Real Estate Information Archive


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Rates Have Dropped to 5% and below!!

by The Pat Wattam Team

Who would have thought we would see these rates again!  We are getting quotes of 5% for 30 year fixed loans and 4.75 for 15 year!!!!  There are a lot of mortgage products out there - most are credit score driven for the best rates but even if your score isn't the best, with rates these low you will be able to secure an excellent rate and buy a house now! 

Although the Greater Baton Rouge Real Estate Market hasn't experienced the downturn of some of the major cities around the country, we still have a very affordable market.  Take advantage of these interest rates and it's like getting your home at a reduced price!!! 

Also, those of you considering buying a 2nd home/vacaiton property on the Gulf Coast, don't forget my company there, Go Realty, can help you take advantage of THAT real estate market!  Prices there are incredibly low and as we all know, as soon as those late spring/summer rentals start coming in, the sellers aren't nearly as motivated to sell.  It is a wonderful opportunity to buy that 2nd home and we have lenders there who are offering 100% financing to Professionals (to see if you qualify for what they term 'Professionals' just send me an email and I'll check it out with them).

No matter where you want to buy, call us today and see what we can do for you!

Market Update for End of 2007

by The Pat Wattam Team

As I have suspected this year, the Baton Rouge Market that we mainly service, has trended back to the market we had prior to Katrina - not following the trends of rest of the country!!!  Baton Rouge has been named as one of teh 10 best cities for it's continued growth and affordable pricing - along with Austin, TX.  As our real estate market remains strong, you will notice more homes on the market, and perhaps we will see longer days until a house goes under contract as buyers have more properties to choose from.  What we have not seen is a decrease price.  It has been predicted that Katrina will fuel our market for 5 years - and then the business growth that Baton Rouge and surrounding areas have experienced with continue to sustain and drive our real estate market.  It's an exciting time to be in Baton Rouge!!

So, here are the stats for the past 4 years for East Baton Rouge, Ascension, and Livingston parishes.

Year       Homes Closed            Average Sales Price                  Days on Market    List/Sale Price%

2007          8818                               $196799                                         70                                97.99

2006        10316                               $187058                                         65                                98.22

2005        10700                               $165957                                         77                               98.42

2004          8278                               $145251                                        82                                98.14

Baton Rouge Area Real Estate Remains Strong

by The Pat Wattam Team

As 2007 came to an end, and the new year started so gloriously with a beautiful, yet cold, day, it was heartening to read the comments from the leaders from various businesses in Baton Rouge today with their outlook on our economy.  Many, not only ones associated with home sales or building, mentioned that we aren't having the same problems as many communities in the US are, and Baton Rouge continues to thrive.  Many mentioned that we have settled back to pre-Katrina times, and yet if you look around our city and surrounding areas, we see everywhere that we definitely are not pre-Katrina in traffic, in the way our downtown looks and feels, and in the many new companies we see here!!! 

As soon as all the closings are turned into MLS I will post the end of year stats here for you to check out. Then we can compare the past year and see where are real estate Market actually finished the year.

Displaying blog entries 1-3 of 3




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Contact Information

Photo of Pat Wattam Real Estate
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