Friday, December 21, 2012

Real estate recap: December 18, 2012

A November to remember: Strong November home sales in the eight-parish region tracked by the Greater Baton Rouge Association of Realtors have already placed year-to-date 2012 home sales ahead of total sales in 2011, with another month of sales still to report this year. GBRAR reports 566 homes were sold in November in East Baton Rouge, Ascension, Livingston, West Baton Rouge, East Feliciana, West Feliciana, Iberville and Point Coupee parishes. That's 80 more home sales than were tallied in the region in November 2011, or an increase of about 16%. Daily Report has the full story here.

Planning ahead: Costco Wholesale Corp. has filed a concept plan with the East Baton Rouge Parish Planning Commission to build a 149,000-square-foot warehouse store at the site of the former Coca-Cola bottling plant on Airline Highway. The national warehouse club signed a purchase agreement in April for an undisclosed price to acquire the 28-acre site from Coca-Cola Bottling Company United Gulf Coast. Though the sale has not been finalized, the company is apparently moving forward with plans for its first location in the Baton Rouge market. Read the full story from Daily Report and see renderings of the new store here.

Take out: BD Kitchen Co., one of the city's few locally owned kitchen stores, is closing its Towne Center location at the end of the month, less than two years after opening. Owners Bill Bethea and Ronnie Daley attribute their decision to permanently shutter the store to a lack of marketing support from shopping center management and a lack of foot traffic, the latter being a common complaint of retailers located on the "back," or Jefferson Highway side, of the development. Click here to read the full story from Daily Report.

Read more from Business Report here: http://www.businessreport.com/real-estate-weekly/12182012/recap#ixzz2FhQ023EG

Monday, December 17, 2012

B.R. home sales up 16% in November

Strong November home sales in the eight-parish region tracked by the Greater Baton Rouge Association of Realtors have already placed year-to-date 2012 home sales ahead of total sales in 2011, with another month of sales still to report this year. GBRAR reports 566 homes were sold in November in East Baton Rouge, Ascension, Livingston, West Baton Rouge, East Feliciana, West Feliciana, Iberville and Point Coupee parishes. That's 80 more home sales than were tallied in the region in November 2011, or an increase of about 16%. The average sale price in November, at $206,249, was also considerably higher than that of the same month last year, when the average home sold for $173,096. Through November, 7,064 homes have been sold in the Capital Region this year, which is roughly 15% more than the 6,122 sold through the same 11-month period last year—and exceeds the 6,604 homes sold in all of 2011. The 11-month total this year is also already ahead of annual sales totals in 2010 (6,386) and 2009 (6,899). And unless December sales this year are far below the 482 recorded last December, 2012 should end up being a stronger year than 2008, when 7,284 homes were sold and the area began seeing impacts from the national recession. Total months inventory—or the number of months it would take to sell all homes on the market at the current sales pace—was also down sharply in November compared to last year. Although the months inventory rose to 7.3 in November from 6.5 in October, it is still well below the 10 months inventory recorded in November 2011.


Read more from Business Report here: http://businessreport.com/daily-report/12172012/Baton_Rouge_home_sales_up_16_percent_in_November#ixzz2FKaZsNNe

Saturday, December 15, 2012

5216 Lone Pine Lane, Baton Rouge, 225.234.0022

Immaculate 5 year old home situated in Jefferson Retreat conveniently located near I-12. This family home is move in ready and boasts many amenities. Open floor plan begins in the formal living area which could be used as a home office. Large family room features wood floors, gas log fireplace and opens into kitchen. Bright and airy eat-in kitchen includes slab granite countertops, stainless steel appliances, gas stove, breakfast bar, and tile backsplash. Private master suite has vaulted ceilings and a master bath with his and her vanities, garden tub, separate shower, and a walk-in closet. Good sized backyard with large covered patio perfect for barbeques and entertaining guests. Call Tim at 225.301.7467 to schedule a showing or visit buyorsellbatonrougehomes.com for more information!

 

Monday, December 10, 2012

SOLD, 58240 Elm St, Plaquemine, 225.234.0022

This is one of Plaquemine's best homes in the Garden District! Huge 4 bedroom with an office that could possibly be a 5th bedroom. Rooms include huge walk in closets. This home has been updated in and out with amenities that include new paint, wood floors, ceramic tile, and a beautiful new pond in the front yard. Also a workshop in the back perfect for a man's storage. This home is beaufitul and you'll have to see to believe. Home is move in ready and waiting for you! Visit buyorsellbatonrougehomes.com or follow the link for more information.

Tuesday, December 4, 2012

WITHDRAWN, 11031 Major Oak Dr, Baton Rouge, 225.234.0022

Beautiful one story home on an established landscaped lot. New carpet and wood flooring throughout. Stainless steel appliances, buit-ins, and large living area. For more information visit buyorsellbatonrougehomes.com!

11031 Major Oak Dr