Country Club of Louisiana Baton Rouge Appraiser Charts Show Weakness, Detailed Commentary To read entire article with CCLA home photos and charts, visit: http://activerain.trulia.com/blogsview/4531317/country-club-of-louisiana-baton-rouge-appraiser-charts-show-weakness CCLA or The Country Club of Louisiana has been THE most prestigous luxury homes and play destination in Baton Rouge for approximately 25 years. This is a highly well manicured development featuring golf, tennis, club house, lakes and more. At 20 to 25 years old, CCLA may be aging in terms of the condition of some homes and as newer golf developments offer more modern floor plans. I still believe CCLA is just so fine and such an incredibly beautiful destination that it will remain the address of "Success" for many years to come, possibly at lower prices though. SOURCE: Greater Baton Rouge Assocation of REALTORS® Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 07/01/2011 to 09/30/2014, extracted on 10/26/2014.

1. activerain.trulia.com
http://activerain.trulia.com/blogsview/4531317/country-club-of-louisiana-baton-rouge-appraiser-charts-show-weakness
Country Club of Louisiana Baton Rouge Appraiser Charts Show
Weakness
Bill Cobb
By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851
Email Short URL
Share:
November 06, 2014 01:33 PM
Country Club of Louisiana Baton Rouge Appraiser's Home Price Charts Confirm Weakness, Detailed
Commentary Below
CCLA Homes
Country Club of Louisiana Homes Baton Rouge Luxury Real Estate from Bill Cobb, Appraiser
Published by Bill Cobb, Greater Baton Rouge's Home Appraiser
225-293-1500
http://www.batonrougerealestateappraisal.com
Country Club of Louisiana Baton Rouge Pinterest Photos Board is here:

2. http://www.pinterest.com/billdcobb/country-club-of-louisiana-baton-rouge/
Country Club of Louisiana Baton Rouge Home Sales Summary

3. CCLA June 2013 to November 6, 2014 Home Sales Stats
Average Sales Price: $192/sf
Median Sold Price: $625,000
# of Sales: 28From $385,000 to $1,775,000
Avg Home Size: 3,725sf
Avg Days On Market: 256 Days
Selling For 95% of List Price
Country Club of Louisiana Home Sales Q3 2011 vs Q3 2014
Over the past three years, CCLA Median Sold Price by quarter Q3-2011 vs Q3-2014 is down 3%, Sold Properties
are down 33%, Under Contract Properties are up 125%, Average Days on Market is down 5% and Expired
Properties are down 20%. HOWEVER, homes for sale is up by 55%.

4. From an actual high end appraisal in the exclusive and more expensive Parcel 18 section, this was my
commentary from a 09/2014 appraisal of a $1,350,000 home:
"Stable Median Sales Price. 45 Month Supply. 15 Competing Listings IS An Oversupply. WEAK 86% List-To-Sales
Price Ratio. 2013-2014 CCLA: 33 Sales from $380K to $2,200,000: Average $853K, Median Sales Price
$667K,Average Sold Price $201/sf, Median Sold Price $134/sf, WEAK Average LP/SP Ratio 87%, 258 Average
Days On Market."
and
"Do know within this valuation that there are 15 competing listings, ALL Active, none Pending with a 45 month supply
of inventory - a gross oversupply. Also, CCLA itself has 9 competing listings and ALL of them are Active Listings, not
pending listings. So, why has there only been 1 sold within CCLA in 2014 above $1,000,000 and 9 competing listings
and not one of them is pending? I asked a local REALTOR ® group and confirmation was that CCLA listings
were over priced based on some homes just being dated cosmetically. This is why no competing listings
were used, over pricing, and if there were used, they would be adjusted at the 86% Listing To Sales Price
Ratio. There's too many options out there right now for buyers than to spend too much on a dated home."
Country Club of Louisiana Home Sales Baton Rouge Sales Q3 2011 vs Q3 2014 from Bill Cobb, Appraiser
Country Club of Louisiana Median Sold Price by quarter
Q3-2011 vs Q3-2014: The median sold price is down -3%
Country Club of Louisiana Sold Properties by quarter
Q3-2011 vs Q3-2014: The number of Sold properties is down -33%
Country Club of Louisiana Under Contract Properties by quarter
Q3-2011 vs Q3-2014: The number of Under Contract properties is up 125%
Country Club of Louisiana Average Days on Market by quarter
Q3-2011 vs Q3-2014: The average days on market is down -5%
Country Club of Louisiana Expired Properties by quarter
Q3-2011 vs Q3-2014: The number of Expired properties is down -20%

5. For Sale Properties by quarter
Q3-2011 vs Q3-2014: The number of For Sale properties is up 55%
Country Club of Louisiana Baton Rouge Home Sales Q3 2011 vs Q3 2014 from Bill Cobb, Appraiser
New Properties by quarter
Q3-2011 vs Q3-2014: The number of New properties is up 38%
Supply & Demand by quarter
Q3-2011 vs Q3-2014: The number of for sale properties is up 55% and the number of sold properties is down -33%
Median For Sale vs Median Sold
Q3-2011 vs Q3-2014: The median price of for sale properties is up 3% and the median price of sold properties is
down -3%
Baton Rouge Luxury Home Appraisers
SOURCE: Greater Baton Rouge Assocation of
REALTORS®
Based on information from Greater Baton Rouge
Association of REALTORS®MLS for period 07/01/2011
to 09/30/2014, extracted on 10/26/2014.
Disclaimer: Trulia, Inc. does not necessarily endorse the
real estate agents, loan officers and brokers listed on
this site. These real estate profiles, blogs and blog
entries are provided here as a courtesy to our visitors to
help them make an informed decision when buying or
selling a house. Trulia, Inc. takes no responsibility for the content in these profiles, that are written by the members of
this community.