Ep. 21 - April 2025 Market Update: Lafourche Parish
05/12/25 • 34 min
Ep. 21 – April 2025 Market Update: Lafourche Parish
Summary
In this episode of the RE Real Estate Podcast, Clint C. Galliano and Ben Harang provide a comprehensive market update for Lafourche Parish, focusing on the real estate trends observed in April. They discuss the current market conditions, including inventory levels, pricing strategies, and the impact of environmental events on property values. The hosts emphasize the importance of pricing properties correctly to ensure sales and highlight the overall health of the real estate market in the region. They also touch on the challenges faced by homeowners in South Lafourche due to rising insurance costs.
Takeaways
· The Lafourche Parish real estate market is currently balanced but trending towards a buyer's market.
· Properties priced correctly are selling, with a sold-to-list price ratio of 98.8%.
· The median sold price in April was $231,130, reflecting a 12.75% increase month over month.
· Understanding the difference between median and average prices is crucial for accurate market analysis.
· New listings in April decreased by 16.4%, indicating a potential slowdown in new inventory.
· Pending listings saw a significant drop of 23.3% from March, suggesting a slowdown in market activity.
· The average days on market for sold properties was 59 days, indicating a quick turnover for well-priced homes.
· Insurance costs are impacting the market, particularly in South Lafourche, making it challenging for buyers.
· The overall health of the Lafourche Parish real estate market remains strong despite fluctuations.
· Future market updates will be provided regularly to keep listeners informed.
Sound Bites
"The market is surprisingly well."
"Median sold price is $231,130."
"Price it right, the house sells."
Chapters
00:00 Introduction to Lafourche Parish Market Update
02:02 Market Trends and Analysis
08:17 Understanding Median vs. Average Prices
13:07 New Listings and Market Dynamics
18:39 Pending Listings and Market Activity
24:42 Sales Performance and Market Health
30:52 Conclusion and Future Updates
33:45 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
Lafourche Parish, real estate market, market update, pricing strategy, inventory levels, buyer's market, seller's market, property values, housing trends, real estate podcast
Click here to view the episode transcript.
Click here to watch a video of this episode.
Ep. 21 – April 2025 Market Update: Lafourche Parish
Summary
In this episode of the RE Real Estate Podcast, Clint C. Galliano and Ben Harang provide a comprehensive market update for Lafourche Parish, focusing on the real estate trends observed in April. They discuss the current market conditions, including inventory levels, pricing strategies, and the impact of environmental events on property values. The hosts emphasize the importance of pricing properties correctly to ensure sales and highlight the overall health of the real estate market in the region. They also touch on the challenges faced by homeowners in South Lafourche due to rising insurance costs.
Takeaways
· The Lafourche Parish real estate market is currently balanced but trending towards a buyer's market.
· Properties priced correctly are selling, with a sold-to-list price ratio of 98.8%.
· The median sold price in April was $231,130, reflecting a 12.75% increase month over month.
· Understanding the difference between median and average prices is crucial for accurate market analysis.
· New listings in April decreased by 16.4%, indicating a potential slowdown in new inventory.
· Pending listings saw a significant drop of 23.3% from March, suggesting a slowdown in market activity.
· The average days on market for sold properties was 59 days, indicating a quick turnover for well-priced homes.
· Insurance costs are impacting the market, particularly in South Lafourche, making it challenging for buyers.
· The overall health of the Lafourche Parish real estate market remains strong despite fluctuations.
· Future market updates will be provided regularly to keep listeners informed.
Sound Bites
"The market is surprisingly well."
"Median sold price is $231,130."
"Price it right, the house sells."
Chapters
00:00 Introduction to Lafourche Parish Market Update
02:02 Market Trends and Analysis
08:17 Understanding Median vs. Average Prices
13:07 New Listings and Market Dynamics
18:39 Pending Listings and Market Activity
24:42 Sales Performance and Market Health
30:52 Conclusion and Future Updates
33:45 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
Lafourche Parish, real estate market, market update, pricing strategy, inventory levels, buyer's market, seller's market, property values, housing trends, real estate podcast
Click here to view the episode transcript.
Click here to watch a video of this episode.
