Ep. 21 - April 2025 Market Update: Lafourche Parish
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
Creators and Guests
Host
Ben Harang
Ben Harang brings over 30 years of experience as a licensed agent and currently works with Keller Williams Realty Bayou Partners. Ben’s experience includes single family residential sales, large land sales, subdivision development, building new construction residential and commercial projects and selling REO/Foreclosed properties.
Host
Clint C. Galliano
Clint Galliano, who’s been an agent since 2020 & an investor since 2008, also with Keller Williams Realty Bayou Partners. Clint’s experience includes residential sales, residential rentals, property management, and various avenues of investing.
