Real Estate, News, and Information, for St Tammany Parish LA
Nicole Reese is presenting Mauti Meredith Scoggin's 1st Quarter Market Analysis for The Estates of Northpark, located in Covington, Louisiana. Nicole is reviewing the marketing trends for the first three months of 2012 including active, sold, pending and under contract properties as well as the pricing for both active and sold real estate.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
Daphne Misuraca presents the first quarter market analysis for Southdown Subdivision in Madisonville, Louisiana. These figures are for January, February and March of 2012 and represent marketing trends in one of the more higher demand subdivisions in West St. Tammany Parish. She briefly reviews pricing trends for sold and active listings as well as active, sold, under contract and pending properties for Southdown.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
This list covers the City of Slidell, LA 70458, 70460, and 70461. As well, this list includes data for the Cities of Pearl River, LA 70452, and Lacombe, LA 70445.
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99 Homes sold in Eastern St Tammany Parish for the month of March 2012, which is welcome increase, (almost 25%) from the lower volume, 76 homes, sold during the month of February. Nice!
However, I must mention the robo signing scandal. Soon we will see an increase in the number of homes being foreclosed on, and this does not bode well for current homeowners. In my opinion, there will be a price drop in residential home values due to these distressed properties hitting the market. Sellers beware, you are not out of the woods yet. And for Buyers, well the outlook looks good with more deals coming online. Good Lord willing once this wave breaks we will a slow, but steady, rise in home values.
It took us 5 years to get here. It will take us 5 years to get out…
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Download Homes Sold in Slidell, Lacombe and Pearl River, LA; March 2012
The attached Adobe PDF document contains:
•Property Address
•Age of Property
•Condition of Property
•Square Footage
•# of Beds
•# of Baths
•Original List Price
•Final Sold Price
•Final Sold Price per Square Foot
•# Days on Market
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Thank You
Marc Pellettiere
Forest Brook subdivision is the next community highlighted in Mauti Meredith Scoggin's new Quarterly Market Analysis. In this installment, Nicole Reese, presents figures for Forest Brook Subdivision located in Mandevillle, Louisiana. The areas looked at are high and low pricing, high and low sales along with sold, pending, active and under contract homes in the neighborhood.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
The next installment of the Mauti Meredith Scoggin Video Series features Quail Creek Subdivision located in Mandeville, Louisiana. Daphne Misuraca, a team member of The Scoggin Group, presents a brief market analysis for the first quarter of 2012 for Quail Creek featuring active, sold, under contract and pending properties.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
A timeless designed 4 bedroom 2 bathroom home you won't want to miss. Beautiful wood floors in foyer, dining, living room & bedrooms. Kitchen features slab granite counter tops, 42" custom cabinets and center island. Windows across Living & Breakfast overlook huge patio & private yard. (908802)
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
This list covers the City of Covington, LA 70433 and 70435, as well the Cities of Abita Springs, LA 70420, and Folsom, LA 70437.
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64 homes sold in the Covington, Abita Springs, and Folsom Louisiana area for the month of March 2012; which is a solid increase over the 50 homes sold in February. I sure do enjoy seeing an increase in sales volume. 🙂
Now, onto some news, the robo signing scandal has run its course and soon we will see an increase in the number of foreclosures processed. This is good and bad news, with consequences on both sides of the table. First this means no more empty, boarded up homes along the street as the homes are foreclosed upon, and any mortgage free squatters who are occuping the home will be evicted. Once the home has passed through foreclosure it will eventually be purchased by a home owner or an investor who will make the necessary repairs to revitalize the pride of home ownership to this house again. In turn preserving the home values of all of the properties in the area. Good Lord willing achieving long term appreciation.
For the short term; we will see a decrease in home values. I feel confident there will not be a flood of REOs hitting the market, though there will be a significant increase. A flood would crash property values and economist regulators should prevent this, though with the increase we will see a decrease in property values as the market absorbs the REOs. This will hurt current homeowners and the best I can say to Sellers for the rest of 2012 and possibly 2013 is to continue to maintain those battened down hatches, the weather outlook is still "overcast with a chance of thunderstorms"
On the other hand, for home Buyers there will still be many, lower priced, foreclosed homes on the market, and we all need these properties to be purchased as rapidly as possible to avoid a stagnation, and more depression, in the market. For home values to rise, the distressed houses have to be purchased, renovated and pride of ownership reinstalled.
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Download Homes Sold in Covington and Abita Springs, LA; March 2012
The attached Adobe PDF document contains:
•Property Address
•Age of Property
•Condition of Property
•Square Footage
•# of Beds
•# of Baths
•Original List Price
•Final Sold Price
•Final Sold Price per Square Foot
•# Days on Market
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Thank You
Marc Pellettiere
This is the first installment of our video series being presented by Nicole Reese of the Scoggin Group with Mauti Meredith Scoggin Properties. Nicole is presenting a brief analysis of the marketing trends for Beau Chene Subdivision in Mandeville, Louisiana. This video reviews the active, pending, under contract and sold properties along with the average sold and listing prices for the golf community.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
This is Mauti Meredith Scoggin's 6th installment of their new video series of market trends for some of the higher demand subdivisions located in Western St. Tammany Parish. Daphne Misuraca presents the solds, actives, pending and under contract properties for Fontainebleau Subdivision located in Mandeville, Louisiana.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
GREAT PRICE in a Great Neighbrhood! Corner Lot w/Beautiful Oaks in VILLA WEST-a Quiet, Friendly Community. Completely remodeled in 2004 & Regularly Maintained & updated since. Main House features 3 Bedrooms 2 1/2 Baths with large Kitchen, plenty of cabinets, large pantry, large living room that opens to covered concrete patio. Additional 576sf attached apartment with patio and HVAC. Storage, 2+ Car Garage, Workshop, Equipment Shed & closets galore. (891469)
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com