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re: Condition of the real estate markets in Lafayette
Posted on 12/8/15 at 5:39 pm to Janky
Posted on 12/8/15 at 5:39 pm to Janky
quote:
What price point do you think is being impacted the most?
No doubt it's the $300k+ market. 18 months of inventory on the market in some areas. Under $300k in Lafayette parish still has a slight shortage of houses so sellers are ok there.
For example Sabal palms in Youngsville has 25 houses for sale right now and only 3 under contract. I wouldnt buy in Youngsville or Broussard right now $300k+. Lafayette 70508 and 70503 is still going pretty strong
This post was edited on 12/8/15 at 5:43 pm
3
Posted on 12/8/15 at 7:13 pm to theoldwiseone33
I actually live in Broussard and want to sell my house which is probably about $230k or so and wanting to move into Lafayette in the $350 range. I hope to make this move in the next 6-8 months. I know where Sabal palms is and there is also Lexi falls. All of these are within 2 miles of my house.
Posted on 10/8/18 at 9:27 pm to theoldwiseone33
quote:
No doubt it's the $300k+ market. 18 months of inventory on the market in some areas. Under $300k in Lafayette parish still has a slight shortage of houses so sellers are ok there.
For example Sabal palms in Youngsville has 25 houses for sale right now and only 3 under contract. I wouldnt buy in Youngsville or Broussard right now $300k+. Lafayette 70508 and 70503 is still going pretty strong
Apologize for the ancient bump, but this is pretty much my exact question.
Just starting my research into a potential home buy in the W. Bayou/E. Bayou/Bendel area. Will definitely be in the $300k - $400k range. What’s the market there like with the oilfield inching toward a comeback?
Posted on 10/9/18 at 12:43 pm to theoldwiseone33
quote:
No doubt it's the $300k+ market. 18 months of inventory on the market in some areas. Under $300k in Lafayette parish still has a slight shortage of houses so sellers are ok there.
For example Sabal palms in Youngsville has 25 houses for sale right now and only 3 under contract. I wouldnt buy in Youngsville or Broussard right now $300k+. Lafayette 70508 and 70503 is still going pretty strong
In July, we bought in 70503 for $300+ and it had been on market for two years. Got it for $80K less than it’s highest list price.
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