Baton Rouge Area 52 Two Year Study Existing Home Sales Over $500,000 As of March 2012 For Homes Over 5 Years Old

Market Dynamics
Prepared For
GBRAR MLS Area 52, LA 70808
William Cobb
Accurate Valuations Group
Clarus MarketMetrics
03/04/2012
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).
1 of 21
William Cobb
Median Sold Price by Month

Feb-10 vs. Feb-12: The median sold price is down 100%
Feb-10 vs. Feb-12

Feb-10
585,000
Feb-12
0
MLS: GBRAR
Period:
Property Types:
Residential: (Detached Single Family)
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-585,000
Construction Type:
Resale
%
-100%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
2 of 21
William Cobb
Median Sold Price by Month

Feb-10 vs. Feb-12: The median sold price is down 100%
Time Period
Median Price
# Units
Feb-12
Jan-12
Dec-11
Nov-11
Average DOM
Oct-11
689,000
Sep-11
1,100,000
193
Aug-11
744,500
30
Jul-11
Jun-11
697,000
May-11
670,000
123
Apr-11
585,000
52
Mar-11
801,750
149
Feb-11
798,500
154
Jan-11
850,000
978
Dec-10
645,925
166
Nov-10
860,000
66
Oct-10
Sep-10
0
550,000
Aug-10
Jul-10
126
0
1,295,000
Jun-10
505,000
May-10
520,000
115
Apr-10
697,500
124
Mar-10
679,000
223
Feb-10
585,000
62
318
2 of 2
03/04/2012
3 of 21
William Cobb
Median For Sale vs. Median Sold

Feb-10 vs. Feb-12: The median price of for sale properties is down 7% and the median price of sold properties is down 100%
Feb-10 vs. Feb-12

Feb-10
852,450
Feb-12
792,500
Change
-59,950
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
Feb-10 vs. Feb-12
2 years (monthly)
Price:
%
-7%
$500,000-$2,000,000
Feb-10
585,000
Construction Type:
Resale
Bedrooms:
All
Feb-12
0
Bathrooms:
All
Change
-585,000
Lot Size: All
Sq Ft:
1 of 2
%
-100%
All
03/04/2012
4 of 21
William Cobb
Median For Sale vs. Median Sold

Feb-10 vs. Feb-12: The median price of for sale properties is down 7% and the median price of sold properties is down 100%
For Sale
Median
# Properties
For Sale
Feb-12
792,500
28
Jan-12
832,000
24
Dec-11
869,000
21
Nov-11
889,000
21
Oct-11
796,000
24
689,000
-107,000
Sep-11
797,500
28
1,100,000
302,500
Aug-11
797,500
30
744,500
-53,000
Jul-11
798,000
30
Jun-11
797,000
31
697,000
-100,000
May-11
790,000
29
670,000
-120,000
Apr-11
785,000
26
585,000
-200,000
Mar-11
698,000
29
801,750
103,750
Feb-11
752,500
32
798,500
46,000
Jan-11
799,000
29
850,000
51,000
Dec-10
799,000
27
645,925
-153,075
Nov-10
862,450
28
860,000
-2,450
Oct-10
835,000
31
Sep-10
769,500
34
Aug-10
790,000
37
Jul-10
799,000
35
1,295,000
496,000
Jun-10
825,000
35
505,000
-320,000
May-10
812,500
34
520,000
-292,499
Apr-10
875,000
29
697,500
-177,500
Mar-10
835,000
31
679,000
-156,000
Feb-10
852,450
32
585,000
-267,450
Time Period
Sold
Median
# Properties
Sold
Price
Difference
0
550,000
-219,500
2 of 2
03/04/2012
5 of 21
William Cobb
Sold Properties by Month

Feb-10 vs. Feb-12: The number of Sold properties is down 100%
Feb-10 vs. Feb-12

Feb-10
2
Feb-12
0
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-2
Construction Type:
Resale
%
-100%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
6 of 21
William Cobb
Sold Properties by Month

Feb-10 vs. Feb-12: The number of Sold properties is down 100%
Time Period
# Properties
Median Price
Average DOM
Feb-12
Jan-12
Dec-11
Nov-11
Oct-11
689,000
Sep-11
1,100,000
193
Aug-11
744,500
30
Jul-11
Jun-11
697,000
May-11
670,000
123
Apr-11
585,000
52
Mar-11
801,750
149
Feb-11
798,500
154
Jan-11
850,000
978
Dec-10
645,925
166
Nov-10
860,000
66
Oct-10
Sep-10
550,000
126
Aug-10
Jul-10
1,295,000
318
Jun-10
505,000
May-10
520,000
115
Apr-10
697,500
124
Mar-10
679,000
223
Feb-10
585,000
62
2 of 2
03/04/2012
7 of 21
William Cobb
Under Contract Properties by Month

Feb-10 vs. Feb-12: The number of Under Contract properties is up 50%
Feb-10 vs. Feb-12

