Local Market Update – January, 2019

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As we kick off 2019, it is time to look back and see how the real estate market in the Greater Baton Rouge and surrounding areas did in 2018, so we know what to expect this coming year.

Below is a comparison of sold residential properties in the twelve months of 2018 to the twelve months of 2017.

12 month total
2017
12 Month Total
2018
Change
Total Unit Sales 11,195      10,550 Down 5.8%
Total $ Sales $ 2,418 Million $ 2,390 Million Down 1.2%
Avg. Sale Price $ 215,044    $ 226,150
Up 5.2%
Medium Sale Price     $ 190,000 $ 199,950
Up 5.2%
Avg. Days on the Market      52.66 days      62.21 days
Up 10 Days
% List Price/Sale Price 97.29%        97.31% No Change
# Active Listings (December) 4391 units 5037 units Up 14.7%
Monthly Supply of Inventory (Dec)  5.6 Months 7.66 Months —-
The information above was compiled from reports pulled on January 7, 2019, from the Greater Baton Rouge Association of Realtors Multiple Listing Service (MLS).  It represents residential sales only and covers our 9 parish area.

The real estate market slowed in 2018 compared to the previous year, as indicated in the above chart.  More volatility in the economy was present.  Interest rates moved slightly higher through the year, the stock market had significant swings, and the price of homes continued to rise making them less affordable for buyers.  As inventory increased through the year to a more normal level, so did the average days on the market.  Sellers will appreciate the fact that their home values have increased in 2018.  The average sale price for in 2018 was $226,150.00, a jump of 5.2% compared to 2017.

While our inventory of homes on the market in December, 2018 was higher than it was in December, 2017, it remains in a very healthy range.  The December, 2018 inventory supply was 7.66 months. This means that if no new home were to be placed on the market, it would take just over 7.5 months for every home to sell.  The real estate industry considers a 6 to 8 month supply of inventory as healthy.  This increase does mean that buyers are having more choices and are taking more time to look around.  Inventory of 6 to 8 months would be considered a healthy market.

Overall, we’re seeing a strong residential and commercial real estate market in the greater Baton Rouge area.

Coldwell Banker ONE Realtors are your local real estate experts.  Call today for a free market analysis! 

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. 9/7/2019
The information above is believed to be accurate but not guaranteed.
Coldwell Banker ONE is independently owned and operated.  Licensed in Louisiana.
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Coldwell Banker ONE & Pat’s Coats for Kids Distribution Day

IMG_3513For over fifteen years, Coldwell Banker ONE Realtors have sponsored 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.

In addition to making personal donations after each closing, throughout the year, Coldwell Banker ONE Realtors host several fundraisers to raise money for Pat’s Coats for Kids.  In 2018, those events included a Painting for a Purpose event and a jambalaya sale.

On Friday morning, December 14, 2018 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.”


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

Independently owned and operated.  Licensed in Louisiana

Coldwell Banker ONE Realtor, Tracey Ransome, Earns Smart Home Designation

Tracey Ransome

BATON ROUGE, LOUISIANA (December, 2018) – Coldwell Banker ONE is proud to announce that Tracey Ransome recently earned her Smart Home Certification.  The Smart Home Technology Education Course offered by Coldwell Banker University was developed by Coldwell Banker Real Estate, LLC and CEDIA, the global trade association for the home technology market.  The course is offered exclusively to Coldwell Banker Realtors. The curriculum provides an extensive look into the evolution of home technology, with a focus on how smart home products are changing the way we live in and interact with our homes.

This course equipped Ransome with the skills needed to advise clients interested in buying and selling smart homes or installing their first smart home products. As smart homes become increasingly sought after in the greater Baton Rouge market, Ransome recognized how essential is to educate herself to help clients make informed decisions about smart home technology.

“Tracey is committed to strengthening her expertise about the real estate industry by earning certifications and designations like this one,” says Coldwell Banker ONE Broker/Owner, David McKey.  “This, along with her commitment to customer service, allows her to provide the best service possible to her clients.”

A Coldwell Banker survey of Americans found that more than half (54 percent) of homeowners surveyed would install smart home products if they were selling their home and knew that doing so would make it sell faster. In response to this, Coldwell Banker Real Estate released an official smart home definition to educate real estate professionals, home buyers and home sellers in consort with CNET, the world’s largest and most trusted online source of consumer technology news and reviews.

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

See more about Tracey Ransome and search all homes for sale in our market at TraceyRansome.com!


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

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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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!

