Tag Archives: baton rouge home statistics

B.R. delinquency, foreclosure rates still below average

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From Baton Rouge Business Report

The percentage of Baton Rouge homeowners falling behind on their mortgage payments and facing foreclosure continued to rise in March, but still at a slower rate than the state and national averages. The percentage of local homeowners who were more than three months behind on their mortgages was 6.64% in March, according to Core Logic, compared with a 4.21% delinquency rate in March 2009. During that time, the percentage of Louisiana homeowners more than three months behind on their mortgages rose from 4.76% to 7.36%, while the U.S. average delinquency rate was 8.93% in March, compared with 5.79% in March 2009. The local foreclosure rate was 2.27% in March, compared with 1.38% in March 2009. That’s below the state average of 2.53% and the national rate of 3.23%. Core Logic gets its data from public sources, including property and tax records and appraisals.

Baton Rouge home sales up on October

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From the Baton Rouge Business Report:
Second-consecutive month sales topped 2008: Home sales in metro Baton Rouge were up 4.3% in October compared with the year before. There were 555 houses sold in the area, according to figures obtained today from the Greater Baton Rouge Association of Realtors Multiple Listing Service. That compares with 532 sales in October 2008. The average sale price was down slightly, from $196,542 in October 2008 to $187,185 last month, showing the continued popularity of the starter-home market. Livingston Parish saw the biggest jump, with the number of houses sold going up 21%, from 85 in October 2008 to 103 last month.

Month to date residential sales in East Baton Rouge

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Sold Terms Total Total List $ Total Sold $ Avg List $ Avg Sold $ Med Sold $ Avg DOM Avg DTC Avg $/SF % SP/LP
CASH 50 $9,303,479 $8,914,001 $186,069 $178,280 $139,500 102 29 $98 95.81%
CONVENTIONAL 184 $47,547,208 $45,699,326 $258,408 $248,365 $220,000 92 42 $115 96.11%
FHA 119 $19,547,114 $19,062,609 $164,261 $160,189 $152,500 85 42 $97 97.52%
FMHA 1 $227,850 $227,850 $227,850 $227,850 $227,850 428 49 $120 100%
OTHER 5 $776,800 $759,400 $155,360 $151,880 $148,500 51 23 $96 97.76%
OWNER FINANCING 1 $1,400,000 $930,000 $1,400,000 $930,000 $930,000 420 17 $169 66.42%
VA 12 $2,394,900 $2,346,600 $199,575 $195,550 $174,050 88 38 $100 97.98%
TOTALS 372 $81,197,351 $77,939,786 $218,272 $209,515 $180,500 92 40 $113 93.08%