Temperatures have barely started to warm up in Acadiana but our real estate market has been on fire. Home sales in March were higher than sales last July in Acadiana, which was our best month for 2012. In Lafayette parish, March sales were almost as high as July 2012. If this is any indication of what our summer and the rest of the year will be like, it appears that we will be setting real estate records in Lafayette and Acadiana.
Pending home sales keep climbing. I have never seen them this high and pending sales are higher now than they were last June before we set a record month for July.
The demand for homes in Acadiana have put the builders back to work. In Acadiana, 95 of the 396 homes sold were new construction. In Lafayette parish, 84 of the 262 sales were of new homes.
Meanwhile, inventory is not catching up to the high demand and it remains low.
There are still plenty of buyers looking out there if you have been thinking about selling. True, if you wait, your home will be worth a bit more however, if interest rates rise, there will also be less buyers on the market.
If you want to discuss the sale of your home, call or email me today. I’m here to help!
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I love this time of year in Louisiana when nature comes back to life, days get warmer, and we get to view some of the most beautiful homes by our local builders. The weather is somewhat grey today, however, it is supposed to be perfect this weekend when the 2013 edition of the Parade of Homes begins in Lafayette (April 6, 7, 13, 14, from 1 to 6pm).
218 Croft Row in Stonehaven on the River, Lafayette – Burke Homes
The 2013 Parade of Homes will allow you to tour 30 new homes in 18 subdivisions in Lafayette, Youngsville, and Broussard. This year, 24 members of the Acadian Home Builders Association are featuring their work.
You do need a ticket to enter the homes and they are available now for $7 each at both the Johnston St. and Verot School Rd locations of Doug Ashy Building Materials and at the Acadian Home Builder Association on N. Domingue Rd in Lafayette. During the Parade, you will also be able to buy tickets in the Copper Meadows and Village at Broussard subdivisions. Children under 2 are admitted free and all ticket outlets accept cash or check only.
This is the list of this year’s featured subdivisions with link to available homes in each of them. Please note that the homes in the Parade are not necessarily listed yet, some are already sold, and the others will be put on the market during or shortly after the Parade. (A few of the subdivision currently do not have any active listings.)
Lafayette
Acacia Bluff
Boulder Creek
Élan
Island Oaks Plantation
La Bon Vie
La Cheniere
Stonehaven on the River
Tolson Oaks
Broussard
Jordan Estates
Le Triomphe
Mon Jardin
Village at Broussard
Youngsville
Cypress Crossing
Copper Meadows
Fortune Hills
Saddleback Trail
Sugar Mill Pond
Sugarland Estates
I wanted to let everyone know that we have reduced the price of this great commercial property located at 204 Church Street in Youngsville, 70592. The space was recently used as a spa but it would also make great offices for attorneys, chiropractors, or something similar. I still think that it would also make a great flea market with plenty of space for vendors’ booth or it could be a salon and spa again.
The price is now only $200,000! What an opportunity!
The building features 2300 square feet with reception area, a large common area in the middle, 3 separate rooms, a small kitchen, a public half bath, a full bath towards the back ,and a laundry area.
Contact me today to view this property or visit this link for more information about 204 Church St in Youngsville.
It looks like our winter was quite short in terms of real estate seasons. Home sales usually slow down in the fall to pick back up in the spring. This year, winter started late (December) and it looks like spring began in February.
Home sales in Acadiana saw their lowest point since last summer in January while the lowest for Lafayette parish was in December.
We had a great year in 2012 in the Lafayette area and Acadiana. This year may be even better if the numbers hold up. Looking at sales in January and February of this year and comparing with the same period last year, is revealing.
We are off to a great start for 2013. If you are on the sidelines about buying or selling, what are you waiting for? Contact me today to start your search or to receive a market analysis for your home.
