William D. Cobb

http://batonrougefhaappraisers.com/ - Baton Rouge Real Estate: Springlake At Bluebonnet Highlands Housing Market Update

Springlake Market Direction: Up, Down or Stable? I made a recent study of Springlake and made this discovery below.

Solds In Springlake from 11/20/06 to 11/20/07 revealed:
Average Sales Price: $220,975
Average Sold Price Per Sq. Ft.: $133.11/sf
Median Sold Price: $220,900
Low Sales Price: $195,000
High Sales Price: $244,900
# of Sales: 61
Average # of Days On Market: 39

Solds In Springlake from 11/20/07 to 11/20/08 reveal:
Average Sales Price: $222,186
Average Sold Price Per Sq. Ft.: $136.13/sf
Median Sold Price: $220,000
Low Sales Price: $195,000
High Sales Price: $250,000
Average # of Days On Market: 41
# of Sales: 50

Overall within Springlake, the market direction appears to be stable. While the average sales price has increased by +$1,211, the median sales price decreased by -$900. But, the average sold price per sq. ft. increased +$3.02/sf. Considering the recent "The Advocate" newspaper stating a decline in Baton Rouge Home Prices, this decline doesn't appear to apply to Springlake At Bluebonnet.

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 16 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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://findfhaappraisersbatonrouge.com/

http://batonrougerealestateappraisers.com/ - Baton Rouge Real Estate News: Brandon Hollow Housing Update

Market Direction: Up or Down For Brandon Hollow 70809?

Solds In Brandon Hollow from 11/07/2006 to 11/07/2007 revealed:
The Average Sales Price: $125,075
The Average Sold Price Per Sq. Ft.: $109.92/sf
The Median Sold Price: $124,900
Low Sales Price: $119,000
High Sales Price: $140,900
# of Sales: 8

Solds In Brandon Hollow from 11/07/2007 to 11/07/2008 revealed:
The Average Sales Price: $132,333
The Average Sold Price Per Sq. Ft.: $115.28/sf
The Median Sold Price: $131,750
Low Sales Price: $124,500
High Sales Price: $141,000
# of Sales: 6

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Brandon Hollow Townhomes and Condos, the market direction appears to be increasing. Between these 2 periods, the average sales price increased by +$7,258, average sold price per sq. ft. +$5.36/sf and median sales price increased +$6,850.

Brandon Hollow data presented with the permission of the GBRAR.

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 16 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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougehomeappraisals.com

http://findfhaappraisersbatonrouge.com/ - Baton Rouge Real Estate News: Land O' Lakes Housing Market Activity

Land O' Lakes Subdivision has a very strong FSBO (For Sale By Owner) Presence.

According to MLS, Turn-over In Land O Lakes S/D has been relatively low. There were no MLS sales in 2007 and only 2 so far in 2008. Land O Lakes has a total of 56 lots and is improved with a variety of 41-50 year old housing styles and sizes from approx. 1,000sf up to 2,232sf, a 1,232sf variance.

However, my study of Legal News reports 10 total sales from 1/1/2007 to 10/29/2008, ranging in prices from $71,000 up to $261,000 and only 2 of these 10 sales were sales listed by Realtors in the MLS system. It appears that 80% of sales in Land O Lakes S/D were FSBO.

Solds In Land O Lakes from 01/01/2008 to 11/15/2008 reveal:
Average Sales Price: $139,250
Average Sold Price Per Sq. Ft.: $115.95
Median Sold Price: $139,250
Low Sales Price: $131,500
High Sales Price: $147,000
Average # of Days On Market: 9
# of Sales: 2
Listing Price To Sales Price Ratio: 100.00%

NOTE: However, there are 2 Active MLS Listings In Land O Lakes for $174,500 for 2232sf listed 9/8/2008 and $249,900 for 2,200sf listed 10/27/2008. There are also 2 current FSBO listings on www.fsbobr.com for $254,000 for 2120sf and $169,900 for 1605sf. So, obviously, the average sales price is higher than just $139,250. The average of all 2007/2008 sales prices was $145,537. The median sales price in same period was $133,650. However, this was a time period when generally the smaller homes were selling. Due to convenient location, the two (2) 2008 sales in Land O Lakes sold in under 15 days.

http://findfhaappraisersbatonrouge.com/ - Baton Rouge Real Estate Housing News: Greenbriar Hollow 2008 Update

Are Home Values within Greenbriar Hollow Subdivision Increasing, Decreasing, or Holding Steady?

