http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Appraisers: Why do some houses sit on the market while others sell?

Here’s an interesting video by Jay Papasan, an executive of Keller Williams Realty. We see “Jay” on the month “This Month In Real Estate US: November 2010″ videos on YouTube. In this video, Mr. Papasan explains why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.

I’m curious to hear the experience of both home owners and real estate agents as to what if Mr. Papasan is explaining is reality locally? Any ideas on what it would take for homes to sell faster? Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

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]]> http://www.southpointappraiser.com/2010/11/13/denham-springs-real-estate-appraisers-why-do-some-houses-sit-on-the-market-while-others-sell/feed/ 0 http://www.southpointappraiser.com/2010/08/18/have-baton-rouge-home-buyers-closing-costs-increased-by-37-since-2009/ http://www.southpointappraiser.com/2010/08/18/have-baton-rouge-home-buyers-closing-costs-increased-by-37-since-2009/#comments Wed, 18 Aug 2010 08:19:30 +0000 http://www.southpointappraiser.com http://www.southpointappraiser.com/denham-springs-real-estate-news/have-baton-rouge-home-buyers-closing-costs-increased-by-37-since-2009/

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!

http://www.batonrougerealestateappraisal.com/ – Buying A Baton Rouge Foreclosure? Watch This Renovation Loans Video By Real Estate Broker John Jones.

http://www.batonrougerealestatetube.com/ – This Month in US Real Estate April 2010 Video, Does It Apply To Baton Rouge Real Housing Market?

http://www.denhamspringslarealestate.net/ – Livingston Parish Sees Higher Priced Homes Decline In Sales Volume and Pricing!

According to Tom Cook and the Baton Rouge Business Report Weekly this week,

“The largest increase in the volume of sales took place in Livingston Parish in the $100,000 to $150,000 price range. From March 2008 to February 2009, there were 107 sales in this price range. From March 2009 to February, there were 221 sales in this price range. This represents an increase of 106%. Homes in the $200,000 to $250,000 price range decreased in volume by nearly 9% from March 2009 to February. Home sales in the $200,000 to $250,000 price range fell 22% from March 2008 to February 2009.”

This is one point I fully agree with and see in this market. The Denham Springs and Walker markets from $200,000 to $300,000, where new home pricing is above $115/sf, have been way oversupplied for at least the past year. This is one of the reasons that Juban Parc became the “New Juban Parc” because Denham Springs isn’t really a higher end housing market. In fact, since 4/2009, only 13% of home sales have been above $200,000. The developers and builders both expected too high of potential sales prices in the western Livingston Parish market, especially in the Walker market. This could be one reason that Autumn Run is being finished out by Vicknair Builders.

82 Competing Listings Is An OverSupply!

Currently in the GBRAR MLS, there are 82 competing listings in this price range. The search parameters were: $200,000 to $300,000, 1600sf to 3000sf, Ages New to 4-5 Years Old, Extracted on 4/14/2010.

http://www.batonrougerealestateappraisal.com/ - Baton Rouge Mortgage Lenders: TBWS Video FHA Cracks the Whip on Naughty Lenders. 04.05.10

Click Below To Check Out Today’s Video

http://www.batonrougerealestateappraisal.com/ - Win A New Copy Of Gary Vaynerchucks Crush It by Baton Rouge FHA Home Appraisers.

YES, you must have a Twitter Account To Register!

Drawing Is March 15, 2010!

Register Here:

http://www.batonrougerealestateappraisal.com/win-a-new-copy-of-crush-it-contest/