http://www.denhamspringsappraisers.com/ – Western Livingston Parish Quarterly Sales By Zip Code Q1 2010 versus Q1 2011 Results

Accurate Valuations Group (Home Appraisals) has completed an analysis of the Western Livingston Parish housing market from First Quarter 2010 versus First Quarter 2011. The results are below.

70726. For Zip Code 70726, home sales volume was down 24%, Average Sales Price was up 3% and Average Sold Price Per. Sq. Ft. was down 9%.

70706. For Zip Code 70706, home sales volume was up 30%, Average Sales Price was down 8% and Average Sold Price Per. Sq. Ft. was down 12%.

70785. For Zip Code 70785, home sales volume was up 47%, Average Sales Price didn’t change and Average Sold Price Per. Sq. Ft. was down 3%.

70754. For Zip Code 70754, home sales volume was down 37%, Average Sales Price was up 18% and Average Sold Price Per. Sq. Ft. was up 7%.

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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 knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/

http://www.woodlandcrossingappraiser.info/ – Denham Springs Appraisers Woodland Crossing Subdivision First Quarter 2011: Home Prices Decline Based On Five (5) Foreclosures! South Point Subdivision is also experiencing a similar decline. However, if these 5 foreclosures are removed from analysis, the Average Sales Price in 2011 has been $150,432, Median $165,275, Average Sold Price $83.37/sf, which is still a decline.

Recap of 2008 through 2011 Woodland Crossing Housing Numbers:

So, from 2008 to 2011, median sales prices have ranged from $156,000, $147,000, $149,000 down to $135,000 in 2011, rounded to nearest 1000. Sold price per sq. ft. continues to decline from $92/sf in 2010 down to only $78/sf in 2011 rounded. 2011 represent 13 sales and only represent one quarter of housing sales numbers, not an entire year.

YEAR-TO-DATE SOLDS 2011 (Note Chart shows 13 sales, MLS Search Reveals 14 Sales):

Solds In Woodland Crossing from 1/1/2011 to 04/04/2011 revealed:
Average Sales Price: $141,763
Average Sold Price Per Sq. Ft.: $78.74
Median Sold Price: $134,735
Number of Sales: 14
Average Days On Market: 82
Low To High: $109,900 to $176,990
Number of Sold REO/Foreclosures Noted In MLS: 5

Five (5) foreclosures took place selling for $115,000 or $76/sf for 1505sf, $118,000 or $74/sf for 1600sf, $118,900 or $63/sf for 1908sf, $124,000 or $62/sf for 1998sf and $154,900 or $77/sf for 1999sf.

NUMBER OF SALES IN 2010 VERSUS 2009 YTD: -35% Decline! In 2009 there were 73 sales and in 2010 there were 43 sales. So, there were 30 less sales in 2010 than 2009 or -41% in home sales volume. With 14 2011 Sales in Q1, if this trend continues, there should be 50 to 56 sales for 2011, which would be an improvement from 2010.

CURRENT LISTINGS AS OF 04/04/2011:

Current # GBRMLS Listings: 45, 1 REO/Foreclosure Listing and 1 Short Sale Listing. Current Listings Prices: $110,000 To $199,900, Average Listing Price $90.72/sf. Listing Prices per square foot range from $56/sf up to $109/sf.

TIME TO APPEAL YOUR LIVINGSTON PARISH PROPERTY TAXES? With this continued trend in lower sales prices in Woodland Crossing Subdivision, is it is time to appeal your property taxes? You can look up your tax assessment here and find out what your home is assessed for, see below.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to April 4, 2011. This information was extracted on 04/03/2011.

Tags: denham springs homes, denham springs homes for sale, denham springs houses, denham springs housing, Denham Springs Housing Study, Denham Springs Real Estate, denham springs real estate agents, denham springs realtor, denham springs realtors, Livingston Parish Building Permits, Livingston Parish Real Estate, Livingston Parish Residential Building Permits, Western Livingston Parish

http://www.southpointappraiser.com/ – Denham Springs Appraisers South Point First Quarter 2011: Home Prices Continue Decline!

Recap of 2008 through 2011 South Point Housing Numbers:

So, from 2008 to 2011, the median sales prices have ranged from $151,500, $145,000, $150,750 down to $128,000 in 2011. Sold price per sq. ft. continues to decline from $87/sf in 2010 down to $83/sf in 2011 rounded.

