Denham Springs LA South Point Subdivision Q2 2008 Versus Q2 2011 Housing Report

8/4/2019 Denham Springs LA South Point Subdivision Q2 2008 Versus Q2 2011 Housing Report

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09/11/2011Clarus MarketMetrics®

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

Denham Springs, LA 70726

William CobbAccurate Valuations Group

Market Dynamics

Prepared For

1 of 19



Q2 2011

129,900

Q2 2008

152,400

%

-15%

Change

-22,500

Q2 2008 vs. Q2 2011: The median sold price is down 15%Median Sold Price by Quarter

Accurate Valuations Group

Q2 2008 vs. Q2 2011

William Cobb

Clarus MarketMetrics® 1 of 2 09/11/2011Information not guaranteed. © 2009-2010 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).

AllBathrooms:MLS: All$1,000-$250,000

Sq Ft:

South Point

Residential: (Detached Single Family)

Period: All All

Property Types:

Subdivision:

All

Construction Type:Price: Lot Size:Bedrooms:3 years (quarterly)GBRAR

2 of 19



Median Sold Price by QuarterQ2 2008 vs. Q2 2011: The median sold price is down 15%

Accurate Valuations GroupWilliam Cobb

Time Period Median Price # Units Average DOM

Q2 2011 129,900 11 78

Q1 2011 128,000 9 102

Q4 2010 148,950 2 98

Q3 2010 169,850 3 96

Q2 2010 162,000 8 86

Q1 2010 146,750 12 85

Q4 2009 158,000 10 79

Q3 2009 133,700 8 85

Q2 2009 139,900 9 143

Q1 2009 140,500 10 56

Q4 2008 147,500 13 102

Q3 2008 162,500 10 147

Q2 2008 152,400 12 86

Clarus MarketMetrics® 2 of 2 09/11/2011


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Q2 08 vs. Q2 11: The median price of for sale properties is down 4% and the median price of sold properties is down 15%


Q2 2008 vs. Q2 2011

155,900 -4%

William Cobb

149,500

Q2 2011

Median For Sale vs. Median Sold

ChangeQ2 2008 %

-6,400

Q2 2008 Q2 2011 %

152,400 -15%

Q2 2008 vs. Q2 2011

129,900

Change

-22,500




Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


4 of 19



Median For Sale vs. Median SoldQ2 08 vs. Q2 11: The median price of for sale properties is down 4% and the median price of sold properties is down 15%


Time Period For SaleMedian SoldMedianFor Sale # Properties # PropertiesSold Price

Difference

Q2 2011 35 11149,500 129,900 -19,600

Q1 2011 37 9131,900 128,000 -3,900

Q4 2010 30 2149,900 148,950 -950

Q3 2010 35 3156,500 169,850 13,350

Q2 2010 29 8157,000 162,000 5,000

Q1 2010 35 12157,000 146,750 -10,250

Q4 2009 26 10154,950 158,000 3,050

Q3 2009 34 8153,450 133,700 -19,750

Q2 2009 35 9149,900 139,900 -10,000

Q1 2009 41 10145,900 140,500 -5,400

Q4 2008 38 13151,000 147,500 -3,500

Q3 2008 45 10159,000 162,500 3,500

Q2 2008 51 12155,900 152,400 -3,500

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

2 of 2 09/11/2011

5 of 19



Q2 2011

11

Q2 2008

12

%

-8%

Change

-1

Q2 2008 vs. Q2 2011: The number of Sold properties is down 8%Sold Properties by Quarter


Q2 2008 vs. Q2 2011

William Cobb




Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


6 of 19



Sold Properties by QuarterQ2 2008 vs. Q2 2011: The number of Sold properties is down 8%


Time Period # Properties Median Price Average DOMQ2 2011 129,90011 78

Q1 2011 128,0009 102

Q4 2010 148,9502 98

Q3 2010 169,8503 96

Q2 2010 162,0008 86

Q1 2010 146,75012 85

Q4 2009 158,00010 79

Q3 2009 133,7008 85Q2 2009 139,9009 143

Q1 2009 140,50010 56

Q4 2008 147,50013 102

Q3 2008 162,50010 147

Q2 2008 152,40012 86


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Q2 2011

6

Q2 2008

13

%

-54%

Change

-7

Q2 2008 vs. Q2 2011: The number of Under Contract properties is down 54%Under Contract Properties by Quarter


Q2 2008 vs. Q2 2011

William Cobb




Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


8 of 19



Under Contract Properties by QuarterQ2 2008 vs. Q2 2011: The number of Under Contract properties is down 54%



