Woodland Ridge Baton Rouge Non-Flooded Home Sales 2017

By
Real Estate Appraiser with Accurate Valuations Group, LLC LA St Certified 851

In August 12-18, 2016, Greater Baton Rouge and Louisiana itself experienced "The Great Flood". 35.4 percent of East Baton Rouge homes potentially flooded, so Woodland Ridge was not alone. Greater Baton Rouge, South Louisiana in general and 62 miles of Interstate 12 from Baton Rouge to Covington Louisiana, experienced a 1000 year massive flood beginning August 12th-18th impacting 146,156 homes and displacing up to 359,619 people. Homes impacted were 68,679 in East Baton Rouge Parish, 48,827 in Livingston Parish and 16,195 in Ascension Parish.  Data Source: http://www.wafb.com/story/32825095/statistics-show-greatest-impact-of-flooding-was-in-ebr-parish?clienttype=generic&sf34172323=1

Whether these Woodland Ridge homes did flood and were repaired or did not flood and were sold, these are the stats on the 10 sales since 12/01/2016.

MEDIAN SALES PRICE: $239,000

MEDIAN SOLD PRICE PER SQ. FT.: $95.50
MEDIAN HOME SIZE SOLD: 2,608 SQ. FT.
SOLD FOR 98% OF LISTING PRICES IN 48 DAYS

Seller paid concessions, or sellers having to pay buyer’s closing up to $8,500 and average $3,100 rounded were properly deducted as Home Appraisers do deduct seller paid concessions. AVERAGE SELLER PAID CONCESSION OF $3,100 AND $1.50/SF DEDUCTED (Rounded)

What about Woodland Ridge home sales price pre-flood?  
From 1/1/2016 to 08/12/2016, there were 7 sales from $200,000 to $403,000, median sales price $239,000, sold for median $94/sf in 12 days and at 97 percent of listing prices. 


Going to youtube and searching "woodland ridge baton rouge flood" will reveal videos like this one: 





Study by Bill Cobb Appraiser 225-293-1500 BatonRougeAppraisalBlog.com


Source: Greater Baton Rouge Association of REALTORS/MLS 12/1/16 to 10/10/2017

 

 

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Bill Cobb

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