Rod's Notes Archives for 2012-01

Rod's Notes For Wednesday 01/25/12


Wednesday 01/25/12

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.com

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).

Announcements, Attachments and Travels:

People not properties:

Sidney Gremillion guest today: Sidney is project manager for Horseshoe and Masonic development.

Martin Johnson has left Regions bank to start his own consultant business. Martin will be successful with anything he does, keep your eye on this young man.

Rick Ranson: Kudos for job well done 4 days to put on job fair for unknown company turn out of 400 plus applicants and client said initial screening demonstrated there were enough qualified applicants to handle the account. Rick gave community credit for promotional push,.

Debra Randolph kudos for “Hero Job Fair” this week at England 90 employers registered for booth space. Jobs is what drives any economy, quality of life, infrastructure, political leadership all help but jobs is everything to growing economy and the blame for declining communities.

Kudos to Coach Charles Smith for his 800th win as basketball coach.

Jim Hurst kudos for saving Shiloh Baptist church, Jim is same guy who built his personal loft in upstairs portion of former Hills / Harris warehouse at 16th and Washington.

Azalea Trail recognized by National Geographic but nearly ignored by our neighbors. I walk the trail 20 plus times per year and rarely see any one from the center of my universe. Tell story of married couple on picnic early Sunday morning.

Every Deal has a tale / tail:

With only dozen transactions no deals to report but encouraging amount of construction activity which includes but not limited to the following:

1. OK Allen Bridge
2. Candle Light Hotel
3. Masonic Mid State Orthopedic Clinic and Bart Jones rehab
4. Completion of 96 units for Magnolia Trace
5. Arbor Hills on Shamrock 57 elderly apartments (need to stop by and see how the hill and valley is being reshaped)
6. Burger King on 28 East in Pineville
7. Completion of new Dollar General on Main Street in Pineville
8. Drive by reporters call in what I have missed.

(+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. Only the measurement of lot sale ranked positive score and random sales one scored positive the other negative.

Legal recorder data for four business days with Monday being MLK holiday activity is from January 16th to January 20th.

(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, 2010, and 2011 that demonstrate price direction.

(-1) Total sales looking for 40 closed deals from previous week market provided volume of $992,000 for only four days with MLK Holiday first time ever volume has been under $1,000,000 only 12 transactions.
American home sales rose in December to the highest pace in nearly a year. The gain coincides with other signs that show the troubled housing market improved at the end of 2011. Still, sales remain depressed and ended the year well below healthy levels. The National Association of Realtors says home sales increased 5% last month to a seasonally adjusted annual rate of 4.61 million. For the year, home sales totaled only 4.26 million, up from 4.19 million the previous year less than 2% increase. In 2005 the peak of the boom we saw 7.1 million home sales economists equate healthy market at 6 million we are off that pace by 23% even with third month of increased sales. Conditions are in place for further gains this year prices have declined, interest rates have never been better, little competition in new home construction, supply of homes is at 7 month absorption rate, hiring has improved and layoffs has slowed sharply. Long way to full recovery but I hope we have seen the worst.

(+1) Random sales comparison: We track average sales price in certain subdivision for 2008 through 2011 and compare it to a sale this.

Christopher P & Rhea R Dugas (P O Box 4185, Pineville, LA 71360) to James A & Mallory R Tullos (5708 Whispering Pines Loop, Pineville, LA 71360) - Lot 39, Whispering Pines Subd., $161,500.00. Positive score above 2011 average.

Since 6-2008 there have been 21 sales in Whispering Pines with average sales price through 1-2012 being $146,159. The lowest price sale was just below $80,000 and the highest close to $167,000.

2008 there were 4 sales with average price of $147,478
2009 there were 6 sales with average price of $135,394
2010 there were 7 sales with average price of $132,420
2011 there were 4 sales with average price of $154,375


Joseph J Turioscy, Jr. (2024 Shannon Road, Alex., LA 71301) to Amber W Hively, et al (1621 Hyland Park Dr., Pineville, LA 71360) - Lot 69, Fourleaf Village (2024 Shannon Road, Alex., LA 71301), $110,000.00. Only 3 sales in past four years average price $102,000 positive score for the week.

