Denham Springs Real Estate News: South Woodcrest 2012 Update

Denham Springs Real Estate News: South Woodcrest 2012 Update

1984 Elmer Street Denham Springs LA 70726 South Woodcrest

 

South Woodcrest experienced three (3) GBRMLS home sales in 2011 but none yet in 2012 Year To Date.

Solds In South Woodcrest from 1/1/2011 to 12/31/2011 revealed:
Average Sales Price: $92,967
Average Sold Price Per Sq. Ft.: $81.40/sf
Median Sold Price: $95,000
Number of Sales: 3

south woodcrest home sales history denham springs

 

On average, these 3 2011 Sales sold for 90.49% of listing price and took 159 days on the market to sell. This was not a sign of strength in this market but an enormous correction from the Post Hurricane Katrina highs of $133,339 in 2007, see chart above.

Current Listings: 3 from $96,000, $118,500 to $164,000 or $91/sf, $80/sf to $75/sf. The $164,000 listing price is far, far above the typical $95,000 sales price in 2011 as this home is both overbuilt and overimproved for South Woodcrest Subdivision.

Report presented by Denham Springs Home Appraisals.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of 01/01/2011 to 05/30/2012. This information was extracted on 05/30/2012.

 

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