Category Real Estate Market

How’s The Market? – June 2023 Edition

How's the market? Clint C. Galliano, REALTOR® 985.647.4479; Keller Williams Realty Bayou Partners 985.262.4400

“How is the market?” you ask? It’s doing great!

This information covers the Houma. The numbers are compiled from sales and listings in the month of June, 2023.

Houma

The Houma market is moving towards equilibrium, otherwise known as a balanced market. Figure: 1 shows that we are still in a Seller’s Market but moving towards a balanced market.

Figure: 1

There are 4.88 months of inventory on the market for sale, up 17.59% over May, 2023. This means that more homes are being listed for sale and are available to be purchased.

The List to Sold Price Ratio is at 97.1%, meaning that the average price properties are closing at is 97.1% of the original list price. Stated in other words, the sale price is averaging about 2.9% below the list price.

The Median Days value is the value at the midpoint of the number of days properties are on the market. For June, that was 17. That means some sold quicker and some took longer to sell.

The Median Sold Price was $230,000. That value is up 4.93% month over month, indicating that prices are still rising. This is supported by Figure: 2.

Figure: 2

Figure: 2 shows Median Estimated Value of homes. This is based on the source’s (Realtor’s Property Resource) valuation models. The chart compares Houma to Terrebonne Parish, Louisiana, and the whole USA.

June’s Median Estimated Value is $220,860, up 0.4% month over month. This is also up 8.8% over the last twelve months.

Interesting Observations: Houma & Terrebonne Parish data track almost in lock-step due to Houma making up the majority of Terrebonne Parish’s data. Both tend to track with a similar trend as the whole state, but Houma is slightly more affordable.

The other thing I’d like to point out here is how the Houma Market is not as volatile as the whole US Market. US Values peaked in July/August of 2022 then dropped, in addition to being way higher than both Louisiana and Houma Median Home Values.

My interpretation of this information is that we don’t see the price shocks some parts of the country have been experiencing recently. We do have some changes, but nowhere near as wild as the east & west coasts or major markets.

So, if you are interested in buying a home, there are deals to be had as more inventory comes on the market.

If you are considering selling, there is still time to harvest your equity and get top dollar for your home.

Give me a call, shoot me a text, or send me an email if you’d like discuss any of this.

Clint C. Galliano, REALTOR®
985.647.4479
clint.galliano@kw.com
Licensed by the Louisiana Real Estate Commission
Keller Williams Realty Bayou Partners
985.647.4479
307 Bayou Gardens Blvd
Houma, La 70364
Each Office is Independently Owned & Operated


Personal – Top 10 Sales for Jan-2022

Congratulation to the agents who made the Top 10 for sales volume at our brokerage!

This is two months in a row that I am in this group. I am deeply honored to be here.

This is an amazing place to work and I really love the family atmosphere of the KW Bayou Partners Brokerage. It is so different than my previous career that I am constantly having to pinch myself to make sure I am not dreaming.

If you are thinking about a career in real estate, let’s talk.

Remember, if you have a real estate need, whether buying or selling, give me a call or shoot me an email. It doesn’t matter if you are outside of my area, I can connect you with a Rockstar Real Estate Agent!

Clint C. Galliano, REALTOR® 985.647.4479

Clint C. Galliano, a native of Lafourche Parish, has lived in the Houma-Thibodaux area for over 36 years and is currently a REALTOR® with Keller Williams Realty Bayou Partners in Houma, La. He has been involved with real estate investing since 2017 and hosts the local Real Estate Investment Association. Real Estate is his passion. Clint previously worked in drilling fluids and drilling fluids automation for 28 years. He lives in Bayou Blue with his wife and two daughters.

Real Estate Market – December Sales And 2021 Totals

December 2021 and Year-To-Date Residential Sales Numbers

Here’s an update on the local market in the Bayou Board of REALTORS® region, showing December 2021 and the Year-To-Date numbers.

Listings fell in December by almost a third compared to December 2020, which is also reflected in the overall trend for Months Supply and Inventory of Homes being lower YoY.

Pending sales were slightly down and closed sales were up 5%.

Both Median and Average sale prices were down for the month, but up YTD.

Speaking of Year-To-Date, New Listings were down 9%, but Pending and Closed Sales were both up.

What Does It Mean?

There is no doubt that we are still in a Seller’s market. There are less homes for sale than there are buyers looking.

If you are a buyer, it means that it may be a little tougher to find a deal. Homes are being put under contract almost immediately after being listed, so working with a dedicated REALTOR® can help you to get you in the home you want.

If you are a seller, this means that there are lots of buyers out there for your home. Things can move quickly! And with the Median Sales Price continually climbing, it makes even more sense to consider selling and harvest your equity appreciation.

