Local Real Estate Market Update – 2022 vs. 2021

January 18, 2023January 18, 2023 Coldwell Banker ONE Uncategorized

As we head into 2023, let’s take a look to see how the real estate market (residential sales) ended in 2022:

GREATER BATON ROUGE AREA MLS

COMPARISON OF TWELVE MONTHS ACTIVITY 2022 TO 2021

Higher mortgage rates, escalation of home prices, and inflation continue to impact buyers who are considering moving forward with the purchase of a home. Unit sales fell in 2022 by just under 16% and dollar sales were down 9.8%.

The positive news, for homeowners, is the average sale price has increased to $292,433 (up 7.3%). Average days on the market remains low at 27 days. Inventory of homes on the market (2.5 months’ supply) continue to be well below what is considered a healthy balance (6 to 7 months of inventory). And, the number of residential units for sale this December vs December of 2021, has increased by 799 units.

This means that if no new homes were to be placed on the market, it would take only 2.5 months 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 still in a seller’s market.

Recently we have seen mortgage rates continue to decline, and inflation over the past couple of months is down. A continuation of these trends should be good signs for the real estate market as we move further into 2023.

Remember, these figures are for our local real estate market as a whole, and includes the entire greater Baton Rouge area. However, real estate is very local. While this report provides a positive outlook on the overall market, it is best to take a specific look at your neighborhood. If you or someone you know is interested in buying, selling, or investing in real estate, a Coldwell Banker ONE Realtor is here to review with you, in more detail, the specifics about the your neighborhood.

Coldwell Banker ONE Realtors are proud to be your trusted real estate advisors 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. 1/11/2023

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

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

Local Real Estate Market Update – This Year vs. Last Year

October 18, 2022October 18, 2022 Coldwell Banker ONE Uncategorized

As we approach the holiday season, it is time to look back at the residential real estate market statistics in Baton Rouge and the surrounding areas. The date below compares the three quarters of 2021 versus the first three quarters of 2022.

GREATER BATON ROUGE AREA MLS RESIDENTIAL SALES

COMPARISON OF NINE MONTH ACTIVITY 2022 TO 2021

Mortgage rates have been rising, and there is a decrease in home sales so far this year, compared to last year. Unit sales are down just over 10% and dollar sales around 4.5%. The good news for homeowners is that the average sale price has increased to $291,334 (up 7.2%). Average days on the market remains low, at 26 days. Another positive is the continued increase in inventory. The number of residential units for sale this September vs September of 2021 increased by 401 units (up 21.9%), which equates to 2.2 months of inventory. This means that if no new homes were to be placed on the market, it would take only 2.2 months 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 still in a seller’s market.

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!

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. 10/11/2022

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 Host Fundraiser to Support Pat’s Coats for Kids – Painting with a Purpose

October 3, 2022October 3, 2022 Coldwell Banker ONE Uncategorized

On Thursday evening, September 29, 2022, 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 Jared Gary and Phelps McKey, Loan Officers with Assurance Financial, Kathryn Watson, Title Attorney with Title Stream, and Mackie Cathey with American Home Shield. We are especially grateful for this year’s Painting with a Purpose Chair, Coldwell Banker ONE Realtor, Libby Ammon for her work to ensure a fun and successful event.

“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 Kid s 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

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 – First Half of the Year

July 11, 2022July 13, 2022 Coldwell Banker ONE Uncategorized

With June, 2022 now behind us, it is time to look back at the residential real estate market statistics in Baton Rouge and the surrounding areas. The date below compares the first half of 2021 versus the first half of 2022.

Greater Baton Rouge Area MLS Residential Sales.

Comparison of six month activity: 2021 to 2022

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

We continue to see a lack of inventory, with only 1,776 residential units on the market in June, down 2.7% from June, 2021. This represents only a 1.7 month supply of inventory. This means that if no new homes were to be placed on the market, it would take only 1.7 months 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.

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.

We are more than just your Realtors;
We are your neighbors!

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. 07/08/2022

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

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

Q1 Local Real Estate Market Update

April 26, 2022April 26, 2022 Coldwell Banker ONE Uncategorized

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.

We are more than just your Realtors;
We are your neighbors!

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

April 26, 2022 Coldwell Banker ONE Uncategorized

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.

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

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

April 20, 2022 Coldwell Banker ONE Uncategorized

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.

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

April 12, 2022April 12, 2022 Coldwell Banker ONE Uncategorized

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.

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

April 4, 2022April 6, 2022 Coldwell Banker ONE Uncategorized

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.

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

February 18, 2022 Coldwell Banker ONE Uncategorized

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