Has The Housing Market Changed In Ascension Parish Since The Great Flood?

The very short answer is yes and no!  From a volume of sales, we are only speaking of the difference of 12 homes if we look at the same time period of January 1, to March 4th.  In 2016, 258 residential homes sold. This year from January 1st, 2017 to March 4th, 2017, 246 homes sold. The difference is so small enough it would not indicate any change in the market.  Our market can’t be determined by numbers alone. The market is still being driven by all the intangibles offered by Ascension Parish; schools, location, and lifestyle.

So what’s the activity currently? The market is great, but it seems to be leaning towards a seller’s market because inventory is very low and demand is higher due to the lack of homes available due to the Great Flood of 2016.graph-163712_640

(the picture above is not an actual housing number graph)

The energy is high but very optimistic.  Most of the others I’ve spoken to about our market say that they don’t feel like housing prices will spike up like they did after Hurricane Katrina. Most lenders, investors, appraisers feel that kind of spike won’t happen. The majority od people affected are wanting to stay in their current home instead of getting out of town to find a new place to live. While this makes a potentially stronger market for sellers, it doesn’t mean they are getting $10,000 over asking price cash like had happened before. Buyers are much savvier,  and they would rather wait for the correct price home to come along.  While multiple offers are happening,  I haven’t seen or heard of any buyer willing to pay thousands of dollars cash for a home that isn’t worth it. This is good news because it makes for a more healthy market.

We have been blessed here in Ascension Parish that our market, even in the housing crash, never fell out completely with loads of foreclosed homes. We have a lot to offer here other than a nice neighborhood, as we are sandwiched between two major cities making it convenient for people working in either; our home prices are not outrageous and we, of course, have amazing schools.

*** To see Ascension Parish top rated schools visit this link https://youtu.be/-OsYQG4v9ME ***

This is an exciting time in our housing market.  If you are thinking of selling and are trying to time the market to make the most money this might be the best time to get your house on the market. With summer right around the corner and school about to let out, I predict that this will be the busiest our Ascension Housing market has seen in many years, but again, I don’t think you are going to be getting a HUGE increase in price from last year, but your home will sell faster at the price that is fair for your neighborhood.  If you’d like to discuss with me about the value of your home today please feel free to comment below or you can fill out the contact form and I’ll reach out to you within a few hours

( Link to contact me https://yourrealestatewhisperer.com/personally-contact-me/).

“Because YOU Matter”

Your Real Estate Whisperer

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