1. REAL ESTATE MARKET REPORT
SINGLE FAMILY LAFAYETTE
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Sunday, February 2
2014
TABLE OF CONTENTS
Charts and Commentary ………………………………………………..
Market Summary Table
………………………………………………..
Glossary
………………………………………………………………...
Robbie Breaux & Team
Van Eaton & Romero
2000 Kaliste Saloom Road, Ste 101
Lafayette, Louisiana 70508
www.RobbieBreaux.com
info@robbiebreaux.com
(337) 267-4099
breauxknows
breauxknows
broknoz
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2. REAL ESTATE MARKET REPORT
SINGLE FAMILY LAFAYETTE
Sunday, February 2, 2014
Robbie Breaux & Team
Van Eaton & Romero
info@robbiebreaux.com
(337) 267-4099
Let's take a look
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.
at the real estate market. Currently
there are 352 sales pending in the
market overall, leaving 952 listings still
for sale. The resulting pending ratio is
27.0% (352 divided by 1,304). So you
might be asking yourself, that's great...
but what exactly does it mean? I'm
glad you asked!
"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 256
listings. The median list price (or
asking price) for all properties in this
market is $219,900.
Number of Listings For Sale vs. Pending Contract
Properties For Sale
Contracts Pending
Single Family Lafayette
300
Updated 2/2/2014, RealMarketReports.com
Copyright © Robbie Breaux & Team
250
200
150
100
50
Num Sold vs. Off-Market (Last 6 mos.)
Sold
Off-Market
Single Family Lafayette
700
Updated 2/2/2014, RealMarketReports.com
Copyright © Robbie Breaux & Team
600
$700K
$650K
$600K
$550K
$500K
$450K
$400K
$350K
$300K
$250K
$200K
$150K
$100K
$50K
$0K
0
A total of 1836 contracts have closed
in the last 6 months with a median sold
price of $190,000. Breaking it down,
we notice that the $150K - $200K price
range contains the highest number of
sold listings.
500
400
300
200
100
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$700K
$650K
$600K
$550K
$500K
$450K
$400K
$350K
$300K
$250K
$200K
$150K
$100K
$50K
$0K
0
Alternatively, a total of 550 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 129 properties.
Market Dashboard

3. REAL ESTATE MARKET REPORT
SINGLE FAMILY LAFAYETTE
Sunday, February 2, 2014
Robbie Breaux & Team
Van Eaton & Romero
info@robbiebreaux.com
(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 109 days.
Median Days on Market (DOM)
Sold
For Sale
Single Family Lafayette
180
Updated 2/2/2014, RealMarketReports.com
Copyright © Robbie Breaux & Team
160
140
120
100
80
60
Analysis of sold properties for the last
six months reveals a median sold
price of $190,000 and 42 days on
market. Notice that properties in the
$250K - $300K price range have sold
quickest over the last six months.
40
20
The recent history of sales can be
seen in the two charts below. The
median sold price for the last 30 days
was $196,900 with a DOM of 48 days.
"The median list-to-sales ratio
for this area is 97.7%."
Since the recent DOM is greater than
the median DOM for the last 6 months,
it is a negative 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.
Median Sold Prices
$700K
$650K
$600K
$550K
$500K
$450K
$400K
$350K
$300K
$250K
$200K
$150K
$100K
$50K
$0K
0
Analysis of the absorption rate
indicates an inventory of 3.1 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.
Median Days on Market (Sold)
Single Family Lafayette
Single Family Lafayette
$200K
60
$195K
50
40
$190K
30
$185K
20
$180K
$175K
Sep
10
Copyright © Robbie Breaux & Team
Updated 2/2/2014, RealMarketReports.com
Oct
Nov
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Dec
Jan
Copyright © Robbie Breaux & Team
Updated 2/2/2014, RealMarketReports.com
0
Feb
2
Sep
Oct
Nov
Dec
Jan
Feb
Market Dashboard

