by Lane Duplechin | Uncategorized
🚨 The sales to list ratio for Acadiana is trending lower and currently stands around 92%. This indicates homes in the area are selling for around 8% less than their original list price. This shift the market means that buyers have more bargaining power and greater...
by Lane Duplechin | Market Update, Property Values, Real Estate Expert
Check out our snapshots of residential sales data across the Acadiana parishes for the month of January. Overall, sales volumes fell in comparison in last month. Average and median sales prices are trending lower again this month. The sales to list ratio is widening...
by Lane Duplechin | Property Values, Real Estate Expert
In some areas, data collectors are hired by appraisal management companies (AMCs) to complete the home/site visit. These data collectors are not certified appraisers. Background checks and adherence to strict professional and ethical standards are required for...
by Lane Duplechin | For Sale by Owner, Property Values, Real Estate Expert
An appraisal may be just what you need to get that property sold QUICK while still maximizing your PROFIT! Overpricing (and underpricing) can be risky! The Acadiana real estate market has seen massive changes over the past few months. Appraisers study the market...
by Lane Duplechin | Market Update, Real Estate Expert
Take a look at this snapshot for residential sales in Lafayette parish. The sales data is presented by price groups and shows a comparison of 2021 vs 2022 (year to date). ➡️ The $150-250k range is still the largest category but decreased in 2022. ➡️ Cumulative days on...
by Lane Duplechin | Property Values, Real Estate Expert, Uncategorized
Parish and city property tax statements for 2022 were recently sent out. A nice little present for homeowners as we enter this holiday season! Ba-humbug! 😂 Property taxes are calculated by the local assessor’s office. There are several factors that go into...
by Lane Duplechin | Uncategorized
Volume During October, there were 431 residential sales in the Lafayette MSA (referred to as “Acadiana” here). The number of sales were down 10% as compared to September and down 18% as compared to October last year. Sales volume is continuing its downward decline...
by Lane Duplechin | Property Values, Real Estate Expert
Appraisers make adjustments to comparables to account for differences between properties. Adjustments reflect the incremental value buyers are willing to pay for specific features. Adjustments are MARKET SPECIFIC!!! There is NOT a one-size fits all dollar value for...
by Lane Duplechin | Uncategorized
The Louisiana Bankers Association (LBA) is hosting an Appraisal Compliance Seminar in Baton Rouge today. Lane had the honor to serve as a panelist for the residential appraisal discussion. . Appraisers from around the state discussed topics including: State of the...
by Lane Duplechin | Property Values, Real Estate Expert
Our focus is always on providing a great experience for our clients and business partners. As silly as it sounds, we strive to be the Chick-fil-A of the appraisal business. This means we’re going to make efforts to meet and exceed your expectations. We’re...
