Flooded Homes For Sale On Craigslist

Flooded Homes For Sale On Craigslist

Experts predict 'crazy' housing market, population shifts in after flood


http://lafayette.craigslist.org/reb/5857887631.html


Here's a quick list of properties listed "as is" typically means they flooded. 

http://www.flexmls.com/share/dPAA/Selected


Last week’s devastating south Louisiana floods, which have forced tens of thousands of people overnight to look for housing, comes at a time when the metro Baton Rouge housing market was already grappling with a limited inventory of homes.

As of July, there were 3,382 homes on the market in the metro areas, according to figures compiled by the Greater Baton Rouge Association of Realtors’ Multiple Listing Service. That’s 15 percent lower than the number of homes for sale in July 2015. The supply of homes for sale is 3.9 months, based on current sales activity. Six months is considered an adequate inventory.

“Inventory is already low,” said Ginger Maulden, president-elect of the GBRAR. “Now you’re going to have all these people trying to find a house.”

In the immediate aftermath of the flooding, Maulden said she expects the inventory will drop even further. Some people who had listed their property may end up taking it off the market and letting displaced family or friends live there. Some homes that were listed may have been damaged by floodwaters and can’t be sold at the current time.

“We already had a situation in our market when people were getting multiple offers for their houses,” said Maulden, with Coldwell Banker One in Prairieville. “It’s going to be crazy.”


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Dated: November 2nd 2016
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