Here are the Woodland Crossing housing numbers from end of December 2010 to end of December 2011.

Dec-10 vs. Dec-11: The median sold price is down 4%

Dec-10 vs. Dec-11: The median price of for sale properties is up 7% and the median price of sold properties is down 4%

Dec-10 vs. Dec-11: The number of Sold properties is down 67%

Dec-10 vs. Dec-11: The number of Under Contract properties is down 67%

Dec-10 vs. Dec-11: The number of New properties is up 200%

Dec-10 vs. Dec-11: The number of For Sale properties is down 46%

Dec-10 vs. Dec-11: The number of Expired properties is down 82%

Dec-10 vs. Dec-11: The number of for sale properties is down 46% and the number of sold properties is down 67%

Dec-10 vs. Dec-11: The average days on market is down 26%

Dec-10 vs. Dec-11: The average months supply of inventory is up 113%

Denham Springs Woodland Crossing Subdivision 2011 Comprehensive Housing Report

Denham Springs Woodland Crossing 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 Coyle Group Philly Appraisal Blog has written an interesting article on residential bankruptcy appraisals I wanted to share with Greater Baton Rouge residents. The link to this article is: Why is an appraisal needed during Bankruptcy?

Mr. Coyle states, “During bankruptcy the debtor (the person or entity defaulting) is required by the court to demonstrate the worth of their assets. Since the debtor’s real estate holdings are, oftentimes, their largest asset a real estate appraisal is required.”

If you need a local Greater Baton Rouge Home Appraisal for Bankruptcy purposes, call Accurate Valuations Group at 225-293-1500 or Click the Order An Appraisal button here or above, fill the order out and send it in and we’ll be in touch very soon. Thank you, Bill Cobb, Appraiser

Tags: Baton Rouge Real Estate, baton rouge homes, baton rouge houses, Baton Rouge Appraisal Greater Baton Rouge Appraisal, Greater Baton Rouge Appraisers, Baton Rouge Appraisers, Baton Rouge FHA Appraisers, Baton Rouge Bankruptcy appraisals, Baton Rouge date of death appraisal, baton rouge estate appraisal, baton rouge probate appraisal, baton rouge tax appeal appraisal

Western Livingston Parish has experienced a high “272″ foreclosures with the most by far occuring in the $100K to $149K range, which is some reason for concern as the predominant price range of home sales are in the $140,000 to $170,000 range.

This is a series of Five (5) total articles with accompanying videos posted to “Foreclosure Studies” category. Article One covered entire Greater Baton Rouge Foreclosure Housing Market Trends. Article Two covered East Baton Rouge Foreclosure Housing Market Trends. This is article Three covering Ascension Parish Foreclosure Housing Market Trends. This is article Four covering Western Livingston Parish Foreclosure Housing Market Trends. The last article the Parishes within GBR market and are found within this drop down category on the right side of site.

NOTE: REO is real estate owned or foreclosure. GBR is Greater Baton Rouge and includes EBR, WLIV, ASC and WBR. EBR is East Baton Rouge Parish. ASC is Ascension Parish. WLIV is Western Livingston Parish areas 81,82,83. WBR is West Baton Rouge Parish. See detailed GBRMLS parameters at bottom, which are generally from 06/01/2010 to 11/05/2011, All residential properties.

Preface….We’re In a $170,000+/- housing market and 74% of Foreclosures Are Under $150,000! Various online sources tell us that median sales price in Baton Rouge is $172,750 (Trulia.com). Zillow.com states average listing price as $163,000. Altos Research reports median sales price of $169,035, see their chart below, and chart showing sharp, very obvious and undeniable correction still taking place. GBRMLS reports the average 2011 sales price for ALL homes in EBR, LIV, ASC and OTHER as $192,504 YTD, down from $196,428 for 2010 or -2%. Point is that majority of local housing activity takes place in $172,500 to $192,500 price ranges and that 74% of REO or Foreclosure activity of under $150,000 isn’t absolutely a problem for the majority of market! That’s Right! Currently, 74% of current foreclosure listings inventory is priced below $150,000. And, REO Solds percentages for EBR, ASC, LIV and WBR have been 81%, 57%, 82% and 75% respectively priced under $150,000.