(+1) New Home sales: Looking for a single sale this week for positive score the market gave us one sale

Marvin C Cassell (1945 Tom Cassell Road, Woodworth, LA 71485) to Elizabeth J Griffin (29 Ragan Dr., Alex., LA 71303) - Lot 250, Bocage Subd., Phase V, $226,500.00
2011 was the 3rd straight year of dismal home starts. The worst year on record for single-family home construction

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

Weilland Entrprises, LLC (316 Johnson St., Alex., LA 71301) to V & V Builders, LLC (1223 MacArthur Dr., Alex., LA 71303) - Lots 101, 113, 114, & 115 St. Andrews Links Estates, Phase III, $120,000.00. Four lots in Saint Andrews to local builder see attachment for V&V builders 2011.V&V sold 26 new homes in 2011 and absorbed 17 lots from their own inventory. V&V 2011 activity 23 new homes for 2011 of total 16 were in Bocage, 5 in West Pointe, 1 in Woodlake, and 1 in Saint Andrews. Thy absorbed 17 lots from their own inventory (see attachment for details)

Trustland Mtg., LLC (5615 Jackson St., Building L, Suite D, Alex., LA 71303) to Terry S Mayo, Jr. & Elizabeth A Mayo (888 Philadelphia Road, Deville, LA 71328) - 1 acre in Sec 4, T4NR2E, $17,500.00

LA Conference Center of the United Methodist Church (2350 Methodist Parkway, Woodworth, LA 71485) to Roy O Martin Lumber Co., LLC (P O Box 1110, Alex., LA 71309) - Lot 125, Country Club Place Subd., Phase 6, $50,000.00

Bradley K Rushing, et al (4300 Overview Dr., Pineville, LA 71360) to Brian W Brandi S Nichols (370 Kings Dr., Pineville, LA 71360) - 2.24 acres in Sec 31, T5NR2E, $30,500.00

Ronald K Brown to A Dean Tyler (3786 Old Marksville Hwy., Pineville, LA 71360) - 1 acre in Sec 39, T4NR2E, $20,000.00

Richfield Subdivision lots are now listed at $39,900 very nice Pineville Development marketed by Susan Matthews and Bill Ellington.

(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales, this week market gave us $63,000 / $992,000 = 6.34%

U S Bank (4801 Frederica St., Owensboro, KY 42301) to ABC Homes, Inc. (P O Box 1236, Glenmora, LA 71433) - 5 acres in Sec 25, T2NR4W (101 Havens Road, Elmer, LA 71424), $63,000.00

Interest Rates: 30 year fixed is 3.96% was 3.8% the 15 year rate is 3.28% was 3.22%. 5/1 ARM is 2.91% was 2.86%. Slight up tick in interest rates
The Federal Reserve has specified how it will begin signaling when its benchmark interest rate will rise and what the rate will be at points in the future. Four times a year, starting Wednesday, the Fed will show in a chart the year when Fed officials predict they will begin raising the rate. Another chart will show individual Fed members' predictions for the rate at the end of 2012, 2013 and 2014. More guidance on rates might help lower long-term yields further—in effect providing a kind of stimulus. Lower rates could lead consumers and businesses to borrow and spend more. The economy would likely benefit. The Fed has left its key short-term rate at a record low near zero for the past three years. In August, it said it planned to leave the rate there until at least mid-2013 unless the economy improved. Many private economists believe the rate is likely to remain near zero for longer than the mid-2013 target. Many are forecasting the first rate hike will not occur until sometime in 2014.

Rod's Notes For Wednesday 01/18/2012


Wednesday 1/18/2012

 

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).

 

Announcements, Attachments and Travels:

 

Hero’s Job Fair January 26th

 

Announcement Public meeting regard selling water to Texas from Toledo Bend Cypress Bend resorts January 12th. I called the owner of Wildwood Lodge for this report on the meeting. In attendance were approximately 200 emotional property and business owners. The proposal was tabled until state water study could be completed. My question is why we would sell our water to Texas when this is one of our State’s competitive edges to recruit industry.

 

Cypress Point sales study.

 

Attachment: Joan Manuel’s new Yoga Center 1205 Texas Avenue, opens February 1st.

 

People not properties:

 

Caller last week asked about former recreation facility that the Air Force owned at Cotile Lake: Update on that property Gary Barth and his partner have sold the property to someone who plans to build cabin to rent along with hook ups for RVs.

 

Jimmy Deramus second show was equally entertaining, support characters are really characters. Don’t miss a show Sunday night on History Channel at 9:00 pm.

