Archive for January, 2012
January 25th, 2012 | 
Author: 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.
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 7 of the 15 total sales being foreclosures or 47% of total sales. This means that of the 15 total home sales, 7 were in some form of distress.
Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.
The statistics below are based on the same GBRMLS data and reveal totally different results, which may not be accurate based on the actual MLS chart above.
Dec-10 vs. Dec-11: The median sold price is down 11%
Dec-10 vs. Dec-11: The median price of for sale properties is up 3% and the median price of sold properties is down 11%
Dec-10 vs. Dec-11: The number of Sold properties has not changed
Dec-10 vs. Dec-11: The number of Under Contract properties is down 100%
Dec-10 vs. Dec-11: The number of New properties is down 50%
Dec-10 vs. Dec-11: The number of For Sale properties is down 44%
Dec-10 vs. Dec-11: The number of Expired properties is down 100%
Dec-10 vs. Dec-11: The number of for sale properties is down 44% and the number of sold properties has not changed
Dec-10 vs. Dec-11: The average days on market is down 100%
Dec-10 vs. Dec-11: The average months supply of inventory is down 100%
Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report
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Posted in 
http://www.denhamspringsappraisers.com/ – RE/MAX Chairman and Co-Founder, Dave Liniger, reveals his top 10 predictions for the U.S. real estate market for 2012.
As the country shakes off the effects of the worst economic recession in recent history, RE/MAX Chairman and Co-Founder Dave Liniger sees good news for homebuyers and sellers in 2012. Source: YouTube http://www.youtube.com/watch?v=I-mqj4iZlOs
Sphere: Related Contenthttp://www.denhamspringsrealestateminute.com/ – The 2012 Way To View Denham Springs Real Estate Housing Market News
Check out Denham Springs Real Estate News – The Scoop On Denham Springs Residential Housing News on Scoop.It , Curated by Baton Rouge Housing Reports Dot Com
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