Denham Springs Real Estate Appraisers
Denham Springs House Appraisers: Rolling Meadow 2011 Update
May 28, 2011 | 
Author http://www.denhamspringsrealestateminute.com/ – Denham Springs House Appraisers: Rolling Meadow 2011 Update.
Since the Federal Tax Credit Expiration in May 2010, the number of home sales in Greater Baton Rouge has continued to decline. This is also the case with the Denham Springs market as well as in Rolling Meadow Subdivision, with only 2 home sale2 in the first 5 months of 2011 (as of 5/28/2011).
Entrance
Homes In Rolling Meadow Subdivision
A Pat Wattam Listing @ 24537 Fairweather Drive
A Tracy Wempren Listing @ 12237 Bell Meadow
A Foreclosure @ 12270 Bell Meadow
A Darren James Listing @ 12203 Sundown Drive
HIGHLY MOTIVATED SELLER Based on $122,500 Listing Price
Juban Parc Junior High School Adjacent To Rolling Meadow Subdivsion
A recent analysis of Rolling Meadow Subdivision revealed this interesting finding. From 2008 to 2011, the median sales price has continued to remained in flux. From 2008 to 2011, the median sales prices have varied from $155,750, $157,500, $139,900 and in 2011 it’s currently $161,450 BUT based only on 2 sales at $109/sf average. However, one of the 2011 sales was extremely high, $173,000 for only 1,487sf located with lake view, newer roof, several extras plus $4,000 in seller paid concessions. So, this 1 sale does skew the numbers upward a bit. The other 2011 sale was a more normal $149,900 for $1,483sf or $101/sf and was not a distressed sale. The Chart Below presents a history of sales.
CURRENT LISTINGS. There are 5 current listings from $122,500 to $168,900 with ALL 5 active, none pending. The Average Listing Price per sq. ft. is $104.27/sf.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 28, 2011. This information was extracted on 5/28/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
ABOUT DENHAM SPRINGS LOUISIANA HOME APPRAISERS:
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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Denham Springs Home Appraisers: Plantation Park Update 2011
http://www.denhamspringsappraisers.com/ - Denham Springs Housing Trends: Plantation Park Update 2011: Increasing, Declining or Remaining Steady? Since the Federal Tax Credit Expiration in May 2010, the number of home sales has declined considerably. And, the number of foreclosures has also increased. With fewer sales and more foreclosures, this increases the percentage of the number of sales as foreclosures.
This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision.
A recent home appraisal in and analysis of Plantation Park revealed this interesting finding. From 2009 through 2011 Year-To-Date, the median sales price declined from $110,000 to $95,500 to $82,125 based on 2 sales into 2011. Again, this is only based on 2 sales in the first 4.5 months of 2011. However, in 2009 and 2010, there were 9 total sales in each year. With only two (2) sales into 2011, it appears home sales are slowing.
FORECLOSURES. One statement I made in my report was this, “YES, REOs are a factor in this market as Plantation Park Subdivision has a history of REO Activity. According to GBRMLS, there have been “4″ REOs in Plantation Park since 1/2010. AND, there are 4 REOs currently listed in there.”
THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Stair Step Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction! And, so does the chart below it showing a major correction.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to May 18, 2011. This information was extracted on 5/18/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Denham Springs Listings: Livingston Trace Subdivision 2011 Report
http://www.denhamspringsappraisers.com/ – Denham Springs Listings Services: Livingston Trace Subdivision 2011 Report. Accurate Valuations Group East recently completed a home appraisal in Livingston Trace and found these interesting housing numbers.
Livingston Trace is a local DR Horton development that has a history of the homes selling predominantly higher in price than some other competing developments, such as South Point, Woodland Crossing and Westminister Estates. It appears to be a newer and much smaller development with one entrance and the development and homes are well maintained.
2011 Shows Some Strength and Some Weakness!
A recent home appraisal in and analysis of Livingston Trace Subdivision revealed thes interesting findings.