Feb-10
2
Feb-12
3
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
1
Construction Type:
Resale
%
+50%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
8 of 21
William Cobb
Under Contract Properties by Month

Feb-10 vs. Feb-12: The number of Under Contract properties is up 50%
Time Period
# Properties
Median Price
Average DOM
Feb-12
599,000
24
Jan-12
Dec-11
Nov-11
740,000
432
Oct-11
Sep-11
999,000
14
Aug-11
689,000
367
Jul-11
955,000
31
Jun-11
565,000
28
May-11
749,000
Apr-11
515,000
121
Mar-11
630,000
109
Feb-11
725,000
113
Jan-11
Dec-10
739,900
78
Nov-10
835,000
269
Oct-10
825,000
66
Sep-10
Aug-10
515,000
109
Jul-10
564,500
126
Jun-10
675,000
209
May-10
505,000
Apr-10
Mar-10
699,000
181
Feb-10
682,450
144
2 of 2
03/04/2012
9 of 21
William Cobb
New Properties by Month

Feb-10 vs. Feb-12: The number of New properties is down 33%
Feb-10 vs. Feb-12

Feb-10
6
Feb-12
4
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-2
Construction Type:
Resale
%
-33%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
10 of 21
William Cobb
New Properties by Month

Feb-10 vs. Feb-12: The number of New properties is down 33%
Time Period
# Properties
Median Price
Feb-12
572,000
Jan-12
634,250
Dec-11
609,900
Nov-11
930,000
Oct-11
512,500
Sep-11
760,000
Aug-11
790,000
Jul-11
922,500
Jun-11
990,000
May-11
749,500
Apr-11
889,000
Mar-11
570,000
Feb-11
615,000
Jan-11
725,000
Dec-10
550,000
Nov-10
980,000
Oct-10
825,000
Sep-10
510,000
Aug-10
712,000
Jul-10
550,000
Jun-10
950,000
May-10
674,450
Apr-10
989,750
Mar-10
694,950
Feb-10
916,500
2 of 2
03/04/2012
11 of 21
William Cobb
For Sale Properties by Month

Feb-10 vs. Feb-12: The number of For Sale properties is down 12%
Feb-10 vs. Feb-12

Feb-10
32
Feb-12
28
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-4
Construction Type:
Resale
%
-12%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
12 of 21
William Cobb
For Sale Properties by Month

Feb-10 vs. Feb-12: The number of For Sale properties is down 12%
Time Period
# Properties
Median Price
Average DOM
Feb-12
28
792,500
201
Jan-12
24
832,000
205
Dec-11
21
869,000
216
Nov-11
21
889,000
246
Oct-11
24
796,000
213
Sep-11
28
797,500
191
Aug-11
30
797,500
203
Jul-11
30
798,000
200
Jun-11
31
797,000
177
May-11
29
790,000
171
Apr-11
26
785,000
188
Mar-11
29
698,000
169
Feb-11
32
752,500
156
Jan-11
29
799,000
184
Dec-10
27
799,000
182
Nov-10
28
862,450
177
Oct-10
31
835,000
170
Sep-10
34
769,500
192
Aug-10
37
790,000
173
Jul-10
35
799,000
171
Jun-10
35
825,000
163
May-10
34
812,500
143
Apr-10
29
875,000
153
Mar-10
31
835,000
173
Feb-10
32
852,450
168
2 of 2
03/04/2012
13 of 21
William Cobb
Expired Properties by Month

Feb-10 vs. Feb-12: The number of Expired properties is down 33%
Feb-10 vs. Feb-12

Feb-10
3
Feb-12
2
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-1
Construction Type:
Resale
%
-33%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
14 of 21
William Cobb
Expired Properties by Month

Feb-10 vs. Feb-12: The number of Expired properties is down 33%
Time Period
# Properties
Median Price
Average DOM
Feb-12
1,394,500
524
Jan-12
Dec-11
615,000
302
Nov-11
550,000
352
Oct-11
746,000
133
Sep-11
698,000
300
Aug-11
712,000
364
Jul-11
780,000
217
Jun-11
677,450
163
May-11
762,000
142
Apr-11
529,500
316
Mar-11
510,000
182
Feb-11
724,500
161
Jan-11
1,195,000
512
Dec-10
549,750
150
Nov-10
799,999
184
Oct-10
985,000
284
Sep-10
532,400
259
Aug-10
875,000
216
Jul-10
1,875,000
366
Jun-10
877,000
255
May-10
998,000
111
Apr-10
875,000
170
Mar-10
897,000
260
Feb-10
930,000
174
2 of 2
03/04/2012
15 of 21
William Cobb
Supply & Demand by Month

Feb-10 vs. Feb-12: The number of for sale properties is down 12% and the number of sold properties is down 100%
Feb-10 vs. Feb-12

