New Orleans West Bank Home Sales by Neighborhood

November 17, 2008 by Lisa Heindel
Filed under Blog, Market Updates

Almost without fail, after the monthly West Bank real estate market reports come out someone contacts me about their particular neighborhood. I’d love to be able to do monthly reports on every subdivision, but the West Bank is pretty big and I do need a little time sell a house or two now and then.

The chart below shows the October 2008 home sales for a few of the most popular communities. If you don’t see yours here, drop me an email and I’ll be happy to add it.

Subdivision	# Active Listings	# Pending Sales	# Homes Sold	Average Listing Price	Average Sold Price
Tall Timbers	17	3	0	$246,408	N/A
Bocage	17	1	1	$178,500	$195,500
Park Timbers	9	2	0	$264,355	N/A
Walnut Bend	11	3	2	$183,881	$126,000
Barkley Estates	10	2	1	$424,960	$290,000
Plantation Estates	4	2	1	$347,500	$284,000
Bent Tree	7	3	4	$215,000	$160,500
Springwood	8	1	0	$510,725	N/A
Village Green	5	0	1	$238,380	$190,000
Stonebridge	36	3	6	$319,750	$395,000
Timberlane	17	3	1	$359,000	$220,000
Magnolia Trace	4	0	0	$372,500	N/A
The Residence	3	0	0	$471,900	N/A

All information provided by GSREIN and is deemed reliable, but not guaranteed. The number of active listings and pending sales are as of 11/17/2008. Sold data is for the month of October, 2008.

The most interesting thing to me is the wide gap in most neighborhoods between the average listing price and the average sold price. If you are a seller wondering why your West Bank home hasn’t sold, here’s your sign.