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Denham Springs, LA Real Estate News

By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Existing Homes Denham Springs Housing Study March 2011 vs March 2012 Brought to you by Denham Springs Home Appraisers. These are ALL existing homes (detached single family) in the City of Denham Spings as classified in GBRMLS, which includes 70706 and 70726.    NOTE: The complete study with several charts and 21 page embedded pdf can be viewed here:   Denham Springs Exising Homes Housing Study March 2011 vs March 2012   Median Sold Price by Month Mar-11 vs. Mar-12: The median sold price has not changed   Median For Sale vs. Median Sold Mar-11 vs. Mar-12: The median price of for sale properties is up 3% and the median price of sold properties has not changed   Sold Properties by Month Mar-11 vs. Mar-12: The number of sold properties is up 4%   Under Contract Properties by Month Mar-11 vs...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
New DSF Denham Springs Homes Housing Study March 2011 vs March 2012.  These are ALL new homes (detached single family) in the City of Denham Spings as classified in GBRMLS, which includes 70706 and 70726. NOTE: The complete study with several charts and 21 page embedded pdf can be viewed here:  Denham Springs New DSF Homes Housing Study March 2011 vs March 2012   Median Sold Price by Month Mar-11 vs. Mar-12: The median sold price is down 3%   NOTE: This is contrary to what's taking place in Willow Pointe Subdivision where sold price per sq. ft. is up $10/sf as a I reported yesterday: Willow Pointe Subdivision Q1 2012 Home Sales Numbers Denham Springs   Median For Sale vs. Median Sold Mar-11 vs. Mar-12: The median price of for sale properties is up 5% and the median price of sold propert...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.denhamspringsappraisers.com/ - Willow Pointe Subdivision Q1 2012 Home Sales Numbers Denham Springs. Sold price and sold price per sq. ft. are both up from 2011. Photos in this report were taken with iPhone 4 and Pro HDR app and labeled with PhotoMarkr app.  Willow Pointe Subdivision Q1 2012 Home Sales Numbers Denham Springs     So far into 2012, there have been 3 GBRMLS sales in Willow Pointe, Average Sales Price $190,333, Median Sales Price $200,000, Average Sales Price Per sq. ft. $112.18/sf, Average 177 Days On Market and Selling For 96% of Listing Prices. In 2011, there were 13 total sales with Average Sales Price $178,577, Median Sales Price $181,000, Average Sales Price Per sq. ft. $102.18/sf, Average 147 Days On Market and Selling For 98% of Listing Prices.  Observatio...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Livingston Parish Home Sales Q1 2012, Pending Listings Up 30%, Median Sales Price Still Down Livingston Parish Home Sales Report April 12 2011 Through April 12 2012. While Median Sales Price Continues To Correct Downward, the number of pending listing is up 30% showing pent up buyer demand, which is Good News!  Inventory is also down.  This is a Q1 2012 or First Quarter 2012 multipage study of Livingston Parish Homes Sales (All GBRMLS Areas, All Sales Price Ranges, All Ages, All Types Of Properties) and includes the detailed sales per month sheets including Median Price, # Units and Average DOM or Days On Market. TO VIEW THE COMPLETE ONLINE PDF AND ALL CHARTS, SEE: Livingston Parish Home Sales Q1 2012 Pending Listings Up 30 Percent Median Sales Price Still Down   GOOD NEWS:    Under Con...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Advantages To Buying A Home In Denham Springs Louisiana 70726, Livingston Parish - Community!  Denham Springs Louisiana at Livingston Parish is one of the places Baton Rouge Real Estate is proud to include as one of their recommended places to live. A city that values natural beauty and clean environment, Denham Springs is ideal for a growing family. Denham Springs is considered to be an old city that is why this is a close knitted community where neighbors take care of each other. The city government sees to the community safety by providing safety measures such as police and fire department. The city also have emergency care, storm alert and poison control centers to watch over the citizens of Denham Springs. The city is the home of Bass Pro largest shop and the older section of Denha...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://denhamspringsappraisers.com/- Denham Springs FHA Appraisers 2012 Report On Easterly Lakes Subdivision 70706.  Easterly Lakes values aren't nearly what they used to be and won't return to post Hurricane Katrina pricing anytime soon!  Sales activity is very slow in 2012.  