INCLUDE_DATA

Archive for the ‘Uncategorized’ Category

Pelican Point Real Estate Market Update Through August 2010

Tuesday, September 7th, 2010

Pelican Point Real Estate Market Report

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database on 9/2/2010 and represent home sales between 1/1/2005 and 8/30/2010. The data are presumed accurate but are not warranted.

I have good news and bad news to report about the Pelican Point real estate market. First the bad news… there are more homes on the market than the demand for them. The chart below shows that, overall, there is nearly a 12 month supply of existing homes based upon current absorption rates. For homes priced over $350K there is nearly a 2 year supply.

Pelican Point Real Estate Market Statistics

The next chart gives some cause for optimism. The rate of absorption for existing homes in 2010 shows some improvement over 2009. The absorption rate for new homes, however, is well below the peak of about 5 homes per month being sold in 2005 to about 1 every other month in 2010.

Pelican Point Real Estate Market Statistics

Another bit of good news is that existing homes appear to be holding values fairly well despite the imbalance in supply vs. demand. In 2010, home pricing (in terms of selling price per square foot of living area) has rebounded and, at $122.03/sq.ft., is well above what it was in the previous two years but has not yet recovered to the 2006 level.

Pelican Point Real Estate Market Statistics

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2010 by Don Stern - All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com - email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

Pelican Point Real Estate Market Analysis - Year-end 2009

Thursday, January 21st, 2010

Pelican Point Real Estate Market Report

This report summarizes and compares the Pelican Point housing market in 2009 and compares it with previous years. In terms of unit sales, approximately the same number of homes sold in 2009 as did in 2008. While down slightly from 2008, the re-sale market segment remains ahead of pre-Katrina levels. New construction, on the other hand, is way down from years preceding 2008.

Pelican Point Unit Home Sales

Looking at absorption rates, it is definitely a buyer’s market in the subdivision. There are significantly more homes for sale than demand supports. Home buyers are likely to find bargains while home sellers should set themselves apart from the competition.

Pelican Point Real Estate Absorption Rates

Since Pelican Point is comprised of a number of different filings, each with it own unique characteristics, when examining pricing it is useful to look at individual street addresses. The following chart examines pricing in the resale market segment in terms of the price per square foot of living area. We can see that there has been a softening of prices in many areas. This is, in my opinion, due to the buyer’s market condition that exists. In general, prices in Ascension parish as a whole have held for the resale market.

Pelican Point Home Pricing

The data used in this report were extracted from the Greater Baton Rouge Association of Realtors MLS database. The data are presumed accurate but are not warranted.

As always, I appreciate hearing from readers and I welcome any comments or suggestions for improvement that you may offer.



©2009 by Don Stern - All Rights Reserved

(225)413-3634 phone (866)723-5477 fax

don@thehomevendor.com - email1312

www.TheHomeVendor.com www.DonAndAlishaStern.com

www.LiveAscension.com www.PelicanPointHomes.com

www.WaterfrontPropertyLA.com

MarshallBond.TheHomeVendor.com

Mediterranean Style Golf Course Homes

Thursday, February 26th, 2009

 


Don Stern | Coldwell Banker Mackey Co. | (225) 413-3624
6198 Royal Palms Ct, Gonzales, LA
Mediterranean style golf course home is perfect for entertaining
5BR/3BA Single Family House
offered at $390,000
Year Built 2003
Sq Footage 3,226
Bedrooms 5
Bathrooms 3 full, 0 partial
Floors 2
Parking Unspecified
Lot Size 14,450 sqft
HOA/Maint $38 per month

DESCRIPTION

Large five-bedroom home located in the prestigious Pelican Point Golf Community that sits right on the golf course.

