Rod's Notes

Rod's Notes For Wednesday 09/28/11


Wednesday 09/28/11

 

To participate in the show’s live call in dial 318-442-8255 (talk) call between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call in on Saturday as this is our encore performance (fancy way to say taped).

 

You can now sign up on line for email distribution of my transcripts: go to www.kysl.com and click on Rod Noles then sign up to have the show’s notes emailed to you.

 

Attachments, Announcements, and Travels:

 

Home builders seminar “When did that change and why?” September 27th Convention Hall 6:00 pm Drive by reporters what were highlights.

 

Bon Swirl grand opening fun place to watch families enjoying great yogurt.  

 

LRA installation banquet: Matt Ritchie installed as secretary / treasure on target to be LRA president 2013.

 

Central Louisiana Chapter of Delta Waterfowl Banquet (share my duck call with listeners)

 

THIS THURSDAY September 29th @6pm, Downtown Convention Hall, Dinner provided by Outlaws BBQ, Plenty of beverages, silent auction items and of course, GREAT LIVE auction items. Please contact me for tickets or additional information.

Dustin Matthews

Committee Member

dmat378@gmail.com

318.792.0260  cell

 

Country Club home sales study

 

Treasure Hills home sales study

 

Natural Gas will be topic at Chambers of Commerce Strategic Luncheon Monday 11:30 to 1:00 at Pineville Convention Center. Drive by reporters what is news of well being drilled at Flatwoods?

 

Happy 85th birthday to our zoo.

 

People not properties:

 

Past several weeks guest have included Steven Moret secretary economic development for state of Louisiana, President Latter & Blum Inc. Rick Haase and this week Julian L. Alsid nationally recognized expert in workforce development. Who is feature speaker this morning at economic summit 11:00 am Weslyan Center truly limited seating call 442-6671?

 

Marsha Prevost McGraw will guest host show for rare Wednesday commission meeting this month. Thanks Marsha and Jamie Lemoine for filling in while I am on the road.

 

Brent McCormick neighborhood stories well done especially enjoyed Briarwood article this Sunday

 

Feature Property: Metro Plex mess how did that meet code not to mention building permits.

 

Commissioner’s report: Made my second meeting at La. Real Estate Commission and each meeting looking for couple of agenda items to share with Agents and brokers. (1) Mandatory course for 2012 is Social Media and new (2) Cite and fine instead of staff investigation and hearing on minor infractions.

 

Every Deal has a tale / tail.

 

What is Ratcliff Facilities up to with these sales?

 

Doris G Greene Living Trust (2105 Jefferson Hwy., Pineville, LA 71360) to Ratcliff Facilities, LLC (P O Box 7522, Alex., LA 71306) - Lot fronting 125' on Madision St. (1120 Main St., Pineville, LA 71360), $37,291.00

 

Delia C Hebert, et al (8623 Hwy. 1 North, Dry Prong, LA 71423) to Ratcliff Facilities, LLC (P O Box 7522, Alex., LA 71306) - Lot fronting 95' on Main St., Pineville, et al (1106 Main St., Pineville, LA 71360), $250,000.00

 

This is in the same area where there is an old house  Ratcliff construction owns and if three little pigs where hiding in this house big bad wolf could  huff and puff and blow it down. Paul Stich CCIM was hired by Gregg Thompson CCIM to assemble three parcels one they owned and two additional parcels for a new Dollar General.

 

When I called Gregg for details on the deal he told me Dollar General wanted on Main Street near the college and it took several months to put parcels together. Gregg also said over supply of federal regulations is choking progress in this country and the way to cure it was to adopt the “Pineville Plan” Mayor Fields and Rich Dupree are progressive leaders and will work with you and not attempt to derail your development plans.

 

Gregg also told me Bankruptcy Court renewed there lease and no going any where. I am fairly sure their business load will be heavy for few more years.   

New restaurant going in where former Pizza Hut was on MacArthur Drive at Andrews street, theme is Mongolian Barbeque renovation under way. Same family that owns Anchor (former Shoneys) great place to dine took my property management staff there last week and plan to return soon and often.

Sisters former location hope Amber Spurgen director of leasing at the Mall might call in and tell us. Understand it is local menu / owner.

England Authority purchases:

Tammy G Lacombe, et al (6790 Hwy. 1 North, Boyce, LA 71409) to The England Economic and Industrial Development District - .365 acres in Sec 17, T4NR2W, $98,100.00

Milford R & Loretta B Beebe (55 Dottie Lane, Boyce, LA 71409) to The England Economic and Industrial Development District - Lot 9, Dottie Land Subd., $105,500.00

 

Emails from listeners:

 

Property need Paul Maxwell: I’m looking for 21/2  –  5 acres, close to Alexandria, suitable for use as an oilfield equipment staging site.  Needs to be either compacted and/or stabilized or paved to accommodate heavy equipment.  If you have anything or know of anything, please call or write as soon as possible.

