Chateau Jon Denham Springs Flooding Update May 2017

Chateau Jon Subdivision Denham Springs Home Sales Trends 2014 to May 2017 Other Western Livingston Parish flood updates can be found here: http://www.denhamspringsappraisers.com/category/flood-study/ Chateau Jon Subdivision did flood during the “Great Flood” of August 12-15, 2016, see flood water level in the photo below with yellow arrow pointing to water height. It appears flood water intrusion was approximately 5 inches to 1.5 feet, +/-. NOT ALL homes within flooded though and I don’t which ones did flood or did not flood. However, it appeared to me from my drive-through on 12/23/2016 most homes within did flood. Pre-Flood and having to Continue reading Chateau Jon Denham Springs Flooding Update May 2017

Colonial Cove Denham Springs Flood Sales Update 2017

Colonial Cove Subdivision Denham Springs Flood Sales Update May 26 2017 Other Western Livingston Parish flood updates can be found here: http://www.denhamspringsappraisers.com/category/flood-study/ Yes, Colonial Cove Subdivision did flood during the “Great Flood” of August 12-15, 2016, and flooded to a height around 5 feet I’ve been told and witnessed, see flood water level in the collage photo below arrow pointing to water height. When the Amite River reached 46.2 feet, the water had to go somewhere. Colonial Cove Pre-Flood Home Sales Trends From 8/1/2015 to 08/12/2016, 4 sales sold for a median sales price of $174,500, average sales price of Continue reading Colonial Cove Denham Springs Flood Sales Update 2017

Plantation Estates Denham Springs Post Flood Sales Update May 2017

Plantation Estates Subdivision Denham Springs Post Flood Home Sales Update as of May 29 2017 Are buyers willing to purchase flood-renovated homes in Plantation Estates closer to Interstate 12 and the Amite River? According to GBRMLS, homes on Hermitage Dr experienced 4.5 feet of flood water. See my commentary in the Number of Post Flood Renovated Listings: 2 section. There’s only two GBRMLS listings, period. Other Western Livingston Parish flood updates can be found here: http://www.denhamspringsappraisers.com/category/flood-study/ As far as I know, ALL homes in Plantation Estates flooded during the “Great Flood” of August 12-15, 2016. I use the term “ALL” Continue reading Plantation Estates Denham Springs Post Flood Sales Update May 2017

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

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: http://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

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

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

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

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?

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

Related Posts Plugin for WordPress, Blogger...