Rod's Notes

Rod's Notes For Wednesday 07/03/13


Go to:  www.rodnolespropertymanagement.com and click on radio notes and sign up to have them emailed each week. If you know of someone looking for rental space, apartments, homes, retail, office or industrial send them to www.rodnolespropertymanagement.

 

You can participate in the show by calling 318-442-8255 (talk) between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call Saturday this is our encore performance (fancy way to say taped). KSYL has now added Wednesday evening encore at 8:00 pm  

 

 

Every Deal has a Tale / Tail:

 

Oxbow Marina, LLC (3020 Hwy. 107, Pineville, LA 71360) to Price Co Development Corp. (1935 Melrose St., Pineville, LA 71360) - 3.081 acres in Sec 13, T3NR1e, $100,000.00

 

Susan D Ferdinand (405 Ahtus Melder Road, Forest Hill, LA 71430) to Grace Presbyterian Church, Inc. (4900 Jackson St., Alex., LA 71303) - Lot C of a resubdivision of Lots 5 & 7, Flynn Subd., $65,000.00

 

Improvements for the former Checkers are gone the ground lease of $3,000 per month expired and tenant had right / obligation to remove the improvements. Sing few cords of John Hyatt song “Gone”

 

The Grind Coffee shop downtown expanding, hip place good coffee. How do I know it is cool? Cause I don’t know a single person in the coffee shop.  

 

Construction work at Cowboy Town is not Sundrop Fuels, this is Dr. Berry building an RV park.

 

Restaurant news:

 

Golden Corral will be back on job site soon.

 

People not property: 

 

Kenny Robinson “Entrepreneur for the Year in Family Business category for Gulf Coast Region that includes La. Ms. and South Tx. Kenny is CEO of Crest Industries. Ernest and Young sponsor this recognition program. Kenny will now move on to national competition.

 

Jenn Pease Moses and son Alexander’s story was broadcast on Pittsburg news.  He is trying to get one million likes on his facebook page.Last update from my children he has 250,000 if we could get air under the wings of this story we could give Xan his 1,000,000 likes To watch the video just click on the following link: http://on.aol.com/video/searching-for-hope--special-wish-for-xan-517838086 go to “searching for hope” special wish for XAN

 

 

Mykoff Absorption report;

 

6.54    Total market 791 homes at beginning of the month 121 sold

 

17.5    Above $400,001 35 or market 2 sold

 

6.87    Between $250,001 and $400,000 103 / 15 sold

 

5.68    Between $150,001 and $250,000 with 227 / 40

 

6.67    Under $150,000 with 426 / 64

 

Tip for the week: www.tresaury.state.la.us search for loss property. Plus 4th of July tip on proper method to dispose of an old flag. Do not chunk in the garbage can. You can take it to the American Legion on Rapides Avenue just behind Fat Boy Lounge and they provide box to drop off. The American Legion Veteran then dispose of retired flag properly.

 

 Construction Contracts: 

 

State of LA, Military Dept. (718 E Street, Camp Beauregard, Pineville, LA 71360) to Artech Construction and Design, LLC - Building 828 Roof Retrofit at Camp Beauregard, $38,000.00

 

State of LA, Military Dept. (718 E Street, Camp Beauregard, Pineville, LA 71360) to Artech Construction and Design, LLC (1025 Palmer Chapel Road, Pineville, LA 71360) - Re-siding and Window Replacement at Camp Beauregard, $46,000.00

 

State of LA, Military Dept. (718 E Street, Camp Beauregard, Pineville, LA 71360) to Artech Construction and Design, LLC (1025 Palmer Chapel Road, Pineville, LA 71360) - Building 107 Upgrades at Camp Beauregard, $23,000.00

 

State of LA, Military Dept. (Building 718 E Street, Camp Beauregard, Pineville, LA 71360) to T L Construction, LLC (P O Box 12893, Alex., LA 71315) - Building 718 Asphalt Parking Area, $28,000.00

 

State of LA, Military Dept. (Building 718 E Street, Camp Beauregard, Pineville, LA 71360) to T L Construction, LLC (P O Box 12893, Alex., LA 71315) - Building 718 Asphalt Parking Area, $28,000.00

 

City of Alex. to Hemphill Construction Co., Inc. - Corrective work at LA 28 Sewer Trunk Mains Project, $1,395,330.00

 

Rapides Parish Police Jury to Rini Construction, LLC - Renovation of Rapides Parish Fire Dist. # 2, Station # 4 (6613 hwy. 496, Alex., LA), $129,163.00

 

2Q13 Report on sales of interest review of one dozen deals.

