- Price Reduction
- Three Rivers Island Cottage
- Waterfront Camp
- Pelican Point Real Estate Market Analysis through August 2010
- Kenilworth Subdivision Market Report
- East Baton Rouge Parish Residential Real Estate Market Report – July 2010 Update
- Ascension Parish – July 2010 Sales Down & Contracts Up
- Tri-Parish 2010 Mid-year Home Sales by MLS Area
- Ascension Parish Home Sales- Effects of Tax Credit Expiration
- Ascension Parish Real Estate – Residential Market Analysis April 2010
Tag Archives: Livingston Parish
Livingston Parish Real Estate Market Report
This update examines data extracted from the Greater Baton Rouge Association of Realtors MLS database. The data were extracted a of 3/7/08 and represent closed sales and active inventory of detached single family dwellings.
February unit sales of both new construction and homes in the re-sale market segment are down compared to February 2007. New construction is only down a tiny bit but homes in the re-sale segment are down substantially from February 2007.
Looking at all periods, unit sales in both market segments have retracted to pre-Katrina norms and we should observe increases in unit sales during March.
Dollar sales in both market segments are also down but are, in general, higher than pre-Katrina dollar volume.
The average selling price of new construction and re-sale homes has dropped 3.5% and 3.6% respectively when compared with 2007. The softness in the new construction sales price is attributable to the January averages. The average price in February 2007 was significantly ahead of the average in February 2007. If January was anomalous then we should see the average price of new construction sold in 2008 run ahead of 2007. We’ll monitor this closely to be sure.
Inventory levels are, more or less, flat and, with the expected seasonal upturn in volume, I predict a neutral market in the parish at least through May.
Please feel free to contact me with any comments or suggestions regarding this analysis.
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-mail1312 or call me at (225) 413-3624 for more information.
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