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Mar 17, 2011
Home Sales Edge Slightly Up on North Shore
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Home sales on the northshore of Lake Pontchartrain are on the rise in the first 3 quarters of 2010 as compared to statistics in 2009. St. Tammany Parish and Tangipahoa Parish are also showing a slowdown in job loss as well for this same time period. Tangipahoa Parish has the largest job gain in the past few months with St. Tammany Parish slightly behind it. If you are looking to buy a home on the north shore in the Greater New Orleans area, contact the St. Tammany Parish home builder - Ron Lee Homes and Hearthstone Homes by Ron Lee for all of your building needs.
Data from the University of New Orleans shows home sales in the five-parish North Shore region climbed slightly in the first nine months of 2010. The numbers indicate a slight nudge for the market that saw a slowdown in activity during the height of the national economic collapse.
UNO’s Institute for Economic Development Director Ivan Miestchovich said the trends through the first three quarters of 2010 signal upward momentum in the single family housing market and a slowdown in the rate at which home prices in the region are falling.
Between January and September, 3,019 single family units were sold in the North Shore region compared with 2,845 in the same span of 2009. Average prices fell just less than 3.5 percent, or from $200,426 in 2009 to $193,435 last year.
The report also provides an overview of economic trends along the Interstate 12 corridor, which includes St. Tammany, Tangipahoa, Livingston, Washington and St. Helena parishes.
The region lost 3,430 jobs, or 2.3 percent, between the first quarter of 2009 and the first quarter of 2010. Tangipahoa Parish accounted for the largest share with 1,395 jobs, followed by St. Tammany with 1,170 jobs.
Those job sectors with the largest jobs losses were construction (1,051) retail (997) and manufacturing (986).
During the same time frame, industries adding jobs on the North Shore were health care and social assistance (594) and professional, scientific and technical services (154).
Housing Declared Bottoming in U.S. After Six-Year Slump
