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Livingston Parish Foreclosures Hurting Westminister Estates Values in 2011
http://www.batonrougehousingreports.com/ - Denham Springs Westminister Estates 2011 Housing Report.  Average sold price declines 6.4% and average sold price per sq. ft. declines $10.43/sf.
Denham Springs Westminister Estates 2011 Housing Report
The Legal Name of this development at the Livingston Parish Courthouse and in filing records is Westminister Estates, meaning the sign is wrong. Here are the Westminister Estates housing numbers from end of December 2010 to end of December 2011. Average sales price was down from $149,880 in 2010 to $140,293 in 2011 or -6.4%. Median sales price was basically unchanged. However, the average sold price per sq. ft. had a -$10.43/sf decline from $91.52 in 2010 to only $81.09/sf in 2011. 
Foreclosures To Blame. I suspect part of this decline was due to 7 of the 15 total sales being foreclosures or 47% of total sales. This means that of the 15 total home sales, 7 were in some form of distress.
Denham Springs Westminister Estates Subdivision 2011 Comprehensive Housing Report. NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of 01/16/2011 to 01/16/2012. This information was extracted on 01/16/2012.

 
The statistics below are based on the same GBRMLS data and reveal totally different results, which may ... more

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