Our Market is Looking Pretty Great

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We have been seeing some great signs in the Lafayette real estate market lately. Today we are going to run through the statistics for July and give you an update on those.

July's market statistics look really good. We have seen a 7.5% increase in units, a 13.5% increase in dollar volume, and a huge increase in new construction.

Another thing that's on the rise is our average sale price. It has gone up 5.5% and now sits at $268,500. Overall, our listing inventory is up 5% and new construction is down a little bit.

Right now, we are looking at a 4.5 month supply of inventory on homes listed under a million. The most activity in our market, however, is seen in the $150,000- $300,000 price range, where there is about 3-4 months of inventory.

Interest rates are still doing fantastic. A 30-year fixed rate can be had for 4% and 15-year fixed loans are even lower at about 3.375%.

Overall, the market looks really strong and there is a lot of movement. If you have any questions for us, we would love for you to give us a call or send us an email. We would be happy to help out!

How Do Fantastic Lafayette Market Conditions Affect You?

Selling your Lafayette home? Click here for a free Home Value Report

Buying a home? Search all Homes for Sale

Today, I share a full Lafayette market update for the first half of 2015. 

We've already had a little over 1,600 sales since January, which is up from the mid 1,500's in the same time frame last year. In total number of units sold, sales are up about 4% - while in dollar volume, sales are up 11%! This is likely due to a jump in average sales price, which went from $217,000 last year to $231,000 this year.

Despite all of these fantastic market trends, interest rates remain near record lows! The best way to get an idea of where our market is going to head moving forward is to look at pending sales. Currently, we had 340 homes that went under contract in Lafayette Parish in comparison to only 301 at this time last year. This is a difference of about 11%, and year-to-date we're a little over 4%. 

What does all of this mean for you? Well, it doesn't look like our market is going to slow down anytime soon. Inventory levels are healthy, and the market is active, making now a wonderful time to consider making your move.

If you have any questions about our market, don't hesitate to reach out to us. We're always here to help with your real estate needs. 

How to Handle Multiple Offer Situations When Selling Your Lafayette Home

Selling your Lafayette home? Click here for a free Home Value Report

Buying a home? Search all Homes for Sale

With the spring real estate season in full gear, there is no better time to discuss how to handle multiple offers when selling! 

From a seller's perspective, it really doesn't get much better than having multiple buyers making offers on your home. The first thing you need to do is take a look at the particular terms of each offer. Ask yourself the following questions when looking over offers:

• How much money is getting put down?
• What kind of deposit are they putting down? 
• Are they pre-approved?
• Is their financial institution credible in our market? 
• Are they considering a conventional loan or a government loan?
• What concessions are they willing to make? 

After answering these questions, you should be able to pick the best offer! We are experts at making your home attractive to the widest range of buyers and generating multiple offer situations for our listings. If you would like us to do the same for you, give us a call or shoot us a quick email. We would love to help you sell quickly and for top dollar! 

Where's the Lafayette Market Heading?

Selling your Lafayette home? Click here for a free Home Value Report

Buying a home? Search all Homes for Sale

Hello, and welcome back! Today, we're going to give you a quick update on where the Lafayette market is heading! 

The sales for Lafayette Parish are up 7% compared to where they were at this time in 2014. Since 2012, we've seen a 33% increase in home sales in our area! The average number of days on the market is hovering around 87, down from 93 at this time last year, and dollar volume is up 10.8%. In fact, since 2012, we've seen a jump in dollar volume of 58%! Additionally, the average sales price is up 3.5%, and the median sales price has risen to $195,000 from $187,000 last year. 

What do all these numbers mean for you? 

They mean that our market has not only recovered, it has caught fire! Pending sales contracts are up 20%, as we have 399 homes currently under contract, compared to only 333 this time last year. With a healthy five months of inventory, it's looking like our market will continue going strong through the summer.  

If you have any questions about market conditions in your particular area, or if you have real estate needs of any kind, give us a call or shoot us a quick email. We would love to help you take advantage of these stellar conditions! 

