Local Real Estate Market Update: July, 2020

What’s really going on in the local real estate market?  We have your latest update here!

While our daily business may look different than it did at the start of the year, real estate transactions are happening every day.  In fact, the local greater Baton Rouge real estate market, so far, has not seen the dramatic reductions in activity that many across the country have experienced.

Let’s take a closer look…

The data below is a summary of sold residential properties for the first half of 2020 (January-June), compared to the same time period in 2019.

Residential Properties only.  Report pulled 07/09/2020 covering all GBRAR MLS and reflects the first 6 months of residential activity each year. 

While unit sales are down slightly so far in 2020, the dollar sales represented a 1% increase. The average sales price continues to increase, reflecting a 2.8% rise for the first 6 months of 2020. Average days on the market remained steady, as did the percent of sale price to list price. Inventory still remains low, reflecting a 4.2 month supply.

This means that if no new homes were to be placed on the market, it would take 4.2 months for every current listing to sell.  The real estate industry considers a 6 to 8 month supply of inventory to be healthy.

This means that if you are considering selling your home, now is a great time to list your house, as the demand is still great. 

Mortgage rates are still historically low for buyers and housing demand is strong for sellers.  Both scenarios provide great opportunities for those looking to buy, sell or invest in real estate right now.  

Coldwell Banker ONE Realtors are proud to be your trusted real estate advisors 💙🏡 We are taking extra precautions to make sure that we, and our clients, are safe.  And, we are here to provide you the same excellent service, while meeting your specific needs.

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We are more than just your Realtors;

We are your neighbors!

Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

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Author: David G. McKey, Coldwell Banker ONE Broker/Owner

Data Source: Greater Baton Rouge Association of Realtors MLS. 07/09/2020

The information above is believed to be accurate but not guaranteed.

Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.

Scott Saporito Earns e-PRO Certification

Coldwell Banker ONE Realtor, Scott Saporito, has been awarded the nationally recognized e-PRO certification.  The National Association of Realtors^® (NAR) awards the e-PRO certification to Realtors^® who meet the requirements and successfully complete the comprehensive and interactive certification course.  Scott joins the ranks of e-Pro certified Realtors^® who have the experience, expertise, technology and tools to meet the demands of today’s buyer and seller.

“NAR’s e-PRO® certification program helps REALTORS® master the advanced digital marketing techniques of today.  With the e-PRO® certification, REALTORS® increase their ability to reach customers, expand their capabilities, and build trust by safeguarding client information.” – National Association of Realtors 

Scott is a full-time Coldwell Banker ONE Realtor who specializes in real estate in the greater Baton Rouge area.  He and his family live in Prairieville, Louisiana.  In addition to the e-PRO certification, he has earned his Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), Pricing Strategy Advisor (PSA), and Military Relocation Professional (MRP) certifications from the National Association of Realtors as well his Smart Home Designation from Coldwell Banker in partnership with CEDIA, the leading trade association for 22,000 smart home manufacturers and installers.

See more about Scott Saporito and start your home search at

ScottSaporito.com

For more information about the e-PRO certification, visit epro.Realtor

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market? Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

Independently owned and operated.  Licensed in Louisiana

Home Offices to Make Working from Home Easy!

Have you been working from home during Louisiana’s stay at home order?  And, have you now realized that your home office may not be up to par?  Don’t worry!  These Coldwell Banker ONE listings feature fabulous home office spaces ready for you.

18544 Womack Rd, Baton Rouge LA 70817 Listed by Coldwell Banker ONE Realtor, Mary Lobos (Photo is virtually staged)

What’s better than a single work station?  A double work station!  This listing boasts a touch of country with all of the amenities of the city.  It has been renovated with great design, amenities and finishes that are sure to please.  In addition to the four bedrooms and two and a half bathrooms, this home features a huge game room and a designated office space.  This office is equipped with double computer desks and offers a lovely view of the park-like setting that is the home’s yard.  So, grab a partner and come try out this fabulous work space!

See more about this listing by clicking here.

18544 Womack Rd. Baton Rouge 70817
Listed by Coldwell Banker ONE Realtor, Mary Lobos

2004 Lac Cache Ct. Baton Rouge, LA 70816 Listed by Coldwell Banker ONE Realtor, Matt Noel

This upscale townhouse sits in a quaint gated community on the lake and features an array of amenities both inside and out.  Every space is expertly designed, including this lovely nook that creates the best work space.  And, as a reward for a hard day’s work, you can step outside and enjoy an evening stroll along the walking paths around the lake.

See more about this listing by clicking here.