Median Sales Price, December 2021

If you are thinking about selling your home and would like to get a valuation estimate, click here to request a Complimentary Home Valuation Estimate.

Let me know if you have any questions about the market. I’d be happy to help you with any needs.

Remember, if you have a real estate need, whether buying or selling, give me a call or shoot me an email. It doesn’t matter if you are outside of my area, I can connect you with a Rockstar Real Estate Agent!

Clint C. Galliano, REALTOR® 985.647.4479

Clint C. Galliano, a native of Lafourche Parish, has lived in the Houma-Thibodaux area for over 36 years and is currently a REALTOR® with Keller Williams Realty Bayou Partners in Houma, La. He has been involved with real estate investing since 2017 and hosts the local Real Estate Investment Association. Real Estate is his passion. Clint previously worked in drilling fluids and drilling fluids automation for 28 years. He lives in Bayou Blue with his wife and two daughters.

Personal – Top 10 Sales for Dec-2021

Keller Williams Realty Bayou Partners Top Ten Sales Production for December 2021.

Just a short article here to let y’all know that I was one of the top ten producers for December 2021 in our Brokerage.

This makes the second time in 2021 that I make that list. More to come in 2022.

Remember, if you have a real estate need, whether buying or selling, give me a call or shoot me an email. It doesn’t matter if you are outside of my area, I can connect you with a Rockstar Real Estate Agent!

Clint C. Galliano, REALTOR® 985.647.4479

Clint C. Galliano, a native of Lafourche Parish, has lived in the Houma-Thibodaux area for over 36 years and is currently a REALTOR® with Keller Williams Realty Bayou Partners in Houma, La. He has been involved with real estate investing since 2017 and hosts the local Real Estate Investment Association. Real Estate is his passion. Clint previously worked in drilling fluids and drilling fluids automation for 28 years. He lives in Bayou Blue with his wife and two daughters.

Business – CCGR Year-End Review

Clint C. Galliano, REALTOR® Sold $2,464,390 of real estate in 2021. 
985.647.4479
clint.galliano@kw.com.

Wow…It has been a while since I have posted an article here! I’ve been a bit busy with life and being a Real Estate Agent.

I just wanted share an update on how my real estate sales business did this year.

This was my first full year as a real estate agent, so it has allowed me to look over my numbers and performance to establish a baseline to grow from. Here are the highlights.

In the past year, I added 398 contacts to my database. What is the big deal about that? For every fifty people that you market to at least 12 times a year, you can expect one sale. So that allowed me to add four potential additional sales a year going forward.

Out of those contacts, 275 were potential buyers or sellers. That lead to a total of 87 sales opportunities, with 24 being listing opportunities and 63 being buyer opportunities.

I closed 16 total units with a production volume of $2,464,390. That was 7 listings at $880,500 and 9 buyer sales at $1,583,890. The average sale amount was $154,024.

I ended the year with 5 pending deals carried into 2022. 4 listings and 1 buyer. As of today, 17-Jan-2022, one of those listings has closed and buyer sale should close this week.

Remember, if you have a real estate need, whether buying or selling, give me a call or shoot me an email. It doesn’t matter if you are outside of my area, I can connect you with a Rockstar Real Estate Agent!

Clint C. Galliano, REALTOR® 985.647.4479

Photo by Pixabay on Pexels.com

Now for the business breakdown…I had a Gross Revenue of $81,468. This included $68,581 of Gross Commission Income, $9,574 in referral Commission, and $3,308 of sales of oilfield testing equipment liquidated for a client.

Out of that, I paid $20,502 in “Company Dollar”, (split of my commission to the brokerage), $4,115 in Royalties to Keller Williams Realty International, $1,624 COGS, (client split of testing equipment sales), and $9,397 in operating expenses. OPEX includes advertising, training, dues, professional fees, etc.

Overall, I had a Gross Profit of $37,720 before taxes.

Not a bad start for my first full year! AND, this was while also serving as the Market Center Tech Trainer, in addition to the whole area shutting down for the whole month of September due to Hurricane Ida.

If you are interested in becoming a real estate agent, get in touch with me. It’s a really cool career and much more enjoyable than my previous career.

And, as always, let me know what you think in the comments. Ask questions, tell your story.

If you like my posts, please share them with others and subscribe to this blog.

Clint C. Galliano, a native of Lafourche Parish, has lived in the Houma-Thibodaux area for over 36 years and is currently a REALTOR® with Keller Williams Realty Bayou Partners in Houma, La. He has been involved with real estate investing since 2017 and hosts the local Real Estate Investment Association. Real Estate is his passion. Clint previously worked in drilling fluids and drilling fluids automation for 28 years. He lives in Bayou Blue with his wife and two daughters.

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