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 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
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
Denham Springs Home Appraiser Lakeside Estates Video Livingston 2012-2013 Lakeside Esates: 15 Sales Median $155K Avg Sold Price $102/sf Avg LP/SP Ratio 100% Avg Days On Market: 161 GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2012 to 04/13/2013. This information was extracted on 04/13/2013.
Denham Springs Home Appraisers Analyzes 2012 Home Sales Numbers Denham Springs Home Appraisers are reporting that Livingston Parish home sales recorded a 13.8% or 14% rounded increase from 1,111 sales in 2011 to 1,264 sales in 2012. Also, the 1,264 sales in 2012 was the highest sales number in the five years of search. 2008 LIV 1195 2009 LIV 1237 2010 LIV 1118 2011 LIV 1111 2012 LIV 1264 Denham Springs Home Appraisers GBRAR MLS NOTE: Based on info from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2008 to 12/31/2012. This information was extracted on 01/22/2013. Tags: denham springs, denham springs home for sale, denham springs realtor, denham springs realtors, denham springs real estate, denham springs real estate agents, denham springs realtor homes, denham springs homes realtor, western livingston parish, livingston parish, denham springs housing, denham springs homes search, watson la, watson la homes, watson la housing, walker la, walker la housing, walker la homes
http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Appraisers: Livingston Parish Housing Update Video 2012. Jeff Taylor Livingston Parish Tax Assessor Talks About 2011 Real Estate Roll
http://www.denhamspringsrealestateminute.com/ – Greater Baton Rouge Housing Update For Week of April 22, 2011 (From April 16-22, 2011). This report covers the primary four (4) Parishes that make up Greater Baton Rouge Real Estate. ASCENSION PARISH SOLDS: 5 from $67,000 to $229,900, Average Sales Prices $168,180 or $99.98/sf, Median Sales Price $185,000, Average Days On Market 41. LISTINGS: Currently Actives Total: 744 $234,268 Average Listing Price and Median Price $198,200. Currently Pending: 246 $194,128 Average Listing Price and Median Price $174,975. New Listings: 40 With Average Listing Price of $195,992, Median Listing Price of $169,900 Pending Listings: 39 With Average Listing Price of $202,851, Median Listing Price of $189,000 Withdrawn Listings: 13 With Average Listing Price of $259,753, Median Listing Price of $224,900 Expired Listings: 7 With Average Listing Price of $155,673, Median Listing Price of $129,000 EAST BATON ROUGE PARISH SOLDS:42 from $21,900 to $575,000, Average Sales Prices $222,343 or $102.28/sf, Median Sales Price $187,000, Average Days On Market 123. LISTINGS:Currently Actives Total: 2695 $247,876 Average Listing Price and Median Price $176,900. Currently Pending: 613 $209,906 Average Listing Price and Median Price $167,900. New Listings: 133 With Average Listing Price of $220,158, Median Listing Price of $175,000 Pending Continue reading Livingston Parish Denham Springs Housing Update For Week of April 22, 2011
http://www.denhamspringsappraisers.com/ – Western Livingston Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Results Accurate Valuations Group (Home Appraisals) has completed an analysis of the Western Livingston Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below. 70726. For Zip Code 70726, home sales volume was down 24%, Average Sales Price was up 3% and Average Sold Price Per. Sq. Ft. was down 9%. 70706. For Zip Code 70706, home sales volume was up 30%, Average Sales Price was down 8% and Average Sold Price Per. Sq. Ft. was down 12%. 70785. For Zip Code 70785, home sales volume was up 47%, Average Sales Price didn’t change and Average Sold Price Per. Sq. Ft. was down 3%. 70754. For Zip Code 70754, home sales volume was down 37%, Average Sales Price was up 18% and Average Sold Price Per. Sq. Ft. was up 7%. Visit Denham Springs Real Estate Minute Here Visit Denham Springs Real Estate Buzz On Facebook Author’s Bio: Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with Continue reading Livingston Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Report
http://www.homeappraisalsbatonrouge.com/ – Greater Baton Rouge Housing Trends For January 2011 Residential Sales Update! Ok, we know from the recent LREC release that in all of 2010, the number of home sale was down -7.3%. Total home sales volume was down -5.2%. And, that the “Average Sales Price”, which I am not a fan of reporting on, rose 2.3% from $197,587 in 2009 to $202,138 in 2010. To find out why I’m not a fan of using Average Sales Price, see this explanation under “AVERAGE SALES PRICE IS NOT INDICATOR WHAT WE SHOULD BE RELYING ON! . WHAT INDICATIONS CAN WE DRAW FROM JANUARY 2011 NUMBERS? So, with 2010 being a down year for the number of home sales, how did January 2011 perform to give us an indication of what 2011 might result in? On Facebook in 2011, there’s been a lot of positive comments from local Agents about the uptick in Agent showings and buyer interest. Is that translating into actual increase in the number of home sales? Number Of Home Sales Down 9%. January home sales were down 9% from 2010 with 328 total sales recorded for the first month of the year versus 360 for January 2010. Continue reading Greater Baton Rouge Housing Trends For January 2011 Residential Sales Update
http://www.denhamspringsappraisers.com/ – Must The Garbage Disposal Work For A Denham Springs FHA Home Loan? As a State Certified Home Appraiser in Louisiana and FHA/HUD approved appraiser since 1996, I can validate that FHA Home Loans have strict requirements of operational mechanical systems placed upon the home appraiser to inspect and verify. While home appraisers aren’t necessarily “home inspectors”, FHA home appraisers are required to verify that mechanical systems are functioning properly and that they would appear to have a reasonable life left. HUD or FHA Home Appraisers are expected to be well versed on 2 major manual plus keeping up the “Mortgagee Letters” that offer amendments and updates to HUD policy. In fact, the statement many lenders want placed in reports is, “Condition: Overall Condition is: Average. No major repairs or functional inadequacies. MEETS FHA/RD MINIMUM STANDARDS for existing dwellings as outlined in HUD Handbooks 4150.2 and 4905.1 Requirements and all applicable Mortgage Letters). SFR Dwelling was determined to be decent, safe and sanitary. Subject is connected to public or community sewer. Mechanical Systems were on and operational. Attic was inspected and appears to individually meet FHA requirements.” No, the lenders don’t tell us to use “Average” but to state Continue reading Must The Garbage Disposal Work For A Denham Springs FHA Home Loan?