2005 Lac Cache Ct. Baton Rouge 70816
Listed by Coldwell Banker ONE Realtor, Matt Noel

Expecting visitors to your home office?  This one may be perfect for you!  Not only does this home feature three bedrooms and two and a half bathrooms, but it also includes a fourth room downstairs in the front of the home that has a separate entrance.  Your visitors can come see you at your home office without walking through your home!

See more about this listing by clicking here.

12415 Windermere Oaks Ct. Baton Rouge, LA 70810
Listed by Coldwell Banker ONE Realtor, Charisse Hanchey

Interest rates are low for buyers and housing demand is strong for sellers.  Overall, right now is an excellent time to buy, sell or invest in real estate.  And, Coldwell Banker ONE Realtors are your local real estate experts!  We are here to answer your questions and help you through the process.

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

Independently owned and operated.  Licensed in Louisiana

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Author: Adrienne Frierson

 

Local Real Estate Market Update: Q1 2020

The first quarter of 2020 has been anything by normal.  The world reacted to the outbreak of COVID-19, and Louisiana’s Governor announced a statewide stay at home order for all nonessential businesses.  The real estate industry, however, did not fall in the nonessential category.  While our daily business may look different than it did at the start of the year, real estate transactions are happening every day.

Our market, so far, has not seen the dramatic reductions in activity that many across the country have experienced.  The data below is a summary of sold residential properties for the first quarter of 2020 (January-March), compared to the same time period in 2019.

	2019	2020	Change
Total Unit Sales	2219	2352	Up 6%
Total Dollar Sales	$ 494.9 Million	$ 552.4 Million	Up 11.6%
Average Sale Price	$ 222,459	$ 234,004	Up 5.2%
Median Sale Price	$ 199,000	$ 204,965	Up 3.0%
Average Days on the Market	76days	80 days	Up 4 days
% Sale Price/List Price	96.2%	97.4%	Down 1.2%
# Active Listings (March)	5479	3708	Down 32%
Monthly Supply of Inventory	6.1 Months	4.0 Months

The report was pulled on April 14, 2020, and these numbers represent residential sales for the first quarter of each year, as reported to the Greater Baton Rouge Association MLS as of that date.  This data may vary some as additional sold properties are added.

In almost every category, the first quarter of 2020 outperformed the first quarter of 2019.  We saw an increase in unit and dollar sales as well as sale price.

The month of March presented a significant decrease in monthly supply of inventory, compared to the same month last year, resulting in a 4 month supply of inventory in March, 2020.  This means that if no new homes were to be placed on the market, it would take four months for every current listing to sell.  The real estate industry considers a 6 to 8 month supply of inventory to be healthy.  This low inventory may make it tough for buyers who want choices to consider as they search the market for a home to purchase.  At the same time, if you are considering selling your home, now is a great time to list your house, as the demand is still great.  Mortgage rates are still historically low for buyers and housing demand is strong for sellers.  Both scenarios provide great opportunities for those looking to buy, sell or invest in real estate right now.  

Mortgage rates are still historically low for buyers and housing demand is strong for sellers.  The opportunities are great, if you’re looking to buy, sell or invest in real estate.

Coldwell Banker ONE Realtors are proud to be your trusted real estate advisors 💙🏡 We are taking extra precautions to make sure that we, and our clients, are safe.  And, we are here to provide you the same excellent service, while meeting your specific needs.

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We are more than just your Realtors;

We are your neighbors!

Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

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Author: David G. McKey, Coldwell Banker ONE Broker/Owner

Data Source: Greater Baton Rouge Association of Realtors MLS. 04/14/2020

The information above is believed to be accurate but not guaranteed.

Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.

Kitchens to Inspire Your Inner Chef

 

Here in south Louisiana, we LOVE an opportunity to get together with lots of friends and family over a fabulous meal, and we are lucky to have some of the world’s best cuisine right here in our back yard.  While we can’t eat out at our favorite restaurants right now, many of us are taking advantage of curbside pickup or sharpening our culinary skills and enjoying five-star meals at home.

Here are a few dreamy kitchens that will surely inspire your inner chef to whip up delicious meals:

23456 Hoo Shoo Too Road, Baton Rouge, LA 70817 Listed by Coldwell Banker ONE Realtor: Portia Raff

A large, open space sets the scene for culinary art in this listing on Hoo Shoo Too Road in Baton Rouge, Louisiana.  Amenities that take the luxury to the next level include custom cabinetry with soft close drawers, beaten metal hardware, granite counter tops, amazing tiled backsplash, and a large island!

Meals here will feel like you are dining in your own private escape, as this estate sits on six acres.

See more about this listings by clicking here.

