Ascension 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.
Overall unit sales for the first two months of 2010 are up when compared with the first two months of 2009. New construction is down by a single unit while resale homes are up by four units as the following chart illustrates.
The price per square foot of living area has declined once again for new construction indicating that the shift toward more affordable homes with fewer amenities continues. The average selling price/sq.ft. of previously owned homes has declined by nearly 2% as well.
The next chart shows the top selling subdivisions for new construction in Ascension parish. It clearly demonstrates that new home buyers are opting for smaller homes with fewer amenities which result in a lower price/sq.ft. Of particular interest in this chart are the pending sales numbers. With 25 and 17 pending sales respectively, Jamestowne Court and Keystone of Galvez subdivisions are clearly outpacing other subdivisions.
As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.
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