Real estate sales

It's pretty flat year over year. Summer time is always going to be busier.

Good question. Most people say if you didn’t flood in 2016, especially in Ascension and Livingston, your home value increased. Not sure about percentages or specifics though.

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Most people say if you didn’t flood in 2016, especially in Ascension and Livingston, your home value increased. Not sure about percentages or specifics though

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It depends on house to house and neighborhood to neighborhood. Some places saw 15 year old homes get a few feet of water while up the street got nothing. The homes that flooded and renovated are getting more more than the homes that didn't because of the updates especially if they're not in a flood zone.

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What about existing homes 10-20 years old, in non flood zones that didn’t flood? I would imagine they saw a large increase too.

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It really does depend on the home and neighborhood. If they're around renovated homes of the same age, then possibly not. If its a track-home neighborhood, then even less likely. The market in general is steady so they'll be worth more than before the flood but not really a large increase.

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historic floods of 2016

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What's most interesting is how/why many places flooded. According to flood maps, water should have begun rising from the southeast of my home. But because most of the rain was to the northwest, the creek that flows by our neighborhood rose initially in such a way that brought water directly from the north thanks in part to the blocking of flow under bridges. Had the rain been to the southeast of us, an entirely different section of the homes would flood and I would likely have gotten half the water I did or possibly none at all.

Meaning that in some cases the likelihood of a home not in a flood zone flooding isn't necessarily less than a home that did flood. More simply: There were homes in our neighborhood in AE that did not flood, while I was in X and did flood. Had the rain fallen elsewhere, it would have been reversed.

There are two things at play here: 1) So many in LP flooded that the choices of those that didn't is really low. 2) Most people seem to be completely satisfied with a good renovation with the understanding that 3' of rain in 72 hours is rare and that it would flood almost any location on earth.

I'll say this. New construction after the flood and built up is expensive af.