Why Now Is the Ideal Time to Make Your Move in Lafayette

Selling your Lafayette home? Click here for a free Home Value Report

Buying a home? Search all Homes for Sale

The numbers for February are in! Today, we take a look at what they mean for the health of the Lafayette market and what it means for you! 

Sales are about dead-even from where they were last year - we had 222 in February of 2014 and 228 in 2015, for a total increase of 2.7%. The most surprising trend is the appreciation we've seen, as the dollar volume has increased by 9% over this time last year. This is likely because more homes have sold in the $300,000 and above price range. 

We're really not seeing any signs that the market is going to slow down. We've seen a 6.5% increase in pending sales and a 17% increase in resale homes. On the other hand, new construction listings are down 22%, so you'll probably see fewer options out there if that's what you're looking to do.

Rates are still incredibly low, hovering around 4%. This is great news, as we were expecting rates to jump to around 5% by this time. If you have any questions about these ideal market conditions, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We look forward to hearing from you soon! 

Where's the Lafayette Market Heading?

There are many great Lafayette area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (337) 267-4099 for a FREE home buying or selling consultation to answer any of your real estate questions.
Hello, and welcome back to the blog! Today, we want to give you a quick Lafayette real estate market update.

Last year was a banner year for Lafayette Parish! We managed to top the record-setting year we had in 2013, and we are looking forward to another successful year in Louisiana real estate!

• We saw around a 4% increase in units sold over 2013 - in December alone, we saw an increase of over 14% in both home sales and dollar volume! Our wonderful end-of-year sales helped boost our dollar volume to an increase of 8% over 2013!

• The average sales price rose steadily as well - we saw an increase of 4.5%, from $211,000 in 2013 to $221,000 last year. The total number of pending sales, which is an indicator of what the coming months will bring, is up 8% year-over-year. 
• Market activity has remained strong through the winter months, which is a great sign for a time of year when sales typically slow down. 
• Overall, Lafayette has a very strong market, with about a four month supply of inventory and a lot of great homes to choose from in new construction. 

If you have any questions about conditions in your specific area, or would like help making your move, don't hesitate to give us a call or shoot us an email. We would love to be your go-to Lafayette real estate resource! 

Let us send a letter for you from Santa this Christmas!

There are many great Lafayette area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (337) 267-4099 for a FREE home buying or selling consultation to answer any of your real estate questions.

Let us send a letter for you from Santa this Christmas!

Dear Friends,

In the spirit of the holiday season I will be sending personalized letters from Santa Claus to any child, regardless of age, location, or relationship to you. If you know of any children who would enjoy receiving a letter from Santa before Christmas, please write their names and addresses on the letter template and return it to me by November 15th by using one of the following:

Mail to: Robbie Breaux & Team

Van Eaton & Romero

2000 Kaliste Saloom Rd. Ste 101

Lafayette, LA 70508

Email to: Amber@RobbieBreaux.com

All letters will be written on special stationary and postmarked from Santa’s Workshop (The North Pole).  If your child has not received their letter by December 15th please call (337) 267-4099 so we make sure to get one out to them.

Happy Holidays from your Friends and Realtors,

Lafayette is a seller's market - List your home to get top dollar and a short waiting time

Today I wanted to answer one of the most popular topics and that is the state of the current market. Before I get started, I wanted to let you know about a free service that is available to everyone. For buyers, we offer a free home search that has every available home on the market for viewing at www.searchhomesinlafayette.com. If you’re a seller, we provide a free home valuation tool at www.mylafayettelahomevalue.com.

For the state of the market, we are currently in a seller’s market with a 3.9 month’s supply of inventory. The market sweet spot appears to be in the $150,000-299,000 range where 60% of home sales have been. That price range is experiencing a 3.5 month supply of homes with properties selling very quickly. If you’re a buyer and are looking at a home, there are multiple people looking at the same property so keep that in mind when you’re out looking. We are also advising sellers to be competitive with other properties on the market. This means you won’t be able to get away with an exorbitant increase in price as you have experienced a few years back.

In other news, Lafayette has been ranked best mid-size city and best city in the South by Area Development. You can view this article here. Congratulations Lafayette! If you or anyone else you know is interest in buying a home, please give us a call or send us an email. Thanks and have a great day!