Denham Springs Housing Update April 2010 – Reporting Declining Prices and Move To Affordability!

http://www.denhamspringsappraisers.com/ – Denham Springs Housing Update April 2010 – Reporting Declining Prices and Move To Affordability!

Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!

denham springs homes update 2010 - Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!

This Denham Springs Housing Update proves what I’ve been saying for the past year – that the Denham Springs housing market is turning more affordable, to lower priced housing. The chart below shows the largest percentage of homes sold in Denham Springs in the $130,000 to $139,999 range. According to the Baton Rouge Business Report Weekly below, the March 2009 average sales price was $165,404 and $154,782 in March 2010, -6.42% decline.

Denham Springs Summary 2 4 1 2009 to 4 13 2010 - Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!

 

br businessreport - Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!Yesterday’s Baton Rouge Business Report Weekly Real Estate Update for March 2010 stated:

For the first time this year, more houses were sold locally in a month than were sold the year before. There were 596 homes sold in March, according to figures from the Greater Baton Rouge Association of Realtors Multiple Listing Service, compared with 594 MLS sales in March 2009. The average sale price also increased slightly, from $194,321 in March 2009 to $197,042. The gain was entirely driven by Ascension Parish, where there were 142 MLS sales in March, compared with 105 in March 2009. Average sale prices were down somewhat in Ascension, from $213,600 to $201,082. Sale prices were also down in Livingston Parish, where there were 91 sales, three fewer than in March 2009. The average sale price in the parish was $154,782, compared with $165,404 in March 2009. East Baton Rouge sales were down from 351 to 320, while the average sale price rose from $202,975 to $206,061. And in the other category, which includes MLS sales in the Felicianas, West Baton Rouge and Pointe Coupee parishes, the average sale price jumped up to $206,020, from $141,057, while the number of sales was virtually unchanged, from 44 in March 2009 to 43 last month.

Through the first quarter of 2010, 1,402 MLS sales have happened in the Capital Region, 2% less than the 1,431 sales in the first three months of 2009. The average sale price is $192,709, down slightly from the $193,216 figure in the first quarter 2009.

 

 

 

Related Posts Plugin for WordPress, Blogger... - Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!

Denham Springs Housing Update April 2010 - Reporting Declining Prices And Move To Affordability!

About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500