Local Real Estate Market Update

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With the first half of 2017 behind us, it’s time to evaluate the local Greater Baton Rouge real estate market this year compared to the same period (January – June) in 2016.  The numbers below were compiled from reports pulled on July 11, 2017 from the Greater Baton Rouge Association of Realtors MLS and represent residential sales only.

2016

2017

Change

Total Unit Sales (January – June)

5163

5642

Up 9.3%

Total $ Sales  (January – June)

$1,131 Million

$1,194 Million

Up 5.6%

Avg. Sale Price

$219,114

$211,790

Down 3.4%

Medium Sale Price

$188,350

$184,000

Down 2.3%

Avg. Days on the Market

75 Days

60 Days

Down 15 Days

% Sale Price / List Price

97.5%

97.5%

No Change

# Active Listings (June)

3495 Units

3166 Units

Down 9.4%

Monthly Supply of Inventory (June)

3.28 Months

2.87  Months

The market remained strong as both unit sales and total dollar sales were up. The demand is certainly there, but is being impacted by a low inventory of homes available for sale.  As you can see above, the number of active listings in our local market are down over 9%, and there is less than a 3 month supply of inventory.  This means that if no additional home went on the market, it would take less than 3 months for all current active listings to sell.  A balanced and healthy market is one that has a 6-7 month supply of inventory. This low inventory is making it tough for buyers who want choices to consider as they search the market for a home to purchase.

The lack of inventory is not just an issue in our area, but across the country, and it is starting to affect sales in many areas.  We are seeing multiple offers and new listings going under contract in a very short period of time.  Because of this low inventory, buyers should be prepared to move quickly on a property if they find a home they like.

If you are considering selling your home, now is a great time to list your house, as the demand is great.  

Overall, sales are up, demand is up, and inventory is down.

[The above information is based off of the Greater Baton Rouge Association of Realtors Multiple Listing Service as of July 11, 2017.]


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


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 7/11//2017
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, Sandi Davis, earns ABR Designation

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BATON ROUGE, June, 2017 — Sandi Davis, 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.  Sandi joins an elite group of real estate professionals around the world who have earned the ABR designation.

“Sandi 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.”

Sandi is a full-time Realtor who services the greater Baton Rouge and surrounding areas.

See more about Coldwell Banker ONE Realtor, Sandi Davis, and search all homes for sale in our market by clicking here.

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Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.  5025 Bluebonnet Blvd, Baton Rouge, LA 70809.  225-925-2500

Amy Poe Receives Smart Home Designation

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Coldwell Banker ONE is proud to announce that Amy Poe recently earned her Smart Home Certification from Coldwell Banker in partnership with CEDIA, the leading trade association for 22,000 smart home manufacturers and installers.

We pride ourselves in being known as the foremost expert in every aspect of the home – and smart home is no different.  “Smart home technology is catching on because it is literally changing the way we live in our homes,” said Sean Blankenship, chief marketing officer for Coldwell Banker Real Estate LLC.  “Not only is it shifting the financial perception of the home, but it’s also transforming our emotional connection to our homes. We have entered a transformative era. We believe that in three to five years, home buyers will expect smart home technology — it will become the new norm.”

Amy is a Coldwell Banker ONE Realtor based in Baton Rouge, Louisiana. She is available to help you with all of your real estate needs throughout the Baton Rouge and surrounding areas.  Start your home search at GeauxwithPoe.com!

See more about how Coldwell Banker Realtors are leading the way with their knowledge of smart home technology by clicking here.

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Kitty Olano Earns Military Relocation Professional Certification

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BATON ROUGE, May, 2017 — Kitty Olano, a Realtor with Coldwell Banker ONE, earned the nationally recognized Military Relocation Professional (MRP) certification.  The MRP certification is one conferred by the The National Association of REALTORS® to Realtors who meet the required standards and training and want to help military personnel and veterans find housing solutions that best meet their needs and allow them to take full advantage of their military benefits.

When military staff and their families relocate, the services of a real estate professional who understands their needs and timetables can make the transfer easier, faster and less stressful.   As a Military Relocation Professional, Kitty Olano knows how to work with active duty military buyers and sellers, as well as veterans.

“Kitty Olano is a true professional Realtor,” said Coldwell Banker 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.  Earning her Military Relocation Professional certification is one more way that Kitty is able to meet her clients’ needs.”

Kitty is a local, full-time, professional Realtor who serves the greater Baton Rouge and surrounding areas.

Click here to see more about Coldwell Banker ONE Realtor, Kitty Olano, and search all homes for sale in our market.