 

Harry Silver happy 90th birthday party was at the Red Cross on second floor nice facility, great party, wonderful right of passage.

 

Harley rider on South Circle 10:00 pm Friday night my apology and what talent to ride by and swipe my side mirror.

 

300 Realtors and 50 have not renewed for MLS this year, next week after La. Real Estate Commission meeting I can share the state wide trend of licensees not renewing. This is an early 2012 sign that our business is not doing better.

 

Every Deal has a tale / tail

 

Stirling purchases Avant properties in Shreveport, La. Rod Noles put the transactions together, read press release below.

 

Mike Madsion retiring CEO at CLECO sells his home. Gnat Marks was listing broker. Michael H & Terri L Madison (6417 Genevieve Dr., Alex., LA 71303) to Robert L Chadwick, Jr. (5254 Rue Notre Dame, Alex., LA 71303) - Lot 117, Tennyson Oaks Subd., Phase VI (6417 Genevieve Dr., Alex., LA 71303), $520,000.00

 

Vaughn Flying Service, Inc., et al (6893 Bayou Rapides Road, Alex., LA 71303) to M & J Equipment Company, LLC (1320 Levin Gremillion Road, Plaucheville, LA 71362) - 13.08 acres in Sec 6, T1NR1E, $150,000.00

 

Thomas D Brasher, et al (476 Royale Park Dr., San Jose, CA 95136) to Crest Natural Resources, LLC (P O Box 6115, Alex., LA 71307) - 62 acres in Sec 21, T5NR1E, $87,000.00

 

(+1.50) 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. Only the measurement of lot sale ranked positive score and random sales one scored positive the other negative.

 

Legal recorder data for five business days from January 9th through 12th on Monday did not have sales for Friday 13th.

 

(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 33 sales with total volume of $3,394,064. First time we have seen volume under $4,000,000 I will continue to track this.

 

(+.50) Random sales comparison: We track average sales price in certain subdivision for 2008 through 2011 and compare it to a sale this.

 

Grimes Family Properties, LLC (901 Windermere Blvd., Alex., LA 71303) to Richard L & Danette U Cruz (5711 Carl St., Alex., LA 71302) - Unit 404-C, Cypress Point Condominiums (404-C Ansley Blvd., Alex., LA 71303), $145,000.00. This sale is lower than average for 25 condo sales thus negative rating.

 

Dustin M & Katherine M Lee (500 Jeffery Lane, Deville, LA 71328) to Bruce J & Amanda L Dubois (1477 Susek Dr., Pineville, LA 71360) - Lot 2, Holloway Heights (500 Jeffery Lane, Deville, LA 71328), $164,000.00. Average price in past three years is $159,719 only 4 sales but the one we are tracking is higher than average hence positive score.

 

(-1) New Home sales: Looking for a single sale this week for positive score the market gave us zero

 

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

 

Southern Heritage Bank (P O Box 8, Jonesville, LA 71343) to Melot Construction, LLC (115 2nd St., Colfax, LA 71417) - Lot 26, North Park Village, Phase 1, $12,200.00

 

Charles W & Loretta S Vollman (P O Box 12846, Alex., LA 71315) to Charles R & Charissa S Owens (5278 Bluebird Lane, Alex., LA 71303) - Lot 311, West Pointe on the Bayou, Phase XI (6425 West Morgan Dr., Alex., LA 71303), $52,000.00

 

(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales, this week market gave us four sales with a volume of $191,700 / $2,125,304 = 9%

 

The Money Shack, LLC (105 Bolton Ave., Alex., LA) to James D & Kristy R Watson (1328 2nd St., Pineville, LA 71360) - Lot 3, Tract 6, Stephens Revision, Sam Allen properties, et al, $13,500.00

 

LPP Mtg., Ltd. (6000 Legacy Dr., Plano, TX 75024) to Pennington Properties, LLC (P O Box 13742, Alex., LA 71316) - Lot 12 & 14, Sq 3, Valley Addn. (102 Hill St., Pineville, LA 71360), $24,000.00

 

Sabine State Bank (P O Box 670, Many, LA 71449) to Leslie A Lamartiniere (1702 Pierce Road, Alex., LA 71302) - Lot E, Bayou Oaks Subd., Phase II (77 Bayou Oaks Dr., Alex., LA 71303), $142,000.00

 

Southern Heritage Bank (P O Box 8, Jonesville, LA 71343) to Melot Construction, LLC (115 2nd St., Colfax, LA 71417) - Lot 26, North Park Village, Phase 1, $12,200.00

 

Interest Rates: 30 year fixed is 3.88% was 3.90% the 15 year rate is 3.22% was 3.23%. 5/1 ARM is 2.86% was 2.88%.

