The market for high-end homes in Baton Rouge was strong in 2018, according to both anecdotal and statistical information.
As Business Report details in its new cover package, the number of homes sold for $1 million or more was essentially unchanged from 2017—38 compared to 39 the year before—but in a sign of increased activity the average number of days $1 million-plus homes spent on the market fell to 91, from 148.
As in the past, many of the most expensive homes were in the Country Club of Louisiana, Bocage/Jefferson Place and along Highland Road. However, a growing number of buyers and sellers declining to record the actual sale price of the property in publicly-available conveyance documents, creating headaches for appraisers and real estate agents alike.
Still, there were several unusual aspects to the high-end segment of the residential real estate market last year that made 2018 one for the books. Also in this year’s package, see five home transactions that unsuccessfully attempted to slip below our radar as well as Baton Rouge’s top commercial deals of the year. Read the full story. Send comments to email@example.com