Home sales in Lafayette, LA are up 20% this year when we compare to last year for the same period. In Lafayette in 2009, 758 homes had sold by May 25th while this year, 911 homes sold during the same period.
If we look at all of Acadiana, home sales are up more than 16% this year with 1310 homes sold compared to 1124 last year during the same period.
One thing people ask these days is the percentage of foreclosures in those sales. Last year, bank owned properties accounted for 10% of home sales in Acadiana and 5% in Lafayette Parish. This year, in 2010, the percentage of bank owned properties sold remained the same for all of Acadiana at 10% and went up to almost 7% in Lafayette parish.
If you are thinking about buying or selling a home in Lafayette, LA or anywhere in Acadiana, or investing in real estate, contact me. I’d love to hear about your real estate dreams!