This house is also available for lease. Call for details.

see additional photos below
PROPERTY FEATURES

Central A/C Central heat Fireplace
High/Vaulted ceiling Walk-in closet Tile floor
Family room Living room Bonus/Rec room
Dining room Breakfast nook Dishwasher
Refrigerator Stove/Oven Microwave
Granite countertop Stainless steel appliances Attic
Laundry area - inside Balcony, Deck, or Patio Yard


COMMUNITY FEATURES

Business center Clubhouse Fitness center
Swimming pool(s) Tennis court(s) Golf course
Lake Playground Secured entry


ADDITIONAL PHOTOS


Photo 1

Photo 2

Photo 3

Photo 4

Photo 5

Photo 6
Contact info:
Don Stern
Coldwell Banker Mackey Co.
(225) 413-3624
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Feb 22, 2009, 11:49am PST

Eagles Nest Lot For Sale

Saturday, March 8th, 2008

Don Stern | Coldwell Banker Mackey Co. | (225) 413-3624
40117 Eagles Nest, Gonzales, LA
Garden Home Lot in Pelican Point
8,880 sqft Vacant Land
offered at $65,000
Lot Size 8,880 sqft

DESCRIPTION

One of the last garden home lots in the Eagles Nest section of Pelican Point. Level, golf course lot ready to build on. Tucked in a secluded corner of Pelican Point, Eagles Nest provides a quiet refuge from the hustle and bustle of the world. Highly restricted neighborhood, each home here has a private courtyard fronted by a 6-foot high brick fence.
see additional photos below
ADDITIONAL PHOTOS

Seller contact info:
Don Stern
Coldwell Banker Mackey Co.
(225) 413-3624
For sale by agent/broker

powered by postlets Equal Opportunity Housing
Posted: Mar 8, 2008, 7:32am PST

Tezcuco Ct. Lake Lot For Sale

Saturday, March 8th, 2008

Don Stern | Coldwell Banker Mackey Co. | (225) 413-3624

6277 Tezcuco Ct, Gonzales, LA

Full sized Lake Lot

13,500 sqft Vacant Land

offered at $88,000

Lot Size 13,500 sqft

DESCRIPTION


Full size level lake lot in highly restricted Pelican Point Golf Community subdivision. Located between the Dove Estates and Pelican Roost sections of the subdivision. Call now for a private tour.
see additional photos below

ADDITIONAL PHOTOS


Seller contact info:

Don Stern

Coldwell Banker Mackey Co.

(225) 413-3624

For sale by agent/broker

powered by postlets Equal Opportunity Housing

Posted: Mar 8, 2008, 7:13am PST

As always, I welcome readers to visit my websites at www.DonAndAlishaStern.com, www.TheHomeVendor.com, www.LiveAscension.com or www.PelicanPointHomes.netfor real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Contact me via e-mail1312 or call me at (225) 413-3624 for more information.

Posted in Uncategorized | No Comments »

Pelican Point Commons - Townhome Sales 2002-2007

Sunday, January 27th, 2008

Ascension Parish Real Estate - Pelican Point Townhomes

I have some clients looking for investment property in the Pelican Point Golf Community. Many of the qualifying properties we looked at were townhomes. Previously, my Pelican Point Market Analyses dealt primarily with detached single family homes so I wanted to take a closer look at the sales history with respect to the townhomes. A total of forty-eight recorded sales between January 2002 and present were examined. The first parameter looked at was the selling price. The following chart plots the selling price vs. time. While only 22% of the variation in price is attributable to the time we can see that prices are increasing over time. Between 2002 and present a linear regression analysis calculates that the rate of increase has been about $25.51/day or about $9,311 per year.

Pelican Point Home Sales - Townhome Prices

The next chart plotted selling price per square foot of living area over time. A regression analysis here revealed that over 40% of the variation in pricing is explained by the date of sale. The equation predicts that selling price/sq.ft. is rising by almost $4.75 per year (1.3¢/day).

Pelican Point Home Sales - Townhome Pricing $/sq.ft.

The third chart shows the average price/sq.ft. of townhomes but distinguishes between new homes and homes in the resale market segment. This chart shows some decline in the average home price in the resale market during 2007 but this drop was attributable to a single townhome being sold well below the others.

Pelican Point Home Sales - Townhome Pricing $/sq.ft.

Finally, I looked at the Days on Market statistics for townhomes. One can see that the demand for townhomes historically was not very strong within the subdivision and they tended to remain on the market for months or even years. The following chart shows that, in 2007, townhomes sold much more quickly than in previous years.

Pelican Point Home Sales - Townhome Days on Market

The data used for this analysis was extracted from the Greater Baton Rouge Association of Realtors MLS database. While every attempt was made to ensure accuracy, no warranties are either expressed or implied. Please feel free to leave comments. You can also reach me at (225) 413-3624 or by e-mail1312.

