Shreveport is the third-largest city in the state of Louisiana and the 122nd-largest city in the United States. It is the seat of Caddo Parish and extends along the Red River (most notably at Wright Island, the Charles and Marie Hamel Memorial Park, and Bagley Island) into neighboring Bossier Parish. Bossier City is separated from Shreveport by the Red River. The population of Shreveport was 199,311 in 2010, and the Shreveport-Bossier City Metropolitan Area population exceeds 441,000. The Shreveport-Bossier City Metropolitan Statistical Area ranks 111th in the United States, according to the United States Census Bureau.
Shreveport was founded in 1836 by the Shreve Town Company, a corporation established to develop a town at the juncture of the newly navigable Red River and the Texas Trail, an overland route into the newly independent Republic of Texas and, prior to that time, into Mexico.
Shreveport is the commercial and cultural center of the Ark-La-Tex region, where Arkansas, Louisiana, and Texas meet.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Shreveport-Bossier City, Louisiana. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Shreveport, Bossier City, Louisiana, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Louisiana, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Louisiana.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
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As of the 2010 census the population of Shreveport was 199,311. The racial and ethnic composition of the population was 54.70% Black or African American, 41.16% White, 1.0% Native American, 2.0% Asian, 1.2% from some other race and 1.5% from two or more races. 6.5% of the population was Hispanic or Latino of any race.
There were 91,501 households, out of which 30.1% had children under the age of 18 living with them, 38.3% were married couples living together, 21.5% had a female householder with no husband present, and 35.9% were non-families. 30.8% of all households were made up of individuals, and 10.9% had someone living alone who was 65 years of age or older. The average household size was 2.48 and the average family size was 3.12. Population ages ranked as follows: 26.9% under the age of 18, 10.7% from 18 to 24, 27.4% from 25 to 44, 21.1% from 45 to 64, and 13.9% who were 65 years of age or older. The median age was 34 years. The city ranks third in the nation of cities over 100,000 population with significant gender disparity: for every 100 females there were only 87.4 males, and for every 100 females age 18 and over, there were just 82.1 males.
The median income for a household in the city was $30,526, 72.4% of the national median of $42,148, and the median income for a family was $37,126. Males had a median income of $31,278 versus $21,659 for females. The per capita income for the city was $17,759. About 18.7% of families and 22.8% of the population were below the poverty line, including 33.3% of those under age 18 and 16.3% of those age 65 or over.
Shreveport was once a major player in United States oil business, and at one time could boast Standard Oil of Louisiana as a locally based company. The Louisiana branch was later absorbed by Standard Oil of New Jersey. Beginning in 1930, the nation's busiest pipeline operator and massive integrated oil company, United Gas Corporation, was headquartered in Shreveport, until its hostile takeover by Pennzoil in 1968, and the subsequent forced merger. In the 1980s, the oil and gas industry suffered a large economic downturn, and many companies cut back jobs or went out of business, including a large retail shopping mall, South Park Mall, which closed in the late 1990s and is now Summer Grove Baptist Church. Shreveport suffered severely from this recession, and many residents left the area.
Shreveport has largely transitioned to a service economy. In particular, the area has seen a rapid growth in the gaming industry, hosting various riverboat gambling casinos, and, before Hurricane Katrina in 2005, was second only to New Orleans in Louisiana tourism. Nearby Bossier City is home to one of the three horse racetracks in the state, Harrah's Louisiana Downs. Casinos in Shreveport-Bossier include Sam's Town Casino, Eldorado Casino, Horseshoe Casino, Boomtown Casino, Diamond Jacks Casino (formerly Isle of Capri) and Margaritaville Resort Casino. The Shreveport-Bossier Convention and Tourist Bureau is the official tourism information agency for the region. The bureau maintains a comprehensive database of restaurants, accommodations, attractions, and events.
In May 2005, the Louisiana Boardwalk, a 550,000-square-foot (51,000 m2) shopping and entertainment complex, opened across the Red River in Bossier City, featuring outlet shopping, several restaurants, a 14‑screen movie theater, a bowling complex, and a Bass Pro Shops.
A new 350,000-square-foot (33,000 m2) convention center was recently completed in downtown Shreveport. It includes an 800-space parking garage. An adjoining Hilton Hotel opened in June 2007. The city's direct construction and ownership of the Hilton Hotel has been a controversial issue as to the proper use of public funds. The Shreveport Convention Center is managed by SMG.
Shreveport is a major medical center of the region and state. The Louisiana State University Health Sciences Center Shreveport operates at expanded facilities once used by the former Confederate Memorial Medical Center. Major hospitals include Christus Schumpert, Willis Knighton, and the Shriners Hospital for Children.
As of November 2008, excitement has centered around the Haynesville Shale, with many new jobs in the natural gas industry expected to be created over the next few years. Residents in the region are enjoying large bonuses for signing mineral rights leases up to $25,000 per acre. However, the recent economic downturn has resulted in a lower market price for natural gas and slower-than-expected drilling activity. The city itself stands to profit by leasing the mineral rights on public lands in the near future as neighboring municipalities have already done.
Shreveport was home to Shreveport Operations, a General Motors plant that closed in August 2012. The plant produced the Chevrolet Colorado, GMC Canyon, Hummer H3 series, and the Isuzu i‑Series. In January 2013, the plant was leased from Caddo Parish by Elio Motors.
In 2014, the city government pumped $16.5 million into Mall St. Vincent, but the long-term fate of the business is in doubt. An outdoor fountain included in the remodeling project, is crumbling and without water, and plants surrounding the structure have died. In 2017, Gymboree and Grimaldi's Pizzeria closed their Mall St. Vincent operations; Sears is reportedly in jeopardy too. Online shopping and changing consumer habits pose a serious threat to shopping malls; as many as one in four could close within the next five years.