http://batonrougehousingreports.com/ – Confidence In Baton Rouge Real Estate Good News For Baton Rouge Housing in 2011.
This is a video of driving through Greater Baton Rouge on November 30, 2011 and seeing examples of confidence in the Baton Rouge Commercial and Residential Housing Markets. The point of the video is that smart money is cautious and when smart money is building new homes, building speculative homes, renovating their homes and adding on to their homes during a national recession, these are examples of confidence and reasons for optimism.
The strongest confidence viewed is primary in Zip Codes 70806, 70808, 70809 and 70810, generally GBRMLS Areas 61, 62, 52 and 53. These would be the more solid housing markets where home values are either maintaining stability and or possibly still going up.
In 70808 recently, there was a 96×175 lot sale for $248,500 Cash Sale or close to $15/sf. That’s Confidence. This is good news for Baton Rouge Housing As A Whole.
The overall Baton Rouge Housing Market does continue to correct lower in home prices, see the chart in the video, which is a chart used from the GBRAR MLS batonrougetrends dot com website, which is a public source.