Belle Chasse LA 70037 | October 2009 Home Sales and Real Estate Market Trends

Current real estate activity in Belle Chasse LA:

49 homes for sale

• High list price $900,000
• Low list price $78,800
• Average list price $348,235
• Median list price $320,000

9 homes are under contract or pending sale, priced from $59,900 to $1,300,000

Based on the number of homes sold in October (6), there is a 8.17 month supply of homes for sale

Belle Chasse LA | Number of Homes Sold | October 2009

Home sales in Belle Chasse continue to hold steady, with 6 homes sold in October. This brings the year to date total number of single family homes sold to 56, compared to 66 at the same time in 2009.  With 9 homes currently under contract, it looks like we will end the year with about 10% fewer sales than last year.
Financing choices continue to be spread out, with 2 FHA sales, 2 conventional sales and 2 cash sales recorded in October.  Interestingly, VA loans have been used in only 17.8% of Belle Chasse home sales this year, despite the fact that NAS JRB New Orleans is located in the area.  More than likely, it is because the majority of incoming military families are looking for housing that is a little more affordable than that offered in the Belle Chasse community.

Belle Chasse LA | Average Home Sale Prices | October 2009

While there was a spike in the average sale price in October due to a $975,000 sale, the year to date average of $273,742 is down 17.45% from 2009.  The good news is that the year to date average is well above that of 2005, so unless you purchased your Belle Chasse home in 2006-2008, the odds are good that you have increased your equity in your home.

Of course, all neighborhoods are performing differently, so if you would like a report of recent sales and listings in yours, sign up for your free Market Snapshot.

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

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The West Bank Living Team provides professional buyer and seller representation on the West Bank of New Orleans.  Please feel free to call or email us with any of your real estate questions.