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Baton Rouge Home Appraiser Calls 2011 The Year Of Correction For Baton Rouge Housing!

Baton Rouge Real Estate News

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Originally posted here:
Thinking of Buying A Nicholson Lakes Home Get A Pre-Listing Appraisal First Don’t Overpay

Accurate Valuations Group (Home Appraisals) has completed an analysis of the East Baton Rouge Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. Click the chart to view in a larger size.

This is a lot of data to report on in one (1) article with “20″ zip codes. A short summary follows:

Number of Home Sales Increased Over 2010! For the number of home sales, only 9 zip codes reported a smaller number of sales. And, Ten (10) Zip Codes experienced more sales in Q1 2011 than in Q1 2010, which is great news for our market.

Average Sales Prices Overall Decline! This is consistent with the CoreLogic report on national home prices falling for the 7th straight month, as reported on Thursday, April 7, 2011. Thirteen (13) of the 20 Zip Codes showed declining average sales prices versus only Seven (7) showing increases. Local home prices are continuing to correct.

Average Sales Price Per Square Foot Overall Declines! This is consistent with the CoreLogic report. Fifteen (15) of the 20 Zip Codes showed declining average sales prices per sq. ft. versus only Seven (5) showing either no change or just slight increases.

Biggest Gainers. Zip Code 70807, the Scotlandville market, showed a 450% increase in number of home sales. Zip Code 70739, the Central or Greenwell Springs market, showed a +16.2% increase in Average Sales Prices AND +5.6% in Average Sales Price Per Sq. Ft.. Central is a “hot” market viewed by locals as having a favorable school district.

Largest Declines. Zip Code 70820, the market below LSU off Brightside, showed a -35.3% decrease in number of home sales. Zip Code 70802, the market in and around Central Business District, showed a -33.4% decline in Average Sales Prices AND -30.2% decline in Average Sales Price Per Sq. Ft..

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Author’s Bio:
Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations 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
info@accuratevg.com
http://www.accuratevg.com/

From YouTube: “This Baton Rouge Mardi Gras parade goes to the dogs every year. Dogs of all sizes parade their owners through downtown Baton Rouge for this family favorite dog parade. The dog parade is an annual fundraiser for CAAWS. Thanks to Jay Ducote of biteandbooze.com and Tommy Tally of Tommy’s TV in Baton Rouge.“

Go here to see the original:
Baton Rouge Real Estate Trends: Tuscany Villas Subdivision 2010 Trend 70817

Read more from the original source:
Baton Rouge Real Estate Minute: Bellingrath Lakes September 2010 Update

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Don’t Let ‘Floppers’ Flip Your Greater Baton Rouge House

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Baton Rouge Real Estate Minute Launches, Provides 1 Minute Video Updates, Your Questions?

Excerpt from: 
Baton Rouge FHA Appraiser Voice Comments On Forest Oaks Subdivision August 2010