May 2017 Real Estate Market Update for Ascension & East Baton Rouge Parishes

Ascension Parish saw 15 less homes sold in May than April. The numbers show that to be a 2% decline but I feel like that’s pretty steady.  The Median Sales Price held pretty steady with only a 2% decline and homes are still flying off the shelf with only 17 days on the market. It is truly a seller’s market with such a low inventory and homes selling for nearly 100% of asking price. There are only 398 homes available as of today!

East Baton Rouge Parish saw a 20% (64 unit) increase in sales volume in May of 2017. The largest increase was in the $150,000-$250,000 price range. The Median Sales Price held steady with homes only staying on the market for only 11 days! East Baton Rouge is also seeing a strong seller’s market like Asension Parish with a low inventory and seller’s getting 98.6% of their asking price. As of today there are only 831 homes on the market!

It is certainly a great time to sell if you have been thinking about it!

HOT HOODS!

This is a fun little section that I’m excited to offer. Every month, I will share with you the subdivisions that have had the most number of homes go pending during the month. Check it out… you might see a subdivision you like that’s on the move!

       Ascension Parish

  • Keystone of Galvez
  • Hidden Farms
  • Pelican Point
  • Gonzales Trace
  • Old Mill
  • Pelican Crossing
  • Woodland Manor

 

East Baton Rouge Parish

  • Broadmoor
  • Capital Heights
  • Long Farm
  • Country Manor
  • Azalea Lakes
  • Jefferson Terrace
  • Hickory Ridge

 

If you would like to take a look at the available homes in your area, check them out at www.HomeSalesOfBatonRouge.com 

*Information was gathered from the Greater Baton Rouge MLS. Ascension information includes detached single family homes in all of the Parish excluding Donaldsonville. East Baton Rouge information includes detached single family homes in areas 4,5&6.

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