Denham Springs La Housing Trends August 2011 versus August 2012 This study includes new home construction in Denham Springs, Watson and Walker or Western Livingston Parish. Median Sold Price by Month Aug-11 vs. Aug-12: The median sold price is up 16% Sold Properties by Month Aug-11 vs. Aug-12: The number of sold properties is down 23% Average Days on Market by MonthAug-11 vs. Aug-12: The average days on market is up 39% Months Supply of Inventory Aug-11 vs. Aug-12: The average months supply of inventory is up 31.6% Supply & Demand by MonthAug-11 vs. Aug-12: The number of for sale properties is up 9% and the number of sold properties is down 23% For Sale Properties by MonthAug-11 vs. Aug-12: The number of for sale properties is down up 9% New Properties by Month Aug-11 vs. Aug-12: The number of new properties is down 40% Under Contract Properties by Month Aug-11 vs. Aug-12: The number of under contract properties is down 11% Expired Properties by Month Aug-11 vs. Aug-12: The number of expired properties is down 56% Median For Sale vs. Median Sold Aug-11 vs. Aug-12: The median price of for sale Continue reading Denham Springs La New Homes Trends Disappointing August 2011 versus August 2012
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 Continue reading Denham Springs Home Appraisers 2011 Report On Lake at Gray’s Creek Subdivision
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 Continue reading Greater Baton Rouge Housing Trends: Indepth Look At 2010 Home Sales Numbers
http://www.jubanparcappraiser.com/ – Denham Springs Home Appraisers: Juban Parc Housing Numbers For September 2010 Solds In Juban Parc from 1/2010 to 9/27/2010 revealed: Average Sales Price: $159,943 Average Sold Price Per Sq. Ft.: $102.49/sf Median Sold Price: $141,900 Number of Sales: 21 Low To High: $137,500 to $235,000 Average Days On Market: 103 Number of Sold REO/Foreclosures Noted In MLS: 0 Current # Listings: 13, 1 Foreclosure Current Listings Prices: $138,900 To $239,900 NOTE: The 2009 Average and Median Sales Prices were $175,007 and $175,450. The data within this report is used with the permission of the Greater Baton Rouge Association of Realtors, extracted on 9/27/2010 from periods 1/1/2009 to 9/27/2010.
http://www.denhamspringsappraisers.com/ – Western Livingston Parish Home Appraisers: August 2010 Market Data The August 2010 housing numbers are in from the Greater Baton Rouge Association of Realtors from 8/1/2010 to 8/31/2010 and from 8/1/2009 to 8/31/2010, extracted on 9/16/2010. Livingston Parish August 2010 Market Data (For MLS Areas 80, 81, 82 & 83) Total Monthly Sales: 56 (Lowest Number Of Sales In Period) Average Listing Price: $164,295 ($162,914 in 8/2009) Average Sold Price: $161,018 ($160,232 in 8/2009) Median Sold Price: $140,900 ($152,500 in 8/2009)Average Days On The Market: 92 (85 in 8/2009) Listing To Sales Price Ratio: 98% (98.3% in 8/2009) Current Inventory: 811 (703 in 8/2009) Months of Inventory: 14.5 (Longest In Period, 5.9 in 8/2009) Annual View From 8/2009 to 8/2010: Total Monthly Sales: 1210 Average Listing Price: $167,849 Average Sold Price: $164,948 Median Sold Price: $152,147 Average Days On The Market: 90 Listing To Sales Price Ratio: 98.3% Average Current Inventory: 719 Average Months of Inventory: 7.1 Accurate Valuations Group’s “MARKET WRAP”: NUMBER OF HOME SALES DECLINES. Based on these numbers, home sales are slowing considerably from 120 in August 2009, 109 in June 2010, 83 in July 2010 to just 56 in August 2010, a decline Continue reading Western Livingston Parish Home Appraisers: August 2010 Market Data
http://www.denhamspringslarealestate.net/ – Will Half Of Denham Springs Homebuyers Who Claimed 2009 Tax Credit Have To Repay The Government? There’s a new report out by CNNMoney.com and eCreditDaily.com that says 950,000 Taxpayers Must Repay Homebuyer Tax Credit according to the U.S. Treasury. Read the entire articles at the links above. Buzz is providing a few snippets below. CNNMoney.com states, “Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government. According to a report from the Inspector General for Tax Administration, released to the public Thursday, about 950,000 of the nearly 1.8 million Americans who claimed the tax credit on their 2009 tax returns will have to return the money. The confusion comes because homebuyers were eligible for two different credits, depending on when their homes were purchased. Those who bought properties during 2008 were to deduct, dollar for dollar, up to 10% of the home’s purchase price or $7,500, whichever was less. The catch: The money was a no-interest loan that had to be repaid within 15 years. Had they waited to buy until 2009, they could have gotten a much sweeter deal. Congress extended the credit and Continue reading Will Half Of Denham Springs Homebuyers Who Claimed 2009 Tax Credit Have To Repay The Government?
