Rod's Notes Archives for 2011-09

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%.

 

Rod's Notes For Wednesday 09/21/11


Wednesday 09/21/11

 

LRAPAC auction September 15th you can bid and buy dinner with former Edwin Edwards. Bob Merrick CEO with Latter & Blum delivered dinner for two at Galatoires. Attached is email from partner, client, friend who lives in New Orleans and upon my request of tips at dinning to impress client at Galatoires here is his reply. This is worth passing on to family: Rod, Glad to report record fund raiser over $10,000.

 

First ever Realtors economic summit November 1st speakers who have committed John Kennedy state treasure, Malcolm Young executive director of LRA, Elliott Stonecipher poster and Chip Songy partner with Stirling Real Estate born and reared right here in River City.

 

Petrus Hieghts Subdivision study

 

Village Green Subdivision study

 

People not properties:

 

Week before last Steven Moret secretary economic development was our guest on the show

 

Last week President Latter & Blum Inc. Rick Haase was our guest.

 

This week two real estate personalities Lamar White and Spencer Marks both sold their home in Petrus Heights. Lamar is moving to Dallas to attend law school, I only wish Spencer was moving to Texas he has turned out to be a strong young competitor.

 

Greg Trotter we said earlier on the show to expect nice rehab from Mr. Trotter on 3rd street shop. Good Town Talk article on Trotter renovation.

 

Loren Lampert new police chief: Thanks for you public service and sacrifice. This might be the first thing that the Mayor, city council, and Town Talk agree on.

 

Realtor Joe Betty Sterkyx and her husband celebrated 50th year wedding anniversary.

 

Feature Property: Phase two of Village at Versailles joint venture with Weil Company and Elite Builders marketed by Marks Company. Also wins the award for best sign on new development. You can bet Spencer Marks did not pay 100% of the cost for this master piece.

                                                       

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.

 

Two local investors who have been quiet back in the market this week:

 

Emogene E Kubes, et al (3327 Halsey, Alex., LA 71301) to Jimmie D & Peggy I DeRamus (2417 Lee St., Alex., LA 71301) - Lots 7 & 8, Bacon Place (2830 Lee St., Alex., LA 71301), $100,000.00. Lesson learned in 1971 believe it was August where I put up the sign before in contacted the adjacent owner.

 

Sabine State Bank (P O Box 670, Many, LA 71449) to D & J Development of Louisiana & Arkansas, LLC (P O Box 1719, Tioga, LA 71477) - Lot 1, Riverview Acres Subd., $49,219.04

 

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 I believe Ratcliff construction owns and if three little pigs where hiding in this house big bad wolf got huff and puff and blow it down. Paul Stich had been working on Main Street assemblage and maybe this is his deal and would invite him to call in.

 

Bayou Court I should have kept 4 of these:

 

Ulla U Knoepp (2906 Georges Lane, Alex., LA 71301) to Howard L Gates, Sr. & Julia K Gates (3224 Madonna Dr., Alex., LA 71301) - Lot 1, Bayou Trace Townhomes, Phase I (932 Bayou Trace Dr., Alex., LA 71303), $155,000.00

When you've seen one shopping center you've seen a mall.

New restaurant going in where former Sisters was located,, maybe leasing agent Amber Supgen will call in and tell us. Understand it is local menu / owner.

Crown Pine Realty 4, Inc. to John S McCabe (160 Kincaid Lane, Boyce, LA 71409) - Tract in Sec 22, T1SR4W, et al, $334,300.00

LLCc who are you:

Two Mules, LLC Ronald Sullivan(4020 Parliament Dr., Alex., LA 71303) to Jeffrey M & Allison L Covington (4815 Westgarden Blvd., Alex., LA 71303) - Lot 172, Charles Park Addn., $253,000.00

Muth, LLC, Joseph Muth (971 Brannon Road, Pineville, LA 71360) to Donald G Parker, II & Jean P Parker (P O Box 194, Glenmora, LA 71433) - 3.45 acres in Sec 5, T1SR2W, $8,300.00

