Summerfield (Denham Springs, LA)
By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Comments 2
http://www.denhamspringsappraisers.com/ - Home Appraisers Denham Springs 2011 Housing Report Summerfield Subdivision Denham Springs 2011 Housing Numbers.  It used to be that homes in Summerfield sold in the $110/sf to $112/sf range.  That was then and this is a new housing market in 2011.   Here are the Summerfield Subdivision housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $192,380 in 2010 to $174,150 in 2011 or -9.5%. Median sales price was was down from $189,500 in 2010 to $175,000 in 2011 or -7.7%. However, the average sold price per sq. ft. was only down $2.42/sf or -2.45% from $98.58/sf to $96.16/sf.     Distressed Properties To Blame For Decline. I suspect part of this decline was due to 2 of the 5 total sales being 1 foreclosu...
By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Comments 0
http://www.denhamspringsappraisers.com/ - Denham Springs Home Appraisers: Summerfield Sudivision 2010 Price Trends Report!           NOTE: If you are considering purchasing a home in Summerfield Subdivision and don't want to pay too much, I would advise one to order a "Pre-Purchase Appraisal" from Accurate Valuations Group as there is a gradual and steady decline of home prices in Summerfield since 2007 meaning one shouldn't overpay for a home in Summerfield.  REO or Foreclosure and Short Sales activity is increasing in Summerfield in 2010 and into 2011 as this appraiser just this week appraised a foreclosure on Summerfield Drive. And, there is one (1) listing in Summerfield that is now pending and the listing history of this home brings the declining home prices to my attention.   Thi...
By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Comments 0
http://denhamspringsappraisers.com/ - Denham Springs FHA Appraisers Report On Summerfield Subdivision 70726 An MLS CMA of this Subdivision from 01/01/2007 to 12/31/2007 revealed:  Average Sales Price: $201,375Average Sold Price Per Sq. Ft.: $107.39Median Sold Price: $202,750Low Sales Price: $181,000High Sales Price: $219,000Average # of Days On Market: 88# of Sales: 4 An MLS CMA of this Subdivision from 01/01/2008 to 02/19/2009 reveals:  Average Sales Price: $225,725Average Sold Price Per Sq. Ft.: $107.33Median Sold Price: $248,000Low Sales Price: $184,900High Sales Price: $270,000Average # of Days On Market: 91# of Sales: 4Listing Price To Sales Price Ratio Has Been: 99% Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors)...
By Bill Cobb Appraiser, Greater Baton Rouge's Home Appraiser
(Accurate Valuations Group, LLC)
Comments 0
Denham Springs Real Estate Appraisers, William D. Cobb, CREA, Reports On Summerfield SubdivisionAn MLS CMA of this Subdivision from 04/12/2007 to 04/14/2008 reveals: The Average Sales Price: $198,080The Average Sold Price Per Sq. Ft.: $106.83/sfThe Median Sold Price: $198,000Low Sales Price: $181,000High Sales Price: $219,000Average # of Days On Market: 90 Days On Market# of Sales: 5Listing Price To Sales Price Ratio Has Been: 99.69%This information is presented with the permission of the Greater Baton Rouge Board of Realtors.Denham Springs Real Estate Appraisers
Denham Springs, LA Real Estate Professionals