1502 Pecan Crossing

$279,900

New construction in the popular Pecan Hills subdivision is located in Zachary, LA. Zachary is the home of the #1 ranked public school system in the state. Pecan Hills is located across the street from the Zachary Youth Ball Park on Hwy. 64. This home sits on a lake lot and has four bedrooms and two and a half bathrooms. The seller will pay up to $5,000 for closing costs! This home is also available to lease to well qualified persons on an annual basis for $2,200/month.

Directions: From Baton Rouge take I-110 N until the freeway ends. Bear right onto Hwy 964 and turn left onto Hwy 64. Pecan Hills is approximately 1/2 mile on the right.

For more information or to schedule a private tour, call Don Stern @ (225)413-3624 or Katie Mondulick @ (225)603-8905.

1502 Pecan Crossing

$289,900

New construction in the popular Pecan Hills subdivision is located in Zachary, LA. Zachary is the home of the #1 ranked public school system in the state. Pecan Hills is located across the street from the Zachary Youth Ball Park on Hwy. 64. This home sits on a corner lot and has four bedrooms and three full bathrooms. Triple-split floor plan with many fine amenities like granite countertops in the kitchen and all the bathrooms, crown molding, wood floors and much, much more. The seller will pay up to $6,000 for closing costs!

Directions: From Baton Rouge take I-110 N until the freeway ends. Bear right onto Hwy 964 and turn left onto Hwy 64. Pecan Hills is approximately 1/2 mile on the right.

For more information or to schedule a private tour, call Don Stern @ (225)413-3624 or Katie Mondulick @ (225)603-8905.

1604 Pecan Crossing

$263,900

New construction in the popular Pecan Hills subdivision is located in Zachary, LA. Zachary is the home of the #1 ranked public school system in the state. Pecan Hills is located across the street from the Zachary Youth Ball Park on Hwy. 64.

Very open floor plan. High ceilings, triple crown molding, and wood flooring in the living and dining areas.

The large kitchen has granite countertops and an island with a slab granite countertop.

The spacious master bedroom has a recessed ceiling with crown molding.

The master suite is completed with a bathroom that features his and her vanities, cultured marble countertops, a jetted tub, a separate shower and a huge walk-in closet.

The back of the home has a wall of windows overlooking the large back yard.

For more information or to schedule a private tour, call Don Stern @ (225)413-3624 or Katie Mondulick @ (225)603-8905.

Ascension Parish Real Estate Market Analysis

January 2008 Update

This interim report supplements my 2007 Year-end Residential Real Estate Report . The report examines data extracted from the Greater Baton Rouge Association of Realtors database for detached single family residences in Ascension Parish.

The chart below show unit sales in January of 2008 compared with the month of January in 2003 through 2007. We can see that in the re-sale market space, home sales were below the Katrina bump but were above January sales in the pre-Katrina years. It was a very different story for new construction, however. New construction unit sales were lower in January of 2008 than in any of the previous five years!

While the previous chart shows that new home unit sales are down, the chart below shows that the average sales price has increased for both new construction and for homes in the re-sale market space.

Looking at the entire 5 year history of unit sales for new construction we can see that a big drop in unit sales was recorded in January 2008. In fact, January sales were below any point in the five year history shown.

In the re-sale market space we see that a slight up tick in unit sales was recorded for January 2008. The 6-month moving average was above pre-Katrina levels.

Dollar sales of new construction are also down sharply.

Dollar sales of re-sale homes remained higher than pre-Katrina levels.

We also looked at inventory levels over the past several months for new construction in various price ranges. It appears that inventory levels of homes in the $150K-199K price range are trending upward.

---

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.netfor real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail or call me at (225) 413-3624 for more information.

©2008 by Don Stern - All Rights Reserved

Livingston Parish Real Estate Market Analysis

January 2008 Update

This interim report supplements my 2007 Year-end Residential Real Estate Report. This update examines data extracted from the Greater Baton Rouge Association of Realtors database for detached single family residences in Livingston Parish.

The first chart looks at unit sales for the parish in January of each of the years between 2003 and 2008. New construction unit sales for January 2008 was typical for January excluding January of 2006, immediately following Hurricane Katrina. Sales of homes in the re-sale market segment, however were the 2nd highest of any year of the past five… a sign of the strength of the market.

January 2008, saw a slight decline in average home prices in both market segments.

