type in the full address (like 404 Sherron Ave Baker LA 70714) and click enter. When the results appear, click on the "Market Trends" button on the left side of screen (see red arrow), see image below. This advice helped me back up my justification for "declining market" classification and help with proper adjustments applied. While RealQuest may not have the most up-to-date data, it does help add "teeth" to your market direction determination. Of course, one should also rely upon their own local MLS for such data as well. However, while Solid Earth is a great MLS system, it doesn't produce maps that look nearly as great as RealQuest Maps. And, Solid Earth maps don't include Market Trend Lines either, something that's pretty important in this type of market were experiencing!
NOTE: To See A Larger View Of This Example, Click On The Chart!
Again, a special thank you to Fort Myers, Florida Appraiser, Kat Bryce, for her help today!
Learn More About Kat Bryce @ http://www.leecountyappraisers.com
Baker Louisiana FHA Appraisers Issues Baker Hills Study
Solds From Baker Hills Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $110,133
Average Sold Price Per Sq. Ft.: $76.49
Median Sold Price: $114,000
Low Sales Price: $79,000
High Sales Price: $142,900
Average # of Days On Market: 42
# of Sales: 12
Solds From Baker Hills Subdivision from 01/01/2008 to Present reveals:
Average Sales Price: $99,730
Average Sold Price Per Sq. Ft.: $72.49
Median Sold Price: $99,500
Low Sales Price: $52,000
High Sales Price: $145,000
Average # of Days On Market: 38
# of Sales: 10
REO Sales Were Not Excluded. Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Baker Hills Subdivision, the market direction is declining.
The Average Sales Price has decreased by -$10,403.
Median Sales Price has decreased by -$14,500.
Average Sold Price Per Sq. Ft. has decreased by -$4.00/sf.
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
Zachary Louisiana Report On Copper Mill Golf Community January 2009 Update
Sales In Copper Mill $345K to $542K With 19 Sales Since 1/1/08, Average
Size Home 2,800sf, Avg Sold Price $158/sf, Median Sales Price $430K
Solds In Copper Mill from 01/01/2007 to 12/31/2007 revealed: Solds In Copper Mill from 01/01/2008 to Present reveals: Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Copper Mill Golf Community Subdivision, the market direction appears to be decreasing. The Average Sales Price has decreased by -$13,307. The Median Sales Price has decreased by -$21,500. The Average Sold Price Per Sq. Ft. has decreased by -$2.77/sf. From: http://www.coppermillgolf.com/ "In the heart of South Louisiana, a short drive north of the Capitol City of Baton Rouge, there's a place you'll long to call home. Centered around 18 holes of "links-style" golf reminiscent of those in Scotland, Copper Mill Golf Club provides a unique blend of relaxed lifestyle, championship caliber golf, and classic "Southern Charm." Sit back and relax in your new home as the course winds its way through open rolling grasslands, along sparkling lakes, and over a landscape dotted with pot bunkers and native grasses. Copper Mill was planned with both the golfer and the homeowner in mind." Copper Mill data presented with the permission of the Greater Baton Rouge Board of Realtors.
Average Sales Price: $458,034
Average Sold Price Per Sq. Ft.: $160.80
Median Sold Price: $451,500
Low Sales Price: $291,035
High Sales Price: $623,751
Average # of Days On Market: 197
# of Sales: 16
Average Sales Price: $444,727
Average Sold Price Per Sq. Ft.: $158.03
Median Sold Price: $430,000
Low Sales Price: $345,000
High Sales Price: $541,272
Average # of Days On Market: 178
# of Sales: 19
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
http://zacharylouisianarealestate.info/
Zachary Louisiana Sandy Creek Subdivision FHA Home Appraiser 2009 Update
Solds from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $185,355
Average Sold Price Per Sq. Ft.: $117.71
Median Sold Price: $187,200
Low Sales Price: $167,500
High Sales Price: $210,600
Average # of Days On Market: 51
# of Sales: 48
Solds from 01/01/2008 to 01/16/2009 reveals:
Average Sales Price: $188,938
Average Sold Price Per Sq. Ft.: $120.26
Median Sold Price: $191,500
Low Sales Price: $160,000
High Sales Price: $201,500
Average # of Days On Market: 73
# of Sales: 8
Listing Price To Sales Price Ratio Has Been: 98.44%
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 slightly. Yes, this Sandy Creek market is much slower now because the 48 sales in 2007 were of mostly new homes and Sandy Creek is built out - meaning there are no more new homes to sell.
The Average Sales Price has increased by +$3,583.
Median Sales Price has decreased by +$4,300.
Average Sold Price Per Sq. Ft. has increased by +$2.55/sf.
However, this data showing an increase is also from the entire 2008 period, which presents a lag time in actual market activity. This data must also be weighed with the recent BR Business Report News. According to the Baton Rouge Business Report and the Greater Baton Rouge Association of Realtors on 12/12/2008 http://www.businessreport.com/archives/daily-report/2008/dec/12/715/:
"November home sales down 38%
The number of houses sold in the Capital Region was down 38% in November, while the average sale price dropped by 5.3%. According to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, there were 405 homes sold in the area last month, compared with 658 in November 2007. The average sale price was $186,129, compared with $196,521 one year ago. East Baton Rouge Parish saw the smallest drop in average sale prices, a 2.7% decrease from $196,521 to $190,413. The average dropped 10.6% in Ascension Parish, from $245,127 to $219,164. In Livingston Parish, the average was down 9.1%, from $158,120 to $143,632. And in the other category, which includes MLS sales in West Baton Rouge, East and West Feliciana, Iberville and Pointe Coupee parishes, the average was down 11.2% from $193,285 to $171,705. Year to date, the number of houses sold in the Capital Region is down 25%, from 8,926 sales as of November 2007 to 6,821 in the first 11 months of this year."
Sandy Creek data is presented with the permission of the 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
Whispering Oaks Subdivision 2008 Report by Gonzales Louisiana FHA Appraisers
Whispering Oaks Solds Were From $142K to $169,900, 9 sales since 1/1/08, average home size
1,423sf, average sold price $111.27/sf, median sales price $164K
Solds In Whispering Oaks from 01/01/2008 to 01/16/2009 reveals:
The Average Sales Price: $158,311
The Average Sold Price Per Sq. Ft.: $111.27/sf
The Median Sold Price: $164,000
Low Sales Price: $142.000
High Sales Price: $169,900
Average # of Days On Market: 31 Days On Market
# of Sales: 9
Listing Price To Sales Price Ratio Has Been: 98%
Whispering Oaks data is presented with the permission of the 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
 |
|
|
Bill Is A Home Appraiser With 17 Years of Residential Appraisal Experience In The Greater Baton Rouge Market. Quick turnaround times, competitive rates and quality service. Online Order Management.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
