Ascension Parish Real Estate Market Stats for September 2010 Monday, Oct 18 2010 

Monthly Sales were 72 units. Comparison to last month:  Decreased 4% from 75 units.  Comparison to this month last year: Decreased 40% from 121 Units.

Average Sold Price was $204,896.  Comparison to last month:  Decreased 5% from $216,581.  Comparison to this month last year: Decreased 7% from $191,622.

Current Inventory is 9.91 months.  Comparison to last month:  Increased from 9.53 months.  Comparison to this month last year: Increased from 5.12 months.

Average Days on Market were 97.  Comparison to last month:  Increased from 88 days.  Comparison to this month last year: Increased from 83 days.

So what do all these numbers mean?  

The decrease in volume we saw this past month is not extraordinarily alarming to me. Again, we are coming out of a medicated market. September is historically slow due to school starting in August. Average sales prices were down and I still attribute that to the onslaught of first time homebuyers we saw. Compared with the rest of the country, Ascension Parish has fared very well during these tough economic times. My prediction is that we will continue to see slow movement through the winter months and will greet the spring with a flurry of activity.

These stats are for areas 90, 91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

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Ascension Parish Real Estate Market Stats for August 2010 Saturday, Oct 16 2010 

Monthly Sales were 75 units. Comparison to last month:  Increased 5% from 71 units.  Comparison to this month last year: Decreased 32% from 110 Units.

Average Sold Price was $216,581.  Comparison to last month:  Decreased 2% from $221,460.  Comparison to this month last year: Decreased 2% from $221,891.

Current Inventory is 9.53 months.  Comparison to last month:  Increased from 10.26 months.  Comparison to this month last year: Increased from 5.68 months.

Average Days on Market were 88.  Comparison to last month:  Increased from 113 days.  Comparison to this month last year: Increased from 93 days.

So what do all these numbers mean?   

Our activity and sales prices in Ascension Parish are leveling out. September numbers will be interesting to view. Most buyers were trying to close before school started in August.

These stats are for areas 90, 91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Real Estate Market Stats for July 2010 Friday, Aug 27 2010 

Monthly Sales were 71 units. Comparison to last month:  Decreased 51% from 145 units.  Comparison to this month last year: Decreased 32% from 105 Units.

Average Sold Price was $221,460.  Comparison to last month:  Increased 14% from $194,341.  Comparison to this month last year: Increased 2% from $217,878.

Current Inventory is 10.11 months.  Comparison to last month:  Increased from 4.9 months.  Comparison to this month last year: Increased from 5.80 months.

Average Days on Market were 113.  Comparison to last month:  Increased from 61 days.  Comparison to this month last year: Increased from 109 days.

So what do all these numbers mean?   Remember, the tax credit expired.  Most closings happened by the June 30 deadline. (A few stragglers were able to take advantage of the extended deadline.) What I do see as encouraging is that the average sales price was up.  If you are a seller, you have a lot of competition out there.  Make sure that your home is is top notch condition and price it well.  An overpriced home will only help to sell the competition.

These stats are for areas 90, 91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Real Estate Market Stats for May 2010 Wednesday, Jun 30 2010 

Monthly Sales were 153 units. Comparison to last month:  Increased 16% from 128 units.  Comparison to this month last year: Increased 25% from 115 Units.

Average Sold Price was $188,863.  Comparison to last month:  Decreased 13% from $216,252.  Comparison to this month last year: Decreased 9% from $206,806.

Current Inventory is 4.45 months.  Comparison to last month:  Decreased from 5.14 months.  Comparison to this month last year: Decreased from 5.46months.

Average Days on Market were 73.  Comparison to last month:  Decreased from 81 days.  Comparison to this month last year: Decreased from 102 days.

So what do all these numbers mean?  Many first time homebuyers were taking advantage of the tax credit.  We will see lots of homes closing in the next month as well. 

Remember, the tax credit expired on April 30, 2010 and those buyers have until June 30, 2010 to close on those homes.  Knowing that, I wondered what the pending activity was for May.  93 properties in Ascension Parish went under contract compared to 120 in May of 2009.  To show you how the tax credit helped stimulate sales, there were 177 homes to go under contract in the month of April 2010.  That was a 47% drop in sales… Ouch! The medicated market will now take a few months to level out.  Watch closely for the interesting times ahead.

These stats are for areas 90, 91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Real Estate Market Stats for April 2010 Wednesday, May 26 2010 

Monthly Sales were 126 units. Comparison to last month:  Decreased 5% from 133 units.  Comparison to this month last year: Increased 13% from 110 Units.

Average Sold Price was $215,954.  Comparison to last month:  Increased 4% from $206,398.  Comparison to this month last year: Increased 4% from $206,370.

Current Inventory is 5.13 months.  Comparison to last month:  Increased from 4.86 months.  Comparison to this month last year: Decreased from 5.91 months.

Average Days on Market were 81.  Comparison to last month:  Decreased from 92 days.  Comparison to this month last year: Decreased from 91 days.

So what do all these numbers mean?  Average sales prices are up and average days on the market are down… Looks like real estate in Ascension Parish is still holding its own!

Remember, the tax credit expired on April 30, 2010.  Knowing that, I wondered what the pending activity was for April.  185 properties in Ascension Parish went under contract compared to 146 in March.  I think we will see the average sales prices fall in May because of the number of First Time Home Buyers that took last minute advantage of the tax credite.  Interesting times ahead!

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Real Estate Market Stats for March 2010 Monday, Apr 19 2010 

Monthly Sales were 132 units. Comparison to last month:  Increased 28% from 95 units.  Comparison to this month last year: Increase 23% from 101 Units.

