Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report

Market Dynamics
Prepared For
Broadmoor Subdivisions, Baton Rouge, LA 70815
William Cobb Accurate Valuations Group
Clarus MarketMetrics
Information not guaranteed. 2012 - 2013 Terradatum and its suppliers and licensors (www.terradatum.com/about/licensors.td).
01/16/2012
1 of 21
William Cobb
Accurate Valuations Group
Median Sold Price by Month

Dec-10 vs. Dec-11: The median sold price is down 8%
Dec-10 vs. Dec-11

Dec-10 165,000
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price:
Dec-11 152,000
All Construction Type:
Change -13,000
All Bedrooms: All
% -8%
Bathrooms: All Lot Size: All Sq Ft: All
Residential: (Detached Single Family)
Broadmoor East, Broadmoor Estates, Broadmoor Forest, Broadmoor North, Broadmoor Oaks, Broadmoor Orleans Twn, Broadmoor Place, Broadmoor South, Broadmoor Subd, Broadmoor
1 of 2
01/16/2012
2 of 21
William Cobb
Median Sold Price by Month

Dec-10 vs. Dec-11: The median sold price is down 8%
Time Period Dec-11 Nov-11 Oct-11 Sep-11 Aug-11 Jul-11 Jun-11 May-11 Apr-11 Mar-11 Feb-11 Jan-11 Dec-10
Median Price 152,000 152,500 151,000 135,835 155,000 148,900 161,000 145,000 169,850 134,750 176,000 140,000 165,000
# Units 4 6 3 4 7 3 4 7 4 8 2 5 1
Average DOM 38 119 64 92 110 78 117 110 86 100 89 81 101
2 of 2
01/16/2012
3 of 21
William Cobb
Median For Sale vs. Median Sold

Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%
Dec-10 vs. Dec-11

Dec-10 165,000
MLS: GBRAR Property Types: Subdivision:
Dec-10 vs. Dec-11

% +8%
All Construction Type: All Bedrooms:
Dec-11 178,900
Period: 1 year (monthly)
Change 13,900
Price:
Dec-10 165,000
All
Dec-11 152,000
Bathrooms: All
Change -13,000
Lot Size: All Sq Ft: All
% -8%
1 of 2
01/16/2012
4 of 21
William Cobb
Median For Sale vs. Median Sold

Dec-10 vs. Dec-11: The median price of for sale properties is up 8% and the median price of sold properties is down 8%
For Sale Median 178,900 174,450 168,366 169,731 170,000 169,900 179,000 179,000 176,950 167,500 184,000 179,000 165,000 # Properties For Sale 41 44 48 57 63 65 61 61 56 53 52 49 49 Sold Median 152,000 152,500 151,000 135,835 155,000 148,900 161,000 145,000 169,850 134,750 176,000 140,000 165,000 # Properties Sold 4 6 3 4 7 3 4 7 4 8 2 5 1 Price Difference -26,900 -21,950 -17,365 -33,896 -15,000 -21,000 -18,000 -34,000 -7,100 -32,750 -8,000 -39,000 0
2 of 2
01/16/2012
5 of 21
William Cobb
Sold Properties by Month

Dec-10 vs. Dec-11: The number of Sold properties is up 300%
Dec-10 vs. Dec-11

Dec-10 1
MLS: GBRAR Property Types: Subdivision: Period: 1 year (monthly) Price: All
Dec-11 4
Construction Type:
Change 3
All Bedrooms: All
% +300%
1 of 2
01/16/2012
6 of 21
William Cobb
Sold Properties by Month

Dec-10 vs. Dec-11: The number of Sold properties is up 300%
# Properties 4 6 3 4 7 3 4 7 4 8 2 5 1
Median Price 152,000 152,500 151,000 135,835 155,000 148,900 161,000 145,000 169,850 134,750 176,000 140,000 165,000
Average DOM 38 119 64 92 110 78 117 110 86 100 89 81 101
2 of 2
01/16/2012
7 of 21
William Cobb
Under Contract Properties by Month

Dec-10 vs. Dec-11: The number of Under Contract properties has not changed
Dec-10 vs. Dec-11

Dec-10 4
Dec-11 4
Construction Type:
Change 0
All Bedrooms: All
% 0%
1 of 2
01/16/2012
8 of 21
William Cobb
Under Contract Properties by Month

Dec-10 vs. Dec-11: The number of Under Contract properties has not changed
# Properties 4 3 6 6 6 5 4 5 6 6 5 4 4
Median Price 179,350 147,900 169,950 132,200 172,000 164,900 177,400 179,000 147,950 162,000 145,000 156,400 148,000
Average DOM 58 53 125 204 129 94 62 152 119 98 60 93 76
2 of 2
01/16/2012
9 of 21
William Cobb
New Properties by Month

Dec-10 vs. Dec-11: The number of New properties is down 62%
Dec-10 vs. Dec-11

Dec-10 8
Dec-11 3
Construction Type:
Change -5
All Bedrooms: All
% -62%
1 of 2
01/16/2012
10 of 21
William Cobb
New Properties by Month

Dec-10 vs. Dec-11: The number of New properties is down 62%
# Properties 3 8 7 8 9 12 9 15 11 12 12 11 8
Median Price 165,000 197,000 145,000 174,850 175,000 166,000 165,500 158,000 189,900 153,450 197,000 197,976 162,200
2 of 2
01/16/2012
11 of 21
William Cobb
For Sale Properties by Month

Dec-10 vs. Dec-11: The number of For Sale properties is down 16%
Dec-10 vs. Dec-11