 

Large Mortgages

 

Antigua Investments, LLC Thomas Cupples, Jose Porras, and Bill Alllen (15358 Jackson St., Alex., LA 71301) to The Cottonport Bank (P O Box 5, Marksville, LA 71351) - Lots 1-12, Blk 4, Weil Co. Subd., et al (1101 16th St., Alex., LA 71301), $1,001,539.00. This is the Canterbury House at Washigton and 16th Street.

 

Rod Noles CCIM, CRE, CPM put the following deal together.

 

FOR IMMEDIATE RELEASE

MONDAY, JANUARY 16, 2012

CONTACT: BRIANNA MAHN

(985) 246-3732

bmahn@erastirling.com

 

Stirling Properties Expands Presence in Northwest Louisiana by Acquiring Avant Properties

SHREVEPORT, LOUISIANA (JANUARY 16, 2012) – Stirling Properties announces the acquisition of Shreveport, Louisiana based Avant Properties in an agreement that was finalized earlier today. The acquisition of Avant Properties further strengthens Stirling Properties’ presence in the Gulf South and is a critical step in their long term strategic growth plans. Avant Properties’ current personnel and portfolio will be integrated into Stirling Properties operations. Marty Mayer, President and CEO of Stirling Properties, said “Avant Properties’ excellent reputation and client-focused services are synergistic with our company and, just as

Important, their signature managed properties and local brokerage presence will strengthen our service offerings in northwest Louisiana.”

 

Typically known for developing and managing several successful shopping centers in the Shreveport/Bossier City region, Stirling Properties’ purchase of Avant Properties expands the company’s office and retail management portfolio, which now includes two of the most prominent high-rise office buildings in the Shreveport Central Business District, Chase Tower and American Tower, along with Pierremont Mall, Shreveport’s landmark retail destination and first mall. The combined portfolio of over 14 million square feet makes Stirling Properties the largest management and brokerage firm in the Shreveport/Bossier City region.

 

The founder and sole owner of Avant Properties, Keitha Avant Marcotte CCIM, SIOR, believes that aligning with Stirling Properties will provide a higher caliber of service to existing and future clients. “Stirling Properties is a very strategic and forward thinking company. The resources they offer our brokers and property  wners will enable us to take our client services to a new level. I am so proud of my team and find it very gratifying that our work was noticed and appreciated by Stirling.”

 

“This alignment reinforces Stirling Properties’ commitment to personally invest in the markets we serve and provides an even stronger base of operations in northern Louisiana on which to build,” concluded Mayer. For commercial real estate needs in north Louisiana contact Stirling Properties at their new Shreveport office located at 401 Market Street, Suite 160 on the ground floor of American Tower, or call (318) 797-4393.

 

About Stirling Properties

A member of the Retail Brokers Network, Stirling Properties is a regional real estate firm offering comprehensive services in development; commercial brokerage; property and asset management; investment sales; and property owner and tenant representation. Stirling Properties’ portfolio includes 14 million square feet of managed property and 60 million square feet of commercial properties for sale or lease. With offices located in Jackson, Mississippi; Baton Rouge, Lafayette, New Orleans, Metairie, Covington, Hammond, and Shreveport/Bossier City in Louisiana, Stirling is one of the largest real estate firms in the Gulf South.

Central Louisiana Board of REALTORS®, Inc Rapides Parish Residential Sales

 

 

                                                                YTD, 2011                            YTD, 2010                                            YTD, 2009

Total # Sold                                                     875                                         914                                                          911

Median Sold Price                             $139,900                              $137,750                                                $142,000

Median SP/SQFT                                      80.91                                    81.73                                                       83.20

Average Sold Price                            $152,755                              $146,625                                               $152,105

Average SP/SQFT                                     77.30                                     78.19                                                      78.29

Average DOM                                                 98                                           99                                                            96

 

 

 

 

Grant Parish Residential Sales

 

                                                                YTD, 2011                            YTD, 2010                                            YTD, 2009

Total # Sold                                                      105                                          76                                                          101

Median Sold Price                             $115,000                              $116,500                                               $104,000