Feb-10
32
Feb-12
28
Change
-4
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
Feb-10 vs. Feb-12
2 years (monthly)
Price:
%
-12%
$500,000-$2,000,000
Feb-10
2
Construction Type:
Resale
Bedrooms:
All
Feb-12
0
Bathrooms:
All
Change
-2
Lot Size: All
Sq Ft:
1 of 2
%
-100%
All
03/04/2012
16 of 21
William Cobb
Supply & Demand by Month

Feb-10 vs. Feb-12: The number of for sale properties is down 12% and the number of sold properties is down 100%
# Properties
For Sale
Average DOM
For Sale
# Properties
Sold
Feb-12
28
201
Jan-12
24
205
Dec-11
21
216
Nov-11
21
246
Oct-11
24
213
Sep-11
28
191
193
Aug-11
30
203
30
Jul-11
30
200
Jun-11
31
177
May-11
29
171
123
Apr-11
26
188
52
Mar-11
29
169
149
Feb-11
32
156
154
Jan-11
29
184
978
Dec-10
27
182
166
Nov-10
28
177
66
Oct-10
31
170
Sep-10
34
192
Aug-10
37
173
Jul-10
35
171
Jun-10
35
163
May-10
34
143
115
Apr-10
29
153
124
Mar-10
31
173
223
Feb-10
32
168
62
Time Period
Average DOM
Sold
126
318
2 of 2
03/04/2012
17 of 21
William Cobb
The Average Days on Market by Month

Feb-10 vs. Feb-12: The average days on market is down 84%
Feb-10 vs. Feb-12

Feb-10
144
Feb-12
24
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-120
Construction Type:
Resale
%
-84%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
18 of 21
William Cobb
The Average Days on Market by Month

Feb-10 vs. Feb-12: The average days on market is down 84%
Time Period
Feb-12
Average DOM
# UC Units
24
Jan-12
Dec-11
Nov-11
0
432
Oct-11
2
0
Sep-11
14
Aug-11
367
Jul-11
31
Jun-11
28
May-11
Apr-11
121
Mar-11
109
Feb-11
113
Jan-11
Dec-10
78
Nov-10
269
Oct-10
66
Sep-10
Aug-10
109
Jul-10
126
Jun-10
209
May-10
Apr-10
Mar-10
181
Feb-10
144
2 of 2
03/04/2012
19 of 21
William Cobb
Months Supply of Inventory

Feb-10 vs. Feb-12: The average months supply of inventory is down 43%
Feb-10 vs. Feb-12

Feb-10
13.5
Feb-12
7.7
MLS: GBRAR
Period:
Property Types:
MLS Area:
EBR MLS AREA 52
2 years (monthly)
Price:
$500,000-$2,000,000
Change
-5.8
Construction Type:
Resale
%
-43%
Bedrooms:
All
Bathrooms:
All
Lot Size: All

Sq Ft:
1 of 2
All
03/04/2012
20 of 21
William Cobb
Months Supply of Inventory

Feb-10 vs. Feb-12: The average months supply of inventory is down 43%
Time Period
# Units For Sale

Last Day of Month
# UC Units
During Month
MSI
UC Average
DOM
7.7
24
9.0
432
Feb-12
23
Jan-12
24
Dec-11
20
Nov-11
18
Oct-11
20
Sep-11
23
11.5
14
Aug-11
26
8.7
367
Jul-11
25
12.5
31
Jun-11
28
28.0
28
May-11
26
26.0
Apr-11
23
23.0
121
Mar-11
23
4.6
109
Feb-11
25
5.0
113
Jan-11
27
Dec-10
24
24.0
78
Nov-10
24
24.0
269
Oct-10
25
8.3
66
Sep-10
26
Aug-10
33
33.0
109
Jul-10
32
16.0
126
Jun-10
32
32.0
209
May-10
32
32.0
Apr-10
26
Mar-10
23
4.6
181
Feb-10
27
13.5
144
2 of 2
03/04/2012
21 of 21

Baton Rouge Area 52 Two Year Study Existing Home Sales Over $500,000 As of March 2012 For Homes Over 5 Years Old

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Baton Rouge Area 52 Two Year Study Existing Home Sales Over $500,000 As of March 2012 For Homes Over 5 Years Old

Uploaded by

Copyright:

Available Formats

Market Dynamics

GBRAR MLS Area 52, LA 70808

Accurate Valuations Group

Median Sold Price by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

Median Sold Price by Month

Accurate Valuations Group

Median For Sale vs. Median Sold

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Feb-10 vs. Feb-12

Accurate Valuations Group

Median For Sale vs. Median Sold

Accurate Valuations Group

Sold Properties by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

Sold Properties by Month

Accurate Valuations Group

Under Contract Properties by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

Under Contract Properties by Month

Accurate Valuations Group

New Properties by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

New Properties by Month

Accurate Valuations Group

For Sale Properties by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

For Sale Properties by Month

Accurate Valuations Group

Expired Properties by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52

Lot Size: All

Accurate Valuations Group

Expired Properties by Month

Accurate Valuations Group

Supply & Demand by Month

Feb-10 vs. Feb-12

Residential: (Detached Single Family)

EBR MLS AREA 52