Wednesday, February 16, 2011

The Truth about the Real Estate Market

You can watch the national news and think that you know what the market in Acadiana is like based on that. But here are the real statistics for 2010:

The number of homes sold in 2010 compared to 2009 increased by 3.44%.

The average days on the market increased to 104 from 96.

The average sales price decreased -2.48% to $168,847.

The average list to sold price ratio was 96.42%, which is a .12 decrease.

Van Eaton & Romero ranked number one in the market on sold homes, beating out Coldwell Banker Pelican-it's closest competitor by double the dollar volume sales.

Top Five in 2010: Company, Transaction Sides, Dollar Volume
Van Eaton & Romero 1772.5 $344,230,899
Coldwell Banker 1005.0 $166,919,868
Keller Williams 524.5 $ 85,810,048
ERA Stirling 392.5 $ 66,276,899
Remax Acadiana 338.0 $ 54,978,825

Information provided by market analysis prepared by CEO of Van Eaton & Romero, Bill Bacque'. For a full market report, email

Data compiled from MLS sales only in all GEO areas, both listing and selling sides.

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