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).
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 each week.
Attachments, Announcements, and Travels:
Affiliate Fish Fry for board of Realtors Thursday October 13th from 6-8 at Harold Miles Park.
October board of Realtors member luncheon this Thursday October 6th at Piccadilly 11:00 am.
Chandler Park sales study
Retreat West sales study
Ashton Plantation Auction this Saturday and Sunday 9 am located at 165 Chickmaw Road, Lecompte, La.
Money Ball maybe the only movie I seen twice at the theater. I’ve watched Top Gun several times on television or video.
McDonalds at Lee Street and MacArthur celebrate renovation re-opening. Boy did they complete that rehab with great alacrity.
People not properties:
Bob Blotner former owner of Blotner Brothers Auto Parts passed away last night.
(6041 Stonegate, Alex., LA 71303) to Bruce A & Dona K Williamson New CEO @ Cleco.
Tom Benson owner of the New Orleans Saints does anyone know if within his automobile dealership organization does he have Mercedes Benz franchise?
Marsha McGraw thank you for hosting the show next Wednesday, I will be attending La. Real Estate Commission meeting that Wednesday. Meetings are generally on Thursday so this will not be a once per month miss for me.
Andy Rooney is retiring and I missed his final show Sunday, darn to both just darn.
Every Deal has a tale / tail.
Lee Rubin has sold his laundry business to two partners who currently own two other cleaners. FTC may not approve because this could eliminate all competition with this laundry monopoly.
Last month failed to mention think it was in my notes but Fred Lampert sold his business Appliance parts.
Land clearing on Main Street as you approach the rail road over pass just prior to entrance of Louisiana College is a new Dollar General. The land was assembled by Paul Stich included three parcels one of which was owned by Ratcliff organization.
700 to 1,000 acres at Central Hospital in the city of Pineville would be a developers dream if the facility is closed. It will be fun to watch progressive administration in Pineville support planning and re-development of this wonderful piece of real estate.
New Round about open this week in Leesville, the one at England looks and works great. Curious when one at Jackson & Horseshoe will begin development.
Templin Forestry has relocated their office at 20 North MacArthur Drive formerly Mike Haynes real estate office. We announce sale on this show early September.
Front Page of WSJ weekend edition headlines reads: House if gone but debt lives on: (1) share with listeners contingent liability beyond lender’s recovery (2) parts of story was news did not know lenders do not always pursue only 41 states allow lender to go after borrower after foreclosure (3) Strategic defaulter” is prime “let’s pursue story so is second home debts short fall. (4) packages of contingency packages are being sold bundling the rights for investors to pursue claims instead of lenders.
Emails from listeners:
I think I found your next career -- Food Critic Extraordinaire.
Every Deal has a Tale:
I had the pleasure of eating at Janohn’s Restaurant in Boyce where I meet the manager – a young lady named Bridge (Gilchrist) Soileau – who said you know her. The food was fantastic (easily on par with the Bistro & Diamond Grill). Bridget 318-623-6630 or 318-793-5080
D'ARGENT PROPERTIES, LLC
Real Estate Development & Investment
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.”
Legal recorder data for five business day September 26th though September 30th 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 $6,345,899 with total of 49 sales. Nothing short of a great week and no sale bigger than $448,000.
(.50) Random sales comparison: We track average sales price in certain subdivision for 2008 through 2010 and compare it to a sale this.
Alayne M Bonnette, et al (541 Hwy. 453, Marksville, LA 71351) to John B & Patrice A Laws (5732 Mildred Ave., Alex., LA 71301) - Lot 111, Chandler park (5732 Mildred Ave., Alex., LA 71301), $160,000.00 In 2008 there were three sales at average price of $130,333 in 2009 there were four sales at an average of $152,475 showing percentage increase of 16.398%, in 2010 there were five sales with average price of $138,500 demonstrating 9.16% decline from previous year two sales in 2011 average $156,500. Sale I am tracking is $160,000 better than average for past three years and ahead of 2011 average.
Melinda L Casey (2204 Lee St., Alex., LA 71301) to Erik M Cain (1012 Retreat West, Pineville, LA 71360) - Lot 13, Retreat West (1012 Retreat West, Pineville, LA 71360), $123,500.00. 2008 there were 6 sales average price was $110,000. In 2009 there were only 2 sales average price was $125,000 or increase in value from previous year of 13.63%. In 2010 and year to date in 2011 there were 3 sales and average price of $118,000 demonstrating 5.60% decline from 2009. Sale we are tracking this week is $123,500 better than average of last three sales but below 2009 average for negative rating.
