The Real Estate Book-Shreveport/Bossier City, LA

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SHREVEPORT-BOSSIER CITY MARKET UPDATE JANUARY 2018 NORTHWEST LOUISIANA SOLD 225 268 $175,900 83 $162,648 77 2017 2018 2017 2018 2017 2018 JANUARY HOME SALES JANUARY AVERAGE SALES PRICE JANUARY AVERAGE DAYS ON MARKET NORTHWEST LOUISIANA FOR SALE 684 $198,769 $180,250 392 2017 2018 2017 2018 PRICE # UNITS MARKET % Under $100k 609 25% $100-250k 1,109 46% $251-350k 318 13% $351-$500k 220 9% $550k + 146 6% JANUARY NEW LISTINGS JANUARY AVERAGE LIST PRICE CURRENT INVENTORY NORTHWEST LOUISIANA 2017 RECAP 4,605 4,842 $180,837 74 $175,899 69 2016 2017 2016 2017 2016 2017 TOTAL HOMES SOLD AVERAGE SALES PRICE AVERAGE DAYS ON MARKET Data Source: Northwest Louisiana Association of Realtors MLS, Inc
FROM THE FIELD - ASK THE EXPERT RANDI RICHARDSON So, what can you expect for 2018 in the Northwest Louisiana housing market? Well for one, we have started strong, setting a trend we have not seen in years with January homes sold under $500K closing more deals than in the last 10 years. This is great news considering the amount of inventory we currently have. If you are a buyer, you will have many choices of homes from which to choose. With that in mind, sellers need to focus on making sure their home is in top shape and priced right to compete with our market. Market experts are predicting the interest rates will rise in 2018, so if you are currently undecided, this is one of the best reasons to “get off the fence” and purchase a home soon. We currently have approximately 2,403 residential homes on the market. Compared to this time last year, we had approximately 2,700 homes on the market. This shows a strong decrease in inventory and that properties are selling. The same trend was repeated for 2016 to 2017. The average sales price for 2016 was $180,837 and 2017 was $175,899. The number of units sold in 2016 was 4,605 and 4,842 in 2017. Pair that information with the fact that the “Days On Market” overall decreased in 2017. This represents a steady market in the Shreveport-Bossier City area, and hopefully we will see this continue for 2018. about the expert: Randi has been bringing buyers and sellers together for over 7 years and believes that good communication is the cornerstone to any successful relationship. It is all about her client’s hopes and dreams. If you need further information or have questions, feel free to contact Mrs. Richardson at 318-207-6797. Randi Richardson works for Diamond Realty & Associates; Northwest Louisiana’s largest independent real estate company. She is licensed by the Louisiana Real Estate Commission. Diamond Realty & Associates, 315 East Texas Street, Bossier City, LA 71111. 318-746-0011.
Page 1 and 2: SHREVEPORT-BOSSIER CITY, LA Waterfr
Page 3 and 4: KEITHVILLE, LA: Rustic cedar with m
Page 5 and 6: REALTOR ® MULTIPLE LISTING SERVICE
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Page 13 and 14: ESTATE & AUCTION COMPANY David M. H
Page 15 and 16: ON THE COVER TEXT R680646 TO 52187
Page 18: YOUR Shreveport/Bossier City Real E
Page 21 and 22: 315 E. Texas St. Bossier City, LA 7
Page 23 and 24: 315 East Texas Stree Bossier City,
Page 25 and 26: TITLE INSURANCE ON NEW CONSTRUCTION
Page 27 and 28: Stonebridge LSUS Shreve Island TEXT
Page 29 and 30: at Southern Trace {{NAME}}, We’re
Page 31 and 32: Retirees Turning to Custom Homes to
Page 33 and 34: TEXT CODE: R689916 TEXT CODE: R6874
Page 37 and 38: Best Financial Investments for Your
Page 39: REALTOR ® MULTIPLE LISTING SERVICE
Page 43 and 44: 6. Add Curb Appeal The curb appeal
Page 45: FEATURED PROPERTIES $225,000 $199,9
Page 48 and 49: Brad Burris, Owner/Broker (888) 941
Page 50 and 51: SMARTER. BOLDER. FASTER. Elite TEXT
Page 52: BECAUSE FINDING THE RIGHT MORTGAGE

The Real Estate Book-Shreveport/Bossier City, LA

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