Tips for the week:

  1. 35 year old investor called this week to share the good news that his first and only rent house loan was paid off this week. He plans to take $6,000 per year income and fund retirement plan contribution of $6,000 per year. What if over next 40 years he can average 4% return $570,153 and if he can earn 8% he has nest egg of $1,554,339
  2. Next day client called wanting my opinion on what they should tell there daughter about when is the right time to buy. They asked me is this the right time to buy a house and I replied no. It is the right time to buy two houses one to live in and one to rent. Trust me it is “two house time” to buy.

England Air Park received zero grants this week and did not purchase any property: They did however celebrate $25 million that State of La. committed to this week for infrastructure at Highway 457, Leesville’s Western connection to 28 west. Also, their chairman Lance Harris is candidate for State Rep.

 

(+2) 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 for five business day September 12 though September 16th 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 $5,885,870 with total of 44 sales very good week high volume and no sales over $450,000

 

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

 

Frederick L White, Jr. (11845 Brookhill Lane, Dallas, TX 75230) to Proactive Investments (P O Box 12353, Alex., LA 71315) - Lot 4, Blk 4, Petrus Heights (3011 Pershing Ave., Alex., LA 71301), $112,500.00. This sale was lower than 11 sale average of $124,000 for negative score (see attachment for research)

 

Chad E & Kelly J Franklin (205 Adams Path, Pineville, LA 71360) to Heather L & Kyle A Frederick (115 Lodge Hill Circle, Pineville, LA 71360) - Lot 103, Village Green Subd., $148,000.00. Sale we are tracking is better than $140,833 average for 2011 and better than $145,055 average for 2010 when market provide 12 sales. (see research in attachments)

 

 

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

 

Bocage Subd. Of Alex., LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12846, Alex., LA 71315) - Lot 208, Bocage Subd., Phase V (5835 West Austin Dr., Alex., LA 71303), $22,000.00

 

Francis M Hilton, et al (P O Box 35, Hineston, LA 71438) to Michael G & Doris R Vaughn (91 O V Kennedy Road, Hineston, LA 71438) - 15.144 acres in Sec 25, T2NR4W, $60,000.00

 

Roy O Martin Lumber Co., LLC (P O Box 1110, Alex., LA 71309) to Derek L & Emily E Weatherford (2191 Hwy. 121, Hineston, LA 71438) - 6.15 acres in Sec 18, T1NR3W, $24,600.00

 

(-1) New Home sales positive score requires only one sale for the week: this week market provide one sale. WSJ article mentioned July rate portends annual construction number sold of 298,000 new units nation wide peek 2006 was 2,000,000 built 85% decline. What are the Feds doing now but launching investigation of builders pay practice with independent contractors? Great time to team up with IRS and investigate builders and how they employ their crews.

 

(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales, This week we saw 4 sales totaling $360,000 / $5,885,700 = 6.12%

 

Sec. of HUD to Sharon Parker (P O Box 172, Marksville, LA 71351) - Lot H, Blk 1, Chester Heights Subd., $19,500.00

 

Sec. of HUD to Gregory S & Angela K Coutee (28 Kendall Lane, Boyce, LA 71409) - No description given, $70,600.00

 

LPP Mtg., Ltd. (6000 Legacy Dr., Plano, TX 75024) to Victor & Bobbie J Mahfouz (108 Eola Dr., Alex., LA 71303) - Lot 2, Blk D, L E DeSelle Subd. (108 Eola Dr., Alex., LA 71303), $134,900.00

 

The Evangeline Bank (3700 Jackson St., Alex., LA 71303) to Jenny L Edwards (3200 Military Hwy., Unit A, Pineville, LA 71360) - Unit 3200-A, Stonegate Condominiums (3200 Military Hwy., Unit A, Pineville, LA 71360), $135,000.00

 

Interest Rates: 30 year fixed is 4.13% was 4.14% the 15 year rate is 3.34% was 3.36% . 5/1 ARM is 2.95% was 2.93%.

