greater baton rouge gbrmls q3 11 10 2010 to 11 10 2011 1 year housing study

8/3/2019 Greater Baton Rouge GBRMLS Q3 11 10 2010 to 11 10 2011 1 Year Housing Study

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11/10/2011Clarus MarketMetrics®

Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

GBRMLS Q3 2010-2011, Greater Baton Rouge, LA

William CobbAccurate Valuations Group

Market Dynamics

Prepared For

1 of 21



Oct-11

170,000

Oct-10

168,000

%

+1%

Change

2,000

Oct-10 vs. Oct-11: The median sold price is up 1%Median Sold Price by Month

Accurate Valuations Group

Oct-10 vs. Oct-11

William Cobb

Clarus MarketMetrics® 1 of 2 11/10/2011


AllBathrooms:MLS: AllAll

Sq Ft:

EBR MLS AREA 11, EBR MLS AREA 12, EBR MLS AREA 13, EBR MLS AREA 21, EBR MLS AREA 22, EBR MLS AREA 31, EBR MLS AREA 41, EBR MLS AREA 42, EBR MLS AREA 43, EBR MLS AREA

Residential: (Detached Single Family, Residential Attached, Preconstruction DSF, Preconstruction ASF)

Period: All All

Property Types:

MLS Area:

All

Construction Type:Price: Lot Size:Bedrooms:1 year (monthly)GBRAR

2 of 21



Median Sold Price by MonthOct-10 vs. Oct-11: The median sold price is up 1%

Accurate Valuations GroupWilliam Cobb

Time Period Median Price # Units Average DOM

Oct-11 170,000 474 105

Sep-11 165,000 569 94

Aug-11 169,900 646 101

Jul-11 172,000 558 90

Jun-11 174,500 628 101

May-11 167,950 542 113

Apr-11 165,000 467 112

Mar-11 169,950 516 100Feb-11 165,000 391 102

Jan-11 167,750 338 102

Dec-10 169,950 428 97

Nov-10 176,000 358 93

Oct-10 168,000 419 92



3 of 21



Oct-10 vs. Oct-11: The median price of for sale properties is down 4% and the median price of sold properties is up 1%


Oct-10 vs. Oct-11

176,250 -4%

William Cobb

169,900

Oct-11

Median For Sale vs. Median Sold

ChangeOct-10 %

-6,350

Oct-10 Oct-11 %

168,000 +1%

Oct-10 vs. Oct-11

170,000

Change

2,000




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


4 of 21



Median For Sale vs. Median SoldOct-10 vs. Oct-11: The median price of for sale properties is down 4% and the median price of sold properties is up 1%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Oct-11 5,054 474169,900 170,000 100

Sep-11 5,107 569169,900 165,000 -4,900

Aug-11 5,358 646169,900 169,900 0

Jul-11 5,424 558170,000 172,000 2,000

Jun-11 5,506 628170,000 174,500 4,500

May-11 5,482 542172,000 167,950 -4,050

Apr-11 5,409 467172,000 165,000 -7,000

Mar-11 5,301 516170,000 169,950 -50

Feb-11 5,052 391173,450 165,000 -8,450

Jan-11 5,080 338173,000 167,750 -5,250

Dec-10 4,938 428174,100 169,950 -4,150

Nov-10 5,091 358175,000 176,000 1,000

Oct-10 5,242 419176,250 168,000 -8,250

Clarus MarketMetrics® Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

2 of 2 11/10/2011

5 of 21



Oct-11

474

Oct-10

419

%

+13%

Change

55

Oct-10 vs. Oct-11: The number of Sold properties is up 13%Sold Properties by Month


Oct-10 vs. Oct-11

William Cobb




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


6 of 21



Sold Properties by MonthOct-10 vs. Oct-11: The number of Sold properties is up 13%


Time Period # Properties Median Price Average DOM

Oct-11 170,000474 105

Sep-11 165,000569 94

Aug-11 169,900646 101

Jul-11 172,000558 90

Jun-11 174,500628 101

May-11 167,950542 113

Apr-11 165,000467 112

Mar-11 169,950516 100Feb-11 165,000391 102

Jan-11 167,750338 102

Dec-10 169,950428 97

Nov-10 176,000358 93

Oct-10 168,000419 92

Clarus MarketMetrics® 2 of 2 11/10/2011Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

7 of 21



Oct-11

554

Oct-10

409

%

+35%

Change

145

Oct-10 vs. Oct-11: The number of Under Contract properties is up 35%Under Contract Properties by Month


Oct-10 vs. Oct-11

William Cobb




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


8 of 21



Under Contract Properties by MonthOct-10 vs. Oct-11: The number of Under Contract properties is up 35%


