West Baton Rouge Real Estate News

20 West Baton Rouge Louisiana Housing Market Facts

20 West Baton Rouge Louisiana Housing Market Facts

Here are Twenty (20) quick statistics for the West Baton Rouge Louisiana Housing Market for all of  2013 and considering that Interest rates went up over 1% in 2013. The information below is for ALL type property types.

West Baton Rouge  Real Estate News
West Baton Rouge Real Estate News

1.) Total Number of West Baton Rouge Home Sales 252

2.) Number of Sales increased by 21 or +9%, from 231 in 2012 to 252 in 2013.

3.) Dollar Sold Volume INCREASED by 25%, $43,061,409 in 2012 versus $47,604,815 in 2013

4.) Total Number of NEW Home Sales 141

5.) New Home Sales Made Up 56% of ALL sales

6.) Number of Distressed Home Sales were 27 in 2013 or 11% of ALL Sales.

7.) Distressed Sales DECREASED by 20% in 2013, from 34 in 2012 to 27 in 2013

8.) Days on market it takes to sell a home INCREASED by 4 days averaging 108 days in 2013.

9.) Homes Sold For 99% of Listing Price, an INCREASE from 2012 when it was 98%.

10.) Average sales price INCREASED slightly by 0.4% in 2013, $190,742 in 2012 to $191,312 in 2013

11.) Median sales price was remained virtually unchanged in 2013, $185,900 in 2012 to $185,722 in 2013

12.) Average price per square foot rose 1.7% this year, $105.22/sf in 2012 versus $106.96/sf in 2013

13.) Cash Sales made up 9.5% of ALL sales in 2013 or 24 sales.

14.) FHA Financed sales were up just slightly despite FHA implementing Permanent Mortgage Insurance for the life of the loan no matter how much equity one accrues, 48 sales in 2012 versus 51 sales in 2013.

15.) Foreclosure Sales DECCREASED by 12% in 2013, 25 in 2012 versus 22 in 2013.

16.) Number of Home Sales Over $200,000 103 or 40.1% of all sales.

17.) Number of Home Sales Over $300,000 11 or 4.4% of all sales.

18.) Lowest Sales Price $20,750.

19.) Highest Sales Price $402,000.

20.) Top 10 Best Selling West Baton Rouge Subdivisions in 2013 were:

Sugar Mill Plantation 60 Sale
West Palm Estate 24 Sales
Plantation Ridge 21 Sales
Orleans West 18 Sales
Rural Tracts 17 Sales
Acadian Crossing 12 Sales
Sunset Place 12 Sales
Westside Vilage 8 Sales
The Gates At The Oaks 6 Sales
River Landing 6 Sales

West Baton Rouge Louisiana Home Appraisals Appraisers
West Baton Rouge Louisiana Home Appraisals Appraisers

WEST BATON ROUGE REAL ESTATE BONUS FACT:
Going into 2014, there are 63 Pending Listings, which is a good sign for West Baton Rouge’s economy, furniture sales, home improvement center sales, etc..

NOTE: Distressed Sales are Auction, Third Party, Foreclosure, REO, Corporate Relocation, Short Sale, Estate, Lis Pendens, Court Approved Sales.

NOTE: Average Days On Market I’m reporting is Average Continuous Days On Market.

GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 01/01/2012 to 12/31/2013, extracted on 02/04/2014.

Have Any Questions About West Baton Rouge Housing?  Drop Bill Cobb Appraiser A Note Below

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