Flooded Homes For Sale On Craigslist

Flooded Homes For Sale On Craigslist

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


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.”

Julie and John 3XPgroup Headshot
Phone: 337-552-7240
Dated: November 2nd 2016
Views: 559
About Julie and John: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

NEW HOME WARRANTY ACT - Purpose The legislature finds a
Why Get A Real Estate Professional Involved Early - Searching for a new home? Here are
The Sellers Road Map - Meet with a Real Estate
Worst 9 Lafayette Home Improvement Notions - When it’s one of those weekend

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Louisiana
2000 Lake Street
Lake Charles, LA