June home sales jump 13.5% in Capital Region

From the Baton Rouge Business Report:

Halfway through 2012, home sales in the eight-parish region tracked by the Greater Baton Rouge Association of Realtors were up 19% over sales recorded six months into 2011. Year-to-date figures were aided by another strong sales month in June, during which 776 homes were sold, a 13.5% increase over the month last year, according to the GBRAR’s latest tally. Sales numbers have been up every month this year, with a total of 3,739 through last month, compared to 3,142 through June 2011. East Baton Rouge Parish has led the sales increases in 2012, up 19.9% with 2,059, compared to 1,717 last year. Ascension Parish’s rate of increase isn’t far behind, up 19.1% with 710 sales, compared to 596 last year. Livingston Parish sales this year are up 15% to 638, from 555 through June 2011. Sales in the five other parishes lumped into GBRAR’s “other” statistical category—West Baton Rouge, Iberville, East Feliciana, West Feliciana and Pointe Coupee parishes—are up 22.2% at 332, from 274. Total year-to-date volume of homes sold in the entire eight-parish region was $706.5 million through June, up 17% over the $603.4 million sold in the same period last year. See the GBRAR’s complete sales report here.

Real estate recap: New B.R. Galatoire’s groundbreaking Wednesday … Uncle O’s moving into former Brewbacher’s on Sherwood … EBR flood maps go into effect June 19

From the Baton Rouge Business Report:

Fire it up: A groundbreaking celebration for the new Galatoire’s Bistro location, at the corner of Perkins Road and Acadian Thruway, will take place at 11 a.m. Wednesday. Guests will get a sneak peek of the new restaurant, enjoy samples of Galatoire’s signature cuisine and hear from speakers including Galatoire’s lead investor John Georges, Commercial Properties Realty Trust executives and Mayor Kip Holden. The restaurant, scheduled to open in December, will include a bar, private dining space and an outdoor dining area.

Down the road: Local lunch spot Uncle O’s Café Gumbo and Seafood is set to move from its familiar location near the corner of South Harrell’s Ferry and Millerville roads and into a space at 3410 S. Sherwood Forest Blvd., formerly home to Brewbacher’s Grill, owner Ouncy Borne says. With hopes of having the new location open by July, Borne says he decided to relocate to avoid traffic congestion and construction in the area, which he says was affecting sales. “Eventually I just got fed up and decided it was time to go,” he says. Borne intends to serve alcohol in addition to his usual south Louisiana fare at the new location, but does not expect to extend operations past “regular restaurant hours.” Before closing in November 2010, Brewbacher’s had operated at the South Sherwood site for 18 years.

Are you ready? East Baton Rouge Parish homeowners, business owners and renters who do not have flood insurance are being encouraged to buy coverage before new flood insurance rate maps go into effect June 19, in order to get the best possible premiums. You can see the new flood map here. Kyle Jones, chief of staff for the Mayor’s Office of Homeland Security and Emergency Preparedness, says flooding can sometimes occur outside the mapped floodplain. So, while many residents are required by mortgage and lending companies to carry flood insurance, Jones encourages all residents to purchase flood insurance, as the floodplain is ever changing. Learn more at the city-parish’s Red Stick Ready website here.