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Aug. 10, 2018

Real Estate Weekly Roundup - August 10

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

  • 439 Bonarbridge Dr , a garden home in Highland Creek subdivision in Baton Rouge, will be open to view on Sunday from 2-4pm

The below homes for sale will be open to tour Saturday from 1-4pm and Sunday from 3-6pm in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 10926 Old Hammond Hwy [Condo] - $110,000 | Contact Stefanie Mars for more info
Geismar - 36270 Bluff Heritage Ave - $549,900 | Contact CaBrena Roberts for more info
Gonzales - 11401 Double M Dr - $424,900 | Contact Johnny Mondello for more info
Prairieville - 40024 Summer Wind Ave - $335,000 | Contact CaBrena Roberts for more info
Prairieville - 37417 Cypress Hollow Ave - $438,000 | Contact Sam Watts for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

  • Construction to begin soon on new 75-lot subdivision near Airline/Old Hammond intersection [Business Report]
  • Single-family home prices in Baton Rouge area up 1.7% in June [Business Report]
  • Quantity of homes sold in June down compared to last year [Business Report]
  • Breakfast and lunch cafeteria opening soon on Government St in Baton Rouge [Business Report]
  • City Slice Pints & Pies to open August 14 near LSU campus [225 Baton Rouge]
  • Rita's Italian Ice custard and treat shop to open near LSU campus later this month [Business Report]
  • Nicholson Gateway opening Starbucks, Frutta Bowls, sneaker/apparel boutique this month [Business Report]
  • Cannatella Grocery coming to Mid-City Baton Rouge [Business Report]
  • Italian restaurant, nutritional cafe coming soon near Bass Pro in Denham Springs [Business Report]
  • Trampoline park breaks ground near Bass Pro in Denham Springs [Business Report]
  • New Orleans listed among cities where homeowners stay put the least [REALTOR Mag]
  • Median price nationwide breaks 2Q record for single family homes [REALTOR Mag]
  • ATTOM Data grades 10,000 neighborhoods nationally, including some in Louisiana [ATTOM]
  • Kitchens featuring natural wood cabinetry increasing in popularity for new home buyers [REALTOR Mag]
  • Is nationwide home inventory crunch beginning to subside? [Realtor Mag]

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

The Greater Baton Rouge Board of REALTORS® has released the sales report for the month of June. The report includes homes listed and sold in Baton Rouge, Central, Denham Springs, Geismar, Gonzales, Greenwell Springs, Plaquemine, Port Allen, Prairieville, St Amant, Walker, Watson, Zachary, and the remaining Greater Baton Rouge Region. Check out a few of the tidbits below and view the complete report!

  • There were 1528 new listings this June compared to 1403 new listings last June
  • There were 1082 pending sales this June compared to 1032 pending sales last June
  • There were 1040 closed sales this June compared to 1148 closed sales last June
  • The average days on market until sale this June was 58 -- the same as last June
  • The median sales price increased from $199,900 last June to $201,818 this June
  • The average sales price decreased from $231,472 last June to $229,548 this June
  • The inventory of homes for sale increased from 3429 last June to 4156 this June

Click here to view full report


 


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July 27, 2018

Real Estate Weekly Roundup - July 27

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

New Listings from Property First Realty Group

Baton Rouge - 2210 Christian St [Rental] - $1,300 | Contact Iré Gaines for more info
Baton Rouge - 5253 River Meadow Dr - $251,900 | Contact Sheila Payton for more info
Baton Rouge - 10063 S Vignes Rd - $669,900 | Contact Rick Berry for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

In the scatter plot below, we compare June of 2018 with the previous four years in average days on the market for detached single family homes. The plot shows how many days it took homes to sell on average within a given price range for June 2014 - June 2018 in the Greater Baton Rouge Area according to the Greater Baton Rouge Board of Realtors' Multiple Listing Service (MLS). The MLS includes homes sold in Baton Rouge, Central, Denham Springs, Geismar, Gonzales, Greenwell Springs, Prairieville, St Amant, Walker, Zachary, and other surrounding areas in the Greater Baton Rouge region. While homes didn't sell as quickly this June compared to last year in some prices ranges, they sold quicker than other previous years. You can view the trends for the month of May in our previous blog post.


