Here's a quick list of properties listed "as is" typically means they flooded.
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.”
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
When it’s one of those weekend days when the Lafayette weather has
"Working with eXp Realty was a pleasure. When we started, we had no idea what we wanted, but our buyer agent helps us figure out the pros and cons of all our options. Our agent went the extra mile willing to put in the extra effort to answer our questions, to make sure we were happy with our decisions, and educated about the market and local area."