BR-area home sales up 3.3 percent in June

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Home sales in metro Baton Rouge increased by 3.3 percent in June, despite a sales drop in East Baton Rouge Parish, the largest local market.

There were 880 home sales that closed in June in the nine-parish area, according to figures released Thursday by the Greater Baton Rouge Association of Realtors. That compares with 852 closed sales in June 2013. The biggest monthly gainer was Livingston Parish, where sales were up 28.8 percent from 125 to 161.

“It’s the time of year when folks are getting out of school and there’s a lot of great activity,” said Kay Landry, president of the Livingston Parish Board of Realtors.

Landry, an agent with Re/Max Plus of Denham Springs, said new home construction has picked up around Livingston in the past three to six months, encouraging buyers to enter the market.

“Denham Springs and Walker have been really selling well,” she said. “There’s a new development called Lakeside Estates in Livingston that has been doing well.”

Ascension Parish had a 3.1 percent sales gain from 159 sales in 2013 to 164.

Sales in East Baton Rouge Parish were down by 5 percent in June, going from 503 to 478 over the year.

The median sales price was up 4.8 percent from $177,900 to $186,500 last month.

The average number of days a home was on the market was unchanged at 81.

But the number of homes for sale fell 8.8 percent to 4,017. The supply in months was 5.3, compared with 6.4 in 2013.

The number of new listings on the market was up 12.9 percent from 1,181 in 2013 to 1,333.

Through the first half of the year, there were 4,390 home sales in the metro area, compared with 4,258 through June 2013, a 3.1 percent increase.

Sales were up 11.4 percent in Livingston for the first half of the year, going from 700 to 780. Ascension saw a 3.2 percent gain during the same period, coming in at 843 closed home sales compared with 817 in 2013. East Baton Rouge sales were down 2.6 percent through June, with 2,330 closed sales compared with 2,391 through June 2013.

Landry said total home sales in Livingston Parish, which includes transactions not picked up by the GBRAR, like properties sold by their owners or New Orleans-area Realtors, are on track to top 4,000 in 2014. That would be the highest number in several years. At the same time, the number of foreclosure sales is set to drop from 710 in 2010 to about 450 this year.

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