Kenilworth Subdivision (Baton Rouge, LA)
Kenilworth Subdivision (Baton Rouge, LA) Real Estate News
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YouTube Video Tour: Kenilworth Subdivision Baton Rouge Plus March 2012 Update
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

http://www.scoop.it/t/baton-rouge-real-estate-news/ - Kenilworth Subdivision March 2012 Update, Baton Rouge Real Estate Housing. 2012 Average and Median Sales Prices and Price per Sq. Ft. appear to have risen, but only based on 2 sales.

Reason for increase?  1625 Leycester Dr sold for $294,300 or $89/sf and was an exceptionally large 3,296sf on a very large dead-end lot. This sale was the exceptoin for Kenilworth where the average home ranges in the 2,100sf to 2,200sf.  This higher $294,300 helped raise Average and Median.

1523 Leycester Drive was a total rehab, 2148sf, 3 bedroom and really overimproved for this market with extravagent slab granite in Kitchen and all bathrooms, specialty plumbing figures and more. It sold for an unusually high $112/sf and took 231 days on the market to sell.  It was originally priced at $299,900 as the quality of construction upgrades were equal to some of the high-end subdivisions along Highland Road. 

QUESTION IS: HOW DID THE MARKET (BUYERS) TREAT THIS OVERIMPROVEMENT?  The average sold price in 2011 was $100/sf and below, 1335 Louray Dr sold for $109/sf.  So, yes, the market did pay a little extra for this extravagant rehap and quality upgrade. BUT, the investor didn't appear to make a profit because they paid $204,000 for this home in 4/2011, then paid for rehab and then paid the Real Estate Agent's Commission (if 6% then $14,460 selling cost).

Also, not reported on the chart below was a sale in Kenilworth East on Louray Drive for $207,000 for 1,896sf or $109/sf.


FOR THE YOUTUBE THURSDAYS GROUP ON ACTIVE RAIN:

This specific YouTube Video was taken with my Kodak Zi8, wide angle lens and Delkin Fat Gecko Gator Mount for Cameras with 1/4" Tripod Mount, 360 degrees Tilt, Turn & Rotation - Holds up to 3 lbs. and edited via http://www.magisto.com/ . Pictured below is this setup with my Flip HD Mino.  My Magisto review is here: 

Hate Real Estate Video Editing? Magisto Beautifully Edits Your Real Video Clips! 

 



 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to March 22, 2012. This information was extracted on 03/22/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!


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Baton Rouge Market Metrics: Kenilworth Subd 2011 Update
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

http://www.batonrougemarketmetrics.com/ - Baton Rouge Market Metrics: Kenilworth Subd 2011 Update.  Is this market Increasing, Declining or Remaining Steady?  Since the Federal Tax Credit Expiration in May 2010, the number of home sales has declined considerably.  For instance, in 2008, there were 22 MLS sales in Kenilworth versus 8 so far in 2011.

 

 

This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for "some" local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market!  Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.

 

 

 

A study of the Kenilworth home sales revealed this interesting finding.  From 2008 to 2011, the median sales price fluctuated from $212,500, $207,500, $247,000 to $220,750 based on current 5/15/2011 MLS figures (meaning the chart below has not been updated to reflect total 8 sales).  2011 at $220,750 is below 2010's $247,000, but above 2008 and 2009. Again, this is only based on 8 sales in the first 4.5 months of 2011.  In 2010, there were 13 total sales.  

 

 

The Chart below shows a considerable correction since May 2010 for ALL Kenilworth home sales since 2005.

 

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 15, 2011. This information was extracted on 5/15/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

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/

 

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Baton Rouge, LA: Keninworth Subdivision Market Report
Don Stern, Greater Baton Rouge Real Estate (Realty Executives South Louisiana)

East Baton Rouge Parish Real Estate Market Report - Kenilworth Subdivision

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database on August 18, 2010. The data are presumed accurate but are not warranted.

I have been working with some clients who are considering moving from the Kenilworth subdivision to a more rural area. I extracted historical sales data as well as data for currently active listings to give them some idea of what their current home might ultimately sell for and how the competition in their subdivision is currently priced. The following chart looks at the history of the selling price per square foot of living area over time and how current listings are priced.

Baton Rouge Real Estate Market

We can see that recent sales have varied more than $40/sq.ft. from a bit less than $80/sq.ft. to a bit more than $120/sq.ft. There are currently four active listings in the subdivision. Three of the listings are priced between $103.75/sq.ft. and $109.76/sq.ft. and one is price at $88.88/sq.ft. Further investigation revealed that this home is part of an estate and there were no inside photos so one might suspect the condition of the interior.

The next chart shows that the average selling price in 2010 was $98.51/sq.ft., a drop of about 2% from the average selling price in 2009 and a drop of nearly 4% from the peak average of $102.46/sq.ft. achieved in 2007.

Baton Rouge Real Estate Market

The next chart show average selling prices in the subdivision and we observe a large increase from 2009 to 2010. Given that the $/sq.ft. declined, one can conclude that, on average, larger homes have sold in 2010 than sold in 2009.

