Tag Archives: East Baton Rouge Parish Market Report

East Baton Rouge Parish Residential Real Estate Market Report – July 2010 Update

East Baton Rouge Parish Real Estate Market Report

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database. Only data for detached single family (DSF) homes were used and represent sales through the end of July 2010. The data are presumed accurate but are not warranted.

The following two charts show unit sales (closings) for a given month separated by year. The first chart represents unit sales for new construction and the second represents unit sales of previously owned homes.

Baton Rouge Real Estate

Except for the month of May, unit sales of new construction in EBR parish was lower than in any of the previous five years. In the re-sale market segment the same held true except that April 2010 was slightly ahead of April 2009.

Baton Rouge Real Estate

The next chart illustrates the downward trend in home sales within the parish since 2006.

Baton Rouge Real Estate

Despite this softening in terms of unit sales, home values have been preserved as the next chart illustrates.

Baton Rouge Real Estate

We can see that the average price per square foot of living area has not dropped. In fact, it is higher than in any of the previous five years.

The next two charts show the absorption rates for new construction and previously owned homes for the years between 2005 and 2010 broken down by the price range of homes.

Baton Rouge Real Estate

We can see that, overall, there is a neutral market for new homes with a 6.5 month supply. During 2010, the highest velocity of home sales in the new home segment has been for homes priced between $200K and $300K. This price range has accounted for more than 50% of all new homes sold in the parish this year and in this range it is clearly a seller’s market. On the other hand, there is nearly a 2-year supply of new homes priced between $350K and $400K.

Baton Rouge Real Estate

In the re-sale market segment, it is a buyer’s market overall. It is a neutral market only for homes priced below $100K. The highest velocity of home sales occurs in this segment for homes priced between $100K and $200K.

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2010 by Don Stern – All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com – email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

East Baton Rouge Parish Residential Real Estate Market – 2010 1st Quarter Report

East Baton Rouge Parish Real Estate Market Report – 1Q2010

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database. The data are presumed accurate but are not warranted.

The data presented herein represent sales of detached single family homes in East Baton Rouge parish.

2010 first quarter unit sales were disappointing and are lower than in any of the first quarter results for the previous five years.

Baton Rouge Home Sales

When projected through to the end of the year, without substantial increases during the peak selling months we can see that both new construction and re-sale market segments will fall far short even when compared to 2009 which, itself, was disappointing.

Baton Rouge Home Sales

The good news, however, is that home values have remained stable. The next chart shows that the average selling price per square foot of living area in the parish has remained relatively flat for the past few years. Homeowner equity has been preserved.

Baton Rouge Home Sales

If we look at average selling prices, we can see that the average price of a new home has declined. Given a steady price per square foot that indicates that new home buyers are purchasing smaller homes. The average price of a re-sale home, on the other hand, is currently higher than in any of the previous five years.

Baton Rouge Home Sales

Finally, if we look at inventory levels with respect to absorption rates in various price ranges we can see that a Seller’s Market exists for new construction priced between $200K and $300K in EBR parish. The highest velocity of new home sales during the first quarter of the year has been in the $251K-300K range with 7.3 homes per month being sold. As has been the case for some time, a severe oversupply of homes priced over $400K exists in both the new construction and previously owned market segments. With absorption rates of 2.3 and 13.7 homes per month, however, we can see that there still is a significant demand for high-end homes but not enough of a demand to balance with the supply.

Baton Rouge Home Sales

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2010 by Don Stern – All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com – email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

East Baton Rouge Parish Residential Real Estate Market Report – February 2010 Update

East Baton Rouge Parish Real Estate Market Report

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database. The data are presumed accurate but are not warranted.

As the following chart illustrates, unit sales are down significantly in the parish. New construction is down by more than 41% for the first two months of 2010 as compared with the same period in 2009. In the resale market segment unit sales are down by almost 17%.

Ascension Parish Real Estate Market Info

The good news for homeowners, on the other hand, is that the average selling price per square foot of living area has remained essentially the same thereby preserving home values.

Ascension Parish Real Estate Market Info

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2010 by Don Stern – All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com – email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com