Western Livingston Parish Home Sales 2018 Greater Baton Rouge

Western Livingston Parish Home Sales 2018 Update Within Greater Baton Rouge Louisiana 607 active listings is a good bit of listings considering 1,535 homes have sold in 2018, which equals a 6 month supply which isn’t too high considering mortgage rates are at 5%. GBRMLS search parameters: 1/1/2018 to 11/20/2018 Zip Codes 70726, 70706, 70785, all types Source: GBRAR REALTORS/MLS

Beau Chene Denham Springs Home Sales 2017-2018

Beau Chene Denham Springs Home Sales 2017-2018 Beau Chene Home Sales Trends 2017 to May 11 2018 Thirteen Sales from $135,000 to $158,000 without seller paid concessions removed…see comment below Median Sales Price $140,000 Median Sold Price: $115 per sq ft Median Sales Price After Average Seller Paid Concession Of $3816 Is Deducted: $136,184 Median Sales Price Per Sq Ft After Average Seller Paid Concession Of $3816 Is Deducted: $113 Average Sold Price: $141,892 Average Sold Price: $114 per sq ft Average Sales Price After Average Seller Paid Concession of $3816 Is Deducted: $138,076 Average Sales Price Per Sq Ft Continue reading Beau Chene Denham Springs Home Sales 2017-2018

Do Homes in Watson Louisiana 70706 Have Higher Values Than Denham Springs 70726?

Do Homes in Watson 70706 Have Higher Values Than Denham Springs 70726? I’m working on a pre-listing appraisal off Dunn Road of a home on 1 acre and there’s some good comps both in 70726 and 70706. Is there a provable supportable location adjustment for 70726 vs 70706? The charts help answer the question with an upward or increasing trend line for 70706 vs a flat trend line for 70726. From 1/1/2017 to 2/7/2018 1200sf to 2000sf DSF non-flooded sales stats: 70706: 157 Sales Median Sales Prices $174,900 and $118/sf 70726: 547 Sales Median Sales Prices $168,127 and $110/sf So, Continue reading Do Homes in Watson Louisiana 70706 Have Higher Values Than Denham Springs 70726?

Glenwood Estates Subdivision Denham Springs Flood Update 2017

Glenwood Estates Subdivision Denham Springs Watson Flood Sales Update May 26 2017 Other Western Livingston Parish flood updates can be found here: https://www.denhamspringsappraisers.com/category/flood-study/ Yes, Glenwood Estates Subdivision did flood during the “Great Flood” of August 12-15, 2016, and flooded horribly to a height between 4 to 6 feet I’ve been told by a family from church who live in Glenwood and witnessed aftermath, see flood water level in the photo below with yellow arrow pointing to water height. I didn’t realize just how close Glenwood Estates was to the Amite River until I looked at the aerial maps and witnessed Continue reading Glenwood Estates Subdivision Denham Springs Flood Update 2017

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 Continue reading Otts Cove Subdivision Denham Springs Flood Update 2017

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 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 Continue reading Livingston Parish Home Sales Stats 2013 to 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 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 Continue reading Crestwood Subdivision Waston Denham Springs home sales trends 2016

Acadiana Place Denham Springs Flood 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 Continue reading Acadiana Place Denham Springs Flood Sales 2016