You are on page 1of 21

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

Accurate Valuations Group

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

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

2 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

318

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

3 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

4 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

Sold
Median

# Properties
Sold

Price
Difference

0
550,000

-219,500

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

5 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

6 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

7 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

8 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

9 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

10 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

11 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

12 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

13 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

14 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

15 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

16 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

Average DOM
Sold

126
318

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

17 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

18 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

19 of 21

William Cobb

Accurate Valuations Group

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:

Residential: (Detached Single Family)

MLS Area:

EBR MLS AREA 52

Clarus MarketMetrics

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

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

20 of 21

William Cobb

Accurate Valuations Group

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

Clarus MarketMetrics

2 of 2

03/04/2012

Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

21 of 21