Remember when it was a big deal if a Baton Rouge home was on the market for $1 million or more? Those days are long gone. Consider that so far in 2013, more than three-dozen homes are listed for $1 million or more. That's not including the 12 mansions and one luxury penthouse on the block with price tags of at least $2 million. Then there's Paula Pennington de la Bretonne's 29,500-square-foot estate, which sits on 12 acres at 11001 Highland Road. It has an eye-popping asking price of $18 million, which, at more than $608 per square foot, is a record for this market. But top-dollar agents caution against reading too much into the number of expensive homes on the market. Rather, they suggest that some sellers still have unrealistic expectations about what their homes will fetch. "A lot of people are not realistic about what their homes are worth," says Quita Cutrer of Burns & Co., who handled several of 2012's top transactions. "They're hanging on to what they think they should get for them." If 2012 was not a banner year for high-end home sales in Baton Rouge, it was the best local realtors have seen in a while. Take a look at the most expensive home sales of 2012 in Baton Rouge, as compiled by Business Report, here.
Read more from Business Report here: http://www.businessreport.com/real-estate-weekly/2052013/High-end_home_sales_increasing_in_Baton_Rouge#ixzz2K2ePM3Lu
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