Current real estate market statistics for the City of Gretna as of October 8, 2008:
- 55 active listings, priced from $32,500 to $289,000
- Average list price is $155,584
- 1 home is pending sale but continuing to show, priced at $129,900
- 10 homes are under contract, priced from $35,000 to $221,000
- Based on September sales, there is over a 2 year supply of homes for sale in Gretna – this is a huge change from the past few months when Gretna had a mostly balanced real estate market.
Gretna LA 70053 – Number of Homes Sold September 2008
Of the 8 pending sales at the beginning of September, only 2 made it to a successful close. Reasons for contracts failing vary from inability to get final loan approval to inspection issues to appraisals coming in lower than the purchase price. Most of the cancellations that I have seen recently have been due to the fact that mortgages are becoming harder to get and programs that may have existed when a buyer started their home search have been canceled by the time they find the right property.
Gretna LA 70053 – Average Home Sale Price September 2008
While the average sale price for September was down substantially, remember that it is based on only 2 sales. The year to date average home sale price in Gretna is $149,129, a slight increase over the 2007 average and close to the current average list price of $155,584.
Do you need advice on how to prepare and price your Gretna home for sale? Contact Lisa Heindel, your West Bank real estate specialist. I’d be happy to share my marketing plan and give you honest information about the market in your neighborhood.
All information supplied by GSREIN and is deemed reliable, but not guaranteed.
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
