Zachary Louisiana Real Estate News » Zachary Louisiana Realtors

Greater Baton Rouge Real Estate Elevated Photography Services Now Available

Zachary Louisiana Real Estate — Mon, 01 Aug 2011 21:44:19 +0000

http://www.batonrougelistingsservices.com/ – Greater Baton Rouge Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Tags: pap, pole aerial photography, pole photography, baton rouge, baton rouge real estate, baton rouge homes, Baton Rouge Real Estate, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, baton rouge real estate elevated photos

Zachary LA Home Appraisers: Zachary Hills Subdivision 2011 Update

Zachary Louisiana Real Estate — Sat, 28 May 2011 03:45:52 +0000

http://www.zacharylouisianarealestate.info/ – Zachary LA Home Appraisers: Zachary Hills Estates Subdivision 2011 Update. Zachary Hills is built up with a variety of both older 16-20 to 21-30 year old homes as well as newer homes in the 1 to 10 year old range, which creates a wider gap in the up and downs of home price trends charting. I said that to say that the ups and downs on the chart may not be as wide if the same age homes were compared.

Since the Federal Tax Credit Expiration in May 2010, the number of home sales in Greater Baton Rouge has continued to decline. Zachary Hills Subdivision, with only 1 home sale in the first 5 months of 2011 (as of 5/27/2011), appears to be experiencing this same trend of lower number of home sales.

A recent analysis of and home appraisal in Zachary Hills Estates 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 $185,500, $193,500, $186,900 and in 2011 it’s currently $159,900 BUT based only on 1 sale at $91/sf of an older 21-30 year old home. The chart below has not yet been updated to reflect this 2011 sale.

CURRENT LISTINGS. There are 3 current listings from $170,900, $180,000 to $199,900 with 2 active and 1 pending or under contract. The Average Listing Price per sq. ft. is $99/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 27, 2011. This information was extracted on 5/27/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

ABOUT ZACHARY 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/

Zachary LA Home Appraiser Housing Update: 2008-2011 Pointe South

Zachary Louisiana Real Estate — Tue, 17 May 2011 11:46:53 +0000

http://www.zacharylouisianarealestate.info/ – Zachary LA Market Metrics: 2008-2011 Pointe South Homes Sales Report. I recently completed an appraisal an an 1,800sf 5 year sold home in Pointe South Subdivision and made these discoveries. The Pointe South market itself is generally performing better than competing home sales in Zachary as a whole.

For Example, the GBRMLS Chart for Pointe South itself below shows a continuing upward direction for Median Sales Prices. This MLS chart for Pointe South shows the 4 solds in 2011 have increased the Median Sales Price to $259,450, a substantial increase over 2007, 2008, 2009 and 2010 when the Median Sales Prices were $234,000, $230,000 and $248,000. However, the second MLS chart below shows All competing solds since 6/2008 and a correction downward since 5/2010. Because Pointe South itself is performing well, no declining markets adjustments were applied.

The Chart below shows a correction since May 2010 for competing homes in general.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 16, 2011. This information was extracted on 5/16/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

AUTHOR’S BIO:

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).

Zachary La Real Estate: Success of Windsor Place Creates Demand For Second Filing

Zachary Louisiana Real Estate — Mon, 28 Mar 2011 11:49:37 +0000

http://www.zacharylouisianarealestate.info/ – Zachary La Real Estate Minute: Windsor Place Subdivision 2010-2011 Report. With a marketing time period or average days on the market of only 31 in 2010 and 39 in 2011, clearly the market wants more of this housing! Since 6/1/2010 in Zachary and excluding Windsor Place home sales, the average days on market has been 140 days for other builders!

Metra Area Home Builder, DSLD Homes, has found a sweet spot in the Zachary market! In approximately one year, DSLD has filled up the first filing with new homes…new homes the market likes and wants at affordable pricing! This is the same company, or partners, that purchased approximately $10,000,000 in lots in Ascension Parish in the past two years! DSLD is meeting a need in the Greater Baton Rouge housing market by building larger homes locals can afford!

