Foreclosure Levels Remain Stable in Lafayette Parish and Acadiana

By
Real Estate Agent with Keller Williams Realty Acadiana

The number of foreclosures on the market in Lafayette parish increased 1% since July when I last pulled the numbers. In Lafayette parish, 5% of the homes on the market are labeled as REOs or bank owned right now, up from 4% in May and July. In Acadiana as a whole, 6% of active listings are REOs, which is what it was in May and July.

Foreclosure levels remain low in Lafayette parish

Since the beginning of the year, 17% of home sales have been foreclosures. When priced right, foreclosures listings represent great opportunities for home ownership and/or investments. Affordability is at an all time high.

Our real estate market in Lafayette parish and Acadiana is very healthy as a whole. There are still 741 home sales pending in Acadiana and 508 in Lafayette parish.

If you would like to receive updated listings of foreclosure properties via email, please fill out the form below.

Originally Posted at: Lafayette Real Estate News

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Dr. Chantal Saucier

Realtor/Career Consultant - Keller Williams Realty
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