Welcome To Zachary Louisiana 2014
Welcome To Zachary Louisiana 2014
Welcome To Zachary Louisiana 2014
Welcome To Zachary Louisiana 2014

Zachary Louisiana Housing Market 20 Housing Market Facts 

Here are Twenty (20) quick statistics for the Zachary Louisiana Housing Market of East Baton Rouge Parish for all of 2013 and considering that Interest rates went up over 1% in 2013. The information below is for ALL type property types.
1.) Total Number of Zachary LA Home Sales 379

2.) Number of Sales increased by 78 or +25.9%, from 301 in 2012 to 379 in 2013.

3.) Dollar Sold Volume increased by 25%, $64,014,563 in 2012 versus $79,921,961 in 2013

4.) Total Number of Zachary LA NEW Home Sales 131

5.) New Home Sales Make Up 34.6% of ALL sales

Redwood Lake Sudivision Zachary LA 70791
Redwood Lake Sudivision Zachary LA 70791

6.) Number of Zachary Distressed Home Sales were 70 in 2013 or VERY HIGH 18.5%

7.) Distressed Sales INCREASED by 34.6% in 2013, from 52 in 2012 to 70 in 2013

8.) Days on market it takes to sell a home improved by 19 days, averaging 112 days in 2013.

9.) Listing To Sales Price Ratio remained at 98%.

10.) Average sales price DECREASED by 1% in 2013, $212,672 in 2012 to $210,320 in 2013

11.) Median sales price was unchanged in 2013, $190,000 in 2012 to $190,542 in 2013

Zachary LA 70791 Audubon Lakes
Zachary LA 70791 Audubon Lakes

12.) Cash Sales made up 7.1% of ALL sales in 2013 or 27 sales. This is an increase from 2012 of 22 sales.

13.) FHA sales remained the same despite FHA implementing Permanent Mortgage Insurance for the life of the loan, 71 sales in 2012 versus 72 sales in 2013.

14.) Average price per square foot rose 1.7% this year, $105.22/sf in 2012 versus $106.96/sf in 2013

15.) Foreclosure Sales INCREASED by 5.3% in 2013, 38 in 2012 versus 40 in 2013.

16.) Number of Home Sales Over $250,000 92 or 24.3% of all sales.

17.) Number of Home Sales Over $400,000 14 or 3.7% of all sales.

18.) Lowest Sales Price $29,000.

19.) Highest Sales Price $649,900.

20.) Top 5 Selling Subdivisions in 2013 were Sandy Creek, Oaks of Zachary / The Oaks Reserve,
Windsor Place, Copper Mill Golf and Redwood Lake.
BONUS FACT:
Going into 2014, there are 59 Pending Listings, which is a good sign for Zachary’s economy, furniture sales, home improvement center sales, etc..

NOTE: Distressed Sales are Auction, Third Party, Foreclosure, REO, Corporate Relocation, Short Sale, Estate, Lis Pendens, Court Approved Sales.

NOTE: Average Days On Market I’m reporting is Average Continuous Days On Market.

GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2012 to 12/31/2013, extracted on 02/02/2014.

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