http://www.southpointappraiser.com/ – FHA Appraisers Denham Springs Report On South Point Subdivision Statistics For 2009 Based On Both Average and Median Sales and Listing Prices. 

South Point Subdivision is a single-family dwelling subdivision, located off of La. Hwy. 16 South. Just five miles from the Denham Springs exit off of I-12 or three miles from the Juban Road exit. South Point Subdivision is conveniently located outside of Denham Springs’ city limits, providing a feel of country living with the benefit of amenities and services available only minutes down the road.  Within all phases, South Point totals approx. 645 homes.  The original builder was PCC Homes until PCC sold the remaining lots to DR Horton Gulf Coast shortly after Hurricane Katrina.  
 

AVERAGE SALES & LISTING PRICES FROM 11/2008 to 11/2009:

MEDIAN SALES & LISTING PRICES FROM 11/2008 to 11/2009:

Tags: Denham Springs, Denham Springs Appraisers, Denham Springs FHA Appraisers, South Point Subdivision

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.