As always, I welcome readers to visit my websites at www.PelicanPointHomes.net and www.LiveAscension.com for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

©2008 by Don Stern - all rights reserved

Technorati Profile

Friday, January 25th, 2008

<a href=”http://technorati.com/claim/3bkudh7b8w” rel=”me”>Technorati Profile</a>

Pelican Point Real Estate - 2007 Year End Summary

Sunday, January 20th, 2008

Pelican Point Real Estate 2007 Year-end Market Analysis

2007 was not a particularly good year for real estate in Pelican Point. Not only was it affected by the gloom and doom reported in the national press and the problems with mortgage lenders but the primary road into the subdivision was closed for nearly six months. Those six months included most of the peak selling season for real estate in our area. Overall, the real estate market in the parish is doing well. Home prices are holding. While unit sales volumes in the parish have dropped below the post-Katrina boom years of 2005 and 2006, they have only dropped back to pre-Katrina levels. I’m encouraged and quite hopeful that 2008 will be a better year for Real Estate in Pelican Point.

Pelican Point Real Estate 2007 Market Statistics

28 new homes and 32 homes in the re-sale market sold during 2007 at an average selling price/sq.ft. of $135.24 and $125.40 respectively.

Pelican Point Real Estate Sales Price 2002-2007

This chart shows that, while the average selling price of new construction grew in 2007, the average selling price of a home in the re-sale market fell by almost 9% from a high of $336K in 2006 to $307K in 2007.

Pelican Point Real Estate Sales Volume 2002-2007

As we said before, 2007 was not a particularly good year for real estate in Pelican Point. This chart show a significant drop in overall sales volume in both market segments but particularly with respect to new home sales.

Pelican Point Real Estate Absorption Rates

With 70 homes currently listed (not counting FSBO’s) for sale within the subdivision, it is a buyer’s market. There is approximately a 14-month supply of homes in both market segments (new and re-sale.) The charts above also show that the highest velocity of home sales in 2007 was in the $130.00-$130.99/sq.ft. price range for new homes and in the $120.00-129.99 price range for homes in the re-sale market segment.

I will be continuing to closely monitor and report on the state of the market so visit often.

Please feel free to leave comments. You can also reach me at (225) 413-3624 or by e-mail1312.

As always, I welcome readers to my websites at www.PelicanPointHomes.net and www.LiveAscension.com for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

Don Stern

Senior Real Estate Consultant

Open House at Pelican Point

Saturday, January 19th, 2008

Pelican Point Home For Sale - Open House

I will be hosting an open house on Sunday, January 20, 2008 from 2-4pm at the town home located at 40020 Champion Tif in the Pelican Point Golf Community.

  • Price $204,900
  • Open floorplan
  • 4 bedrooms / 2 bathrooms
  • Refrigerator, washer and dryer included
  • 1535 sq.ft. of living area
  • Private Courtyard
  • … and much more
  • Furnishing available separately

Enjoy all that the Pelican Point Golf Community has to offer in this low maintenance townhome. Two championship 18-hole golf courses, fishing, tennis, swimming, clubs and so much more. Come take a tour!

For more information please call Don Stern at (225) 413-3624 or send e-mail1312 to don@TheHomeVendor.com.

As always, I welcome readers to visit my websites at www.TheHomeVendor.com or www.LiveAscension.com for real estate information about and to search for homes within the Greater Baton Rouge area. Click here to search for homes.

All things Pelican Point

Saturday, January 19th, 2008

Welcome to my Pelican Point blog.  I am a senior real estate consultant and a Realtor with the Coldwell Banker Mackey Company.  I am also a resident of Pelican Point.  My wife, Alisha, and I moved here in the year 2000 and started building our home in the Eagles Nest section of the subdivision.  I designed the PelicanPointHomes.net website to showcase homes and lots for sale in this subdivision. 

This blog will feature my analysis of the Pelican Point Real Estate market but also my thoughts, opinions, etc. about anything relevant to the subdivision that crosses my mind.  I hope readers enjoy it.  Please feel free to leave your comments or contact me.

Don Stern
don@thehomevendor.com
(225) 413-3624