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!
In August of 2019, Baton Rouge Real Estate saw an average sales price of $263,462. This is an increase of 6.8% from August of 2018! Wow! The market in East Baton Rouge is certainly difficult to follow. Sellers were able to walk away with 98.1% of their sales price when last year they only received 94.97%. Hunters Trace and Lake Villas were the hot spots. That whole Burbank area is the place to watch in East Baton Rouge Parish.
The Wrap Up
We can't help but wonder if the big jumps were from July buyers trying to buy last minute before school started in August. Like we mentioned before, in Ascension Parish the place to keep your eye on is the Pelican Point, Pelican Crossing, Conway area. In East Baton Rouge Parish, the Burbank area that includes Hunters Trace and Lake Villas. We are starting to see some appraisals come back not meeting value so it will be interesting to see how that trend continues as we move into the fall season.
Missed the market report for July? Check it out here