 


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July 20, 2018

Real Estate Weekly Roundup - July 20

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

The below homes for sale will be open to tour from 3-6pm on Saturday and 2-5pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 2210 Christian St [Rental] - $1,300 | Contact Iré Gaines for more info
Baton Rouge - 14130 Old Hammond Hwy [Land] - $65,000 | Contact Sheila Payton for more info
Central/Greenwell Springs - 4896 Harbor Ln - $282,500 | Under Contract!
Prairieville - 42167 Stone Way Dr - $217,000 | Contact Sheila Payton for more info
Prairieville - 18227 Old Trail Dr - $328,900 | Contact Johnny Mondello for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

The list below shows the average sales price for detached single family homes sold in each zip code from January 1 to June 30 of this year. The number in parenthesis indicates the total number of homes sold in each zip code during the specified time frame. The zip codes are located in Baker, Baton Rouge, Central, Denham Springs, Geismar, Gonzales, Greenwell Springs, Prairieville, St Amant, St Gabriel, Watson, Zachary, and more. Refer to this map to see where each zip code is located, if needed!

  • 70706 - $200,134 (156)
  • 70726 - $175,317 (495)
  • 70734 - $308,819 (62)
  • 70737 - $229,693 (322)
  • 70739 - $230,360 (92)
  • 70714 - $129,962 (82)
  • 70769 - $265,151 (485)
  • 70774 - $221,272 (33)
  • 70776 - $246,103 (38)
  • 70785 - $193,345 (131)
  • 70791 - $252,350 (213)
  • 70802 - $89,026 (43)
  • 70805 - $42,194 (61)
  • 70806 - $283,227 (128)
  • 70808 - $365,520 (188)
  • 70809 - $340,311 (119)
  • 70810 - $378,116 (351)
  • 70812 - $88,996 (34)
  • 70814 - $135,723 (88)
  • 70815 - $168,650 (166)
  • 70816 - $203,780 (219)
  • 70817 - $256,745 (321)
  • 70820 - $247,161 (119)

 


Looking for Commercial space?

We have a few commercial properties for sale and for lease in Baton Rouge, Prairieville, and Zachary. Please see the list below and contact the respective agent for more information! 

Baton Rouge - 3300 N Sherwood Forest - $300,000 | Contact Stefanie Mars for more info
Prairieville - 16044 LA Hwy 73, Unit 104A - $3,600 (Lease) | Contact Sam Watts for more info
Prairieville - 16044 LA Hwy 73, Unit 104B - $2,100 (Lease) | Contact Sam Watts for more info 
Zachary - 21146 Plank Rd - $950,000 | Contact Stefanie Mars for more info

  

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July 13, 2018

Real Estate Weekly Roundup - July 13

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

  • 36172 Beverly Hills Dr in Prairieville's Fountain Hill subdivision will be open to view on Sunday from 2-4 PM
  • 58115 Labauve Ave in the Garden District in Plaquemine will be open to view on Sunday from 2-4 PM

The below homes for sale will be open to tour from 1-6pm on Saturday and 3-5pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 2210 Christian St [Rental] - $1,300 | Contact Iré Gaines for more info
Baton Rouge - 14130 Old Hammond Hwy [Land] - $65,000 | Contact Sheila Payton for more info
Geismar - 12473 Sugarmill Dr - $269,900 | Contact Johnny Mondello for more info
Prairieville - 42167 Stone Way Dr - $217,000 | Contact Sheila Payton for more info
Prairieville - 18227 Old Trail Dr - $328,900 | Contact Johnny Mondello for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

With the conclusion of the second quarter of 2018 real estate in the books, we look at the trend of the average days on the market for detached single family homes sold in Ascension Parish, East Baton Rouge Parish, Iberville Parish, Livingston Parish, West Baton Rouge Parish, and the entire Greater Baton Rouge Area. As displayed in the graph below, the average days on the market decreased across the board from the first quarter to the second quarter of this year, with the exception of West Baton Rouge Parish. East Baton Rouge and Ascension Parish homes sold quicker compared to the rest of the area covered by the Multiple Listing Service. Other than Iberville Parish in the second quarter, the average days on the market has increased in each of the parishes and in the entire Multiple Listing Service from last year to this year of both the first and second quarters.