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Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.  5025 Bluebonnet Blvd, Baton Rouge, LA 70809.  225-925-2500
For more information about the Military Relocation Professional certification, visit militaryrelocationpro.org

Local Real Estate Market Update

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With the end of the first quarter of 2017 behind us, it’s time to crunch some numbers and evaluate the local Greater Baton Rouge real estate market this year compared to the same period in 2016.  The numbers below were compiled from reports pulled on April 12, 2017 from the Greater Baton Rouge Association of Realtors MLS and represent residential sales only.

2016

2017

Change

Total Unit Sales

2199

2481

Up 12.8%

Total $ Sales

$469 Million

$485 Million

Up 3.4%

Avg. Sale Price

$212,610

$194,999

Down 8.3%

Medium Sale Price

$182,780

$179,900

Down 1.6%

Avg. Days on the Market

81 Days

56 Days

Down 25 Days

% Sale Price / List Price

97.63%

97.10%

No Change

# Active Listings (March)

3413 Units

2766 Units

Down 19.0%

Monthly Supply of Inventory (March)

3.75 Months

2.80 Months

Our market, based on the above numbers, reflects strong demand for housing with both unit volume and dollar sales up.  We are, however, still seeing the impact of the flooding that took place in August of 2016.  Many of the flooded homes are still being sold without repairs being completed.  The demand for these gutted homes by investors is apparently still strong.  This is evidenced by an 8.3% decrease in the average sale price in the first quarter of 2017 compared to the same period in 2016.

Active inventory is also down by a significant number (19%), and our monthly supply equates to just 2.8 months.  This means that if no additional home went on the market, it would take 2.8 months for all current active listings to sell.  A balanced and healthy market is one that has a 6-7 month supply of inventory.  This amount of inventory is making it tough for buyers who want choices to consider as they search the market for a home to purchase.   Because of this low inventory, buyers should be prepared to move quickly on a property if they find a home they like.

As we move into the spring when more homes are typically placed on the market for sale, the hope is that the current lack of inventory will start to improve.  If you are considering selling your home, now is a great time to list your house, as the demand is great.  

Overall, sales are up, demand is up, and inventory is down.

[The above information is based off of the Greater Baton Rouge Association of Realtors Multiple Listing Service as of April 12, 2017.]


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


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 4/12/2017
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 Recognizes Top Producers

Coldwell Banker ONE Realtors and staff gathered in February for their annual awards luncheon at the Baton Rouge Country Club.

Special guest, Pat Shingleton, WBRZ Chief Forecaster, commended the group for their continued support of Pat’s Coats for Kids.  He offered special thanks and presented individual certificates of appreciation to Coldwell Banker ONE Realtors.  Diane Moran and Lori Stoeckle received recognition for the efforts as 2016 Chairs for the Coldwell Banker ONE fundraising efforts to support Pat’s Coats for Kids.

 “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 home, the greater Baton Rouge area.”

These Coldwell Banker ONE Realtors were also  recognized for their individual sales performance in 2016:

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Marie Broussard received the the Top Overall Residential Sales Award and achieved Platinum Elite Level for her sales in 2016.
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Katie Mondulick achieved Platinum Elite Level for her sales in 2016.
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Platinum Level Sales Achievement in 2016.
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Gold Level Sales Achievement in 2016.
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Silver Level Sales Achievement in 2016
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Silver Level Sales Achievement in 2016.

 


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

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Our local real estate market saw a huge increase in residential sales in the fourth quarter of 2016 in comparison with the fourth quarter of 2015 (according to the Greater Baton Rouge Assoc. of Realtors MLS numbers).  Although January 2017 sales were below the December numbers, when we compare them to January 2016, we see that sales continued to increase.  Unit sales this January compared to last year were up around 18%, with dollar sales increasing around 6%. 

We did, however, see another decrease in the average sale price of about 11% in January (to $ 187,000) compared to last year.  This continues to be a reflection in our market of investors buying flooded homes that have not been repaired.  We should anticipate this to continue through the first quarter and probably into the second quarter of this year.

As we move into the spring and summer selling season, we expect to see a robust real estate market.  The greater Baton Rouge area continues to see steady growth in jobs and the economy.

Like many other areas of the country, we also continue to see a low supply of residential inventory.  Currently, we have a 3-4 month supply of inventory.  This means that if no additional home went on the market, it would take 3-4 months for every house to sell.  A balanced and healthy market is one that has a 6-7 month supply of inventory.  Because of this low inventory, buyers should be prepared to move quickly on a property if they find a home they like.

Overall, sales are up, demand is up, and inventory is down.

[The above information is based off of the Greater Baton Rouge Association of Realtors Multiple Listing Service as of February 15, 2017.]


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


Author: David G. McKey, Coldwell Banker ONE Broker/Owner
Data Source: Greater Baton Rouge Association of Realtors MLS. 2/15/2017
The information above is believed to be accurate but not guaranteed.