Ascension Parish Home Appraiser Charting Of Declining Housing Market 2008-2011
http://www.ascensionrealestateappraisers.com/ – Ascension Parish Home Appraiser Shows Proof Of Declining Housing Market
The QUICK Audio Version!
Asc4172011.mp3
The VIDEO Version!
In this video, homes located in Zip Codes 70769 and 70737in the 1850sf to 2335sf range, within approximately 6-10 to 16-20 years old range sold since June 2008, plus current competing listings are examined.
NOTE: This is known as a sub-market analysis of those homes that would compete with a 2,000sf home built in 2003, not a whole housing market analysis. This appraiser is not stating that the entire Ascension market is declining in all price ranges.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS/MLS for the period of June 1, 2008 to April 8, 2011. This information was extracted on 04/08/2011.
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/
Related posts:
- Ascension Parish Home Appraisal Blog: Manchac Harbor Subdivision 2010 Update
- Ascension Parish Home Sales 2011 Report, Largest Decline In Area Home Sales
- Residential Building Permits Charting For Ascension Parish 2000 – 2010 Year To Date
- FHA Appraiser Study Shows East Baton Rouge Parish With 16% REO Rate In 2008, 11.7% REO Inventory
- Ascension Parish Real Estate: Is Ascension Trace Subdivision Market Direction Up or Down?
Tagged as: Ascension Appraisers · Ascension FHA Appraisers · Ascension Home Appraisers · Ascension Parish Homes For Sale · Ascension Parish Real Estate · Ascension Parish Realtors · Ascension Real Estate Appraisers · Ascension Realtor Homes · Dutchtown La · Geismar La · Gonzales La · Prairieville La · Saint Amant La
About the Author
The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 20 years experience as a residential appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions!
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[...] This development has puzzled me for several years as to how it climbed so high in home prices after Hurricane Katrina for these smaller homes. The Median Sales Prices from 2005 to 2010 climbed and then rightfully so corrected from $167,000, $186,000, $191,000, $195,250, $193,500, $180,000 and now one (1) distressed sale in 2011 for $155,000. It would appear that the $193,500 to $195,000 price range is high for Les Chenier, or about $117/sf. I’m just not sure that over $117/sf is really sustainable for Les Chenier interior lots (those homes not fronting McCrory Rd 1). And, I just posted a video report about the housing price corrections taking place in in this immediate market here: Ascension Parish Home Appraiser Charting Of Declining Housing Market 2008-2011 [...]
[...] This development has puzzled me for several years as to how it climbed so high in home prices after Hurricane Katrina for these smaller homes. The Median Sales Prices from 2005 to 2010 climbed and then rightfully so corrected from $167,000, $186,000, $191,000, $195,250, $193,500, $180,000 and now one (1) distressed sale in 2011 for $155,000. It would appear that the $193,500 to $195,000 price range is high for Les Chenier, or about $117/sf. I’m just not sure that over $117/sf is really sustainable for Les Chenier interior lots (those homes not fronting McCrory Rd 1). And, I just posted a video report about the housing price corrections taking place in in this immediate market here: Ascension Parish Home Appraiser Charting Of Declining Housing Market 2008-2011 [...]
[...] This development has puzzled me for several years as to how it climbed so high in home prices after Hurricane Katrina for these smaller homes. The Median Sales Prices from 2005 to 2010 climbed and then rightfully so corrected from $167,000, $186,000, $191,000, $195,250, $193,500, $180,000 and now one (1) distressed sale in 2011 for $155,000. It would appear that the $193,500 to $195,000 price range is high for Les Chenier, or about $117/sf. I’m just not sure that over $117/sf is really sustainable for Les Chenier interior lots (those homes not fronting McCrory Rd 1). And, I just posted a video report about the housing price corrections taking place in in this immediate market here: Ascension Parish Home Appraiser Charting Of Declining Housing Market 2008-2011 [...]