Yearly CENLA Residential Market Update

2011 had seven months where it outpaced 2010. The question asked is “how is the market?” “Is there amarket?” My response, “there is always a market”. The market stats tell you if it is a Buyer’s market or if itis a Seller’s market. The Average Sales Price through out the year in Rapides Parish increased to $152,755,

with an average days on market of 98 days. The Average Sale Price in Grant Parish had a slight decrease to$110,108, with average days on market of 104 days. Avoyelles Parish Average Sale Price was up $95,923,with an average days on market of 88 days.Statistics indicate this is a Buyers Market. There is fierce competition in the market with informed,discerning Buyers.Condition, pricing, staging, and location are

crucial

to selling a property. It is a great time to purchase ahome with increased inventory, great interest rates, and an occasional GREAT buy.Call me with any questions regarding the market in your neighborhood!

Real Estate

Quarterly

by Barbara Corbett

January 2012

www.BarbaraCorbett.com

020406080100120Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

2010/2011 Residential Sales

20102011

HOME OWNERSHIP MATTERS!

There has been a lot of talk about whether home ownership really matters anymore. I say YES, it doesmatter. According to recent data from the Federal Reserve, the median net worth of home owning familiesis more than $200,000 compared with about $5,000 for families who rent. This is a significant difference.Home ownership has been part of the American way since the birth of our nation. Thomas Jefferson wrote

that “all men are created equal...with certain inalienable rights, among these, life, liberty and the pursuit of happiness”. John Locke, whose work Jefferson admired, broadened this thought. It was Locke’s belief thatgovernment had a duty to protect citizens’ “life, liberty, and property’ that helped inspire the American Rev-

olution. I think we need to connect as a nation to our truth and tradition: Home ownership matters!

Your Vote Counts!

Thank you for your support on the transfer tax. Your vote will now keep Louisiana freefrom being levied a transfer tax on the sale of real property.