Easterly Lakes Denham Springs Home For Sale: 36361 Stanton Hall 4 Bedrooms 2.5 Baths. View complete listing here

View Complete Photo Tour Here: http://www.papiliostour.com/1/196

http://www.youtube.com/watch?v=PmVSYjXoy8M

“BEAUTIFUL TOWERING PALM TREES GRACE THE EXTERIOR OF THIS GREAT HOME. This 4 bedroom 2 bath home features a split bedroom design for master suite privacy. There is also Rich Crown Molding throughout this great home. The spacious open floor plan shows off the open airy kitchen, dining, breakfast and living room areas. The kitchen has black modern appliances, white cabinets, breakfast bar, pantry and dining area with windows overlooking the backyard. The spacious living room features wood flooring, a fireplace with a custom built mantle, recessed lighting and a wall of windows also overlooking the fenced backyard. The large master bedroom with tray ceiling adjoins the luxurious master bath suite complete with a garden whirlpool tub, separate shower, double faux marble sea shell design vanities and a walk-in closet. The other 3 bedrooms are of nice size and are carpeted. Great Location, Great Neighborhood, Great Schools, Great Price. Oh! Did I fail to mention that a new Wal-Mart store just opened in the area? Make your appointment now for your own private showing.” per Agent

View additional information and ask the realtor any questions by visiting http://realtyshowcase.tv/22016

Listing Provided by Darren James Real Estate Experts . with Darren James Real Estate Experts

Disclaimer: Prices and information may have changed since this posting, please use link for latest details.

http://denhamspringsappraisers.com/- Denham Springs FHA Appraisers 2012 Report On Easterly Lakes Subdivision 70706. Easterly Lakes values aren’t nearly what they used to be and won’t return to post Hurricane Katrina pricing anytime soon! Sales activity is very slow in 2012. However, there are 3 pending or under contract listings. And, a Real Estate Investors not so great a success in Easterly Lakes all below. I’m currently working on Pre-Listing Appraisal where the buyer in 2006 will take a substantial loss selling in 2012.

Solds from 01/01/2011 to 12/31/2011 revealed:
Average Sales Price: $233,200
Average Sold Price Per Sq. Ft.: $97
Median Sold Price: $219,900
Average # of Days On Market: 199
# of Sales: 7
Listing Price To Sales Price Ratio Has Been: 96%

Solds from 01/01/2012 to 03/31/2012 reveals:
Average Sales Price: $187,000
Average Sold Price Per Sq. Ft.: $103.09
Median Sold Price: $187,000
Low Sales Price: $187,000
High Sales Price: $187,000
Average # of Days On Market: 95
# of Sales: 1
Listing Price To Sales Price Ratio Has Been: 96%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Easterly Lakes, market direction appears to be declining. It’s difficult to call trend based on only 1 sale though. And again, there are at least 3 pending listings, which may be closing soon to provide better evidence of market direction. One of the pendings is at $111.80/sf (very high price and it will be very interesting to see IF it appraises….based on support, I expect a low appraisal) and another is a short sale listed at $97.37/sf.

Real Estate Investors not so great a success in Easterly Lakes. This home below is located on Page Drive and sold in November 2006 for $195,000 and then in June 2010 for $145,000 as a distressed sale. Perhaps up to $30,000 was invested for renovation where it sold in 2012 for $187,000 or $103.69/sf. IT TOOK 423 DAYS To Sell This Home! The main reason it was on the market for 423 days is because it was listed for $200,000 and then $195,000 for only 1,814sf or $110.25/sf to $107.50/sf. That kind of support no longer exist as of the writing of this market update. This was a case of a “SELLER IN DENIAL”!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2010 to March 31, 2012. This information was extracted on 04/01/2012. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!

Livingston Parish Home Sales Still In Correction Mode For 2012, Declining

For Livingston Parish, These are important numbers!

LIVINGSTON PARISH SPECIFIC.

Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%.

For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%.

Average Sold Price was unchanged.

