Livingston Parish New Homes
Denham Springs Home Appraisers 2011 Report On Lake at Gray’s Creek Subdivision
April 16, 2011 | 
Author 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/
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.
Tags: denham springs homes, denham springs homes for sale, denham springs houses, denham springs housing, Denham Springs Housing Study, Denham Springs Real Estate, denham springs real estate agents, denham springs realtor, denham springs realtors, Livingston Parish Building Permits, Livingston Parish Real Estate, Livingston Parish Residential Building Permits, Western Livingston Parish
Posted in 70726, denham springs appraisers, Denham Springs Real Estate, denham springs real estate agents, Denham Springs Real Estate Appraisers, Denham Springs Real Estate Videos, Livingston Parish Homes, Livingston Parish New Homes, Livingston Parish Real Estate, Livingston Parish Real Estate News, Western Livingston Parish Real Estate | 
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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.
Posted in Denham Springs New Homes Subdivisions, Denham Springs Real Estate, Denham Springs Real Estate Appraisers, Denham Springs Real Estate Videos, 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 Home Appraisers: Juban Parc Housing Numbers For September 2010
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.
Posted in Denham Springs Louisiana 70726, Denham Springs Real Estate, denham springs real estate agents, Denham Springs Real Estate Appraisers, Denham Springs Real Estate Videos, Denham Springs Realtors, Denham Springs Subdivision Videos, Livingston Parish New Homes, Livingston Parish Real Estate | No Comments »
Western Livingston Parish Home Appraisers: August 2010 Market Data
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 of -53% since August 2009.
LOCAL HOUSING INVENTORY SWELLS. With the number of home sales declining, this resulted in an increase to over 14 months of inventory. The good news is that in August, it still took an average days on the market of 92 days to sell a home.
MEDIAN SALES PRICE DECLINE. The median sales price declined sharply from $152,500 in August 2009, $149,000 in June 2010, $155,000 in July 2010 to just $140,900 in August 2010, a decline of -7.6% since August 2009. This shows that this market continues to favor the more affordable housing options over that of the higher end homes market. Area home builders have reacted and are building smaller homes to accomodate this market demand.
WHY WE USE MEDIAN SALES PRICE OVER AVERAGE SALES PRICE? NOTE: Why Median Sales Price is a better indicator than Average Sales Price! Median Sales Price is the barometer by which the National Association of Realtors uses to report on national housing markets. Average Sales Price tends to take all of the home sales prices from the lowest, say $50,000, to the highest, say $1,000,000, and state the average of them all, sometimes skewing the numbers because of the extreme highs and lows. Median Sales Price tends to focus more on the middle of where the bulk of home sales prices are taking place. Generally, the Average Sales Price is going to be higher because it includes the extreme high sales prices in a given market.
Posted in denham springs appraisers, Denham Springs Real Estate, denham springs real estate agents, Denham Springs Real Estate Appraisers, Denham Springs Real Estate Videos, Livingston Parish Homes, Livingston Parish New Homes, Livingston Parish Real Estate, Walker Louisiana 70785, Walker Louisiana 70785 New Homes, Walker Louisiana FHA Appraisers, Watson Louisiana Homes For Sale, Watson Louisiana Real Estate | No Comments »
Will Half Of Denham Springs Homebuyers Who Claimed 2009 Tax Credit Have To Repay The Government?
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 made it a refund rather than a loan.”
eCreditDaily.com states, “Nearly 1.8 million taxpayers claimed a total of almost $12.5 billion under the popular first-time homebuyer tax credit program, but more than 950,000 taxpayers will be required to repay the credits because their homes were purchased in 2008, according to a U.S. Treasury report released today. And many more may have to repay the credits “if the homes cease to be the primary residences of the taxpayers within 36 months,” according to the report released by the U.S. Treasury Inspector General for Tax Administration (TIGTA). TIGTA said the Internal Revenue Service is improving its methodology to more precisely determine how many have to repay the tax credits. Nonetheless, the announcement will come as a shock to taxpayers who purchased homes to take advantage of a program meant to revitalize the depressed housing market.
