east baton rouge new home sales september 2013 vs 2014

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Sep-2014 226,175 Sep-2013 234,245 % -3 Change -8,070 Sep-2013 vs Sep-2014: The median sold price is down -3% Median Sold Price by Month Accurate Valuations Group Sep-2013 vs. Sep-2014 William Cobb Clarus MarketMetrics® 10/22/2014 Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners). 1/2 MLS: GBRAR Bedrooms: All All Construction Type: All 1 Year Monthly SqFt: Bathrooms: Lot Size: New All Square Footage Period: All Counties: Property Types: : Residential East Baton Rouge Price:

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East Baton Rouge New Home Sales September 2013 vs 2014 Published by Bill Cobb, Greater Baton Rouge's Home Appraiser 225-293-1500 http://www.homeappraisalsbatonrouge.com Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 09/01/2013 to 09/30/2013 vs 09/01/2014 to 09/30/2014, extracted on 10/22/2014.

TRANSCRIPT

Page 1: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-2014226,175

Sep-2013234,245

%-3

Change-8,070

Sep-2013 vs Sep-2014: The median sold price is down -3%Median Sold Price by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

William
Highlight
William
Highlight
Page 2: East Baton Rouge New Home Sales September 2013 vs 2014

Median Sold Price by MonthSep-2013 vs Sep-2014: The median sold price is down -3%

Accurate Valuations GroupWilliam Cobb

Sold Median Price Units Avg DOMTime Period

Sep-14 226,175 20 58

Aug-14 223,385 37 82

Jul-14 225,000 29 86

Jun-14 224,042 42 108

May-14 226,900 41 99

Apr-14 220,305 28 90

Mar-14 223,900 33 77

Feb-14 226,050 19 131

Jan-14 229,375 21 55

Dec-13 230,026 37 81

Nov-13 239,580 32 39

Oct-13 247,995 24 74

Sep-13 234,245 26 56

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 3: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-201420

Sep-201326

%-23

Change-6

Sep-2013 vs Sep-2014: The number of Sold properties is down -23%Sold Properties by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

William
Highlight
William
Highlight
Page 4: East Baton Rouge New Home Sales September 2013 vs 2014

Sold Properties by MonthSep-2013 vs Sep-2014: The number of Sold properties is down -23%

Accurate Valuations GroupWilliam Cobb

Time Period

Full Market

Units Median Price Avg DOM

Bank Properties

Units % Bank Median Price

Non-Bank Properties

Units % Non-Bank Median Price

Sep-14 226,17520 58 0 0.0 20 100.0 226,175

Aug-14 223,38537 82 0 0.0 37 100.0 223,385

Jul-14 225,00029 86 0 0.0 29 100.0 225,000

Jun-14 224,04242 108 0 0.0 42 100.0 224,042

May-14 226,90041 99 0 0.0 41 100.0 226,900

Apr-14 220,30528 90 0 0.0 28 100.0 220,305

Mar-14 223,90033 77 0 0.0 33 100.0 223,900

Feb-14 226,05019 131 0 0.0 19 100.0 226,050

Jan-14 229,37521 55 0 0.0 21 100.0 229,375

Dec-13 230,02637 81 0 0.0 37 100.0 230,026

Nov-13 239,58032 39 0 0.0 32 100.0 239,580

Oct-13 247,99524 74 0 0.0 24 100.0 247,995

Sep-13 234,24526 56 0 0.0 26 100.0 234,245

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

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Page 5: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-2013 vs Sep-2014: The average months supply of inventory is up 135.0%

Accurate Valuations Group

Sep-2013 vs. Sep-2014

3.2 135.0

William Cobb

7.5Sep-2014

Months Supply of Inventory

ChangeSep-2013 %4.3

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 6: East Baton Rouge New Home Sales September 2013 vs 2014

Months Supply of InventorySep-2013 vs Sep-2014: The average months supply of inventory is up 135.0%

William Cobb Accurate Valuations Group

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

UC Avg DOMTime Period

Sep-14 18 37135 7.5Aug-14 33 21131 4.0Jul-14 33 10988 2.7Jun-14 22 5994 4.3May-14 34 13383 2.4Apr-14 32 12388 2.8Mar-14 29 6597 3.3Feb-14 44 8595 2.2Jan-14 38 79113 3.0Dec-13 18 75117 6.5Nov-13 22 88112 5.1Oct-13 25 70101 4.0Sep-13 26 6883 3.2

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 7: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-201418

Sep-201326

%-31

Change-8

Sep-2013 vs Sep-2014: The number of Under Contract properties is down -31%Under Contract Properties by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

AllBathrooms: SqFt:New

: Residential

All Square FootageConstruction Type: Lot Size:GBRAR

East Baton Rouge

Period: 1 Year MonthlyPrice:MLS:

