9297 Kingcrest, Baton Rouge, La 70810

Fantastic new listing off of Staring Lane in Baton Rouge!  This 3 bedroom home has been completely renovated and updated.  Priced well below appraised value, this house is move in ready.  Not to mention a bonus room outside with slate floors that would be GREAT for entertaining.  Fantastic for a first time homebuyer or someone looking to downsize.

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
6/22/2009 – 6/29/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (6/22/2009 – 6/29/2009)

217

$44,339,564/ N/A

$204,329

 N/A

4

$160,000

 N/A

Active Today

3689

$988,370,998/ N/A

$267,923

 N/A

155

$199,000

 N/A

Pending (6/22/2009 – 6/29/2009)

168

$36,059,728/ N/A

$214,641

 N/A

93

$164,950

 N/A



OFF MARKET STATUSES (6/22/2009 – 6/29/2009)

Sold

116

$23,235,749/$22,698,005

$200,308

$195,672

93

$170,500

97%

Baton Rouge Housing Market named one of the best!

More good news about the Baton Rouge housing market: A real estate forecasting service says the Capital Region is one of the 10 best cities in terms of future home prices. Local Market Monitor, which produces the Home Price Forecast for more than 300 cities, says home values should remain level locally over the next 12 months. Officials with Local Market Monitor credit the same factors for Baton Rouge’s stability that have been repeatedly said during the national housing crisis: Home prices in the Capital Region never got out of hand, and economic growth has remained steady locally. Other cities with populations of more than 600,000 in the top 10 include Dallas, Houston and Rochester, N.Y. Alexandria, Monroe and Shreveport-Bossier City made the top 10 list for future home prices in cities with populations under 600,000. The worst housing markets were mostly cities in California, Florida, Arizona and Nevada, where price speculation got out of hand, places such as Las Vegas, Phoenix and Fort Lauderdale, Fla.

Read the article here

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
6/15/2009 – 6/22/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (6/15/2009 – 6/22/2009)

205

$42,978,580/ N/A

$209,651

 N/A

4

$169,950

 N/A

Active Today

3650

$984,481,214/ N/A

$269,720

 N/A

155

$199,900

 N/A

Pending (6/15/2009 – 6/22/2009)

176

$35,356,886/ N/A

$200,891

 N/A

101

$169,200

 N/A



OFF MARKET STATUSES (6/15/2009 – 6/22/2009)

Sold

77

$16,942,945/$16,372,105

$220,038

$212,624

75

$178,000

96%

19617 W Piney Point Ave, Baton Rouge, La 70817

“Custom built by Chuck Dupree with luxury pool and spa by Ewing Pools. This 20 year old home is effectively “better-than-new” because of high quality of construction and meticulous updates and maintenance. If you are looking only at “new” homes, you owe it to yourself to see this home! Mature, professional landscaping amongst towering, lovely trees creates your own private park and oasis. Nailed, antique heart pine floors in living room and dining room. Fine Mexican tile in kitchen, breakfast and keeping rooms. Italian marble floors in luxurious master bath. Gleaming cypress cabinetry in kitchen, keeping and living rooms. TWO fireplaces! Wood mullioned windows wrapped in wood mouldings are further evidence of quality craftsmanship. Custom draperies and antique chandiliers remain. The custom Ewing pool has tiled edges, brick surrounds, parapets and walkways to create a serene, classic personal resort for homeowner and guests alike. Built-in hottub of gunite and brick has seating for one or several and provides a refreshing waterfall into the pool. Multi-levels of patio give different perspectives and additional privacy. The park like rear yard has room for recreation or just more of Mother Nature’s gifts. Beautiful granite countertops and island top in the gourmet kitchen is a recent update. You may be hard-pressed to fill all the cabinets in the kitchen and pantry, but you can try! Split floorplan for in-laws or guests. Master bedroom views pool. Super high ceilings and great natural light throughout the day. Circular front drive gives guests ample parking and you can still access the rear laoding, double+ garage”
19617 W Piney Point Ave

19617 W Piney Point Ave

Westminster properties are MOVING. 3755 Drusilla lane, under contract in 2 days

Wow. Good homes at good prices continue to move fast in East Baton Rouge parish. Here are some pictures the home at 3755 Drusilla lane, Baton Rouge, La

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
6/8/2009 – 6/15/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (6/8/2009 – 6/15/2009)

214

$47,090,730/ N/A

$220,050

 N/A

4

$180,000

 N/A

Active Today

3663

$991,737,192/ N/A

$270,744

 N/A

155

$199,724

 N/A

Pending (6/8/2009 – 6/15/2009)

158

$29,988,882/ N/A

$189,803

 N/A

88

$169,450

 N/A



OFF MARKET STATUSES (6/8/2009 – 6/15/2009)

Sold

83

$16,918,939/$16,446,840

$203,842

$198,154

95

$178,000

97%

Jefferson Place Condominiums, Baton Rouge, la 70809

What a remarkable complex in the heart of the city.  Tons of greenspace, walking trails, clubhouse, workout facility, pool, access to almost everything in minutes.  Take a look at these pictures of an upcoming unit and of the model unit.

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/1/2009 – 5/8/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (5/1/2009 – 5/8/2009)

270

$59,680,645/ N/A

$221,039

 N/A

26

$174,950

 N/A

Active Today

3636

$992,411,961/ N/A

$272,940

 N/A

155

$199,900

 N/A

Pending (5/1/2009 – 5/8/2009)

208

$40,248,786/ N/A

$193,503

 N/A

90

$178,900

 N/A



OFF MARKET STATUSES (5/1/2009 – 5/8/2009)

Sold

133

$27,906,860/$26,971,749

$209,826

$202,795

98

$178,900

96%

New information about the $8,000 tax credit

HUD: Tax Credit Can Be Used on Closing Costs
FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development on so-called home buyer tax credit loans that was released today.

Under the guidance, FHA-approved lenders can develop bridge loans that home buyers can use to help cover their closing costs, buy down their interest rate, or put down more than the minimum 3.5 percent.

The loans can’t be used to cover the minimum 3.5 percent, senior HUD officials told reporters on a conference call Friday morning.

Thus, buyers applying for FHA-backed financing with an FHA-approved lender that offers a bridge-loan program can get a bridge loan to bring down the upfront costs of buying a home significantly but would still have to come up with the minimum 3.5 percent downpayment.

There remain many sources of assistance for buyers needing help with the 3.5 percent downpayment, including many state and local government instrumentalities and nonprofit lenders.

In addition, some state housing finance agencies have developed their own tax credit bridge loan programs, so buyers in states whose HFAs offer such programs can monetize the tax credit upfront to cover all or part of their downpayment. These programs are separate from what HUD announced today.

The first-time homebuyer tax credit was enacted last year–and improved upon earlier this year–to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit is worth up to $8,000 and is available to households that haven’t owned a home in at least three years. The credit does not have to be repaid, and is fully reimbursable, so households can get their credit returned to them in the form of a payment.

Learn more about the credit, including how to apply for it this year even if you’ve already filed your taxes, at REALTOR.org.