Gonzales, LA: Old Dutchtown Subdivision

By
Real Estate Agent with Realty Executives South Louisiana

Ascension Real Estate - Old Dutchtown Subdivision

Old Dutchtown, a relatively new Ascension Parish subdivision located off of Landry Road in Gonzales, LA, was the most successful subdivision in terms of absolute new home units sold during 2007. According to data gathered from the Greater Baton Rouge Association of Realtors MLS database, a total of 49 new homes were sold during 2007. The #2 and #3 subdivisions came in at 37 and 36 units respectively. Developer and builder John Fetzer, III came upon a formula which appears to have appealed to a significant niche of new home buyers in Ascension Parish.

At this writing, there are 26 Old Dutchtown homes in the new construction and resale market space listed in the MLS which range in price from $259,750 to $320,500. Click here to search currently active Old Dutchtown listings.

The tables to the right show the absorption rates observed for new construction in the subdivision from 2005 through 2007. The current inventory levels are as of January 25th. Overall, there is only a 4.9 month supply of homes in the subdivision. During 2007 the velocity of home sales highest in the $251K-$300K price range. Half of the homes sold were priced between $130 and $139.99 per square foot of living area but, currently, nearly half of the inventory is priced between $140 and $149.99 per square foot. At 2007 absorption rates this translates to over 15-months supply. The inventory at this price point are between 1836 sq.ft. and 2055 sq.ft. In the lower $130-$139.99/sq.ft. range the current inventory has homes containing between 1950 sq.ft. and 2440 sq.ft. of living area.

The following chart shows monthly new home sales in the subdivision since it's inception.



We'll continue to monitor this subdivision during 2008.

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.netfor real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail or call me at (225) 413-3624 for more information.

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©2008 by Don Stern - All Rights Reserved

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Ambassador
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Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
Don, great report on your market. Thanks for sharing Gonzales LA real estate market news.
Jan 31, 2008 10:02 PM #1
Rainmaker
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D B
Quakertown, PA
e-PRO, Realtor - Bucks County PA - 610-952-3578

WOW  this is some very good information on the market in your area of Louisiana.  Thanks for this information.  I find in interesting.

Don

Feb 01, 2008 12:32 AM #2
Rainer
104,911
Don Stern
Realty Executives South Louisiana - Baton Rouge, LA
Greater Baton Rouge Real Estate
Frank & Donald - Thanks for your encouragement.
Feb 01, 2008 02:31 AM #3
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Rainer
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Don Stern

Greater Baton Rouge Real Estate
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