All AllAll

Property Types:

Bedrooms:

Counties:

Page 8: East Baton Rouge New Home Sales September 2013 vs 2014

Under Contract Properties by MonthSep-2013 vs Sep-2014: The number of Under Contract properties is down -31%

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodSep-14 271,90018 37 271,900100.0180.00Aug-14 255,00033 21 255,000100.0330.00Jul-14 271,90033 109 271,900100.0330.00Jun-14 218,94222 59 218,942100.0220.00May-14 241,90034 133 241,900100.0340.00Apr-14 225,40032 123 225,400100.0320.00Mar-14 218,64029 65 218,640100.0290.00Feb-14 224,90044 85 224,900100.0440.00Jan-14 214,20038 79 214,200100.0380.00Dec-13 218,94218 75 218,942100.0180.00Nov-13 237,17022 88 237,170100.0220.00Oct-13 226,90025 70 226,900100.0250.00Sep-13 201,70026 68 201,700100.0260.00

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 9: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-20146

Sep-20134

%50

Change2

Sep-2013 vs Sep-2014: The number of Expired properties is up 50%Expired Properties by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

10/22/2014Clarus MarketMetrics® 1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 10: East Baton Rouge New Home Sales September 2013 vs 2014

Expired Properties by MonthSep-2013 vs Sep-2014: The number of Expired properties is up 50%

Accurate Valuations GroupWilliam Cobb

Median Price Units% BankAvg DOMUnits Median Price

Bank Properties

Units

Non-Bank Properties

% Non-Bank Median Price

Full Market

Sep-14 424,9006 61 0 0.0 6 100.0 424,900Aug-14 400,0005 159 0 0.0 5 100.0 400,000Jul-14 306,4508 92 0 0.0 8 100.0 306,450Jun-14 287,0001 66 0 0.0 1 100.0 287,000May-14 254,9003 101 0 0.0 3 100.0 254,900Apr-14 413,9004 138 0 0.0 4 100.0 413,900Mar-14 261,5002 102 0 0.0 2 100.0 261,500Feb-14 289,9004 139 0 0.0 4 100.0 289,900Jan-14 443,8924 145 0 0.0 4 100.0 443,892Dec-13 1,047,5004 166 0 0.0 4 100.0 1,047,500Nov-13 595,0001 157 0 0.0 1 100.0 595,000Oct-13 459,9991 329 0 0.0 1 100.0 459,999Sep-13 454,4504 140 0 0.0 4 100.0 454,450

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 11: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-201437

Sep-201368

%-46

Change-31

Sep-2013 vs Sep-2014: The average days on market is down -46%The Average Days on Market by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

East Baton RougeAll 1 Year Monthly

Counties:Period:Price:

Property Types: : Residential

10/22/20141/2Clarus MarketMetrics®

All Square FootageBedrooms: All AllSqFt:

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

Page 12: East Baton Rouge New Home Sales September 2013 vs 2014

The Average Days on Market by MonthSep-2013 vs Sep-2014: The average days on market is down -46%

Accurate Valuations GroupWilliam Cobb

# UC UnitsAvg DOMTime PeriodSep-14 1837Aug-14 3321Jul-14 33109Jun-14 2259May-14 34133Apr-14 32123Mar-14 2965Feb-14 4485Jan-14 3879Dec-13 1875Nov-13 2288Oct-13 2570Sep-13 2668

Clarus MarketMetrics® 2/2 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

Page 13: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-201428

Sep-201330

%-7

Change-2

Sep-2013 vs Sep-2014: The number of New properties is down -7%New Properties by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 14: East Baton Rouge New Home Sales September 2013 vs 2014

New Properties by MonthSep-2013 vs Sep-2014: The number of New properties is down -7%

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankMedian Price

Bank Properties

Units

Non-Bank Properties

Time PeriodSep-14 342,40028 0 0.0 28 100.0 342,400Aug-14 248,00081 0 0.0 81 100.0 248,000Jul-14 250,00035 0 0.0 35 100.0 250,000Jun-14 251,25034 0 0.0 34 100.0 251,250May-14 254,82532 0 0.0 32 100.0 254,825Apr-14 264,90027 0 0.0 27 100.0 264,900Mar-14 216,98533 0 0.0 33 100.0 216,985Feb-14 270,90030 0 0.0 30 100.0 270,900Jan-14 214,20038 0 0.0 38 100.0 214,200Dec-13 209,15027 0 0.0 27 100.0 209,150Nov-13 225,90034 0 0.0 34 100.0 225,900Oct-13 225,90044 0 0.0 44 100.0 225,900Sep-13 208,10030 0 0.0 30 100.0 208,100

