Best March since '08 closes strong quarter for B.R. home sales
Home sales in the eight-parish region tracked by the Greater Baton Rouge Association of Realtors were up 13.5% in March over 2011 figures—and were the best since 2008. A total of 646 homes were sold throughout the region in March, up from 569 last year (in 2008, there were 729 sales). A strong March rounded out an even stronger first quarter of the year, in which the 1,588 homes sold represented a 16.5% increase over the 1,363 homes sold during the opening quarter of 2011. It was also the best first quarter for sales since 2008. The most noticeable difference between 2012 and 2008 figures is the average sales price. In March, for example, the average was $184,376, down significantly from the $219,139 March average four years ago—but down less from last year's average of $193,198. East Baton Rouge Parish led the sales increase in March, with 362 homes sold, compared to 294 a year ago. Ascension Parish recorded 129 sales on the month, up from 108 last year. Livingston Parish saw a slight decrease in sales, at 98, down 12 from the 110 homes sold in March 2011. GBRAR lumps sales in West Baton Rouge, Iberville, East Feliciana, West Feliciana and Pointe Coupee parishes into the "other" category in its reports. Sales in those five parishes were unchanged on the month compared to last year, at 57.
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