Denham Springs La Housing Trends August 2011 versus August 2012

Median Sold Price by Month
Aug-11 vs. Aug-12: The median sold price is up 9%

Sold Properties by Month
Aug-11 vs. Aug-12: The number of sold properties is up 9%

Average Days on Market by Month
Aug-11 vs. Aug-12: The average days on market is up 15%

Months Supply of Inventory
Aug-11 vs. Aug-12: The average months supply of inventory is down -9.0%

Supply & Demand by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 10% and the number of sold properties is up 9%

For Sale Properties by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 10%

New Properties by Month
Aug-11 vs. Aug-12: The number of new properties is down 16%

Under Contract Properties by Month
Aug-11 vs. Aug-12: The number of under contract properties has not changed

Expired Properties by Month
Aug-11 vs. Aug-12: The number of expired properties is down 32%

Median For Sale vs. Median Sold
Aug-11 vs. Aug-12: The median price of for sale properties is up 4% and the median price of sold properties is up 9%

View The Full 20+ page Detailed PDF of these trends here:

Brought to you by Bill Cobb Appraiser and Baton Rouge Housing Reports Monthly Market Videos

GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 08/01/2011 to 09/15/2012. This information was extracted on 09/16/2012.

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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.denhamspringsappraisers.com/ – Denham Springs Home Sales Numbers Update Through Febuary 29, 2012.

DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012….there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%.

DECLINING SALES PRICES!

Of these 115 sales, average and median were $145,054 and ONLY $135,000. In 2011 same period, average and median were $150,276 and $139,450.

For Livingston Parish, These are important numbers!

LIVINGSTON PARISH SPECIFIC. Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%.

For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%.

Average Sold Price was unchanged.

Median Sold Price DOWN -$1,900 or -1%. We’re Still In CORRECTION MODE in Livingston Parish.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012.