West Baton Rouge Real Estate Buzz

Baton Rouge, suburbs grow in population while rural parishes decline, Census data shows - The Advocate News

"East Baton Rouge remained Louisiana's largest parish in 2020 and grew slightly faster than the state over the past decade. But it also fell in the middle of the pack for growth among other big urban parishes in Louisiana. Ascension and West Baton Rouge parishes saw the second and third fastest growth rates in Louisiana between 2010 and 2020."

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https://www.theadvocate.com/baton_rouge/news/article_c5ca968a-fb88-11eb-86bc-bba0012a0054.html

Fannie Mae: Economic Growth Likely to Accelerate – Rising Interest Rates a Risk, But Housing Expected to Remain Resilient

"We continue to expect an acceleration in real gross domestic product (GDP) growth and employment in the coming months as vaccinations progress further, warm weather arrives, and the recently passed stimulus bill takes effect. Home sales are likely to be minimally affected by rising mortgage rates to date, though a further jump in rates is a risk..."

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Economic Growth Likely to Accelerate – Rising Interest Rates a Risk, But Housing Expected to Remain Resilient | Fannie Mae We continue to expect an acceleration in real gross domestic product (GDP) growth and employment in the coming months as vaccinations progress further, warm weather arrives, and the recently passed stimulus bill takes effect. Home sales are likely to be minimally affected by rising mortgage rates to...

Baton Rouge home sales mirror national trends

"Baton Rouge was among the cities with the largest gains in sales, according to Redfin, with sales rising 26%. Other cities with similar gains include Bridgeport, Connecticut, (38%) and San Jose, California, (33%)."

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Baton Rouge home sales mirror national trends - Baton Rouge Business Report The national median home sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013, according to a new report from real estate brokerage company Redfin. Closed home sales were up 5% from a year earlier and pending sales were up 21%. New listings fell 16%...

Baton Rouge area home sales continue hot streak; See how much they increased in February - The Advocate

"The number of homes sold in metro Baton Rouge was 27.1% higher in February than the year before, continuing a nine-month hot streak of year-to-year double-digit percentage increases in houses sold. There were 943 homes sold in the nine-parish area in February, according to figures released Monday by the Greater Baton Rouge Association of Realtors' Multiple Listing Service, up from 742 sales in February 2020. Record-low interest rates have helped the market roar back after down months caused by the coronavirus pandemic."

Baton Rouge area home sales continue hot streak; See how much they increased in February The number of homes sold in metro Baton Rouge was 27.1% higher in February than the year before, continuing a nine-month hot streak of year-to-year double-digit percentage increases in houses

"Even before the coronavirus pandemic and the economic recession it triggered happened, the Baton Rouge metro area was reporting a reduction in the gross domestic product, bucking a statewide trend."

Baton Rouge was losing GDP even before the coronavirus pandemic; bucking statewide trend Even before the coronavirus pandemic and the economic recession it triggered happened, the Baton Rouge metro area was reporting a reduction in the gross domestic product, bucking a statewide trend.

WBR ranks third in state for home value growth over past 5 years

WBR ranks third in state for home value growth over past 5 years (The West Side Journal) – West Baton Rouge Parish ranked third for property tax values across Louisiana in a study released by SmartAsset, a New York-based financial technology company. Local…

“The No. 1 thing we’ve been asked for is a fourth bedroom or another room that can be used as a home office.”

Single-family homes for less than $350K are hot sellers in Baton Rouge - Baton Rouge Business Report With record-low mortgage rates, certain pockets of Baton Rouge’s residential real estate market are experiencing a surge in sales activity. What’s more, as people plan to continue working from home, most buyers are looking for their new dwellings to have a couple of key amenities; namely, pools ...

"A surge of home sales in June helped offset earlier declines triggered by the coronavirus pandemic and put the Baton Rouge area just 1.9% below 2019 levels at midyear. Chelsea Meng, president of the Greater Baton Rouge Association of Realtors, said while fears about the coronavirus pandemic caused sales to slow up in March and April, activity has rebounded. There were 1,243 MLS sales in June, a 21.7% increase over the 1,021 sales in June 2019."

Home sales surge in June puts Baton Rouge area just 1.9% below 2019 at midyear mark A surge of home sales in June helped offset earlier declines triggered by the coronavirus pandemic and put the Baton Rouge area just 1.9% below 2019 levels at midyear.

Due to coronavirus, Baton Rouge area assessors are considering lowering property tax assessments Louisiana's stay-at-home order, from which the state is still gradually emerging, has landed a gut punch on the state 's economy, which has shed jobs, burned through unemployment compensation benefits

West Baton Rouge Housing Market Pulse
This page provides a pulse of five (5) different sets of data:
West Baton Rouge Parish as a whole
Port Allen Louisiana
Brusly Louisiana
Addis Louisiana
West Baton Rouge New Home Construction

Includes how much each changed since 2/2019.

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West Baton Rouge Housing Market Pulse West Baton Rouge Housing Market Pulse This page provides the pulse of five (5) different sets of data: West Baton Rouge Parish as a whole Port Allen Louisiana Brusly Louisiana Addis Louisiana West …

"Over the past year, the Baton Rouge metropolitan statistical area saw the second-biggest decrease in home prices among the nation’s top 100 MSAs, according to the most recent House Price Index from the Federal Housing Finance Agency."

Baton Rouge sees nation’s second-biggest drop in 2019 home prices - Baton Rouge Business Report Over the past year, the Baton Rouge metropolitan statistical area saw the second-biggest decrease in home prices among the nation’s top 100 MSAs, according to the most recent House Price Index from the Federal Housing Finance Agency. Home prices in Baton Rouge fell 0.2% between the fourth quarter ...