Median Sold Price DOWN -$1,900 or -1%. We’re Still In CORRECTION MODE in Livingston Parish.

Denham Springs Home Sales Numbers Update Through Febuary 29, 2012.

DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012….there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%.

DECLINING SALES PRICES!

Of these 115 sales, average and median were $145,054 and ONLY $135,000. In 2011 same period, average and median were $150,276 and $139,450.

For Livingston Parish, These are important numbers!

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012.

Gbrmls Monthly Comparison Numbers Home Sales February 2011 versus 2012

Presented by Bill Cobb, Appraiser, Greater Baton Rouge’s Housing Reporter

http://www.denhamspringsappraisers.com/ – Denham Springs Home Sales Numbers Update Through Febuary 29, 2012.

DENHAM SPRINGS SPECIFIC. Specifically for Denham Springs MLS Areas 81 & 83, through end of February 2011 vs 2012….there were 98 sales in 2011 vs 115 sales in 2012, an increase of 17 sales or +17.4%.

DECLINING SALES PRICES!

Of these 115 sales, average and median were $145,054 and ONLY $135,000. In 2011 same period, average and median were $150,276 and $139,450.

For Livingston Parish, These are important numbers!

LIVINGSTON PARISH SPECIFIC. Livingston Parish Home Sales Feburary 2011 72 versus Feb. 2012 86, an increase for Feb 2012 of 14 sales or 19%.

For Livingston Feb 2011 vs Feb 2012, dollar sold volume was up $2,035,854 or +19%.

Average Sold Price was unchanged.

Median Sold Price DOWN -$1,900 or -1%. We’re Still In CORRECTION MODE in Livingston Parish.

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2012 to February 29, 2012. This information was extracted on Sunday 03/03/2012.

http://www.gbrprelistingappraisals.com/ – What’s Your Denham Springs Home Worth? Pre-Listing Appraisals Provide Answers! Order a GBR Pre-Listing Appraisal here.

Confused About Listing Your Home? Whether Listing FSBO (For Sale By Owner) or With A Local Real Estate Agent, You Need A Pre-Listing Appraisal! WHY? Watch The Video Below! ANSWER: To Make Sure That A Real Estate Professional Measures Your Home Based on National ANSI Standards For Accurate Living Area Size and Then Prices Your Home Based On That Accurate Size.

Baton Rouge Home Sellers And Buyers Lose Money or Pay Too Much Without Listing Appraisal. Order A Pre-Listing Appraisal So You Don’t Undersell Your Home. Order A Pre-Purchase Appraisal So You Don’t Over Pay For A Home!

Accurate Valuations Home Appraisal Group (AVG) Serves The Greater Baton Rouge Metroplex With Boundaries North by Zachary, South by Sorrento, West by Port Allen and East by Livingston.
Contact Information:
Accurate Valuations Home Appraisal Group
P.O. Box 40515, Baton Rouge, LA 70835
Baton Rouge Office: 225.293.1500
Toll Free: 1.888.678.3544
Toll Free Fax: 1.866.663.6065
Denham Springs Office – Local #: 225.709.6013
Staff Email: fastvalue2@cox.net
Website: http://www.accuratevg.com/

http://www.gbrprelistingappraisals.com/

http://www.gbrprepurchasehomeappraisals.com/

New Way To View Denham Springs Real Estate Housing News

The Scoop.It site is a new way to view a curated method of viewing local housing news and national news that impacts local housing. From videos to new listings to hoousing studies.

http://www.scoop.it/t/denham-springs-real-estate-news/

Woodland Crossing Subdivision Housing Market Report

Hi Bill Cobb, you’re a local Home Appraiser with Accurate Valuations Group 225-293-1500. I understand you just completed a home appraisal in my Denham Springs Subdivision, Woodland Crossing, last week?

Yes Cassie, that’s correct. You know, that’s a very large subdivision with how many homes? Like 750 Homes?

