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.
Saturday, December 29, 2012
Real Estate in Baton Rouge Flourishes!
2012 was a banner year for real estate sales in Baton Rouge and surrounding areas. We won't have the final tally until the 2nd full week in January, but up to this point, our whole MLS has improved in sales volume by over 12%, with East Baton Rouge real estate sales volume up 15%! The number of homes for sale and the actual number of homes sold are up, the average sales price is a down a little, but this is a very healthy real estate market. If this trend continues, we could expect to start slipping into a 'sellers market'! The supply of homes for sale in East Baton Rouge is under 8 months but in Ascension is it under a 6 month supply. What does this mean? For sellers, the homes that are selling are not only priced competitively but are also in excellent condition - meaning the home is current on the colors, updates, etc. For the buyers, this means that the days of making low ball offers on homes is coming to an end. Personally, we had 7 homes last year with multiple offers on them where in 2011 we had none. Buyers, if you really like a house, make a good offer! To start your home search in the Greater Baton Rouge Area go to http://search.batonrougerealestate.com/idx/10545/advancedSearch.php and put in your criteria and see what you find! My team is ready to help you any time - whether buying or selling, give us a call!
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