East Baton Rouge Parish, experiencing the most local REO problems with 498 REO home sales under $100K, illustrates how lopsided the results. In EBRP, 61% of the 821 REO Sales here under $100K and concentrated in neighborhoods not necessarily where the majority of EBR residents live. This chart below shows of all current GBRMLS listings, only 9% are REOs and that of that 9%, 38% of those are pending leaving 62% still active. So, out of 4,928 local listings, only 292 are available as REOs.

REO LISTINGS ONLY TOTAL 9% OF GBR LISTING INVENTORY. REO Listings only make up 8% of total listings and 38% of them are pending. Of the total 4,928 total listings, 473 or 9% are REO listings. Of those 473 listings, 181 are pending or 38%, which is good news. Only 62% of REO Listings inventory is available and not pending.

HOW MANY FORECLOSURES SOLD? REO Solds for ALL 4 Parishes total 1320 or 16% of ALL Sales. EBR had 821, ASC 200, WLIV 272 and WBR 27 REO Sales. Yes, while EBR does have the larger percentage of sales, it’s also a vastly larger market than surrounding Parishes.

WLIV REO LISTINGS TOTAL 9% OF WLIV LISTING INVENTORY. REO Listings only make up 9% of total listings and 26% of them are pending or under contract or purchase.

WHAT’S THE SIGNIFICANCE OF THIS STUDY AND REALITY TO GREATER BATON ROUGE HOUSING? The answer is this chart below!

The significance is that whether a local Home Appraiser is appraising or Real Estate Agent is marketing a home in Western Livingston Parish (Denham Springs, Watson, Walker) in Glenwood, Acadiana Place or Woodland Crossing, the GBR REO situation generally does apply to those markets according to chart above. In fact, the chart above shows that the vast majority of homes sold were in the $130,000 to $140,000 range, well below the GBR Area average. The chart above shows that the majority of all home sales take place in the $110,000 to $170,000 range.

CHARTS BELOW. These Charts below illustrate that the majority of WLIV foreclosure sales have taken place under $150,000.

Western Livingston Parish Sold Foreclosures Chart Shows 82% of REO Solds Were Under $150,000.

Western Livingston Parish Foreclosure Pending Listings As Percent Of Total Listings Is 26%

Western Livingston Parish Sold Foreclosures Chart Shows 17% of All Solds Were REOs.

Western Livingston Parish Foreclosure Listings As Percent Of Total Listings Is 9%.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of June 1, 2010 to November 5, 2011. This information was extracted on 11/05/2011.

Denham Springs Real Estate Video News

Why Baton Rouge Housing Reports?

Because a home is the largest, most important investment most locals make in their lifetimes. Because of the importance of getting this decision right, housing market facts, trends and analysis are provided to help locals execute competent, informed home purchase or home selling decisions.

There’s a new Premier web video resource in Baton Rouge with a residential focus: Baton Rouge Housing Reports Dot Com. This site offers the good news in our market as well as the on-going correction, tips on what improvements really add value, local REALTOR® video update of the month, local real estate expert interviews, local remodeler’s tips, trends videos, monthly and quarterly reports, Top 150 Subivisions trends, current housing charts and stats, gbrmls stats, local NAR stats, special investigative series and a long list of local online resources. Visit Us for the scoop on local housing.

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Keywords: Denham Springs, Livingston Parish, Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, Baton Rouge Home Appraiser, Baton Rouge Home Appraisal

Directions: Take LA Hwy 16 to Lockhart Rd, make a right onto Lockhart Rd and then a left onto Dunn Rd. Neighborhood will be on right.

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From September 2010 to September 2011, the median sold price is up by 9% (but only based on “1″ sale in September 2011 and GBRMLS stats contradict this trend big time).

Recap of 2008 through 2011 YTD Woodland Crossing Housing Numbers:

So, from 2008 to 2011, median sales prices have ranged from $156,000, $147,000, $149,000 down to $140,000 in 2011, rounded to nearest 1000. Sold price per sq. ft. continues to decline from $92/sf in 2010 down to only $84/sf in 2011 rounded. 2011 represent 39 sales and only represent three quarters of housing sales numbers, not an entire year.