Here’s My Video Posted On March 28, 2010, 1 Year To The Day!

Here’s My Video Posted On 3/27/2011 of Windsor Place

Total # 2010 Sales: 18
Average Sales Price: $189,548
Median Sales Price: $187,000
Average Sold Price: $97.22/sf
Average Days On Market: 31

Total # 2011 Sales Year-To-Date: 15
Average Sales Price: $194,120
Median Sales Price: $190,300
Average Sold Price: $94.13/sf
Average Days On Market: 39

That is $178,500 to $202,000 or $90/sf to $107/sf for homes in the 1,692sf to 2,241sf size range. And, it appears there is such demand for these specific homes that that 2nd filing has been cleared for more new homes in Windsor Place. Right now, no where else in the Zachary La housing market is this success taking place. Marshall Bond development is the closest runner up.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS® \MLS for the period of January 1, 2010 to March 25, 2011. This information was extracted on 03/25/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart!

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).

Appraisers In Zachary Louisiana 70791: Lake Pointe Subdivision 2010 Update

Zachary Louisiana Real Estate — Sat, 04 Dec 2010 09:28:33 +0000

http://www.zacharylouisianarealestate.info/ – Appraisers In Zachary Louisiana 70791: Lake Pointe Subdivision 2010 Update. There’s ups and downs to report for this higher end market!

Entrance Image Source: http://lakepointezachary.com/

Solds In Lake Pointe from 1/2010 to 12/03/2010 revealed:
Average Sales Price: $271,400 ($257,700 in 2009 =’s +$5.3%)
Average Sold Price Sq. Ft.: $121/sf ($117.44/sf in 2009 =’s +3%)
Median Sold Price: $252,000 ($265,000 in 2009 =’s -4.9% Decline)
Number of Sales: 5 (5 in 2009)
Average Number of Days On Market: 158 (129 in 2009)
Low To High: $236,000 to $360,000 ($204,000 to $330,000 in 2009)
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, 0 Are Foreclosures
Current Listings Prices: $279,900

WHY WE RELY ON MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?

Median Sales Price is the barometer by which the National Association of Realtors utilizes to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower “sub-market” parameters for comp search. This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 3, 2010. This information was extracted on 12/03/2010.

Tags: Baton Rouge Housing, Baton Rouge Housing Market, Baton Rouge Real Estate, Baton Rouge Real Estate Housing, East Baton Rouge, Greater Baton Rouge, Zachary La, Zachary Louisiana, Lake Pointe, 70791

Will Half Of Zachary Louisiana Homebuyers Who Claimed 2009 Tax Credit Have To Repay The Government?

Zachary Louisiana Real Estate — Thu, 09 Sep 2010 23:37:33 +0000

http://www.zacharylouisianarealestate.info/ – Will Half Of Zachary Louisiana Homebuyers Who Claimed 2009 Tax Credit Have To Repay The Government?

There’s a new report out by CNNMoney.com and eCreditDaily.com that says 950,000 Taxpayers Must Repay Homebuyer Tax Credit according to the U.S. Treasury. Read the entire articles at the links above. Buzz is providing a few snippets below.

CNNMoney.com states, “Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government. According to a report from the Inspector General for Tax Administration, released to the public Thursday, about 950,000 of the nearly 1.8 million Americans who claimed the tax credit on their 2009 tax returns will have to return the money. The confusion comes because homebuyers were eligible for two different credits, depending on when their homes were purchased. Those who bought properties during 2008 were to deduct, dollar for dollar, up to 10% of the home’s purchase price or $7,500, whichever was less. The catch: The money was a no-interest loan that had to be repaid within 15 years. Had they waited to buy until 2009, they could have gotten a much sweeter deal. Congress extended the credit and made it a refund rather than a loan.”

