An inside look at the residential real estate market in Southeast Texas including: the hottest neighborhoods, proven home selling strategies, home buying and negotiating tactics, median prices by neighborhood, average days homes are on the market, and professional advice on how to get the best deal when buying or selling a home.

"As Is" Value of Flooded Homes in Southeast Texas
Establishing the Value of Flooded and Gutted Homes Post Hurricane Harvey

Thanks to Hurricane Harvey. Flooded and Gutted Homes added to Southeast Texas MLS.

 

RiShown below a photo of a flooded and now gutted home in Wexford Park in Vidor. 

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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".

Flooded and gutted chart

 

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.  

 

 

 

 

 

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