West Bank Real Estate Market Update – August, 2007
September 14, 2007 by lisa
Filed under Blog, Market Updates
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
Algiers Real Estate Market Update | August 2007
September 13, 2007 by lisa
Filed under Algiers, Blog, Market Updates
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.
