During the Southwest Louisiana Board of Realtors lunch, local Realtors were updated on the trends and statistics of the Lake Charles LA market and Louisiana Real Estate in general.
Statistics compared to prior years show an increase in the number of sales in our market with some strong trends in Southwest Louisiana. Foreclosures are impacting sales prices.
Lake Charles was one of 2 markets in Louisiana showing a 17.2 increase in real estate. Economist, Loren Scott says Southwest Louisiana is the fastest growing metro area in the state of Louisiana with 5-6% employment increases expected with key economic projects.
The job and housing growth go hand in hand with a positive movement. Average home sale prices for Southwest Louisiana is $153,171.
Southwest Louisiana residents and other Louisiana consumers may access a new website www.lahomeowners.org for homeowner news, trends and tips. When you visit this Louisiana homeowner site you also have the option of registering to receive updates so you will never miss any update or news event.
Southwest Louisiana residents are lucky to live in a a thriving community such as Lake Charles where we do have a stable Real Estate market and positive economic trends!