Yes, approximately 750 homes. Bill, value wise how is my subdivision doing during this local housing market correction? I heard 2011 was the Year of Correction for Greater Baton Rouge housing. I mean, aren’t home values still declining locally?

Yes Cassie, 2011 was the year of correction where GBR home values finally corrected from Post Hurricane Katrina highs. Based on a recent YouTube video from Livingston Parish Tax Assessor, Jeff Taylor, http://www.youtube.com/watch?v=zfa48ipb23w , a majority of Western Livingston Parish has experienced home price declines. Woodland Crossing continues to decline from 2008 highs of a median sales price of $156,000. From 2009 to 2012 Year To Date, the median sales prices has has declined to $147,400, $149,150, $139,900 and now $139,000 in 2012. The Average Sales Price has declined from $89/sf in 2008 to $84/sf in 2011 and $87/sf in 2012. In 2011, there were 47 sales, so sales aren’t necessarily slowing down. However, in 2012, the 5 sales this year have taken 237 days on the market to sell.

Wow Bill! 237 days is a long time. My, Woodland Crossing is still correcting. Bill, it seems like new homes are still being built, but they are smaller in size. Why is that?

Cassie, I believe it’s because the larger, more expensive homes in Woodland Crossing are less in demand and take longer to sell. Those are the types of homes that sit longer on the market and builders need to sell inventory fast to build more homes. For instance, the 5 home sales so far in 2012 took an average of 237 days to sell and averaged 1,603sf. However, the median sales price is $139,000, meaning more of the smaller 1200sf to 1500sf are being built and sold. As more and more new home inventory is added and sold at lower prices, this drags down the home prices of those that have already purchased homes in Woodland Crossing. So many new homes still being built is part of the reason home prices keep dropping.

Bill Cobb Appraiser, thank you so much for your insight into local housing trends. I now better understand what’s taking place in my subdivision! If I need a home appraisal in the future, how do I contact you?

Cassie, my contact information is 225-293-1500, email is info@accuratevg.com and website is www.accuratevg.com

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to February 18, 2012. This information was extracted on February 18 2012. This video is based on analysis of local housing numbers and trends.

http://www.youtube.com/watch?v=2DEnNQPSVls

Denham Springs Housing News: South Point Subdivision Denham Springs 2011 Housing Numbers.

South Point Subdivision Denham Springs 2011 Housing Numbers by Bill Cobb and Accurate Valuations Group.

Hi Bill Cobb, you’re a local Home Appraiser with Accurate Valuations Group 225-293-1500. I understand you just completed a home appraisal in my Denham Springs Subdivision, South Point, last week.

Yes Jill, that’s correct. You know, that’s a very large subdivision with how many homes. Like 700 Homes.

Yes. Bill, value wise how is my subdivision doing during this local housing market correction. I heard South Point values were down more than Woodland Crossing and other similar subdivisions.

Yes Jill, 2011 was the year of correction where GBR home values finally corrected from Post Hurricane Katrina highs. Based on a recent YouTube video from Livingston Parish Tax Assessor, Jeff Taylor, a majority of Western Livingston Parish has experienced home price declines. South Point continues to decline from 2008 highs when the median sales price was $151,500. From 2008 to 2011 Year To Date, median sales prices declined to $151,500 and now $129,000 in 2011. Average Sales Price has declined from $93/sf in 2009 to just $83/sf in 2011 based on 31 sales. So sales aren’t slowing down.

Wow Bill. South Point is still correcting. Bill Cobb Appraiser, thank you so much for your insight into local housing trends. I now better understand what’s taking place in my subdivision! If I need a home appraisal in the future, how do I contact you.

Jill, my contact information is 225-293-1500, email is info@accuratevg.com and website is www.accuratevg.com

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2008 to December 31, 2011. This information was extracted on January 16 2012. This video is based on analysis of local housing numbers and trends.

http://www.youtube.com/watch?v=hEdBqmxsro4

http://batonrougehousingreports.com/ – Jeff Taylor Livingston Parish Tax Assessor Talks About 2011 Real Estate Roll

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