Q1 2011 128,90015 87

Q4 2010 151,9001 29

Q3 2010 157,4254 114

Q2 2010 159,9005 90

Q1 2010 148,90013 85

Q4 2009 149,9007 77

Q3 2009 150,0009 71Q2 2009 143,9009 95

Q1 2009 144,45012 102

Q4 2008 147,45014 108

Q3 2008 163,9007 162

Q2 2008 154,90013 84


9 of 19



Q2 2011

20

Q2 2008

22

%

-9%

Change

-2

Q2 2008 vs. Q2 2011: The number of New properties is down 9%New Properties by Quarter


Q2 2008 vs. Q2 2011

William Cobb




Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


10 of 19



New Properties by QuarterQ2 2008 vs. Q2 2011: The number of New properties is down 9%


Time Period # Properties Median PriceQ2 2011 149,70020

Q1 2011 139,90018

Q4 2010 128,45012

Q3 2010 156,50013

Q2 2010 148,70014

Q1 2010 161,00020

Q4 2009 149,9009

Q3 2009 149,95018Q2 2009 155,00013

Q1 2009 143,90021

Q4 2008 136,95012

Q3 2008 157,45016

Q2 2008 154,45022


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Q2 2011

35

Q2 2008

51

%

-31%

Change

-16

Q2 2008 vs. Q2 2011: The number of For Sale properties is down 31%For Sale Properties by Quarter


Q2 2008 vs. Q2 2011

William Cobb




Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


12 of 19



For Sale Properties by QuarterQ2 2008 vs. Q2 2011: The number of For Sale properties is down 31%



Q1 2011 131,90037 89

Q4 2010 149,90030 106

Q3 2010 156,50035 105

Q2 2010 157,00029 79

Q1 2010 157,00035 80

Q4 2009 154,95026 97

Q3 2009 153,45034 86Q2 2009 149,90035 111

Q1 2009 145,90041 116

Q4 2008 151,00038 129

Q3 2008 159,00045 125

Q2 2008 155,90051 100


13 of 19



Q2 2011

8

Q2 2008

9

%

-11%

Change

-1

Q2 2008 vs. Q2 2011: The number of Expired properties is down 11%Expired Properties by Quarter


Q2 2008 vs. Q2 2011

William Cobb



Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


14 of 19



Expired Properties by QuarterQ2 2008 vs. Q2 2011: The number of Expired properties is down 11%


Time Period Median Price# Properties Average DOMQ2 2011 149,7008 102

Q1 2011 160,0007 117

Q4 2010 155,85010 166

Q3 2010 156,90013 150

Q2 2010 163,9002 108

Q1 2010 191,5007 134

Q4 2009 157,4504 91

Q3 2009 145,9508 149Q2 2009 147,45010 163

Q1 2009 159,0007 166

Q4 2008 159,4004 150

Q3 2008 163,45012 122

Q2 2008 158,5009 132


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Q2 2008 vs. Q2 2011: The number of for sale properties is down 31% and the number of sold properties is down 8%


Q2 2008 vs. Q2 2011

51 -31%

William Cobb

35

Q2 2011

Supply & Demand by Quarter

ChangeQ2 2008 %

-16

Q2 2008 Q2 2011 %

12 -8%

Q2 2008 vs. Q2 2011

11

Change

-1



Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


16 of 19

Willi C bb A t V l ti G



Supply & Demand by QuarterQ2 2008 vs. Q2 2011: The number of for sale properties is down 31% and the number of sold properties is down 8%

William Cobb Accurate Valuations Group

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

Q2 2011 74 7835 11

Q1 2011 89 10237 9

Q4 2010 106 9830 2

Q3 2010 105 9635 3

Q2 2010 79 8629 8

Q1 2010 80 8535 12

Q4 2009 97 7926 10

Q3 2009 86 8534 8

Q2 2009 111 14335 9

Q1 2009 116 5641 10

Q4 2008 129 10238 13

Q3 2008 125 14745 10

Q2 2008 100 8651 12


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Q2 2011

87

Q2 2008

84

%

+3%

Change

3

Q2 2008 vs. Q2 2011: The average days on market is up 3%The Average Days on Market by Quarter


Q2 2008 vs. Q2 2011

William Cobb



Sq Ft:

South Point


Period: All All

Property Types:

Subdivision:

All


18 of 19




The Average Days on Market by QuarterQ2 2008 vs. Q2 2011: The average days on market is up 3%


Time Period # UC UnitsAverage DOM

Q2 2011 687

Q1 2011 1587

Q4 2010 129

Q3 2010 4114

Q2 2010 590

Q1 2010 1385

Q4 2009 777

Q3 2009 971

Q2 2009 995

Q1 2009 12102

Q4 2008 14108

Q3 2008 7162

Q2 2008 1384



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Denham Springs LA South Point Subdivision Q2 2008 Versus Q2 2011 Housing Report

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