There are always homes for sale in what we call the Saint Streets area in Lafayette, LA. The area is in high demand and homes that are priced right, do not stay on the market very long. I recently listed a home on Duclos Street and we had multiple offers after 5 days on the market. Buyers need to understand that if they see a good home in the saint streets, several other buyers have probably seen it, too. Waiting for a price reduction here is often not an option.
While the "Saint Streets" is not the official name of a particular neighborhood, it came about because several streets have saints' names: St. Patrick, St. Thomas, St. Mary, St. Catherine, St. John, St. Louis, St. Joseph, and more. To search by subdivision names, one would have to look for Souvenir Heights, Oaklawn & Oaklawn Heights, Fairfield, Suzanne Heights, Cornay Addition, Elmhurst Park, or Comeaux Place. For us agents, when a client says that they would like to buy a home in the Saint Streets, we know exactly where to look. If I had to draw it on a map, I would say from Johnston Street to a little past Congress street and from Cajundome Blvd to University Ave.
So why is the Saint Streets area always in demand? One of the reasons is no doubt that it borders the University of Louisiana at Lafayette campus. Another is that it is close to downtown and centrally located in Lafayette; it is simply close to everything one might need.
Another important reason, which makes the Saint Streets area popular, is the type of homes found there. Most of them are charming cottages that just always seem to appeal to buyers. Many of these homes have original wood floors, high ceilings and front porches, where it is not uncommon to see a swing or one or two rocking chairs for those cooler Louisiana evenings (not so many cool nights this time of year, though). Traffic in the neighborhoods is limited, which also makes it perfect for people with children. In fact, there are always people, young and old, walking or riding bicycles in the streets.
Home values in the Saint Streets vary greatly based on condition. For a home with limited upgrades, price should be between $80 and $110 per square foot. A completely remodeled cottage with (top of the line upgrades) will usually command a price between $125 and $135 per square foot. In fact, the area is always popular with investors who flip properties because of the demand for homes in the Saint Streets.
There are currently a couple of homes available in the Saint Streets and prices vary from the $150,000s all the way up to about $500,000. If you own a home in the Saint Streets and are thinking about selling, contact me for a detailed market analysis of the value of your home. I have several (pre-approved) clients waiting for the right home to come along. It might be yours!
If you are thinking about buying a home in the Saint Street, feel free to send me an email and I will send you detailed listing information and keep you up to date when new homes come on the market. Just understand that the game here is often "wait & hurry up." Wait for the right home to appear on the market and then hurry up to put it under contract!
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