Lafayette Parish Market Update!
Takeaways: •The market is rebounding after the initial slow down •The number of new pending sales is similar to pre-pandemic numbers •New closed sales are still down, but this should change in the weeks to come •The median sales price is improving year over year •Year...Daily Trends in Lafayette Parish
Published 3/30/2020 New and pending listings are starting to declineThe number of canceled listings has increased slightlyThe number of closed sales is stable; however, this is expected since it typically takes 30-45 days for a property to close after it has gone...EXTERNAL INFLUENCES IN AN APPRAISAL
A positive external influence in Lafayette Parish is having a property with water frontage. Typically when homeowners talk about the characteristics that affect the value of their home, they are referring to the physical features of the home. Such features include...
LAFAYETTE PARISH MARKET ANALYSIS UPDATE
February 6, 2020: An updated look at the Lafayette Parish Market indicates the market is still stable; however, slight changes are being observed. Was January a busy month for you? Based on the number of properties sold, it most likely was for Realtors and...Lafayette Increases its Number of College-Educated People
Although Lafayette is losing some of its local college graduates to out of state employers, the city is also attracting college graduates from other metropolitan areas in the state. Check out the Acadiana Advocates article on this topic below:...
LAFAYETTE PARISH MARKET UPDATE
January 12, 2020 An updated look at the Lafayette Parish market indicates the market is still stable; however, slight changes are being observed. In November, I last took an in-depth look at the overall market trends for the Parish. The overall market at that...Lafayette Market Analysis
Here is my monthly Lafayette market analysis update for October 2019. The purpose of this article is to describe how the overall Lafayette Parish real estate market is performing. When I am working on an appraisal, I typically do a thorough market analysis for each...Living Area for Single-Family Homes
Determining the living area of a home can be somewhat challenging in real estate. Currently, there is not one nationally-recognized standard for measurement that every appraiser must follow. This can create challenges when measuring a home to list for sale, or when...Protected:
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