Coldwell Banker Gosslee

CBG'S September Housing Market Report

Location. Location. Location.
Posted: October 22, 2018 by Jessica Wimberly

Location.  Location.  Location.

That’s what we always hear in real estate.  But until now, it’s been really hard to get a really good look at what is happening with sales, prices and trends in particular neighborhoods.

Coldwell Banker Gosslee has solved that challenge!  We have created incredible information for Shreveport, Bossier City, Haughton, Benton, Greenwood, Stonewall, Keithville and Blanchard.  And, if that is not enough, we zoom in even closer to 25 different neighborhoods in Shreveport and Bossier City!

We now share so much at the ultra-local level including where to eat, information about schools, who lives here, how many rent vs. own a home, and a wide variety of real estate information.

Take “Panther Nation” in South Bossier for example.  There are currently 52 homes for sale here with the most expensive being $494,000.  Over the last six months, there have been 172 homes sold at a median price of $172,481.  Most of these homes were built in the early 1970s.  The median age of the community is 38, 63% are college educated and the household income is nearly $60,000 which is higher than the regional mark.  Oh, the hot spot for a sandwich is the five-star Fat Tuesday Sandwich Shop and Bakery.

Let’s go across the river to South Highland and Pierremont.  A very similar crowd lives here.  The median age is 38 with 69% college educated and a household income of $61,000.  There are currently 117 homes for sale, the highest listed at nearly $3 million! The median sales price for the 83 homes that sold over the last six months has increased to $209,150.  About 40% rent here and their median rental price is $865. With no money down, this is only $200 a month less than what owning a home would be.  Want something to eat?  Marilynn’s Place has more than 300 reviews!

Today is a great reminder of how important it is to get as much local information as possible because the National Association of Realtors just announced its Existing Homes Sales report for September.

Here are some points from the report:

·        Homes sales were down 4.1% nationwide last month from a year ago

·        Prices rose by 4.2% to a median (middle of all homes sold) price of $258,100

·        The inventory – or amount of homes available for sale – is about the same as last year

·        47% of the homes sold in less than 30 days

This news doesn’t seem so bad.  But look at the “sky is falling” headlines!

I doubt CNBC, MarketWatch and Yahoo have someone on the ground here in Northwest Louisiana!  That’s where Coldwell Banker Gosslee comes in with our monthly look at Caddo, Bossier and DeSoto Parishes. 

Here is how we are doing:

·        September sales were down 4.8% to 358 homes sold compared to 376 last year.  This number is exactly at the five-year September average.  Overall for the year, we are up 7% with nearly 3,700 homes sold!

·        Prices went down in September over last year by 3.6% to $180,716.  For the year, prices are down slightly to an average of $182,786.

·        September sales saw a year-over-year increase only in the $300,000-$400,000 sector. 

·        Caddo had the most action in the under-$200,000 sector, along with the $400,000-$500,000 range. 

·        Bossier was active in the $200,000-$400,000 price point.

Our report is great and full of information.  And now we are even better because of our incredible community pages.

Want to know what’s happening in North Bossier City or North Shreveport?  Now you can!

Call us today to learn more about the market!
Bossier City Office 318-747-5411
Shreveport Office 318-861-2461

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