Denham Springs, LA

WBRZ and the Advocate held a morning interview on Wednesday, February 18 with Livingston

Parish President Mike Grimmer regarding the stimulus bill impaction on Livingston Parish.

During the interview, Parish President Mike Grimmer discussed the hope of the stimulus bill

impaction on the parish along with other parish possibilities. Mr. Grimmer also spoke about

the I-12 project, the North Oak Hospital project(Satsuma/Summa Crossing), and the Our

Lady of the Lake property purchase of 210 acres (Walker). Mr. Grimmer also elaborated

on the current and projected growth path of Livingston Parish.

As a resident of the parish I feel the Stimulus Bill would be a great assistance for a fast

growing Livingston Parish.

For complete viewing of the interview, log on to the following link http://tinyurl.com/awdzdm

Yesterday President Obama signed into effect the Economic Stimulus Act. A portion of that is targeted to help the failing housing market and stabilize values in neighborhoods, by giving first time homebuyers a tax credit. Some Things to Know: (1) First Time Homebuyers for Principal Residence (2) Calendar year 2009 only (3)There are Income Limits. (4) It's Refundable even if you don't have that much tax liability (5) Buyers have to own the home for at least 3 years or return the credit if they sell early. While more details of this opportunity will be forthcoming, here's a summary to get you started planning from U.S.News and World Report's Luke Mullins.

Don't wait! With record low interest rates combined with this tax incentive, there's never been a better time to own your first home!

http://fhaappraisersbatonrouge.com/ - FHA Appraisers Study Livington Parish Denham Springs 70706

Solds in Richmond Place Subdivision from 01/01/2007 to 12/31/2007 revealed:
Average Sales Price: $162,993
Average Sold Price Per Sq. Ft.: $88.97
Median Sold Price: $164,000
Low Sales Price: $145,000
High Sales Price: $194,900
Average # of Days On Market: 48
# of Sales: 35

Solds in Richmond Place Subdivision from 01/01/2008 to 02/02/2009 reveals:
Average Sales Price: $154,068
Average Sold Price Per Sq. Ft.: $88.58
Median Sold Price: $154,500
Low Sales Price: $135,000
High Sales Price: $186,000
Average # of Days On Market: 118
Average Size Home: 1,757sf
# of Sales: 22
Listing Price To Sales Price Ratio Has Been: 97.82%
Does not exclude any REO sales.

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) withinRichmond Place Subdivision, the market direction appears to be decreasing. The Average Sales Price has decreased by -$8,925 or -5.48%. The Median Sales Price has decreased by -$9,500 or -5.79%. The Average Sold Price Per Sq. Ft. has decreased by -$0.39/sf or less than 1%.

Author's Bio:

Bill Cobb, CREA, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 17 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill's company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500, Cell: 225-953-0638

Fax: 1-866-663-6065

fastvalue2@cox.net

If you haven't visited Denham Springs, Watson, Walker, or other areas of Livingston Parish lately, you will find many new interest spots and many new subdivisions. One of the now established firsts was the Bass Pro Shop off the Denham exit of I-12. There you can get just about anything you need for fishing, hunting, and outdoor activities. Just down the road from the Bass Pro Shop at the Juban exit, there are plans for a shopping center and you'll see new subdivisions popping up.

One of these subdivisions is Clearlake. These garden style homes are clustered around the banks of some beautiful finger lakes. Many have decks where you can catch fish like the one this resident caught.

Ah, yes, and getting there.... The Livingston Parish News in its top 10 stories of 2008 highlighted the development of roads in the parish:

"The best thing to come to Livingston Parish from the surge in oil prices last year was a $100 million appropriation to widen I-12 east of O'Neal Lane into Livingston Parish. The fastest-growing parish in Louisiana received record attention....Other major projects benefitting our area includes the completion of a widening project for La. 16, now four-lane all the way from Watson to the interstate. Also, a new Florida Boulevard bridge across the Amite River is under construction"

http://denhamspringsappraisers.com/- Denham Springs FHA Appraisers Report On Easterly Lakes Subdivision 70706

Solds from 12/12/2006 to 12/12/2007 revealed:
Average Sales Price: $243,092
Average Sold Price Per Sq. Ft.: $112.94
Median Sold Price: $235,000
Low Sales Price: $192,000
High Sales Price: $360,000
Average # of Days On Market: 63
# of Sales: 13

Solds from 12/12/2007 to 12/12/2008 reveals:
Average Sales Price: $243,670
Average Sold Price Per Sq. Ft.: $109.66
Median Sold Price: $229,450
Low Sales Price: $199,000
High Sales Price: $315,000
Average # of Days On Market: 135
# of Sales: 10
Listing Price To Sales Price Ratio Has Been: 97.74%

Therefore, based on the median sale price barometer (the barometer used by the NAR National Association of Realtors) within Easterly Lakes, the market direction appears to be decreasing slightly. The average sales price has increased by +$578, median sales price decreased by -$5,550 and average sold price per sq. ft. has decreased by -$3.28/sf.

Easterly Lakes data presented with the permission of the GBRAR.

Author's Bio:

Bill Cobb, CREA, is Greater Baton Rouge's favorite and most reputable home appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 16 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill's company, Accurate Valuations Home Appraisal Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:

Office: 225-293-1500

Fax: 1-866-663-6065

fastvalue2@cox.net

http://www.denhamspringshomeappraisals.com