Archives for 2010

St Tammany Parish Louisiana Foreclosure Sales

March 27, 2010 by admin Leave a Comment

Briefly, I want to mention the number of scheduled foreclosures, week to week, for St Tammany Parish is still on the rise. In the weeks ahead we will see numbers rise above 50 per week. To put this in perspective when we first began following the sales in late 2006 / early 2007 the average numbers were 20 – 25 per week. In 2008 this number rose to 30 – 35 per week, and in 2009 to 40 – 45 per week. Now we are in the 2nd quarter of 2010 and we are seeing over 50 per week. Not to be a pessimist, but we are not through this mess yet.

Thank You

Marc

St Tammany Parish, Louisiana Foreclosure Sale, Scheduled April 21st, 2010

March 25, 2010 by admin Leave a Comment

Download St Tammany Parish, LA Foreclosure Sale, April 21st, 2010

Attached above is a link to the latest Foreclosures / Distressed Properties list for St Tammany Parish. The Sheriff's sale for these properties is scheduled Wednesday April 21st, 2010 at 10:00 am on the first floor of the Justice Center located at 701 N Columbia St, Covington, LA 70433. This list is an Adobe PDF (Portable Document Format), and will require each user to view the document using the Free Adobe Reader. This program is available at http://www.adobe.com/products/acrobat/readstep2.html

If you have any questions regarding understanding this list or the availability of any of these properties, please do not hesitate to call or email and we will work with you to resolve any questions.

This list is provided as a free service.

Please consider Mauti Meredith Scoggin / GMAC when selling or purchasing a property in our local market.

We service both Residential and Commercial Real Estate.

Thank You

Marc Pellettiere

Properties Sold at the St Tammany Foreclosure Sale, March 24th, 2010

March 25, 2010 by admin Leave a Comment

Download Properties Sold, St Tammany Parish Foreclosure Sale, March 24th, 2010

Attached above is a scanned copy of the Sheriff's sale list for 3/24/10, along with my handwritten notes. I would say the sale was fairly heavily attended, 25 people or so, though with fully half the crowd being representatives for the Plaintiffs. Two of the properties were sold to private investors, all of the others went back to the banks. I am also attaching the Sheriff's list of cancelled sales for 3/24/10.

Download Properties Cancelled, St Tammany Parish Foreclosure Sale, March 24th, 2010

For more information, please contact.

Thank You

Marc

Madisonville, LA 70447, 3 Year Real Estate Review, South of I-12, West of the Tchefuncte River

March 22, 2010 by admin Leave a Comment

The graph above, (feel free to click to enlarge) illustrates a 3 year review of real estate activity for the City of Madisonville, South of I-12 and West of the Tchefuncta River. Major subdivisions in this area include; Arbor Walk, Black River Estates, Dominion, Tchefuncta Trace, Windermere, and many more. This graph tracks the number of new, active, and sold homes, as well the average sales price, on a month to month basis, from March 2007 to February 2010.

The first thing I notice is the number of active homes for sale, (green track), has steadily declined for almost 3 years. I would have to pull the numbers to be accurate, but from looking at this I would say the numbers are down almost 100 homes. A full 1/3 of the current market 2.5 years ago. Significant changes.

Looking further we see the average sales price of a home, (yellow track), in Madisonville is down almost 200K from 3 years ago. Yes the number has fluctuated greatly over the last 3 years, however the chart still reflects a steady decline in home values.

Lastly we are going to look at the number of new home listings, (red track), versus the number of sold homes, (blue track), at the same time. We see the number of new homes coming onto the market is higher than the number of sold homes, almost double early on in this timeline, (2007 and some of 2008). While the number of sold homes is mainly constant with a few small peaks. However as we follow the line closer to our present time, we see the tracks begin to merge, even juxtapose December of 2009. What scares me a little is the number of sold homes so far for 2010. Not to chide, but the track looks just above zero. A sharp decline, and the lowest 2 months in 3 years. A little foreboding if you ask me.

Well… please do not shoot the messenger. Madisonville is a beautiful place to live and the market will return in due time.

For any questions please contact us anytime. Email.

For an in-depth evaluation of YOUR homes current value, commonly called a CMA (current market analysis) or a BPO (broker price opinion), visit

www.StTammanyHomeEvaluation.com

We cover residential and commercial real estate for Mandeville, LA.

Thank You

Marc Pellettiere

Mauti Meredith Scoggin

Mandeville, LA, 3 Year Real Estate Review, South of I-12, East of Hwy 190

March 18, 2010 by admin Leave a Comment

The graph above, (feel free to click to enlarge) illustrates a 3 year review of real estate activity for the City of Mandeville, South of I-12 and East of Hwy 190. Major subdivisions in this area include; Greenleaves, Meadowbrook, The Reserve, Forest Brook, Hunter’s Glen, Rosedown, The Woodlands, Quail Creek, and many more. This graph tracks the number of new, active, and sold homes, as well the average sales price, on a month to month basis, from March 2007 to February 2010.