Solds In Greenbriar Hollow from 11/15/07 to 11/15/08 reveal:
Average Sales Price: $200,100
Average Sold Price Per Sq. Ft.: $122.15/sf
Median Sold Price: $210,000
Low Sales Price: $176,000
High Sales Price: $215,500
# of Sales: 5
Average # of Days On Market: 80

Solds In Greenbriar Hollow from 11/15/06 to 11/15/07 reveal:
Average Sales Price: $185,880
Average Sold Price Per Sq. Ft.: $114.73/sf
Median Sold Price: $182,000
Low Sales Price: $157,277
High Sales Price: $214,500
Average # of Days On Market: 71
# of Sales: 6

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Greenbriar Hollow, the market direction appears to be increasing. However, there are 2 sections of Greenbriar Hollow S/D, the older (with homes in the 15-20 yr old range) and newer section (homes in the 5 to 12 yr old range). In the first period between 11/06 to 11/07, there were more of the older homes sold. In the more recent period, from 11/07 to 11/08, there were more
homes sold in the newer section with higher sold prices per sq. ft. So, Yes, the average sales price, median sales price and sold price per sq. ft. all have risen during the past year. However, if one wants to know specifically how much of an increase, one has to divide the both sections and study them independently. The 15-20 yr old homes aren't selling for as much as the newer homes in Greenbriar Hollow.

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 16 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

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.batonrougehomeappraisals.com

http://www.southpointappraiser.com/ - Denham Springs Real Estate News: South Point Subdivision 2008 Solds Update With Charts

Below is 2 recent charts I completed reporting on the 2008 solds within South Point Subdivision Year To Date. According to the GBRAR MLS, there have been 36 sales in 2008 YTD, with one being an REO/Foreclosure sale. This REO was left out of the charting below. South Point data is presented with the permission of GBRAR.

The first chart shows the relationship between sales prices and living area sizes. The living area size are at the bottom of the first chart.

The second chart shows the relationship between sold prices per sq. ft. and living area sizes. The sold prices per sq. ft. are at the bottom of the second chart.

Also, Here's a Recent South Point Homeowner's Assocation Update:

"In response to a request/suggestion made by a homeowner that attendance at the annual meeting would increase if the meeting was held on a weekend in lieu of a weekend evening, we are proposing that the 2009 Annual Meeting be scheduled for Saturday, January 10, 2009, at 10:00 - 11:00 a.m. Research is currently underway as to whether there are any major sports events on that date/time which may cause an attendance conflict for many homeowners. We would greatly appreciate everyone's feedback as to whether a weekend meeting is preferable. Please email your response indicating whether you prefer to attend a Saturday mid-morning meeting.

Please note: effective with the 2009 year (Bylaws, Amendment No. 8, Art. 4), the Board of Directors will be comprised of five members. Three of the current Board members will be retiring after serving their three year term. Therefore, two vacancies are open for election in 2009. If you are interested, please complete the attached Candidacy Notice. This form should be returned by the January 7, 2009 deadline in order that all nominees are included on the agenda and ballots. Should the date of January 10, 2009 change, the deadline date to return the Candidacy Notice will be changed accordingly. Please limit your response to this email with the question poised above. Emails on other concerns or subjects should be sent separately. Your cooperation is appreciated! Board of Directors
South Point Homeowner's Association, Inc.
P. O. Box 1496
Denham Springs, LA 70727-1496
225-610-9578
www.southpointsubdivision.com "