Median SP/SQFT                                       71.67                                     66.21                                                            86

Average Sold Price                           $110,108                             $112,662                                             $105,182

Average SP/SQFT                                     67.23                                      66.21                                                    69.43

Average DOM                                                104                                          119                                                          86

 

 

Avoyelles Parish Residential Sales

 

 

                                                                YTD, 2011                            YTD, 2010                                            YTD, 2009

Total # Sold                                                        86                                          87                                                          69

Median Sold Price                                $78,250                                 $78,000                                                $88,000

Median SP/SQFT                                      46.79                                     48.11                                                     52.22

Average Sold Price                              $95,923                                 $85,282                                                $96,167

Average SP/SQFT                                     53.27                                     50.35                                                     52.68

Average DOM                                                  88                                         105                                                            74

 

 

 

Central Louisiana Board of REALTORS®

Absorption Rate Residential Sales

December 2011

                               

 

Currently, there are 710 homes for sale.

In the month of December, 103 homes sold.

In the month of December, 115 home came on the market.

 

Currently, there are 28 homes above $400.001 for sale.

In the month of December, Four (4) homes sold in this price range.

In the month of December, Two (2) homes went on the market in this price range.

 

Currently, there are 26 homes price between $300,001, and $400,000 for sale.

In the month of December, One (1) homes actually sold in this price range

In the month of December Six (6) homes went on the market in this price range.

 

Currently, there are 122 homes prices between 200,001 and $300,000 for sale

In the month of December, 16 homes actually sold in this price range

In the month of December, 18 homes went on the market in this rice range.

 

Currently there are 120 homes priced between $150,001, and $200,000 for sale.

In the month of December, 19 homes sold in this price range.

In the month of December, 29 homes went on the market in this price range.

 

Currently there are 158 homes priced between $100,001, and $150,000 for sale.

In the month of December, 21 homes actually sold in this price range.

In the month of December, 24 homes went on the market in this price range.

 

Currently there are 256 homes priced $100,000 or below, for sale

In the month of December, 42 homes actually sold in this price range.

In the month of December, 42, homes went on the market in this price range

 

Residential sold

Rapides Parish

 

December, 2011               December, 2010                 December, 2009                  

Total # Sold                                                   78                                           65                                             77            

Median Sold Price                          $139,500                              $126,000                                $150,000   

Median SP/SQFT                                    79.52                                    81.76                                        81.23                       

Average Sold Price                         $173,910                             $138,872                                    152,548

Average SP/SQFT                                   77.83                                    77.25                                         77.20                            

Average DOM                                            104                                           93                                               95                  

 

Thank You

 

Sonya Allen, e-PRO

Association Executive

Central Louisiana Board of REALTORS
Alexandria LA USA
tel (318) 473-8324 fax (318) 473-9735

Rod's Notes For Wednesday 01/11/12


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).

 

Guest today: J.J Keeth co-owner of Louisiana Properties Mossy Oaks. J.J is from Central La. now resides in Shreveport but handles acreage deals all over the state. Mossy Oaks granted only one franchise in state of Louisiana. J.J will be ready to take your calls after we come back from the first break

 

 

Attachments, Announcements, and Travels:

 

I was at LSU game with brother in law Lon Wilson and his two sons Lon and Brent. Saw good group of people from Central La. Ran into Kyle Wolfe State Farm agent from Bunkie and gentleman he was sitting with told me after our introduction that he listens to show each week. I was  a little late leaving the game we were blocked by LSU team bus and they were slow in leaving someone had painted 50 yard line in front of the bus.

 

Sunday, we traveled to Wildwood lodge at Toledo to make facility inspection for Bruyninckx. Randy Ziegler manager and owner told us lake was down 12’ and this week there is public meeting at Cypress Inn on Thursday 12th at 6pm.

 

Announcement Public meeting regard selling water to Texas from Toledo Bend Cypress Bend resorts January 12th at 6pm

 

Note Alvin Mykoff absorption report, more about that as we move through the show.

 

People not properties:

 

Jimmy Deramus as the star of “Cajun Pawn Star” was a hit in my living room. I plan to watch every episode this is non fiction by design but very entertaining. Jimmy and his support crew really do have a good presence on TV. Remember 9 pm Sunday evening on the History channel, fun to watch and you have to be happy for Deramus family.

