2011 Woodland Crossing Subdivision 21 Page Housing Study Published Denham Springs. Click Below to view he 21 page study.

From September 2010 to September 2011, the median sold price is up by 9% (but only based on “1″ sale in September 2011 and GBRMLS stats contradict this trend big time showing major declines for 2011).

Recap of 2008 through 2011 YTD Woodland Crossing GBRMLS 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.

Solds In Woodland Crossing from 1/1/2011 to 10/12/2011 revealed:
Average Sales Price: $141,803
Average Sold Price Per Sq. Ft.: $80.00
Median Sold Price: $139,900
Number of Sales: 42
Average Days On Market: 109
Low To High: $98,900 to $179,500
Number of Sold REO/Foreclosures Noted In MLS: 7

NOTE: The Median Sales Price Decline from 2010 to 2011 is -6.2%.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2008 to 10/12/2011. This information was extracted on 10/12/2011.

http://www.woodlandcrossingappraiser.info/ – Denham Springs Home Appraisers 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: $141,803
Average Sold Price Per Sq. Ft.: $80.00
Median Sold Price: $139,900
Number of Sales: 42
Average Days On Market: 109
Low To High: $98,900 to $179,500
Number of Sold REO/Foreclosures Noted In MLS: 7

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/01/2008 to 10/12/2011. This information was extracted on 10/12/2011.

http://www.batonrougelistingsservices.com/ – Denham Springs Real Estate Elevated Photography Services Now Available by Bill Cobb with Baton Rouge Listings Services and AVG Accurate Valuations Group! Find out more at the url above in blue.

Below is a compare and contrast showing the marketing differences in perspective of home listing photo at normal elevation versus elevated elevations. Local Real Estate Agents prefer to combine normal photos and elevated photos in their marketing plan for their listings.

This service is also included in Bill Cobb’s AVG Pre-Listing Appraisals whether those are ordered by Local Real Estate Agents or for those selling FSBO without an Agent, see Greater Baton Rouge Pre-Listing Appraisals

Tags: pap, pole aerial photography, pole photography, baton rouge, baton rouge real estate, baton rouge homes, Baton Rouge Real Estate, Baton Rouge Housing, East Baton Rouge, Greater Baton Rouge, Baton Rouge Realtors, Baton Rouge Real Estate Agents, Baton Rouge Homes For Sale, baton rouge real estate elevated photos

http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Appraisers: Why do some houses sit on the market while others sell?

Here’s an interesting video by Jay Papasan, an executive of Keller Williams Realty. We see “Jay” on the month “This Month In Real Estate US: November 2010″ videos on YouTube. In this video, Mr. Papasan explains why some houses just sit there on the market while others sell, which is an appropriate topic for locals now that the expiration of the Federal tax credit means a lot homes locally are just sitting.

I thought his explanations were helpful explanations. The visual displays of these concepts of his x/y axis were helpful as well.

I’m curious to hear the experience of both home owners and real estate agents as to what if Mr. Papasan is explaining is reality locally? Any ideas on what it would take for homes to sell faster? Are locals just waiting for a bottom before buying or is there something more going on in their psyche – more of a concern about what’s taking in Washington, DC than a concern for the Baton Rouge economy maybe?

You can follow Jay Papasan on Twitter at @jaypapasan, and on Facebook @ http://www.facebook.com/jaypapasan . Mr. Papasan is also coauthor of The Millionaire Real Estate Agent, The Millionaire Real Estate Investor & SHIFT.

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]]> http://www.southpointappraiser.com/2010/11/13/denham-springs-real-estate-appraisers-why-do-some-houses-sit-on-the-market-while-others-sell/feed/ 0 http://www.southpointappraiser.com/2010/10/16/denham-springs-real-estate-buzz-listen-to-nars-real-estate-today-show-for-october-16-2010/ http://www.southpointappraiser.com/2010/10/16/denham-springs-real-estate-buzz-listen-to-nars-real-estate-today-show-for-october-16-2010/#comments Sat, 16 Oct 2010 19:51:08 +0000 http://www.southpointappraiser.com http://www.southpointappraiser.com/livingston-parish-real-estate-news/denham-springs-real-estate-news/south-point-subdivision-denham-springs/denham-springs-real-estate-buzz-listen-to-nars-real-estate-today-show-for-october-16-2010/

http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate Buzz: Listen To NAR’s Real Estate Today Show For October 16, 2010!

Each Saturday, the NATIONAL ASSOCIATION OF REALTORS® hosts the “Real Estate Today Radio” show with award-winning broadcaster, Gil Gross. The “About” section says:

“Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.

On radio stations, satellite, and podcasts… even cell phones, Real Estate Today is your instant connection to the American Dream of home ownership.”

The Blog for this show is located at http://www.retradio.com/blog/ .

Today’s show covers the topics listed below:

Listen to today’s show, click the play button below!

http://www.denhamspringslarealestate.net/ – The Importance of Denham Springs Curb Appeal When Selling Your Home!

Baton Rouge Real Estate Agent, Glenda Daughety, had published a helpful article on the importance of Curb Appeal with some tips on how to improve your curb appeal to sell that home. Read her entire article here: The Importance of Curb Appeal. Buzz is providing a couple of snippets from her article:

“Most potential homebuyers make a decision about a house within the first 30 seconds. For example, simply driving by a well-kept single family home for sale in the Baton Rouge, Prairieville, Denham Springs Louisiana areas is often enough to cause people to pull over and make an immediate call to their realtor. That’s because an inviting exterior promises an inviting interior.”

