Current real estate activity in Terrytown and Gretna LA 70056:
167 homes for sale
- High list price $1,590,000
- Low list price $72,000
- Average list price $249,394
- Median list price $180,000
44 pending sales, priced from $62,900 to $440,000
Based on the number of homes sold in April (14), there is a 11.9 month supply of homes for sale in the area
Terrytown and Gretna LA – Number of Homes Sold – April 2009
Zip code 70056 ended the month of April with 14 home sales, bringing the year to date total to 62, down from 85 at the same time last year. The chart below shows the 5 year trend for the area, with substantial decreases in the number of homes sold over the last 2 years.
What’s selling in Gretna and Terrytown?
Three bedroom homes remain the most popular, with 10 sold in April (the other 4 sales were of 4 bedroom homes).
What about financing? The April home sales in the area were financed as follows:
| Type of financing |
# of Sales |
| FHA | 6 |
| Cash | 4 |
| Conventional | 2 |
| VA | 1 |
| Other | 1 |
Terrytown and Gretna LA – Average Home Sale Price – April 2009
While April recorded a dramatic drop in average sale prices, it can be attributed to a couple of lower end sales of homes in need of overhauls. The year to date average of $153,975 is down about 8.8% from 2008. Take a look at the median listing price ($180,000)…this means that over half of the homes on the market are above the average price that buyers are paying today.
Now that we are more than 4 months into the year, sellers should get an updated market analysis of their homes to be sure that their pricing is still in line with what is actually selling in their neighborhood. It’s important to know that adjustments may need to be made to what are being used as comparables. In April, 21% of sellers in Terrytown and Gretna provided closing cost assistance to buyers in amounts ranging from $600 up to $8,000.
Find out what’s going on in your West Bank neighborhood with a free online market analysis
All data provided by GSREIN and is deemed reliable, but not guaranteed
Related Reading:
- Terrytown and Gretna homes for sale
- 5 Dos and Don’ts for Home Sellers
- Terrytown/Gretna market reports
Are you considering buying or selling a home in Gretna or Terrytown? The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
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