South Point Denham Springs Flood Sales Update May 2017

South Point Subdivision Denham Springs Post Flood Home Sales Update as of May 26 2017 South Point is being helped tremendously by the Greater Baton Rouge area’s low inventory of homes for sale. Pre-flood, the larger homes in South Point were selling in the $160s to low $170s and the flooded renovated larger homes are selling in the $180s. Other Western Livingston Parish flood updates can be found here: http://www.denhamspringsappraisers.com/category/flood-study/ Yes, approximately 35 percent of South Point did flood during the “Great Flood” of August 12-15, 2016, see flood water level in the photo below with yellow arrow pointing to Continue reading South Point Denham Springs Flood Sales Update May 2017

Shadow Springs Denham Springs Post Flood Home Sales Update 2017

Shadows Springs Subdivision Denham Springs Home Sales Trends 2015 to May 26 2017 Other Western Livingston Parish flood updates can be found here: http://www.denhamspringsappraisers.com/category/flood-study/ Yes, Shadow Springs Subdivision did flood during the “Great Flood” of August 12-15, 2016, see flood water level in the photo below with blue arrow pointing to water height. Number of Post Flood Sales Has Been 35 Total SalesSince the flood, there’s been 32 GBRMLS home sales within Shadow Springs of flood damaged homes from $45,000 to $70,000. On average, these sold for $36 per square foot and $54,062. Number of Post Flood RENOVATED Homes Sales Continue reading Shadow Springs Denham Springs Post Flood Home Sales Update 2017

The Lakes At Meadowbrook Denham Springs Flood Sales Update Early 2017

This is a home sales update for Denham Springs The Lakes at Meadowbrook located within Plantation Estates 70726 from March 2016 to April 2017   Since March 2016 plus The Lakes At Meadowbrook, there’s been eight (8) Sales from $191,580 to $245,000, Median Sales Price $236,450, Median Sold Price $124/sf, Median LP/SP Ratio 99 percent, Median 4 Days On Market. See the housing charts below. YES, homes in this subdivision did flood in August 2016 and I perform two appraisals in April 2017 for tax purposes. This is the GBRMLS activity within since 09/01/2016 which shows no major declines in Continue reading The Lakes At Meadowbrook Denham Springs Flood Sales Update Early 2017

Livingston Trace Denham Springs Home Sales Update 2017

Bill Cobb Appraiser has released a Livingston Trace Subdivision Denham Springs Home Sales Update 2016-2017, Prices Increasing. Prices broke through $200,000. Of the competing area subdvisions like South Point, Westminster Estates and Woodland Crossing, home prices are highest in Livingston Trace! However, there’s been 18 EIGHTEEN SALES in the past year…why? Why are so many buyers moving out? Richmond Place Home Sales Trends from 04/01/2016 to 04/15/2017 18 Sales from $150,000 to $216,500 Median Sales Price $186,000 Median Sold Price Per Sq. Ft.: $101 per sq. ft. Average Sold Price: $183,566 Average Sold Price Per Sq. Ft.: $99 per sq. Continue reading Livingston Trace Denham Springs Home Sales 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

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 Continue reading Woodland Crossing Denham Springs Home Sales Update 2016

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 Continue reading Juban Parc Denham Springs Home Sales Trends 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 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 Continue reading Evangeline Trace Denham Springs DSLD New Homes Development

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