Coldwell Banker Gosslee

Coldwell Banker Gosslee

CBGosslee's November Housing Market Report


Your local market report from your local Real Estate professionals
Posted: December 20, 2018 by Jessica Wimberly

Happy Holidays Northwest Louisiana!

THANKS FOR MAKING US #1 FOR 26 STRAIGHT YEARS!

It’s been a really busy time for us at Coldwell Banker Gosslee. Along with continuing to help buyers and sellers, we are celebrating that we are the top real estate company in Shreveport and Bossier for the 26th straight year!

That is an incredible accomplishment! I’ll bet that nearly half of us weren’t even born when the streak began!

You might be surprised to know that we remain pretty busy during the Holiday season. In fact, there were 318 sales in our region in November, up from the five-year average of 301! Overall, sales in Caddo, Bossier and Desoto Parishes are up 5% for the year.

A lot of our success is because our full-time agents have a ton of full-time marketing and operations support that allows them to concentrate on working with buyers and sellers.

As you can tell, we also know the local landscape better than anyone.

The National Association of Realtors came out with its monthly Existing Homes Sales Report that showed that nationally the number of sales in December dipped by 7% but median prices went up 4.2% to $257,700.

But as I’ve said all year, none of this national information means much to us.

So I wanted to end the year by looking at what’s going on in 17 of our region’s most popular communities.

Stonebridge, Ellerbe Forbing Corridor and Spring Lake are our most expensive areas while Central Bossier and Highland are the most affordable.

It was also interesting to see that Central Bossier is our largest renting community followed by Highland.

Clearly the “hottest” community over the last six months has been North Bossier where 134 homes have sold at a median price of about $242,000. If you want to move there, currently there are 197 homes for sale, the highest number of any other neighborhood.

And, to really impress you with our local knowledge, did you know that the residents of North Bossier have a median age of 38 with 67% college educated and a median household income of $77,000?

All year long, the median price of a home in Caddo, Bossier and Desoto Parishes has been about $160,000. Broadmoor is right at that figure and currently has 139 homes for sale with 77 selling in the last six months.

If you love knowing what’s going in-and-around Northwest Louisiana, you should check out our incredible community pages. We have great maps, features on the community, school information, data on the median age, household income and percentage of college educated along with Yelp reviews of the best places to eat, shop and more!

LAST SIX MONTHS THOUGH NOVEMBER

Market

Community

# of Homes Currently For Sale

# of Sales

Median Sales Price

 % of Listing Price you might expect to pay

% Who Own vs. Rent

Shreveport

Broadmoor

139

77

$160,906

97%

64% vs. 36%

Ellerbe Forbing Corridor

137

23

$265,312

97%

70% vs. 30%

Highland

120

30

$87,681

98%

50% vs. 50%

North Shreveport

113

89

$152,835

98%

59% vs. 31%

South Cross Lake/Yarbrough

61

29

$209,772

97%

80% vs. 20%

North Shreveport

113

89

$152,835

98%

69% vs. 31%

Southland & Pierremont

84

58

$206,344

97%

60% vs. 40%

Southwest Shreveport/Southern Hills

89

95

$149,048

98%

65% vs. 35%

Spring Lake

22

18

$293,567

95%

60% vs. 40%

Town South & The Haven Village Green

38

65

$184,392

97%

70% vs. 30%

West Shreveport/Huntington & New Castle

21

34

$114,088

97%

64% vs. 36%

Bossier City

Central Bossier

54

56

$83,263

92%

43% vs. 57%

Elm Grove/Sligo Road/Lake Bistineau

27

17

$95,606

90%

79% vs. 21%

North Bossier City

197

134

$242,307

98%

64% vs. 36%

Northeast Bossier City

34

82

$232,586

98%

85% vs. 15%

South Bossier City

33

116

$180,127

98%

63% vs. 37%

Stonebridge

16

3

$328,000

97%

73% vs. 27%

Haughton

Haughton

87

114

$198,000

98%

81% vs. 19%

Benton

Benton

103

93

$278,000

97%

86% vs 14%

 

 

 

 

 

 

 

Stonewall

Stonewall

24

35

$282,000

97%

83% vs. 17%

 

 

 

 

 

 

 

Keithville

Keithville

36

41

$133,000

95%

83% vs 17%

 

 

 

 

 

 

 

Blanchard

Blanchard

7

30

$170,000

99%

78% vs 22%

 

 

 

 

 

 

 

Greenwood

Greenwood

19

9

$121,000

101%

82% vs 18%

 

The column in the chart I find the most fascinating is what we call the “list to buy ratio.” This lets you get a good handle on what you might expect to pay. Since most of our communities are in the 97-98% range, we would expect your sales price to just a little shy of the asking price.

You can also take a look at our monthly Residential RealEstate Report which compares the national market to what is happening locally. 

Like our 150 agents in Shreveport and Bossier City, I am happy to answer any questions you might have.  Reach out to me at jessica@cbgosslee.com

HAPPY HOLIDAYS!



 

 

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