Home Sellers And Buyers Lose Money or Pay Too Much Without Pre-Listing or Pre-Purchase Appraisal

Watson Denham Springs 2012 Home Sales Report


Watson Denham Springs 2012 Home Sales Report 

 

 

Denham Springs Marketing Conditions
These are some Wood Acres housing market statistics from Denham Springs Zip Code 70726 on a 1,370sf 30 year old home in Wood Acres. Some of the stats in this paragraphy were pulled from 1200sf up to 1650sf. Very Slow Sales Market In Past 6 Months of Competing Properties. Stable Median Sales Price. 12 Month Supply. 4 Competing Listings Isn’t An Oversupply. 98% List-To-Sales Price Ratio. 2012-2013 Wood Acres Subdivision: 3 Home Sales $145,500, $159,000, $200,000, Median $159K, Avg Sold Price $100/sf, Avg LP/SP Ratio 98%, Averaging 90 Days On The Market.

Future New Homes In Wood Acres.
I did note two (2) vacant lot sales in Wood Acres in 2012, which may be

Wood Accres Subdivision Denham Springs Home Sales from 01/01/2012 to 03/08/2013 reveal:

Average Sold Price Per Sq. Ft.: $100/sf
Median Sold Price: $159,000
Average Sales Price: $168,167
Number of Sales: 3
Average Days On Market: 90
Number of Sold REO/Foreclosures Noted In MLS: 0
Number of Short Sales: 0
Low To High Sales Prices: $145,500 up to $200,000
Sold Price Per Sq. Ft. $89/sf to $109/sf

The $109/sf was for a new 1,455sf home.

The latest sale was 25 year old 8121 Live Oak Street for $145,500 in 02/2013 for $89.21/sf for 1,631sf.

CURRENT GBRMLS Wood Acres LISITNGS:
2 Total Listing
2 Active Listings Listed At $129,900 or $77.15/sf and $169,900 or $79/sf.
The 8091 Live Oak Street listing at $129,900 for 1,775sf is a home I’ve appraised before and know it has a dated interior condition.

 

 

Denham Springs Home Appraiser, Bill Cobb, Blogs about the Western Livingston Parish Housing Market.


 

Greater Baton Rouge Association of REALTORS® NOTE:
Based on info from the Greater Baton Rouge Association of REALTORS® MLS for the period of 01/01/2012 to 03/08/2013. This information was extracted on 03/08/2013.

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