Tips To Look Out For

“Look out for:

Visible mold or mildew on the house, roof, or sidewalks
Outdated exteriors
Yard clutter
Dirty gutters, siding, or windows
Chipped paint
How your home appears at dusk or even at night
Overgrowth in the yard or on the sidewalks
Dead plants or leaf piles
Overly personalized doormats”

Check Glenda’s Blog below!

Tags: denham springs, denham springs homes, denham springs homes for sale, denham springs houses, denham springs housing, Denham Springs Real Estate, Curb Appeal Denham Springs, Denham Springs Curb Appeal

http://www.denhamspringsappraisers.com/ – Denham Springs Real Estate: How Much Value Does Converting Garage To Living Area For A PCC or DR Horton Home in Subdivisions Like Richmond Place, South Point, Woodland Crossing and Westminister Estates?

If you’ve driven through the PCC Homebuilders and/or DR Horton Developments around Denham Springs, it’s likely that you’ve seen homes just like the one above with the garage converted to living area. As I drive through these developments for home appraisals, it seems like it makes sense to convert into this manner because a lot of these residents use their garages for storage and don’t park their autos in the garages. BUT, Is this a wise investment in terms of re-sale?

Continued. Let’s investigate here! This home was built new in 2002 and sold with 1,751sf. From the interior photos, the living conversion appears to have been completed “properly” to where this addition area was counted as living area, ie., the slab was raised to original home sale height, the flooring matches flooring in home, walls are sheetrock, decor is similar to original home and the central heat/air was upgraded for this additional 360sf to 400sf. There doesn’t appear to be a window unit in this living area.

Continued. After the “proper” conversion, this home has 2,131sf living area and recently sold for $164,900 or $77.38/sf in June of 2010. NOTE: It took over 295 days or approx. 10 months on the market to sell this home because the listing price began at $189,900 and was reduced to $178,900, $174,900, $171,900, $168,900 and finally $162,900. Apparently, the sellers had quite a sum invested into this home with the “proper” living area conversion cost. While the actual cost of the enclosure isn’t known, an estimate is somewhere in the $6,000 to $8,000 range.

Continued. I did some research of similar quality homes in similar developments noted in the title of homes in the 1675sf to 1775sf range and found an approximate value of $154,900 for a similar 1,751sf home. By this home in the photos selling for $164,900, this leaves a $10,000 spread. If the cost for the conversion was $8,000, then the seller might have either broke even or profited by $2,000, which may or may not have been worth the effort. NOTE: This appraiser could only find 2 examples of home re-sales with a similar conversion.

Continued. This South Point home with a similar conversion sold in elevated Post Hurricane Katrina era of 2007 for $167,500, when the market was stronger. This home originally had 1,613sf and sold with 2,010sf.

Continued. I did some research of similar quality homes in similar developments noted in the title of homes in the 1580sf to 1700sf range and found an approximate value of $148,000 for a similar 1,613sf home in that era of time. By this home in the photos selling for $167,500, this left a $19,500 spread, which indicates seller made a good profit. However, this was a different housing market back then in 2007.

Conclusion. Based on these two examples above, it appears that “properly” converting your garage to living area has resulted the sellers at least selling for enough to cover their cost and possibly even making a little extra for their effort.

Bill Cobb, Appraiser

http://www.southpointappraiser.com/ – Denham Springs Housing Statistics: South Point Subdivision August 2010

Solds In South Point from 1/2010 to 8/31/2010 revealed:
Average Sales Price: $147,476
Average Sold Price Sq. Ft.: $88/sf (-$5.33/sf Decline From 2009)
Median Sold Price: $149,500 (+4,500 Increase From 2009)
Number of Sales: 21
Low To High: $106,500 to $198,500
Number of Sold REO/Foreclosures Noted In MLS: 5
Current # Listings: 26 (NOTE: MORE LISTINGS THAN SALES)
Current Listings Prices: $103,500 To $198,900

The BIG Change is that while the Median Sales Price has increased +8.1%, the Average Sold Price Per Sq. Ft. has declined by -$5.33/sf. And, there’s more listings now than total sales in all of 2010.

Tags: denham springs, denham springs real estate, south point subdivision, denham springs real estate agents, denham springs realtor, denham springs realtors, denham springs housing, denham springs homes

http://www.batonrougerealestatebuzz.com/ – Greater Baton Rouge Real Estate News: Westminister Estates Housing Numbers Through August 2010

Greater Baton Rouge Real Estate News: Westminister Estates Housing Numbers Through August 2010 Westminister Estates Numbers! In 2010, there have been 8 total sales with an Average Sold Price of $149,438, Median Sales Price of $141,900, Average Sold Price per sq. ft. $91.90/sf and Average Days On Market 107 days. Data Used With Permission of GBRAR MLS. Data was extracted on 8/16/2010 from periods 1/1/2010 through 8/16/2010.

Tags: denham springs, denham springs homes, denham springs houses, westminister estates, homes in denham springs, denham springs homes for sale, homes for sale denham springs, denham springs realtors, denham springs real estate agents

http://www.batonrougerealestatebuzz.com/ – Denham Springs Real Estate Buzz: Greystone Golf Home For Sale 25600 Oakmont Ct 70726.

Kevin DeLaune, with RealtyStudioHD, delivers a new pro video listing for Coldwell Banker One Denham Springs Location Broker, Kayla Johnson.

Make sure you switch from “360p” to “480p” for higher quality! Enjoy!