While the rest of the country is confused about where the real estate market is headed, here in Louisiana we are still forging ahead. It's interesting that historically when the rest of the country was experiencing unprecedented appreciation, our market would be just the opposite. It's nice to be the opposite of rest of the country now as our average sales price continues to increase. Of course, with that we are also experiencing a shortage of inventory in different segments of our market. Gone are the days when you can find a $100,000 home in many areas of Baton Rouge.
With interest rates continuing to remain around 6%, it is still such an excellent time to purchase. With that in mind, maybe it's time to think about buying that vacation home! We were fortunate enough to purchase a condo on the Diversion Canal two years ago and although it's only 40 minutes from our home, it feels like we have really gone on vacation - and yet it is close enough that we can run down anytime.
A vacation home doesn't have to be an expensive condo in Gulf Shores (although that is a GREAT idea!) but someplace you can get away and relax. St Francisville, any waterfront area from the Tickfaw to False River to the Diversion Canal - we have plenty of choices. Think about how you would enjoy a lazy weekend and seek out those places. You know you can always count on us to help you shop!
Updated information on the changing state of the real estate market in Baton Rouge, Louisiana and the surrounding Parishes including Ascension Parish, East Baton Rouge Parish, Livingston Parish, East and West Baton Rouge Parishes, and West Baton Rouge Parish. Information includes homes for sale, sales stats, information for buyers, information for sellers, and things to do in the area as well as information on The Pat Wattam Team at RE/MAX First.
Wednesday, January 17, 2007
Great Real Estate Market? Time to Buy a Vacation Home!!
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