23456 Hoo Shoo Too Road, Baton Rouge, LA 70817
Listed by Coldwell Banker ONE Realtor: Portia Raff

8021 Old Normandie Lane, Baton Rouge, LA 70806 Listed by Coldwell Banker ONE Realtor, Libby Ammon

The perfect palette for a phenomenal meal: high end appliances, a large granite island, and a wall of windows offering views of the fabulous yard and patio. And, when you need a change of scenery for inspiration, you’ll love honing your cooking craft outside, in this home’s outdoor kitchen that features a lovely fireplace and extended patio.

See more about this fabulous 4 bedroom, 4.5 bathroom listing, conveniently located in the Old Goodwood area of Baton Rouge, Louisiana by clicking here.

8021 Old Normandie Lane, Baton Rouge, LA 70806
Listed by Coldwell Banker ONE Realtor, Libby Ammon

18544 Womack Road, Baton Rouge LA 70817 Listed by Coldwell Banker ONE Realtor, Mary Lobos

A touch of country with all of the amenities of the city!  This gorgeous property boasts an equally gorgeous home that was renovated with great design and finishes.  Specifically, the custom designed kitchen is striking with light colors, a large granite island, black stainless appliances, and an expanded breakfast area (or formal dining room), complimented by a butler’s pantry and wet bar that transcends into the living area.

See more about this dream kitchen by clicking here.

18544 Womack Road, Baton Rouge LA 70817
Listed by Coldwell Banker ONE Realtor, Mary Lobos

16027 Hickory Knoll Ave, Baton Rouge, LA 70810 Listed by Coldwell Banker ONE Realtor, Libby Ammon

This one has it all!  You’ll be able to prepare your meal with the desired luxury amenities, including granite countertops, stainless steel appliances, commercial quality gas stove with six burners, and a 42″ built-in refrigerator.  Then, enjoy your delicious creation in your kitchen, by the fireplace in the adjoining keeping room, or on your patio while taking in the beautiful lake views.

With five bedrooms, four full bathrooms, and a bonus room, you’ll have plenty of space to relax, entertain, or social distance.

See more about this listing, located off of Highland Road in Baton Rouge, Louisiana, by clicking here.

16027 Hickory Knoll Ave, Baton Rouge, LA 70810
Listed by Coldwell Banker ONE Realtor, Libby Ammon

2005 Lac Cache Ct. Baton Rouge 70816 Listed by Coldwell Banker ONE Realtor, Matt Noel

These listings provide double the opportunity!  Located in a quaint gated community on the late, these upscale townhomes feature an array of amenities inside an out.  Specifically, the kitchen boasts slab granite counters, stainless appliances and a center island.  But, no matter what happens in the kitchen, your meals will always taste fabulous on the private courtyard, taking in the lovely lake views.

A rare find! Currently, a set of double doors connects these two units in Lac Cache Garden in Baton Rouge, Louisiana.  However, they can be eliminated the doors upon the purchaser’s request.

See more about 2004 Lac Cache Ct. by clicking here.

And, see more about 2005 Lac Cache Ct. by clicking here.

2005 Lac Cache Ct. Baton Rouge 70816
Listed by Coldwell Banker ONE Realtor, Matt Noel

2004 Lac Cache Ct. Baton Rouge 70816 Listed by Coldwell Banker ONE Realtor, Matt Noel

2004 Lac Cache Ct. Baton Rouge 70816
Listed by Coldwell Banker ONE Realtor, Matt Noel

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

Independently owned and operated.  Licensed in Louisiana

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Author: Adrienne Frierson

Toni Hayes Earns SRS and ABR Designations

Toni Hayes a Realtor with Coldwell Banker ONE, has been awarded the Seller Representative Specialist (SRS) designation and the Accredited Buyer’s Representative (ABR) designation.  Both are official credentials of the National Association of REALTORS^®.

The ABR designation represents the benchmark of excellence in buyer representation, and the SRS designation is the premier seller agency designation in the country.

Toni joins an elite group of real estate professionals around the world who have earned both the the ABR and SRS designations.  All were required to successfully complete necessary courses, pass comprehensive exams and subscribe to the REALTOR® Code of Ethics.

“Toni is a true professional Realtor,” said Coldwell Banker ONE Broker/Owner, David McKey. “She is committed to continued education and dedication to satisfying the needs of her clients by providing them with the highest level of support and knowledge available.”

Toni is a full-time Coldwell Banker ONE Realtor who specializes in real estate in the Baton Rouge area and surrounding areas.

See more about Coldwell Banker ONE Realtor, Toni Hayes, and search all homes for sale in our market by visiting her website.

