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Archive for September, 2007

West Bank Real Estate Market Update - August, 2007

Belle Chasse

Date of sales Units Sold Average Days on Market Average Sales Price
1/1/2005 - 8/1/2005 66 65 $213,422
1/1/2006 - 8/1/2006 84 58 $275,353
1/1/2007 - 8/1/2007 50 72 $295,824

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 70 active listings in Belle Chasse, with an average list price of $377,960.

 

Terrytown and Gretna

Date of sales Units Sold Average Days on Market Average Sales Price
1/1/2005 - 8/1/2005 300 62 $139,756
1/1/2006 - 8/1/2006 384 46 $162,170
1/1/2007 - 8/1/2007 260 66 $166,083

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 259 active listings in Terrytown and Gretna, with an average list price of $201,553.

 

Harvey, Marrero and Westwego

  Units Sold Average Days on Market Average Sales Price
1/1/2005 - 8/1/2005 626 55 $139,580
1/1/2006 - 8/1/2006 910 51 $162,839
1/1/2007 - 8/1/2007 579 65 $167,727

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 766 active listings on the West Bank in Marrero, Harvey, and Westwego, with an average list price of $202,149.

 

Need more information on your neighborhood?  Call me for a free home market analysis.

Your West Bank Real Estate Specialist

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Algiers Market Update for August 2007

Many of my sellers are wondering (and asking me) "Why hasn’t my house sold yet?" Algiers has historically been a pretty easy place to sell real estate in, choices in schools abound, location is great, and crime is low…. what’s the problem?

 

It’s easy to SAY that the market has changed substantially in our post Katrina real estate environment, but the numbers prove it.

Date of sales Units Sold Average Days on Market Average Sales Price
1/1/2005 - 8/1/2005 383 30 $160,086
1/1/2006 - 8/1/2006 445 61 $178,675
1/1/2007 - 8/1/2007 290 91 $174,512

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 366 active listings in the Algiers area, with an average list price of $235,841.

 

Sellers need to be aware that overpricing your home will result in it sitting on the market for a longer period of time.  Buyers have so many choices in a new home that if yours is overpriced or not in prime condition, it will be passed over, often without an appointment even being made.  You can’t sell it if you can’t get the buyers in the door!

 

Interested in selling your West Bank home?  Feel free to contact me for a FREE, no obligation, market analysis of your home’s current value.  Ask about my EZ Exit Listing Guarantee.

Your West Bank Real Estate Specialist

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