Western Livingston Parish Flood Sales Trends Update June 2017, a post Great Flood August 2016 Study Of Flooded-Gutted Sales as well as Flood-Renovated Sales in Greater Baton Rouge (Western Livingston Parish Suburb). Study by Bill Cobb Appraiser

1. DENHAM SPRINGS
Post Great Flood Sales Of Repaired or Renovated Homes
JUNE
2017
82TOTAL
SALES
$179,000
Average Sales
price
SALES
As-Is "Currently Damaged" Flood Sales Facts:
78%
22%64 Sales
sold for $12.94/sf
more than pre-flood
median sales prices
in sub-divisions.
18 Sales
sold for $7.28/sf less
than pre-flood median
sales prices
in sub-divisions
(after concessions have
been deducted).
$109/sq. ft
Average Sales
price per sq. ft
(after concessions have
been deducted).
31days
Listings were on
the market for an
average of
45days
All pending sales
were closed within
an average of.
Of the 64 sales sold for $12.94/sq ft
MORE, they sold on average for $175,810
Of the 18 sales sold for $7.24/sq ft LESS,
they sold on average for $190,550
It appeared in higher priced properties,
the higher educated, higher income and
with more options (less desperate),
potential buyers were less likely to buy
flood rehabs, and/or paid less after they
remained on the market for much
longer than average than lower priced
rehabs. Not in all cases, but enough
based on 18 sales above and current
pendings.
OBSERVATIONS
Source: Based on on information from Greater Baton Rouge Association of REALTORS MLS from 8/20/2016 to 6/18/2017, extracted
on 6/18/2017. MLS Areas 81, 82 & 83, DSF Homes in Western Livingston Parish. Published by Bill Cobb Appraiser 225-293-1500
DenhamSpringsAppraisers.com
Published by Bill Cobb Appraiser | 225-293-1500 | BatonRougeAppraisers.com
145 Average Listing
pricesales
*so far
$81,692
Average Sales
price
$73,164
90%
Average Sales
price per sq. ft
Sold for an
Average
of Listing
price
$47.59
Average loss in
home value
per sq. ftper sq. ft
$43
With a strong growing community and #3
school district in State ranking, the vast
majority of flooded residents have remained
to rebuild in their commitmment to bright
future of Livingston Parish!
The Good News!