For the high-end segment of the Baton Rouge residential market, 2019 was a good year, according to local real estate agents who specialize in the area’s priciest properties.
The two most expensive homes on this year’s top 10 list sold for well over $3 million, which would have been unheard of just a few years ago.
Perhaps more significantly, No. 2 on the list—a nearly 7,700-square-foot home in the Country Club of Louisiana—fetched a whopping $445 per square foot.
“The market is really good right now,” says Gloria Carter of Amelia Fine Properties. “I had one of my best years ever.”
But while sales price data and anecdotal assessments like Carter’s suggest the high-end segment of the market is as strong as ever, there are currently more than 90 homes for sale with price tags of $1 million or more. That’s a three-year supply of inventory, which also is unheard of in this market.
Read Business Report’s latest cover story about the top 10 home sales of 2019, and how the priciest side of the Baton Rouge residential real estate market is fairing. Also, see what $14 million can get you in Baton Rouge.
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