About Denham Springs' South Point

http://www.southpointappraiser.com/ - Denham Springs Real Estate News: South Point Subdivision 2008 Solds Update With Charts

Below is 2 recent charts I completed reporting on the 2008 solds within South Point Subdivision Year To Date. According to the GBRAR MLS, there have been 36 sales in 2008 YTD, with one being an REO/Foreclosure sale. This REO was left out of the charting below. South Point data is presented with the permission of GBRAR.

The first chart shows the relationship between sales prices and living area sizes. The living area size are at the bottom of the first chart.

The second chart shows the relationship between sold prices per sq. ft. and living area sizes. The sold prices per sq. ft. are at the bottom of the second chart.

Also, Here's a Recent South Point Homeowner's Assocation Update:

"In response to a request/suggestion made by a homeowner that attendance at the annual meeting would increase if the meeting was held on a weekend in lieu of a weekend evening, we are proposing that the 2009 Annual Meeting be scheduled for Saturday, January 10, 2009, at 10:00 - 11:00 a.m. Research is currently underway as to whether there are any major sports events on that date/time which may cause an attendance conflict for many homeowners. We would greatly appreciate everyone's feedback as to whether a weekend meeting is preferable. Please email your response indicating whether you prefer to attend a Saturday mid-morning meeting.

Please note: effective with the 2009 year (Bylaws, Amendment No. 8, Art. 4), the Board of Directors will be comprised of five members. Three of the current Board members will be retiring after serving their three year term. Therefore, two vacancies are open for election in 2009. If you are interested, please complete the attached Candidacy Notice. This form should be returned by the January 7, 2009 deadline in order that all nominees are included on the agenda and ballots. Should the date of January 10, 2009 change, the deadline date to return the Candidacy Notice will be changed accordingly. Please limit your response to this email with the question poised above. Emails on other concerns or subjects should be sent separately. Your cooperation is appreciated! Board of Directors
South Point Homeowner's Association, Inc.
P. O. Box 1496
Denham Springs, LA 70727-1496
225-610-9578
www.southpointsubdivision.com "

Denham Springs, Louisiana Real Estate News - Accurate Valuations Group Reports on South Point Subdivision

An MLS CMA of this Subdivision from 09/01/2007 to 04/26/2008 reveals:
The Average Sales Price: $147,065
The Average Sold Price Per Sq. Ft.: $92.84/sf
The Median Sold Price: $150,000
Low Sales Price: $106,000
High Sales Price: $189,000
Average # of Days On Market: 41 Days On Market
# of Sales: 40

South Point Subdivision Statistics Used With The Permission Of The Greater Baton Rouge Board of Realtors

Accurate Valuations Group Appraiser, William D. Cobb, has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market. For more information on Accurate Valuations Home Appraisal Group, visit Denham Springs Home Appraisals.

How Many Homes Are On The Market In South Point Subdivision?

Well, according to the Greater Baton Rouge Board of Realtors, there are 38 homes on the market. There are 30 active MLS listings, 1 contingent listing (contingent means the home is under contract but the buyer must sell their own home before they can buy this home) and 7 pending listings (homes under contract for purchase). The average days on the market for all pending homes is 72 days or just under 3 months.

The Average Listing Price: $164,471 or $92.50/sf
The Average Pending Listing Price $150,000 or $96.17/sf
The Median Listing Price: $165,000
Low Listing Price: $128,000
High Listing Price: $244,000

On the http://www.fsbobr.com/ site, there are 6 South Point home listed, from $130,000 up to $189,000.

So, there are approx. 44 homes for sale in South Point S/D, which is approx. 16% of the homes in the entire subdivision. MLS only notes 1 REO or foreclosure listing for $160,000 on 23862 Waterford Ct, which is priced almost at market pricing (not discounted to the market to get this home sold).

Accurate Valuations Group Appraiser, William D. Cobb, has operated as a home appraiser for 15 years now primarily in the Greater Baton Rouge, Louisiana market. For more information on Accurate Valuations Home Appraisal Group, visit Denham Springs Home Appraisals.