Q1 Local Real Estate Market Update

As we look back at the residential real estate market statistics in Baton Rouge and the surrounding areas, comparing the first quarter of 2021 versus the first quarter of 2022, we see continued strong sales and low inventory.

In the chart below, you will see that while unit sales are down, dollar volume, average sale price, and median sale price are both up.

The lack of inventory continues to be a challenge with only 1,096 residential units on the market in March. This represents only a one month supply of inventory. This means that if no new homes were to be placed on the market, it would take only one month for every current listing to sell. The real estate industry considers a 6 to 8 month supply of inventory to be a healthy, balanced market. So, in general, we are in a seller’s market.

One reason for this is that demand is increasing. There are fewer homes on the market, because there are more buyers competing for these homes. This is reflected in the consistently rising number of homes sold since May, 2020.

With the continued shortage of inventory, it is a great time for anyone thinking about selling their property to list it. If it is a well-kept, show-ready home, chances are great that it will sell faster and at a higher price than it would in a higher inventory market.

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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.

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

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

Data Source: Greater Baton Rouge Association of Realtors MLS. 04/08/2022

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

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

Donnie Bearden Earns Pricing Strategy Advisor (PSA) Certification

Coldwell Banker ONE Realtor, Donnie Bearden, earned the nationally recognized Pricing Strategy Advisor (PSA) certification.  The National Association of REALTORS® offers the PSA certification to REALTORS® who have demonstrated a thorough understanding of the numerous components that influence accurate property values.  In today’s market, more than ever before, the correct pricing strategy depends on professional expertise and competence, the best use of technology, and a commitment to approach the pricing assignment from various perspectives.

“Pricing Strategies: Mastering the CMA” is the required one-day course for the PSA certification that provides REALTORS^® with knowledge and skills to select appropriate comparables and make accurate adjustments, guide sellers and buyers through the details of comparative market analyses and the underlying pricing principles that inform them, and interact effectively with appraisers. In addition to completing the course, participants are required to view two required webinars. Once awarded the certification, REALTORS^® will be equipped to guide clients through the anxieties and misperceptions they often have about home values.  For more information about the PSA certification, visit http://www.pricingstrategyadvisor.org.

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

See more about Coldwell Banker ONE Realtor, Donnie Bearden, and search all homes for sale in our market by visiting his 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 youlooking to buy a home here?  Do you just want to know more information about our local real estate market?  Coldwell Banker ONERealtors have got you covered!

Start your home search at www.ColdwellBankerOne.com 

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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.

Libby Ammon Earns RENE Certification

Libby Ammon, Realtor with Coldwell Banker ONE, has been awarded the Real Estate Negotiation Expert (RENE) certification by the National Association of REALTORS^®.

The RENE certification is for real estate professionals who want to sharpen their negotiation skills. The program gives REALTORS® the tips and tools they need to be skillful advocates for their clients. Libby joins an elite group of real estate professionals who have earned the RENE certification.  

Libby 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, Libby Ammon, 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?  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.

Lisa Busceme Receives At Home With Diversity® (AHWD) Certification

Lisa Busceme, Realtor with Coldwell Banker ONE, has been awarded the At Home With Diversity® (AHWD) certification by the National Association of REALTORS^®.

At Home With Diversity® (AHWD) is an NAR certification program designed to present a picture of the changing face of the real estate industry. Since 1998, the At Home With Diversity® program has prepared over 20,000 REALTORS® to work effectively with and within today’s increasingly diverse pool of homebuyers.

Lisa 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, Lisa Busceme, 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?  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.

Selena Hill Earns RENE Certification

Selena Hill, Realtor with Coldwell Banker ONE, has been awarded the Real Estate Negotiation Expert (RENE) certification by the National Association of REALTORS^®.

The RENE certification is for real estate professionals who want to sharpen their negotiation skills. The program gives REALTORS® the tips and tools they need to be skillful advocates for their clients. Selena joins an elite group of real estate professionals who have earned the RENE certification.  

