Author Archives: Lisa

Why Are Most Real Estate Closings Scheduled For the End of the Month?

West Bank real estate

Why are so many real estate closings at the end of the month? Easy question! At the closing, the home buyer pre-pays their mortgage interest for the month. The closer to the end of the month the closing is held, the less cash the buyer has to come up with out of pocket. Pushing an…

5217 Karen Dr, Marrero LA | HOME FOR SALE

5217 Karen Dr, Marrero LA Home for Sale

FOR SALE • 3 BEDS, 2 BATHS • 1916 SF LIVING • $179,900 This 11 year old home is on a quiet, country-like street. Open floor plan with formal dining room featuring arched column architectural details and an oversized, flexible living space. The galley kitchen features a work island with sink and dishwasher, granite counters…

New Orleans Real Estate Trends | Algiers Home Prices

Average home prices in Algiers | New Orleans Real Estate

Average Home Sale Prices in Algiers | New Orleans, LA Algiers saw a pretty significant increase in average sales prices in 2014, rising by almost 15% from 2013. This is good news for home sellers who bought post-Katrina and have been upside down on their mortgages. English Turn and Lower Coast Home Sale Prices The…

Cost of FHA Loans Dropping in 2015

FHA Loan Costs Falling

Good news for home buyers on the West Bank. The premiums for FHA private mortgage insurance (required on all FHA loans) is dropping from 1.35% of a home’s value down to 0.85%. This will result in about a $900 per year savings on mortgage payments for FHA borrowers and people who refinance into an FHA insured…

2014 West Bank Real Estate Market

West Bank New Orleans homes sold 2014

New Orleans West Bank Real Estate Trends Neighborhoods included: Algiers, Belle Chasse, Gretna, Terrytown, Harvey, Marrero and Westwego Over the last couple of years, the West Bank has seen a turn around from the drops in sales and prices we saw after the post-Katrina market went crazy. Here are the combined number of properties sold and…

Walnut Bend | New Orleans West Bank Real Estate

Walnut Bend subdivision sign | Algiers, New Orleans LA

Walnut Bend Home Sales and Prices After a recovery of sorts in 2012 and 2013, prices are down significantly in Walnut Bend this year. As of the end of November 2014, the median sales price in the West Bank neighborhood stands at $90,300. This is just slightly above the 10 year low of $90,000 in 2011….

West Bank Real Estate Photo of the Week

Street tiles on Alix Street in Algiers Point

I love these old street tiles that can be found throughout Algiers Point. Dating back to the 1870s, many of the tiles have been lost or damaged over the years, but the remaining tiles are a reminder of a time when street signs weren’t just for cars. These can’t be seen by drivers, but are…

Timberlane Estates Home Sales | Gretna LA Real Estate Report

Timberlane Estates, Gretna LA

Timberlane Home Sales, Gretna LA Average home prices continue to rise in Timberlane Estates, one of the premier West Bank neighborhoods in Gretna. From October 2013 to October 2014, the average home price in Timberlane rose from $318,063 to $374,600, an increase of almost 18%. While the high sales price this year is significantly below…

What’s Your Hillcrest Home Worth? Marrero LA Real Estate

Hillcrest Subdivision, Marrero LA

Hillcrest Home Sales, Marrero LA What’s been happening in the Hillcrest subdivision in Marrero? Here’s a quick recap of home sales and trends in the real estate market. Average prices:  Down 19% from 2013 Days on market: 125 average days to sell in 2014 Price per square foot: Average of $85 in 2014 (down from…

2117 Potomac Dr, Marrero LA | HOME FOR SALE

Front view of 2117 Potomac, Marrero LA Home for Sale

FOR SALE • 3 BEDS • 2 BATHS • 1545 SF LIVING • $129,900 Nestled in the shade of beautiful, mature oak trees, 2117 Potomac Drive in Marrero is a great place to call home. From the front door, you’ll enter open and flexible living space. Need a dining room? There’s space for that. Prefer to have extra room…