May 2018 Market Update for Ascension Parish and East Baton Rouge Parish

Ascension ParishAscension Parish Market update | east baton rouge parish market update

In May 2018, there were 299 homes listed in Ascension Parish with 182 of those selling. Those sellers received 98.71% of their asking price. The Average Sales price of those homes was $251,970.

There are currently 650 homes available in Ascension with an average list price of $326,837. If you are looking for a 3-4 bedroom house, there are 576 of those with an average price of $303,989.

Last month we stated that we felt we were moving into a more balanced market. This month we really see that happening. The percentage of homes that listed vs those that sold dropped 6%. The inventory is growing. As a seller, that means that you will have more competition out there so expect those sellers to negotiate a little harder with you than they have in the past.

East Baton Rouge Parish

In May 2018, there were 508 homes listed in areas 4,5 & 6 in East Baton Rouge Parish with 342 of those selling. Those sellers received 97.61% of their asking price. The Average Sales price of those homes was $276,300.

There are currently 1,123 homes available in these areas with an average list price of $445,812. Three bedroom homes are a little more affordable at an average of $278,200 while four bedroom homes are averaging $493,703.

Larger homes with 5+ bedrooms are taking a hit on their sales prices. Those homes sold for only 95.42% of their list price. It is definitely turning toward a buyer’s market in the upper price ranges and we are seeing buyers being able to negotiate a little more in the other price ranges as well. Hold on sellers, you are in for a little ride it seems. The rollercoaster has peaked for you it seems.

Hot Hoods

Interested in the neighborhoods that saw the most activity in May 2018?

Ascension Parish saw the most contracts in: Keystone of Galvez, , Pelican Point, Woodland Manor, Lakeview Estates and The Village of Conway

East Baton Rouge Parish saw the most contracts in: Capital Heights, BroadmoorAzalea Lakes, O’Neal Place, Sherwood Forest

We are super excited about our Spring market! If you have any questions or need an agent to help you just give us a shout!

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