Real Estate Review

Covington and Abita Springs, LA Residential Home Sales Review, May 2010

June 15, 2010 by admin Leave a Comment

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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The above pie chart represents all the listings in the greater Covington area, and looks at the number of homes vs. the number of days the homes has been listed on the market.

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55 homes sales is a significant drop in the number from last month. Some of the decrease, I feel, could be contributed to the 1st time home buyer’s tax credit, and the rush to beat the deadline.

Download Covington, Abita Springs, Folsom, LA, Residential Real Estate Sales, May 2010

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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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Mandeville and Madisonville, LA Residential Home Sales Review, Month of May 2010

June 10, 2010 by admin Leave a Comment

The pie chart above illustrates data pulled for the Cities of Mandeville, LA 70448, 70471, as well Madisonville, LA 70447

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Above is a pie chart with the breakdown of the number of listings and how many days they have been on the market.

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72 home sales in the month of May, for the Cities of Mandeville and Madisonville. For the third month in a row an increase. In March the number was 66 a 20% jump from the previous month, and one of the highest totals in 3 years. In April the number was 71 and now in May 72. This is sweet. This puts a smile on a lot of people’s faces. 🙂 3 months in a row of positive numbers.

Download Mandeville and Madisonville, LA, Residential Real Estate Sales, May 2010

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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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Slidell, Pearl River and Lacombe, LA Real Estate Review, Month of April 2010

May 24, 2010 by admin Leave a Comment

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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135 home sales for the month of April 2010. This is a 25% increase from March. Wooohooo! Homes are beginning to sell. Lets hope the trend continues.

Download Slidell, Pearl River, Lacombe, LA, Residential Real Estate Sales, April 2010

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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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation

www.StTammanyHomeEvaluation.com

Covington and Abita Springs, LA Real Estate Review, Month of April 2010

May 17, 2010 by admin Leave a Comment

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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75 residential real estate home sales for the month if April 2010. Last month it was only 71 and that number was a big jump from the previous month. I love it. Lots of activity is a good thing. 🙂

Download Covington, Abita Springs, Folsom, LA, Residential Real Estate Sales, April 2010

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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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Covington, Louisiana 70433, Downtown and Surrounding Area, 3 Year Real Estate Review

May 11, 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 Covington, North of I-12 and West and South of Hwy 190. Major subdivisions in this area include; Northpark Estates, Versailles, Flowers Estates, Tallow Creek, Old Landing and also a large majority of Downtown Covington. 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 through February 2010.

Starting at the top, over the past 3 years the number of active homes for sale on the market (green) has fluctuated some, but in due course is on the same line as where it started.

However, the average sales price (yellow) of homes over the last 3 years looks like a seismic reading from an earthquake. The numbers are all over the place month to month, and currently reflect a small decrease in home values than where we were. I am also hesitant about placing a specific number on the decrease due to the wildly erratic graph line. I would have to say this is an effect from the lower number of sold (blue) homes over the same period. The anomalies’ ugly heads become more exposed. What I mean by anomalies are the; excellent condition homes with 5 acres which sell for $250.00 per SQFT, or the 4000 SQFT, poor condition homes which sell for $48.00 per SQFT. These far left and far right, price per square foot sales, throw wrenches into the works, skewing the numbers greatly. Therefore no consistency.7

Lastly, not much to say on the number of new homes (red) for sale on the market. The number has bounced a good bit month to month but has returned to almost the same number it started with. Coming full circle maybe?

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

www.TheScogginGroup.com

Thank You

Marc

Mandeville and Madisonville, Louisiana Real Estate Review, Month of April 2010.

May 10, 2010 by admin Leave a Comment

The pie chart above illustrates data pulled for the Cities of Mandeville, LA 70448, 70471, as well Madisonville, LA 70447

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71 residential home sales for Mandeville and Madisonville for the month of April. Wooot! Another increase. I love it. More sales equals less inventory equals higher home values and less days on market. I do want to temper the excitement due to the “First Time Home Buyer’s $8000.00 Tax Credit’s” deadline was in April. So… I am sure there are a few sales we could count in here as being a direct re-action to it. Either way I like it.

Download Mandeville and Madisonville, LA, Residential Real Estate Sales, April 2010

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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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Slidell, Pearl River and Lacombe, Louisiana Homes Sales Activity Report, March 2010

April 12, 2010 by admin Leave a Comment

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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108 homes sold during the month of March as compared to 44 for February. A 130%+ increase. Sweet. Maybe the clouds are beginning to part. 🙂

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Download Slidell, Pearl River, and Lacombe, LA Home Sales, March 2010

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

=====

Thank You

Marc Pellettiere

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation

www.StTammanyHomeEvaluation.com

Covington, Abita Springs, and Folsom, Louisiana Home Sales Activity Report March 2010

April 7, 2010 by admin Leave a Comment

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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71! Holy Jumping Grasshoppers, Batman!

In February this number was 28. A 150%+ Leap!

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Download Covington and Abita Springs, LA Home Sales, March, 2010

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

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Mandeville and Madisonville Louisiana Home Sales Activity Report March 2010

April 5, 2010 by admin Leave a Comment

The pie chart above illustrates data pulled for the Cities of Mandeville, LA 70448, 70471, as well Madisonville, LA 70447.

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66 homes sold for the month of March. A definite jump, 20% at least from last month. Good Signs! I like it.

Download Mandeville and Madisonville, LA Home Sales, March 2010

=====

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

=====

Thank You

Marc Pellettiere

985-867-8670

marcp@scogginproperties.com

For a FREE Home Evaluation,

www.StTammanyHomeEvaluation.com

Covington, LA 70433, East of Hwy 190, to include Harrison Avenue and Surrounding Area. 3 Year Real Estate Review

April 1, 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 Covington, North of I-12, East of Hwy 190, and West of Hwy 59. Major subdivisions in this area include; Crestwood, Tammany Hills, Arrowwood Estates, Kings Forest, Hollycrest, Southwind, Covington Meadows and 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 through February 2010.

First, the number of active listings (green) is down about 30 of over 160 homes from 3 years ago. My calculations equate this disparity to an almost 20% reduction in active homes on the market. This is significant because as the inventory of homes decreases, values will level out and begin to rise as demand surpasses supply.

When we look at the average sales price (yellow) over the last 3 years, we definitely see a decline in values. Being of generous mind I would say a little over 10%. I also know the numbers get even more confusing as we get closer to 2010, due to the fact they are all over the place. High and low. This bouncing as we get closer to present day is, I feel, a direct result of the low number of sold homes (blue) we have experienced for the last year to 18 months. Less than 10 sales per month recently. Darn near a 50% reduction from 3 years ago. Due to this low number the abnormal sales (the 80 / 20 rule applies here) are having more of a direct effect and skewing the numbers, making them bounce on our graph. I want to reiterate, less than 10 sales per month. If you are selling, we need to talk.

Lastly the number of new homes for sale (red) coming onto the market each month has decreased over the past 3 years. I like the fact this number is decreasing. Supply and demand again. The fewer the homes, the smaller the inventory, the greater the value, hence demand, of the available supply.

For more information on your home’s current market value, please visit

www.StTammanyHomeEvaluation.com

for a FREE Over-the-Net Home Evaluation.

Thank You

Marc