Local Real Estate Market Update: Q1 2020 vs 2021

The first quarter of 2021 has come to an end and the residential market remains HOT! Below is a recap, comparing last year’s first quarter to the first three months of 2021. 

FIRST QUARTER	2020	2021	Change
Unit Sales	2361	3089	Up 30.8%
Dollar Sales	$556 Million	$803 Million	Up 44.5%
Average Sale Price	$234,364	$258,347	Up 10.2%
Median Sale Price	$204,965	$230,000	Up 12.2%
Average Days On Market	80.1 Days	57.6 Days
Sales Price / List Price	97.4%	98.3%
Number of Active Listings (March)	4,198	1,811
Month’s Supply of Inventory (March)	4.5 Months	1.6 Months

Residential Properties Only:  Report pulled 04/08/2021 covering all GBRAR MLS and reflects 3 months of residential activity each year.

Both unit sales and dollar volume were up significantly.  Also, the average sale price and medium sale price showed increases.  Listings are not staying on the market long as the average days on the market dropped from 80.1 days to 57.6 days.

Inventory remains a challenge.  There were 4198 residential properties on the market in March of 2020, compared to just 1811 in March of 2021.   Month’s supply of inventory decreased from 4.5 months to just 1.6 months.  Inventory of 6 to 7 months is considered a balanced market.  Interest rates remain low and demand remains high resulting in many listings getting multiple offers.

The month’s supply of inventory plummeted to 1.6 months.  This means that if no new homes were to be placed on the market, it would take only 1.6 months for every current listing to sell. The real estate industry considers a 6 to 8 month supply of inventory to be healthy. So, in general, we are in a seller’s market.

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

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. 4/8/2021

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 named Coldwell Banker 2020 International Award Designation winners

Coldwell Banker ONE is proud to announce that the following Realtors were named Coldwell Banker 2020 International Award Designation winners.

“These Realtors have earned a truly elite place in the industry,” says M. Ryan Gorman, President and CEO, Coldwell Banker. “The Coldwell Banker International Awards & Recognition program is designed to spotlight those agents 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.”

“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 2020:

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 Commercial Top Producers

Coldwell Banker Commercial ONE hosted a virtual awards ceremony on Tuesday, February 9, 2021 to honor the 2020 top producers. During Tuesday’s ceremony, Coldwell Banker Commercial ONE Realtor, David Palmer, was recognized for achieving “Top Overall Sales” in 2020.

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 Recognizes Residential Top Producers

Coldwell Banker ONE hosted a virtual awards ceremony on Tuesday, February 9, 2021 to honor the 2020 top producers.

 “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 2020:

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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.

Greater Baton Rouge Area Real Estate Market Update

As we begin 2021 and look forward to the opportunities ahead, let’s take a moment to look back at the local real estate market, overall, in 2020.

	2019	2020	Change
Unit Sales	10,926	12,505	Up 14.5%
Dollar Sales	$2.56 Billion	$3.13 Billion	Up 21.8%
Average Sale Price	$233,964	$248,261	Up 6.1%
Median Sale Price	$208,448	$219,123	Up 5.1%
Average Days on Market	69.6 days	69.7 days	—
Sold Price / List Price	97.3%	97.8%	—
# active listings in December	4140	2481	Down 59.9%
Month’s supply of inventory (December)	4.5 months	2.3 months	Down 2.2 months

Report pulled 1/14/2021, covering all GBRAR MLS, and reflects 12 months of residential activity each year.

The numbers above are a huge surprise, compared to how many thought real estate sales would have fared in 2020 when the coronavirus hit in March of last year.  As a matter of fact, not only did sales for the 12 months of 2020 keep pace with the 2019 volume, but they surpassed 2019 by a significant margin.  Unit sales were up 14.5% and dollar sales volume was up 21.8%.  Sellers also saw their equity rise as the average sale price increased by 6.1%. 

It also remains a seller’s market, as unit inventory in December, 2020 was down 59.9% from December 2019. This is because more homes were sold and fewer homes were listed.

The month’s supply of inventory plummeted to 2.3 months.  This means that if no new homes were to be placed on the market, it would take only 2.3 months for every current listing to sell. The real estate industry considers a 6 to 8 month supply of inventory to be healthy. So, in general, we are in a seller’s market.

