In January 2005, when former LSU football coach Nick Saban put his home on the market for $3.25 million, there were 15 homes in metro Baton Rouge with an asking price of more than $1 million. At the time, local Realtors said it wasn't that long ago that a million asking price was rare for the market.
Now, fast-forward to July 2007. There are 67 houses currently in the Greater Baton Rouge Association of Realtors' Multiple Listing Service with asking prices of more than $1 million. That doesn't include the upscale homes that are for sale outside of MLS channels. Naturally, upscale neighborhoods such as the Country Club of Louisiana and Bocage Lakes are represented with properties. But there are houses in Zachary, Prairieville and Springfield where the asking price is more than a million.
The top dog is an estate in the Country Club of Louisiana that has an asking price of just under $4 million. That will get you a 6,300-square-foot West Indies-style estate with a great view of the golf course. The rise in local home prices, even in the face of a market that is slowing down a little bit, might end up being the biggest mark Hurricane Katrina leaves on Baton Rouge.—Timothy Boone
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