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Real Estate Market Report - EBR Oct 2017

by Pat Wattam


Here is the Real Estate Market Report for East Baton Rouge Parish for the month of October 2017.  

This snapshot gives you an idea about how the real estate market is doing as we

head into the holiday season.  Want more info?  Just email me at pat@patwattam.com!

 

East Baton Rouge Parish October 2017 Market Report

South_East_Baton_Rouge - Available vs Pending Listings
South_East_Baton_Rouge - Sold vs Expired Listings
South_East_Baton_Rouge - Sold vs Active DOM
South_East_Baton_Rouge - Median Sold Prices (last 6 mos.)
South_East_Baton_Rouge - Median Sold DOM (last 6 mos.)

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Real Estate Market Report through July 2017

by Pat Wattam

Our real estate Market reports are in for July and the first half of the year.

The East Baton Rouge Parish report concludes that although the days on market have gotten longer, the absorption rate is 2.8 months - which means we only have a supply of homes for that length of time.  Of course, that number is always moving and is shortest in our summer months.  For the full report click here:  https://www.realmarketreports.com/widgetcode/LA05005_HTMLCode.zip

For Ascension Parish, for the past 6 months, we see the same absorption rate, which is typical of that area most summers.  For the full report on Ascension click here:  

http://www.realmarketreports.com/reports/LA05005_Ascension_Parish.pdf
The one common thing we are seeing across the board is that whether a house flooded or not, the buyers want the updated homes so they don't have to spend their cash on updates or repairing items.  I have a lot of sellers who want to sell their house 'as is' with no repairs but they take a pretty big hit on the sales price as buyers always think it costs much more to do updates or repairs that it actually has to - plus, they want more off just because they have the hassel of dealing with it.
If you can't decide what you should do, give us a call and we'll be happy to look at your house and give you our best advice so that you can make an educated decision!!  225-298-6900!

Real Estate Market Stats February 2017 East Baton Rouge Parish

by Pat Wattam

Here is the latest Market report on East Baton Rouge Parish.  You will notice the highest number of sales continues to be in the $200-300K price range.

http://www.realmarketreports.com/reports/LA05005_South_East_Baton_Rouge.pdf

We also notice that the homes have to be in very good, updated condition to sell for top dollar, even with the low inventory in the market.  Buyers appear to be willing to wait for the better homes to come on the market rather than settle for one that is not quite up to par.  
If you are thinking about selling your home, contact us to help you decide what the house needs to get you top dollar without spending a lot!  Call the Pat Wattam Team at RE/MAX First anytime at 225-298-6900!

12 Reasons To Use a Realtor

by Blake Hanna

12 Reasons You Should Use a REALTOR

1. Determine Buying Power

2. Home Search Assistance

3. Objective Property Information

4. Price Negoatiation

5. Management of Property Evaluation

6. Identification of Qaulified Lenders and Finacing Options

7. Smooth Closing Process

8. Up-to-date Selling Information

9. Marketing Assistance

10. Connections to Selling Networks

11. Objective Evaluation of Buyer's Proposal

12. Closing Assistance


Blake Hanna, Realtor

The Pat Wattam Team

RE/MAX First

225-298-6903

Blake@PatWattam.com

 

*Source-fsbonightmares.com

2015 New Home Sales

by Bill Arey

Where were the new home sales in 2015? I checked new home sales in East Baton Rouge, Ascension, and Livingston Parishes in several price ranges. Livingston Parish had the greatest number of sales in the lower end - $100,000 -$200,000. East Baton Rouge was the CLEAR leader in the mid range $200,000 - $300,000. East Rouge and Ascension had equal numbers in the $300,000 - $350,000 range  and East Baton Rouge had the majority of new homes sales in the upper range $350,000 - $500,000.

Bill Arey   Realtor

The Pat Wattam Team

ReMax First    225-298-6900

bill@patwattam.com

 


How Was The Market in 2015?

by Bill Arey

So "How was the Market?" in 2015. In East Baton Rouge Parish it was quite good. In 2015, 4,592 houses (detatched single family) were sold as compared to 4,199 in 2014. This is an 8.56% increase. Livingston Parish enjoyed an even higher percentage of sales growth at 9.36%. Interestingly, Ascension Parish has had very little growth in yearly home sales. In 2013 - 1,632 homes sold      in 2014 - 1,669 homes sold     and in 2015 - 1,676 homes sold. 

The clear leader in homes sales growth 2013 - 2105 is Livingston Parish with an 18.6% increase. East Baton Rouge Parish had an 8.71% increase, while Ascension Parish had a 2.63% increase. Which parish will enjoy the greatest growth in 2016? I'll let you know a year from now.

Bill Arey    REALTOR

The Pat Wattam Team

Remax First

225-298-6900



August 2015 Stats for Baton Rouge Real Estate

by Pat Wattam

Everyone always wants to know what is happening in the Greater Baton Rouge Real Estate Market and average sales price is one of the stats people like to hear about most of all!  

You will note that there is a 7% increase in the average sales price for the entire Greater Baton Rouge Association of Realtors Inventory over the past twelve months.

Our MLS covers a 9 parish area but this is a good indicator that shows what a healthy real estate market we are experiencing.  If you are thinking of selling, now is the time!

Email me for a general market analysis for your area! 

Million Dollar Homes in the Baton Rouge Area

by Bill Arey

Recently the Pennington Estate sold for $6,000,000. This is a record for highest sales price for residential real estate in the Greater Baton Rouge area. I decided to see how many homes are currently on the Market priced at or above one million dollars. The answer is 80!! If 80 are currently active - how many do you think have sold in the last 12 months? The answer is 30 (including the Pennington Estate). This means there is 32 months worth of inventory currently on the market. If you are considering purchasing a million dollar home..... it is a buyer's market. 

Bill Arey  REALTOR

The Pat Wattam Team

ReMax First

Year to Date Market Stats!

by Pat Wattam

The general real estate Market for the Greater Baton Rouge Area is moving along nicely!  With interest rates remaining low, the demand for housing continues.  Here is a quick snapshot, year to date, of our entire market as well as the 3 parishes we mainly serve.

Pay particular attention to the list to sales price ratio when making an offer on a house.

Call the Pat Wattam Team any time for a free consulation - whether you are selling or buying - let us guide you! 

The Market for Foreclosed Properties

by Bill Arey

3,587 properties (houses, townhomes, condos) have sold in the last 6 months in ourlocal  MLS area. Out of those - 526 were FORECLOSED......... that is almost 15% of the total sold!!!. Approximately 60% of the properties sold for under $100,000. On the other end of the price range, about 3% sold for $300,000 or more. There is obviously a demand for foreclosed properties and can be excellent investment opportunities. There are several types of foreclsoures - Fannie Mae, Freddie Mac, HUD, bank owned. If you would like more information on foreclosed properties contact Bill Arey at 225-298-6900.

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Pat Wattam
RE/MAX First, Independently Owned and Operated
4750 Sherwood Common
Baton Rouge LA 70816
Office Direct: 225-298-6900
Office Main: 225-291-1234
Fax: 225-295-1234

RE/MAX First
Each Office Independently Owned and Operated
Main: 225-291-1234

Licensed by the Louisiana Real Estate Commission