Disturbing Home Sales Trends For Walker Louisiana August 2011 vs 2012

By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

Walker Louisiana Home Sales Trends August 2011 versus August 2012 for ALL Homes, Existing and New Construction.

What's disturbing about these trends? 

While the median sold price is up 11% and average days on market is down 34%, the number of sold homes is down 32%, months supply of inventory is up 41% and the number of homes under contract is down 38%.  With months of inventory up 41%, it doesn't appear these fewer home sales are due to lower supply. 



 

Median Sold Price by Month
Aug-11 vs. Aug-12: The median sold price is up 11%

 

 

Sold Properties by Month

Aug-11 vs. Aug-12: The number of sold properties is down 32%

 

 

Average Days on Market by Month
Aug-11 vs. Aug-12: The average days on market is down 34%

 

 

Months Supply of Inventory
Aug-11 vs. Aug-12: The average months supply of inventory is up 40.8%

 


Supply & Demand by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 19% and the number of sold properties is down 32%

 


For Sale Properties by Month
Aug-11 vs. Aug-12: The number of for sale properties is down 19%


New Properties by Month
Aug-11 vs. Aug-12: The number of new properties is down 23%


Under Contract Properties by Month
Aug-11 vs. Aug-12: The number of under contract properties is down 38%


Expired Properties by Month
Aug-11 vs. Aug-12: The number of expired properties is down 50%


Median For Sale vs. Median Sold
Aug-11 vs. Aug-12: The median price of for sale properties is up 7% and the median price of sold properties is up 11%

 



View The Full 20+ page Detailed PDF of these trends here:



 

 

 

Brought to you by Bill Cobb Appraiser and Baton Rouge Housing Reports Monthly Market Videos

 

 


GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 08/01/2011 to 09/15/2012. This information was extracted on 09/16/2012.

 

 

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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

My guess is there are more bumps in the recovery highway yet to come.

Sep 16, 2012 11:36 AM #1
Rainmaker
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Bill Cobb
Accurate Valuations Group, LLC - Baton Rouge, LA
Greater Baton Rouge's Home Appraiser

Thank you for your time, Doug!  Yes, East Baton Rouge itself, in some of the hotter zip codes is doing well, but Wow were my eyes opened with the whole day dedicated to end of month reporting on GBR Housing.  Ascension and Livingston Parish seem to be under performing based on the numbers, which is very disturbing.  Especially since Western Livingston Parish (Denham Springs, Watson, Walker) are viewed as the bread-and-butter affordable housing markets where the median sales price is $153K, almost $50K below Baton Rouge median prices. Ascension and Livingston Parishes are supposed to be the 2 fastest growing Parishes in Louisiana.  If they still are, then Louisiana growth must have really slowed.  Scratching my head on this.....

Hope ALL is well in CENLA!  Bill 

Sep 16, 2012 12:26 PM #2
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Bill Cobb

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