Time Period # Properties Median Price Average DOMOct-11 168,200554 98

Sep-11 170,600536 102

Aug-11 169,900649 103

Jul-11 175,000577 110

Jun-11 169,900617 101

May-11 174,900606 92

Apr-11 177,000566 116

Mar-11 169,900561 102Feb-11 174,950450 106

Jan-11 165,000442 106

Dec-10 179,900305 99

Nov-10 169,900380 98

Oct-10 177,093409 94


9 of 21



Oct-11

927

Oct-10

812

%

+14%

Change

115

Oct-10 vs. Oct-11: The number of New properties is up 14%New Properties by Month


Oct-10 vs. Oct-11

William Cobb




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


10 of 21



New Properties by MonthOct-10 vs. Oct-11: The number of New properties is up 14%


Time Period # Properties Median PriceOct-11 165,000927

Sep-11 173,900865

Aug-11 164,900947

Jul-11 168,350974

Jun-11 169,9001,011

May-11 170,0001,010

Apr-11 174,9001,032

Mar-11 169,9001,060Feb-11 169,950848

Jan-11 174,9251,042

Dec-10 155,300640

Nov-10 164,900729

Oct-10 169,900812


11 of 21



Oct-11

5,054

Oct-10

5,242

%

-4%

Change

-188

Oct-10 vs. Oct-11: The number of For Sale properties is down 4%For Sale Properties by Month


Oct-10 vs. Oct-11

William Cobb




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


12 of 21



For Sale Properties by MonthOct-10 vs. Oct-11: The number of For Sale properties is down 4%


Time Period # Properties Median Price Average DOMOct-11 169,9005,054 153

Sep-11 169,9005,107 151

Aug-11 169,9005,358 149

Jul-11 170,0005,424 148

Jun-11 170,0005,506 146

May-11 172,0005,482 144

Apr-11 172,0005,409 144

Mar-11 170,0005,301 146Feb-11 173,4505,052 148

Jan-11 173,0005,080 148

Dec-10 174,1004,938 157

Nov-10 175,0005,091 146

Oct-10 176,2505,242 140


13 of 21



Oct-11

412

Oct-10

471

%

-13%

Change

-59

Oct-10 vs. Oct-11: The number of Expired properties is down 13%Expired Properties by Month


Oct-10 vs. Oct-11

William Cobb




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


14 of 21



Expired Properties by MonthOct-10 vs. Oct-11: The number of Expired properties is down 13%


Time Period Median Price# Properties Average DOMOct-11 169,700412 176

Sep-11 164,950444 162

Aug-11 165,000467 186

Jul-11 170,000436 177

Jun-11 163,500439 182

May-11 179,000381 175

Apr-11 162,900371 187

Mar-11 167,500363 195Feb-11 179,900361 172

Jan-11 178,200434 190

Dec-10 171,900595 203

Nov-10 179,900413 162

Oct-10 164,900471 176


15 of 21



Oct-10 vs. Oct-11: The number of for sale properties is down 4% and the number of sold properties is up 13%


Oct-10 vs. Oct-11

5,242 -4%

William Cobb

5,054

Oct-11

Supply & Demand by Month

ChangeOct-10 %

-188

Oct-10 Oct-11 %

419 +13%

Oct-10 vs. Oct-11

474

Change

55



Sq Ft:



Period: All All

Property Types:

MLS Area:

All


16 of 21

Willi C bb A t V l ti G



Supply & Demand by MonthOct-10 vs. Oct-11: The number of for sale properties is down 4% and the number of sold properties is up 13%

William Cobb Accurate Valuations Group

Time Period For SaleFor Sale SoldSold# Properties Average DOM Average DOM# Properties

Oct-11 153 1055,054 474

Sep-11 151 945,107 569

Aug-11 149 1015,358 646

Jul-11 148 905,424 558

Jun-11 146 1015,506 628

May-11 144 1135,482 542

Apr-11 144 1125,409 467

Mar-11 146 1005,301 516

Feb-11 148 1025,052 391

Jan-11 148 1025,080 338

Dec-10 157 974,938 428

Nov-10 146 935,091 358

Oct-10 140 925,242 419


17 of 21




Oct-11

98

Oct-10

94

%

+4%

Change

3

Oct-10 vs. Oct-11: The average days on market is up 4%The Average Days on Market by Month


Oct-10 vs. Oct-11

William Cobb



Sq Ft:



Period: All All

Property Types:

MLS Area:

All


18 of 21




The Average Days on Market by MonthOct-10 vs. Oct-11: The average days on market is up 4%


Time Period # UC UnitsAverage DOM

Oct-11 55498

Sep-11 536102

Aug-11 649103

Jul-11 577110

Jun-11 617101

May-11 60692

Apr-11 566116

Mar-11 561102

Feb-11 450106

Jan-11 442106

Dec-10 30599

Nov-10 38098

Oct-10 40994


19 of 21




Oct-10 vs. Oct-11: The average months supply of inventory is down 31%


Oct-10 vs. Oct-11

10.7 -31%

William Cobb

7.4

Oct-11

Months Supply of Inventory

ChangeOct-10 %

-3.3




Sq Ft:



Period: All All

Property Types:

MLS Area:

All


20 of 21




Months Supply of InventoryOct-10 vs. Oct-11: The average months supply of inventory is down 31%


Time Period During MonthLast Day of Month DOMMSI# Units For Sale # UC Units UC Average

Oct-11 554 984,088 7.4

Sep-11 536 1024,127 7.7

Aug-11 649 1034,242 6.5

Jul-11 577 1104,411 7.6

Jun-11 617 1014,450 7.2

May-11 606 924,495 7.4

Apr-11 566 1164,472 7.9

Mar-11 561 1024,377 7.8

Feb-11 450 1064,241 9.4

Jan-11 442 1064,204 9.5

Dec-10 305 994,038 13.2

Nov-10 380 984,298 11.3

Oct-10 409 944,362 10.7



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greater baton rouge gbrmls q3 11 10 2010 to 11 10 2011 1 year housing study

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