Baton Rouge real estate agent Em Saunier acknowledges that the local real estate market started the year gangbusters, but she says the market has changed a lot since mid-May.

“Earlier this year, even ‘awesome’ homes that we just knew wouldn’t sell were getting top dollar,” Saunier said. “Houses were flying off the market – many were bought unseen.”

Quita Cutrer, also a real estate agent in Baton Rouge, says the high-end market hasn’t slowed as much.

“I think the reason is that there’s a lot of cash selling. Maybe it’s people trying to put their money into real estate because they don’t know what else to do with it. right now,” Cutrer said. “I’ve had a lot of cash sales this year.”

Curtrer said that in the past 30 days, she has worked with clients to contract two multimillion-dollar homes — one at $4.8 million and the other at $3 million.

However, for most buyers and sellers these days, Saunier says things are different.

“Buyers are canceling contracts left and right,” Saunier said. “Obviously rising interest rates are playing a part. People who wanted a $250,000 house can now only afford a $200,000 house – they lose that buying power.”

Beyond interest rates, Saunier isn’t sure what’s behind the market turnaround.

“But it’s a fact, Jack. We (the Baton Rouge Association of Realtors) were down 62% last month, year-over-year,” she said. “Normally June is a huge month for us in terms of sales, but it’s not as turbulent and wild and crazy as it has been.”

Lisa Bucher, a realtor in Lafayette, says the Acadiana market is still busy, but has also seen a downturn.

“For a while, there were no open houses on Sunday afternoons because everything sold out without that kind of effort,” Bucher said. “Now we see up to six or eight open days on a Sunday.”

Saunier suggests that Baton Rouge was in an artificially inflated market last year, and now the market is normalizing.

With over 40 years as a real estate agent, Cutrer attributes the fluctuations to market cycles.

“Real estate cycles. Every ten years we have a kind of cycle. After Katrina it took a few years and then the market stabilized,” Cutrer said. “You can never predict what the market is going to do.”

Another factor in the market was getting valuations fast enough to keep pace with sales.

“Appraisers were struggling to follow the market. If there was an inflated market, it was inflated for low interest rates and minimal supply,” Cutrer said.

Saunier and Bucher agree that regardless of location, high-end homes are a niche market.

“Our high-end homes are so different,” Saunier said. “We have old houses along Highland Road, then new money with houses with all the bells and whistles – including shower doors that freeze when you close them and turn clear when you open them. The houses seven figures usually take longer to sell.”

The details and photographs of the houses below have been provided by the listing agents.

11001 Highland Road, Baton Rouge 70810

This stunning mansion-like home is on the market for $14,000,000. It sits on a secluded property in the heart of town surrounded by holm oaks. Double loggias connect the two wings of the house – and don’t feel bad if you have to search for loggias (we did that too). Its master bedroom has a rotunda reading corner. Don’t forget the 4,800 square foot guest house (with a three-car garage), the 1,429 square foot cabin, three laundry rooms, a pond, a pool, and a 1,942 square foot garage. With 20% down payment, the estimated monthly payment is $77,208.

Key details

  • 5 beds
  • 6.5 baths
  • 25,372 square feet / $552 per square foot
  • 12.5 acres of land
  • 4 car garage
  • 923 days on market

The #1 most expensive home on the Baton Rouge real estate market sits at 11001 Highland Road with five bedrooms, four garages and a 12.5 acre landscaped setting. It is on sale for $14 million.

1100 Knollwood Drive, Baton Rouge 70808

Designed by Joe Emerson Architecture, this home is for sale at $6,995,000. The property’s landscape of mature myrtles and gently rolling hills reflects its nature-based interior designs, which include a Texas limestone fireplace and cypress ceilings. Exterior features like a screened porch and viewing balcony provide tranquil panoramic views of Bayou Duplantier and the backyard. The estimated monthly payment is $36,807.

Key details

Each week, we’ll highlight the best restaurants and events in metro Baton Rouge. Register today.

