Westwego, Avondale and Bridge City, LA: April 2008 Home Sales and Real Estate Market Report

The real estate market in Westwego is holding steady, with 14 homes sold in April 2008, continuing the ever so slight increases from month to month.  The number of pending sales is down slightly from the same time last month (31 in April vs 27 currently).  Based on April sales, there is a 13.6 month supply of homes for sale in Westwego, Avondale and Bridge City - still a buyer’s market.

• Active listings:  103 (down from 108 at the beginning of April)
• Average list price:  $138,856
• Pending but continue to show listings:  6  (Average list price $132,783)
• Under contract listings:  21  (Average list price $115,095)

Westwego, Avondale and Bridge City - Number of Home Sales, April 2008

Westwego, Avondale and Bridge City - Average Single Family Home Sale Price, April 2008

The average home sale price continues to creep up, but is still lower than the average sales prices recorded at the end of 2007 in the area.  Looking at the list prices of homes currently under contract, I project another small increase in average sale prices by the end of May.

Please remember that these reports cover the entire 70094 zip code.  If you would like a report of home sales in your individual Westwego, Avondale or Bridge City neighborhood, please 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:

Westwego, Avondale and Bridge City, LA: April 2008 Real Estate Absorption Rate

5 Dos and Don’ts for Home Sellers

Copyright 2008.  Lisa Heindel, All rights reserved.