eCreditDaily.com states, “Nearly 1.8 million taxpayers claimed a total of almost $12.5 billion under the popular first-time homebuyer tax credit program, but more than 950,000 taxpayers will be required to repay the credits because their homes were purchased in 2008, according to a U.S. Treasury report released today. And many more may have to repay the credits “if the homes cease to be the primary residences of the taxpayers within 36 months,” according to the report released by the U.S. Treasury Inspector General for Tax Administration (TIGTA). TIGTA said the Internal Revenue Service is improving its methodology to more precisely determine how many have to repay the tax credits. Nonetheless, the announcement will come as a shock to taxpayers who purchased homes to take advantage of a program meant to revitalize the depressed housing market.
The Housing and Economic Recovery Act of 2008 created a new “First-Time Homebuyer Credit” equal to 10 percent of the purchase price of the home, limited to a maximum amount of $7,500. But that original credit served as an interest-free loan that must be repaid over a 15-year period. The following year, the homebuyer tax credit program was expanded and converted into a full credit that does not have to be repaid.”

To view the Treaury report, go to: http://www.ustreas.gov/tigta/auditreports/2010reports/201041086fr.pdf.

Image Source: http://ecreditdaily.com/

Tags: Homebuyer Tax Credit, Mortgages

Have Baton Rouge Home Buyers Closing Costs Increased by 37% Since 2009?

Zachary Louisiana Real Estate — Wed, 18 Aug 2010 08:20:00 +0000

http://www.batonrougerealestatebuzz.com/ - Have Baton Rouge Home Buyers Closing Costs Increased by 37% Since 2009?

The “Guys” at TBWS (Think Big Work Small) and Housing Wire reports on the increase in closing cost.

Have Baton Rouge homeowners paying more in 2010 than they did in 2009? What do you think? Please Leave a comment below!

Baton Rouge Real Estate Buzz Video Update For July 2010

Zachary Louisiana Real Estate — Wed, 04 Aug 2010 11:03:29 +0000

http://www.batonrougerealestatebuzz.com/ - Baton Rouge Real Estate Buzz: Video Update For July 2010.

Local Real Estate Agent and Broker, Tony Zito, delivers the July 2010 Real Estate Update. http://www.tonyzito.com/

Tags: baton rouge, baton rouge real estate, real estate baton rouge, baton rouge july 2010 update, baton rouge homes, baton rouge houses, baton rouge homes for sale, baton rouge fsbo, baton rouge for sale by owner, baton rouge video listings, baton rouge home video listings

Zachary Louisiana Home Appraisers: Castle Place Mid Year 2010 Housing Report

Zachary Louisiana Real Estate — Tue, 06 Jul 2010 10:48:55 +0000

http://www.zacharylouisianarealestate.info/ – Zachary Louisiana Home Appraisers: Castle Place Mid Year 2010 Housing Report

Castle Place was developed in the mid to late 1980s with a few homes built. New home construction resumed in approximately 2004-2005 with two quality levels: modular home construction (mostly in the rear section) and conventional home construction. There are still a significant amount of vacant lots in this development with some foreclosure activity noted in Legal News.

Solds In Castle Place from 1/2009 to 7/6/2010 revealed:
Average Sales Price: $138,683
Average Sold Price Per Sq. Ft.: $99/sf
Median Sold Price: $145,700
Number of Sales: 12
Low To High: $92,000 to $155,000
Number of Sold REO/Foreclosures Noted In MLS: 1
Current # Listings: 3, 2 Are Foreclosures
Current Listings Prices: $119,900 To $171,900

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 18 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, Cell: 225-953-0638

Fax: 1-866-663-6065

info@accuratevg.com

http://www.accuratevg.com/

Data Used With Permission of the GBRAR MLS. Data was extracted on 7/6/2010 from periods 1/1/2009 through 7/6/2010.

Baton Rouge Real Estate Video: This Month In Real Estate U.S. July 2010

Zachary Louisiana Real Estate — Mon, 05 Jul 2010 07:20:46 +0000

http://www.batonrougerealestatebuzz.com/ – Baton Rouge Real Estate Video: Keller Williams Reports On This Month In Real Estate U.S. July 2010