About Prairieville's Manchac Harbor

Manchac Harbor is a subdivision located in Prairieville, LA which features homes in both the new construction and re-sale market segments that are generally priced in the $300's.

The subdivision is located off of Hwy 42 approximately three miles from Airline Hwy.  It featurs homes mostly in the French Country architectural style.

The following market analysis is based upon data extracted from the Greater Baton Rouge Association of Realtors MLS database.  The data extracted were for detached single family homes sold between January 1, 2003 and February 29, 2008.  Current inventory was set at the time of data extraction.

We can see from the chart above that home prices have continued to rise although no sales had yet been recorded by 2/29/08 to see if the trend continued.

Despite the Concept Development fiasco which stalled home sales in the 3rd filing of the subdivision and impacted 2005 home sales, we can see that unit sales have been relatively steady selling about two new homes every three months.

As elsewhere in the parish, this subdivision suffers from an oversupply of new homes priced over $350K possibly creating opportunities for a savvy home buyer.

Although homes in the 2500-2999 living area range accounted for nearly half of 2007 home sales, the current inventory of these homes represents almost eleven months supply if 2008 new home sales become similar to 2007 home sales.  As previously pointed out, however, there were no sales recorded for the year as of 2/29/08.

If you have any questions about this analysis, if you would like additional information or you'd like to discuss buying or selling a home then I'd very much like to speak with you.

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-mail or call me at (225) 413-3624 for more information.

©2008 by Don Stern - All Rights Reserved