Local Home Prices Up
By: Heidi York
Updated: August 14, 2009
The National Association of Realtor’s released numbers this week showing Shreveport-Bossier is beating the odds. While much of the nation struggles in a weak housing market, homes in this area are still selling. The local market peaked in 2006, but homes are actually selling for more now, then they did back then.
"We were about $132,000 for the average home price back in 2006; last year we were approximately $140,000. This year, year-to-date, we’re $146,000. So we’re up four percent from where we were last year,” said Brad Gosslee, Co-Owner of Coldwell Banker, J. Wesley Dowling & Associates.
Chad Bigelow and his family are moving to Nebraska. Their South Highlands home sold for a profit in just ten days.
“It’s definitely a nice feeling knowing we were able to sell it. We were able to delay putting it on the market to get some minor fixes done because we knew we’d be able to sell it quickly,” said Bigelow.
Despite national real estate trends, homes tend to sell quickly in this area. The Bigelow’s sold faster than average.
“We’re at about 70 days average on the market right now. That’s up from 50 days a few years ago. So it does take longer to sell your home, but 70 days is a very healthy market as far as getting your home sold,” added Gosslee.
He predicts home prices in the area will keep climbing.
“I actually think Global Strike Command will probably push home prices up,” he said.
Even with General Motors pulling out of Shreveport, Gosslee says Air Force jobs coming in should keep the local real estate market strong for years to come.
"We were about $132,000 for the average home price back in 2006; last year we were approximately $140,000. This year, year-to-date, we’re $146,000. So we’re up four percent from where we were last year,” said Brad Gosslee, Co-Owner of Coldwell Banker, J. Wesley Dowling & Associates.
Chad Bigelow and his family are moving to Nebraska. Their South Highlands home sold for a profit in just ten days.
“It’s definitely a nice feeling knowing we were able to sell it. We were able to delay putting it on the market to get some minor fixes done because we knew we’d be able to sell it quickly,” said Bigelow.
Despite national real estate trends, homes tend to sell quickly in this area. The Bigelow’s sold faster than average.
“We’re at about 70 days average on the market right now. That’s up from 50 days a few years ago. So it does take longer to sell your home, but 70 days is a very healthy market as far as getting your home sold,” added Gosslee.
He predicts home prices in the area will keep climbing.
“I actually think Global Strike Command will probably push home prices up,” he said.
Even with General Motors pulling out of Shreveport, Gosslee says Air Force jobs coming in should keep the local real estate market strong for years to come.