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

Independently owned and operated.  Licensed in Louisiana

SRS is wholly owned by REBI and focuses specifically on representing the real estate seller. Founded in 1968, REBI is a not-for-profit affiliate of the National Association of REALTORS^®. You may contact REBI by telephone, 800-621-8738, by e-mail, [info@rebinstitute.com], or by visiting the SRS website, [www.SRSCouncil.com].

Coldwell Banker ONE Realtors Honored with International Coldwell Banker Awards

We are proud to announce that the following Coldwell Banker ONE Realtors  were honored as members of the respective Coldwell Banker International Societies.  Based on their 2019 achievements, these distinguished memberships were awarded to the top Coldwell Banker Realtors, worldwide:

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  A Coldwell Banker ONE Realtor is here to help!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809 – 225-925-2500

16573 Airline Highway, Prairieville, LA 70769 – 225-673-2600

Licensed in Louisiana.  Independently Owned and Operated.

Catherine Lawrence Receives Accredited Buyer’s Representative (ABR) Designation

BATON ROUGE, February, 2020 — Catherine Lawrence, a Realtor with Coldwell Banker ONE, has been awarded the Accredited Buyer’s Representative (ABR) designation.  This designation is an official credential of the National Association of REALTORS^® and represents the benchmark of excellence in buyer representation.  Catherine joins an elite group of real estate professionals around the world who have earned the ABR designation.

“Catherine is a true professional Realtor,” said Coldwell Banker ONE Broker/Owner, David McKey. “She demonstrates the highest professional standards and dedication to satisfying the needs of her clients by providing them with the highest level of support available.”

Catherine is a full-time, Coldwell Banker ONE Realtor who specializes in real estate in the greater Baton Rouge area.

See more about Catherine and start your home search at

CatherineLawrenceRealtor.com

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Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

Independently owned and operated.  Licensed in Louisiana

Local real estate market update – January, 2020

 

The past 10 years in real estate was a time of slow and steady growth.  Interest rates were low enough to make buying a home affordable for most Americans.  The lack of inventory, however, did have a bearing on the ability of some to find the right home that fit their needs.

We recapped the twelve months of 2019 in the chart below, as it compared to 2018:

The report was pulled on January 19, 2020, and these numbers represent residential sales reported to the Greater Baton Rouge Association MLS as of that date.  This data may vary some as additional sold properties are added.

As reflected in the numbers above, we again saw steady growth in our market. Number of units sold was up 2.2% with dollar volume of sales up just over 6%.  Average sale price and medium sale price each rose slightly during the year as interest rates remained low.

We saw steady growth in the greater Baton Rouge area real estate market

A robust economy should keep demand up in the first half of 2020. With this being an election year, it will be interesting to see what impact that factor might have on real estate.

We are more than just your Realtors;

We are your neighbors!

Coldwell Banker ONE Realtors are your local real estate experts.  We service the entire greater Baton Rouge and surrounding areas, including Ascension Parish, Livingston Parish, East Feliciana Parish, West Feliciana Parish, East Baton Rouge Parish, and West Baton Rouge Parish, Iberville Parish, Point Coupee Parish, and St. Helena Parish.

Do you own a home in the greater Baton Rouge or surrounding areas?  Are you looking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONE Realtors have got you covered!

Start your home search at www.ColdwellBankerOne.com

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com

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Author: David G. McKey, Coldwell Banker ONE Broker/Owner

Data Source: Greater Baton Rouge Association of Realtors MLS. 01/19/2020

The information above is believed to be accurate but not guaranteed.

Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.

Coldwell Banker Commercial ONE Recognizes Top Producers – Commercial Real Estate

Coldwell Banker Commercial ONE Realtors gathered on Tuesday, January 28, 2020 for their annual awards recognition at the Baton Rouge Country Club.

 “This is a group of true professionals and leaders in the real estate industry,” said Broker/Owner, David McKey.  “They demonstrate the highest professional standards and dedication to satisfying the needs of their clients by providing them with the greatest level of support.  In addition, they are also committed to the continued philanthropic support of our community, the greater Baton Rouge area.”

These Coldwell Banker Commercial ONE Realtors were also recognized for their individual sales performance in 2019:

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CBCommercialOne.com

225-925-2300

5025 Bluebonnet Blvd. Baton Rouge, LA 70809

About Coldwell Banker Commercial ONE 
Coldwell Banker Commercial ONE has been serving the greater Baton Rouge, Louisiana area since the 1940s. The firm’s expertly trained, full time, professional commercial Realtors are prepared to give their clients the best service in the industry.  For additional information, call 225-925-2300 or visit www.CBCommercialOne.com

Licensed in Louisiana.  Independently Owned and Operated.