 


How does rent in Baton Rouge compare nationally?

Last week, Rent Cafe released an article detailing the demand for apartments and the national average rent price for studio apartments and 1-3 bedroom apartments. At the bottom of their article, they provided an interactive table where you can navigate to view Baton Rouge, Metairie, and New Orleans average rent prices and how much prices have changes month over month and year over year. Read Article

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July 6, 2018

Real Estate Weekly Roundup - July 6

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

The below homes for sale will be open to tour from 2-4pm on Saturday and 2-4pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 14130 Old Hammond Hwy [Land] - $65,000 | Contact Sheila Payton for more info
Geismar - 12473 Sugarmill Dr - $269,900 | Contact Johnny Mondello for more info
Prairieville - 42167 Stone Way Dr - $217,000 | Contact Sheila Payton for more info
Prairieville - 18227 Old Trail Dr - $328,900 | Contact Johnny Mondello for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

The month of June is in the books. Below, we take a glimpse at the average sales price from the past month in Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge Parishes, as well as where listing prices currently stand in the aforementioned areas. Check out our June 1st post to compare prices from a month ago!


Highest, median, and lowest prices of detached single family homes sold in Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge Parishes in the month of June:

  • Ascension: High $607,500  | Median: $249,950 | Low: $25,000
  • East Baton Rouge: High: $1,500,000  | Median: $218,950 | Low: $17,000
  • Iberville: High: $460,000 | Median: $169,900 | Low: $25,000
  • Livingston: High: $842,500 | Median: $178,155 | Low: $29,500
  • West Baton Rouge: High: $360,000 | Median: $203,855 | Low: $55,900


Highest, median, and lowest listing prices of detached single family homes for sale in Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge Parishes:

  • Ascension: High $2,295,000 | Median: $286,000 | Low: $20,000
  • East Baton Rouge: High: $7,500,000 | Median: $260,000 | Low: $9,900
  • Iberville: High: $1,500,000 | Median: $216,900 | Low: $30,000
  • Livingston: High: $1,400,000 | Median: $216,200 | Low: $18,900
  • West Baton Rouge: High: $880,000 | Median: $225,817 | Low: $49,900

 


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June 29, 2018

Real Estate Weekly Roundup - June 29

Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

The below homes for sale will be open to tour from 2-5pm on Saturday and 1-4pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 1727 W Fairview Dr - $185,000 | Contact Stefanie Mars for more info
Denham Springs - 13987 Arbor Walk - $185,000 | Contact Jeff Folger for more info
Gramercy - 214 N Airline Ave - $150,000 | Contact Johnny Mondello for more info
Plaquemine - 58155 Labauve Ave - $399,500 | Contact R.J. Louviere for more info
Prairieville - 42167 Stone Way Dr - $220,000 | Contact Sheila Payton for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

   •   Dining, optometrist, yoga opening soon at Essen/Perkins intersection [Business Report]
   •   Pending Home Sales Inch Back 0.5% in May [National Association of Realtors]
   •   National Association of Realtor's May 2018 Pending Home Sales Regional Snapshot
   •   New-Home sales jump to second highest since the Recession [Realtor Mag]
   •   View median home prices of metropolitan cities throughout the US in 2018 Q1

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

The Greater Baton Rouge Board of Realtors (GBRAR) released a full sales report for the month of May. Included in the report are statistics on new listings, pending sales, closed sales, days on the market, median and average sales prices, percent of list price received, house affordability index, inventory of homes for sale, and months supply of inventory. Below are some tidbits and the full report:

  • Days on the market increased from 55 days to 66 days from May 2017 to May 2018
  • Median sales price rose to $200,000 compared to $186,000 of May of last year
  • The average sales price was $230,980 this May, up from $220,505 last May

View the full sales report for the month of May here.


