City of Gretna, LA: May 2008 Home Sales and Real Estate Market Report

May 2008 Home Sales for the City of Gretna (70053)

• 50 homes for sale as of 6/2/2008, priced from $35,000 to $310,000
• 17 homes are pending sale or under contract, priced from $59,000 to $275,000
• 10 homes were sold during the month of May 2008.  Based on this sales rate, there is a 5 month supply of homes for sale in the City of Gretna (a balanced real estate market).  This is a dramatic change from the single sale recorded in April 2008.

• The average home sale price in Gretna for May 2008 was $147,515, up from $109,00 in April
• The year to date average home sale price in Gretna is $147,624
• The average home list price in Gretna is $174,272
• The average days on market for homes sold in May 2008 was 101

Finally, closings have started to happen in the City of Gretna.  Looks like those pending sale were just taking awhile to get to the closing table, which is not unusual with so many more purchasers using FHA financing.  If you are interested in selling your Gretna home, be sure to talk to an experienced West Bank REALTOR® about how to properly price and prepare your home for sale.  For more information about selling your West Bank home, contact Lisa Heindel.

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Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.