Inventory, Foreclosure Rates in Acadiana and Lafayette Parish

Every now and then, I look at the foreclosure inventory in Acadiana and Lafayette. For the past couple of years, the percentage of homes on the market that are bank owned has been pretty stable in our area.

Bank owned properties on the market in Lafayette parish

The percentage of bank owned properties on the market in Lafayette parish has been 4% and 5% this year. In the past 6 months, foreclosures accounted for 8% of home sales in the parish. This means that 92% of home sales are regular sales between a buyer and a seller.

In Acadiana, foreclosure rates are not moving very much either. However, while the number of bank owned properties on the market is the same, the total inventory or homes for sale is slightly down since September and so our percentage of foreclosures is now 7% versus the 6% it had been earlier this year.

foreclosure inventory in Acadiana as of November 2012

In Acadiana, foreclosures represent about 14% of all home sales right now.

If you would like to receive listings of bank owned properties in Acadiana and Lafayette as they hit the market, please fill out the form below. And please, DO put a name and an email address so that I can actually send you the listings. They will not magically appear on your screen right after you hit “submit.”

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Inventory, Foreclosure Rates in Acadiana and Lafayette Parish

Every now and then, I look at the foreclosure inventory in Acadiana and Lafayette. For the past couple of years, the percentage of homes on the market that are bank owned has been pretty stable in our area.

Bank owned properties on the market in Lafayette parish

The percentage of bank owned properties on the market in Lafayette parish has been 4% and 5% this year. In the past 6 months, foreclosures accounted for 8% of home sales in the parish. This means that 92% of home sales are regular sales between a buyer and a seller.

In Acadiana, foreclosure rates are not moving very much either. However, while the number of bank owned properties on the market is the same, the total inventory or homes for sale is slightly down since September and so our percentage of foreclosures is now 7% versus the 6% it had been earlier this year.

foreclosure inventory in Acadiana as of November 2012

In Acadiana, foreclosures represent about 14% of all home sales right now.

If you would like to receive listings of bank owned properties in Acadiana and Lafayette as they hit the market, please fill out the form below. And please, DO put a name and an email address so that I can actually send you the listings. They will not magically appear on your screen right after you hit “submit.”

There are no comments yet. Be the first and leave a response!

Leave a Reply

Wanting to leave an <em>phasis on your comment?

Trackback URL http://www.lafayetterealestatenews.com/2012/11/04/foreclosure-rates-acadiana-lafayette-parish/trackback/