2011. In 2011, there haven’t been any GBRMLS home sales reported. There are 10 active MLS listings and 3 FSBOBR.com listings for a total of 13 listings. The 10 MLS listings are from $145,000 up to $175,900. THIS IS VERY IMPORTANT. Of the 10 Listings, 6 have an Average Active Listing Price of $157,017 or $100.48/sf while 4 have an Average Pending Price of $165,450 or $87.31/sf. The 3 FSBOBR.com listings are listed from $145,000, $175,000 and $195,000. Remember that above we stated the four pendings average $87.31/sf? Well, the Average Sold Price in 2010 was $93.57/sf. $93.57/sf minus $87.31/sf is a decline of -$6.26/sf. We don’t know
2010. The MLS Chart below shows no 2011 sales and 6 2010 sales with a Median Sales Price of $176,200. However, the last MLS sale in 2010 took place on 5/28/2010, almost 1 year ago. With 13 total listings in 5/2011 and only 4 of them pending, it’s safe to assume that prices have declined as demand for housing has decreased. See the SMART chart below for proof of these statements.
The SMART MLS Analysis of the “Sub-Market” or those homes in MLS comparable to a 1,998sf comparable home did show a -7.6% DECLINE since May 2010, which is somewhat contradicatory to the above MLS trends chart. This decline is due to some foreclosures taking place in the comparable South Point, Woodland Crossing, Westminister Place and Forest Ridge Subdivisions. It will be interesting to see at what prices these four pending homes sell for in Livingston Trace. The current Listing-To-Sales-Price-Ratio in this study was 96%, down from 100% and 99% in months past.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to May 5, 2011. This information was extracted on 5/5/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!
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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Livingston Parish Denham Springs Housing Update For Week of April 22, 2011
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 Listings: 102 With Average Listing Price of $203,939, Median Listing Price of $169,450
Withdrawn Listings: 18 Average Listing Price $184,066, Median Listing Price of $142,500
Expired Listings: 23 With Average Listing Price of $468,832, Median Listing Price of $214,900
WESTERN LIVINGSTON PARISH
SOLDS:
19 from $22,500 to $448,000, Average Sales Prices $124,242 or $74.59/sf, Median Sales Price $89,000, Average Days On Market 74.
LISTINGS:
Currently Actives Total: 778 $193,809 Average Listing Price and Median Price $159,900.
Currently Pendings: 171 $151,976 Average Listing Price and Median Price $148,000.
New Listings: 37 With Average Listing Price of $186,735, Median Listing Price of $153,900
Pending Listings: 21 With Average Listing Price of $159,738, Median Listing Price of $146,900
Withdrawn Listings: 15 Average Listing Price $162,826, Median Listing Price of $147,500
Expired Listings: 17 With Average Listing Price of $170,894, Median Listing Price of $167,900
WEST BATON ROUGE PARISH
SOLDS:
1 for $179,700 or $127/sf, Median Sales Price $179,700, Average Days On Market 267.
LISTINGS:
Currently Actives Total: 109 $196,436 Average Listing Price and Median Price $186,300.
Currently Pending: 21 $186,897 Average Listing Price and Median Price $185,900.
New Listings: 3 Average Listing Price of $204,900, Median Listing Price of $134,900
Pending Listings: 2 Average Listing Price of $175,900, Median Listing Price of $175,900
Withdrawn Listings: 1 Average Listing Price $49,900, Median Listing Price of $49,900
Expired Listings: 1 With Average Listing Price of $195,000, Median Listing Price of $195,000
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of April, 16, 2011 to April 22, 2011. This information was extracted on 04/23/2011.
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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Denham Springs Home Appraisers 2011 Report On Lake at Gray’s Creek Subdivision
http://www.denhamspringsappraisers.com/ – Denham Springs Home Appraisers 2011 Report On Lake at Gray’s Creek Subdivision
According to the DSLD Homes website, Lake At Gray’s Creek is a “Small community conveniently located directly off of Highway 16 in south Denham Springs. Less than one mile from the elementary school, this community has a retainage pond. Quiet location, just minutes from shopping and all other conveniences. New homes priced from the $130′s. In 2009, there were 63 homes built with an average sales price of $142,655 or $101.69/sf. In 2010, there were 32 homes built with an average sales price of $142,235 or $103.01/sf. In 2011, there is one (1) new home for sale for $133,900 or $105/sf for 1,274sf. Specific information on Lake At Gray’s Creek is available at the DSLD Homes website.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to April 15, 2011. This information was extracted on 04/15/2011. Yes, this appraiser does have permission to use this MLS chart within this post.
