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Started By
Message
re: Condition of the real estate markets in Lafayette
Posted on 10/8/18 at 10:11 pm to Martin Blank
Posted on 10/8/18 at 10:11 pm to Martin Blank
quote:
Apologize for the ancient bump, but this is pretty much my exact question.
Just realized you bumped a 3 year old thread.
I feel like a jackass for answering his question now
1
Posted on 10/8/18 at 10:56 pm to stout
I probably should have just started a new one, but I thought it may be more interesting to see how things have changed Over time.
I’m mainly curious to see if I can buy slightly more house than would normally be the case for where I’m looking. Near as I can tell there are houses off W. Bayou that normally would go quick for $450,000+, but instead sit unsold for 8+ months at a time even once the price gets closer to $400,000
I’m mainly curious to see if I can buy slightly more house than would normally be the case for where I’m looking. Near as I can tell there are houses off W. Bayou that normally would go quick for $450,000+, but instead sit unsold for 8+ months at a time even once the price gets closer to $400,000
Posted on 10/9/18 at 7:48 am to Martin Blank
Took me a while to realize how old this thread was.
Posted on 10/9/18 at 10:22 am to ItzMe1972
quote:
ItzMe1972
Is your house still on the market?
Posted on 10/9/18 at 11:43 am to Martin Blank
quote:
I’m mainly curious to see if I can buy slightly more house than would normally be the case for where I’m looking. Near as I can tell there are houses off W. Bayou that normally would go quick for $450,000+, but instead sit unsold for 8+ months at a time even once the price gets closer to $400,000
I've been looking in the same area. You are buying the square footage in many of these home. A lot of them need updating. The old folks are dying or going to a home and the kids are selling the houses. Just a heads up. If you are a proficient DIY'er, there are some great homes to purchase.
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.
Posted on 10/9/18 at 2:42 pm to boosiebadazz
That’s great info.
If I may, was that more W. Bayou or E. Bayou? And how “move in ready” was it?
Coach Is right - a lot of what I’m seeing as I start is houses that were top quality in 1981, and haven’t been touched since. But they’re being listed at move in ready prices because they’re on Greenbriar.
If I may, was that more W. Bayou or E. Bayou? And how “move in ready” was it?
Coach Is right - a lot of what I’m seeing as I start is houses that were top quality in 1981, and haven’t been touched since. But they’re being listed at move in ready prices because they’re on Greenbriar.
Posted on 10/9/18 at 3:03 pm to Martin Blank
It was actually in River’s Bend back toward the river and it was renovated already and 100% move in ready. Built in 1984. 3500 square feet. We looked in the same areas you are and most needed some work. You can narrow it down in Zillow to how long they’ve been on the market to see which ones you may have leverage on. Our initial offer was $100k less than highest asking.
Posted on 10/10/18 at 10:32 am to boosiebadazz
was that a house off of alice in the back over there?
Posted on 10/10/18 at 8:35 pm to Happygilmore
Curious myself. If it’s where you think, it seems like that’s the area of LFT where there may be some bang for the buck.
Posted on 10/10/18 at 9:04 pm to boosiebadazz
How are homes in River Ranch doing in terms of market value? Specifically, those built around 2002 or so when it first opened.
Posted on 10/10/18 at 9:20 pm to theoldwiseone33
quote:
great time to buy.
With realtors its either a great time to buy or a great time to sell.
It's never a bad time to buy or a bad time to sell.
Posted on 10/11/18 at 8:39 am to Happygilmore
maybe, maybe not Posted on 10/11/18 at 9:11 am to Paul Allen
My mom got hers appraised for a HELOC a few years ago and it had appreciated greatly. Not sure in the buying and selling as we weren’t really looking there when we were looking to buy. No yards for the future chirren.
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