Category Archives: 20 Most Recent Articles

Otts Cove Subdivision Denham Springs Flood Update 2017

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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

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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→

Livingston Trace Denham Springs Home Sales Update 2017

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Bill Cobb Appraiser has released a Livingston Trace Subdivision Denham Springs Home Sales Update 2016-2017, Prices Increasing. Prices broke through $200,000. Of the competing area subdvisions like South Point, Westminster Estates and Woodland Crossing, home prices are highest in Livingston Trace! However, there’s been 18 EIGHTEEN SALES in the past year…why? Why are so many buyers moving out? Richmond Place Home Sales Trends from 04/01/2016 to 04/15/2017 18 Sales from $150,000 to $216,500 Median Sales Price $186,000 Median Sold Price Per Sq. Ft.: $101 per sq. ft. Average Sold Price: $183,566 Average Sold Price Per Sq. Ft.: $99 per sq. Continue reading Livingston Trace Denham Springs Home Sales Update 2017→

Did Great Flood Send Denham Springs Livingston Parish Home Prices Lower?

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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?→

Livingston Parish Home Sales Stats 2013 to 2016

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Livingston Parish Home Sales Stats 2013 to 2016 and have Livingston Parish home sales price DECLINED since the flood? Prepare for home price spikes! From 2013 to 2016, Livingstonge home sales have generally increased from 1498 in 2013 to 1947 in 2016 or 30%. The median days on market or time it takes to sell a home has declined from 54 days to 31 days. And, after the flood, flooded-renovated homes are generally selling in under 10 days. Sold price per square foot has risen from $97 in 2013 to $106 in 2016. Includes Detached Single Family, Attached Single Family Continue reading Livingston Parish Home Sales Stats 2013 to 2016→

Woodland Crossing Denham Springs Home Sales Update 2016

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Denham Springs Home Appraiser Bill Cobb has put together Woodland Crossing Subdivision Denham Springs Livingston Parish Home Sales Update 2016   Woodland Crossing was developed around 2003-2004 by PCC Homes, sold to DR Horton in 2006 after Hurricane Katrina and new filings by DSLD Homes took place into 2014-2015. I’m currently working on a Denham Springs Louisiana Home Appraisal and discovered these market trends. The following is a report on the home sales that took place and the prices paid for these homes. January 1 2016 to February 19 2017 Woodland Crossing Subdivision Home Sales Trends: 88 Sales From $84,810 Continue reading Woodland Crossing Denham Springs Home Sales Update 2016→

Richmond Place Denham Springs Home Prices Increasing in 2017

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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→

Crestwood Subdivision Waston Denham Springs home sales trends 2016

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Crestwood Subdivision home sales trends are listed below as a result of Livingston Parish home sales research. As far as I know, Crestwood did not flood during the Great Flood of August 2016. Crestwood February 2016 to February 2017 Home Sales Trends 12 Sales from $110,000 to $156,000 Median Sales Price $138,500 Median Sold Price Per Sq. Ft.: $115/sf Average Sold Price: $135,975 Average Sold Price Per Sq. Ft.: $111/sf Homes Sold From $85/sf to $120/sf Average SP/LP% 99% Average Days On Market: 35 Days Average Home Is 3 Bedrooms, 2 Baths, 1,227sf The “Average SP/LP% 99%” or Listing To Continue reading Crestwood Subdivision Waston Denham Springs home sales trends 2016→

Acadiana Place Denham Springs Flood Sales 2016

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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→

Juban Parc Denham Springs Home Sales Trends 2016

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Bill Cobb Appraiser recently performed a Denham Springs home appraisal in Juban Parc Subdivision and discovered these housing trends.   2016 Juban Parc Home Sales Trends 20 Sales from $149,900 to $235,000 Median Sales Price $178,923 Average Sold Price: $185,627 Median Sold Price Per Sq. Ft.: $115/sf Average Sold Price Per Sq. Ft.: $115/sf Homes Sold From $109/sf to $120/sf Average SP/LP% 99% Average Days On Market: 54 Days Average Home In Subdivision Is: 1,610 sq. ft. 3 bedrooms, 2 bathrooms The “Average SP/LP% 99%” or Listing To Sales Price Ratio means the average home sale sold for 1% less Continue reading Juban Parc Denham Springs Home Sales Trends 2016→