 


Are 3-D printed homes the future? 

Living in a home built by a 3-D printer sounds crazy, right? Maybe not, if you live in the Netherlands. According to Independent, the first livable concrete houses of its kind will be built in the city of Eindhoven later this year. Better customization and less material waste are just two of the cited benefits of 3-D printed homes. Check out the full story here

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June 22, 2018

Real Estate Weekly Roundup - June 22

We update you on our newest listings, this weekend's open houses, home loan and subdivision news, and a comparison of home and land sales of May of this year to last year. Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

The below homes for sale will be open to tour from 3-6pm on Saturday and 2-6pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

In Plaquemine, 58155 Labauve Ave will be open to tour on Sunday from 2-4pm.

New Listings from Property First Realty Group

Baton Rouge - 1727 W Fairview Dr - $185,000 | Contact Stefanie Mars for more info
Denham Springs - 13987 Arbor Walk - $185,000 | Contact Jeff Folger for more info
Gramercy - 214 N Airline Ave - $150,000 | Contact Johnny Mondello for more info
Plaquemine - 58155 Labauve Ave - $399,500 | Contact R.J. Louviere for more info
Prairieville - 37120 Murphy Webb Ave - $262,000 | Contact Sheila Payton or CaBrena Roberts

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

   •   Long Farm Village subdivision adding dining and banking in 2019 [Business Report]
   •   Existing-home sales decreased nationally 0.4% in May [National Association of Realtors]
   •   Freddie Mac expands 3% down loans for new buyers [Realtor Mag]
   •   Prices hit record high nationally [Realtor Mag]
   •   New home construction surges to highest level in decade [Realtor Mag]
   •   Atwater subdivision on River Rd in permitting process [Business Report]
   •   Presales for new Arbors at the Bluffs neighborhood in St. Francisville have begun [Business Report]

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

How did land and residential home sales compare in May of this year to last year in Ascension Parish, East Baton Rouge Parish, Livingston Parish, and West Baton Rouge Parish? We are glad you asked!

  • West Baton Rouge Parish had the highest change in average sales price of residential homes as they increased by $24,959 (13% change).
  • While the quantity of residential homes decreased in East Baton Rouge Parish and Livingston Parish, there were 37 more homes sold in Ascension Parish compared to May of last year (24% change).
  • Residential home inventory is up across all four parishes compared to last year. This change is most prevalent in Ascension Parish with 216 more homes for sale (31% change) and Livingston Parish with 207 more homes for sale (25% change) compared to last May.
  • Inventory of land for sale saw an increase in Ascension, East Baton Rouge, and Livingston Parishes, and a decrease in West Baton Rouge Parish.
  • The number of land lots sold increased in Ascension and Livingston Parishes, but decreased in East Baton Rouge and West Baton Rouge Parishes.
  • The average sales price of land increased in Ascension and East Baton Rouge Parish, but decreased in Livingston and West Baton Rouge Parishes.


 


We can build your custom dream home

Our sister company, Pro One Corp, can build your custom dream home in Prairieville and the Greater Baton Rouge Area with outstanding quality and service. Pro One Corp has won multiple awards in the annual Capital Region Builders Association Parade of Homes, but the smiling faces of our satisfied customers are the most rewarding of all. Check out our photo gallery of our homes and get more information at ProOneCorp.com

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Top 10 Things to do in the summer in Louisiana
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June 15, 2018

Real Estate Weekly Roundup - June 15

Homes are flying off of the market and new subdivision developments are making progress as prime real estate season has made its arrival. Below is an aggregation of real estate news, new real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

We are hosting these Open Houses this weekend:

The below homes for sale will be open to tour from 1-4pm on Saturday and 2-6pm on Sunday in The Hollows of Dutchtown subdivision in Prairieville.