 

Every Deal has a tale / tail

 

Succn of James L DeKeyzer to Peter C DeKeyzer - Part of Lots 2 & 2, Brown Partition of Big Bayou, et al, $1,030,000.00

 

St. James Episcopal Housing Development Corp. to Antigua Investments, LLC - Lots 1-12, Blk 4, Weil Co. Subd., et al, $765,000.00

 

Number of License not renewing: This will give the best indication of what actual carnage was in our industry for 2011. Two sources one is local MLS how many of our 300 agents did not renew. Right now 50 have not paid MLS dues that represents 17% drop in our local membership. I predict the final number will be closer to 12%. Next Wednesday I will attend La. Real Estate Commission meeting and we should have early tally on how many licensed agents did not renew.

 

Mykoff Absorption Numbers for December

 

Supply number in Months                 Category                    Number listed                        number sold               new on the market

7.71                                                    All                                773                                         95                                97

6.75                                                    Above $400k             27                                            4                                  2

29                                                        $250K- $400K          87                                            3                                  11

6.13                                                    $150K-$250              184                                         30                                30

7.48                                                    Under $150                434                                         58                                54

 

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. Only the measurement of lot sale ranked positive score and random sales one scored positive the other negative.

 

Legal recorder data for five business days from January 3rd through January 6th, this is only 4 days of transaction with clerk of court closed on January 2nd.

 

(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 $4,537,270 with 32 transactions for negative scroe

 

 

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

 

Billy M & Yarvetta S Singleton (505 Windemere Blvd., Alex., LA 71303) to Prudential Relocation, Inc. - Lot 295, Charles Park Addn. (505 Windemere Blvd., Alex., LA 71303), $170,000.00. Negative score lower than average for any of past three years.

 

Loretta A Ledoux (2336 Vance Ave., Alex., LA 71301) to Wasmer Properties, LLC (2001 Jackson St., Alex., LA 71301) - Lot 11, Sq 5, Hill Addn. (2336 Vance Ave., Alex., LA 71301), $71,500.00. Positive score higher than last year’s average not as high as 2008 average

 

 

(-1) New Home sales: Looking for a single sale this week for positive score the market gave us zero

 

 

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

 

DONK, LLC (580 Hwy. 115, Deville, LA 71328) to Kayla M Youngblood & Bryan M Middleton (P O Box 364, Pollock, LA 71467) - 2.72 acres in Sec 21, T5NR1E, $63,800.00

 

(-1) Lender total Sales rates positive score if lender sales are below 5% of total sales, this week market gave total volume of $758,765 / $4,537,270 = 16.72%

 

Deutsche Bank (9200 Oakdale Ave., 10th Floor, Chatsworth, CA 91311) to Mark A Gravel Properties (P O Box 5666, Alex., LA 71307) - Lot 12, Sq F, Martin Park, $65,635.00

 

Dept. of HUD to Linda J Verbridge (117 Wildwood, Pineville, LA 71360) - Lot 5, Woodland Heights Subd. (117 Wildwood, Pineville, LA 71360), $105,900.00

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Joseph C & Kimberly S Lacour - Tract in Sec 25, T2NR4W (396 Harper Road, Hineston, LA 71438), $67,500.00

 

The Evangeline Bank (P O Box 12900, Alex., LA 71315) to Archie Lambert, II & Sheryl A Lambert (508 Anderson Court, Alex., LA 71303) - Lot 69, Crossgates Subd., Phase IV (508 Anderson Court, Alex., LA 71303), $220,000.00

 

Federal National Mtg. Assoc. (14221 Dallas Parkway, Suite 1000, Dallas, TX 75254) to Terry C & Sara K Iles - Lot B of a division of Blk 6, East Point Addn. (611 Fox St., Pineville, LA 71360), $75,000.00

 

LPP Mtg., Ltd. (6000 Legacy Dr., Plano, TX 75024) to Deepak & Rashmi Juneja (6414 Bayou Crossing, Alex., LA 71303) - Lot 301, West Pointe on the Bayou, Phase XI (6414 Bayou Crossing, Alex., LA 71303), $225,000.00

 

Interest Rates: 30 year fixed is 3.94% was 3.98% the 15 year rate is 3.28% was 3.29%. 5/1 ARM is 2.88% was 2.87%.

 

Rod's Notes For Wednesday 01/04/12


Wednesday January 4th, 2012

 

Michael Altshuler’s famous quote always seems appropriate at this time of year; “The bad news is that time flies. The good news is you’re the pilot”.