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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Livingston Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Report
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%.
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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 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.
Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).
Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/
Posted in 70706, 70726, 70754, 70785, Denham Springs Real Estate, denham springs real estate agents, Denham Springs Real Estate Appraisers, Livingston Parish Homes, Livingston Parish Real Estate, Livingston Parish Real Estate News, Watson Louisiana 70706, Western Livingston Parish Real Estate | 
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Denham Springs Appraisers Woodland Crossing Q1 2011: Home Prices Decline On 5 Foreclosures
http://www.woodlandcrossingappraiser.info/ – Denham Springs Appraisers Woodland Crossing Subdivision First Quarter 2011: Home Prices Decline Based On Five (5) Foreclosures! South Point Subdivision is also experiencing a similar decline. However, if these 5 foreclosures are removed from analysis, the Average Sales Price in 2011 has been $150,432, Median $165,275, Average Sold Price $83.37/sf, which is still a decline.
Recap of 2008 through 2011 Woodland Crossing Housing Numbers:
So, from 2008 to 2011, median sales prices have ranged from $156,000, $147,000, $149,000 down to $135,000 in 2011, rounded to nearest 1000. Sold price per sq. ft. continues to decline from $92/sf in 2010 down to only $78/sf in 2011 rounded. 2011 represent 13 sales and only represent one quarter of housing sales numbers, not an entire year.
YEAR-TO-DATE SOLDS 2011 (Note Chart shows 13 sales, MLS Search Reveals 14 Sales):
Solds In Woodland Crossing from 1/1/2011 to 04/04/2011 revealed:
Average Sales Price: $141,763
Average Sold Price Per Sq. Ft.: $78.74
Median Sold Price: $134,735
Number of Sales: 14
Average Days On Market: 82
Low To High: $109,900 to $176,990
Number of Sold REO/Foreclosures Noted In MLS: 5
Five (5) foreclosures took place selling for $115,000 or $76/sf for 1505sf, $118,000 or $74/sf for 1600sf, $118,900 or $63/sf for 1908sf, $124,000 or $62/sf for 1998sf and $154,900 or $77/sf for 1999sf.
NUMBER OF SALES IN 2010 VERSUS 2009 YTD: -35% Decline! In 2009 there were 73 sales and in 2010 there were 43 sales. So, there were 30 less sales in 2010 than 2009 or -41% in home sales volume. With 14 2011 Sales in Q1, if this trend continues, there should be 50 to 56 sales for 2011, which would be an improvement from 2010.
CURRENT LISTINGS AS OF 04/04/2011:
Current # GBRMLS Listings: 45, 1 REO/Foreclosure Listing and 1 Short Sale Listing. Current Listings Prices: $110,000 To $199,900, Average Listing Price $90.72/sf. Listing Prices per square foot range from $56/sf up to $109/sf.
TIME TO APPEAL YOUR LIVINGSTON PARISH PROPERTY TAXES? With this continued trend in lower sales prices in Woodland Crossing Subdivision, is it is time to appeal your property taxes? You can look up your tax assessment here and find out what your home is assessed for, see below.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to April 4, 2011. This information was extracted on 04/03/2011.
