east baton rouge commercial real estate sales august 2013 vs august 2014

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EAST BATON ROUGE COMMERCIAL SALES REPORT AUGUST 2013 VS AUGUST 2014 Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 08/01/2014 to 08/31/2014, extracted on 09/14/2014.

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East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014 Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 09/01/2013 to 09/14/2014, extracted on 09/14/2014.

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Page 1: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

EAST BATON

ROUGE

COMMERCIAL

SALES REPORT

AUGUST 2013

VS AUGUST

2014

Based on information from

Greater Baton Rouge

Association of REALTORS®\MLS

for period 08/01/2014 to

08/31/2014, extracted on

09/14/2014.

Page 2: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-201496,250

Aug-201310,500

%817

Change85,750

Aug-2013 vs Aug-2014: The median sold price is up 817%Median Sold Price by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 3: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Median Sold Price by MonthAug-2013 vs Aug-2014: The median sold price is up 817%

Accurate Valuations GroupWilliam Cobb

Sold Median Price Units Avg DOMTime Period

Aug-14 96,250 3 93

Jul-14 357,500 4 111

Jun-14 260,000 4 130

May-14 27,499 2 186

Apr-14 150,725 2 88

Mar-14 500 4 173

Feb-14 0Jan-14 45,000 3 182

Dec-13 350 3 1,454

Nov-13 179,000 2 142

Oct-13 59,900 7 347

Sep-13 300,000 3 66

Aug-13 10,500 4 426

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 4: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-2013 vs Aug-2014: The median price of for sale properties is up 17% and the median price of sold properties is up 817%

Accurate Valuations Group

Aug-2013 vs. Aug-2014

115,000 17

William Cobb

135,000Aug-2014

Median For Sale vs Median Sold

ChangeAug-2013 %20,000

Aug-2013 Aug-2014 %10,500 817

Aug-2013 vs. Aug-2014

96,250Change85,750

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 5: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Median For Sale vs Median SoldAug-2013 vs Aug-2014: The median price of for sale properties is up 17% and the median price of sold properties is up 817%

Accurate Valuations GroupWilliam Cobb

For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price Difference

Time Period

Aug-14 97 3135,000 96,250 -38,750Jul-14 110 4142,125 357,500 215,375Jun-14 113 4145,000 260,000 115,000May-14 106 2150,000 27,499 -122,501Apr-14 109 2150,000 150,725 725Mar-14 106 4147,500 500 -147,000Feb-14 99 0155,000 -155,000Jan-14 99 3150,000 45,000 -105,000Dec-13 109 3138,500 350 -138,150Nov-13 117 2125,000 179,000 54,000Oct-13 119 7120,000 59,900 -60,100Sep-13 116 3115,000 300,000 185,000Aug-13 123 4115,000 10,500 -104,500

Clarus MarketMetrics®Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

09/15/201422/

Page 6: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-20143

Aug-20134

%-25

Change-1

Aug-2013 vs Aug-2014: The number of Sold properties is down -25%Sold Properties by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 7: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Sold Properties by MonthAug-2013 vs Aug-2014: The number of Sold properties is down -25%

Accurate Valuations GroupWilliam Cobb

Time Period Units Median Price Avg DOM

Aug-14 96,2503 93Jul-14 357,5004 111Jun-14 260,0004 130May-14 27,4992 186Apr-14 150,7252 88Mar-14 5004 173Feb-14 0Jan-14 45,0003 182Dec-13 3503 1,454Nov-13 179,0002 142Oct-13 59,9007 347Sep-13 300,0003 66Aug-13 10,5004 426

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 8: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-20140

Aug-20136

%-100

Change-6

Aug-2013 vs Aug-2014: The number of Under Contract properties is down -100%Under Contract Properties by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

AllBathrooms: SqFt:All

: Commercial

All Square FootageConstruction Type: Lot Size:GBRAR

East Baton Rouge

Period: 1 Year MonthlyPrice:MLS:

All AllAll

Property Types:

Bedrooms:

Counties:

Page 9: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Under Contract Properties by MonthAug-2013 vs Aug-2014: The number of Under Contract properties is down -100%

Accurate Valuations GroupWilliam Cobb

Units Avg DOMMedian PriceTime PeriodAug-14 0Jul-14 110,0005 49Jun-14 219,9005 128May-14 150,0003 75Apr-14 193,3452 88Mar-14 6505 196Feb-14 0Jan-14 563,0082 90Dec-13 3503 1,454Nov-13 186,5002 242Oct-13 40,0876 384Sep-13 115,0001 5Aug-13 41,3506 333

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 10: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-20147

Aug-201316

%-56

Change-9

Aug-2013 vs Aug-2014: The number of New properties is down -56%New Properties by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 11: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

New Properties by MonthAug-2013 vs Aug-2014: The number of New properties is down -56%

Accurate Valuations GroupWilliam Cobb

Units Median PriceTime PeriodAug-14 73,5007Jul-14 211,50012Jun-14 135,00016May-14 92,45010Apr-14 136,50016Mar-14 33,50015Feb-14 187,00010Jan-14 397,0006Dec-13 114,9002Nov-13 179,75010Oct-13 154,95010Sep-13 138,5009Aug-13 97,50016