The Housing and Economic Recovery Act of 2008 created a new “First-Time Homebuyer Credit” equal to 10 percent of the purchase price of the home, limited to a maximum amount of $7,500. But that original credit served as an interest-free loan that must be repaid over a 15-year period. The following year, the homebuyer tax credit program was expanded and converted into a full credit that does not have to be repaid.”
To view the Treaury report, go to: http://www.ustreas.gov/tigta/auditreports/2010reports/201041086fr.pdf.
Image Source: http://ecreditdaily.com/
Tags: Denham Springs Real Estate, Homebuyer Tax Credit, Mortgages
Denham Springs Woodland Crossing August 2010 Update: Number of Sales Down, Price Per Sq. Ft. Up!
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: $147,535
Number 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.
Posted in denham springs appraisers, Denham Springs For Sale By Owner, Denham Springs Home Appraisers, Denham Springs Homes, Denham Springs Homes For Sale, Denham Springs Houses, Denham Springs Real Estate, Denham Springs Real Estate Appraisers, Denham Springs Real Estate Videos, Denham Springs Subdivision Videos, Livingston Parish Homes, Livingston Parish New Homes, Livingston Parish Real Estate | No Comments »
Baton Rouge Real Estate Minute Launches, Provides 1 Minute Video Updates, Your Questions?
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
Walker Louisiana 70785 Real Estate: Collins Place Subdivision Housing Report July 2010
http://www.denhamspringsappraisers.com/ – Walker La 70785 Real Estate: Collins Place Subdivision Housing Report July 2010. In this video, Western Livingston Parish’s Home Appraiser, Bill Cobb, reports on Collins Place Subdivision Stats with Video Tour.
Tags: Walker La, Walker Louisiana Real Estate, Collins Place, Livingston Parish Real Estate, Denham Springs Real Estate, Baton Rouge Real Estate, 70785
Denham Springs FHA Appraisers Study: Livingston Parish Housing Bucks National Trend Plunge Of 15 Year Lows
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 to help put this in perspective. I then discuss the local Baton Rouge Housing Market Numbers.
While the NAR study covers the entire U.S., how do the local Western Livingston Parish housing sales numbers compare? By Western Livingston Parish, I’m defining Denham Springs, Watson and Walker, MLS Areas 81, 82 and 83, the more active portion of Livingston Parish. The answer is that I see Western Livingston bucking the national trend. Within the Greater Baton Rouge Association of Realtors data extracted from 1999 through August 25, 2010, covering almost 12 total years, the lowest yearly rate of home sales was in 1999 with 759. As of 8/25/2010, there have been 654 home sales. If this pace of home sales continues, 2010 projections will be approximately 980 sales, which would conclude a healty housing market.
The chart below, extracted from data from the GBRMLS on August 20, 2010, shows that the median sales price in MLS Area 81, Denham Springs north of Interstate 12, has continued to remain stable to increasing slightly. The chart actually shows an increase in median sales price from 8/2009 to 8/2010 of +3.49%. The chart also shows a fairly low 7.4% REO or Foreclosure Rate for this market as well, 235 foreclosures out of 3,175 homes sales since 1/1/2004.
HOWEVER
I want to responsibly point out that just because the NATIONAL “number” of home sales have been declining in 2010 doesn’t mean the LOCAL “housing prices” are equally declining significantly! And, this is an important point. As a home appraiser, the one thing I hear from local homeowners is a misunderstanding of the local market. They say things to me like, “I know this is a horrible time to be refinancing and getting an appraisal with the housing market the way it is, but we just couldn’t pass up the low mortgage rate”. I hear this constantly from locals and you can’t watch the national news and apply that to our local market. Linda Fredericks, former President of the Greater Baton Rouge Association of Realtors, is correct when she delivered the message that housing marketings are “local” and you can’t apply the national news headlines to a one size fits all local housing market!
Take The Baton Rouge Business ReportPoll: When will the U.S. housing market recover? So far results are:
NOTE: Data Used With Permission of the GBRAR MLS. Data was extracted on 8/25/2010 from periods 1/1/2009 through 8/25/2010.
Tags: Western Livingston Parish, Denham Springs Housing Study, Denham Springs Real Estate, Watson Louisiana Housing Study, Walker Louisiana Housing Study
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