About Lafayette Parish, LA

Pending home sales in Lafayette parish and in Acadiana are on the rise since the beginning of the year. As of February 4th, there were 525 homes under contract in Acadiana and 355 home sale pending in Lafayette Parish. A month ago, we had 420 sale pending in Acadiana and 262 in Lafayette Parish.

As we can see, pending home sales in Lafayette parish are reaching highs that we hadn't seen since April of 2011. This is great news for the housing market in our area. For seller, it also means that home buyers are out there shopping, right now! Contact me if you have been contemplating putting your home on the market. I am working with several buyers right now and one may be looking for your home!

Originally Posted at: Lafayette Real Estate News

While less home were sold in January compared to December in Lafayette Parish, we've had the best January of the past three years.

The average price in Lafayette parish of home sold was $165,812 (or $97/sqft) with an average days on market of 102 days.

Inventory went up slightly in January but is still low when compared to what it was last year.

Home sales pending are also on the rise again after dipping in December. I will have this report for you tomorrow. Until then, if you have any question about the real estate market in Lafayette parish and Acadiana, don't hesitate to ask me.

Originally Posted at: Lafayette Real Estate News

Almost all the sellers I meet these days want to know if they should wait until the spring to list their home. I tell them all the same thing: our inventory is low right now therefore there is less competition, and we have 473 homes pending in the area, including 305 in Lafayette parish alone. Your home could be one of those. Not to mention that buyers are out looking; I've shown properties to 4 different buyers this past week.

We usually think of the spring as the season for real estate, much like we think of the spring as the season for baby animals. On our farm however, babies are born whenever they're ready and that is usually not in the spring. Two nights ago was one one of the coldest night we've had so far this year and that's when this baby calf decided it was time. Same is true for buyers. When they find the right home, they don't care what season we're in.

It is true that more real estate is bought/sold in the spring and summer but buyers buy year round, much like baby animals are born year round. If you're ready to sell, there's really no time like now to put your home on the market!

Originally Posted at: Lafayette Real Estate News

Southern Living is taking your votes right now and until January 31st for the South's Tastiest Town Award. As I write this, Lafayette is leading by roughly 5,000 votes.

There is no doubt in my mind that we live in food heaven here in Lafayette and Acadiana. As a friend of mine commented, "You can get better food (plate lunches, boudin, meat pies...) at gas stations in the Lafayette area than most restaurants in most US cities....really. Enough said."

Vote early and vote often! Every one can vote daily on this one.

Visit Southern Living tastiest town award page to cast your vote.

Originally Posted at: Lafayette Real Estate News

December was a great month for home sales in Acadiana and in Lafayette parish. In the parish, more homes sold in December than in November or October. This may be a sign of great things to come for this beginning of 2012.

If we look at home sales in Lafayette parish for 2011 when compared to 2010, we see the same trend up towards the end of the year. There were fewer home sales in Lafayette parish in 2011 (2134 vs 2265 in 2010), however, the average sale's price was up from $192,794 to $199,849.

In Acadiana as a whole, there were 16 more home sales in 2011 than in 2010 (3357 vs 3341) and the average price was very slightly up: $168,673 in 2010 to $168, 877 in 2011. Home sales in volume were up by about $3,5 Million in 2011.

Inventory is down to begin 2012. This is a good time for sellers to list as there is less competition out there and plenty of buyers looking. The black column shows inventory in Acadiana while the white is inventory in Lafayette parish.

There are currently 432 home sales pending in Acadiana and 273 in Lafayette parish.

Originally Posted at: Lafayette Real Estate News