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 15: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-2014159

Sep-2013113

%41

Change46

Sep-2013 vs Sep-2014: The number of For Sale properties is up 41%For Sale Properties by Month

Accurate Valuations Group

Sep-2013 vs. Sep-2014

William Cobb

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 16: East Baton Rouge New Home Sales September 2013 vs 2014

For Sale Properties by MonthSep-2013 vs Sep-2014: The number of For Sale properties is up 41%

Accurate Valuations GroupWilliam Cobb

Median Price UnitsUnits Median Price% Non-Bank

Full Market

% BankAvg DOMMedian Price

Bank Properties

Units

Non-Bank Properties

Time Period

Sep-14 259,900159 84 0 0.0 159 100.0 259,900Aug-14 254,825169 64 0 0.0 169 100.0 254,825Jul-14 271,400129 95 0 0.0 129 100.0 271,400Jun-14 274,900117 90 0 0.0 117 100.0 274,900May-14 265,400120 106 0 0.0 120 100.0 265,400Apr-14 264,417124 117 0 0.0 124 100.0 264,417Mar-14 244,162128 108 0 0.0 128 100.0 244,162Feb-14 243,100143 107 0 0.0 143 100.0 243,100Jan-14 229,900155 102 0 0.0 155 100.0 229,900Dec-13 237,900139 103 0 0.0 139 100.0 237,900Nov-13 249,900135 95 0 0.0 135 100.0 249,900Oct-13 249,900127 91 0 0.0 127 100.0 249,900Sep-13 251,900113 98 0 0.0 113 100.0 251,900

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/

Page 17: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-2013 vs Sep-2014: The median price of for sale properties is up 3% and the median price of sold properties is down -3%

Accurate Valuations Group

Sep-2013 vs. Sep-2014

251,900 3

William Cobb

259,900Sep-2014

Median For Sale vs Median Sold

ChangeSep-2013 %8,000

Sep-2013 Sep-2014 %234,245 -3

Sep-2013 vs. Sep-2014

226,175Change-8,070

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 18: East Baton Rouge New Home Sales September 2013 vs 2014

Median For Sale vs Median SoldSep-2013 vs Sep-2014: The median price of for sale properties is up 3% and the median price of sold properties is down -3%

Accurate Valuations GroupWilliam Cobb

For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price Difference

Time Period

Sep-14 159 20259,900 226,175 -33,725Aug-14 169 37254,825 223,385 -31,440Jul-14 129 29271,400 225,000 -46,400Jun-14 117 42274,900 224,042 -50,858May-14 120 41265,400 226,900 -38,500Apr-14 124 28264,417 220,305 -44,112Mar-14 128 33244,162 223,900 -20,262Feb-14 143 19243,100 226,050 -17,050Jan-14 155 21229,900 229,375 -525Dec-13 139 37237,900 230,026 -7,874Nov-13 135 32249,900 239,580 -10,320Oct-13 127 24249,900 247,995 -1,905Sep-13 113 26251,900 234,245 -17,655

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

10/22/201422/

Page 19: East Baton Rouge New Home Sales September 2013 vs 2014

Sep-2013 vs Sep-2014: The number of for sale properties is up 41% and the number of sold properties is down -23%

Accurate Valuations Group

Sep-2013 vs. Sep-2014

113 41

William Cobb

159Sep-2014

Supply & Demand by Month

ChangeSep-2013 %46

Sep-2013 Sep-2014 %26 -23

Sep-2013 vs. Sep-2014

20Change

-6

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

1/2

MLS: GBRAR Bedrooms:AllAll

Construction Type:All1 Year Monthly SqFt:

Bathrooms: Lot Size:New All Square FootagePeriod:All

Counties:Property Types: : Residential

East Baton RougePrice:

Page 20: East Baton Rouge New Home Sales September 2013 vs 2014

Supply & Demand by MonthSep-2013 vs Sep-2014: The number of for sale properties is up 41% and the number of sold properties is down -23%

William Cobb Accurate Valuations Group

For Sale Sold# Properties

Avg DOM Avg DOM# Properties

Time Period

Sep-14 84 58159 20Aug-14 64 82169 37Jul-14 95 86129 29Jun-14 90 108117 42May-14 106 99120 41Apr-14 117 90124 28Mar-14 108 77128 33Feb-14 107 131143 19Jan-14 102 55155 21Dec-13 103 81139 37Nov-13 95 39135 32Oct-13 91 74127 24Sep-13 98 56113 26

Clarus MarketMetrics® 10/22/2014Information not guaranteed. © 2014 - 2015 Terradatum and its suppliers and licensors (www.terradatum.com/about/partners).

22/