Westwego, Avondale and Bridge City LA: July 2008 Home Sales and Real Estate Market Reports

Current real estate market statistics for zip code 70094 as of 8/5/2008:

• 123 active listings, priced from $38,000 to $399,000
• 13 pending sales (offer accepted but still showing), priced from $66,900 to $149,000
• 18 under contract listings, priced from $34,900 to $210,375

Based on July sales, there is a 6.8 month supply of homes for sale in Westwego, Avondale and Bridge City, up just slightly from June’s 6 month supply.  The area continues to have one of the most stable real estate markets on the West Bank of New Orleans.  I’m hoping that the new FHA down payment guidelines do not have a negative impact on sales in the area, since so many are to first time home buyers.

Westwego, Avondale and Bridge City - Number of Homes Sold July 2008

The average home sale price in July according to the MLS was $150,818, but with a little investigating I discovered that this is an error in the data.  A home that sold for $54,900 was recorded as $549,000.  This is a perfect example of why you need an agent who knows the market when pricing your home!

• The accurate average sale price for July 2008 was $105,900 compared to $91,459 in June 2008.
• The year to date average sale price for Westwego, Avondale and Bridge City is $101,271.
• July average days on market for sold homes was 62, while the year to date average is 85.

Westwego, Avondale and Bridge City - Average Home Sale Prices July 2008

For a detailed and accurate analysis of your West Bank home, contact Lisa Heindel.  I’d be happy to talk to you about pricing, preparing your home for sale and how I can help you get it sold.

Related Reading:

• Westwego, Avondale and Bridge City 70094- July 2008 Real Estate Absorption Report
• Previous Real Estate Market Reports for Westwego, Avondale and Bridge City
• 5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

All data supplied by GSREIN and deemed reliable, but not guaranteed.