 

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).

 

 

Attachments, Announcements, and Travels:

 

Courtland Place study of sales since 1-1-08

Mill Pond study of sales since 1-108

Largest real estate deals of 2011

Largest home sales of 2011

Press release for Veteran Job Fair

 

Announcement Public meeting regard selling water to Texas from Toledo Bend Cypress Bend resorts January 12th at 6pm

 

People not properties:

 

On sad note David Stock 56 pasted away this week, David and Glenda are owners of 5 McDonald restaurants and active community leaders.  Our prayers are with Glenda and her family.

 

Deborah Randolph President of Central La. Chamber of Commerce will be guest this morning.

 

Maurice and Ron Hebert are opening their own real estate firm and will be headquartered in Century Tel building as er-development property that Maurice sold to Gerome Karam last month.

 

 

Every Deal has a tale / tail

 

Four homes sold last year for a million dollars or more and two of those sales were last week.

 

Jeremy D & Veronica W Duncan (5010 Plantation Road, Alex., LA 71303) to Paul S Arnold, Jr. & Laura W Arnold (5758 Bayou Rapides Road, Alex., LA 71303) - 8.136 acres in Sec 83, T4NR1W, $1,250,000.00

 

Robert E & Pamela E Schroeder (5601 Courtland Place, Alex., LA 71301) to Jeremy D & Veronica W Duncan (5758 Bayou Rapides Road, Alex., LA 71303) - 15.028 acres in Sec 23, T4NR1W (5010 Plantation Road, Alex., LA 71303), $1,400,000.00

 

Diane C & Craig W Hamilton to Hallie N & Christian J Wold - 2.856 acres in Sec 43, T3NR1W, et al, $1,250,000.00

 

Benjamin T & Melanie M Drury (2600 Horseshoe Dr., Alex., LA 71301) to William D & Elizabeth P Long (5601 Courtland Place, Alex., LA 71301) - 2.595 acres in Sec 23, T3NR1W, et al (2600 Horseshoe Dr., Alex., LA 71301), $1,000,000.00

 

Attachment: the list top 10 highest priced homes that sold last year in the range of $1,400,000 down to $630,000.

 

If you were waiting for lower interest rates to buy $1,000,000 home then all you need for deal like this is $200,000 down finance $800,000 at 4.5% for 30 years and your payments are only $4,053.48.

 

2400 Horseshoe Drive Evergreen Plantation is now on the market will be first home sale to top $2,000,000

 

Alex Lodging Investment, LLC (1430 IH 35 South, Waco, TX 76706) to Jupiter Lodging Partners, LLC (5650 Frontage Road, Monroe, LA 71202) - Lot 2 & part of Lots 1 & 25, Blk K-1, Woodlawn Subd., et al (2001 N Bolton Ave., Alex., LA 71303), $2,100,000.00. Comfort Inn on North Bolton (Reminder that Hampton Inn sold last month for $9,000,000)

 

Field V Gremillion, III, et al (1003 Candy Lane, Alex., LA 71303) to Arbor Hill Senior Apartments, LLC (474 Wando Park Blvd., Suite 102, Mount Pleasant, SC 29464) - Lot 1 Arbor Hills Subd., $175,000.00. Pineville acreage on Shamrock next door to Mr. Hoyt at North Carolina Company plans to develop 68 unit senior housing multi family housing, my sale Jamie Lemoine’s listing. Deal took one year to complete city of Pineville was great to work with

 

The Lake District, LLC (4700 Wilton Place, Alex., LA 71303) to North Ridge Development Co., LLC (4333 Shreveport Hwy., Pineville, LA 71360) - Lot 1, Lake District, Phase III, $490,050.00. Site for new assisted living development by local Pineville headquarter senior housing developer. First sale to the west of Versailles. My sale and listing we call that a double bubble.