 

Careful with what you read: Good bad example page A5 Monday September 19th article title “Side Jobs Bolster Some Lawmakers’ Paychecks”. When I saw photo of Rep Collin Peterson with big letters $9,000 for assistant management work on apartment complex I knew before reading the article that the author had a chop job mentality working. Then Danny Yardon and Brody Mullins (two authors) go the attack against La. Rep John Fleming who received $6,500,000 from a dozen Subway stores and UPS franchises. My questions were is that net or gross? Does Congressman own partial or full interest in these investments? Does one Subway store net $550,000 per store? Speaking of UPS stores this company started in 1907 and originally painted few trucks they had different colors so the public would know they had multiple trucks. Share Mike Lipsey story truck #87.

 

Numbers collected during the week:

 

19 feet 9 inches: Total fingernail length of Christine Walton new Guinness worl record.

 

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%.

 

Rod's Notes For Wednesday 09/14/11


Wednesday 09/14/11

LRAPAC auction September 15th you can bid and buy dinner with former Edwin Edwards. Bob Merrick CEO with Latter & Blum delivered dinner for two at Galatoires. Attached is email from partner, client, friend who lives in New Orleans and upon my request of tips at dinning to impress client at Galatoires here is his reply. This is worth passing on to family: Rod,

>

> Good for you....he probably knows all the tricks....but, if you like garlic toasted bread, you can ask for it.....an appetizer that is great is Galatoire Gouté (3 portions of a shrimp rémoulade, a crabmeat salad, and a crawfish salad), a great salad is the Godchaux Salad..., DON'T ASK FOR A MENU, IF YOUR WAITER BRINGS ONE, DON'T OPEN IT, just ask the waiter what he likes today....if you want fish, ask what fish is best today, pompano is a favorite, trout is always good, sautéed, with a little lump crabmeat (ask how the crabmeat is first)....if you like soft shell crabs, that's a good choice, fried....I think I remember that you don't eat oysters, but the Oysters Rockefeller are great....for desert I often ordered an ice cream sundae, vanilla ice cream with chocolate sauce and crushed walnuts on top....OK, ask if Harold is in, he is their longest serving waiter, from Ville Platte, 45 years or so...his son Billy also is a waiter, tell Harold I send my warmest regards....ask to see Jon (or John, don't know which), he the shortest waiter there, ask him for his latest joke, and have one ready to tell him.....of course you want to eat downstairs, which means, normally, someone has to get in line early (only 70 seats downstairs, when they are gone you are out of luck, you can have someone stand in line for you, Hunter will know how to work that)......that should get you started, if you have any questions, call me....and let me know how it goes.   

 

Email from listeners: You are invited to attend a major announcement by Governor Bobby Jindal regarding an infrastructure project that will have a significant positive impact on Rapides Parish and the central Louisiana region. The event will take place on Thursday, September 15, 2011 at 3:00 p.m. in Leesville at the Old Courthouse, located 201 South 3rd Street, Leesville, LA 71446-4375. Jim Clinton

 

Bob ask question was I successful last week at Sheriff Sale.

 

 

People not properties:

Guest last week was Secretary Steven Moret director economic development for State of La. And this week in studio is Rick Haase President of Latter & Blum Inc.

                                                       

Every Deal has a tale / tail.

 

Pel-State Oil Co., Inc. (333 Texas St., Suite 1000Shreveport, LA 71101) to Lott Oil Co., Inc. (P O Box 17, Natchitoches, LA 71458) - Parcel A of Calhoun Commercial Park, et al, $6,400,000.00. This is at what I call the cracker barrel interchange and what is recorded is more than one sale.  Lott Oil purchased several stores from Pel-State and recorded them in each Parish where transactions occurred. One of the sales was Texaco Store at I-49 and Calhoun Property

 

(+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.

