Market Conditions for Shreveport, Louisiana Reported by Bobbie Brasher, REALTOR, CRS, GRI, Assoc. Broker Updated October 25, 2011.

Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

The statistics in this Residential Real Estate Sales Report are compiled by Brad Gosslee, Coldwell Banker J. Wesley Dowlings and Asoc, using MLS, Inc as his data source on 10/14/2011: This column is written by Bobbie Brasher of Coldwell Banker J Wesley Dowling, Shreveport/Bossier City, LA.
318 861-2461.

Quoting Brad, "September 2011 was a better month for home sales compared to September 2010. There were 309 homes sold this September versus 300 same month last year. Prices were up a little too, as the Av. Price per SF was $92.07 in September 2011 versus $91.01 in Sept, 2010.

Year to date home sales are still lagging behind 2010. The market is down 7% in unit sales compared to this time last year. This is 219 less homes sold than last year."

Year to date also compared to 2010, the usual top selling price range in units, $100,000 - $199,000, dropped 14%, with $200,000 - $300,000 dropping just 2%, $300,000 - $399,999 down 11%, but the $400,000 - 499,999 range is down a whopping 27%. Over $500,000, the sales rose 15%. Prices per square foot varied just 1% to -2%.

Mortgage rates are still historically low, so now is still a very good time to buy.

If you are thinking of selling, now is the time to contact your Realtor. Of course the keys to success are getting the pricing right and choosing your Broker wisely.

Bobbie Brasher, Assoc. Broker, CRS, GRI,
Coldwell Banker, J Wesley Dowling and Assoc.
Licensed in Shreveport, LA, USA
8805 Line Ave.
Shreveport, LA 71106
Phone 318 861-2461
Mobile 318 453-0603
FAX 318 861-6252

ZIP Code: 71101-71127

Approximate Location Boundaries: Shreveport/Bossier/Barksdale

Location Characteristics: The Shreveport/Bossier Ciy area has a combined population about 350,000 with open country and farming communities just outside the city limits. Our moderate climate appeals to sporting enthusiasts, gardeners and visitors alike. The educational, cultural, movie industry, music industry and sporting opportunities, plus the outstanding health care and medical research facilities make this a great place for families, retirees or singles.
Crossed by I-20 and I-49, the area is easy to reach and is also within hours of major urban centers such as Dallas, Houston and New Orleans.
The presence of Barksdale Air Force Base in Bossier creates a major impact on our economy (and makes us very proud, as well). Movie producing has become another big player in our economy. The initial activity was driven by our favorable Louisiana Tax Break and is reinforced by our excellent facilities, professional assistance and our Southern hospitality.
The health care system in Shreveport/Bossier is the most extensive in the state. The LSU Health Sciences Center is a medcal school/research center/health care facility with some of the best care, equipment and facilities in a broad radius - including the adjacent states. Its administration also oversees the state hospital system. The BioMed Research Center is drawing some of the prime researchers and companies to Shreveport, as they work in tandem with the Med Center. In addition, Shreveport/Bossier boasts some of the best private health care systems anywhere.
Another facility contributing to the robost economy is the deep water port in south Shreveport.
The area's educational offerings include.Centenary College (a small, but excellent liberal arts school), LSU Shreveport, LA Tech at Barksdale, the Northwestern University School of Nursing, Southern University Shreveport, and Bossier Parish Community College.
Gaming on the Red River (which separates Shreveport and Bossier) attracts tourists and continues to drive riverfront development such as Riverwalk and the Red River District for shopping and entertainment.
Please see "Area Market Trends" for other information

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