Previous Episode
Ep. 20 - Sellers: Receiving Offers, Pt. Deaux
Ep. 20 – Sellers: Receiving Offers
Summary
In this conversation, Ben Harang and Clint C. Galliano discuss the intricacies of receiving and evaluating property offers. They cover essential aspects such as understanding the offer, evaluating the seller's net proceeds, navigating title issues, and the importance of inclusions and exclusions in sales. The discussion also delves into contingencies, financing conditions, and the timing of appraisals, providing valuable insights for both buyers and sellers in the real estate market.
Takeaways
· Review the offer and note contingencies and timelines.
· Understand the importance of the seller's net proceeds.
· Title issues can complicate transactions significantly.
· Movable items can be included or excluded in sales.
· Contingencies can affect the closing process.
· Appraisals should be ordered promptly to avoid delays.
· Realistic cost assessments lead to smoother closings.
· Backup offers can lead to complications if not managed well.
· Pay attention to additional terms in the purchase agreement.
· Communication is key in navigating real estate transactions.
Sound Bites
"It's not always the driving factor."
"We try to make it as easy as we can."
"All right Clint, have a good one."
Chapters
00:00 Teaser
00:19 Introduction
00:33 Welcome
01:48 Understanding Property Offers
04:13 Evaluating Offer Components
06:26 Title Issues and Their Impact
10:49 Proactive Title Management
12:57 Navigating Title Complications
13:59 Movable Items and Seller Considerations
15:49 Contingencies and Loan Types
18:31 Appraisal Timing and Its Importance
21:16 Seller Net Sheet and Closing Costs
23:38 Counteroffers and Negotiation Strategies
26:07 Additional Terms and Conditions
29:26 Final Thoughts on Offers
33:23 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
real estate, property offers, seller's net proceeds, title issues, purchase agreement, contingencies, appraisal, financing conditions
Click here to view the episode transcript.
Click here to watch a video of this episode.
Next Episode
Ep. 22 – April 2025 Market Update: Terrebonne Parish
Ep. 22 – April 2025 Market Update: Terrebonne Parish
Summary
In this episode, Clint C. Galliano and Ben Harang provide a comprehensive update on the real estate market in Terrebonne Parish. They discuss current market trends, inventory levels, property values, and the dynamics of new and pending listings. The conversation highlights the differences between median and average property values, the health of the market, and the implications for buyers and sellers. Overall, the hosts emphasize that despite challenges, it remains a favorable time for real estate transactions in the area.
Takeaways
· Terrebonne Parish is currently in a buyer's market with 8.33 months of inventory.
· Median days for properties to sell in Terrebonne is 92 days, longer than Lafourche.
· The median sold price in Terrebonne is $195,000, showing a 5.4% increase from March.
· New listings in April totaled 127, indicating a larger market size compared to Lafourche.
· The total volume sold in April was $18,084,410, up 70.5% month over month.
· Median list price for new listings was $215,000, reflecting a slight increase.
· Pending listings show a healthy market with 91 properties under contract in April.
· The market is experiencing a seasonal rise in listings as summer approaches.
· Understanding the difference between median and average values is crucial for accurate market analysis.
· Overall, the hosts agree that it's a good time to buy and sell in Terrebonne.
Sound Bites
"Median days in RPR is 92."
"New listings in April: 127."
"Now's the time to buy."
Chapters
00:00 Introduction to Terrebonne Parish Real Estate Market
01:32 Current Market Trends and Inventory Analysis
04:12 Understanding Property Values and Sales Dynamics
07:06 New Listings and Market Activity
10:15 Pending Listings and Market Health
14:29 Sales Performance and Closing Trends
17:17 Conclusion and Market Outlook
19:37 Disclaimer
Hosts
Ben Harang, REALTOR® La.
License #: 36589
Keller Williams Realty Bayou Partners
Mobile: 985.859.2500
Office: 985.262.4400
benharang.com
Clint C. Galliano, REALTOR®
La. License #: 995704723
Keller Williams Realty Bayou Partners
Mobile: 985.647.4479
Office: 985.262.4400
clintcgallianorealtor.com
Produced by Clint Galliano
Music by Wiggins Studios
Keywords
Terrebonne Parish, real estate market, property values, inventory analysis, market trends, home sales, buyer's market, pending listings, market health, real estate podcast
Click here to view the episode transcript.
Click here to watch a video of this episode.
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