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, May 19, 2010
Greater Baton Rouge Real Estate Market Update
This graph shows how steady the Greater Baton Rouge Real Estate Market remains. Our average price has remained this steady pretty much for the past 5 years. Of course, after hurricane Katrina we did see a bump in prices, but those leveled out pretty quickly. We have a very healthy real estate market with an average days on market now of about 92, if you look at East Baton Rouge, Ascension, and Livingston grouped together.
We do have more homes on the market but plenty are selling. If you want to keep up with homes for sale and sold with 1/2 mile of your house in the Greater Baton Rouge Area, you can sign up for an automated, monthly service from Market Snapshot.
As always, please let us know if you have any real estate questions you would like us to answer or, if you are planning a move, give us a call to help you make it as smooth and stress free as possible!! Pat Wattam
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Hi Pat, thank you for the insightful article. While price is extremely important, the first time buyers I've been working with are also placing enormous weight on value. They’re not as interested in renovating or repairing homes, and would prefer to pay a bit more for a move-in ready property – which includes landscaped yard, granite countertops, and other amenities that add long-term value to the home.
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