Gretna LA 70053: April 2009 Home Sales and Real Estate Market Reports

Current real estate activity and homes for sale in Gretna LA:

54 homes for sale in Gretna 70053

• High list price $329,000
• Low list price $32,900
• Average list price $157,990
• Median list price $148,500

19 pending sales, priced from $19,900 to $287,000

Based on the number of homes sold in April (8), there is a 6.75 month supply of homes for sale, just a touch above a balanced real estate market supply of 5-6 months.

Gretna LA 70053 – Number of Homes Sold – April 2009

Home sales in Gretna have been trending upward in 2009, ending April with a total of 20 homes sold year to date (compared to 18 at the same time last year).

What sold in April?

• The low sale price in April was $18,700 for a 2 bedroom, 1 bath cottage in McDonoghville that was in need of renovation
• The high sale price in April was $226,000 for a 4 bedroom, 2 bath home in Garden Park

3 of the 8 closed April sales happened in less than 30 days, proving that homes that are priced right can and will sell quickly.

Gretna LA 70053 – Average Home Sale Price – April 2009

The average Gretna home sale price dropped off in April, bringing the year to date average to $142,001 (down less than 3% from 2008).

However, if we take a look back in time, we’ll see that prior to 2005 the average sale price was less than $110,000.  Sellers who have owned their homes longer than 5 years are in the best position to negotiate for a profit from the sale of their home – provided they are in the best condition and priced to reflect market values in their neighborhood.

Also of note is that 50% of the sales in April involved the seller providing closing cost assistance to the purchaser.  This is becoming more of the norm in our market with higher down payments being required by lenders.

All information provided by GSREIN and is deemed reliable, but not guaranteed.

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