Shreveport Market Analysis – January to June 2009

As the data below show, the Shreveport real estate market is holding steady at a 6 month supply of homes for sale.  Generally, a six month supply of homes means a balanced market.  A supply higher than this makes for a buyers’ market which is what we’ve been experiencing for the last year or so.  We seem to have come out of this market and are now well within the 6-month level.

So, while inventory has continued to rise, the number of homes sold has been keeping up to keep us in balance.  Home prices aren’t going down, which is good news for all Shreveport home sellers.  There has been a slow but steady increase in the average home price over the last four months.  More good news for the Shreveport/Bossier area.

2009 Jan Feb Mar Apr May Jun
Active Listings on MLS: 1790 1850 1878 1910 1910 1949
Homes Sold: 206 265 290 310 304 372
Avg Homes Sold per Month: 17.17 22.08 18.78 25.83 25.33 31
Months Supply on Mkt: 8.69 6.98 6.48 6.16 6.28 5.24
Average List Price: $145,541 $169,970 $153,021 $158,895 $170,458 $177,472
Average Sales Price: $138,490 $164,760 $148,548 $153,595 $164,782 $172,648
Average List to Sales Price: 95% 97% 97% 97% 97% 97%

Considering what’s happening in other areas of the country, now is a good time to buy and sell in Shreveport!

June 2009 Southeast Shreveport Home Sales

June 2009 Data

This monthly feature shows the home listing and selling prices for the major neighborhoods in Southeast Shreveport. These neighborhoods are found in the Zone 6 real estate listings in The Shreveport Times.

Neighborhood
Home Prices
June 2009
Homes for Sale Avg Active List Price Homes Pending Avg Pending List Price Homes Sold Avg Sale Price Avg Days on Mkt
Acadiana Place
Twelve Oaks
13 $309,711 2 $287,250 4 $300,375 61
Emberwood/Ellerbe Rd Estates 3 $262,300 2 $209,500 4 $213 100
Long Lake Estates 9 $526,666 1 $479,900 3 $525,666 55
Norris Ferry Crossing 12 $208,000 4 $205,350 2 $202,500 74
Norris Ferry Landing/Hidden Trace 9 $268,511 3 $249,466 5 $244,200 78
Provenance 10 $319,483 0 $– 2 $358,995 324
Saint Charles Place 3 $341,333 3 $301,966 2 $357,000 32
Southern Trace 16 $657,821 3 $572,000 2 $374,000 72

MLS Data
These figures come from the Northwest Louisiana Assocation of REALTORS MLS and are deemed reliable but not guaranteed.

The data in the table are for single family homes which includes patio homes. In the case of Provenance, it also includes townhomes.  Homes for Sale is the total number of houses currently for sale in that neighborhood. Homes Pending are houses that are under contract. Homes Sold are homes that have been under contract and actually closed during the month.

2010 US Census Prime Time for Scammers

With the 2010 US Census getting revved up, you might want to read the information below to protect yourself from unscrupulous people wanting to get your personal information.  And if you have children at home during the summer, remind them what your rules are about opening the door to strangers or giving personal information over the phone.

Heather

For years, the Better Business Bureau (BBB) has educated consumers about not giving out personal information over the telephone or to anyone who shows up at their front door. With the US Census process beginning, the BBB advises people to be cooperative but cautious so as not to become a victim of fraud or identity theft.

The first phase of the 2010 US Census is under way, as workers have begun verifying addresses of households across the country. Eventually, more than 140,000 confidentialUS Census workers will count every person in the United States and will gather information about every person living at each address, including name, age, gender, race and other relevant data.  “Most people are rightfully cautious and won’t give out personal information to unsolicited phone callers or visitors; however, the census is an exception to the rule,” said Andy Fisher, BBB Shreveport. “Unfortunately, scammers know that the public is more willing to share personal data when taking part in the census, and they have an opportunity to ply their trade by posing as a government employee and soliciting sensitive financial information.”

The census data will be used to allocate more than $300 billion in federal funds every year as well as determine a state’s number of congressional representatives. Households are actually required by law to respond to the Census Bureau’s request for information. During the US. Census, households will be contacted by mail, telephone or visited by a US Census worker who will inquire ” about the number of people living in the house. Unfortunately, people may also be contacted by scammers, who impersonate census workers to get access to banking and financial information.

