Livingston Parish, LA - Residential Real Estate Market Update - First Quarter 2010

By Don Stern

Real Estate Agent with Realty Executives South Louisiana

April 07, 2010 03:38 AM

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.