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.
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