Looking at the top part of the graph I see the average sales price for this area has stayed very close to $250K for over a year. This is good, home values are stabilizing. I also see the number of active listings over this 3 year period has reduced by a full 1/3 going from 450 in 2007 to 300 in 2010. Mandeville’s over supply of homes is dwindling and this is good. Fewer listings, higher demand, hence higher values.

Lower down I see the number of new listings on the market has taken a 50% hit over the past 3 years, from 140 or so, down to less than 70 for sure. New construction has been the hardest hit. Now for the sold listings, well… over the last 3 years it looks like what I would expect. A humpback whale several times over. On a yearly basis a real estate market is very cyclical, with peak sales during the summer months and drops during the winter / holiday months. Like rolling hills.

If you have any questions or comments, feel free to post. For real estate services throughout St Tammany Parish, visit

www.TheScogginGroup.com

Thank You

Marc

Homes Sold at the St Tammany Parish Foreclosure Sale March 17th, 2010

March 17, 2010 by admin Leave a Comment

Download Properties Sold, St Tammany Foreclosure Sale, March 17th, 2010

Attached is an PDF scan of the properties which were sold today at the Covington Courthouse. Every property went back to the bank except for 1 which was sold to a private investor. This property was actually bid upon by 2 investors whom went back and forth several times to finally settle on a number in the 60K range.

I am also attaching a PDF scan of the cancelled sales for 3/17/2010. Hope you enjoy.

Download Properties Cancelled, St Tammany Foreclosure Sale, March 17th, 2010

Thank You

Marc

Mandeville Louisiana, 3 Year Real Estate Review, South of I-12 and West of Hwy 190

March 17, 2010 by admin Leave a Comment

The graph above, (feel free to click to enlarge) illustrates a 3 year review of real estate activity for the City of Mandeville, South of I-12 and West of Hwy 190. Major subdivisions in this area include; Beau Chene, Covington Country Club, Riverwood, Beau Rivage, Fontainebleau, The Sanctuary, and many more. This graph tracks the number of new, active, and sold homes, as well the average sales price, on a month to month basis, from March 2007 to February 2010.

The biggest insight I find here is the number of active listings. This number has dropped for the past 6 months, and as the inventory of homes decreases then prices will increase. Fewer homes on the market creates demand and value. Looking at this microcosm I see prices on the rise, for the short futures. The number of homes must continue to decrease for the values to continue to rise. Simple supply and demand.

For any questions, please contact us. Email

For an in-depth evaluation of YOUR homes current price, commonly called a CMA (current market analysis) or a BPO (broker price opinion), visit

www.StTammanyHomeEvaluation.com

We cover residential and commercial real estate for Mandeville, LA.

Thank You

Marc Pellettiere

Mauti Meredith Scoggin

St Tammany Parish Louisiana Foreclosure Sale, Scheduled April 14th, 2010

March 16, 2010 by admin Leave a Comment

Download St Tammany Parish Foreclosure Sale, April 14th, 2010

Attached above is a link to the latest Foreclosures / Distressed Properties list for St Tammany Parish. The Sheriff's sale for these properties is scheduled Wednesday, April 14th, 2010 at 10:00 am on the first floor of the Justice Center located at 701 N Columbia St, Covington, LA 70433. This list is an Adobe PDF (Portable Document Format), and will require each user to view the document using the Free Adobe Reader. This program is available at http://www.adobe.com/products/acrobat/readstep2.html

If you have any questions regarding understanding this list or the availability of any of these properties, please do not hesitate to call or email and we will work with you to resolve any questions.

This list is provided as a free service.

Please consider Mauti Meredith Scoggin / GMAC when selling or purchasing a property in our local market.

We service both Residential and Commercial Real Estate.

Thank You

Marc Pellettiere

Slidell, Louisiana, Days on Market and List Price vs. Sales Price Review, 2009

March 15, 2010 by admin Leave a Comment

These charts contain date from the entire year 2009.

I also need to say that this chart includes the Cities of Pearl River and Lacombe to complement Slidell. This report could easily be called the East St Tammany real estate review. 🙂

30% of the homes listed in 09 sold in less than 30 days, but almost 1/3 took longer than 120 days. Ok but not great. In comparison to crunches many others are feeling these numbers I feel are good.

When you look at list price versus sales price the numbers here look good. Not more than 6% off of list price in 09. Buyers were able to negotiate a little but not too much. Sellers are able to stand firm on their asking prices.

For more information on Your homes current value in Slidell, visit

www.StTammanyHomeEvalution.com'

Thank You

Marc

Abbott and Costello, “Who’s on First?” One of the Best.

March 14, 2010 by admin Leave a Comment

Came across this in my surfings. I used to love this skit as a kid. Great entertainment.

Marc