We made it through the year-long month of April! Let's take a look and see how COVID-19 affected the local real estate market.

ASCENSION PARISH

Average sales prices in April 2020 were 12% higher at $274,466 over the April 2019 average sales price of $244,954. The Sale Price/List Price ratio remained steady at 98.68%. The average days on the market were down by 10 days to 62 in April of 2020 as well. That was the good news. The bad news is that new listings were down 23% while sales were down 24%. April is one of our busiest months. In 2019 we saw 225 homes enter the market in April. There is still a 3.5 month supply of homes on the market in Ascension. Buyers are still in the driver's seat so if you are in the market to sell, make sure that your

March 2020 numbers still look good despite the COVID-19 pandemic.

How is that? The houses that closed in March were already under contract before we were issued a Stay At Home Mandate. We will see the real effect of this pandemic when we look at the April numbers. I will tell you that we have seen a 50% decrease in showings, so expect some not so good news in April.

All that being said, as a whole, the industry feels that housing will bounce back quickly when this is over. There are a lot of pent up buyers that will be ready to make a move as soon as they can move around freely without worry about getting sick.

ASCENSION PARISH

Average sales prices in March 2020 remained steady year over year at $267,822, and there was a slight rise in List to

Ascension Parish

February 2020 brought a 1%YOY increase in sales price to Ascension Parish. We are seeing slow growth in Ascension in relation to what we have seen in the past. Affordability was becoming a real problem so slowing the growth is not such a bad thing.  There is an even number of three and four bedroom homes available with an average sales price of $296,963.

See what a budget of $250,000 - $275,000 will buy you in Ascension Parish. 

East Baton Rouge Parish

February 2020 brought another YOY increase in average sales price to EBR to the tune of 9.2%. East Baton Rouge has definitely seen a good increase in average sales prices. Check out the chart above. East Baton Rouge has almost a four month supply of homes on the market with

Ascension Parish

January 2020 brought a 1%YOY decrease in sales price to Ascension Parish. The number of new listings was down by only 13 and to counter that, there were eight more sales. The year is starting out with 491 properties currently for sale with an average list price of $308,139. If you are looking to purchase there is not a lot of negotiating room. In January, sellers were able to get 98% of their asking price.

East Baton Rouge Parish

January 2020 brought a YOY increase of 8.6% in average sales price to EBR. East Baton Rouge has been all over the place with their average sales prices. Check out the chart above. East Baton Rouge is starting out 2020 with 1,615 homes on the market at an average list price of $379,278. There is a

Ascension Parish Real Estate 2019

Ascension Parish real estate was great in 2019. There were 2,334 homes listed in Ascension Parish in 2019 and 83.03% of them sold. That's 1,938 home sales in Ascension in 2019 compared to the 1,888 sales in 2018. More of the inventory moved in 2019 even though the homes sat on the market for almost a month longer. Continuing the good news, the average sales price was up 2% to $258,783. Interestingly enough, even though we hear that a four-bedroom home will sell better than a three-bedroom home, 1,017 of those sales were three-bedroom homes! Area 90 (Prairieville) is where most of those sales happened. Area (92) is on the move with a 60% increase in sales. The new construction around The Reserve at Conway and Pelican

Ascension Parish Market Stats

In December of 2019 Ascension Parish detached single-family homes saw an average sales price of $246,613. This is a decrease of 8.1% from October of 2018. Sellers had their homes on the market for 60 days. They walked away with 98.55% of their asking price vs 98.57 last year.  Keystone of Galvez and Lakeside Terrace were the hot areas. 

East Baton Rouge Parish Market Stats

In December of 2019, Baton Rouge Real Estate saw an average sales price of $260,947 with their detached single-family homes. This is an increase of 6.7% from Decemberof 2018. Wow! The market in East Baton Rouge has been undoubtedly interesting to follow the past few months. Seller list to sale percentage dropped a bit to 96.99%. Buyers gained a

Ascension Parish Market Stats

In November of 2019 Ascension Parish detached single-family homes saw an average sales price of $246,613. This is a decrease of 8.1% from October of 2018. Sellers had their homes on the market for 60 days. They walked away with 98.55% of their asking price vs 98.57 last year.  Rural homes (not in subdivisions) and Lakeside Terrace were the hot areas. 

East Baton Rouge Parish Market Stats

In November of 2019, Baton Rouge Real Estate saw an average sales price of $248,063 with their detached single-family homes. This is a decrease of 3.6% from October of 2018. Wow! The market in East Baton Rouge has been undoubtedly interesting to follow the past few months. Sellers were able to walk away with 97.7% of their sales

Ascension Parish Market Stats

In October of 2019 Ascension Parish detached single-family homes saw an average sales price of $257,585. This is an increase of 2.2% over October of 2018. Sellers saw their listings stay on the market a week longer than last year, with this year being 60 days. They also walked away with .37% less from their asking price than last year. There were six more homes sold this year than in 2018 as well. Rural homes (not in subdivisions) and Keystone of Galvez were the hot areas. 

East Baton Rouge Parish Market Stats

In October of 2019, Baton Rouge Real Estate saw an average sales price of $278,347 with their detached single-family homes. This is an increase of 17% from October of 2018! Wow! The market in East Baton

     Ascension Parish Market Stats

In August of 2019 Ascension Parish saw an average sales price of $264,620. This is an increase of 8.5% over July of 2018. Sellers saw their listings stay on the market 28 days longer than last year at 71 days. What this tells us is that some of the stale listings are starting to sell. Interestingly enough, sellers still walked away with 98.97% of their asking price. Looking at year over year, the average sales price in Ascension is up 6.6%. Pelican Point and Pelican Crossing were the hot areas. Keep watching that area, with the development of Conway it will continue to grow!

East Baton Rouge Parish Market Stats

In August of 2019, Baton Rouge Real Estate saw an average sales price of $263,462. This is an

Ascension Parish Market Stats

In July of 2019 Ascension Parish saw an average sales price of $254,213. This is an increase of 6.6% over July of 2018. Sellers saw their listings stay on the market only 9 days longer than last year and they did not have to negotiate as much, walking away with 99.24% of their asking price.

East Baton Rouge Parish Market Stats

In July of 2019, Baton Rouge Real Estate saw an average sales price of $248,166. This is a decrease of 3.0% from July of 2018. Remember, we had an increase of a little over 13% last month so the market is just leveling itself out. I have always said, the market is smarter than us! Sellers were able to walk away with 96.11% of their sales price which is 1% more than last year.

The Wrap Up