Real Estate Blog

We are continuing the slow down in the market in both Ascension and East Baton Rouge Parishes.

ASCENSION PARISH
Average Sales Price in Ascension was $252,850 down a bit from $261,616. In September, the homes that sold were on the market for 59 days vs. the 53 days in October. Sellers were still able to walk away with 98.62% of their asking price. The slow down we see is that out of 196 homes listed in October, only 75% of those sold compared to the 88% in September.

This leaves us with 682 homes on the market in Ascension Parish with an average price of $311,761.

BATON ROUGE
In Baton Rouge (areas 4, 5 & 6) the October average sales price dropped slightly to $272,948 compared to $277,046  in September. The days on market dropped by 3 days to 58.

80 Views, 0 Comments

WOW! AVERAGE PRICES SAW IN INCREASE SINCE AUGUST FOR ASCENSION PARISH, WHILE EAST BATON ROUGE (AREAS 4,5 & 6) HAVE DROPPED SLIGHTLY IN AVERAGE PRICE.

ASCENSION PARISH
Let’s start by looking a little closer at Ascension Parish. In September the average sales price rose to $261,797  from $244,112. The days on market rose as well. In August, the homes that sold were on the market for 44 days vs. the 60 days in September. Sellers were still able to get 98.9% of their asking price.

Now that we have finished the 3rd Quarter, let’s take a look to see where we stand in comparison to last year at this time. We have basically sold the same amount as last year this time with prices jumping from an average of $234,537 to $249,346. Sellers were still getting 98%

74 Views, 0 Comments

WOW! AVERAGE PRICES SAW IN INCREASE SINCE JULY FOR ASCENSION PARISH, WHILE EAST BATON ROUGE (AREAS 4,5 & 6) HAVE DROPPED IN AVERAGE PRICE.

Let’s start by looking a little closer at Ascension Parish. In August the average sales price rose to $244,112 from $237,979. The days on market were a little better as well. In July, the homes that sold were on the market for 51 days vs. the 44 days in  August. Sellers were able to get 98.9% of their asking price. Compared to August of last year we did well stayed about the same in that category. Last year 85% of the homes listed sold and this year we saw only 64%.

In Baton Rouge (areas 4, 5 & 6) the August average sales price dropped to $279,320 compared to $297,060  in July. The days on market remained nearly

77 Views, 0 Comments

BOTH AVERAGE AND MEDIAN PRICES HAVE DROPPED SINCE JUNE FOR ASCENSION PARISH, WHILE EAST BATON ROUGE (AREAS 4,5 & 6) HAVE RAISED IN AVERAGE PRICE AND REMAINED STEADY AT MEDIAN PRICE.

Let’s start by looking a little closer at Ascension Parish. In July the average sales price dropped to $239,052 from $263,031. The days on market were a little longer as well. In July, the homes that sold were on the market for 51 days vs. the 47 days in June. Sellers were able to get 98.6% of their asking price.

In Baton Rouge (areas 4, 5 & 6) the July average sales price was $296,790 from $275,291 in June. The days on market for those sold homes were up to 61 days. While average sales price was up, sellers were only able to get 94.78% of their list price.

WHAT IS MY

92 Views, 0 Comments

Ascension Parish

In May 2018, there were 299 homes listed in Ascension Parish with 182 of those selling. Those sellers received 98.71% of their asking price. The Average Sales price of those homes was $251,970.

There are currently 650 homes available in Ascension with an average list price of $326,837. If you are looking for a 3-4 bedroom house, there are 576 of those with an average price of $303,989.

Last month we stated that we felt we were moving into a more balanced market. This month we really see that happening. The percentage of homes that listed vs those that sold dropped 6%. The inventory is growing. As a seller, that means that you will have more competition out there so expect those sellers to negotiate a little harder with you than

89 Views, 0 Comments

Summertime Real Estate

Ah! Summertime…backyard barbeques, pool parties, family vacations, beach trips and my favorite, the smell of sunscreen. (I was a Florida kid)

Summertime is a busy time of year. Most families take their big vacations during the summer since the kids are out of school and the weather is favorable almost everywhere.

All those things are wonderful but can wreak havoc when trying to buy or sell a house during the summer. You see, the seller’s best selling seasons are Spring and Fall. When the summer kicks into gear, sellers want to have their house sold already so they can use the summer to get settled into their new home. This is especially true if they have kids.
As a buyer, you may not have much to choose from if you didn’t

366 Views, 0 Comments

If you are a first-time homebuyer, this is a scary time for you.  You are about to make the most significant purchase of your life, and you are probably scared to make a final decision. What home is right for you?

Let us help you here with three powerful points to start:

  1. An ethical real estate agent will NEVER EVER pressure you into buying a house.
  2. You will instinctively know that you have found the right house. Trust your gut.
  3. You may want to “sleep on it” and make your decision the next day. DO NOT, I repeat, DO NOT do this if your agent advises you not to.

Let’s talk about these three points a little bit more.

Your agent may tell you that there is much activity on the house and you should act fast. This information is not to

102 Views, 0 Comments

Ascension Parish

In April 2018, there were 244 homes listed in Ascension Parish with 164 of those selling. Those sellers received 98.65% of their asking price. The Average Sales price of those homes was $251,030.

There are currently 589 homes available in Ascension with an average list price of $327,391. If you are looking for a 3-4 bedroom house, there are 528 of those with an average price of $304,848.

We are starting to see homes sit on the market a little longer than they did last year although pretty even with last month. I feel like we may be moving to a more balanced market and we will feel that more and more as we move through summer.

East Baton Rouge Parish

In April 2018, there were 468 homes listed in areas 4,5 & 6 in East Baton

107 Views, 0 Comments

Ascension ParishAscension and East Baton Rouge Parish Real Estate market update March 2018

In February we wondered what March would bring. We guessed it...there was a little leveling in the market. February was HOT y'all! In March we saw a steep decline in sales volume. We believe this is short-lived and may have been caused by a shock to buyers over rising interest rates. They may have held off thinking the rates would go back down. Unfortunately, that is not what we have seen. Rates are still climbing. Median price went down a little as well.

Don't freak out yet. We think this was just a blip recorrecting the big jump in February. Spring selling season has sprung and we are super busy!

East Baton Rouge Parish

East Baton Rouge Parish saw another increase in sales units again in March while their median sales price

86 Views, 0 Comments

Ascension ParishFebruary 2018 Market Stats for Ascension Parish and East Baton Rouge Parish

Ascension Parish was HOT in February! Look at the uptick in the median sales price, up 14%! I believe that is because we are still in a buyer's market and with not a lot of inventory, sellers were able to push those prices up. The volume was up and that coincides with the low inventory. BUT... see those days on market? They are inching up. Makes me wonder what is in store for March reporting. With interest rates climbing a little I wonder if we will see a little leveling in the market.

East Baton Rouge Parish

East Baton Rouge Parish had a slight uptick in median sales price in February.  To offset that maintenance, there was quite an increase in volume, 20%  The days on market in EBR remained steady. I believe there is a leveling

87 Views, 0 Comments

Sign up for email updates