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Posted in 70726, denham springs appraisers, Denham Springs Real Estate, denham springs real estate agents, Denham Springs Real Estate Appraisers, Livingston Parish Homes, Livingston Parish New Homes, Livingston Parish Real Estate, Livingston Parish Real Estate News, Western Livingston Parish Real Estate | No Comments »
Denham Springs Real Estate News: Juban Crossing Improves Livingston Parish Image with Video
http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate News: Juban Crossing Improves Livingston Parish Image with video
WBRZ News has an interesting article regarding Juban Crossing at the link below and a partial image of that article is below!
http://www.wbrz.com/news/juban-crossing-helps-livingston-parish-move-on-up/
Denham Springs Westminster Homes For Sale: 26041 Stonehenge Dr, Denham Springs, LA 70726
http://www.denhamspringsrealestateminute.com/ – Denham Springs Westminster Homes For Sale: 26041 Stonehenge Dr, Denham Springs, LA 70726
Description From YouTube:
“26041 Stonehenge Dr Denham Springs, LA Sterling Hall Emerge Properties of LA http://www.realestatebook.com/homes/l… The last new construction home available in this awesome subdivision Westminster in Denham Springs, the Vincent floorplan is amazing! Featuring 1863 square feet with 3 bedrooms/ 2 bathrooms and a bonus room! Walk in and you’ll notice the awesome bonus room to your right that can be used as a playroom, an office, a workout room, or even a formal dining room. The windows in the bonus room are a great architectural feature! The awesome kitchen is the heart of the home and in this house you know it! Featuring an island, dark stained varied height cabinetry, and new black GE appliances the kitchen overlooks the dining area and also has a huge bar for even more seatingit’s perfect for entertaining! The kitchen/ dining/ living room areas are open but separated enough to define each space as it’s own. You’ll find many fantastic nooks and archways throughout this amazing floorplan giving fantastic architectural detail! This is a great split floorplan with great sized bedrooms and closets. The master suite has an awesome bath with dual sinks, garden tub, separate shower, linen closet, and amazing walk-in master closet. There’s also great storage throughout and the laundry room is located just off the garage! On top of all of the wonderful features of this amazing home, the seller will give you up to $4,000 towards closing costs and pre-paids if you use a preferred lender and title company! Call today for your private showing!”
Greater Baton Rouge Housing Trends: Indepth Look At 2010 Home Sales Numbers
http://www.batonrougemarketmetrics.com/ – Greater Baton Rouge Housing Trends: Indepth Look At 2010 Home Sales Numbers
The LREC or Louisiana REALTORS are reporting on comprehensive housing numbers for 2010, including 4th quarter 2010. So, the source for this report and charts and graphs is LREC.
NUMBER OF SALES DOWN 7.3%. Overall, the number of Greater Baton Rouge Home Sales was down 7.3% for 2010. Total volume for 2010 was 5,708 versus 6,160 for 2009.
AVERAGE SALES PRICE. The average home sales price increased in 2010 to $202,138 vs $197,587 for 2009. This would appear to be due to strong local employment numbers of 355,797 in 2010 versus 354,044 in 2009. However, the Baton Rouge Business Report just reported this morning that “B.R. home price index drops for fifth month running“. So, according to the CoreLogic Home Price Index for Louisiana, Baton Rouge home prices are continuing to correct to the downside, not the upside, and I would agree. And, a look at the median sales prices would be more helpful than average sales prices since average sales prices can include homes from $10,000 up to $3,000,000 – outliers.
SOME IMPROVEMENT. Not all areas are declining though, but marketing time periods are well over 6 months. I’m appraising the 2011 St. Jude Dream Home in Prairieville and the general market of competing solds and listings is showing a rising median sales price, but very long marketing time periods of well over 6 months. Some homes in one local high end development on Highway 73 in Prairieville have been on the market since 2008 without selling.
AVERAGE DAYS ON MARKET. The average days on market remained almost unchanged at 90 days in 2010 versus 91 in 2009.
Accurate Valuations Group Office: 225.293.1500
Fax: 1-866-663-6065
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Mortgage Broker/Owner: Erica Whiddon
Phone: 225-665-4399
Fax: 225-665-4599
30891 La Hwy 16 Denham Springs, LA 70726
Email First Choice Mortgage Here
First Choice Mortgage, LLC Website
James Bohac/Owner: Alltel Home Inspection
Phone: 225-806-7572
Fax: 225-664-8280
1004 N . River Road Denham Springs, LA 70726
Email AllTell Home Inspection Here
AllTell Home Inspection Website
