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Star Power Conference in Phoenix

by The Pat Wattam Team

I recently attended the Star Power Conference in Phoenix with 1600 other agents from around the country and Canada.  Most of the other agents were in markets that were experiencing a real slump - usually because of too much inventory.  Just a few years ago most of these agents were experiencing a Market with too few Listings and people bidding in a frenzy over the properties.

Luckily for us in the Greater Baton Rouge market we have a pretty steady market.  I know there is a little concern about over building, but so far, even though our days on the market are longer, the market is still very strong.

I had the priviledge of moderating a class at the conference and also presenting one of my marketing pieces from Orange Beach, AL to the entire group!  The Star Power Conference is a great place to network with other agents across the country, share ideas, and learn new ways to service our clients - or tweak what we already do.  I always love this conference because I come back with a sense of renewal and an appreciation of where we live!

Market Statistics for First Half of 2007

by The Pat Wattam Team

We will start by comparing the new Listings on the Market in June 07 to June 06, and group Ascension, East Baton Rouge, and Livingston Parishes for our comparison.

The categores are the number of new Listings that came on the market for the month of June and  the average list price of these homes.  Then we look at the average list price of the homes that sold vs what they sold for, as well as the days on market.  First we look at  June 2006, then June 2007, and finish up with 1 year report from June 2006. 

June 2006

# of New Listings      Ave List Price New Listings          Ave List Price Sold Listings     Sold Price               DOM

1341                        $198, 325                                      $193.179                             $190,309            58   

June 2007

1368                         $226,407                                        $206,176                            $202,661           61

Same comparisions but for 1 year from the first of June 2006.

June 2006-June 2007

14,703  $211,209 (New Listings)                                 $198,472                           $194,852             66

As is evident with these numbers, our market continues to creep up.  So while interest rates have gone up a bit, the market overall remains very strong!  So, go on, Make Your Move!!!

And don't forget to call me if you need a market analysis of your home, or want to start the process with automated home search.  Call me anytime 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