 

Top Five largest commercial sales for 2011

 

Consist of two hotels, bank building, retail property next to Wal-Mart, and a church. Two of the sales were on 28 West and ,all five sales were on Alexandria side of the river. Top five sales ranged in price from high of $9,000,000 to $1,500,000

 

Alexandria Inn, LLC, et al to MIC Aex, LLC (202 W Superior St., Suite 321, Duluth, MN 55802) - Parcel J of Calhoun Commercial Park I, $9,000,000.00

 

Robert B Tudor, Jr., LLC, et al (1412 Centre Court Dr., Suite 500, Alex., LA 71301) to Red River Bank (1412 Centre Court, Alex., LA 71301) - 2.885acres in Sec 43, T4NR1W, $6,200,000.00

 

CenturyTel Service Group, LLC to Plaza 28, LLC (308 W Parkwood, Suite 104A, Friendswood, TX 77546) - 14.96 acres in Sec 26, 27, & 85, T4NR1W, $2,950,000.00

 

Alex Lodging Investment, LLC (1430 IH 35 South, Waco, TX 76706) to Jupiter Lodging Partners, LLC (5650 Frontage Road, Monroe, LA 71202) - Lot 2 & part of Lots 1 & 25, Blk K-1, Woodlawn Subd., et al (2001 N Bolton Ave., Alex., LA 71303), $2,100,000.00

 

A Few Dozen Enterprises, LLC (5778 Hwy. 544, Simsboro, LA 71275) to One Life Church, Inc. (P O Box 14507, Alex., LA) - 2.851 acres in Sec 76 & 77, T4NR2W, $1,500,000.00

 

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. Only the measurement of lot sale ranked positive score and random sales one scored positive the other negative.

 

Legal recorder data for five business days from December 27, 28, 29 (closed Monday 26th and Friday 30th)

 

(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 $8,099,876 and although we only saw 28 sales with this high of volume with only three days REI scores a positive.

 

 

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

 

William D & Elizabeth P Long (2600 Horseshoe Dr., Alex., LA 71301) to Robert E & Pamela E Schroeder (5010 Plantation Road, Alex., LA 71303) - Lot 16, Courtland Place (5601 Courtland Place, Alex., LA 71301), $490,000.00. Six sales since June 2008 average price is $408,000 sale we are tracking is $490,000

 

Tammy L Burnaman, et al (17011 Jennifer Dr., Livingston, LA 70754) to Michael W & Kaitlin R Hanks (12781 Mill Pond Road, Deville, LA 71328) - Lot 6, Mill Pond Subd., $154,000.00. This sale of $154,000 is lower than any one year average for past three years, hence negative scorec

 

(+1) New Home sales: Looking for a single sale this week for positive score the market gave us two

 

 V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Josephine S Turner (P O Box 14387, Alex., LA 71315) - Lot 208, Bocage Subd., Phase V (5835 West Austin Dr., Alex., LA 71303), $212,000.00

 

Three B Construction, LLC (P O Box 2167, Prairieville, LA 70769) to Robert L Ward (1101 16th St., Apt. 105, Alex., LA 71301) - Lot 55, Shadow Creek Ranch, Part I (337 Shadow Creek Ave., Pineville, LA 71360), $166,900.00

 

(+1) Lot Sales or home site acreage: Only need one sale for positive score and this week the market gave us four and two from developer’s inventory.

 

Brent P & Marjorie Bernard (100 Moreno Road, Glenmora, LA 71433) to Anthony B & Regina L Wright (90 Moreno Road, Glenmora, LA 71433) - 6 acres in Sec 5, T2SR2W, $17,000.00

 

Ryan J Marcelle, Jr. & Jennifer A Marcelle (950 Hwy. 3170, Alex., LA 71302) to Michael Murphy, Sr. & Shanna L Murphy (489 Pecan Dr., Marksville, LA 71351) - 10 acres in Sec 65, T2NR1E, $67,000.00

 

B & B Office Holdings, LLC (P O Box 2167, Prairieville, LA 70769) to Samson Construction, LLC, et al (37177 Heritage Court, Geismar, LA 70734) - Tract in Sec 8, T4NR1E (320 Shadow Creek Ave., Pineville, LA 71360), $36,000.00

 

MRL, LLC (P O Box 3401, Pineville, LA 71360) to Louisiana Resource Management, Inc. (P O Box 11650, Alex., LA 71315) - 5 acres in Sec 2, T3NR2W (2419-B McKcithen Dr., Alex., LA 71303), $59,307.51

 

(+1) Lender total Sales rates positive score if lender sales are below 5% of total sales, this week market gave us zero appears market was in Christmas spirit.

 

Interest Rates: 30 year fixed is 3.94% was 3.98% the 15 year rate is 3.28% was 3.29%. 5/1 ARM is 2.88% was 2.87%.

 

 

 

 

 

 

 

       

 

 

 

 

 

 

 

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