Louisiana

Livingston Parish Home Sales Still In Correction Mode For 2012, Declining

For Livingston Parish, These are important numbers!

LIVINGSTON PARISH SPECIFIC.

Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%.

For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%.

Average Sold Price was unchanged.

Median Sold Price DOWN -$1,900 or -1%. We're Still In CORRECTION MODE in Livingston Parish.

Denham Springs Home Sales Numbers Update Through Febuary 29, 2012.

DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012....there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%.

DECLINING SALES PRICES!

Of these 115 sales, average and median were $145,054 and ONLY $135,000. In 2011 same period, average and median were $150,276 and $139,450.

For Livingston Parish, These are important numbers!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012.

Gbrmls Monthly Comparison Numbers Home Sales February 2011 versus 2012

Presented by Bill Cobb, Appraiser, Greater Baton Rouge's Housing Reporter

Baton Rouge Home Sales Report For February 26-March 3, 2012

Week In Review In Baton Rouge Real Estate February 26-March 3, 2012

What A Difference A Week Makes! From 02/19-02/25 there were 76 total GBR home sales. From 02/26-03/03 there were 152, an increase of 76 or 50% more home sales! For the week, 31 sales or 20% of ALL sales were distressed in some form and 80% were not. For 2012, 943 total sales with 43% of ALL sales being distressed in some form and 57% were not. However, of the 206 Foreclosure sales in 2012, the average sales price is $112,102 and median $95,000, meaning most of the REO sales are taking place are far, far below the typical price range in Baton Rouge, the $160,000 to $200,000 range.

View Previous Week In Review Baton Rouge Real Estate Studies For 2012

Greater Baton Rouge MSA Housing Statistics For 02/26/2012 - 03/03/2012:

LISTINGS:

Total Current Active Pending Contingent Listings: 5,296 (5,184 last week)

Foreclosure Listings: 512 or 10% of total listings

3rd Party Active Listings: 343 or 6% of total listings

Short Sale Active or Potential SS Listings: 263 or 5% of total listings

Foreclosure, 3rd Party and Short Sales Potential: 1118 or 21% of ALL Listings

79% ARE NOT DISTRESSED LISTINGS

SOLDS From 02/26/2012 - 03/03/2012:

Total Number of Solds: 152 (76 Last Week, INCREASING # OF SALES)

Average Sold Price: $216,613

Median Sold Price: $172,000

Average Continuous Days On Market: 144

Low To High Sales Prices: $15,199 (30180 Smith Drive) to $1,980,500 (19332 S Lakeway Drive)

Low

To High

New Home Sales: 17 or 11% of all sales

MLS Area With Most Sales: 43 with 19 Each

East Baton Rouge MLS Area With Most Sales: 43 With 19 Sales

Foreclosures Sold: 20 or 13% of Solds

3rd Party Solds: 9 or 6% of total solds

Short Sales Solds: 2 or 1% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 31 or 20% of all solds

NOTE: This is vast improvement from earlier numbers in 2012.

CUMULATIVE TOTALS FOR 2012

Total Number of Sales: 943

ASCENSION: 203
EAST BATON ROUGE: 481
EAST FELICIANA: 7
LIVINGSTON: 139
IBERVILLE: 15
POINTE COUPEE: 22
WEST BATON ROUGE: 28
WEST FELICIANA: 3
NOTE: 851 or 90% of Home Sales Took Place in ASC, EBR, LIV and WBR Parishes.

Foreclosures Sold YES: 206 or 22% of Solds

3rd Party Solds YES: 97 or 10% of total solds

Short Sales Solds YES: 98 or 10% of total solds

Foreclosure, 3rd Party and Short Sales Solds: 401 or 43% of all solds

CUMULATIVE AVERAGE SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $198,315
ASCENSION: $201,721
LIVINGSTON: $139,250
OTHER: $189,300
ALL MSA: $187,888

CUMULATIVE MEDIAN SALES PRICES FOR LOCAL PARISHES:
EAST BATON ROUGE: $165,000
ASCENSION: $184,950
LIVINGSTON: $144,868
OTHER: $171,900
ALL MSA: $162,400