4. REAL ESTATE MARKET REPORT
SINGLE FAMILY LAFAYETTE
Sunday, February 2, 2014
Robbie Breaux & Team
Van Eaton & Romero
info@robbiebreaux.com
(337) 267-4099
352
MARKET SUMMARY TABLE
A = Average Value
M = Median Value
N/A = Not Available
Price Range
952
Low
High
$0
$49,999
18
$50,000
$99,999
51
$100,000
$149,999
81
$150,000
$199,999
256
$200,000
$249,999
177
$250,000
$299,999
103
$300,000
$349,999
55
$350,000
$399,999
42
$400,000
$449,999
32
$450,000
$499,999
29
$500,000
$549,999
19
$550,000
$599,999
10
$600,000
$649,999
5
$650,000
$699,999
9
$700,000
+
65
Market Totals
Current
List
Price
952
A
208
$
36,128
M
156
$
36,500
A
193
$
76,594
M
158
$
79,900
A
128
$ 131,281
M
86
$ 135,000
A
160
$ 180,918
M
113
$ 183,700
A
130
$ 224,896
M
101
$ 224,900
A
125
$ 274,124
M
122
$ 272,500
A
163
$ 325,283
M
103
$ 323,000
A
151
$ 374,964
M
102
$ 372,200
A
123
$ 426,190
M
76
$ 425,000
A
128
$ 474,341
M
88
$ 478,431
A
76
$ 525,268
M
17
$ 523,920
A
192
$ 575,290
M
118
$ 571,500
Num
#
Pend
Ratio
Num
#
3
14%
24
39
14
22%
46
89
46
36%
73
289
97
27%
129
590
84
32%
119
380
46
31%
35
189
26
32%
34
74
7
14%
22
61
12
27%
16
38
3
9%
14
17
5
13
3
14
32
$ 627,852
12
$ 628,360
3
12
A
146
$ 686,944
3
12
M
124
$ 687,500
A
199
$ 1,140,960
M
166
$ 899,900
24
19
550
ABSORPTION RATE
(months of inventory)
SOLD/CLOSED (last 6 months) [4]
Days
on
Market
Num
#
Original
List
Price
Final
List
Price
Sold/
Closed
Price
ListSale
Ratio
1836
0
2
17%
2
29%
2
18%
8
11%
352
A
M
OFF-MARKET (last 6 mos) [3]
1836
ACTIVE [1]
Days
on
Market
Num
#
550
PENDING [2]
27%
A
94
$
41,118
$
35,989
88%
M
40
$
42,000
$
38,000
90%
A
66
$
80,180
$
75,780
95%
M
34
$
79,900
$
77,000
96%
A
72
$ 132,608
$ 128,901
97%
M
34
$ 134,600
$ 130,000
97%
A
78
$ 176,939
$ 174,603
99%
M
49
$ 175,700
$ 174,000
99%
A
78
$ 227,282
$ 223,399
98%
M
48
$ 225,600
$ 221,000
98%
A
61
$ 272,718
$ 269,112
99%
M
26
$ 269,900
$ 266,615
99%
A
65
$ 330,305
$ 323,756
98%
M
40
$ 329,815
$ 323,500
98%
A
101
$ 383,632
$ 375,481
98%
M
43
$ 385,000
$ 380,000
99%
A
114
$ 437,356
$ 426,660
98%
M
64
$ 437,500
$ 427,215
98%
A
87
$ 487,088
$ 468,412
96%
M
48
$ 485,000
$ 465,000
96%
99%
A
95
$ 533,329
$ 529,678
M
54
$ 533,175
$ 533,175 100%
A
150
$ 594,200
$ 572,971
96%
M
133
$ 584,050
$ 576,500
99%
A
104
$ 644,523
$ 617,262
96%
M
81
$ 648,085
$ 616,000
95%
A
94
$ 703,001
$ 677,867
96%
M
30
$ 706,708
$ 685,000
97%
A
210
$ 1,052,859
$ 984,769
94%
M
47
$ 899,900
$ 825,000
92%
Est.
Mos.
2.8
3.4
1.7
2.6
2.8
3.3
4.5
4.1
5.1
10.2
8.8
4.3
2.5
4.5
20.5
3.1
Market Averages
149
$ 304,408
79
$ 225,239
$ 220,244 98%
Market Medians
109
$ 219,900
42
$ 194,500
$ 190,000 98%
Date Range (Off-Market & Sold) = 08/04/2013 to 02/02/2014
Data believed to be accurate but not guaranteed.
Favors Sellers
Favors Buyers
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
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Market Summary Table

5. REAL ESTATE MARKET REPORT
SINGLE FAMILY LAFAYETTE
Sunday, February 2, 2014
Robbie Breaux & Team
Van Eaton & Romero
info@robbiebreaux.com
(337) 267-4099
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.
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Glossary