June Market Report

TABLE OF CONTENTS
Charts and Commentary ……………………………………………….. Pages 1-2
Market Summary Table ……………………………………………….. Page 3
Glossary ………………………………………………………………... Page 4
3127 28 29 30
20 21 22 23
13 14 15 16
10 11 12
201417 18 19
24 25 26
6 7 8 9
1 2
Th F Sa Wednesday, July 9
3 4 5
Su M Tu W
SINGLE FAMILY LAFAYETTESINGLE FAMILY LAFAYETTESINGLE FAMILY LAFAYETTESINGLE FAMILY LAFAYETTE
REAL ESTATE MARKET REPORT
Robbie Breaux & Team
Van Eaton & Romero
2000 Kaliste Saloom Road, Ste 101
Lafayette, Louisiana 70508
www.RobbieBreaux.com
info@robbiebreaux.com
(337) 267-4099
broknoz
breauxknows
breauxknows
Real Market Reports
www.RealMarketReports.com

at the real estate market. Currently
there are 530 sales pending in the
market overall, leaving 1032 listings
still for sale. The resulting pending
ratio is 33.9% (530 divided by 1,562).
So you might be asking yourself, that's
great... but what exactly does it mean?
I'm glad you asked!
The pending ratio indicates the supply
& demand of the market. Specifically,
a high ratio means that listings are in
demand and quickly going to contract.
Alternatively, a low ratio means there
are not enough qualified buyers for the
existing supply.
"Current inventory is described
as mildly active."
Taking a closer look, we notice that
the $150K - $200K price range has a
relatively large number of contracts
pending sale.
We also notice that the $150K - $200K
price range has a relatively large
inventory of properties for sale at 291
listings. The median list price (or
asking price) for all properties in this
market is $215,000.
A total of 2720 contracts have closed
in the last 6 months with a median sold
price of $190,950. Breaking it down,
we notice that the $150K - $200K price
range contains the highest number of
sold listings.
Alternatively, a total of 845 listings
have failed to sell in that same period
of time. Listings may fail to sell for
many reasons such as being priced
too high, having been inadequately
marketed, the property was in poor
condition, or perhaps the owner had
second thoughts about selling at this
particular time. The $150K - $200K
price range has the highest number of
off-market listings at 192 properties.
0
50
100
150
200
250
300
350
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
$550K
$600K
$650K
$700K
Properties For Sale
Contracts Pending
0
100
200
300
400
500
600
700
800
900
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
$550K
$600K
$650K
$700K
Sold
Off-Market
Single Family Lafayette
Number of Listings For Sale vs. Pending Contract
Num Sold vs. Off-Market (Last 6 mos.)
Let's take a look
1Real Market Reports
Updated 7/9/2014, RealMarketReports.com
Copyright © Robbie Breaux & Team
Wednesday, July 9, 2014
Market Dashboard
Van Eaton & Romero
(337) 267-4099

Looking at the chart to the right, you
might be wondering why average days
on market (DOM) is important. This is
a useful measurement because it can
help us to determine whether we are
in a buyer's market (indicated by high
DOM), or a seller's market (indicated
by low DOM). Active listings
(properties for sale) have been on the
market for a median time of 83 days.
Analysis of sold properties for the last
six months reveals a median sold
price of $190,950 and 48 days on
market. Notice that properties in the
$100K - $150K price range have sold
quickest over the last six months.
The recent history of sales can be
seen in the two charts below. The
median sold price for the last 30 days
was $197,847 with a DOM of 40 days.
Since the recent DOM is less than the
median DOM for the last 6 months, it
is a positive indicator for demand. It is
always important to realize that real
estate markets can fluctuate due to
many factors, including shifting interest
rates, the economy, or seasonal
changes.
Ratios are simple ways to express the
difference between two values such as
list price and sold price. In our case,
we typically use the list-to-sale ratio to
determine the percentage of the final
list price that the buyer ultimately paid.
It is a very common method to help
buyers decide how much to offer on a
property.
"The median list-to-sales ratio
for this area is 97.9%."
Analysis of the absorption rate
indicates an inventory of 2.3 months
based on the last 6 months of sales.
This estimate is often used to
determine how long it would take to
sell off the current inventory of
properties if all conditions remained
the same. It is significant to mention
that this estimate does not take into
consideration any additional properties
that will come onto the market in the
future.
0
20
40
60
80
100
120
140
160
$0K
$50K
$100K
$150K
$200K
$250K
$300K
$350K
$400K
$450K
$500K
$550K
$600K
$650K
$700K
Sold
For Sale
$182K
$184K
$186K
$188K
$190K
$192K
$194K
$196K
$198K
$200K
Feb Mar Apr May Jun Jul
0
10
20
30
40
50
60
70
80
90
Feb Mar Apr May Jun Jul
Median Days on Market (DOM)
Median Days on Market (Sold)
Median Sold Prices
Market Dashboard
Van Eaton & Romero
(337) 267-4099