Thus far, unit sales are consistent with historical seasonality changes in both the new construction and re-sale market segments

Examining the 6-month moving averages for average sales price within the two market segments, it appears that there has been a larger than normal drop in average sales price than historical seasonality might suggest.

As in both Ascension and East Baton Rouge parishes, inventory levels for both market segments are pretty flat.

If you have any questions, comments or suggestions on how to improve my market reports, please don’t hesitate to contact me directly.

---

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.netfor real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail or call me at (225) 413-3624 for more information.

©2008 by Don Stern - All Rights Reserved

East Baton Rouge Parish Real Estate Market Analysis

January 2008 Update

This interim report supplements my 2007 Year-end Residential Real Estate Report. This update examines data extracted from the Greater Baton Rouge Association of Realtors database for detached single family residences in East Baton Rouge Parish.

The first chart looks at unit sales for the parish in January of each of the years between 2003 and 2008. We can see in both the new construction and re-sale market segments that unit sales for January 2008 are lower than in any of the previous five years.

The next chart shows that prices are improving despite the decrease in volume. The average price of a home in both market segments was higher in January of 2008 than in any of the previous five years.

This chart shows that overall sales $ volume is down. The six-month average of sales $ volume remains higher than in pre-Katrina time periods.

Unit sales are down overall, as the following chart illustrates.

The final chart shows that inventory levels in both market segments remains roughly level. With lower unit sales (i.e. absorption rate), the months supply will increase. Without improvement in unit sales over the course of the next few months, we may begin to see a shift toward a buyers market.

If you have any questions, comments or suggestions on how to improve my market reports, please don’t hesitate to contact me directly.

---

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.net for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail or call me at (225) 413-3624 for more information.

©2008 by Don Stern - All Rights Reserved

Baton Rouge Home: Open House Sunday 2/10/08 2pm-4pm

12738 Lockhaven Ave., Baton Rouge, LA 70815

I will be hosting an open house at 12738 Lockhaven Ave. on Sunday 2/10 from 2-4pm. This 3bd/3.5ba home features two suites. The master suite has a walk-in closet and a full bath with a tiled shower enclosure. The guest suite has a large double closet, a full bath with a tiled shower enclosure and a kitchenette. Click Here for an on-line flyer of this property. I hope to see you there.

---

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.netfor real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail or call me at (225) 413-3624 for more information.
<

©2008 by Don Stern - All Rights Reserved

Baton Rouge Real Estate

Santa Maria Subdivision Market Analysis

Santa Maria is an upscale neighborhood located off of Old Perkins Road in Baton Rouge. The homes built in this subdivision are primarily French country and Acadian in style and are built surrounding The Santa Maria Golf Course.The following market analysis was based upon data extracted from the Greater Baton Rouge Association of Realtors MLS database and while every effort was made to ensure accuracy no warranties are made. Sales data from 2002 through 2007 were examined as was the current inventory as of January 25, 2008.The following graphs illustrate the average and median home prices in Santa Maria for both new construction and the resale market between 2002 and 2007.	The Santa Maria golf course is a public BREC-managed golf course. It is an 18-hole par 72 golf course designed by Robert Trent Jones Sr. It was purchased by BREC in 1990. The Spanish-style clubhouse includes a pro shop, a full-service restaurant and a private conference/dining room and a fitness center. The restaurant and veranda overlook the beautiful 18th green
	The charts to the left look at monthly absorption rates between 2002 and 2007. As before, new construction is examined separately from homes in the resale market space. The charts show the absorption rates by price range, by price/sq.ft. and by size. During 2007, 14 new homes and 24 resale homes were sold yielding an absorption rates of 1.3 homes/month and 2.0 homes/month respectively. Given current inventory levels and at 2007 absorption rates, there is an over 18-month supply of new construction but only a 5-month supply of resale homes. Because the absorption rates for any given price range, $/sq.ft. or size are so small (less than 1/month) no meaningful conclusions can be drawn about any particular niche.Suffice it to say that there is a significant over supply of new construction in Santa Maria while the resale market is still quite healthy.Consumers looking to purchase a high-end home in Baton Rouge should be able to negotiate a very good deal that this time.Readers can click here to view the currently active listings in Santa Maria.
As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com or www.LiveAscension.com for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.©2008 by Don Stern - all rights reserved