Current real estate activity in Terrytown and Gretna LA 70056:
161 homes are for sale
- High list price $899,000
- Low list price $24,900
- Average list price $210,333
- Median list price $169,900
39 homes are under contract or pending sales, priced from $53,000 to $425,000
Based on November sales (30), there is a 18.6 month supply of homes for sale in the area
Terrytown and Gretna | Number of Homes Sold | November 2009
The last couple of months have seen a substantial increase in the number of homes sold in Terrytown and Gretna, bringing the year to date number of sales to 210. Looking at the average number of homes sold each month in 2009, I would project that this year will surpass 2008 – one of the only areas on the West Bank that will record an increase in sales.
Most buyers (45.7%) are using FHA financing to purchase Terrytown homes, which means they are not purchasing homes that require substantial repairs. This is important for sellers to know when deciding what they are willing to do to prepare their homes for sale.
Terrytown and Gretna | Average Home Sale Prices | November 2009
Although the number of sales in the 70056 zip code is increasing, the average sale prices are about 5% below those of 2008. The good news is that prices are above those in 2005, our last really “normal” market on the West Bank. As is the case in every area, some communities are performing better/worse than others.
Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
All data is provided by GSREIN and is deemed reliable, not guaranteed
Terrytown and Gretna Homes for Sale
New Orleans West Bank Homes for Sale
Home buying tips
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For more information about buying or selling a West Bank home, please contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs, and have a little fun while doing it!
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Lisa,
Great market information on your area. Here in Palm Springs, we are experiencing the same thing: increased home sales but lower prices. For 2010, I anticipate that distressed properties will continue to drive the real market. Make it a great day!!!