Local real estate market update

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Fall weather and football season is here, and the holidays are right around the corner.  What a great time of year and great time to be a resident of south Louisiana!  Coldwell Banker ONE Realtors are asked all of the time how our real estate market is doing in the Baton Rouge area.  The answer:  It’s on target to equal or exceed what we did in 2018.  The numbers below from data pulled from the Greater Baton Rouge area according to the GBRAR MLS records certainly indicate that to be true.  The data below is a summary of sold residential properties for the first 3 quarters of 2019 (January-September), compared to the same time period in 2018.

2018 2019 Change
Total Unit Sales 8400 8399 ———-
Total Dollar Sales $1,895.1 Million $1,970.8 Million Up 4.0%
Average Sale Price $ 224,786 $ 233,511 Up 3.9%
Medium Sale Price $ 199,900 $ 207,375 Up 3.7%
Average Days on the Market         61 days 70 days Up 9 days
% Sale Price/List Price 97.1% 97.2% ———-
# Active Listings (Sept) 5433 5707 Up 5.0%
Monthly Supply of Inventory         6.13 Months 6.44 Months
The report was pulled on October 9, 2019.  This data may vary some as additional sold properties are added.

As reflected in the above numbers, average sale price and medium sale price showed a modest increase of just under 4%.   Unit sales remained stable and total dollar volume also increased around 4%.  The average days on the market increased by 9 days, to 70 days.  We have seen this upward trend in days on the market recently as inventory of active listings has been increasing.  Interest rates have remained low and very affordable through the year.  Overall, we still have a healthy real estate market in Baton Rouge and the surrounding areas.

Interest rates remain low, and it is anticipated that we will see a good real estate market through the remainder of the year.  If you are looking to buy or sell real estate – now is a great time!

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

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5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 10/09//2019
The information above is believed to be accurate but not guaranteed.
Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.

Coldwell Banker ONE Realtors support Pat’s Coats for Kids

 

Coldwell Banker ONE is proud to be a major sponsor of Pat’s Coats for Kids and through our year-round fundraising efforts, we have been able to help supply warm coats to thousands of children in the greater Baton Rouge area over the years.

We are more than just your local real estate experts.  We are your neighbors.  

You, too, can support Pat’s Coats for Kids and help keep the children in our community warm this winter by making a monetary donation of any amount.

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For every $20.00 donated, a new, high-quality coat will be purchased for a child in need in our area.

To donate, you may drop off or mail your check to: Coldwell Banker ONE, attn: Pat’s Coats for Kids, 5025 Bluebonnet Blvd, Baton Rouge, LA 70809.  Or, call us at 225-925-2500.  Please make all checks out to Pat’s Coats for Kids.

Kids grow.  Coats don’t.  Thank you for your continued support as we work together to meet the growing needs of our area’s children this winter.

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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 

cropped-cropped-cbone-logo-fixed-2014.jpg

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.

Coldwell Banker ONE Realtors Complete Specialized Listing Training

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Coldwell Banker ONE is proud to announce that the following Realtors recently completed the Realtor Listing Mastery Program, Outlist/Outlast.

From this intensive program, these Coldwell Banker ONE Realtors acquired master level expertise to provide even better service to their clients!

Charlotte Burris

Gabriel Fontenot

Catherine Lawrence

Nancy Lemoine

Denise Morrison

Becky Murrell

Amy Poe

[Click on any Realtor’s name for more information]

This a powerful, live, listing mastery program boasts a strong focus on master level expertise and practiced techniques.

This industry-leading listing training is one of the many training opportunities offered at Coldwell Banker ONE.  Our focus is to provide the industry’s best training FREE for every Realtor at every level, because it’s the foundation for every Coldwell Banker ONE Realtor’s continued success.

Start your home search at

ColdwellBankerOne.com


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 

cropped-cropped-cbone-logo-fixed-2014.jpg

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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Coldwell Banker ONE Realtors Host Fundraiser to Support Pat’s Coats for Kids

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On Thursday evening, July 18, 2019, Coldwell Banker ONE Realtors hosted a fundraising event for Pat’s Coats for Kids at Painting with a Twist in Baton Rouge.  The event was sponsored by Barbee Pipes, who is a loan officer with Iberia Bank, and Roxanne Mckenzie, Title Attorney with Title Stream.

“Coldwell Banker ONE is proud to be a major sponsor of Pat’s Coats for Kids and, through our annual fundraising efforts, we have been able to help supply warm coats to thousands of children in the greater Baton Rouge area over the years,” said Coldwell Banker ONE Broker/Owner, David McKey.  “The need never goes away.”

You, too, can still support Pat’s Coats for Kids and help keep the children in our community warm this winter by making a monetary donation of any amount.

For every $20.00 donated, a new, high-quality coat will be purchased for a child in need in our area.

