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Mandeville, LA, 3 Year Real Estate Review, South of I-12, East of Hwy 190

The graph above, (feel free to click to enlarge) illustrates a 3 year review of real estate activity for the City of Mandeville, South of I-12 and East of Hwy 190. Major subdivisions in this area include; Greenleaves, Meadowbrook, The Reserve, Forest Brook, Hunter’s Glen, Rosedown, The Woodlands, Quail Creek, and many more. This graph tracks the number of new, active, and sold homes, as well the average sales price, on a month to month basis, from March 2007 to February 2010.

Looking at the top part of the graph I see the average sales price for this area has stayed very close to $250K for over a year. This is good, home values are stabilizing.  I also see the number of active listings over this 3 year period has reduced by a full 1/3 going from 450 in 2007 to 300 in 2010. Mandeville’s over supply of homes is dwindling and this is good. Fewer listings, higher demand, hence higher values.

Lower down I see the number of new listings on the market has taken a 50% hit over the past 3 years, from 140 or so, down to less than 70 for sure. New construction has been the hardest hit. Now for the sold listings, well... over the last 3 years it looks like what I would expect. A humpback whale several times over. On a yearly basis a real estate market is very cyclical, with peak sales during the summer months and drops during the winter / holiday months. Like rolling hills.

If you have any questions or comments, feel free to post. For real estate services throughout St Tammany Parish, visit

www.TheScogginGroup.com

Thank You

Marc

Mandeville Louisiana, 3 Year Real Estate Review, South of I-12 and West of Hwy 190

The graph above, (feel free to click to enlarge) illustrates a 3 year review of real estate activity for the City of Mandeville, South of I-12 and West of Hwy 190. Major subdivisions in this area include; Beau Chene, Covington Country Club, Riverwood, Beau Rivage, Fontainebleau, The Sanctuary, and many more. This graph tracks the number of new, active, and sold homes, as well the average sales price, on a month to month basis, from March 2007 to February 2010.

The biggest insight I find here is the number of active listings. This number has dropped for the past 6 months, and as the inventory of homes decreases then prices will increase. Fewer homes on the market creates demand and value. Looking at this microcosm I see prices on the rise, for the short futures. The number of homes must continue to decrease for the values to continue to rise. Simple supply and demand.

For any questions, please contact us. Email

For an in-depth evaluation of YOUR homes current price, commonly called a CMA (current market analysis) or a BPO (broker price opinion), visit

www.StTammanyHomeEvaluation.com

We cover residential and commercial real estate for Mandeville, LA.

Thank You

Marc Pellettiere

Mauti Meredith Scoggin

Slidell, Louisiana, Days on Market and List Price vs. Sales Price Review, 2009

These charts contain date from the entire year 2009.

I also need to say that this chart includes the Cities of Pearl River and Lacombe to complement Slidell. This report could easily be called the East St Tammany real estate review. :)

30% of the homes listed in 09 sold in less than 30 days, but almost 1/3 took longer than 120 days. Ok but not great. In comparison to crunches many others are feeling these numbers I feel are good.

When you look at list price versus sales price the numbers here look good. Not more than 6% off of list price in 09. Buyers were able to negotiate a little but not too much. Sellers are able to stand firm on their asking prices.

For more information on Your homes current value in Slidell, visit

www.StTammanyHomeEvalution.com'

Thank You

Marc

Covington, Louisiana, Days on Market and List Price vs. Sales Price Review, 2009

 

These charts include date for the entire year 2009.

Before I get started I want to make sure I temper any statements here with the fact, the Covington year in review contains data which includes the Cities of Abita Springs, Folsom and Bush, and all the rural areas in between in St Tammany Parish. We did not feel it was necessary to break W St Tammany up into smaller markets for this review. Why do I say this? Well the numbers for Covington do not look as good as Mandeville, however you must take into account the larger area and different type properties. I do believe if we were to compare downtown Covington to Mandeville, the numbers would be more equivalent. However, this is called the Covington review, not the why are the numbers different than Mandeville review?

Less than 26% of the homes in Covington in 09 sold in less than 30 days, but almost 60% did sell in less than 90 days. The ugly number here is almost 33%, a full 1/3, took longer than 120 days.

Now the numbers here I think are ok. The list price versus sales price only range from a little over 3% to a little less than 6%. Even when a home took longer than 4 months to sell, Sellers were not having to give away the barn. The Sellers were only reducing their homes by less than 6% during 2009, which is not bad at all when you consider the overall economy. I am pleased with these numbers.

For a more precise look at your homes value in Covington, visit

www.StTammanyHomeEvaluation.com

Thank You

Marc

Mandeville and Madisonville, Louisiana, Days on Market and List Price vs. Sales Price Review, 2009

 

These charts contain data for the entire year 2009.

