Saurage Rotenberg Commercial Real Estate
09.18.17Livingston Parish real estate market bounces back a year after floods, LSU researcher finds

Article submitted by Brian Nicolich, Sales and Leasing Agent for Saurage Rotenberg Commercial Real Estate

Written by Caroline Grueskin | September 7, 2017

SATSUMA — A year after floodwaters invaded about 20,000 homes and businesses in Livingston Parish, the real estate market is bouncing back.

Brian Andrews, commercial real estate consultant and assistant director of the Real Estate Research Institute at LSU, said the market in the parish has shown itself to be "surprisingly resilient."

The average price of a newly built home in the parish increased from about $191,000 to $195,000 from June 30, 2016 to July 1, 2017, according to data from the Louisiana Multiple Listing Service.

The average price of an older house dipped from about $171,000 to $163,000 during that time period, the result of "flooded and gutted" homes that were sold to investors for cheap, he said.

But realtors said the older homes renovated to modern tastes are already beginning to fetch higher prices than before the August floods, when parish homes had reached record high prices.  

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Brian Nicolich joined Saurage Rotenberg Commercial Real Estate in May 2017.  He is a lifelong resident of Baton Rouge.  Brian attended both St. Michael the Archangel High School and Louisiana State University (LSU).  He started his career in Luxury Car Sales, working at Brian Harris Porche Audi for eight years.  Brian will be pursuing his Certified Commercial Investment Member (CCIM) designation through the Commercial Investment Real Estate Institute.

Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).

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H.N. “Hank” Saurage IV, CCIM / Saurage Rotenberg Commercial Real Estate, LLC / Licensed in Louisiana and Mississippi