To donate, you may drop off or mail your check to: Coldwell Banker ONE, attn: Pat’s Coats for Kids, 5025 Bluebonnet Blvd, Baton Rouge, LA 70809.  Please make all checks out to Pat’s Coats for Kids.

Thank you for your continued support as we work together to meet the growing needs of our area’s children this winter.


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 

cropped-cropped-cbone-logo-fixed-2014.jpg

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 – July, 2019

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What’s the latest on our local real estate market?  Let’s take a look!
The summary below compares the first half (January-June) of 2019, compared to the same time period in 2018:
  2018 2019 Change
Total Unit Sales 5369 5371 No Change

 

Total Dollar Sales $1,196 Million $1,252 Million Up 4.7%
Average Sale Price $ 222,738 $ 233,193 Up 4.7%
Medium Sale Price $ 197,000 $ 205,000 Up 4.1%
Average Days on the Market 62 days 74 days Up 12 days
% Sale Price/List Price 97.6% 96.9% No Change
# Active Listings (June) 5663 5836 Up 3.1%

 

Monthly Supply of Inventory 5.3 Months 5.8 Months

The report above was pulled on July 15, 2019.  This data may vary as additional sold properties are added.

Based on the information above, we are in a fairly stable market.   Unit sales remained the same and dollar volume slightly increased by 4.7%.  The average sale price continued it rise, steadily, to $233,193, as the average days on the market for residential properties increased by 12 days, to 74 days for the first half of 2019.  We also saw a slight increase in the number of homes for sale in June.  Monthly supple of inventory remained steady at just under 6 months. This means that if no new home were to be placed on the market, it would take just under 6 months for every home to sell.  The real estate industry considers a 6 to 8 month supply of inventory as healthy.

Interest rates remain low, and it is anticipated that we will see a good real estate market through the remainder of the year.  If you are looking to buy or sell real estate – now is a great time!


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

cropped-cropped-cbone-logo-fixed-2014.jpg

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 7/15//2019
The information above is believed to be accurate but not guaranteed.
Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.

Coldwell Banker ONE Realtors Earn Commitment to Excellence Endorsement

The following Coldwell Banker ONE Realtors received the Commitment to Excellence endorsement from the National Association of Realtors.  The Commitment to Excellence (c2ex) program empowers Realtors to demonstrate their professionalism and commitment to conducting business at the highest standards.  The endorsement goes to Realtors who have demonstrated knowledge and competency in 10 core areas of real estate practice.

 

“Earning the Commitment to Excellence endorsement is a true accomplishment and an affirmation to consumers that you stand for ethics and professionalism in your work,” says 2019 NAR President John Smaby. “Advances in technology and online user experience are making our business more and more seamless, and that’s fantastic,” Smaby says, “But with new technology can come vulnerabilities. A C2EX endorsement offers consumers the ease of mind that they have a skilled adviser, committed to conducting business at the highest standards, helping them through what may be the largest purchase or sale in their life.”


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 

cropped-cropped-cbone-logo-fixed-2014.jpg

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

 

Read more about the National Association of Realtors’ Commitment to Excellence here: https://www.nar.realtor/commitment-to-excellence

Local Real Estate Market Update – April, 2019

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With the first 1st Quarter of 2019 behind us, and spring in the air, we want to bring you the latest real estate market update.  The summary below compares the first three months of 2018, compared to the same time period in 2019:
2018 2019 Change
Total Unit Sales 2310 2202 Down 4.7%
Total $ Sales $503.8 Million $491 Million Down 2.5%
Avg. Sale Price $ 217,806 $ 222,447 Up 2.1%
Median Sale Price $ 193,950 $ 199,000 Up 2.6%
Avg. Days on Market 65 days 77 days Up 12 days
% Sale Price / List Price 97.6% 96.1% Down 1.5%
# Active Listings (March) 5164 5573 Up 7.9%
Monthly Supply of Inventory (March) 5.26 Months 6.31 Months
The above statistics compare sales of residential properties in the first three months of 2019, compared to the same time period in 2018..  The data was pulled on 4/9/19 from the Greater Baton Rouge Association of Realtors (GBRAR) MLS and only includes residential sales.

Overall, the local market saw a slight slowing of sales during the first quarter of 2019, both in units and dollars.  The average sale price continues to increase, but at a slow pace of 2.5%.  As you would expect with a slowing of the real estate market, the average days on the market and inventory available have increased but remain healthy.  It is generally hard to draw any conclusions from the first quarter reports, as this is usually the market’s slowest time of the year.

As interest rates remain low and very affordable and our unemployment remains low, it is anticipated that we will see a good real estate market through the remainder of the year.                                                                    

  

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

cropped-cropped-cbone-logo-fixed-2014.jpg

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

225-925-2500

ColdwellBankerOne.com


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 4/9/2019
The information above is believed to be accurate but not guaranteed.
Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.