Western Livingston Parish Home Appraiser Bill Cobb recently performed research within South Point Subdivision Denham Springs and discovered these housing trends.
See also chart below where I show just difference in how much lower South Point homes sell for in comparison to Livingston Trace, Westminster Estates and Woodland Crossing. While South Point sells for a median sales price of $88/sf and $145,500, Livingston Trace sells for $91/sf and $164,000, Westminster Estates $90/sf and $171,000 and Woodland Crossing $96/sf and $153,700.
June 2015 to June 2016 South Point Home Sales Trends
48 Sales from $93,000 to $196,500
Median Sales Price $145,500
Median Sold Price Per Sq. Ft.:$88/sf
Average Sold Price: $146,833
Average Sold Price Per Sq. Ft.:$89/sf
Homes Sold From $68/sf to $112/sf
Median SP/LP% 99%
Average SP/LP% 98%
Average Days On Market: 60 Days
Average Home Is 3 Bedrooms, 2 Baths, 1,674sf
The “Average SP/LP% 98%” or Listing To Sales Price Ratio means the average home sold for 2% less than listing price.
by Bill Cobb Appraiser 225-293-1500
https://www.denhamspringsappraisers.com/
Denham Springs Home Appraisers YouTube Channel
Greater Baton Rouge Real Estate Data Note:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 06/01/2015 to 06/01/2016, extracted on 06/01/2016