Lafayette Real Estate Market Report: March 2014

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The numbers are in for the first quarter of 2014. Home sales and pending home sales are on the rise in Lafayette and Acadiana, as is usually the case in the spring.

Lafayette and Acadiana home sales first quarter 2014

Home sales pending in Lafayette and Acadiana

Meanwhile, our inventory of homes available is still having a hard time keeping up with the demand. This seems to have been the story these past few months as our market shifted into a seller’s market.

Homes for sale in Lafayette and Acadiana

If you have been thinking about selling your home, now is a great time to do so. If you are in the market to buy a home or an investment property, be prepared to have some competition as we are seeing multiple offer situations, especially in the city of Lafayette.

Whether you are in the market to buy or sell a home, or invest in real estate, contact us today. You’ll be glad you did!

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Parade of Homes Edition 2014

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This year’s Parade of Homes in Lafayette and Acadiana is right around the corner. Mark your calendars: April 5, 6, 12 & 13, 2014.

I love the Parade of Homes as it is a wonderful opportunity to view the trends in new home constructions: architectures, floor plans, the colors, the materials, the features, and everything else that makes it fun to look at new homes!

Parade of Homes in Lafayette, LA

215 Quiet Oaks in Copper Meadows (Youngsville, LA) will be in the 2014 edition of the Parade of Homes.

This year’s edition of the Parade of Homes features 33 new homes located in 21 subdivisions across Acadiana. A total of  27 state-licensed AHBA builder members are involved. If you are thinking about building a new home, this is the perfect opportunity to view what they do and perhaps even meet a few of them.

Tickets cost $7 and are currently on sale at Doug Ashy on Johnston St. and on Verot School Rd and at the Acadian Home Builders Association on N. Domingue Rd in Lafayette. During parade hours, tickets will be available at Village Café on Degaulle Square in River Ranch.

Below is the list of the subdivisions that will have homes in this year’s Parade. Specific addresses, maps, and photos are only available  in the Official Parade of Homes Guidebook that you receive with your ticket purchase.

Note that the links below take you to available homes in each of the subdivisions featured in this year’s Parade. Not all homes in the Parade are/will be listed in the MLS.  These links are updated nightly in sink with the Acadiana Multiple Listing Service and always up to date.

Acacia Oaks
Anastasia Acres
Audubon Plantation
Brookshire Gardens
Charleston Village
Crystal Cove
Ella Trace
Island Oaks Plantation
La Cheniere
Olde Towne at Millcreek
River Ranch
Tolson Oaks
Walker’s Village


Oak Cove

Copper Meadows
Meadow Bend
Oak Shadows

Cypress Meadows
Mon Jardin
Village at Broussard

For more information, contact me today or visit the official Parade of Homes page of the Acadian Home Builder Association.

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This Month in Real Estate: March 2014

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Every month, Keller Williams Realty produces a video to keep us informed about the national trends and numbers in real estate. This month, Jay Papasan (US video) talks about the shift in the market and what it means for buyers while John Furber (Canada) gives buyers and investors tips on finding a great deal.

Our market is most definitely shifting in the Lafayette area. In the city of Lafayette (areas G1, G2. & G3), our MLS shows 4.03 months of inventory as the average for the past 12 months, which clearly denotes that we are in a seller’s market. In Lafayette parish as a whole, the average is 4.55 months.

If you are thinking about selling your home, now is a great time to do so! And if you are in the market to buy, you better be ready!

And for Canada

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Lafayette Real Estate Market Report: February 2014

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The story this month is our low inventory in Lafayette and Acadiana, which has been in decline since last July. It seems that inventory is not keeping up with the demand as our pending sales start to rise this spring. If you’ve been thinking about selling your home, now is a good time to list as there is less competition on the market.

Homes for Sale in Lafayette and Acadiana

Meanwhile, pending home sales are on the rise as is typical this time of year.

Home sales pending in Lafayette and Acadiana

And while 2013 was an exceptional year for real estate in Lafayette and Acadiana, 2014 also looks very promising. Home sales in Lafayette and Acadiana are higher so far this year than they were last year for the same period.

Real estate market report Lafayete & Acadiana

If you are thinking about buying, selling, or investing in real estate, contact me today for a free, no obligation consultation. If you’ve been thinking about a career in real estate, now is a great time to start. Visit my career page for more information about our next career seminar in Lafayette or this link elsewhere in North America and around the world.

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