However, there are 3 pending or under contract listings. And, a Real Estate Investors not so great a success in Easterly Lakes all below. I'm currently working on Pre-Listing Appraisal where the buyer in 2006 will take a substantial loss selling in 2012. Denham Springs FHA Appraisers 2012 Report On Easterly Lakes Subdivision 70706 Solds from 01/01/2011 to 12/31/2011 revealed:  Average Sales Price: $233,200 Average Sold Price Per Sq. Ft.: $97 Median Sold Price: $219,900 Average # of Days On Market: 199 # of Sales: ...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Livingston Parish Home Sales Still In Correction Mode For 2012, Declining For Livingston Parish, These are important numbers! LIVINGSTON PARISH SPECIFIC. Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%. For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%. Average Sold Price was unchanged. Median Sold Price DOWN -$1,900 or -1%. We're Still In CORRECTION MODE in Livingston Parish.   Denham Springs Home Sales Numbers Update Through Febuary 29, 2012. DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012....there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%. DECLINING SALES PRICES! Of these 115 sales, average ...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.woodlandcrossingappraiser.info/ - Woodland Crossing Subdivision Housing Market Report  Hi Bill Cobb, you're a local Home Appraiser with Accurate Valuations Group 225-293-1500.  I understand you just completed a home appraisal in my Denham Springs Subdivision, Woodland Crossing, last week? Yes Cassie, that's correct. You know, that's a very large subdivision with how many homes?  Like 750 Homes? Yes, approximately 750 homes. Bill, value wise how is my subdivision doing during this local housing market correction? I heard 2011 was the Year of Correction for Greater Baton Rouge housing.  I mean, aren't home values still declining locally?  Yes Cassie, 2011 was the year of correction where GBR home values finally corrected from Post Hurricane Katrina highs. Based on a recent YouT...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.denhamspringsappraisers.com/ - Denham Springs Housing News: South Point Subdivision Denham Springs 2011 Housing Numbers. South Point Subdivision Denham Springs 2011 Housing Numbers by Bill Cobb and Accurate Valuations Group. Hi Bill Cobb, you're a local Home Appraiser with Accurate Valuations Group 225-293-1500. I understand you just completed a home appraisal in my Denham Springs Subdivision, South Point, last week. Yes Jill, that's correct. You know, that's a very large subdivision with how many homes. Like 700 Homes. Yes. Bill, value wise how is my subdivision doing during this local housing market correction. I heard South Point values were down more than Woodland Crossing and other similar subdivisions. Yes Jill, 2011 was the year of correction where GBR home values fina...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.denhamspringsappraisers.com/ - Home Appraisers Denham Springs 2011 Housing Report Summerfield Subdivision Denham Springs 2011 Housing Numbers.  It used to be that homes in Summerfield sold in the $110/sf to $112/sf range.  That was then and this is a new housing market in 2011.   Here are the Summerfield Subdivision housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $192,380 in 2010 to $174,150 in 2011 or -9.5%. Median sales price was was down from $189,500 in 2010 to $175,000 in 2011 or -7.7%. However, the average sold price per sq. ft. was only down $2.42/sf or -2.45% from $98.58/sf to $96.16/sf.     Distressed Properties To Blame For Decline. I suspect part of this decline was due to 2 of the 5 total sales being 1 foreclosu...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.batonrougehousingreports.com/ - Denham Springs Westminister Estates 2011 Housing Report.  Average sold price declines 6.4% and average sold price per sq. ft. declines $10.43/sf. Denham Springs Westminister Estates 2011 Housing Report The Legal Name of this development at the Livingston Parish Courthouse and in filing records is Westminister Estates, meaning the sign is wrong. Here are the Westminister Estates housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $149,880 in 2010 to $140,293 in 2011 or -6.4%. Median sales price was basically unchanged. However, the average sold price per sq. ft. had a -$10.43/sf decline from $91.52 in 2010 to only $81.09/sf in 2011.  Foreclosures To Blame. I suspect part of this decline was due to...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://batonrougehousingreports.com/ - Denham Springs South Point Subdivision  Report for 2011.  South Point home sales prices declined by double digits in 2011 because close to 50% of solds were distressed in some form.  Average and Median Sales Prices drop 13 and 14% from 2010 levels.  South Point Subdivision Home Sales Report for 2011   Here are the South Point housing numbers from end of December 2010 to end of December 2011.  Some of the data isn't showing up because there were no sales in December 2010 or December 2011.  For this reason, I'm providing the GBRMLS Stats Chart as well, which should state 32 total sales for 2011.  