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

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. 1/14/2021

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 Realtor, Scott Saporito, Installed as GBRAR President

On Thursday morning, January 7, 2021, Coldwell Banker ONE Realtor, Scott Saporito, was installed as the 2021 President of The Greater Baton Rouge Association of Realtors (GBRAR).  Scott was sworn in by 2003 GBRAR past President and Coldwell Banker ONE Broker/Owner, Andrea McKey. Elected by his Realtor peers, Scott will serve as President of the over 3,600 Realtor member association.

“We are all very proud of Scott and grateful for his leadership and willingness to serve the GBRAR membership,” said Coldwell Banker ONE Broker/Owner, David McKey.

The Greater Baton Rouge Association of REALTORS^® (GBRAR) serves more than 3,600 REALTOR^® and Affiliate members.  GBRAR is affiliated with the Louisiana REALTORS^® and the National Association of REALTORS^®, and works to provide their Realtor members with the tools they need to remain successful.

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.  Scott served on several Greater Baton Rouge Association of REALTORS® (GBRAR) committees, served on the GBRAR Board of Directors, served as the GBRAR Treasurer, and, most recently, as the GBRAR President-elect .  In addition, he has earned his Certified Residential Specialist (CRS), Accredited Buyer Representative (ABR), and Pricing Strategy Advisor (PSA) 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

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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

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 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 4, 2020 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 

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

Coldwell Banker ONE Supports Pat’s Coats for Kids

Pictured left to right: Coldwell Banker ONE Pat’s Coats for Kids co-chair, Charisse Hanchey, Coldwell Banker ONE Realtors, Catherine Lawrence and Scott Saporito, Pat Shingleton, and Coldwell Banker ONE Associate Broker/Owner, Andrea McKey

On Wednesday, November 5, Coldwell Banker ONE Realtors, Scott Saporito and Catherine Lawrence, presented Pat Shingleton with a check on behalf of Coldwell Banker ONE to support Pat’s Coats for Kids.

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

In addition, this year, thanks to the efforts of Scott and Catherine, a portion of the proceeds from every piece of Coldwell Banker ONE apparel purchased went to support Pat’s Coats for Kids.

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 coat in the proper size 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.

You can also drop off coat donations at either Coldwell Banker ONE’s Bluebonnet or Prairieville location.

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 

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

Greater Baton Rouge Area Real Estate Market Update

Are you considering buying, selling, or investing in real estate in the greater Baton Rouge area? Let’s looks at the latest October numbers:

	October, 2019	October, 2020	% Change
Units Sold	915	1123	Up 22.7%
Dollar Volume Sold	$224 Million	$299 Million	Up 33.5%
Average Sale Price	$244,940	$266,025	UP 8.6%
Median Sale Price	$209,710	$233,000	Up 11.1%
Average Days on Market	65.6 Days	58.4 Days	Down 7 Days
% Price Price / List Price	97.6%	98%
# Active Listings	4465 Units	2727 Units	Down 38.9%
Month’s Supply of Inventory	4.9 Months	2.6 Months

Comparison of October, 2019 to October, 2020. Reports pulled 11/6/2020 from Greater Baton Rouge Association of Realtors MLS. Residential Sales.

As you can see by the large increase in units sold and dollar volume, our market remains strong! 

It also remains a seller’s market, as unit inventory is down 38.9% from October 2019, and our month’s supply plummeted to 2.6 months.  This means that if no new homes were to be placed on the market, it would take only 2.6 months for every current listing to sell. The real estate industry considers a 6 to 8 month supply of inventory to be healthy. So, in general, we are in a seller’s market.

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

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. 11/06/2020

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

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

Coldwell Banker ONE Realtors help pack the PODs for Pat’s Coats for Kids

Coldwell Banker ONE Realtors were at Walmart on College Drive on Wednesday, November 5 from 5:30am – 6:30pm, helping WBRZ’s Pat Shingleton pack the PODS with warm coats for Pat’s Coats for Kids.

The coats collected benefit Pat’s Coats for Kids, which works to ensure that no child in our community goes without a warm coat this winter. Since its inception, more than a million dollars has been received, reflecting close to 270,000 coats purchased and distributed. Just last year alone, 13,000 coats were distributed to area children in need at 211 locations, thanks to Pat’s Coats for Kids.

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 coat in the proper size 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.

You can also drop off coat donations at either Coldwell Banker ONE’s Bluebonnet or Prairieville location.

For over seventeen years, Coldwell Banker ONE has 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.

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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