As expected, the Greater Baton Rouge real estate market remains strong. Plenty of homes for sale, good new construction starts, and interest rates remaining low continue to fuel this market.
Here is a comparison of homes for sale in January and how many of those were new construction:
E Baton Rouge Parish 1727 on Market of which 397 were new construction
Ascension Parish 520 on Market of which 177 were new construction
Livingston Parish 434 on Market of which 90 were new construction
Comparing January 2005 to January 2006:
Number of homes put on market in January 2006: 1047 January 2005: 1149
Number of homes closed in January 2006: 716 January 2005: 491
Breakdown of sold properties in January 2006 by area:
E Baton Rouge Parish: 413
Ascension Parish: 149
Livingston Parish: 147
Additional sales were balance of MLS area
Average sales price in EBR, Ascension, and Livingston Parishes combined:
January 2005: $152,718
January 2006: $176,948
Number of homes currently on the market: 2696 in these 3 Parishes
It's time to buy a house!