 

Thanks,

 

Paul Maxwell, CCIM

NAI/Noles-Frye Realty, LLC

A Latter & Blum Company

4615 Parliament Dr.

Alexandria, LA 71303 USA

Licensed In Louisiana

maxprop0552@bellsouth.net

(318) 446-0552

 

(+3) Rod’s economic indicator perfect score is 5. When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing. Still flying just over the trees of tough recession have changed my wording from, “there is no national weather report that tells you if it is raining in your back yard” to “There is no international weather report that tells you if it is raining in your back yard.”

 

Headlines in many publications: “Worst Home Buying season in 50 years” What are you going to do wait until prices and interest rates go up when the crowd is buying to do you act now. Best time ever to buy if you do not currently have another home to sell.

 

Legal recorder data for five business day September 19th though September 23rd h 2011

 

(1)Total of 40 closed deals for the week has positive score

(2) At least one new home sale for the week has positive score

(3) At least one subdivision lot sale for the week garners positive score

(4) Number of lender sales in market place is less than 5% of the total market sales for the week.

(5) Two random residential sales compared to average prices for 2008, 2009 and 2010 that demonstrate increase prices.

 

(+1) Total sales looking for 40 closed deals from previous week market provided volume of  $3,738,470 with total number of sales at 34 rates a negative score.

 

 (-1) Random sales comparison: We track average sales price in certain subdivision for 2008 through 2010 and compare it to a sale this.

 

Michael L & Kimberly C Boatright (127 Sweetwater Rim, Pineville, LA 71360) to Micah R Raelena Crooks (751 A Erskine Dr., San Clemente, CA 92672) - Lot 8, Treasure Hills Subd. (127 Sweetwater Rim, Pineville, LA 71360), $245,000.00 this sale is below 2010 average of  $262,000 for negative score

 

Daniel C & Candice R Lottinger (1220 Nantachie Dr., Montgomery, LA 71454) to Christopher F & Erin R Snow (P O Box 12657, Alex., LA 71315) - Lot 92, Country Club Place Subd. (5025 Laura Lane, Woodworth, LA 71485), $232,450.00. Sales rates negative score 2010 average price $256,772 with 8 sales, 2 sales in 2011 average $258,000

 

 

(+1) Lot Sales or home site acreage: Only need one sale for positive score and this week the market gave us two sales one home site  

 

Thomas Bolton Properties and Construction, LLC (4821 Porter Circle, Alex., LA 71303) to Donna K Moreau (309 Ragan Dr., Alex., LA 71303) - Lot 290, West Pointe on the Bayou, Phase XI (211 West Lauren Dr., Alex., LA 71303), $50,000.00

 

West Pointe on the Bayou, LLC (1223 MacArthur Dr., Alex., LA 713036) to Donna K Moreau (309 Ragan Dr., Alex., LA 71303) - Lot 341, West Pointe on the Bayou, Phase XII (211 West Lauren Dr., Alex., LA 71303), $49,500.00

 

(+1) New Home sales positive score requires only one sale for the week: this week market provide

 

West Lakes Estates, LLC (2230 S MacArthur Dr., Alex., LA 71301) to Robert E & Patricia A Evenson (3931 Howard St., Alex., LA 71302) - Lot 53, West Lakes Estates Subd. (217 West Lakes Blvd., Alex., LA 71303), $223,500.00

 

(+1) Lender total Sales rates positive score if lender sales are below 5% of total sales, two sales this week total volume of $104,900 / $3,738,470 = 2.80%

 

J P Morgan Chase Bank to Federal National Mtg. Assoc. (P O Box 650043, Dallas, TX 75265) - Lot 4, Sq 1, Revised Roberts Addn. (98 Mary St., Alex., LA 71301), $54,248.92

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Nhanh V Nguyen & Hai Thi Tran (265 Blue Lake Road, Forest Hill, LA 71430) - Lot 4, Sq 1, Revised Roberts Addn. (98 Mary St., Alex., LA 71301), $15,000.00

 

J P Morgan Chase Bank to Homesales, Inc. (1400 East Newport Center Dr., Deerfield Beach, FL 33442) - 1.84 acres in Sec 13, T5NR1W (5890 Clines Road, Ball, LA 71405), $89,900.00

 

Homesales, Inc. to Terral J & Tabitha L Normand (5890 Clines Road, Ball, LA 71406) - 1.84 acres in Sec 13, T5NR1W (5890 Clines Road, Ball, LA 71405), $89,900.00

 

Interest Rates: 30 year fixed is 4.05% was 4.13% the 15 year rate is 3.33% was 3.34% . 5/1 ARM is 2.99% was 2.95%.

 

 

Numbers collected during the week:

 

$3 a gallon gas or lower wow really something to look forward to.

 

30,000 number of jobs eliminated by Bank of America as part of their $5 billion cost-cutting plan.

 

$49,445 is income average for American family third year in a row that this has dropped now at 1996 average

 

15.1% share of American living at poverty level.

 

85 miles per hour new speed limit on some Texas highways.

 

52% of Americans are married and median age for first marriage is 28 for men and 27 for women. 11970 42% of women married as teens and 88% were married by age 24 today those numbers are 7% and 38%.

 

God Bless America!

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