Belle Chasse, LA: June 2008 Home Sales and Real Estate Market Report

Belle Chasse Homes for Sale as of 7/2/2008

• 67 active listings, priced from $113,300 to $2,750,000
• 1 pending (offer accepted but continuing to show) listing priced at $195,000
• 7 under contract listings, priced from $161,900 to $425,000
• Based on June 2008 sales, there is a 7.4 month supply of homes for sale in Belle Chasse, slightly above the 5 to 6 month supply of a balanced real estate market.

Belle Chasse Home Sales - January 2008 through June 2008

• 9 homes sold in June 2008, up from 6 in May 2008
• The average days on market for June 2008 was 123
• Quarterly sales remained flat from 1st quarter to 2nd quarter 2008 (23 in each quarter)

Belle Chasse Home Sales - 2nd Quarter 2007 through 2nd quarter 2008

Belle Chasse Average Home Sale Price - January 2008 through June 2008

• The average home sale price in June 2008 was $378,422, up from the May 2008 average of $247,083.  This large increase in the average sale price can be attributed to the sale of a $1,100,000 home in June.
• The average home sale price in the 2nd quarter of 2008 was $246,143, down from the 1st quarter average of $259,576.
• The current average list price is $402,492, significantly higher than recent average sales prices.  Sellers in Belle Chasse should remember that buyers have many choices in today’s market and they are looking for the best values in their price range.

For a detailed market analysis of your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Belle Chasse, LA- June 2008 Real Estate Absorption Rates

Belle Chasse, LA - Historic Real Estate Market Reports

Choosing a Tech Savvy REALTORR to Sell Your West Bank Home