Current market statistics for Terrytown and unincorporated Gretna (as of 5/1/2008):
- Active listings: 182
- Average list price: $231,882
- Pending but continue to show listings: 3 (Average list price $126,267)
- Under contract listings: 27 (Average list price $182,226)
Gretna and Terrytown, LA – Number of Homes Sold, April 2008
The number of homes sold in Gretna and Terrytown (zip code 70056) increased from 17 in March 2008 to 24 in April 2008, the highest number of sales since August, 2007. Based on April sales information, there is a 7.58 month supply of homes for sale in the area – just above a balanced market level of 6 months and another indicator that the West Bank real estate market is attempting to stabilize.
Gretna and Terrytown, LA – Average Home Sale Price, April 2008
The average sale price jumped substantially from March to April, ending the month at $181,023, the highest yet for 2008 and higher than the average for the same time in 2007. Average sales prices in Gretna and Terrytown have continued to increase each year since 2004, when the average was only $135,221.
Remember, this report is for the entire 70056 zip code. If you would like a detailed report of home sales in your Gretna or Terrytown neighborhood, feel free to contact me or call me direct at (504) 616-6262. I’d be happy to help you stay on top of the changing West Bank real estate market.
Related Reading:
Terrytown and Gretna, LA: April 2008 Real Estate Absorption Rates
5 Steps to Choosing Your New Orleans West Bank Real Estate Agent
Copyright 2008. Lisa Heindel, All rights reserved.
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