Richmond Place Denham Springs Home Prices Increasing in 2017

Bill Cobb Appraiser has released a Richmond Place Subdivision Denham Springs Watson Home Sales Update 2016-2017, Prices Increasing in 2017 Are Watson home values higher after the flood? At least in Richmond Place where it did not flood and those subdivisions competing with Richmond Place style and quality homes, they are higher. With low inventory, the 1998sf Evangeline Meridian PCC plan is listed at $189,900 with 2 pendings. There’s sort of this debate on Facebook about whether home prices are up post flood. To some extent they are, but this isn’t the same run up as the post Katrina market Continue reading Richmond Place Denham Springs Home Prices Increasing in 2017

Richmond Place Subdivision Denham Springs Louisiana Home Sales Update 2016

Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Richmond Place Subdivision and discovered these housing trends.   May 2015 to May 2016 Richmond Place Home Sales Trends 24 Sales from $108,661 to $193,900 Median Sales Price: $157,250 Median Sold Price Per Sq. Ft.: $91/sf Average Sold Price: $155,978 Average Sold Price Per Sq. Ft.: $89/sf Homes Sold From $69/sf to $104/sf Average SP/LP% 97% Average Days On Market: 80 Days Average Home In Subdivision Is: 1,767 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 97%” or Listing To Sales Price Ratio means the average home sale Continue reading Richmond Place Subdivision Denham Springs Louisiana Home Sales Update 2016