Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Richmond Place Subdivision and discovered these housing trends.
May 2015 to May 2016 Richmond Place Home Sales Trends
24 Sales from $108,661 to $193,900
Median Sales Price: $157,250
Median Sold Price Per Sq. Ft.: $91/sf
Average Sold Price: $155,978
Average Sold Price Per Sq. Ft.: $89/sf
Homes Sold From $69/sf to $104/sf
Average SP/LP% 97%
Average Days On Market: 80 Days
Average Home In Subdivision Is: 1,767 sq. ft. 3 bedrooms, 2 bathrooms
The “Average SP/LP% 97%” or Listing To Sales Price Ratio means the average home sale sold for 3% less than listing price.
by Bill Cobb Appraiser 225-293-1500
Greater Baton Rouge Real Estate Data Note:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 05/01/2015 to 05/26/2016, extracted on 05/26/2016