Beau Chene Denham Springs Home Sales 2017-2018
Beau Chene Home Sales Trends 2017 to May 11 2018
Thirteen Sales from $135,000 to $158,000 without seller paid concessions removed…see comment below
Median Sales Price $140,000
Median Sold Price: $115 per sq ft
Median Sales Price After Average Seller Paid Concession Of $3816 Is Deducted: $136,184
Median Sales Price Per Sq Ft After Average Seller Paid Concession Of $3816 Is Deducted: $113
Average Sold Price: $141,892
Average Sold Price: $114 per sq ft
Average Sales Price After Average Seller Paid Concession of $3816 Is Deducted: $138,076
Average Sales Price Per Sq Ft After Average Seller Paid Concession Of $3816 Is Deducted: $112
Homes Sold From $100 to $122 per sq ft
Seller Paid Concessions Note: Buyers in Beau Chene needed between $3,000 to $6,000 in seller help to buy a home, or help paying closing cost. The average seller paid conession was $3,816. When Appraisers use these sales as comparables, they will deduct these seller paid concessions. For example, in the $158,000 sale, the seller paid $5,700 in buyer’s closing cost, meaning the seller actually sold for $152,300 and did not pocket $158,000 at the closing table. When deducting the average concession of $3816, the Median Sales Price is actually $136,184. When deducting the average concession of $3816, the Average Sales Price is actually $138,076.
Average SP/LP% 98%
The “Average SP/LP% 98%” or Listing To Sales Price Ratio means the average home sale sold for 2% less than listing price.
Average Days On Market: 18 Days
Average Home In Subdivision Is: 1,215 sq. ft. 3 bedrooms, 2 bathrooms
The $158,000 sale was a home with a professionally enclosed garage.
FORECLOSURE SALES:
There were actualy 15 total sales, 2 of which were foreclosures. 9208 Louis Ave sold for $87,000 and I appraised it as an REO or bank owned in 2017. It recently resold for an astonishingly high $144,000 in 5/8/218 with only 1,185 sq ft living area. And, 9189 Paris Ave sold for $96,600 in 3/2017 as a foreclosure before reselling for $135,000 7/2017 with 1,212 sq ft living area.
NOTE: This chart below is of “Beau Chene” in GBRMLS but the Average Sold Price By Year appears to be error for 2010 because Beau Chene home prices never reached into the $200,000 range.
by Bill Cobb Appraiser 225-293-1500
https://www.denhamspringsappraisers.com/
Greater Baton Rouge Pre-Listing Home Appraisals
http://www.gbrprelistingappraisals.com/
Greater Baton Rouge Real Estate Data Note:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2017 to 05/11/2018, extracted on 05/11/2018