Otts Cove Subdivision Denham Springs Flood Update 2017

Otts Cove Subdivision Denham Springs Watson Home Sales Trends 2014 to 2017

Seller Paid Concessions Mean The Numbers On Chart Are Misleading…
The latest 2016 sales show median sales price of $155,500 and $109 per square foot. However, these are misleading numbers because seller paid concessions were $2,000, $5,500, $7,920, $0 and $0. On average, sellers received $3100 less than sales price because they had to pay buyers to buy their homes. In other words, they had to on average pay $3,100 in buyers closing cost, meaning the median sales price is actually $151,900 and $108 per square foot. This is reality because Home Appraisers do deduct seller paid concessions from sales prices when we use these sales as comparable sales. Homes generally sold for 99 percent of listing price.

No 2017 home sales yet.





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