When you look closely at this pie chart, you see less than 30% of the homes listed on the market in 09 sold in less than 30 days. Over 30% took longer than 120 days. A better note is over 60% of the homes sold in less than 90 days. The majority sell within a reasonable amount of time. At least in my opinion 90 days is a reasonable amount of time.

Regardless of how soon or how long it took you to sell your home in Mandeville in 2009, average reductions off of list price only range 4% – 6%. This low percentage in reduction of list price verses sales price shows the homes in Mandeville held their value in 09. A percentage will always be there, but the lower the better.

For local information on Real Estate Home Sales in Mandeville and Madisonville, LA, visit

www.StTammanyHomeEvaluation.com

Thank You

Marc

Slidell, Pearl River, and Lacombe, LA Home Sales Activity Report, February 2010

This list covers the City of Slidell, LA 70458, 70460, and 70461. As well, this list includes data for the Cities of Pearl River, LA 70452, and Lacombe, LA 70445.

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44 seems a fair to middling’ number for these three cities. Better times are ahead I am confident.

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Download Slidell, Pearl River, and Lacombe, LA Home Sales, February 2010

The attached Adobe PDF document contains:

•Property Address

•Age of Property

•Condition of Property

•Square Footage

•# of Beds

•# of Baths

•Original List Price

•Final Sold Price

•Final Sold Price per Square Foot

•# Days on Market

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Here is brief glance;

City	Subdivision	Approx Living Area	SP$/SqFt
LACOMBE	FOREST GLEN	900	41
SLIDELL	PALM LAKE	2100	43
Slidell	Audubon Place	1001	59
Slidell	Piney Ridge Park Sub	1495	60
Slidell	Westchester	1428	60
SLIDELL	BRENTWOOD	1264	63
Lacombe	Erindale Heights	1310	65
Slidell	Belair	2350	65
SLIDELL	BELAIR	2701	65
Slidell	Magnolia Heights	1574	67
Slidell	kingspoint	1211	70
Slidell	Pinehurst	1947	71
SLIDELL	PINEHURST	2055	73
SLIDELL	THE TRACE	2940	77
slidell	cross gates	2300	77
PEARL RIVER	MAGNOLIA FOREST	2114	78
Pearl River	Magnolia Forest	2502	79
PEARL RIVER	LYNN PARK	2690	79
Slidell	Kingspoint	1550	82
SLIDELL	LAKE VILLAGE	1950	82
SLIDELL	LAKE VILLAGE	1900	82
slidell	Meadowlake	2300	82
Slidell	Cross Gates	2150	83
Slidell	Springhill	2065	84
SLIDELL	THE INLETS	3315	87
SLIDELL	COUNTRY CLUB	2100	87
Slidell	Tanglewood	1748	88
Lacombe	Choctaw Springs	1202	90
Slidell	Ozone Woods	1327	95
Slidell	Willowwood	1575	96
Slidell	The Moorings	3014	98
Slidell	Lakeshore Village	1182	101
SLIDELL	CYPRESS LAKES	2450	101
SLIDELL	Chamale Oaks	2540	104
Slidell	Ozone Woods	1350	105
Slidell	abney co air	1256	107
PEARL RIVER	OAKLEY PLACE	1637	109
Slidell	Ozone Woods	1228	114
SLIDELL	TUSCANY	2300	124
Slidell	Clipper Estates	1950	126
Pearl River	Pittman's Place	2520	126
Slidell	French Branch	2600	130
Slidell	Autumn Lakes	1973	136
SLIDELL	MARINERS COVE	3844	137

For a more in-depth look into your homes current market value, visit;

www.StTammanyHomeEvaluation.com

and you will be contacted shortly.

Thank You

Marc

Covington, Abita Springs, LA Home Sales Activity Report, February 2010

This list covers the City of Covington, LA 70433 and 70435, as well the Cities of Abita Springs, LA 70420, and Folsom, LA 70437.

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28 is less than what I was expecting. I would have to check last months numbers but I think 28 is down from January.

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Download Covington and Abita Springs, LA Home Sales, February, 2010

The attached Adobe PDF document contains:

•Property Address

•Age of Property

•Condition of Property

•Square Footage

•# of Beds

•# of Baths

•Original List Price

•Final Sold Price

•Final Sold Price per Square Foot

•# Days on Market

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Here is just a peek. :)