 

Legal recorder data for five business day September 5th though September 9, 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 9,018,415 with 32 sales if you deduct $6,400,000 total volume is $2,618,415

 

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

 

Dixie D Willard (18519 Water Scene Trail, Cypress, TX 77429) to William C Firnberg, Sr. (5445 Provine Place, # 301, Alex., LA 71303) - Unit 11, Charleston Condominium (4406 Charleston Circle, Alex., LA 71303), $100,000.00. Only four sales in since January 2008 average price mid $70,000 sale we are tracking this week is $100,000.

 

Melot Construction, LLC (115 2nd St., Colfax, LA 71417) to Huy L & Tram T Nguyen (1555 Parkview Dr., Alex., LA 71303) - Lot 40, North Park Village, Phase 1, $156,800.00. Since January 31, 2008 there have been 11 homes sales with average price of $128,810 sale we were tracking this week is $156,800.

 

MLS report shows Sales though August 2009 average sales price of $172,921 end of August 2010 $146,789 or 15% decline then August 2011 average price was $163,014or 11% increase this just cannot be right. I am looking at the report thinking it is year to date and then realize it is sales in August only so be careful how you read accurate data. What does connect with this report is in rapides parish we had 95 sales in August 2011 and 82 in 2010 and 85 in 2009 so pace for One month has improved.

 

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

 

West Pointe on the Bayou, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12486, Alex., LA 71315) - Lot 336, West Pointe on the Bayou Subd., Phase XII (196 West Lauren Dr., Alex., LA 71303), $18,000.00

 

West Pointe on the Bayou, LLC (P O Box 12846, Alex., LA 71315) to V & V Builders, LLC (P O Box 12486, Alex., LA 71315) - Lot 337, West Pointe on the Bayou Subd., Phase XII (200 West Lauren Dr., Alex., LA 71303), $18,000.00

 

Olson's Properties, LLC (8782 Hwy. 1200, Boyce, LA 71409) to Doug Selman Builders, LLC (139 Chris Lane, Pineville, LA 71360) - Lot 15, Phase I, Colina Heights, $15,000.00

 

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

 

Melot Construction, LLC (115 2nd St., Colfax, LA 71417) to Huy L & Tram T Nguyen (1555 Parkview Dr., Alex., LA 71303) - Lot 40, North Park Village, Phase 1, $156,800.00

 

(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales. # sales with total volume of $280,000 / $2,618,415 adjusted volume total less $6,400,000 sale) = 10.7%

 

Federal Home Loan Mtg. Corp. to Brenda Baum (405 Terra Ave., Alex., LA 71303) - Lot 72, Good Earth Subd., $127,900.00

 

Beneficial Louisiana, Inc. (931 Corporate Center Dr., Pomona, CA 91769) to Kristen R Lazarone (P O Box 1, Flatwood, LA 71427) - 1.375 acres in Sec 25, T3NR4W (21 Scarbrock Lane, Otis, LA 71446), $82,000.00

 

Federal Home Loan Mtg. Corp. to Glyn & Kimmie Vercher (4403 Windover Blvd., Alex., LA 71303) - Unit 201, Parliament Square Condominium (4600 Parliament Dr., Unit 201, Alex., LA 71301), $70,100.00

 

Interest Rates: 30 year fixed is 4.18% was 4.28% the 15 year rate is 3.37% was 3.42% . 5/1 ARM is 2.98% was 2.97%.

 

 

Rod's Notes For Wednesday 09/07/11


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:

 

LRAPAC auction September 15th you can bid and buy dinner with former Edwin Edwards.

 

Bob ask question was I successful last week at Sheriff Sale.

 

 

People not properties: Guest today Secretary Steven Moret director economic development for State of La.

 

 

LLC who are they

 

                                                       

Every Deal has a tale / tail.

