Does Baton Rouge still have a housing shortage? If so, how is the city coping?

Asked by Carol, Charlotte, NC Fri Sep 14, 2007

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9
Helene Kurtz, , 70809
Tue Sep 25, 2007
In the months immediately following hurricane's Katrina and Rita the city experienced a housing shortgage. We had many newcomers and a limited supply of available homes. That trend continued, in varying degrees through 2006 and the early part of 2007. More recently our market has slowed down some. We've had a lot of new construction in Baton Rouge and surrounding communities in Livingston and Ascension parishes that has helped absorb the demand. Like other areas of the country we have also felt the impact of problems in the subprime lending market. Relative to other areas of the country, our market continues to be strong. And, like other communities, demand for housing is dependent on location, price, and condition of the property.
2 votes
LA Lending, , Baton Rouge, LA
Mon May 12, 2008
CONDOS! CONDOS! CONDOS!

Baton Rouge quickly responded to the need by developing some attractive new community condo environments.

Go check out:
PerkinsRowe.com
RedStickLofts.com

Although these are some pricier options, you can see the excitement about the Baton Rouge community.

If you are thinking about investing, now is definitely the time. The market is slowing, in the buyers favor -- and with rising apartment prices, more renters are seeking alternative living situations.

Please visit our website for additional information on mortgage options in Louisiana. We would love to help you with your upcoming purchase!
Web Reference:  http://www.lalending.net
1 vote
Ashley LaBor…, , Baton Rouge, LA
Tue Mar 19, 2013
First I'd like to say that sales are up this year! Check out this article: http://theadvocate.com/news/business/5447663-123/br-area-hom…

Our prices here have not dropped 25% nor do we have a strong buyers market or a big housing shortage!

Like anywhere, there are many different "markets" in the Baton Rouge area. There are some subdivisions and/or areas where prices have dropped, some more than others, and then there are some that have increased a good bit and everything in between. Every street, subdivision, area of town, is different!

Our inventory has recently dropped a little but it is still at what would be considered a high inventory. This means there are still a good number of options out there but not so many that you can call our market a strong buyer's market. However, again, every street/subdivison/area can be different. You may have an excess of listings with few buyers in one subdivision and 5 minutes away have no listings and 5 buyers waiting for one to come available!

To summarize, if you have questions about your neighborhood or one where you would like to buy a home please ask a Real Estate Agent for information about your specific "market". We are always glad to help!
0 votes
J Gallo, , 70816
Tue Mar 19, 2013
Baton Rouge is in the biggest buyer's market in at least two decades. There is certainly NO shortage of houses.
0 votes
Danielle Row…, Home Seller, 70810
Tue Aug 28, 2012
There are definately no housing shortages. However the price you want to pay can play a big part in what you find.
0 votes
David Engle, Agent, Baton Rouge, LA
Thu Feb 18, 2010
Baton Rouge real estate is doing great compared to the nation. Businesses are also doing well. There is new construction still being built, just not so much of it.
0 votes
Daniel, , Baton Rouge, LA
Sun Aug 3, 2008
housing shortgage no, buyer shortage yea!

To many junk condo or apartment condo conversions. I think there will sum 7000 new apartment rentals coming online soon...dont know where the population will come from since Louisiana continues to lose population

City Councils really should put a cap on new construction
0 votes
Daniel, , Baton Rouge, LA
Sat Jul 19, 2008
NO! Baton Rouge, Prairieville, Denham Springs, Have TOOOOOOOO many new constructions forcing down prices!

Katrina population did not stay, (as if anyone actually believed they would)

Real Estate prices have dropped about 25%. More new construction proposed that will conting to push down existing home sales
0 votes
ian cockburn, Agent, New Orleans, LA
Fri Sep 14, 2007
The city is coping rather well. There are many new developments, including some interesting condo developments around LSU among other places.

What are you looking for?
Web Reference:  http://www.iansellsnola.com
0 votes
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