 

567.34, LLC (201 Johnston St., Suite 101, Alex., LA 71301) to Wellswood Farms, LLC (1500 Hwy. 456, Lecompte, LA 71346) - Tract in Sec 4, T1NR1E, et al, $2,375,000.00

 

Pollard Properties, Inc. (1103 High School Dr., Deridder, LA 70634) to Cooke Holdings, LLC (2030 North Mall Dr., Alex., LA 71301) - Lot 6B of resubdivision of Lots 5 & 6, Blk 7, Sterkx-Deming Subd., $875,000.00

 

Jones Investments, Inc. (P O Box 11735, Alex., LA 71315) to George's Lane Property, LLC (3028 George's Lane, Alex., LA 71301) - Lots 1-6 of the revision of Lots 1, 2, 3, 8, 9, 10, & 11, & 12, R J Jones Subd., et al, $1,300,000.00

 

Quality Builders, Inc. (306 Welwyn Way, Alex., LA 71303) to EP Capital, LLC (277 LaCroix Road, Pineville, LA 71360) - Lot 1, Bordelon Commercial Development in Sec 16 & 17, T4NR1W, $750,000.00

 

Rhodes Land Co., LLC (6007 Bayou Robert Dr., Alex., LA 71303) to Worley Drive Properties, LLC (6405 Genevieve Dr., Alex., LA 71301) - Lot 3, Alexandria Medical Village (2226 Worley Dr., Alex., LA 71301), $420,000.00

 

Eddie's BBQ, LLC (1021 MacArthur Dr., Alex., LA 71303) to D'Argent Development, LLC (1460 Centre Court, Alex., LA 71301) - Lot 3, Commercial Center Subd., Phase 2, $270,000.00

 

V & V Properties, LLC (P O Box 12486, Alex., LA 71315) to Ronan Investments, LLC (P O Box 651, Alex., LA 71309) - 35.531 acres in Sec 57, T4NR2W, $353,300.00

 

Simpson-Noles, LLC (4615 Parliament Dr., Alex., LA) to Ballina Farms, Inc. (4615 Parliament Dr., Suite 101, Alex., LA 71303) -  tract known as 4615 Parliament Dr., Alex., LA 71303, $1,880,000.00

 

Concourse Realty Associates I, LP (2432 Grand Concourse, The Bronx, NY 10458) to Gary W & Pamela S Babineaux (2600 WPA Road, Sulphur, LA 70663) - 2.176 & 9.989 acre tracts being part of West End Retail Center, $1,325,000.00

 

Value Place Alexandria, LLC (8621 East 21st St. North, Wichita, KS 67206) to Whg Su Alexandria, LLC (5847 San Felipe, Ste 4650, Houston, TX 77057) - Lot 3 & part of 2, Fleur De Lis Subd., $2,645,000.00

 

Blockbuster, LLC (9601 South Meridian Blvd., Englewood, CO 80112) to SE BB Alexandria, LLC (3900 N Causeway Blvd., Suite 1200, Metairie, LA 70002) - 1.605 acres on or near the intersection of Parliament Dr. & Southampton Dr., $554,923.48

 

Robert A Wolf, Jr. (4024 Jackson St. Ext., Alex., LA 71303) to Amir Taweel & Ahlam R Jabbar (4400 Lee St., Alex., LA 71302) - Lot 1, Blk D and Lot 15, Blk A, Brewer Addn., $500,000.00. Corner of Lee Street and Evergreen

 

(+3.75) 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. 

Legal recorder data: business days from time period of June 24th through June 28, 2013 most recent 5 working days.

(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.   

 

(+1.25) Total weekly volume: through Thursday $2,724,376 with 46 sales highest $256,000

 

(+1.25) Lot sales: To rank positive score need one sale per week the market provided two both by V&V.

