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The Advocate
Sunday, February 4th, 2024
 
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Why did sales slump in Lafayette Parish in 2023 but not as much in the neighboring parishes?

By ADAM DAIGLE l Acadiana Business Editor​ ​ ​

Welcome to a another edition of your Acadiana Business Newsletter. We've got real estate and restaurant news for you this morning.

On to the headlines.

The real estate market in Lafayette Parish has gotten all the headlines in 2023 of higher prices, lower inventory and sales that fell back to pre-pandemic levels.

But another story unfolded last year: the market in the outlying parishes fared better in Lafayette Parish as buyers were lured by available land that was often at lower prices. While sales fell 25% in Lafayette Parish, St. Martin Parish actually has more homes sold in 2023. 

Check out the deep dive into why that happened. 

Read the full story here.

Have a great day and see you tomorrow. 

 
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Project slated for E Broussard Road to feature nearly 300 townhomes

A residential development that will include nearly 300 units is being planned in southwest Lafayette. Read more

This eatery near Acadiana Mall will close after being open less than a year

The Mr. C’s Landing restaurant, which opened less than 12 months ago, announced it will close Feb. 18. Read more

Meet the wine expert who for years was a wins expert at Marcello's Wine Market

Calogero “Carlos” Todaro and his brother, Gene, were for years the resident wine experts at Marcello’s Wine Market in Lafayette. Read more

 
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