Selena is a full-time Coldwell Banker ONE Realtor who specializes in real estate in the Baton Rouge area and surrounding areas, including Ascension Parish.

See more about Coldwell Banker ONE Realtor, Selena Hill, 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?  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.

Coldwell Banker Commercial ONE Recognizes 2021 Commercial Top Producers

Coldwell Banker Commercial ONE Realtors gathered on Tuesday, February 15, 2022 for their annual awards recognition at the Baton Rouge Country Club. Coldwell Banker Commercial ONE Realtor, David Palmer, was recognized for achieving “Top Overall Sales” in 2021.

Start your home search at www.CBCommercialONE.com

5025 Bluebonnet Blvd, Baton Rouge, LA 70809 – 225-925-2300

Licensed in Louisiana.  Independently Owned and Operated.

Coldwell Banker ONE Realtors named Coldwell Banker 2021 International Award Designation winners

Coldwell Banker ONE is proud to announce that the following Realtors were named Coldwell Banker 2021 International Award Designation winners.

“The Coldwell Banker International Awards & Recognition program is designed to spotlight those companies, offices, agents and teams who have achieved the highest levels of success. Celebrating your triumphs gives us all the opportunity to reflect on the level of dedication necessary to reach the top levels of performance and inspires us to renew our own commitment to growth.,” says M. Ryan Gorman, President and CEO, Coldwell Banker. “TAchieving these awards is an honor and a chance to demonstrate your proven abilities to your market.”

“This prestigious award honors an elite group of real estate professionals for their exceptional sales performance in 2020,” says Coldwell Banker ONE Broker/Owner, David G. McKey. “An award of this caliber does not come easily. It takes great effort and commitment to exceptional customer service to attain this level of excellence.”

These Coldwell Banker ONE Realtors were  recognized for their individual sales performance in 2021:

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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.

Coldwell Banker ONE Recognizes Residential Top Producers

Coldwell Banker ONE Realtors gathered on Tuesday, February 15, 2022 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 ONE Realtors were  recognized for their individual sales performance in 2021:

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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 

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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.

Local Real Estate Market Update: 2020 vs 2021

As we start the new year, let’s take a moment to look back at the residential real estate market statistics in 2021 versus 2020 in Baton Rouge and the surrounding areas. In the chart below, you will see that both unit sales (up 10.9%) and dollar sales (up 20.9%) rose by a hefty margin.  Also, the average sales price for 2021 was up just under 10% when compared to 2020.  The lack of inventory continues to be a challenge with only 1,245 residential units on the market in December. This represents only a 1.1 month supply of inventory. This means that if no new homes were to be placed on the market, it would take only a little over a month (1.1) for every current listing to sell. The real estate industry considers a 6 to 8 month supply of inventory to be a healthy, balanced market. So, in general, we are in a seller’s market.

Report from GBRAR MLS and pulled 01/07/2022. Includes Residential Properties only.

With the shortage of inventory, it is a great time for anyone thinking about selling their property to list it. Chances are great that it will sell faster and at a higher price than it would in a higher inventory market.

According to the National Association of Realtors chief economist, Lawrence Yun, we should see a slight rise in interest rates this year and a slowing of housing price appreciation. This will result in a more “normalized” market Yun said. 

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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.

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

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

Data Source: Greater Baton Rouge Association of Realtors MLS. 01/07/2022

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 Help Distribute Coats for Pat’s Coats for Kids

For over seventeen years, Coldwell Banker ONE Realtors have been a major sponsor of Pat’s Coats for Kids.   Throughout each year, Coldwell Banker ONE Realtors donate their time and money to this organization in order to help ensure that no local child goes without a coat each winter.

On Friday morning, December 3, 2021 Coldwell Banker ONE Realtors were proud to help distribute coats to the school counselors during the Pat’s Coats for Kids Distribution Day.

“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.  “We are focused on continued community support for our home, the greater Baton Rouge area.”

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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