  • 4 beds
  • 5.5 baths
  • 8,670 square feet / $809 per square foot
  • 6.5 acre lot
  • 3 car garage
  • 173 days on market

Expensive House #2 in BR

The No. 2 most expensive home on the Baton Rouge real estate market sits on 6.5 acres at 1100 Knollwood Drive. It is on sale for $6.9 million.

10112 Wood Duck Drive, Baton Rouge 70817

This private estate is available for $4,900,000. It contains several luxurious rooms: a formal library with a European stone fireplace, an intimate temperature-controlled wine cellar and a massage room. What might be the icing on the cake for movie buffs is this property’s cinema room which features leather, reclining seats, a surround sound projector, and soundproof acoustic walls. The estimated monthly payment is $27,492.

Key details

  • 6 beds
  • 6.5 baths
  • 13,357 square feet / $367 per square foot
  • Land of 59.39 acres
  • HOA fees: $133 per month
  • 593 days on market

Expensive House #3 in Baton Rouge

The #3 most expensive house in Baton Rouge is located at 10112 Wood Duck Drive. It’s on sale for $4.9 million.

3170 Conway Drive, Baton Rouge 70809

For $4,800,000, this home oozes sophistication with its marble floors, white oak cabinetry, and grand art deco staircase — plus an oversized lanai, edged pool, and large covered patio with ” a vaulted triple ridge ceiling”, yes, you read that right (and again, we had to look for that one too). The estimated monthly payment is $24,531.

Main characteristics

  • 5 beds
  • 5.5 baths
  • 7,000 square feet / $686 per square foot
  • 0.45 acre lot
  • 3 car garage
  • 55 days on market

4979 Highland Road, Baton Rouge 70808

If you are looking for an opportunity to own a Baton Rouge landmark, this is your chance. This historic two-story home, available for $4,490,000, has been in the Duplantier family since the early 1800s. Minutes from LSU’s south gates, Centennial Oaks line the path to the stately home with six square columns standing “sentinel under three skylights on the roof”, as described in his listing. It’s a classic with plenty of history for good measure. The estimated monthly price is $22,794.

Main characteristics

  • 3 beds
  • 2.5 baths
  • 4,124 square feet / $1,089 per square lot
  • 6.18 acres of land
  • 2 car garage
  • 418 days on market

118 Kimball Drive, Lafayette 70508

For $4,900,000, this antebellum-style home, nestled on the Vermilion River, has 5,000 square feet of living space and 10,000 square feet under the roof with its wraparound balcony and covered porch. The living room is open to the kitchen with a bar/island accented by cypress cabinetry, a Wolf stove with four gas burners and two ovens, a Sub-Zero refrigerator and wine cooler, a farmhouse sink and, of course , an elevator. The estimated monthly payment is $25,373.

Main characteristics

  • 4 beds
  • 4.5 baths
  • 5,000 square feet / $980 per square foot
  • 3 car garage
  • 85 days on market

155 Shannon Road, Lafayette 70503

Located in the prestigious Greenbriar Estates, this property available for sale at $3,995,000. This place is ideal for the one who is interested in the architectural combination of comfortable and luxurious design. The home also features an array of outdoor entertaining features: a grilling station, a cabana pool house, and a guest house. The estimated monthly price is $22,887.

Main characteristics

  • 4 beds
  • 4.5+ baths
  • 9,457 square feet / $422 per square foot
  • 3 car garage
  • 232 days on market

1414 E Bayou Parkway, Lafayette 70508

Located on a bend in the Vermillion River and available for $2.8 million, this home, according to its listing, could be a bed and breakfast. It features historic details, including cypress wood paneled walls and rosewood floors, and a three-tier antique chandelier with 26 opaque tulip globes that once hung in the first public school built in Lafayette. The estimated monthly payment is $14,891.

Main characteristics

  • 4 beds
  • 3.5+ bathrooms
  • 6,273 square feet / $446 per square foot
  • 2.5 acre lot
  • 2 car garage
  • 52 days on market

About The Author

Related Posts