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
Yes, it is a real car up in the tree. This car has been there for as long as I can remember (15+years). My husband says that there used to be another car in that tree when he was a child. Why they keep putting cars in the tree, I'm not sure. To make people talk, perhaps?

I was tempted to say "only in Louisiana" but I'm sure there are other cars in trees somewhere. If you want to see the car in the tree for yourself, it is on Hwy 82, just north of Abbeville.
Originally Posted at: Lafayette Real Estate News
If you are looking for property in Vermilion parish to build a nice home, you need to consider Bayou Marron Subdivision just south of Abbeville and about 5 minutes from downtown. Located off of S. Henry, Bayou Marron is a small oasis filled with mature trees along Coulee Kinney and just a few feet away from the Vermilion River.
One of the lots I just listed (above) has water frontage and is .65 acre. It is available for $30,000. The lot next to it is also available. It is .81 acre and listed for $14,000. These two lots are on Rue de Bayou, near the cul-de-sac.

I also listed 3 lots on Avenue des Chenes, the other street in Bayou Marron. These lots are about 1/2 acre each and are available for $18,000. If you are a builder, the seller is willing to negotiate a great deal on all five lots.
The minimum square footage in the subdivision is 2000, and 2880 for a two-story home. There are currently two beautiful homes in the subdivision.
Click here for more information about these lots in Bayou Marron Subdivision or contact me.
Originally Posted at: Lafayette Real Estate News
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