Marrero, LA: January 2008 Home Sale Market Update

Following is the Marrero, LA home sales report with a comparison of January 2008 and January 2007.

	January 2008	January 2007
# Homes Sold	27	32
High Sales Price	$284,500	$310,000
Low Sales Price	$45,000	$75,000
Average Sales Price	$155,719	$161,130
Average Days on Market	92	59
Total Sales Volume	$4,204,400	$5,156,144

 

 

There are currently 295 active listings in Marrero (zip code 70072):

• High price:  $615,000
• Low price:  $54,900
• 1-5 bedrooms, 1-4 baths
• Sizes range from 650 square feet of living area to over 4,000 square feet

Based on January sales, it would appear that Marrero has around an eleven (11) month supply of homes on the market.  However, the good news is that things are picking up in 2008, as evidenced by the homes under contract and pending sale:

• 70  homes pending sale
• Low price:  $21,200
• High price: $499,000

While not all of the homes under contract will make it to closing in February, it still represents a marked increase in potential sales for the coming month.

Marrero Home Sellers:  Remember that there is still a lot of competition in the market for the buyers and that the homes in the best condition with the best price will sell first.

Marrero Home Buyers:  Don’t miss out on your dream home in 2008!  Be prepared….call your mortgage lender and get pre-approved before starting your house hunt.  If you don’t have a trusted lender, contact me at lisa@lisaheindelsells.com and I’ll be happy to refer you to a local lending professional.

Have a question about the Marrero real estate market?  Feel free to contact me via phone at (504) 616-6262 or email at lisa@lisaheindelsells.com.

As a New Orleans West Bank resident, I’d love to help you buy or sell your next Marrero, LA home.

Related Reading:

• 7 Keys to Selling Your House When Sales are Slow
• 5 Dos and Don’ts for Home Sellers
• Getting Ready to Sell - Home Staging Tips Part I
• Getting Ready to Sell - Home Staging Tips Part II
• Getting Ready to Sell - Home Staging Tips Part III

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Copyright 2008. Lisa Heindel, All rights reserved.