Terrytown and Gretna, LA 70056: June 2008 Home Sales and Real Estate Market Reports

Terrytown and Gretna Homes for Sale as of 7/2/2008

• Zip code 70056 only
• 199 active listings, priced from $30,000 to $1,200,000
• 7 pending (offer accepted but still showing) listings, priced from $99,900 to $279,900
• 17 under contract listings, priced from $99,999 to $449,000
• Based on the June 2008 sales, there is a 14 month supply of homes for sale in Terrytown and unincorporated Gretna.  This is well above the 5-6 month supply of homes in a balanced real estate market and puts the area firmly in a buyer’s market.

Terrytown and Gretna, LA Home Sales - January 2008 through June 2008

• 14 homes were sold in June 2008, continuing the downward trend in Terrytown and Gretna sales for zip code 70056
• The average days on market for June 2008 was 58
• Quarterly sales were up in the 2nd quarter of 2008 compared to the 1st quarter, but if the current trend continues we can expect to see a drop in 3rd quarter numbers

Terrytown and Gretna Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown and Gretna Average Home Sale Price - January 2008 through June 2008

• The average sales price for homes sold in Terrytown and Gretna in June 2008 was $150,993, down from $152,289 in May 2008
• Average sales prices for 2nd quarter 2008 were up slightly to $171,401
• The average listing price in Terrytown and Gretna is $224,958, significantly higher than the average sales price and indicating that buyers are continuing to look for the best value in their price range.

Terrytown and Gretna Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Gretna or Terrytown home, please contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Terrytown and Gretna, LA 70056- June 2008 Real Estate Absorption Rates

Terrytown and Gretna, LA 70056 - Historical Real Estate Market Reports

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

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.