I recently completed a new home purchase appraisal in The Lakes at North Park in Denham Springs, just north of North Park Recreation Center. Home Sales Update by Bill Cobb Appraiser 225-293-1500
Lakes At North Park was fully developed in 2006 as "Crystal Lakes" by a Chicago IL Developer expecting to capitalize on post Hurricane Katrina high demand for homes. Builder's expectation was grossly out of line with what Denham Springs is - generally an "afforable homes" market where where buyers can buy a lot of home for a lower price. It's the same reason PCC Homes or Vicknair Homes and then DSLD Home flourished post Katrina and Crystal Lakes floundered. Initially, only 3 high quality, larger model homes were built and Crystal Lakes failed, was a total flop. In approximately late 2013 to early 2014, development was sold by a Louisiana Bank who had financed the project, name change to "The Lakes At North Park" took place and building of "afforable homes" commensed into 3 filings. NOTE: In 11/2015, this is a healthy development with new home construction taking place.
*****This market update covers the rear 3rd Filing and DR Horton, Inc. is the primary Builder of this specific filing.*****
NOTE: These are ONLY the listings and solds DR Horton has chosen to list within
Greater Baton Rouge Association of REALTORS GBRMLS. Several sales and listings
are not listed in GBRMLS.
The chart below covers the entire development, not just 3rd filing
The Lakes At North Park Third Filing of DR Horton Homes Homes Sales Trends 2015-
2015 Year To Date:
Fourteen (14) Sales From $175,900 to $221,9000
Median Sales Price $198,900
Average Sold Price Price $195,266
Average Sold Price Price Per Square Foot $101/sf
Average Listing To Sales Price Ratio: 100%
Average Days On Market: 79 Days
Average Size Home: 1,949 sq. ft.
This Chart below includes ALL sales, not just 3rd filing.
Current The Lakes At North Park Third Filing of DR Horton Homes Listings:
Five (5) Total Listings
Four (4) Active Listings From $173,900 to $201,675 from $99/sf to $103/sf
Average Listing Price $185,400
Average Listing Price Per Square Foot $101/sf
Average Home Listing Has Been On The Market: 146 Days.
Maxiumum Active Listing Days On Market: 295 Days
One (1) Pending Listing at $201,675 or $103/sf presold, no days on market
GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Assocation of REALTORS®\MLS for
period 01/01/2015 to 11/07/2015, extracted on 11/07/2015.