City	Subdivision	Approx Living Area	SP$/SqFt
COVINGTON	NO SUBDIV	1637	22
Covington	Lake Vista Estates	2098	27
MANDEVILLE	KINGS ROW	988	38
covington	penn mill	2288	64
ABITA SPRINGS	ABITA SPRINGS	2548	66
Covington	Tammany Hills	1455	85
covington	Ozone	1254	91
Covington	Lake Ramsey	1990	92
Covington	Highlands	2690	92
Covington	NONE	1760	93
ABITA SPRINGS	CITY OF ABITA	1616	94
Covington	Del Sol	2819	98
COVINGTON	TAMMANY HILLS	1614	99
ABITA SPRINGS	none	2700	107
Covington	Crestwood	2000	108
Abita Springs	Abita Springs Estate	1365	113
Covington	Del Sol	2065	114
Abita Springs	Ingram Estates	1534	114
Covington	Timber Branch	2220	118
COVINGTON	OX LOT SQUARE	2750	118
FOLSOM	NA	2611	118
COVINGTON	SHADY LAKE ESTATES	1190	121
Folsom	Stone Lake Estates	2118	122
Covington	Lake Ramsey	1968	123
Covington	Del Sol	1716	126
Covington	The Village	2340	134
ABITA SPRINGS	MONEY HILL	3491	140
Covington	Orchard	1390	160

For a more in-depth look into the current market value of your home, visit;

www.StTammanyHomeEvaluation.com

and fill out a brief questionnaire.

Thank You

Marc

Mandeville and Madisonville, LA Home Sales Activity Report, February 2010

The pie chart above illustrates data pulled for the Cities of Mandeville, LA 70448, 70471, as well Madisonville, LA 70447.

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43 homes sold for the month of February. That number is up a little. Shows a little promise. :)

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Download Mandeville and Madisonville, LA Home Sales, February 2010

The attached Adobe PDF document contains:

•Property Address

•Age of Property

•Condition of Property

•Square Footage

•# of Beds

•# of Baths

•Original List Price

•Final Sold Price

•Final Sold Price per Square Foot

•# Days on Market

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Here is a brief look.

City	Subdivision	Approx Living Area	SP$/SqFt
Mandeville	Town of Mandeville	1760	32
MANDEVILLE	OLD GOLDEN SHORES	2071	59
Mandeville	Beau Chene	3201	70
Mandeville	Beau Chene	3613	92
Mandeville	Old Mandeville	2366	95
MANDEVILLE	GREENLEAVES LOIRE	2157	96
Mandeville	Hunters Glen	3562	96
MANDEVILLE	FOREST BROOK	1925	99
Mandeville	Rosedown	4504	100
MADISONVILLE	INDIAN TRACE	1800	101
Mandeville	Colonial Village	1950	102
Mandeville	Greenleaves	2946	102
MANDEVILLE	QUAIL CREEK	2116	103
Mandeville	999	3329	103
Madisonville	Black River Forest	3100	108
MANDEVILLE	ROSEDOWN	2550	109
MANDEVILLE	WOODRIDGE	1617	110
MANDEVILLE	GRANDE MAISON	3171	110
MANDEVILLE	BEAU RIVAGE	2518	111
Mandeville	Beau Chene	5347	111
COVINGTON	FAIRWAY GARDENS	1377	112
MANDEVILLE	CHINCHUBA	1541	112
MANDEVILLE	TALL TIMBERS	1670	112
COVINGTON	DOVE PARK	2018	113
Mandeville	Greenleaves Lakes	3126	113
Mandeville	Beau Chene	2500	115
Mandeville	Rosedown	2623	115
Mandeville	None	1850	116
MANDEVILLE	WESTWOOD	2150	116
MANDEVILLE	DEERFIELD	4507	116
MANDEVILLE	FONTAINBLEAU	2447	117
MANDEVILLE	ROSEDOWN	2759	117
Mandeville	Lakewood Heights	2013	119
COVINGTON	RIVER OAKS	3005	123
MADISONVILLE	FAIRFIELD OAKS	1804	124
MANDEVILLE	BEAU CHENE	3843	125
Mandeville	Forest Brook	1843	126
MANDEVILLE	PENNS CHAPEL PLACE	4540	126
Madisonville	Madison Farm	1912	130
MANDEVILLE	FOREST BROOK ESTATES	2931	131
Covington	Nottoway	3106	136
MANDEVILLE	WOODSTONE	4305	145
Mandeville	The Sanctuary	4478	145

Please contact us if you have any questions or require a more in-depth scope of your homes current market value. marcp@scogginproperties.com

You may also visit

www.StTammanyHomeEvaluation.com.

To fill out a brief questionnaire.

Thank You

Marc

21 N Hummingbird Lane, Tchefuncte Club Estates, Golf Course Lot For Sale

If you have any questions about Tchefuncte Club Estates, ie HOAs, (Homeowner's fees), Golf Course, Club House, Tennis, or... all of the lots in Tchefuncte are oversized, or... Tchefuncte has 460 acres of dedicated greenspace. Whatever information you need about the subdivison, please, just let us know and we will knock it out.

Thank You

Marc

marcp@scogginproperties.com

The LSU Ag Center and Landscaping to Avoid Termites

LSU Extension Service Avoiding Termites

Thank You

Marc