April 7, 2010

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%.

Average home prices in both market segments also dropped.

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.

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.

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

don@thehomevendor.com - email

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

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March 5, 2010

Livingston Parish Residential Real Estate Market Report - February 2010

Filed under: Livingston Parish, Market Analysis, Uncategorized — Tags: Livingston Parish Real Estate, Livingston Parish Real Estate Market Statistics, Livingstong Parish Market Report — admin @ 12:37 pm

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.

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.