New Listings from Property First Realty Group

Baton Rouge - 1727 W Fairview Dr - $185,000 | Contact Stefanie Mars for more info
Baton Rouge - 5120 River Meadow - $430,000 | Contact Sheila Payton for more info
Denham Springs - 13987 Arbor Walk - $185,000 | Contact Jeff Folger for more info
Plaquemine - 58155 Labauve - $399,500 | Contact R.J. Louviere for more info
Prairieville - 37120 Murphy Webb Ave - $262,000 | Contact Sheila Payton or CaBrena Roberts

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

   •   Atwater subdivision on River Rd in permitting process [Business Report]
   •   Presales for new Arbors at the Bluffs neighborhood in St. Francisville have begun [Business Report]
   •   Novelist Anne Rice's $4.5M New Orleans mansion is for sale [The Advertiser]
   •   Restaurants, fitness center, and shopping now open in new Highland Park Marketplace [Business Report]
   •   New Orleans ranks high in markets with highest share of investment homes [Realtor Mag]
   •   Homeowner equity growth streak continues [Realtor Mag]
   •   U.S. home values are rising at fastest pace in 12 years [Bloomberg]
   •   National Forecast: home sales and prices to rise [National Association of Realtors]

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

Last week, we looked at how Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge Parishes compared to each other and the entire Greater Baton Rouge Area in the average days on the market of homes sold. This week, we compare May of 2018 with the previous four years in average days on the market. The scatter plot below shows how many days it took homes to sell on average within a given price range for May 2014 - May 2018 in the Greater Baton Rouge Area. While the scatter plot gives us a good idea of how quickly homes are flying off of the market compared to previous years, it is important to note that some numbers could be skewed by one or two homes that sat on the market for 500+ days that finally sold in May. Likewise, a few homes that sold quickly could drive the average days on the market down. With that being said, homes have sold quicker this May and last May across most of the price ranges.    


 


We can build your custom dream home

Our sister company, Pro One Corp, can build your custom dream home in Prairieville and the Greater Baton Rouge Area with outstanding quality and service. Pro One Corp has won multiple awards in the annual Capital Region Builders Association Parade of Homes, but the smiling faces of our satisfied customers are the most rewarding of all. Check out our photo gallery of our homes and get more information at ProOneCorp.com

You may also be interested in...

Top 10 Things to do in the summer in Louisiana
Family Night Discounts
Tips for Hurricane Preparation
5 Home Buying Tips
How to Prepare to Sell

June 8, 2018

Real Estate Weekly Roundup - June 8

A lot is happening in the local real estate market including new home and land listings, developments in new subdivisions, and changes in the market. Below is an aggregation of real estate news, real estate listings, and market statistics for the Greater Baton Rouge Area and nationally. 

New Listings from Property First Realty Group

Baton Rouge - 5120 River Meadow - $430,000 | Contact Sheila Payton for more info
Denham Springs - 11427 Rossow Ct - $159,900 | Contact Donna Cyprowski for more info
Plaquemine - 58155 Labauve - $399,500 | Contact R.J. Louviere for more info
Prairieville - 42446 Wynstone Dr - $250,000 | Contact Johnny Mondello for more info
Prairieville - 37120 Murphy Webb Ave - $262,000 | Contact Sheila Payton or CaBrena Roberts
Prairieville - 39414 Lakeland Ave - $297,500 | Contact Donna Cyprowski for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

   •   East Baton Rouge cited in correlation between birth rates and home values [Business Report]
   •   Homeowner equity growth streak continues [Realtor Mag]
   •   Construction to begin in June on Vintage Place neighborhood off Jones Creek Rd at Tiger Bend [Business Report]
   •   Planning Commission to vote this month on the Materra development at Woman's Hospital [Business Report]
   •   Homebuilding to begin by summer 2019 at The Sanctuary development at Babin Rd and Tiger Bend [Business Report]
   •   Rouzan development adding restaurant, retail, and Sprouts Farmers Market [Business Report]
   •   U.S. home values are rising at fastest pace in 12 years [Bloomberg]
   •   National Forecast: home sales and prices to rise [National Association of Realtors]