Baton Rouge Real Estate Market

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2010 by Don Stern - All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com - email

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

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Kenilworth Subdivision Baton Rouge January 2009 Update FHA Appraisers East Baton Rouge
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Kenilworth Subdivision Baton Rouge January 2009 Update FHA Appraisers East Baton Rouge

Baton Rouge Appraisers Map

Sales in Kenilworth Subdivision were from $185K to $295K with 22 sales since 1/1/08, average size home 2,259sf, average sold price per sq. ft. was $98.88/sf and median sales price $212,500.

Kenilworth Subdivision Baton Rouge Appraisers

Solds from 01/01/2007 to 12/31/2007 revealed: 
Average Sales Price: $237,213
Average Sold Price Per Sq. Ft.: $102.64
Median Sold Price: $225,000
Low Sales Price: $154,900
High Sales Price: $545,000
Average # of Days On Market: 23
# of Sales: 19

Solds from 01/01/2008 to 01/17/2009 reveals: 
Average Sales Price: $220,859
Average Sold Price Per Sq. Ft.: $98.88
Median Sold Price: $212,500
Low Sales Price: $185,000
High Sales Price: $294,000
Average # of Days On Market: 63
# of Sales: 22

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Kenilworth Subdivision, the market direction appears to be decreasing.  The Average Sales Price has decreased by -$16,354.   However, this could have something to do with the unusual $545,000 sale in 2007 on St Edmund Ct, which could have skewed the average sales price, which is why this appraiser is relying upon the median sales price figure.

Median Sales Price has decreased by -$12,500 or -5.56%

Average Sold Price Per Sq. Ft. has decreased by -$3.76/sf or -$3.66%

Kenilworth Subdivision data is presented with the permission of the Greater Baton Rouge Board of Realtors.

 

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 17 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://fhaappraiserbatonrouge.info/

 

 

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Baton Rouge Realtor Homes Report On Kenilworth Subdivision
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Baton Rouge Homes Realtors Report On Kenilworth Subdivision

An MLS CMA of this Subdivision from 04/19/2007 to 04/22/2008 reveals: 
The Average Sales Price: $218,850
The Average Sold Price Per Sq. Ft.: $103.56/sf
The Median Sold Price: $225,500
Low Sales Price: $154,900
High Sales Price: $325,000
Average # of Days On Market: 26 Days On Market
# of Sales: 18

Baton Rouge Realtors Homes

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Baton Rouge Real Estate Home Appraisers – Accurate Valuations Group Appraiser William D. Cobb Study Shows Kenilworth Subdivision in Zip Code 70808 Pre To Post Hurricane Katrina Increases 23%
Bill Cobb, Greater Baton Rouge's Home Appraiser (Accurate Valuations Group, LLC)

Baton Rouge Real Estate Home Appraisers - Accurate Valuations Group Appraiser William D. Cobb, IFA Study Shows Kenilworth Subdivision in Zip Code 70808 Pre To Post Hurricane Katrina Increases 23%

William D. Cobb, a home appraiser with Accurate Valuations Group in the Greater Baton Rouge, LA market, is pleased to announce a gain in average home prices within Kenilworth Subdivision.  Based on data obtained from The Greater Baton Rouge Board of Realtors, the gain in average homes prices within Kenilworth Subdivision Pre to Post Hurricane Katrina has been 23.12%. The median price has increased 13.94%.  The average price per sq. ft. has increased 24.02%.

Market Summary 1/1/2005 to 8/28/2005 PRE HURRICANE KATRINA:
Avg Sold: $180,723
Median Sold: $177,500
Avg $/SF: $74.28/sf
Avg Days on the Market: 58
Total# Listings: 13

Low Sales Price: $140,000

High Sales Price: $219,000

 

Market Summary 4/2006 to 4/15/2007 POST KATRINA:
Avg Sold: $222,507
Median Sold: $202,250
Avg $/SF: $92.12/sf
Avg Days on the Market: 27
Total# Listings: 22

Low Sales Price:$160,000

High Sales Price:$545,000

The gain in average homes prices/values within Kenilworth Subdivision Pre to Post Hurricane Katrina was from $180,723 to $222,507 or 23% increase.  The median price/value has increased from $177,500 up to $202,250 or 14%.  The average price per sq. ft. has increased from $74.28/sf  up to $92.12/sf or 24%.   The total number of listings decreased from 58 down to 27.

Data Used With The Permission Of The Greater Baton Rouge Board of Realtors.   This data generally excludes REO/Bank Owned or Foreclosure Sales. 

William D. Cobb with Accurate Valuations Group has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market (Baton Rouge, LA; Baker, LA; Zachary, LA; Greenwell Springs, LA; Denham Springs, LA; Walker, LA; Watson, LA; Livingston, LA; Prairieville, LA; Gonzales, LA; Geismar, LA; Sorrento, LA; Port Allen, LA; Brusly, LA; and Addis, LA). For more information on William D. Cobb, IFA and Accurate Valuations Group, please visit http://www.getfastvalue.com/  and http://www.batonrougehomeappraisals.com  .    Visit Bill's Blog @ http://www.getfastvalue.com/avgblog      This article was written with the assistance of R. Chandler Smith @http://www.1stsourceappraisals.com/
Baton Rouge, LA Real Estate Professionals
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