Solds In Woodland Crossing from 1/1/2011 to 10/12/2011 revealed:
Average Sales Price: $141,803
Average Sold Price Per Sq. Ft.: $80.00
Median Sold Price: $139,900
Number of Sales: 42
Average Days On Market: 109
Low To High: $98,900 to $179,500
Number of Sold REO/Foreclosures Noted In MLS: 7

NOTE: The Median Sales Price Decline from 2010 to 2011 is -6.2%.

From September 2010 to September 2011, the number of sold properties has not changed.

From September 2010 to September 2011, the average months supply of inventory is up 36%.

From September 2010 to September 2011, the number of for sale properties is down 53% and the number of sold properties has not changed.

From September 2010 to September 2011, the Average Days On Market Increased by 39%.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2008 to 10/12/2011. This information was extracted on 10/12/2011.

Since the Federal Tax Credit Expiration in May 2010, the number of home sales in Greater Baton Rouge has continued to decline. This is also the case with the Denham Springs market as well as in Rolling Meadow Subdivision, with only 2 home sale2 in the first 5 months of 2011 (as of 5/28/2011).

Entrance

Homes In Rolling Meadow Subdivision

A Pat Wattam Listing @ 24537 Fairweather Drive

A Tracy Wempren Listing @ 12237 Bell Meadow

A Foreclosure @ 12270 Bell Meadow

A Darren James Listing @ 12203 Sundown Drive

HIGHLY MOTIVATED SELLER Based on $122,500 Listing Price

Juban Parc Junior High School Adjacent To Rolling Meadow Subdivsion

A recent analysis of Rolling Meadow Subdivision revealed this interesting finding. From 2008 to 2011, the median sales price has continued to remained in flux. From 2008 to 2011, the median sales prices have varied from $155,750, $157,500, $139,900 and in 2011 it’s currently $161,450 BUT based only on 2 sales at $109/sf average. However, one of the 2011 sales was extremely high, $173,000 for only 1,487sf located with lake view, newer roof, several extras plus $4,000 in seller paid concessions. So, this 1 sale does skew the numbers upward a bit. The other 2011 sale was a more normal $149,900 for $1,483sf or $101/sf and was not a distressed sale. The Chart Below presents a history of sales.

CURRENT LISTINGS. There are 5 current listings from $122,500 to $168,900 with ALL 5 active, none pending. The Average Listing Price per sq. ft. is $104.27/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 28, 2011. This information was extracted on 5/28/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

ABOUT DENHAM SPRINGS LOUISIANA HOME APPRAISERS:

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/

This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.

A recent home appraisal in and analysis of Plantation Park revealed this interesting finding. From 2009 through 2011 Year-To-Date, the median sales price declined from $110,000 to $95,500 to $82,125 based on 2 sales into 2011. Again, this is only based on 2 sales in the first 4.5 months of 2011. However, in 2009 and 2010, there were 9 total sales in each year. With only two (2) sales into 2011, it appears home sales are slowing.

FORECLOSURES. One statement I made in my report was this, “YES, REOs are a factor in this market as Plantation Park Subdivision has a history of REO Activity. According to GBRMLS, there have been “4″ REOs in Plantation Park since 1/2010. AND, there are 4 REOs currently listed in there.”

THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Stair Step Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction! And, so does the chart below it showing a major correction.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to May 18, 2011. This information was extracted on 5/18/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

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/

Livingston Trace is a local DR Horton development that has a history of the homes selling predominantly higher in price than some other competing developments, such as South Point, Woodland Crossing and Westminister Estates. It appears to be a newer and much smaller development with one entrance and the development and homes are well maintained.

2011 Shows Some Strength and Some Weakness!

A recent home appraisal in and analysis of Livingston Trace Subdivision revealed thes interesting findings.

2011. In 2011, there haven’t been any GBRMLS home sales reported. There are 10 active MLS listings and 3 FSBOBR.com listings for a total of 13 listings. The 10 MLS listings are from $145,000 up to $175,900. THIS IS VERY IMPORTANT. Of the 10 Listings, 6 have an Average Active Listing Price of $157,017 or $100.48/sf while 4 have an Average Pending Price of $165,450 or $87.31/sf. The 3 FSBOBR.com listings are listed from $145,000, $175,000 and $195,000. Remember that above we stated the four pendings average $87.31/sf? Well, the Average Sold Price in 2010 was $93.57/sf. $93.57/sf minus $87.31/sf is a decline of -$6.26/sf. We don’t know

2010. The MLS Chart below shows no 2011 sales and 6 2010 sales with a Median Sales Price of $176,200. However, the last MLS sale in 2010 took place on 5/28/2010, almost 1 year ago. With 13 total listings in 5/2011 and only 4 of them pending, it’s safe to assume that prices have declined as demand for housing has decreased. See the SMART chart below for proof of these statements.

