RiShown below a photo of a flooded and now gutted home in Wexford Park in Vidor.
Its not common that the MLS adds a new category of homes. Thanks to Hurricane Harvey it has. We now have a category called "Flooded and Gutted".
There are 30 homes for sale in the category "flooded and gutted". The prices are all over the place. Right now there are no "pending sales" in the MLS of flooded and gutted homes. Right now the market is trying to figure how to price these homes. Once there are some sales then we will have a better idea how to price a flooded and gutted home. My best guess right now is that we will see these homes start to sell around $30/SF.