Baton Rouge Real Estate News
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The Scoop On Baton Rouge Housing by Bill Cobb With Accurate Valuations Group Home Appraisals www.accuratevg.com and Editor of Baton Rouge Housing Reports www.batonrougehousingreports.com . Sign Up For Email Updates Here: http://bit.ly/GRQqsm  .  DROP BILL A NOTE HERE: http://bit.ly/GSvAXd
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Photos: Images of flood recovery from three areas in the Greater Baton Rouge

Photos: Images of flood recovery from three areas in the Greater Baton Rouge | Baton Rouge Real Estate News | Scoop.it
Flood victims in the Central, Howell Park and Old Jefferson sub-divisions strive to re-cooperate after August 2016 flooding.
Baton Rouge Real Estate News's insight:

This is sad yet some progress is taking place as I see it when I'm driving these neighborhoods.  And, it wasn't until the last month when insurance companies FINALLY began paying out flood insurance claims (and I hope there's a major class action lawsuit against them for holding people's money due for over 7 months after the Great Flood...shame on them!). 

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Assessing elevation: Not many Baton Rouge homes required to be raised so far

Assessing elevation: Not many Baton Rouge homes required to be raised so far | Baton Rouge Real Estate News | Scoop.it
Panic followed the inspectors into the flooded neighborhoods.
Baton Rouge Real Estate News's insight:

Assessing elevation: Not many Baton Rouge homes required to be raised so far - The Advocate News

This is great news for some in Greater Baton Rouge! 

http://www.theadvocate.com/baton_rouge/news/article_aee36174-de85-11e6-b43b-378a831d9430.html

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Baton Rouge Great Flood Post Flood Renovated Home Sales Update Februa…

Baton Rouge Great Flood Post Flood Renovated Home Sales Update February 6 2017
Baton Rouge Real Estate News's insight:

Baton Rouge Great Flood Post Flood Renovated Home Sales Update February 6 2017

Baton Rouge Great Flood Renovated Home Sales Update February 6 2017, see slideshare below
 
I don't want to over sensationalize here as each day brings more information and apparently more momentum. I'm wondering if there could be a bidding war to some extent due to low inventory. In O'Neal Place 1 recent newly renovated listing sold for full price within 1.5 hours. Another renovated listing on Bonham is pending, listed at $178,000. In Linda Lee Subdivision in Watson, one renovation that had at least 4-5 feet of water sold in 2 days.
 
Not ALL flooded-renovated homes are selling this fast. Of the 54 sales so far, they've sold on average of 44 days and took 61 days to close. However, most of these sold in 2016 before the 2017 momentum kicking in. Some I've appraised finished and move in ready still have not closed...for some reason.
 
By March-April, I expect it to get very interesting...

 

 

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Did Baton Rouge 2016 Great Flood impact home sales prices? | Baton Rouge Real Estate Housing News

Did Baton Rouge 2016 Great Flood impact home sales prices? | Baton Rouge Real Estate Housing News | Baton Rouge Real Estate News | Scoop.it

Did Baton Rouge 2016 Great Flood impact home sales prices?

Read more http://www.batonrougehousingreports.com/2016/12/did-baton-rouge-2016-great-flood-impact-home-sales-prices/

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