http://www.woodlandcrossingappraiser.info/ – Denham Springs Woodland Crossing August 2010 Update: Number of Sales Down, Price Per Sq. Ft. Up! There was only 1 sale in August 2010. AUGUST 8/1/2010 to 8/31/2010: Only 1 GBRMLS Sale. 12309 Pinebrook Dr, with 1,620sf sold for $144,000 or $88.89/sf. YEAR-TO-DATE SOLDS: Solds In Woodland Crossing from 1/1/2010 to 8/31/2010 revealed:Average Sales Price: $149,057 Average Sold Price Per Sq. Ft.: $93.80 (Avg through 8/09 $90.74)Median Sold Price: $147,535Number of Sales: 40 Average Days On Market: 94 Low To High: $118,900 to $210,000 Number of Sold REO/Foreclosures Noted In MLS: 2 NUMBER OF SALES IN 2010 VERSUS 2009: -15% Decline In The Number Of Sales From 1/1/09 – 8/31/09 to 1/1/10 – 8/31/10. In 2009 there were 47 sales at this point and in 2010 there have been 40 sales. So, there are 7 less sales or -15% in home sales volume. CURRENT LISTINGS AS OF 9/8/2010: Current # GBRMLS Listings: 42, 4 REO/Foreclosure Listing Current Listings Prices: $115,900 To $199,900, Average $89/sf. NOTE: Data Used With Permission of the GBRAR GBRMLS. Data was extracted on 9/8/2010 from periods 1/1/2010 through 9/8/2010.
http://www.batonrougerealestateminute.com/ – Baton Rouge Real Estate Minute Lanches, Provides 1 Minute Video Updates on local residential Baton Rouge Real Estate. What topics or subdivisions would you like updates on? Tags: Baton Rouge Real Estate, Baton Rouge Homes, Baton Rouge Housing, Real Estate Baton Rouge, Greater Baton Rouge Real Estate, Baton Rouge Real Estate Buzz, Baton Rouge Real Estate Minute, Baton Rouge Real Estate Trends
http://www.denhamspringsappraisers.com/ – Denham Springs FHA Appraisers Study: Livingston Parish Housing Bucks National Trend Plunge Of 15 Year Lows! This morning, “The Guys” from TBWS reported existing home sale fell 27.2%, the lowest number of sales since 1968, see the video below. The Baton Rouge Business Report is reporting on a National Assocation of Realtors housing study and I quote: “Sales of previously occupied homes fell to the lowest level in 15 years last month as the economy weakened. The National Association of Realtors says July’s sales fell by more than 27% to a seasonally adjusted annual rate of 3.83 million. It was the largest monthly drop on records dating back to 1968. June’s sales pace was revised downward to 5.26 million. Home sales picked up in the spring when the government was offering tax credits. But the market has struggled since the tax credits expired on April 30. It would take 12.5 months to sell off the 4 million unsold homes on the market at the current sales pace. The median sale price was $182,600, up 0.7 percent from a year ago.” I have included three charts below from Mortgage News Daily’s July Existing Home Sales: Recap and Charts Continue reading Denham Springs FHA Appraisers Study: Livingston Parish Housing Bucks National Trend Plunge Of 15 Year Lows
http://www.denhamspringsappraisers.com/ – Denham Springs Home Appraisers Photos From The Field: Seigle Landing Subdivision These are some recent photos I took in Seigle Landing Subdivision, Denham Springs, Louisiana 70706 located off Simms Road. The development appears to be divided into two sections, the front section with larger homes and rear section with smaller more affordable housing. Sorry of the rain drops on the lens and if the photos aren’t exactly straight- it was raining very hard at photo time.