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 12: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-201497

Aug-2013123

%-21

Change-26

Aug-2013 vs Aug-2014: The number of For Sale properties is down -21%For Sale Properties by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 13: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

For Sale Properties by MonthAug-2013 vs Aug-2014: The number of For Sale properties is down -21%

Accurate Valuations GroupWilliam Cobb

Units Avg DOMMedian PriceTime Period

Aug-14 135,00097 262Jul-14 142,125110 255Jun-14 145,000113 257May-14 150,000106 267Apr-14 150,000109 262Mar-14 147,500106 299Feb-14 155,00099 314Jan-14 150,00099 306Dec-13 138,500109 331Nov-13 125,000117 315Oct-13 120,000119 315Sep-13 115,000116 307Aug-13 115,000123 303

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 14: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-20147

Aug-201310

%-30

Change-3

Aug-2013 vs Aug-2014: The number of Expired properties is down -30%Expired Properties by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

09/15/2014Clarus MarketMetrics® 1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 15: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Expired Properties by MonthAug-2013 vs Aug-2014: The number of Expired properties is down -30%

Accurate Valuations GroupWilliam Cobb

Avg DOMUnits Median PriceAug-14 90,0007 503Jul-14 155,00015 348Jun-14 195,00010 329May-14 112,4506 342Apr-14 64,00011 282Mar-14 144,2508 679Feb-14 204,5008 271Jan-14 92,5008 207Dec-13 100,00013 326Nov-13 79,5008 433Oct-13 110,0006 270Sep-13 199,5006 226Aug-13 145,00010 319

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 16: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-2013 vs Aug-2014: The number of for sale properties is down -21% and the number of sold properties is down -25%

Accurate Valuations Group

Aug-2013 vs. Aug-2014

123 -21

William Cobb

97Aug-2014

Supply & Demand by Month

ChangeAug-2013 %-26

Aug-2013 Aug-2014 %4 -25

Aug-2013 vs. Aug-2014

3Change

-1

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 17: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Supply & Demand by MonthAug-2013 vs Aug-2014: The number of for sale properties is down -21% and the number of sold properties is down -25%

William Cobb Accurate Valuations Group

For Sale Sold# Properties

Avg DOM Avg DOM# Properties

Time Period

Aug-14 262 9397 3Jul-14 255 111110 4Jun-14 257 130113 4May-14 267 186106 2Apr-14 262 88109 2Mar-14 299 173106 4Feb-14 31499 0Jan-14 306 18299 3Dec-13 331 1,454109 3Nov-13 315 142117 2Oct-13 315 347119 7Sep-13 307 66116 3Aug-13 303 426123 4

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/

Page 18: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-20140

Aug-2013333

%-100

Change-333

Aug-2013 vs Aug-2014: The average days on market is down -100%The Average Days on Market by Month

Accurate Valuations Group

Aug-2013 vs. Aug-2014

William Cobb

East Baton RougeAll 1 Year Monthly

Counties:Period:Price:

Property Types: : Commercial

09/15/20141/2Clarus MarketMetrics®

All Square FootageBedrooms: All AllSqFt:

All Lot Size:Bathrooms:AllConstruction Type:MLS: GBRAR

Page 19: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

The Average Days on Market by MonthAug-2013 vs Aug-2014: The average days on market is down -100%

Accurate Valuations GroupWilliam Cobb

# UC UnitsAvg DOMTime PeriodAug-14 0Jul-14 549Jun-14 5128May-14 375Apr-14 288Mar-14 5196Feb-14 0Jan-14 290Dec-13 31,454Nov-13 2242Oct-13 6384Sep-13 15Aug-13 6333

Clarus MarketMetrics® 2/2 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

Page 20: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Aug-2013 vs Aug-2014: The average months supply of inventory is down -100%

Accurate Valuations Group

Aug-2013 vs. Aug-2014

17.8 -100

William Cobb

0Aug-2014

Months Supply of Inventory

ChangeAug-2013 %-17.8

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:All All Square FootagePeriod:All

Counties:Property Types: : Commercial

East Baton RougePrice:

Page 21: East Baton Rouge Commercial Real Estate Sales August 2013 vs August 2014

Months Supply of InventoryAug-2013 vs Aug-2014: The average months supply of inventory is down -100%

William Cobb Accurate Valuations Group

During MonthLast Day of Month MSI# Units For Sale # UC Units

UC Avg DOMTime Period

Aug-14 090Jul-14 5 4990 18.0Jun-14 5 12898 19.6May-14 3 7597 32.3Apr-14 2 8896 48.0Mar-14 5 19693 18.6Feb-14 091Jan-14 2 9089 44.5Dec-13 3 1,45493 31.0Nov-13 2 242107 53.5Oct-13 6 384107 17.8Sep-13 1 5109 109.0Aug-13 6 333107 17.8

Clarus MarketMetrics® 09/15/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

22/