Did Great Flood Send Denham Springs Livingston Parish Home Prices Lower?

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 of homes or apartments available to rent. This is driving buyers to desparation and some are OVER PAYING for local housing. Of the 15 GBRAR MLS sales so far, 11 have sold on average for $13.45 per sq. ft. MORE than pre-sold prices and 4 have sold on average for $6.25 per sq. ft. LESS than pre-sold subdivision prices. This means so far, 73 percent of sales have been positive and above pre-flood prices. Another example is what’s taking place in Richmond Place Subdivision where home sales prices are UP! Are Watson home values higher after the flood? At least Continue reading Did Great Flood Send Denham Springs Livingston Parish Home Prices Lower?

Livingston Parish Home Sales Stats 2013 to 2016

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 and Manufactured Housing     Have Livingston Parish home sales price DECLINED since the flood? Absolutely as median sales price declined from $165,000 to $156,000 since January 1 2016 because of the $40K to $100K sales prices of flooded-gutted homes. 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 of homes or apartments Continue reading Livingston Parish Home Sales Stats 2013 to 2016

Woodland Crossing Denham Springs Home Sales Update 2016

Denham Springs Home Appraiser Bill Cobb has put together Woodland Crossing Subdivision Denham Springs Livingston Parish Home Sales Update 2016   Woodland Crossing was developed around 2003-2004 by PCC Homes, sold to DR Horton in 2006 after Hurricane Katrina and new filings by DSLD Homes took place into 2014-2015. I’m currently working on a Denham Springs Louisiana Home Appraisal and discovered these market trends. The following is a report on the home sales that took place and the prices paid for these homes. January 1 2016 to February 19 2017 Woodland Crossing Subdivision Home Sales Trends: 88 Sales From $84,810 to $202,000 Median Sales Price $158,000 Average Sold Price Price $157,936 Average Sold Price Price Per Square Foot $96 Average Listing To Sales Price Ratio: 100 percent (homes are selling for 100% of listing prices) Average Days On Market: 44 Days Average Home Size: 1,613sf 3 bedrooms, 2 baths   Current Woodland Crossing Subdivision GBRMLS Listings: 2 Active Listings $155,000 to $204,900 from $90 to $103 per sq. ft. 12 Under Contract Listings Listed From $79,000 to $235,900 from $62 to $127 per sq. ft. Median Active Listing Price $179,950 Median Active Listing Price $96 per sq. ft. Median UnderActive Continue reading Woodland Crossing Denham Springs Home Sales Update 2016

Richmond Place Denham Springs Home Prices Increasing in 2017

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 either. In this example comparing median sales price of $164,000 to current $175,950, that’s an increase of 7.2%. HOWEVER, see the chart below showing in May 2015, median sales prices were at $175,000 meaning this increase into 2017 is a recovering market. Have ALL Watson homes increased 7.2% since 12 months ago? I don’t know as it wouldn’t be a fair comparison to compare non-flooded subdivisions with flooded subdivisions. Only time and recovery will determine where prices go from here…and there’s almost no flooded-repaired sales in MLS to know yet.       Richmond Place Home Sales Trends 27 Sales Continue reading Richmond Place Denham Springs Home Prices Increasing in 2017

Crestwood Subdivision Waston Denham Springs home sales trends 2016

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 Sales Price Ratio means the average home sold for 1% less than listing price.         Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 02/01/2016 to 02/02/2017, extracted on 02/02/2017.

Acadiana Place Subdivision Denham Springs Home Sales 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 Per Sq. Ft.: $118/sf Average Sold Price: $179,000 Average Sold Price Per Sq. Ft.: $116/sf Homes Sold From $88/sf to $135/sf Average SP/LP% 99% Average Days On Market: 9 Days Average Home Is 3 Bedrooms, 2 Baths, 1,538sf The “Average SP/LP% 99%” or Listing To Sales Price Ratio means the average home sold for 1% less than listing price. I lik this modification above, a screened carport to enjoy the yard more. Trying to sell a flooded-renovated home? 225-293-1500   Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 02/01/2016 to 02/02/2017, extracted on 02/02/2017.

Juban Parc Denham Springs Home Sales Trends 2016

Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Juban Parc Subdivision and discovered these housing trends.   2016 Juban Parc Home Sales Trends 20 Sales from $149,900 to $235,000 Median Sales Price $178,923 Average Sold Price: $185,627 Median Sold Price Per Sq. Ft.: $115/sf Average Sold Price Per Sq. Ft.: $115/sf Homes Sold From $109/sf to $120/sf Average SP/LP% 99% Average Days On Market: 54 Days Average Home In Subdivision Is: 1,610 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 99%” or Listing To Sales Price Ratio means the average home sale sold for 1% less than listing price.   by Bill Cobb Appraiser 225-293-1500 http://www.denhamspringsappraisers.com/   Home Appraisers In Denham Springs Walker Watson 225-293-1500 Greater Baton Rouge Real Estate Data Note: Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2016 to 12/24/2016, extracted on 12/24/2016.

Livingston Parish 2016 Home Sales Stats By Subdivision Name

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 hard hit by the Great Flood. And, as the experts have stated, it could take up to two years for flood damaged inventory to be repaired and absorbed back into this market. Livingston Parish 2016 Median Home Solds Prices Chart Source: Based on data used with permission of the Greater Baton Rouge Association of REALTORS / MLS from 11/1/2015 to 11/30/2016, extracted on 12/30/2016. Here’s the list of Livingston Parish subdivisions experiencing home sales in 2016, as provided and defined by Greater Baton Rouge Association of REALTORS, along with the statistics of these sales. Pecan Creek Subdivision Correction: A manual Continue reading Livingston Parish 2016 Home Sales Stats By Subdivision Name

Evangeline Trace Denham Springs DSLD New Homes Development

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 Foot $107/sf Average Listing To Sales Price Ratio: 100% (homes are selling for 100% of listing prices) Average Days On Market: 82 Days Average Home Size: 1,450sf 3 bedrooms, 2 baths Current Evangeline Trace Subdivision GBRMLS Listings: 35 Listings From $143,900 to $182,495 from $103/sf to $113/sf Average Listing Price $165,743 Average Listing Price Price Per Square Foot $105/sf Average Home Listing Has Been On The Market for 103 Days. NOTE: 1 Listing is an Active Listings and 34 Listings are Pending or Under Contract These are basically pre-sold listings input into MLS. Denham Springs Real Estate News: Five Sources Continue reading Evangeline Trace Denham Springs DSLD New Homes Development

Plantation Estates Denham Springs Home Sales 2016

Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Plantation Estates Subdivision and discovered these housing trends.   June 2015 to July 2016 Plantation Estates Home Sales Trends 11 Sales from $216,000 to $370,000 Median Sales Price $233,000 Average Sold Price: $251,945 Median Sold Price Per Sq. Ft.: $100/sf Average Sold Price Per Sq. Ft.: $102/sf Homes Sold From $76/sf to $119/sf Average SP/LP% 98% Average Days On Market: 45 Days Average Home In Subdivision Is: 2,540 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 98%” or Listing To Sales Price Ratio means the average home sale sold for 2% less than listing price.       by Bill Cobb Appraiser 225-293-1500 http://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 07/27/2016, extracted on 07/27/2016.

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