 

Bocage Subdivision of Alexandria, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12846, Alex., LA 71315) - Lot 265, Bocage Subd., Phase VI (5926 Toria Dr., Alex., LA 71303), $25,000.00

 

Bocage Subdivision of Alexandria, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12846, Alex., LA 71315) - Lot 266, Bocage Subd., Phase VI (5920 Toria Dr., Alex., LA 71303), $25,000.00

(+1.25) Home sales need single sale for positive score the market provided four one of the best week in long time for new homes.

 

Brittain & White Construction, LLC (5511 Jackson St., Alex., LA 71303) to Carmen A Campo (5737 North Dr., Alex., LA 71301) - Unit 524G, Cypress Point II at Lake District Condominiums (524 G Ansley Blvd., Alex., LA 71303), $154,500.00

 

JAAD Builders, LLC (4400 Hwy. 28 E, Pineville, LA 71360) to Ronald C Paulk (6721 Eastbrook Trace, Ball, LA 71405) - Lot 42, Pinebrook Estates Subd. (6721 Eastbrook Trace, Ball, LA 71405), $144,000.00

 

Brittain White Constructions, LLC (5521 Jackson St. Ext., Alex., LA 71303) to Samuel J Spurgeon (524 F Ansley Blvd., Alex., LA 71303) - Unit 524F, Cypress Point II at Lake District Condominiums (524F Ansley Blvd., Alex., LA 71303), $154,500.00

 

Marvin C Cassell (1945 Tom Cassell Road, Woodworth, LA 71485) to Kevin D Daniel (3015 Wesley Circle, Woodworth, LA 71485) - Lot 156, Country Club Place, Phase VI (3015 Wesley Circle, Woodworth, LA 71485), $225,000.00

 

(-1.25) Lender sales the foreclosed sales needs to be under 5% of total market volume for positive score this week we saw 7 sales with volume of

$435,278  / $4,724,376 total market = 9.21% of total

 

Rapides Bank & Trust to Terry A & Sandra R Smith (141 Old Beauboeuf Road, Deville, LA 71328) - Sale of 5.056 acres in Sec 37, T5NR3E dated Feb 1, 1993, $1,200.00

 

Household Finance Corp. II (931 Corporate Centre Dr., Pomona, CA 91769) to Daniel T McKnight (118 Edwards Dr., Pineville, LA 71360) - 6.78 acres in Sec 15, T5NR1W (118 Edward Dr., Pineville, LA 71360), $65,000.00

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Richard A Tompkins, et al - Lot 24, Chandler Park Subd., et al (5608 Navaho Trl, Alex., LA 71301), $107,000.00

 

J P Morgan Chase Bank to Loren E Sneed (1807 Henry St., Alex., LA 71301) - Lot 13, Kelleyland (1903 Donegal Dr., Alex., LA 71301), $25,000.00

 

The Evangeline Bank (3700 Jackson St., Alex., LA 71303) to Roger L & Sheila F Nugent (6002 Ball Loop, Ball, LA 71405) - 2.85 acres in Sec 22, T4NR2E (489 Denny Road, Deville, LA 71328), $98,905.00

 

J P Morgan Chase Bank (1400 East Newport Center Dr., Deerfield Beach, FL 33442) to KPRO Enterprises, LLC (5411 Coliseum Blvd., Alex., LA 71301) - Lot 46, Lost Ridge Subd. (6625 Lost Ridge Dr., Pineville, LA 71360), $96,128.00

 

Standard Mtg. Corp. (701 Poydras St., Suite 300 Plaza, New Orleans, LA 70139) to John D Harris (276 Hayes Cemetary Road, Effie, LA 71331) - Lot 8, Sq 1, Horseshoe Gardens Subd. (5832 Caroline Dr., Alex., LA 71301), $42,000.00

 

Interest rates, 30 year rate was 4.58% this week is 4.35%, the 15 year rate was 3.58% this week it is 3.42%.

