Denham Springs Appraisers Study Shows South Point Subdivision Pre & Post Hurricane Katrina Increases 22.5%

http://www.denhamspringsappraisers.com/ – Denham Springs Appraisers Study Shows South Point Subdivision Pre & Post Hurricane Katrina Increases 22.5%

Denham Springs, Louisiana Real Estate News – Accurate Valuations Group Study Shows South Point Subdivision Pre & Post Hurricane Katrina Increases 22.5%. William D. Cobb, a home appraiser with Accurate Valuations Group in the Greater Baton Rouge, LA market, is pleased to announce a gain in average home prices within South Point Subdivision. Based on data obtained from The Greater Baton Rouge Board of Realtors, the gain in average homes prices within within South Point Subdivision Pre to Post Hurricane Katrina has been 22.5%. The median price has increased 21%. The average price per sq. ft. has increased 20%.

Why Study South Point S/D? South Point S/D is perhaps the largest residential development in Livingston Parish/County with approximately 9 separate filings and approximately 750 lots. South Point S/D was developed by Saun Sullivan with PCC Homes, which was sold to the national home builder, D. R. Horton, Inc., in early 2006. When South Point S/D was first developed and homes began to sell in early 2002, a 3 bedroom, 2 bath home with 1,629sf living area was selling for around $109,000 or $66.91/sf. Today, that same home is selling for $150,000 or $92.08/sf, a 37.61% increase in only 4 years.

Market Summary 4/2006 to 4/9/2007 POST KATRINA:
Avg Sold: $149,487
Median Sold: $149,900
Avg $/SF: $85.47
Avg Days on the Market: 21
Total# Listings: 59

Market Summary 1/1/2005 to 8/28/2005 PRE HURRICANE KATRINA:
Avg Sold: $122,029
Median Sold: $123,800
Avg $/SF: $71.39
Avg Days on the Market: 47
Total# Listings: 123

The gain in average homes prices/values within South Point Subdivision Pre to Post Hurricane Katrina is from $122,029 to $149,487 or 22.5% increase. The median price/value has increased 21.08%. The average price per sq. ft. has increased from $71.39/sf to $85.47/sf or 19.73%.

Data Used With The Permission Of The Greater Baton Rouge Board of Realtors

Accurate Valuations Group Appraiser, William D. Cobb, has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market. For more information on Accurate Valuations Home Appraisal Group, visit Denham Springs Home Appraisals.