Both the Average and Median Sales Prices plunged in 2011 with double digit declines based on "32" total home sales.  Average sales price was down from $150,...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.batonrougehousingreports.com/ - Western Livingston Parish Denham Springs: Woodland Crossing Home Sales Report  Woodland Crossing Subdivision Denham Springs Update Here are the Woodland Crossing housing numbers from end of December 2010 to end of December 2011. Dec-10 vs. Dec-11: The median sold price is down 4% Dec-10 vs. Dec-11: The median price of for sale properties is up 7% and the median price of sold properties is down 4% Dec-10 vs. Dec-11: The number of Sold properties is down 67% Dec-10 vs. Dec-11: The number of Under Contract properties is down 67% Dec-10 vs. Dec-11: The number of New properties is up 200% Dec-10 vs. Dec-11: The number of For Sale properties is down 46% Dec-10 vs. Dec-11: The number of Expired properties is down 82% Dec-10 vs. Dec-11: The number of f...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.woodlandcrossingappraiser.info/ - Denham Springs Woodland Crossing Subdivision Third Quarter 2011: Home Prices Decline Based On Seven (7) Foreclosures and 1 to 2 Short Sales!  Recap of 2008 through 2011 YTD Woodland Crossing Housing Numbers: So, from 2008 to 2011, median sales prices have ranged from $156,000, $147,000, $149,000 down to $140,000 in 2011, rounded to nearest 1000. Sold price per sq. ft. continues to decline from $92/sf in 2010 down to only $84/sf in 2011 rounded. 2011 represent 39 sales and only represent three quarters of housing sales numbers, not an entire year. YEAR-TO-DATE SOLDS 2011 (Note Chart shows 39 sales, MLS Search Reveals 42 Sales): Solds In Woodland Crossing from 1/1/2011 to 10/12/2011 revealed: Average Sales Price: $141,803Average Sold Price Per ...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.southpointappraiser.com - Denham Springs LA South Point Subdivision Q2 2008 Versus Q2 2011 Housing Report. Click below to enlarge charts for better viewing size. Denham Springs LA South Point Subdivision Q2 2008 Versus Q2 2011 Housing Report NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to September 11, 2011. This information was extracted on 09/11/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report! 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 knowl...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.denhamspringsrealestateminute.com/ - Denham Springs Home Appraisers: Rolling Meadow 2011 Update.   Since the Federal Tax Credit Expiration in May 2010, the number of home sales in Greater Baton Rouge has continued to decline. This is also the case with the Denham Springs market as well as in Rolling Meadow Subdivision, with only 2 home sales in the first 5 months of 2011 (as of 5/28/2011).  Entrance   Homes In Rolling Meadow Subdivision A Pat Wattam Listing @ 24537 Fairweather Drive       A Tracy Wempren Listing @ 12237 Bell Meadow       A Foreclosure @ 12270 Bell Meadow       A Darren James Listing @ 12203 Sundown Drive HIGHLY MOTIVATED SELLER Based on $122,500 Listing Price       Juban Parc Junior High School Adjacent To Rolling Meadow Subdivsion       A recent analysis of ...
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By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
http://www.denhamspringsappraisers.com/ - Denham Springs Housing Trends: Plantation Park Update 2011: Increasing, Declining or Remaining Steady?  Since the Federal Tax Credit Expiration in May 2010, the number of home sales has declined considerably.  And, the number of foreclosures has also increased.  With fewer sales and more foreclosures, this increases the percentage of the number of sales as foreclosures.     This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for "some" local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market!  Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before ma...
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By Quinton Renfro
(Baton Rouge Area Homes)
April 2011 home sales trends numbers are out for Livingston Parish and it was tough month with sales down about 35% as compared with April prior year. There were 93 homes sold in April 2011 as compared with 144 sold during April 2010.  Even though the homebuyers tax credit was in effect last April, that still probably shouldn't totally account for the steep sales drop.  Year to date, there have been 347 homes sold in Livingston Parish versus 404 sold during the same time period in 2010. The average home sold for $143,200 and 78 of the 93 homes sold for less than $199,999. There are 819 homes available for sale in Livingston Parish which represents about a 9 month supply.  Typically 6 months is considered to be the sign of a healthy real estate market. It will be interesting to see what ...
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