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Home Sales in BR Decline; LP and AP Increase

Posted on 11/20/14 at 8:32 am
Posted by ell_13
Member since Apr 2013
85143 posts
Posted on 11/20/14 at 8:32 am



October Home Sales

quote:

The biggest monthly gainer was Livingston Parish, where sales were up 14.7 percent from 109 to 125.

Ascension Parish also had a double-digit gain, with sales going up 10.5 percent, from 114 to 126.

East Baton Rouge Parish, which accounts for the biggest share of the market, saw sales drop by 6.5 percent in October to 348 from 372.

The median home price rose 7.5 percent in October to $183,698 from $170,858, a sign of the continuing strength of the market.
This post was edited on 11/20/14 at 1:25 pm
Posted by elprez00
Hammond, LA
Member since Sep 2011
29429 posts
Posted on 11/20/14 at 8:33 am to
#bettertogether
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
75269 posts
Posted on 11/20/14 at 8:34 am to
They'll be back soon enough. It's all cyclical.
Posted by Salmon
On the trails
Member since Feb 2008
83630 posts
Posted on 11/20/14 at 8:35 am to
eventually BR will catch up with the rest of the modern world and start moving back into the city instead to the burbs

maybe
Posted by recruitnik
Campus
Member since Jul 2012
1223 posts
Posted on 11/20/14 at 8:42 am to
The majority of new BR property development is rental, show us a graphic of how many new rentals opened in BR and what the vacancy rate is.
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 11/20/14 at 8:45 am to
There is nothing in your OP that supports your topic's conclusion, fwiw.

ETA: If anything, the graphic shows fewer people in EBR are selling their houses compared to last year. Meaning more people in EBR are staying put, not leaving.
This post was edited on 11/20/14 at 8:47 am
Posted by GreatLakesTiger24
One State Solution
Member since May 2012
55845 posts
Posted on 11/20/14 at 8:47 am to
quote:

Shocker: Poor People are Leaving EBR for LP and AP

fify
Posted by ForeverLSU02
Albany
Member since Jun 2007
52162 posts
Posted on 11/20/14 at 8:48 am to
They'll move back when they realize that Guber isn't available out here in the country
Posted by Odinson
Asgard
Member since Apr 2014
2760 posts
Posted on 11/20/14 at 8:53 am to
EBR needs to improve school system!!
Posted by johnnyrocket
Ghetto once known as Baton Rouge
Member since Apr 2013
9790 posts
Posted on 11/20/14 at 9:34 am to
LSURUssian spews his misinformation again. People with young children are leaving EBR in huge numbers.

You can look at building permits for single family homes in surrounding parishes compared to EBRP. That will tell you the story.

You have a few places in EBRP where single family homes are being built in EBRP. Central, Zachary, and the Southern portion of the parish still have SF homes coming up just not in great numbers. Look at the sf home permits inside BR the numbers are not there.

Most of the building permits in EBRP is outside the city of BR and its commercial or multi family construction. Don't worry BR will try to annex the commercial property while not annexing multi family properties. I wonder why?

Most of the homes I built in Livingston parish this year sold within 2 days or less of me listing them. Every single purchase was from people who had children that were reaching school age or young couples expecting to have kids that came from apartments in BR.
This post was edited on 11/20/14 at 9:37 am
Posted by KLSU
Baton Rouge
Member since Sep 2003
10327 posts
Posted on 11/20/14 at 10:05 am to
Not me. I'm staying in EBR. Screw that drive in the morning and afternoon... Plus WTF is there to do in either LP or AP on weekends?
Posted by timbo
Red Stick, La.
Member since Dec 2011
7341 posts
Posted on 11/20/14 at 10:15 am to
I wouldn't read too much in the numbers about how people are leaving one parish for another.

For one, "new listings" are any home being put on the market -- could be a 50 year old house, could be put up by people moving for work, or downsizing, or upsizing.

The second is that East Baton Rouge Parish still accounts for most of the sales activity in the metro area. There were more houses sold in EBR in October than there were in Livingston and Ascension combined.

About all these numbers show is that there's a good bit of activity in the local housing market. People are buying and selling, prices are continuing to go up and the homes on the market are moving.
Posted by The Sad Banana
The gate is narrow.
Member since Jul 2008
89498 posts
Posted on 11/20/14 at 10:34 am to
Public schools, public schools, public schools...
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
78971 posts
Posted on 11/20/14 at 12:14 pm to
Shirtless Rednecks to my left, ghetto thugs to my right. I think I'll stay in the 70809.
Posted by Mung
NorCal
Member since Aug 2007
9054 posts
Posted on 11/20/14 at 12:39 pm to
Germans

from 1980s to the present...
Posted by Brageous
Member since Jul 2008
107724 posts
Posted on 11/20/14 at 1:29 pm to
YEAH BUDDY GET IT LP!!! JUBAN CROSSING GONNA MAKE US RICH!!!
Posted by Rickety Cricket
Premium Member
Member since Aug 2007
46883 posts
Posted on 11/20/14 at 1:30 pm to
Was just a matter of time before people caught on to the good living available in LP. It's a shame, now the BR residents will move in and ruin our nice community.
Posted by CanShakersDecayedNut
Member since Sep 2006
3144 posts
Posted on 11/20/14 at 2:16 pm to
quote:

Home Sales in BR Decline; LP and AP Increase


but the inventory is down by even more than the drop in sales. So your initial statement that people are getting out of BR to head for the land of starter homes is still not right.
Posted by dewster
Chicago
Member since Aug 2006
25395 posts
Posted on 11/20/14 at 4:55 pm to
So you are telling me that areas with a mostly good public school network are more desirable than areas with a mostly shitty public school network?

This isn't exactly shocking news.
Posted by tigerbutt
Deep South
Member since Jun 2006
24604 posts
Posted on 11/20/14 at 5:17 pm to
Continued white flight duh.
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