YEAR-TO-DATE SOLDS 2011:

Solds In South Point from 1/1/2011 to 04/03/2011 revealed:
Average Sales Price: $126,133
Average Sold Price Per Sq. Ft.: $82.75
Median Sold Price: $128,000
Number of Sales: 9
Average Days On Market: 102
Low To High: $100,000 to $155,900
Number of Sold REO/Foreclosures Noted In MLS: 3

NUMBER OF SALES IN 2010 VERSUS 2009 YTD: -35% Decline

In 2009 there were 37 sales and in 2010 there were 24 sales. So, there were 13 less sales in 2010 than 2009 or -35% in home sales volume.

CURRENT LISTINGS AS OF 04/03/2011:

Current # GBRMLS Listings: 24, 5 REO/Foreclosure Listing, 21% of Listings Are Foreclosures! Current Listings Prices: $85,400 To $185,000, Average Listing Price $92.94/sf. $85,400 Listing Price is one of the lowest I’ve ever seen in South Point. Listing Prices per square foot range from $70/sf up to $110/sf.

TIME TO APPEAL YOUR LIVINGSTON PARISH PROPERTY TAXES? With this continued trend in lower sales prices in South Point Subdivision, is it is time to appeal your property taxes? You can look up your tax assessment here and find out what your home is assessed for, see below.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to April 3, 2011. This information was extracted on 04/03/2011.

Tags: denham springs homes, denham springs homes for sale, denham springs houses, denham springs housing, Denham Springs Housing Study, Denham Springs Real Estate, denham springs real estate agents, denham springs realtor, denham springs realtors, Livingston Parish Building Permits, Livingston Parish Real Estate, Livingston Parish Residential Building Permits, Western Livingston Parish

http://www.southpointappraiser.com/ – Denham Springs South Point August 2010 Update: Number of Sales And Price Per Sq. Ft. Down! There was only 1 sale in November 2010. Sold Price Per Sq. Ft. Down $7.47/sf in 2010 or -8%.

NOVEMBER 11/1/2010 to 11/30/2010: Only 1 GBRMLS Sale. 23862 Waterford Ct, with 1,908sf sold for $152,900 or $80/sf.

YEAR-TO-DATE SOLDS:

Solds In South Point from 1/1/2010 to 12/02/2010 revealed:
Average Sales Price: $150,723
Average Sold Price Per Sq. Ft.: $86.74 (Avg through 11/09 $94.21)
Median Sold Price: $152,450
Number of Sales: 24
Average Days On Market: 84
Low To High: $106,500 to $198,500
Number of Sold REO/Foreclosures Noted In MLS: 5

NUMBER OF SALES IN 2010 VERSUS 2009 YTD: -29.4% Decline

In The Number Of Sales From 1/1/09 – 11/30/09 to 1/1/10 – 11/30/10. In 2009 there were 34 sales at this point and in 2010 there have been 24 sales. So, there have been 10 less sales or -29.4% in home sales volume.

CURRENT LISTINGS AS OF 12/02/2010:

Current # GBRMLS Listings: 21, 3 REO/Foreclosure Listing
Current Listings Prices: $89,000 To $210,000, Average $90/sf. $89,000 Listing Price is one of the lowest I’ve ever seen in South Point. Listing Prices per square foot range from $71/sf up to $110/sf.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2009 to December 2, 2010. This information was extracted on 12/02/2010.

Tags: Denham Springs, Denham Springs Housing Study, Denham Springs Real Estate, South Point, South Point Subdivision, DR Horton, 70726, Livingston Parish, Western Livingston Parish

http://www.appraisersindenhamsprings.com/ – Denham Springs Westminister Estates August 2010 Update: Number of Sales Up And Price Per Sq. Ft. Down!

There were NO MLS SALES in August 2010. Sold Price Per Sq. Ft. Down $3.66/sf in 2010 or -3.8%.

YEAR-TO-DATE SOLDS:

Solds In South Point from 1/1/2010 to 8/31/2010 revealed:
Average Sales Price: $150,040
Average Sold Price Per Sq. Ft.: $92.63 (Avg through 8/09 $96.29)
Median Sold Price: $144,450
Number of Sales: 10
Average Days On Market: 57
Low To High: $121,900 to $189,900
Number of Sold REO/Foreclosures Noted In MLS: 2

NUMBER OF SALES IN 2010 VERSUS 2009: -12.5% Decline

In The Number Of Sales From 1/1/09 – 8/31/09 to 1/1/10 – 8/31/10. In 2009 there were 7 sales at this point and in 2010 there have been 10 sales. So, there have been 3 more sales or +43% in home sales volume. However, 2 of these sales were attributable to foreclosure activity.

CURRENT LISTINGS AS OF 9/8/2010:

Current # GBRMLS Listings: 9, 0 or Zero REO/Foreclosure Listings
Current Listings Prices: $138,500 To $178,900, Average $87.73/sf.