Dec-10 49
Dec-11 41
Construction Type:
Change -8
All Bedrooms: All
% -16%
1 of 2
01/16/2012
12 of 21
William Cobb
For Sale Properties by Month

Dec-10 vs. Dec-11: The number of For Sale properties is down 16%
# Properties 41 44 48 57 63 65 61 61 56 53 52 49 49
Median Price 178,900 174,450 168,366 169,731 170,000 169,900 179,000 179,000 176,950 167,500 184,000 179,000 165,000
Average DOM 145 122 124 132 132 123 121 114 119 117 123 131 147
2 of 2
01/16/2012
13 of 21
William Cobb
Expired Properties by Month

Dec-10 vs. Dec-11: The number of Expired properties is down 71%
Dec-10 vs. Dec-11

Dec-10 7
Dec-11 2
Construction Type:
Change -5
All Bedrooms: All
% -71%
1 of 2
01/16/2012
14 of 21
William Cobb
Expired Properties by Month

Dec-10 vs. Dec-11: The number of Expired properties is down 71%
# Properties 2 3 6 10 8 6 4 4 4 2 6 5 7
Median Price 280,000 189,900 164,700 173,000 192,450 187,450 179,988 174,900 186,450 154,000 217,000 190,000 195,000
Average DOM 243 140 161 155 171 130 210 130 112 156 212 169 242
2 of 2
01/16/2012
15 of 21
William Cobb
Supply & Demand by Month

Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%
Dec-10 vs. Dec-11

Dec-10 49
MLS: GBRAR Property Types: Subdivision:
Dec-10 vs. Dec-11

% -16%
All Construction Type: All Bedrooms:
Dec-11 41
Period: 1 year (monthly)
Change -8
Price:
Dec-10 1
All
Dec-11 4
Bathrooms: All
Change 3
Lot Size: All Sq Ft: All
% +300%
1 of 2
01/16/2012
16 of 21
William Cobb
Supply & Demand by Month

Dec-10 vs. Dec-11: The number of for sale properties is down 16% and the number of sold properties is up 300%
# Properties For Sale 41 44 48 57 63 65 61 61 56 53 52 49 49 Average DOM For Sale 145 122 124 132 132 123 121 114 119 117 123 131 147 # Properties Sold 4 6 3 4 7 3 4 7 4 8 2 5 1 Average DOM Sold 38 119 64 92 110 78 117 110 86 100 89 81 101
2 of 2
01/16/2012
17 of 21
William Cobb
The Average Days on Market by Month

Dec-10 vs. Dec-11: The average days on market is down 24%
Dec-10 vs. Dec-11

Dec-10 76
Dec-11 58
Construction Type:
Change -18
All Bedrooms: All
% -24%
1 of 2
01/16/2012
18 of 21
William Cobb
The Average Days on Market by Month

Dec-10 vs. Dec-11: The average days on market is down 24%
Average DOM 58 53 125 204 129 94 62 152 119 98 60 93 76
# UC Units 4 3 6 6 6 5 4 5 6 6 5 4 4
2 of 2
01/16/2012
19 of 21
William Cobb
Months Supply of Inventory

Dec-10 vs. Dec-11: The average months supply of inventory is down 8%
Dec-10 vs. Dec-11

Dec-10 9.5
Dec-11 8.8
Construction Type:
Change -0.8
All Bedrooms: All
% -8%
1 of 2
01/16/2012
20 of 21
William Cobb
Months Supply of Inventory

Dec-10 vs. Dec-11: The average months supply of inventory is down 8%
# Units For Sale Last Day of Month 35 38 36 41 49 54 53 52 46 45 41 40 38 # UC Units During Month 4 3 6 6 6 5 4 5 6 6 5 4 4 UC Average DOM 58 53 125 204 129 94 62 152 119 98 60 93 76
MSI 8.8 12.7 6.0 6.8 8.2 10.8 13.2 10.4 7.7 7.5 8.2 10.0 9.5
2 of 2
01/16/2012
21 of 21

Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Baton Rouge Broadmoor Subdivision 2011 Comprehensive Housing Report

Uploaded by

Copyright:

Available Formats

Market Dynamics

Broadmoor Subdivisions, Baton Rouge, LA 70815

William Cobb Accurate Valuations Group

Accurate Valuations Group

Median Sold Price by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Median Sold Price by Month

Average DOM 38 119 64 92 110 78 117 110 86 100 89 81 101

Accurate Valuations Group

Median For Sale vs. Median Sold

Dec-10 vs. Dec-11

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Median For Sale vs. Median Sold

Accurate Valuations Group

Sold Properties by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Sold Properties by Month

Average DOM 38 119 64 92 110 78 117 110 86 100 89 81 101

Accurate Valuations Group

Under Contract Properties by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Under Contract Properties by Month

Average DOM 58 53 125 204 129 94 62 152 119 98 60 93 76

Accurate Valuations Group

New Properties by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

New Properties by Month

Accurate Valuations Group

For Sale Properties by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

For Sale Properties by Month

Accurate Valuations Group

Expired Properties by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Expired Properties by Month

Accurate Valuations Group

Supply & Demand by Month

Dec-10 vs. Dec-11

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

Supply & Demand by Month

Accurate Valuations Group

The Average Days on Market by Month

Dec-10 vs. Dec-11

Residential: (Detached Single Family)

Accurate Valuations Group

The Average Days on Market by Month

Average DOM 58 53 125 204 129 94 62 152 119 98 60 93 76

Accurate Valuations Group