Tag Archives: Livingston Parish Real Estate

Price Reduction

Livingston Parish Residential Real Estate Market Report – 1Q2010

Livingston 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 Livingston parish.

In previous blog posts, I shared how unit sales in Ascension parish were up in both new construction and re-sale market segments and that in EBR parish both segments were down in terms of unit sales. In Livingston parish, first quarter results for 2010 show an increase of more than 16% in unit sales in the new construction segment while the re-sale market segment dropped by almost 9%.

Baton Rouge Home Sales

Average home prices in both market segments also dropped.

Baton Rouge Home Sales

Looking at the average selling price per square foot of living area, it appears that the drop in new construction prices is due primarily to buyers purchasing smaller homes as the price per square foot has not changed appreciably. The drop in average re-sale home price, however, does seem to be related to a drop in the average $/sq.ft. price.

Baton Rouge Home Sales

We’ll continue to monitor the market trends and report back to readers.

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

Livingston Parish Residential Real Estate Market Report – February 2010

Livingston 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.

Despite the fact that unit sales of new homes were up 25% in the first two months of 2010 as compared with the same period in 2009, overall unit sales were down due to a 14.3% drop in unit sales of pre-owned homes. The next chart illustrates this. Unit sales in 2010 are very similar to what they were during the first two months of 2005.

Livingston Parish Home Sales

In terms of pricing, new construction has remained approximately the same for the Jan-Feb period during the past three years. In the resale market segment, pricing has dropped about 1% from 2009 levels but is down more than 10% from the peak of nearly $100/sq.ft. which occured in 2008. The next chart illustrates this.

Livingston Parish 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

Livingston Parish Real Estate Market Update – July 2008

Livingston Parish Real Estate Market Update – July 2008

This report presents a comprehensive view of the real estate market for detached single-family homes in Livingston Parish.

Historical and current data were obtained from the Greater Baton Rouge Association of Realtors MLS database. Data were extracted representing sales from January 1, 2003 through July 31, 2008. Only data for Detached Single Family homes were included in the analysis. Manufactured homes and multi-family dwellings are outside the scope of this analysis.

Livingston Parish Unit Sales

Home sales in both the new construction and re-sale market segments dropped in July. Normally we would expect to see an increase in home sales during July. I’ll continue to monitor the situation closely.

Livingston Home Sales

The following chart illustrates how home sales in July of 2008 are below those during any of the previous five years.

Livingston Home Sales

Livingston Absorption

New homes under $200K are selling at a rate consistent with the inventory levels. In fact, in this lower price range it is a seller’s market. Buyer’s market conditions exist when prices exceed $250K where inventory levels are higher than the demand would suggest.

Livingston Home Sales

Overall, the situation is somewhat worse in the re-sale market segment where supply generally exceeds demand in all but the very lowest (under $150K) price ranges. The most active price ranges were under $200K where 52% of home sales were recorded.

Livingston Home Sales

Livingston Home Prices

Prices in Livingston parish continue to appreciate. New homes average just under $200K whereas homes in the re-sale segment averaged just over $164K during the first seven months of the year.

Livingston Home Sales

As always, readers are encouraged to contact me directly for more information or to make suggestions on how this information might be improved.

I welcome readers to visit my websites at 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