(+1) New Home sales: Looking for a single sale this week for positive score the market gave us two new home sales.
Fernwood Homes, Inc. (P O Box 1236, Glenmora, LA 71433) to David W & Jennifer L Perkins (P O Box 474 ,Oakdale, LA 71463) - 1 acre in Sec 2, T1NR1W (385 H Strange Road, Lecompte, LA 71346), $143,000.00
Floyd C Hebert, Inc. (4033 Waterford Dr., Alex., LA 71303) to Brent D Aymond (163 Woodwind Dr., Pineville, LA 71360) - Lot 88, Woodlake Subd., Phase V-B, $245,000.00
(+1) Lot Sales or home site acreage: Only need one sale for positive score and this week the market gave us three sales only one from developer’s inventory.
F & J Investments, LLC (1535 Jackson St., Alex., LA 71301) to Jeffrey W & Aphra M Bolyer (123 N Bend Dr., Pineville, LA 71360) - Lot 25, Hidden Path Subd., Phase II (TBD Hidden Pines, Pineville, LA 71360), $58,000.00
Cecil B Thibodeaux (8678 Hwy. 71 S, Lecompte, LA 71346) to Casey L Bennett, et al (60 H Strange Road, Lecompte, LA 71346) - 17.09 acres in Sec 39 & 40, T2NR1E, et al, $14,000.00
Marion J Johnson, Jr. (191 Joanne Dr., Dry Prong, LA 71423) to Philip C & Mary G Beaubouef (98 Monroe Woodson Road, Deville, LA 71328) - 2.5 acres in Sec 14, T4NR3E (122 Monroe Woodson Road, Deville, LA 71328), $20,000.00
(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales, two sales this week total volume of $476,299 / $6,345,899 = 7.5%
Federal Home Loan Mtg. Corp. to Keian K Jammaleddin & Nafiz A Musleh (6424 Tennyson Oaks Lane, Alex., LA 71301) - Lot 31, Tennyson Oaks Subd., $325,000.00
Dept. of HUD to Earl Waltman (P O Box 529, Alex., LA 71309) - Lot 10, Camellia Heights Subd., $71,300.00
LPP Mtg., Ltd. (6000 Legacy Dr., Plano, TX 75024) to KPRO Enterprises, LLC (5411 Coliseum Blvd., Alex., LA 71303) - Lot 52, Pinebrook Estates Subd. (6716 Longleaf Trace, Ball, LA 71405), $79,999.00
Interest Rates: 30 year fixed is 4.00% was 4.05% the 15 year rate is 3.35% was 3.33% . 5/1 ARM is 3.00% was 2.99%.
New Report shows total mortgage amount for the week volume, number of mortgages, and ratio to sales:
Last week there we 69 closed mortgage transactions and 49 sales with total volume of $9,888,491 closed mortgage amount / sales volume of $6,345,899 = 156%
Fewer banks every year: When I was 35 years old was asked to join Security Bank board at that time there were over 12,000 banks today there are 7,513 much fewer banks and the trend will continue. Between closures 157 in 2010 and 865 on troubled watch list and mergers we can expect fewer banks in the future.
LLC who are you?
F & J Investments, LLC Jimmy Faircloth (1535 Jackson St., Alex., LA 71301) to Jeffrey W & Aphra M Bolyer (123 N Bend Dr., Pineville, LA 71360) - Lot 25, Hidden Path Subd., Phase II (TBD Hidden Pines, Pineville, LA 71360), $58,000.00
The Linc Group, LLC Jason Huffman & Kevin Gill (P O Box 4769, Pineville, LA 71360) to Michael E & Ryan Lynn Burleigh (3006 Wesley Circle, Woodworth, LA 71485) - Lot 140, Country Club Place Subd. (3006 Wesley Circle, Woodworth, LA 71485), $260,000.00
Marson Properties, LLC Mary Abbott Sonnier (1749 Watson Road, Pineville, LA 71360) to Julie A Ourso (1004-A Nye Dr., Alex., LA 71303) - Tract in Sec 35, T5NR1W (407 Lafayette Dr., Pineville, LA 71360), $75,000.00
F & L Holdings, LLC Fred Hamel (102 Royal St., West Monroe, LA 71291) to RCW, LLC (5014 Plantation Road, Alex., LA 71303) - 1.12 acres in Sec 8, T4NR1E, $30,000.00