NOTE: Data Used With Permission of the GBRAR GBRMLS. Data was extracted on 9/9/2010 from periods 1/1/2009 to 8/31/2009 and 1/1/2010 through 9/8/2010.

http://www.southpointappraiser.com/ – Denham Springs South Point August 2010 Update: Number of Sales And Price Per Sq. Ft. Down! There was only 1 sale in August 2010. Sold Price Per Sq. Ft. Down $7.66/sf in 2010 or -8%.

AUGUST 8/1/2010 to 8/31/2010: Only 1 GBRMLS Sale. 23944 Teakwood Dr, with 1,134sf sold for $106,500 or $94/sf.

YEAR-TO-DATE SOLDS:

Solds In South Point from 1/1/2010 to 8/31/2010 revealed:
Average Sales Price: $147,476
Average Sold Price Per Sq. Ft.: $88.24 (Avg through 8/09 $95.90)
Median Sold Price: $149,500
Number of Sales: 21
Average Days On Market: 85
Low To High: $106,500 to $198,500
Number of Sold REO/Foreclosures Noted In MLS: 5

NUMBER OF SALES IN 2010 VERSUS 2009: -12.5% Decline

In The Number Of Sales From 1/1/09 – 8/31/09 to 1/1/10 – 8/31/10. In 2009 there were 24 sales at this point and in 2010 there have been 21 sales. So, there have been 3 less sales or -12.5% in home sales volume.

CURRENT LISTINGS AS OF 9/8/2010:

Current # GBRMLS Listings: 22, 1 REO/Foreclosure Listing
Current Listings Prices: $115,000 To $198,900, Average $90/sf.

NOTE: Data Used With Permission of the GBRAR GBRMLS. Data was extracted on 9/8/2010 from periods 1/1/2010 through 9/8/2010.

http://www.woodlandcrossingappraiser.info/ – Denham Springs Woodland Crossing August 2010 Update: Number of Sales Down, Price Per Sq. Ft. Up! There was only 1 sale in August 2010.

AUGUST 8/1/2010 to 8/31/2010: Only 1 GBRMLS Sale. 12309 Pinebrook Dr, with 1,620sf sold for $144,000 or $88.89/sf.

YEAR-TO-DATE SOLDS:

Solds In Woodland Crossing from 1/1/2010 to 8/31/2010 revealed:
Average Sales Price: $149,057
Average Sold Price Per Sq. Ft.: $93.80 (Avg through 8/09 $90.74)
Median Sold Price: $147,535
Number of Sales: 40
Average Days On Market: 94
Low To High: $118,900 to $210,000
Number of Sold REO/Foreclosures Noted In MLS: 2

NUMBER OF SALES IN 2010 VERSUS 2009: -15% Decline

In The Number Of Sales From 1/1/09 – 8/31/09 to 1/1/10 – 8/31/10. In 2009 there were 47 sales at this point and in 2010 there have been 40 sales. So, there are 7 less sales or -15% in home sales volume.

CURRENT LISTINGS AS OF 9/8/2010:

Current # GBRMLS Listings: 42, 4 REO/Foreclosure Listing
Current Listings Prices: $115,900 To $199,900, Average $89/sf.

NOTE: Data Used With Permission of the GBRAR GBRMLS. Data was extracted on 9/8/2010 from periods 1/1/2010 through 9/8/2010.

http://www.denhamspringslarealestate.net/ – Livingston Parish Sees Higher Priced Homes Decline In Sales Volume and Pricing!

According to Tom Cook and the Baton Rouge Business Report Weekly this week,

“The largest increase in the volume of sales took place in Livingston Parish in the $100,000 to $150,000 price range. From March 2008 to February 2009, there were 107 sales in this price range. From March 2009 to February, there were 221 sales in this price range. This represents an increase of 106%. Homes in the $200,000 to $250,000 price range decreased in volume by nearly 9% from March 2009 to February. Home sales in the $200,000 to $250,000 price range fell 22% from March 2008 to February 2009.”

This is one point I fully agree with and see in this market. The Denham Springs and Walker markets from $200,000 to $300,000, where new home pricing is above $115/sf, have been way oversupplied for at least the past year. This is one of the reasons that Juban Parc became the “New Juban Parc” because Denham Springs isn’t really a higher end housing market. In fact, since 4/2009, only 13% of home sales have been above $200,000. The developers and builders both expected too high of potential sales prices in the western Livingston Parish market, especially in the Walker market. This could be one reason that Autumn Run is being finished out by Vicknair Builders.

82 Competing Listings Is An OverSupply!

Currently in the GBRAR MLS, there are 82 competing listings in this price range. The search parameters were: $200,000 to $300,000, 1600sf to 3000sf, Ages New to 4-5 Years Old, Extracted on 4/14/2010.