East Baton Rouge New Home Sales Comparison May 2011 vs May 2012

East Baton Rouge New Home Sales Comparison May 2011 vs May 2012. While the Median Sales Price is down 2% from 2011, the positives are that Months Supply of New Housing is down 46%, Sold Properties increased 17%, Homes Under Contractincreased 63% and Average Days On Market decreased 14%.

Also, East Baton Rouge Parish Building Permit Office reported yesterday that residential permits were down to only 127 versus 160 a year earlier, also noted in Baton Rouge Buseinss Report’s PM Edition. Also, total valuation in the “Residential” category was way off 2011 with $96,010,978 versus $185,767.416 in May 2011.

East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

Median Sold Price by Month
May-11 vs. May-12: The median sold price is down
2%

East Baton Rouge New Home Sales May 2011 vs May 2012 Median Sold Price by Month - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

Sold Properties by Month
May-11 vs. May-12: The number of sold properties is up 17%

East Baton Rouge New Home Sales May 2011 vs May 2012 Sold Properties by Month - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

Under Contract Properties by Month
May-11 vs. May-12: The number of under contract properties is up 63%

East Baton Rouge New Home Sales May 2011 vs May 2012 Under Contract Properties by Month - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

Months Supply of Inventory
May-11 vs. May-12: The average months supply of inventory is down -45.9%

East Baton Rouge New Home Sales May 2011 vs May 2012 Months Supply of Inventory - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

The Average Days on Market by Month
May-11 vs. May-12: The average days on market is down 14%

East Baton Rouge New Home Sales May 2011 vs May 2012 The Average Days on Market by Month - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

Also:

New Properties by Month
May-11 vs. May-12: The number of new properties is up 12%

For Sale Properties by Month
May-11 vs. May-12: The number of for sale properties is down 6%

Expired Properties by Month
May-11 vs. May-12: The number of expired properties is down 58%

Supply & Demand by Month
May-11 vs. May-12: The number of for sale properties is down 6% and the number of sold properties is up 17%

Presented by Bill Cobb Appraiser with Accurate Valuations Group Home Appraisals

Baton Rouge Home Appraisals Appraisers - East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012

 

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of 05/01/2011 to 06/19/2012. This information was extracted on 06/19/2012.

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East Baton Rouge New Home Sales Comparison May 2011 Vs May 2012