Harvey LA 70058: August 2008 Home Sales and Real Estate Market Reports

Current real estate market statistics for Harvey LA as of 9/12/2008:

• 190 active listings, priced from $59,800 to $1,400,000
• Average list price of $219,399
• 16 pending sales (accepted, but continuing to show) priced from $85,000 to $339,000
• 41 under contract listings, priced from $20,000 to $319,000
• Based on August 2008 sales, there is currently an 8.6 month supply of homes for sale in Harvey LA

Harvey LA - Number of Homes Sold August 2008

The number of homes sold each month in Harvey has remained mostly flat from month to month in 2008, averaging 22 sales per month, compared to the monthly average of 27 in 2007.

Harvey LA - Average Home Sale Price August 2008

The average home sale price for Harvey in August was $181,070.  Year to date, the average sale price is $157,537.  As you can see from the year to year comparison chart below, average values have declined about 8% from 2007 and 11% from 2006.

What does this mean for home sellers in Harvey?

It means that in order to be one of those 22 lucky sellers next month, your home needs to offer the best value to home buyers.  I’ve found that most buyers right now are looking for move-in ready homes - if your home doesn’t fit that description then you need to either make the necessary improvements to get it there or you need to adjust your listing price to offset that fact.

All information compiled from data supplied by GSREIN and is deemed reliable, but not guaranteed.

Are you considering selling your Harvey home?  Contact Lisa Heindel for a confidential market analysis of your individual neighborhood and an online marketing plan designed to expose your home to the largest number of qualified buyers.  Today’s market demands a LOCAL expert on your side.

Related Reading:

• 4 Things to Expect From Your Agent When Selling Your West Bank Home
• Home Selling Tips - Keep Your Eye on the Bottom Line

Copyright 2008.  Lisa Heindel and West Bank Living.  All rights reserved.