 

According to NAR, the other emerging trend in real estate is the speed of sale. On the national level, the average house-selling time is decreased by one month compared to the same indicator in 2012. The national median time on market for all homes was 62 days in March. It represents a 12 day decrease compared to February 2013 (the median was 74 days). Also, it represents a 32% decrease compared to March 2012 (the median selling time was 91 days). Short sales were on the market for a median of 81 days. Foreclosures typically sold in 46 days and non-distressed homes took 66 days. Of all homes sold in March, 37% were on the market for less than a month.

 

There are several implications of the decreased time of sale. The first consequence is that buyers are forced to act faster in their decision-making process. The second outcome of the increased rate of sale is that property prices are increasing.

 

The housing market continues its recovery from the Great Recession. The National Association of REALTORS® (NAR) reports that sales have been above year-ago levels for twenty-one consecutive months, while prices exhibit thirteen consecutive months of year-over-year price growth. As of April 2013, existing-home sales eased in March from inventory constraints, which continued to pressure home prices.

 

Average Sales Price of a house in Louisiana experienced a slight drop compared to 4Q 2012. Specially, the average sale price in the

3rd month of 4Q 2012 was $174,360. The average sale price in the 3rd month of the 1Q 2013 was $168,330. This represents a drop of approximately 3.5% on a month to month comparison. However, there is an increase in overall Average Sales Price when comparing Q1 2013 to Q1 2012.

 

Average Number of Houses Sold per month in Louisiana in 1Q 2012 was 2,217. The same indicator for 4Q 2012 was 2,473. The results for 1Q 2013 are lower than the same indicator for 4Q 2012 and are at 2,382 houses per month. This represents a 3.7% decrease on a quarter’s monthly comparison basis.

 

Average Sales Price of a house in the Central LA Area did not experience a significant change compared to 4Q 2012. Specifically, the

Average sale price in the 3rd month of 4Q 2012 was $131,400. The average sale price in the 3rd month of the 1Q 2013 was $130,840.

 

Indices

 

Last

Last Week

YTD return %

DJIA

15024.49

14758.32

14.65%

NASDAQ

3401.86

3364.64

12.66%

S&P 500

1613.20

1588.19

13.11%

MSCI EAFE

1637.32

1636.93

2.08%

Russell 2000

979.92

960.52

15.37%

 

Consumer Money Rates

 

Last

1-year ago

Prime Rate

3.25

3.25

Fed Funds

0.03

0.17

30-year mortgage

4.46

3.66

 

Currencies

 

Last

1-year ago

Dollars per British Pound

1.525

1.557

Dollars per Euro

1.303

1.248

Japanese Yen per Dollar

98.210

79.750

Canadian Dollars per Dollar

1.048

1.025

Mexican Peso per Dollar

13.027

13.591

 

Commodities

 

Last

1-year ago

Crude Oil

97.05

80.21

Gold

1225.08

1574.73

<br />

Bond Rates

 

Last

1-month ago

2-year treasury

0.36

0.30

10-year treasury

2.52

2.16

10-year municipal (TEY)

4.57

3.20

 

God Bless America!

970 KSYL On Air Now
Greg Walker
Greg Walker
8:30am - 9:00am
Greg Walker Estate Planning
Weather
Alexandria, LA
Haze 67°F
  • 81% humidity
  • Winds at 7 mph
Full Forecast
KSYL News

The KSYL Morning Report

Monday Thru Friday 7:10a

Host

Dave Graichen

Click Player To Listen

 

The CBS World News Roundup

Click Logo To Listen To Latest Broadcast

 

 


 

This Is OUR News Commitment!

 

Local News
On Twitter
Weekends

 

All Weekend Long

It's a

Political Free Zone!

Rod Noles, Kim Komando, Gary Sullivan, The "Weekend" Roundup, Leo Laporte, Art Bell, The Real Estate Show, Bill Handel, Chef John Folse "Stirin' It Up" The "Talk Radio Countdown"..

A Veteran Died Today

Lynn Rollins

"A Veteran Died Today"

Click Lynn's Picture To Listen..

Chef John Folse

Chef John Folse & Company

"Stirin' It Up"

Saturday At Noon!

 

 

 

Eastleigh Farms

Eastleigh Farm

LinkedUpRadio Envisionwise Web Services