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

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

Park Place Subdivision Walker Louisiana Home Sales Update 2016

Bill Cobb Appraiser recently performed a home appraisal in Park Place Subdivision in Walker and discovered these housing trends.     June 2015 to June 2016 Park Place Home Sales Trends 7 Sales from $55,000 to $182,000 Median Sales Price $139,900 Average Sold Price: $132,900 Median Sold Price Per Sq. Ft.: $104/sf Average Sold Price Per Sq. Ft.: $95/sf Homes Sold From $46/sf to $107/sf Average SP/LP% 100% Average Days On Market: 100 Days Average Home In Subdivision Is: 1,391 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 100%” or Listing To Sales Price Ratio means the average home sale sold for listing price, no discount.       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 06/12/2016, extracted on 06/12/2016

Ball Park Subdivision Walker Louisiana Home Sales Update 2016

Bill Cobb Appraiser recently performed a Walker home appraisal in Ball Park Road Subdivision and discovered these housing trends.   January 2014 to June 2016 Ball Park Road Home Sales Trends 3 Sales from $120,900 to $125,000 Median Sales Price $122,500 Average Sold Price: $122,800 Median Sold Price Per Sq. Ft.: $94/sf Average Sold Price Per Sq. Ft.: $95/sf Homes Sold From $93/sf to $99/sf Average SP/LP% 99% Average Days On Market: 74 Days Average Home In Subdivision Is: 1,288 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/ 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 01/01/2014 to 06/29/2016, extracted on 06/29/2016

Madison Oaks Subdivision Walker Louisiana Home Sales Update 2016

Bill Cobb Appraiser recently performed a home appraisal in Madison Oaks Subdivision in Walker and discovered these housing trends.   June 2015 to June 2016 Madison Oaks Home Sales Trends 4 Sales from $159,900 to $225,000 Median Sales Price $166,600 Median Sold Price Per Sq. Ft.:$104/sf Average Sold Price: $179,525 Average Sold Price Per Sq. Ft.:$106/sf Homes Sold From $100/sf to $116/sf Average SP/LP% 100% Average Days On Market: 94 Days Average Home In Subdivision Is: 1,682 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 100%” or Listing To Sales Price Ratio means the average home sale sold for 100% of the listing price, no discount.       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 06/02/2016, extracted on 06/02/2016

Walker Louisiana Townhomes Settlers Rowe Sales Trends 2016

Bill Cobb Appraiser reports on Walker Louisiana Townhomes Settlers Rowe Sales Trends 2016   June 2015 to June 2016 Settlers Rowe Townomes Home Sales Trends4 Sales from $126,000 to $130,500 Median Sales Price $129,900 Median Sold Price Per Sq. Ft.:$95/sf Average Sold Price: $129,075 Average Sold Price Per Sq. Ft.:$97/sf Homes Sold From $95/sf to $107/sf Average SP/LP% 98% Median SP/LP% 98% Median Days On Market: 43 Days Average Days On Market: 80 Days Average Home Is 2 Bedrooms, 2 Baths, 1,328sf The “Average SP/LP% 98%” or Listing To Sales Price Ratio means the average home sold for 2% less than listing price.     by Bill Cobb Appraiser 225-293-1500http://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 06/28/2016, extracted on 06/28/2016

The Meadows Subdivision Walker Louisiana Home Sales Update 2016

Walker Louisiana House Appraiser Bill Cobb recently performed a home appraisal in The Meadows Subdivision and discovered these trends of home sales.   June 2015 to June 2016 The Meadows Subdivision in Walker Home Sales Trends 9 Sales from $105,525 to $159,900 Median Sales Price $145,700 Median Sold Price Per Sq. Ft.:$109/sf Average Sold Price: $142,558 Average Sold Price Per Sq. Ft.:$104/sf Homes Sold From $82/sf to $112/sf Median SP/LP% 98% Median Days On Market: 41 Days Average Home Is 3 Bedrooms, 2 Baths, 1,334sf The “Median SP/LP% 98%” or Listing To Sales Price Ratio means the average home 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 06/01/2016, extracted on 06/01/2016

The Lakes At Fennwood Home Sales Update 2016

Walker Louisiana Home Appraiser Bill Cobb recently performed a Walker La home appraisal in The Lakes At Fennwood Subdivision and discovered these homes sales trends.   June 2015 to June 2016 Lakes at Fennwood Home Sales Trends Nine (9) Sales from $170,000 to $228,000 Median Sales Price $205,000 Median Sold Price Per Sq. Ft.:$115/sf Average Sold Price: $197,777 Average Sold Price Per Sq. Ft.:$112/sf Homes Sold From $104/sf to $120/sf Average SP/LP% 97% Average Days On Market: 76 Days Average Home Is 3 Bedrooms, 2 Baths, 1,759sf The “Average SP/LP% 97%” or Listing To Sales Price Ratio means the average home sold for 3% less than listing price.   by Bill Cobb Appraiser 225-293-1500http://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 06/28/2016, extracted on 06/28/2016

Hidden Ridge Walker Louisiana Home Sales Trends 2015-2016

Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Hidden ridge Subdivision in Walker Louisiana and discovered these housing trends.   June 2015 to June 3, 2016 Hidden Ridge Home Sales Trends Six Sales from $147,500 to $175,000 Median Sales Price $155,500 Average Sold Price: $158,066 Median Sold Price Per Sq. Ft.: $108/sf Average Sold Price Per Sq. Ft.: $109/sf Homes Sold From $97/sf to $115/sf Average SP/LP%: 98% Average Days On Market: 65 Days Average Home In Subdivision Is: 1,488 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 06/03/2016, extracted on 06/03/2016

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