A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
A A
M M
Date Range (Off-Market & Sold) = 01/08/2014 to 07/09/2014
Data believed to be accurate but not guaranteed.
2.3
117
67
26% 35
$250,000 $299,999 92
$300,000 $349,999 50
376,934$
$350,000 $399,999 52
130
18
115
51
382,310$
99
273,789$
270,000$
60 328,000$
224,041$ 98%
99%
328,265$
99%
99%
544
86
71 224,000$
170
99%
178,000$
54
227,534$
51
227,850$ 223,250$ 98%
135,000$ 130,000$
86 177,849$ 175,202$
102 79,000$ 49
447
71
64 134,900$
72 138
130,588$
93%
79,700$ 75,000$ 94%
75 80,386$ 75,135$
38,674$ 33,860$ 88%
41,000$ 38,000$
63
115
58
3 19%
44,900$
28
MARKET SUMMARY TABLE 530 PENDING
[2]
$0 $49,999 13
256
113
Pend
Ratio
38,769$
Num
#
Num
#
Num
#
2720 SOLD/CLOSED (last 6 months)
[4]
Days
on
Market
Original
List
Price
Final
List
Price
Sold/
Closed
Price
845 OFF-MARKET (last 6 mos)
[3] ABSORPTION RATE
(months of inventory)
Days
on
Market
Current
List
Price
A = Average Value
M = Median Value
N/A = Not Available
1032 ACTIVE
[1]
List-
Sale
Ratio
Est.
Mos.Low High
Price Range Num
#
93%
$50,000 $99,999 49
218 76,178$
12 20%
$100,000 $149,999 99
121
48 33% 105
96%34
133,207$ 129,319$ 97%
183,900$
$150,000 $199,999 291
154
89
$200,000 $249,999 194
121
843
175,000$ 98%
225,088$
137 41%
181,569$
172 37% 192
273
7699 270,055$
35
40%
267,500$
120 321,857$
27
275,574$
61
72 276,300$
68 316,950$ 324,000$ 99%
35%
323,790$
374,272$ 98%
72 375,428$ 54 382,950$ 375,000$ 98%
104
$400,000 $449,999 41
109 113 437,733$431,279$
17 29% 24
426,298$ 97%
100 435,200$ 68 437,000$ 425,000$ 97%
61
$450,000 $499,999 43
116 117 484,464$479,032$
9 17% 21
469,536$ 97%
80 480,025$ 46 478,716$ 466,000$ 97%
28
$500,000 $549,999 23
106 77 534,678$525,326$
6 21% 13
527,312$ 99%
115 523,900$ 36 536,588$ 526,588$ 98%
16
$550,000 $599,999 12
78 200 591,283$576,642$
4 25% 10
573,730$ 97%
72 574,950$ 134 584,500$ 575,000$ 98%
23
$600,000 $649,999 6
90 119 647,841$618,177$
3 33% 6
620,003$ 96%
106 618,750$ 91 648,085$ 617,623$ 95%
14
$650,000 $699,999 10
153 108 700,840$673,801$
2 17% 7
675,715$ 96%
114 669,000$ 62 699,500$ 685,000$ 98%
13
$700,000 + 57
223
168
1,174,808$
11 16% 44
979,900$ 836,000$ 97%
36
251
114
992,750$ 97%1,025,373$
89 226,914$
860,200$
845 2720
Market Averages 139 299,815$
Market Totals 1,032 530 34%
222,206$ 98%
Market Medians 83 215,000$ 48 195,000$
Status = [1] A; [2] C, P; [3] X, W; [4] S
Area = B, C, D, E, F, G1, G2, G3, K, N, O, H, P
Property Type = DETACHED SINGLE FAMILY
190,950$ 98%
1.2
2.1
1.3
2.1
2.1
2
2.6
3
2.6
4.6
9.5
4
9.2
8.6
3.1
Market Summary Table
Van Eaton & Romero
(337) 267-4099
Favors Sellers Favors Buyers

1. PROPERTIES FOR SALE (ACTIVE)
a. Number Active: The number of listings for sale which are currently being marketed but do not yet have a purchase
agreement.
b. Days on Market (DOM): The marketing period of currently active listings. This does not account for some listings
which have had a previous listing period, but were re-entered as a new listing.
c. Current List Price: The price that a property seller is currently asking.
2. CONTRACTS PENDING
a. Number Pending: The number of current listings for which a contract has been signed but has not yet closed.
b. Pending Ratio: Sometimes called a “list-to-pending ratio”. This is a measure of how fast properties are going under
contract vs. how fast they are being listed.
Pending Ratio = P (Number of Pending Listings)
A+P (Number of Active + Pending)
(P) represents properties that buyers have chosen
(A+P) represents the entire pool from which they have chosen
3. OFF-MARKET
a. Number Off-Market: The number of listing agreements that have failed to close in the last 6 months. Some
owners may choose to re-offer their property for sale.
4. PROPERTIES SOLD (CLOSED CONTRACT)
a. Number Sold: The number of properties that have gone to a closing in the last 6 months.
b. Days on Market (DOM): The marketing time it has taken properties to sell in the last 6 months.
c. Original List Price: The price at which a sold property was originally marketed.
d. Final List Price: The price at which a sold property was marketed just prior to selling.
e. Sold/Closed Price: The price for which a property sold.
f. List to Sales Ratio: The percentage of the list price that the buyer ultimately paid for the property.
List to Sales Ratio = Sold Price
Final List Price
5. ABSORPTION RATE / MONTHS OF INVENTORY
a. Absorption Rate / Months of Inventory: An estimate of how fast listings are currently selling measured in months.
For example, if 100 properties sell per month and there are 800 properties for sale - there is an 8 month supply of
inventory before counting the additional properties that will come on the market.
Real Market Reports
4
Glossary
Van Eaton & Romero
(337) 267-4099

June Market Report

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