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

In the graph below, you can see how Ascension, East Baton Rouge, Iberville, Livingston, and West Baton Rouge compare to each other and the entire Greater Baton Rouge Area in the average days on the market of homes sold. You can send the trend of the days on the market for each quarter of 2017 as well as the first quarter of this year. The average amount of days for a home to sell in the region decreased in the third quarter of 2017 (July-September). We will keep an eye on the trend over the next few months to see how it compares to 2017, so keep an eye out for our future weekly roundups! 


 


Who is L'Auberge's new neighbor?

Have you driven around L'Auberge Casino lately and noticed the expansive development being built next door? In case you missed it, we detailed L'Auberge's new neighbor -- Pointe Marie subdivision. Loaded with amenities and convenience, the Pointe Marie subdivision has homes and lots available for sale. Check out last month's blog for more information.

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Top 10 Things to do in the summer in Louisiana
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June 1, 2018

Real Estate Weekly Roundup - June 1

A lot is happening in the local real estate market including new home and land listings, developments in new subdivisions, and changes in the market. Below is an aggregation of real estate news, real estate listings, and market statistics for the Greater Baton Rouge Area.

New Listings from Property First Realty Group

Baton Rouge - 15760 Riverdale Ave - 99,500 | Contact Jessie Palacios for more info
Baton Rouge - 5120 River Meadow - $430,000 | Contact Sheila Payton for more info
Denham Springs - 11427 Rossow Ct - $159,900 | Contact Donna Cyprowski for more info
Denham Springs - 10232 Sims Rd - $193,000 | Contact Johnny Mondello for more info
Prairieville - 15255 Palmetto Ln - $174,900 | Contact Sheila Payton for more info
Prairieville - 42446 Wynstone Dr - $250,000 | Contact Johnny Mondello for more info
Prairieville - 39414 Lakeland Ave - $297,500 | Contact Donna Cyprowski for more info
Prairieville - 36172 Beverly Hills Dr - $469,000 | Contact Iré Gaines for more info

Other newly listed homes and land for sale:

Addis | Baton RougeCentral | Denham Springs | Geismar | Gonzales | Port Allen | Prairieville | Walker

Complete list of homes for sale: Newest Listings in the Greater Baton Rouge Area

Local and National Real Estate News

   •   Existing home sales down nationally in April [National Association of Realtors]
   •   Native plants, outdoor yoga spaces, charging states highlight top landscaping trends for 2018 [Realtor Mag]
   •   Construction to begin in June on Vintage Place neighborhood off Jones Creek Rd at Tiger Bend [Business Report]
   •   Planning Commission to vote in June on the Materra development at Woman's Hospital [Business Report]
   •   Homebuilding to begin by summer 2019 at The Sanctuary development at Babin Rd and Tiger Bend [Business Report]
   •   Rouzan development adding restaurant, retail, and Sprouts Farmers Market [Business Report]
   •   U.S. home values are rising at fastest pace in 12 years [Bloomberg]
   •   National Forecast: home sales and prices to rise [National Association of Realtors]

Current mortgage interest rates: Bank Rate

Market Statistics for Greater Baton Rouge Home Sales

With the month of May coming to a close, let's look at some of the area's sales prices and list prices. The chart below displays the average sales price in the month of May by parish in the Greater Baton Rouge Area. The average sales price is listed above the bar and the total number of homes sold in the month is listed in parenthesis next to the given parish.


The chart below depicts the average price of homes for sale in the indicated parishes. The average list price is listed above the bar and the total number of active listings are listed in parenthesis next to the parish.



 


Summertime in Louisiana - Entertainment Ideas

Summertime has arrived! Are you looking for family entertainment ideas? We have some great suggestions in our Top 10 Things to do in Louisiana blog.