by Lane Duplechin | Real Estate Expert
Simply stated, a sale is a property that has sold. A comparable, commonly referred to as a “comp”, is a recent sale that a reasonable buyer would consider as a good substitute for the subject property. Not all sales can be considered comps! A house that sold down...
by Lane Duplechin | Home Values, Process, Real Estate Expert
Each appraisal is unique, but the overall general process tends to follow three general steps. Ultimately, the final opinion of value is what many people want to know, but the process to reach that final value is detailed and thorough. Here’s a brief overview of...
by Lane Duplechin | Home Values, Market Update, Real Estate Expert
April 12, 2021 Summary: Market continues to remain strong.Sale prices and sale volumes are continuing to increase.Days on the market are showing significant declines.2021 has started strong. As most of you probably already know, the Lafayette Parish residential real...
by Lane Duplechin | Home Values, Market Update, Real Estate Expert
The Lafayette market has been very strong over the past 12 months. Even with a global pandemic, the housing market is strong. I have attached a few charts and graphs for my most recent Lafayette market update. They will show how the market has been performing over the...
by Lane Duplechin | Property Values, Real Estate Expert
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...
by Lane Duplechin | Home Values
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...
