Capital Region home sales 7.7% ahead of 2009

From Baton Rouge Business Report

Through the first six months of the year, Capital Region home sales are running 7.7% ahead of last year’s pace. According to the Greater Baton Rouge Association of Realtors Multiple Listing Service, 3,576 homes have been sold in metro Baton Rouge for the first six months of the year. That compares with 3,320 MLS sales through June 2009. The average sale price is slightly down, reflecting the first-time sales that have spurred most of the activity. The average sale price was $193,107 as of June, compared with $193,683 in June 2009.

Livingston Parish has seen the biggest increase in sales. There were 658 homes sold in the parish during the first six months of the year, compared with 522 as of June 2009. The average sale price was $161,793, down slightly from the $164,793 average in 2009.

Ascension Parish has also seen a double-digit increase in sales. There were 749 homes sold in the parish during the first six months of the year, compared with 630 as of June 2009. The average sale price was $198,170, down from $209,524. East Baton Rouge had the highest average sale price, despite reporting a drop in year-to-year transactions. There were 1,918 homes sold in the first six months of the year, compared with 1,970 sales as of June 2009. The average sale price was up, from $199,593 to $204,474. In the other category, which includes MLS sales in parishes such as West Baton Rouge, Iberville and the Felicianas, there were 251 sales, for an average of $173,228, compared with 198 sales in 2009 for an average of $160,635.