Baton Rouge Real Estate Foreclosure Rate For Area 42 Approximately 10%

http://www.batonrougerealestatetrends.net/ – Baton Rouge MLS Area 42 Hovers Around 10% Foreclosure Rate Since October 2008 for the parameters below. 

Baton Rouge Real Estate Foreclosure Rate For Area 42 Approximately 10%

 

I recently performed an appraisal of a 1875sf living area home built in 1979 within MLS Area 42.  As part of the appraisal and in order to complete the Fannie Mae 1004 MC section regarding REO Foreclosures history, the following chart below was created. 

Baton Rouge Real Estate Foreclosure Rate For Area 42 Approximately 10%

 

Based on GBRMLS in MLS Area 42 from 10/09/2008 to 10/09/2010, from 1700sf to 2050sf, $80,000 to $185,000, 3 to 4 bedrooms from 16-20 to 41-50 years, MLS revealed that 12 or 9.83% of the 122 total sales were foreclosure sales.  For this appraisal, there were also “4” competing REO or foreclosure MLS listings as well. 

Baton Rouge Real Estate Foreclosure Rate For Area 42 Approximately 10%

Data was used with the permission of the GBRAR MLS.  Search dates were as stated above and extracted on 10/11/2010.

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500