Did Great Flood Send Denham Springs Livingston Parish Home Prices Lower? Absolutely…initially! As median sales price chart below illustrates, prices have declined from $165,000 to $156,000 since January 1 2016 because of the $25,000 to $125,000 sales prices of flooded damaged homes. However…see below HOWEVER, sales prices of flooded-renovated Western Livingston Parish homes would blow your mind. It’s as if today’s post-flood home buyers don’t have any context as to what homes were worth pre-flood…and some of the problems inside subdivisions like Shadow Springs. This is in part due to low inventory, not enough homes available to purchase, and lack Continue reading Did Great Flood Send Denham Springs Livingston Parish Home Prices Lower?
Livingston Parish Home Sales Stats 2013 to 2016 and have Livingston Parish home sales price DECLINED since the flood? Prepare for home price spikes! From 2013 to 2016, Livingstonge home sales have generally increased from 1498 in 2013 to 1947 in 2016 or 30%. The median days on market or time it takes to sell a home has declined from 54 days to 31 days. And, after the flood, flooded-renovated homes are generally selling in under 10 days. Sold price per square foot has risen from $97 in 2013 to $106 in 2016. Includes Detached Single Family, Attached Single Family Continue reading Livingston Parish Home Sales Stats 2013 to 2016
Bill Cobb Appraiser has released a Richmond Place Subdivision Denham Springs Watson Home Sales Update 2016-2017, Prices Increasing in 2017 Are Watson home values higher after the flood? At least in Richmond Place where it did not flood and those subdivisions competing with Richmond Place style and quality homes, they are higher. With low inventory, the 1998sf Evangeline Meridian PCC plan is listed at $189,900 with 2 pendings. There’s sort of this debate on Facebook about whether home prices are up post flood. To some extent they are, but this isn’t the same run up as the post Katrina market Continue reading Richmond Place Denham Springs Home Prices Increasing in 2017
Crestwood Subdivision home sales trends are listed below as a result of Livingston Parish home sales research. As far as I know, Crestwood did not flood during the Great Flood of August 2016. Crestwood February 2016 to February 2017 Home Sales Trends 12 Sales from $110,000 to $156,000 Median Sales Price $138,500 Median Sold Price Per Sq. Ft.: $115/sf Average Sold Price: $135,975 Average Sold Price Per Sq. Ft.: $111/sf Homes Sold From $85/sf to $120/sf Average SP/LP% 99% Average Days On Market: 35 Days Average Home Is 3 Bedrooms, 2 Baths, 1,227sf The “Average SP/LP% 99%” or Listing To Continue reading Crestwood Subdivision Waston Denham Springs home sales trends 2016
Denham Spring’s Watson’s Acadiana Place Subdivision home sales trends are listed below as a result of flooded home sales research. Yes, Acadiana Place experienced flooding during the August 2016 “Great Flood” and has recovered to some extent. I expect Acadiana Place to make a full recovery and home sales prices to be perhaps higher than pre-flood as long as FEMA does not drastically raise flood insurance premiums. These numbers below primarily took place before the flood. Acadiana Place February 2016 to February 2017 Home Sales Trends 7 Sales from $130,000 to $211,000 Median Sales Price $181,000 Median Sold Price Continue reading Acadiana Place Denham Springs Flood Sales 2016
Livingston Parish 2016 Home Sales Stats By Subdivision Name, A Suburb of Baton Rouge. Study includes all residential sales for all types of single family properies in 2016. Study by Bill Cobb Appraiser 225-293-1500 and http://www.denhamspringsappraisers.com Overall in 2016, Livingston Parish real estate experienced a good year with lower inventory forcing increasing prices…until the Great Flood, see chart below. In November 2015, the median sales price was $163,000 which peaked in August at $184,000 only the slide down to $155,000 in November 2016. I believe this correction in home prices could last longer than surrounding Parishes because Livingston was so Continue reading Livingston Parish 2016 Home Sales Stats By Subdivision Name
Evangeline Trace Subdivision DSLD Homes in Denham Springs Livingston Parish Home Sales Update as of October 23 2016 I’m working on a Denham Springs Louisiana Home Appraisal on a new DSLD Homes, LLC Brightwater III A plan 1564 sq. ft. in Evaneline Trace Subdivision. This is Western Livingston Parish Real Estate market research. The following is a report on the home sales that took place and the prices paid for these homes. 2016 Year To Date Evangeline Trace Subdivision: 10 Sales From $142,900 to $169,170 Median Sales Price $155,512 Average Sold Price Price $154,337 Average Sold Price Price Per Square Continue reading Evangeline Trace Denham Springs DSLD New Homes Development
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 Continue reading Richmond Place Subdivision Denham Springs Louisiana Home Sales Update 2016
Settlers Rowe Townhomes Walker Louisiana Sales Trends 70785 2014 to 2015 Settles Rowe Town House Sales Trends Six Sales from $123,700 to $132,000 Median Sales Price $126,000 Average Sold Price: $127,200 Average Sold Price:$99/sf Homes Sold From $94/sf to $104/sf Average SP/LP% 98% Average Days On Market: 145 Days Average Home Size: 1,289sf The “Average SP/LP% 98%” or Listing To Sales Price Ratio means the average home sale sold for 2% less than listing price. Current Settlers Rowe Town Home Listing There’s 1 current active listing for $129,900 of a 1374sf unit that’s been on the market already for 159 Continue reading Settlers Rowe Townhomes Walker Louisiana Sales Trends 70785
Will Waton Gravel Pit Lower Oak Hills Subdivision Denham Springs Home Values? Will Oak Hills Subdivision Watson Denham Springs 70706 home values decline because of this proposed gravel pit? “Only time and future home sales can answer this question and it’s far too early to make a judgment.” – Bill Cobb, Greater Baton Rouge’s Home Appraiser NOTE: I’ve received questions from 1 Oak Hills homeowners and 2 local REALTORS® about this situation. This is not the first time I’ve shared thoughts on this topic both privately or publicly. The first time was just after announcement July 22 when a concerned Continue reading Will Waton Gravel Pit Lower Oak Hills Subdivision Denham Springs Home Values?