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, June 24, 2009
Good News for Baton Rouge Real Estate
As we have continually tried to let everyone know, the economy in the Greater Baton Rouge area is doing just fine. We were listed as the #8 city to best weather the recession. Then today, the news had an article showing that we are on a list of markets with the best expected performance in home prices over the next 12 months, among area with populations greater than 600,000. This is something I have been saying for months. Although the number of sales is off about 20% overall, the prices for our homes remain steady. It's true if you purchased a home at the height of the Katrina days and want to sell it now, you will probably lose money. But for most of our clients, this is a great time to buy or sell real estate. The Baton Rouge Real Estate market is doing just fine!!
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