 

Peart Farms, LLC, et al (290 Lamourie Road, Lecompte, LA 71346) to Barth Properties, LLC (P O Box 8579, Alex., LA 71306) - Tract in Sec 31, T2NR1E, et al, $200,950.91

 

DMOT, LLC (P O Box 5624, Alex., LA 71307) to PLOW, LLC (5615 Jackson St., Building L, Suite B, Alex., LA 71303) - 61.308 acres in Sec 30 & 31, T2NR3W, $154,708.00

 

(+3) Rod’s economic indicatorperfect 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 for five business day August 29, 2011 though September 2, 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 saleslooking for 40 closed deals from previous week market provided volume $5,449,187 with 50 sales. Total volume was $5,532,000 with 39 sales close enough for positive score.

 

 

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

 

Leslie A & Katherine T Sawhill (440 Country Road 232, Phase 20, Durango, CO 81303) to Kellie J Guedry (204 Sweetwater Rim, Pineville, LA 71360) - Lot 1, E C Mounce Subd. (2350 Donahue Ferry Road, Pineville, LA 71360), $149,000.00. Only 4 sales in past 3 years average is $183,050 sales we are tracking is $149,000 for negative score.

 

Raymond E & Sandy R West (315 Hermitage Road, Pineville, LA 71360) to James A Richmond and Sarah E Vidrine (512 Pecan Trail, Ball, LA 71405) - Lot 181, Pinebrook Estates Subd., $93,900.00. With 29 sales in past 3 years average is $97,000 sale we are tracking is $93,900

 

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

 

Waylon G Ryder (4282 J W Ryder Road, Deville, LA 71328) to Bryan M & Crystal J Normand (113 Fred Redwine Road, Deville, LA 71328) - 5.056 acres in Sec 37, T5NR3E, $30,000.00

 

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

 

V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Judith A Lambert (5834 Austin Dr., Alex., LA 71303) - Lot 217, Bocage Subd., Phase V (5834 West Austin Dr., Alex., LA 71303), $192,000.00

 

(-1) Lender total Salesrates positive score if lender sales are below 5% of total sales. 7 sales with volume of $573,000 / $5,532,000 = 10.36%

 

Federal National Mtg. Assoc. to Sarah L Vanderslice (2711 Madonna Dr., Alex., LA 71301) - Lot 4, Blk 7, Mimosa Place (2711 Madonna Dr., Alex., LA 71301), $62,900.00

 

Bank of New York to Eldon Dodge (257 Scroggs Road, Pineville, LA 71360) - 5.08 acres in Sec 1, T3NR1E (116 D Wilson Road, Pineville, LA 71360), $91,000.00

 

Patelco Credit Union to Shequanda S Frank (2508 Myland Dr., Pineville, LA 71360) - Tract in Sec 19, T5NR1E (208 Daniels Road, Ball, LA 71405), $115,000.00

 

Dept. of HUD to Stanley W Byrd (35 Hooper Road, Deville, LA 71328) - Tract in Sec 21, T5NR3E, $115,000.00

 

Dept. of HUD to David J Wesse (8216 Tom Bowman Dr., Alex., LA 71302) - Lot 15, Sq 115, Poplar Grove Addn., $51,966.00

 

The Bank of New York, et al to Dexter & Berdette Soileau (4800 Tullos Dr., Ball, LA 71405) - Tract in Sec 35, T5NR1E (113 Tioga Road, Pineville, LA 71360), $120,000.00

 

Dept. of HUD to Joseph Baty (380 Tot Dr., Alex., LA 71303) - Lot 89, Jefferson Subd., $16,500.00

 

Lender to Guarantor (it’s yours now)

 

U S Bank to Dept. of HUD - Lot 130, Lebanon Subd., Fifth Ext., $97,140.78

 

 

Interest Rates: 30 year fixed is 4.18% was 4.28% the 15 year rate is 3.37% was 3.42% . 5/1 ARM is 2.98% was 2.97%.

 

 

 

 

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