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
Survey Methodology 
This survey was conducted online within the United States between October 22-26, 2015 by Harris Poll on behalf of the Coldwell Banker brand via its Quick Query omni­bus product. The survey was conducted among 4,065 adults (ages 18 and over) among whom 1,009 own at least one smart home product. For the purposes of the survey, “smart home technology/products” were defined as products or tools that aid in controlling a home’s functions such as lighting, temperature, security, safety, and entertainment, either remotely by a phone, tablet, computer or with a separate automatic system within the home itself. Figures for age, sex, race/ethnicity, education, region and household income were weighted where necessary to bring them into line with their actual proportions in the population. Propensity score weighting was used to adjust for respondents’ propensity to be online.
All sample surveys and polls, whether or not they use probability sampling, are subject to multiple sources of error which are most often not possible to quantify or estimate, including sampling error, coverage error, error associated with nonresponse, error associated with question wording and response options, and post-survey weighting and adjustments. Therefore, the words “margin of error” are avoided as they are misleading. All that can be calculated are different possible sampling errors with different probabilities for pure, unweighted, random samples with 100% response rates. These are only theoretical because no published polls come close to this ideal.
Respondents for this survey were selected from among those who have agreed to participate in our surveys. The data has been weighted to reflect the composition of the adult population. Because the sample is based on those who agreed to participate in our panel, no estimates of theoretical sampling error can be calculated.

 

 

Coldwell Banker ONE Realtor, Scott Saporito, Elected GBRAR Treasurer

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Coldwell Banker ONE Realtor, Scott Saporito, was recently elected to serve as the 2019 Treasurer of the Greater Baton Rouge Association of Realtors (GBRAR).  Through this position on the GBRAR Leadership Team, Scott will help lead the nearly 3,000 Realtor member association.

“Scott is a true asset to the real estate industry,” said Coldwell Banker ONE Broker/Owner, David McKey.  “He has shown strong leadership qualities within Coldwell Banker ONE and the Greater Baton Rouge Association of REALTORS®, and we are happy that he will be able to continue to provide those valuable qualities to our local Realtor association as Treasurer.”

The Greater Baton Rouge Association of REALTORS® (GBRAR) serves nearly 3,000 REALTOR® and Affiliate members.  GBRAR is affiliated with the Louisiana Association of REALTORS® and the National Association of REALTORS®, and it 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 is a graduate of the prestigious Louisiana REALTORS®’ LR Leadership program.  He served on the Greater Baton Rouge Association of REALTORS® Board of Directors and several GBRAR committees, including serving as the Chair of the Education Committee.  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


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

Independently owned and operated.  Licensed in Louisiana

Charlotte Burris and Kyle Jackson Accepted to GBRAR Leadership Class

Charlotte Burris and Kyle Jackson, both Coldwell Banker ONE Realtors, were chosen to be a part of the 2019 Greater Baton Rouge Association of Realtors (GBRAR) Leadership Class. Twenty Realtors were chosen to participate in this program, which will offer various education and activities for these future local association leaders.

“Both Charlotte and Kyle are true professional Realtors,” said Coldwell Banker ONE Broker/Owner, David McKey. “They are committed to the industry and staying on top of local market trends in order to satisfy the needs of their clients.”

Charlotte and Kyle are full-time Coldwell Banker ONE Realtors who specialize in real estate in the greater Baton Rouge and surrounding areas.

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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 Hosts Jambalaya Fundraiser for Pat’s Coats for Kids

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On Thursday, November 15, 2018, Coldwell Banker ONE Realtors hosted a jambalaya fundraiser to support Pat’s Coats for Kids at Neighbors Federal Credit Union on Perkins Road.

Chad McCann and Scott Fairchild, with Performance Contractors, Inc. donated and prepared their award- winning jambalaya.  With their generous donation, Coldwell Banker ONE Realtors were able to raise over $4,000.00 for Pat’s Coats for Kids.

Pat’s Coats for Kids 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 250,000 coats purchased and distributed to 125 area schools.

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:

5025 Bluebonnet Blvd, Baton Rouge, LA 70809

16573 Airline Highway, Prairieville, LA 70769

For over fifteen years, Coldwell Banker ONE Realtors have sponsored 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.




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 Helps Pack the PODS

IMG_3029Coldwell Banker ONE Realtors were at Walmart on College Drive on Wednesday, November 15 from 6:00am – 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 250,000 coats purchased and distributed to 125 area schools.

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 fifteen years, Coldwell Banker ONE Realtors have sponsored 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.



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