ABiz -> Acadiana Business THU, MAR 11 10:55AM by Leslie Turk

VER: new home construction down 6%, resales up 2%

Lafayette Parish new home sales fell from 83 during the first two months of 2009 to 78 in 2010, a 6 percent drop. Resales in January and February, however, rose from 172 in 2009 to 175 this year, a 1.74 percent increase. In general, that means housing sales reported to the Realtor Association of Acadiana Multiple Listing Service for the first two months of this year are holding steady, according to Van Eaton & Romero Realtors’ Acadiana Residential Real Estate Report, released Wednesday. There were 253 home sales reported in the first two months of 2010 versus 255 for the same period in 2009.

The report also found:
·         Sales outside Lafayette Parish have not fared as well with 116 sales reported in the first two months of 2010 as compared to 128 in 2009. That’s a decline of 9.4 percent.
·         Home values in Lafayette Parish appear to be doing well with an average sale price of $196,533 for the first two months of 2010 as compared to $191,760 for the same period in 2009.
·         The most popular price range for buyers in Lafayette Parish remains between $150,000 – $299,999 with just under 58 percent of all sales falling in this range. In new construction more than 78 percent of the newly built homes sold in 2010 also fall into this price range.

Read the entire report here.

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