The SMART MLS Analysis of the “Sub-Market” or those homes in MLS comparable to a 1,998sf comparable home did show a -7.6% DECLINE since May 2010, which is somewhat contradicatory to the above MLS trends chart. This decline is due to some foreclosures taking place in the comparable South Point, Woodland Crossing, Westminister Place and Forest Ridge Subdivisions. It will be interesting to see at what prices these four pending homes sell for in Livingston Trace. The current Listing-To-Sales-Price-Ratio in this study was 96%, down from 100% and 99% in months past.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 5, 2011. This information was extracted on 5/5/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

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/

ASCENSION PARISH

SOLDS:

5 from $67,000 to $229,900, Average Sales Prices $168,180 or $99.98/sf, Median Sales Price $185,000, Average Days On Market 41.
LISTINGS:

Currently Actives Total: 744 $234,268 Average Listing Price and Median Price $198,200.
Currently Pending: 246 $194,128 Average Listing Price and Median Price $174,975.
New Listings: 40 With Average Listing Price of $195,992, Median Listing Price of $169,900
Pending Listings: 39 With Average Listing Price of $202,851, Median Listing Price of $189,000
Withdrawn Listings: 13 With Average Listing Price of $259,753, Median Listing Price of $224,900
Expired Listings: 7 With Average Listing Price of $155,673, Median Listing Price of $129,000

EAST BATON ROUGE PARISH

SOLDS:
42 from $21,900 to $575,000, Average Sales Prices $222,343 or $102.28/sf, Median Sales Price $187,000, Average Days On Market 123.

LISTINGS:
Currently Actives Total: 2695 $247,876 Average Listing Price and Median Price $176,900.
Currently Pending: 613 $209,906 Average Listing Price and Median Price $167,900.
New Listings: 133 With Average Listing Price of $220,158, Median Listing Price of $175,000
Pending Listings: 102 With Average Listing Price of $203,939, Median Listing Price of $169,450
Withdrawn Listings: 18 Average Listing Price $184,066, Median Listing Price of $142,500
Expired Listings: 23 With Average Listing Price of $468,832, Median Listing Price of $214,900

WESTERN LIVINGSTON PARISH

SOLDS:
19 from $22,500 to $448,000, Average Sales Prices $124,242 or $74.59/sf, Median Sales Price $89,000, Average Days On Market 74.

LISTINGS:
Currently Actives Total: 778 $193,809 Average Listing Price and Median Price $159,900.
Currently Pendings: 171 $151,976 Average Listing Price and Median Price $148,000.
New Listings: 37 With Average Listing Price of $186,735, Median Listing Price of $153,900
Pending Listings: 21 With Average Listing Price of $159,738, Median Listing Price of $146,900
Withdrawn Listings: 15 Average Listing Price $162,826, Median Listing Price of $147,500
Expired Listings: 17 With Average Listing Price of $170,894, Median Listing Price of $167,900

WEST BATON ROUGE PARISH

SOLDS:
1 for $179,700 or $127/sf, Median Sales Price $179,700, Average Days On Market 267.

LISTINGS:
Currently Actives Total: 109 $196,436 Average Listing Price and Median Price $186,300.
Currently Pending: 21 $186,897 Average Listing Price and Median Price $185,900.
New Listings: 3 Average Listing Price of $204,900, Median Listing Price of $134,900
Pending Listings: 2 Average Listing Price of $175,900, Median Listing Price of $175,900
Withdrawn Listings: 1 Average Listing Price $49,900, Median Listing Price of $49,900
Expired Listings: 1 With Average Listing Price of $195,000, Median Listing Price of $195,000

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April, 16, 2011 to April 22, 2011. This information was extracted on 04/23/2011.

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/