Law enforcement in several states have issued warnings that scammers are already posing as Census Bureau employees and knocking on doors asking for donations and Social Security numbers. The big question is, how do you tell the difference between a US Census worker and a con artist? The BBB offers the following advice: If a US Census worker knocks on your door, he will have a badge, a handheld device, a Census Bureau canvas bag and a confidentiality notice. Ask to see his identification and badge before answering his questions. However, you should never invite anyone you don’t know into your home.

Census workers are currently only knocking on doors to verify address information. Do not give your Social Security number, credit card or banking information to anyone, even if they claim they need it for the US Census. Census workers will not ask for banking and financial information, nor will they solicit donations.

Eventually, census workers may contact you by phone, mail or in-person at home. However, they will not contact you by email, so be on the lookout for email scams impersonating the census. Never click on a link or open any attachments in an email that is supposedly from the US Census Bureau. For more advice on avoiding identity theft and fraud, visit the Better Business Bureau.

Permission to reprint by: “The Forum Newsweekly” Article taken from June 3, 2009 issue, page 10

313 Montrose in The Village at Tiburon, Bossier City – Just Listed

313 Montrose

The Village at Tiburon

Bossier City, Louisiana

313 Montrose, Village at Tiburon, Bossier City

The Village at Tiburon is hopping!  I listed 217 Ixworth in this north Bossier gated neighborhood a week ago Friday, and now have listed this gorgeous home at 313 Montrose.

At 1824 square feet, this home has a spacious feel which includes separate dining and breakfast areas overlooking the living area, all of which have hardwood floors.  Arched openings and columns between the living area, entry, and dining room give the home a sense of luxury.

There are 3 bedrooms and 2 baths. Both the master bath and hall bath have double sinks in the vanities.  The generous-sized master bathroom has a whirpool tub and separate shower.

The kitchen separates the master suite from the rest of the home and has lots of counterspace topped by granite tile.  Ther is not only a breakfast area, but a breakfast bar as well.  Counting the dining room, this home has plenty of space for entertaining.

Being located on a cul-de-sac results in no through traffic.  That along with the large front and back yards makes it an ideal place for those who enjoy being outdoors with family and friends.

The asking price, $235,000, is on par with other homes in the neighborhood, but this is one of only a few this large. Enjoy the photos:

313 Montrose, The Village at Tiburon, Bossier City

 

313 Montrose, The Village at Tiburon, Bossier City

 

313 Montrose, The Village at Tiburon, Bossier City313 Montrose, The Village at Tiburon, Bossier City

217 Ixworth in The Village at Tiburon, Bossier City – Just Listed

 217 Ixworth Avenue

The Village at Tiburon

Bossier City, Louisiana

 

217 Ixworth, Bossier City, LA 71111 exterior

I just listed this home in the new north Bossier gated neighborhood, The Village at Tiburon. It’s located just north of I-220 off Swan Lake Road.

The home, which was built in 2007 by Hunter Black looks like new. It has been gently lived in and has upgrades not found in other homes in the neighborhood.

There are 3 bedrooms, the master with a tray ceiling, and another bedroom with a vaulted ceiling. Plantation shutters grace all the windows. Both the master bath and hall bath have double sinks in the vanities. Of course, the master bathroom has a whirpool tub and separate shower.

Ten foot ceilings give the living area a spacious feeling while the gas start fireplace keeps things cozy. The entry, living, laundry, halls, bathrooms and kitchen have tiled flooring. Each bedroom has like-new carpet.

The kitchen is perhaps the masterpiece of this home with dark stained cabinets, granite counters, tumbled tile backsplash, and a granite topped island. The island and breakfast bar have pendant lighting. There is also a spacious breakfast area overlooking the backyard.

The asking price, $210,000, is one of the best in the neighborhood.  Enjoy the photos:

217 Ixworth Ave., Bossier City, Louisiana

 

217 Ixworth Ave., Bossier City, LA 71111 Breakfast Area

 

217 Ixworth Ave., Bossier City, LA 71111 Living Area

 

217 Ixworth Ave., Bossier City, LA 71111 Living Area

 

217 Ixworth Ave., Bossier City, LA 71111 Master Bedroom