Average Sold Price was $206,632.  Comparison to last month:  Increased 5% from $197,059.  Comparison to this month last year: Decreased 5% from $216,217.

Current Inventory is 4.73 months.  Comparison to last month:  Decreased from 6.45 months.  Comparison to this month last year: Decreased from 6.91 months.

Average Days on Market were 92.  Comparison to last month:  Held steady at 90 days.  Comparison to this month last year: Decreased from 107 days.

So what do all these numbers mean?  The June 30, 2010 closing deadline for the tax credit is nearing!  The early risers are closing on their new homes so that they are sure to meet the deadline for the tax credit. 

In March, the hottest price range was the $160,000 to $169,999 range. 

Remember, the tax credit expires on April 30, 2010.  Purchasers must be under contract by this date and must close by June 30, 2010 to qualify for the credit.

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Real Estate Market Stats for February 2010 Wednesday, Mar 31 2010 

Monthly Sales were 95 units. Comparison to last month:  Increased 26% from 70 units.  Comparison to this month last year: Increase 8% from 87 Units.

Average Sold Price was $197,038.  Comparison to last month:  Decreased 5% from $207,896.  Comparison to this month last year: Decreased 9% from $217,229.

Current Inventory is 6.34 months.  Comparison to last month:  Decreased from 8.91 months.  Comparison to this month last year: Decreased from 7.95 months.

Average Days on Market were 90.  Comparison to last month:  Held steady at 91 days.  Comparison to this month last year: Decreased at 109 days.

So what do all these numbers mean?  The tax credit is fueling the first time homebuyers to make their leap into homeownership.  This is indicative of the average sales price.  The smaller homes are flying off the shelves!

Monthly sales are up due to the tax credit incentive as well.  I predict that we will see monthly sales rise until the close deadline of  June 30, 2010

Remember, the tax credit expires on April 30, 2010.  Purchasers must be under contract by this date and must close by June 30, 2010 to qualify for the credit.

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Market Stats for December 2009 Thursday, Jan 21 2010 

Monthly Sales were 91 units. Comparison to last month:  Increased 3%  from 88 units.  Comparison to this month last year: Increase 11% from 81 Units.

Average Sold Price was $186,413.  Comparison to last month:  decreased  2% from $191,023.  Comparison to this month last year: Decreased 10% from $207,090.

Current Inventory is 6.48 months.  Comparison to last month:  Holding steady from 7.05 months.  Comparison to this month last year: Decreased from 8.92 months.

Average Days on Market was 67.  Comparison to last month:  decreased from 78 days.  Comparison to this month last year: Decreased from 87 days.

So what do all these numbers mean?  The Average Sold Price being down is again indicative of the type of buyers we are seeing.  First time homebuyers are still fueling the market. The inventory is slowly being eaten up and homes are not sitting on the market as long.  This is all great news in the recovery of the housing market.  I feel as if we have hit the bottom and are on our way up.  FHA has announced some changes that will not make the climb easy. But as the old fable goes…SLOW AND STEADY WINS THE RACE.

As I am sure you are aware, the tax credit has been extended to having an accepted contract in place by April 30, 2010 and closing by June 30, 2010.  It has also been expanded to include “long time homeowners”.  These homebuyers will receive $6,500 on a new purchase.  For more information about these credits, click here.

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Ascension Parish Market Stats for November 2009 Friday, Dec 11 2009 

Monthly Sales were 86  units. Comparison to last month:  Decreased 4%  from 90 units.  Comparison to this month last year: Increase 17% from 71 Units.

Average Sold Price was $187,791.  Comparison to last month:  decreased  10% from $208,335.  Comparison to this month last year: Decreased 17% from $225,146.

Current Inventory is 6.95 months.  Comparison to last month:  Holding steady from 6.73 months.  Comparison to this month last year: Decreased from 11.15 months.

Average Days on Market were 76.  Comparison to last month:  decreased from 86 days.  Comparison to this month last year: Decreased from 98 days.

So what do all these numbers mean?  In my opinion, they mean that we are holding steady for this time of the year.  The Average Price Sold being down in nothing to be alarmed about.  The original tax credit was due to expire on November30, 2009 so I would venture to guess that most of these homes were bought by first time home buyers.  The price point in which they buy is lower than $200,000.  In fact, most of the homes sold were in the $170,000 – $179,999 range.  The great news is that home sellers were getting 98.98% of their asking price! Kudos to the homeowners and Realtors (r) who are working together to price the homes correctly!

As I am sure you are aware, the tax credit has been extended to having an accepted contract in place by April 30, 2010 and closing by June 30, 2010.  It has also been expanded to include “long time homeowners”.  These homebuyers will receive $6,500 on a new purchase.  For more information about these credits, click here.

My family and myself wish you a Very Merry Christmas!

These stats are for areas 90,91 & 92 in Ascension Parish. Information used from Greater Baton Rouge MLS.  They include only single family dwellings.  Mobile home and land sales are not part of these numbers.  If you would like information on either of these, feel free to let me know.

Santa Visits Local Galvez/Prairieville Neighborhoods Thursday, Dec 10 2009 

It just doesn’t seem like Christmas until Santa Clause makes his annual visit thanks to the local fire departments.  I get so excited when I hear the Christmas music and the Sirens of the fire trucks getting closer.  Santa makes his way around the Prairieville neighborhoods to visit the children.  He takes pictures with the kids (and adults!), passes out candy canes, listens to their wish lists and most importantly, collects non-perishable food items for area food banks.

Click here to see when Santa will be coming to your neighborhood!

Get your canned goods and cameras ready…Santa is coming!  Merry Christmas!


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