CUMULATIVE AVERAGE DAYS ON MARKET (CONTINUOUS):
EAST BATON ROUGE: 132
ASCENSION: 159
LIVINGSTON: 141
OTHER: 180
ALL MSA: 144

CUMULATIVE LISTING-TO-SALES PRICE RATIO (What Percent Below Listing Price Home Sell For):
EAST BATON ROUGE: 97%
ASCENSION: 98%
LIVINGSTON: 97%
OTHER: 95%
ALL MSA: 97%

CUMULATIVE NUMBER LISTINGS CURRENTLY PENDING:
EAST BATON ROUGE: 675
ASCENSION: 252
LIVINGSTON: 214
OTHER: 93
ALL MSA: 1234

CUMULATIVE NUMBER NEW LISTINGS:
EAST BATON ROUGE: 1146
ASCENSION: 362
LIVINGSTON: 374
OTHER: 193
ALL MSA: 2075

CUMULATIVE NUMBER SOLD LISTINGS:
EAST BATON ROUGE: 481
ASCENSION: 202
LIVINGSTON: 184
OTHER: 75
ALL MSA: 943

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 02/26/2012 to 03/03/2012. This information was extracted on 03/04/2012.

This report is brought to you by Bill Cobb, Appraiser, Baton Rouge's Housing Reporter.

Baton Rouge Condominium Market 2011-2012 Correction Brutal. This segment of the market was ripe for such an extended correction based on the froth in this segment.

See the numbers below. Basically, the Average Sold Price declined another $6,900 or -4.8%. The Average Sold Price Per Sq. Ft. declined again $5.21/sf or -4.5%. The Median Sold Price declined another $6,350 or -4.7%. Number of sales decline close to 8%. Average Days on Market increased by 42 days or +40%. AND, the current Pendings have an Average Days On Market of 242 days. Worst of all is that Total Distressed Sales climbed 54 sales or +91.5%.

This chart below was from one of my condo appraisals in late 2011 in 70809, not the entire condo market.

Condo Sales In East Baton Rouge from 2/1/2010 to 2/28/2011 revealed:
Average Sales Price: $142,717
Average Sold Price Per Sq. Ft.: $116/sf
Median Sold Price: $135,300
Number of Sales: 315
Listing-To-Sales Price Ratio: 97%
Average Days On Market: 106
Low To High: $5,000 up to $570,000

DISTRESSED STATS:
Number of Sold REO/Foreclosures Noted In MLS: 33
Number of Sold 3rd Party Noted In MLS: 25
Number of Sold Short Sales Noted In MLS: 1
Total Distessed Sales: 59 or 19%

Condo Sales In East Baton Rouge from 2/1/2011 to 2/29/2012 revealed:
Average Sales Price: $135,817
Average Sold Price Per Sq. Ft.: $110.79/sf
Median Sold Price: $128,950
Number of Sales: 290
Listing-To-Sales Price Ratio: 96%
Average Days On Market: 148
Current Pendings Days On Market: 242 Days
Low To High: $5,000 up to $550,000

DISTRESSED STATS:
Number of Sold REO/Foreclosures Noted In MLS: 52
Number of Sold 3rd Party Noted In MLS: 29
Number of Sold Short Sales Noted In MLS: 32, INCREASE OF OVER 100%
Total Distessed Sales: 113 or 39%

DIFFERENCES IN TWO (2) PERIODS:

Average Sales Price: -$6,900 or -4.8%
Average Sold Price Per Sq. Ft.: -$5.21/sf or -4.5%
Median Sold Price: -$6,350 or -4.7%
Number of Sales: -25 or -7.9%
Listing-To-Sales Price Ratio: -1%
Average Days On Market: +42 Days or +40%
TOTAL DISTRESSED SALES: +54 or +91.5%

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of Februar 1, 2010 to February 29, 2012. This information was extracted on Sunday 03/03/2012 from GBRAR. Study Completed by Bill Cobb Appraiser and Housing Reporter with Accurate Valuations Group.

RealtorTraceyW

BLOG 2012

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