http://www.batonrougerealestatetrends.net/ – Baton Rouge MLS Area 42 Hovers Around 10% Foreclosure Rate Since October 2008 for the parameters below.
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.
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.
Data was used with the permission of the GBRAR MLS. Search dates were as stated above and extracted on 10/11/2010.