VERMILION PARISH: 2019 saw 391 home sales reported, up from 305 in 2018 and a 28% increase. The dollar volume of those sales was $63.8 million, up 37% from 2018’s $3.9 million. The average sale price was $163,070, which was a 13.4% increase from the reported 2018 average sale price of $143,792. The median sale price rose by 18.5% from $135,000 to $160,000 last year.

Home sales reported below $150,000 made up 45.8% of the 2019 total. These 179 sales generated a 7.2% increase over the 167 reported 2018.

Reported homes sold in the $150,000-$299,999 price range increased from 121 in 2018 to 196 this past year, a 62% bump, and 45.8% of all 2019 home sales fell into this price range. Sales in the $300,000-and-up range declined by 5.9% from 17 to 16. Only 4% of the parish’s 2019 reported were $300,000 and above.

Vermilion Parish had the most new construction sales reported during 2019 outside of Lafayette Parish with 104. In 2018 there were 54 home sales reported, generating an increase of 92.6% year-over-year. The average sale price for a new construction sale was $218,454, up 11.4% from a year ago, and the median sale price was $207,220, up 4.2%.

Excerpted from its original printing in The Advocate, 1/24/20