/24-7PressRelease/ - BATON ROUGE, LA, April 13, 2007 - Denham Springs, Louisiana Real Estate News - Accurate Valuations Group Study Shows South Point Subdivision Pre & Post Hurricane Katrina Increases 22.5%
The Accurate Valuations Group Study shows the gain in average homes prices 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 Choose 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
William D. Cobb, IFA, with Accurate Valuations Group has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market (Baton Rouge, LA; Baker, LA; Zachary, LA; Greenwell Springs, LA; Denham Springs, LA; Walker, LA; Watson, LA; Livingston, LA; Prairieville, LA; Gonzales, LA; Geismar, LA; Sorrento, LA; Port Allen, LA; Brusly, LA; and Addis, LA). For more information on William D. Cobb, IFA and Accurate Valuations Group, please visit http://www.accuratevaluationsgroup.com and http://www.getfastvalue.com . Also, visit Bill's Blog @ http://www.getfastvalue.com/avgblog
This article was written with the assistance of R. Chandler Smith @ Http://www.cpappraisals.net
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