Source: http://www.blytic.com/DataView.aspx?search=baton+rouge&page=1

Greater Baton Rouge Real Estate Trends Report Q1 2012 by Louisiana REALTORS

These are ALL existing homes (detached single family) in the City of Denham Spings as classified in GBRMLS, which includes 70706 and 70726.

Median Sold Price by Month
Mar-11 vs. Mar-12: The median sold price has not changed

Denham Springs Exising Homes Housing Study March 2011 vs March 2012

Median For Sale vs. Median Sold
Mar-11 vs. Mar-12: The median price of for sale properties is up 3% and the median price of sold properties has not changed

Sold Properties by Month
Mar-11 vs. Mar-12: The number of sold properties is up 4%

Under Contract Properties by Month
Mar-11 vs. Mar-12: The number of under contract properties is up 35%

New Properties by Month
Mar-11 vs. Mar-12: The number of new properties is down 6%

For Sale Properties by Month
Mar-11 vs. Mar-12: The number of for sale properties is down 13%

Expired Properties by Month
Mar-11 vs. Mar-12: The number of expired properties is down 42%

Supply & Demand by Month
Mar-11 vs. Mar-12: The number of for sale properties is down 13% and the number of sold properties is up 4%

The Average Days on Market by Month
Mar-11 vs. Mar-12: The average days on market is down 23%

Months Supply of Inventory
Mar-11 vs. Mar-12: The average months supply of inventory is down -38.0%

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2011 to April 16, 2012. This information was extracted on 04/16/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Livingston Parish Home Sales Q1 2012, Pending Listings Up 30%, Median Sales Price Still Down

Livingston Parish Home Sales Report April 12 2011 Through April 12 2012. While Median Sales Price Continues To Correct Downward, the number of pending listing is up 30% showing pent up buyer demand, which is Good News! Inventory is also down.

This is a Q1 2012 or First Quarter 2012 multipage study of Livingston Parish Homes Sales (All GBRMLS Areas, All Sales Price Ranges, All Ages, All Types Of Properties) and includes the detailed sales per month sheets including Median Price, # Units and Average DOM or Days On Market.

Livingston Parish Home Sales Q1 2012 Pending Listings Up 30 Percent Median Sales Price Still Down

GOOD NEWS:

Under Contract Properties by Month
Mar-11 vs. Mar-12: The number of under contract properties is up 30%

Months Supply of Inventory
Mar-11 vs. Mar-12: The average months supply of inventory is down -28.8%

The Average Days on Market by Month
Mar-11 vs. Mar-12: The average days on market is down 12%

New Properties by Month
Mar-11 vs. Mar-12: The number of new properties is down 6%

For Sale Properties by Month
Mar-11 vs. Mar-12: The number of for sale properties is down 6%

Expired Properties by Month
Mar-11 vs. Mar-12: The number of expired properties is down 37%

BAD NEWS:

Median Sold Price by Month
Mar-11 vs. Mar-12: The median sold price is down 2%

Median For Sale vs. Median Sold
Mar-11 vs. Mar-12: The median price of for sale properties is up 3% and the median price of sold properties is down 2%

Sold Properties by Month
Mar-11 vs. Mar-12: The number of sold properties is down 11%

Supply & Demand by Month
Mar-11 vs. Mar-12: The number of for sale properties is down 6% and the number of sold properties is down 11%

WHY I REPORT MEDIAN SALES PRICE VERSUS AVERAGE SALES PRICE?

NOTE: Why Median Sales Price is a better indicator than Average Sales Price! Median Sales Price is the barometer by which the National Association of Realtors utilizes to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market. Fannie Mae understands the problem with using Average Sales Price and now demands home appraisers perform the 1004MC or Market Conditions form based on narrower “sub-market” parameters for comp search. This means that on a 2,000sf home, appraisers would be searching for comps with say 200sf below and above 2,000sf, say 1,800sf up to 2,200sf with similar ages and other similar characteristics.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April 12, 2011 to April 12, 2012. This information was extracted on 04/12/2012.

http://www.youtube.com/watch?v=9DStJP5HbRc

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.

Bill Cobb Is Baton Rouge’s Real Estate Reporter, Housing News Reporter

With 20 years experience as a Louisiana Home Appraiser and editor of several local housing related websites, Bill Cobb brings a wealth of knowledge and experience to Greater Baton Rouge Housing. From the Greater Baton Rouge Housing Week In Review segment to Greater Baton Rouge Monthly Housing Studies . To Baton Rouge Real Estate Buzz to Denham Springs Housing News . From Ascension Parish Housing News to Zachary La Housing News . From West Baton Rouge Housing News to Videos of Baton Rouge Real Estate News .

From Baton Rouge Market Metrics Subdivision Studies to Baton Rouge Residential Real Estate Trends, Bill Cobb Appraiser is THE SOURCE for Greater Housing News!

Bill Cobb Author of Baton Rouge Real Estate News

Baton Rouge Area 43 Existing Homes Under $150,000 Decline In Sales Prices

MLS Area 43, 3 bedroom homes from 1150sf up to 1550sf from 02/2009 to Present, Ages 16-20 yrs +

AND, the REO or Foreclosure rate on this chart is only 3% of sales. So, it’s not foreclosures driving prices down, but rather the market itself (buyers and selling lowering prices after extended time periods on the market), plus minimum foreclosure activity (again, only 3%).

Click the charts below to ENLARGE!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of February 1, 2009 to March 2, 2012. This information was extracted on 03/02/2012.

Presented by Bill Cobb, Appraiser, Baton Rouge’s Housing Reporter

Median Sales Price shows a +20% increase. However, this is based on some higher priced home sales and few of them. Since March 2009, there’s been a +2.8% median sales price increase. REO or Foreclosure sales total 0. NO SALES IN CURRENT 1-3 MONTH PERIOD. For 4-6 month period, absorption rate is 1.3%, months supply of housing 72 months, median comparable sale price $925,000 4-6 months ago, median comparable sales days on market 14 days 4-6 months ago, median comparable list price $995,000, median comparable listings days on market 14 days and median sales price as percent of listing price has been 96% 4-6 months ago. Again, there are no sales in current 1-3 months and 24 competing listings, basically an oversupply of competing listings.

Click on the images below to enlarge!

Baton Rouge Area 52 Two Year Study Existing Home Sales Over $500,000 as of March 2012 for Homes Over 5 Year…

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of March 03, 2010 to March 03, 2012. This information was extracted on 03/03/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Presented by Baton Rouge Housing Reporter, Bill Cobb

Median Sales Price shows a +2% increase. REO or Foreclosure sales total 4 of 131 total sales or only 3%. For current 1-3 month period, absorption rate is 3.67%, months supply of housing 13.6 months, median comparable sale price $629,000, median comparable sales days on market 68 days, median comparable list price $775,000, median comparable listings days on market 166 days and median sales price as percent of listing price has been 96%.

NOTE: YES, the title page is incorrect. This is for GBRMLS Area 53, not 52.

Click on the images below to enlarge!

Baton Rouge Area 53 Two Year Study Existing Home Sales Over $500,000 as of March 2012 for Homes Over 5 Year…

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of March 03, 2010 to March 03, 2012. This information was extracted on 03/03/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Presented by Baton Rouge Housing Reporter, Bill Cobb