I Love Stats- University Club

University Club in Baton Rouge is beautiful.  There’s really nothing else to say about it – the entire design of the development, the high quality homes, the course and member amenities make this neighborhood just about on par with the Country Club of Louisiana.   And with new filings and homes being built, there is plenty of opportunity to get into this great family friendly area.

Here are some interesting market statistics for U-Club from 2016.  These charts compare the entire MLS stats and U-Club in particular.

DOM = Days on Market
Months Supply = How many months it would take to sell the current inventory

screen-shot-2017-01-19-at-10-43-41-amscreen-shot-2017-01-19-at-10-43-53-am

***There were no closed sales in November and December, hence the sudden drop of DOM and Price ratios in those months. ***

U-Club definitely has a seasonal buying and selling attribute, with the Months Supply and Days on Market being somewhat in sync with the rest of the market in the summer months.   The most interesting piece is right after the flood, where suddenly a 10-month supply of homes came on the market and then quickly dissipated back to normal.  Finally, the List Price/Sale Price ratio is very tight at 98%.  This is still a strong seller’s market in not only University Club, but also the market in general.

 

David Madaffari
225-772-3283
David@DavidMadaffari.com

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