City of Gretna LA 70053 | February 2010 Home Sales and Real Estate Market Statistics
March 9, 2010 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in the City of Gretna:
61 single family homes are for sale
- High list price $409,000
- Low list price $45,000
- Average list price $158,928
- Median list price $145,000
10 homes are under contract or pending sale, priced from $37,500 to $165,000
Based on February sales (3), there is a 20 month supply of homes for sale in Gretna
Gretna LA 70053 | Number of Homes Sold | February 2010
The 3 Gretna home sales that were recorded in February were all properties in need of major repairs, pretty much the type of listings that only attract investors with cash because the condition of the homes are so poor. Otherwise, the city is on target with 6 sales year to date, compared to 7 at the same time last year.
Days on market dropped to 72, but again, remember that these investor properties sold faster than the typical home in the area. It may take a couple of months for the averages to balance out and give a truer picture of the market, especially given that the average days on market for active listings is currently at 143.
Gretna LA 70053 | Average Single Family Home Sale Price | February 2010
The average sale price took a big hit in February due to the condition of the properties sold. This should not be considered a real average for the area. Average sale prices will balance out over the year as more owner occupant homes are sold. If you are interested in receiving information on current listings and sales in your neighborhood, we provide free online reports of real estate activity in your West Bank neighborhood.
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Homes for sale in Gretna LA
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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Gretna LA 70053 | January 2010 Home Sales and Real Estate Market Statistics
February 10, 2010 by Lisa Heindel
Filed under City of Gretna, Market Updates
Real estate activity in Gretna LA 70053 as of 2/10/2010:
57 homes are for sale in Gretna, 70053
- High list price $409,000
- Low list price $45,000
- Average list price $153,403
- Median list price $139,900
11 homes are under contract or pending sale, priced from $29,900 to $169,900
Based on the number of homes sold in January (3), there is a 19 month supply of homes for sale in the area
Gretna LA 70053 | Number of Single Family Homes Sold | January 2010
Gretna started off 2010 with a total of 3 home sales in January, compared to 4 in January 2009. With the first time home buyer tax credit extended, I would expect that we will see an increase in buying activity once we get past Mardi Gras.
Because buyers must have a home under contract by April 30th to take advantage of the credit, there is a short window between the end of Carnival and the deadline for choosing a home. If you are considering selling during this time, be sure that you have taken care of all of the little details in preparing your home to show and that you are priced right to attract the most attention during the marketing process.
Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
Average days on market for homes sold during January was 98. Average days on market for active listings is 147, so I would expect to see that number rise during the year as some of the older inventory is cleared out.
Gretna LA 70053 | Average Single Family Home Prices | January 2010
The average single family home sale price jumped to $191,000 in January due to a couple of sales in the Garden Park neighborhood. Remember, there were only 3 sales, so the numbers can be greatly skewed by just one or two of them. It will take at least until March or April before we have a good feel for the trends for this year.
FHA financing made up 2 of the 3 Gretna homes sales in January. Because of the tightening of credit restrictions across the board, I anticipate that will continue to be the case through 2010.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Gretna LA 70053 | 2009 Real Estate Year in Review
January 7, 2010 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in the City of Gretna:
57 homes are for sale in the 70053 zip code
- High list price $409,000
- Low list price $29,900
- Average list price $149,500
- Median list price $139,900
8 homes are under contract or pending sale, priced from $49,900 to $255,000
Based on December sales (4), there is a 14.25 month supply of homes for sale in Gretna
Gretna LA 70053 | Number of Homes Sold | December 2009
Good news for Gretna! The number of homes sold in the city increased from 2008 to 2009. Granted, it’s a small increase, but not many communities can make the same claim.
In 2009, sales in Gretna made up 5.5% of the West Bank real estate market, with 78 of the 1,429 homes sold in the area.
How Does Gretna compare to the rest of the West Bank?
| Gretna | West Bank | |
| Active listings | 57 | 1,132 |
| Average list price | $149,500 | $192,467 |
| Average days on market (actives) | 167 | 141 |
| Homes sold in 2008 | 78 | 1,429 |
| Average days on market (solds) | 81 | 141 |
The average days on market for homes sold in Gretna dropped in 2009, after taking a huge jump in 2008. The average of 81 days is the best on the West Bank, equaled only by Harvey. Remember, this is just an average. The home on the market the longest in 2009 sold in 362 days – almost an entire year, while the fastest sale was in only 1 day.
Gretna LA 70053 | Average Home Sale Prices | December 2009
The good news about sales in Gretna, unfortunately, doesn’t extend to prices. After recording one of the only increases in 2008, there was a 4.7% decline in average home prices in 2009, dropping to $138,848.
Prices in Gretna continue to be below the West Bank average, presenting a wonderful opportunity for buyers who are trying to find a home before the tax credit expires. Sellers, depending on when you purchased your home, may not be in a good position right now. Your homes value still depends on how your particular neighborhood is performing. Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
| Gretna | West Bank | |
| 2009 Average sale price | $138,848 | $156,546 |
| Average listing price | $146,373 | $192,467 |
Other items of note:
- FHA continues to be the most popular financing choice in Gretna, with conventional financing coming in 2nd
- 38% of seller provided some type of closing cost assistance to the buyers – tracking right along with the FHA financing choice made by buyers with smaller down payments and cash reserves
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Reading:
For more information about home buying or selling in Gretna or a relocation to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Gretna LA 70053 | November 2009 Home Sales and Real Estate Market Reports
December 30, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in the City of Gretna:
57 homes are for sale in Gretna
- High list price $409,000
- Low list price $34,900
- Average list price $149,947
- Median list price $139,900
7 homes are pending sale or under contract, listed from $49,900 to $255,000
Based on November sales (11), there is a 5.18 month supply of homes for sale in Gretna
Gretna LA 70053 | Number of Homes Sold | November 2009
Great news for Gretna…home sales have now exceeded the number of sales in 2008, with another month of closings to go! More good news is that the inventory of 5.18 months shows a balanced real estate market for the city that has worked so hard to improve the quality of life for its residents with community events that surpass those of most West Bank neighborhoods.
Gretna LA 70053 | Average Home Sale Prices | November 2009
The opposite end of the spectrum is the average housing price in Gretna. It has fallen off almost 5% from the 2008 average – still not as dramatic a drop as other parts of the West Bank. Remember, this is an average of all single family home sales in Gretna.
Want to keep up with active listings and sales in your area? 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, but not guaranteed
Gretna LA Homes for Sale
New Orleans West Bank Homes for Sale
Home buying tips
Home selling tips
For more information about home buying or selling in the City of Gretna, 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!
Gretna LA 70053 | October 2009 Home Sales and Real Estate Market Reports
November 20, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in Gretna LA 70053:
51 homes are for sale
- High list price $275,500
- Low list price $42,900
- Average list price $147,731
- Median list price $131,000
12 homes are under contract or pending sale, priced from $52,000 to $240,000
Based on the number of homes sold in October (8), there is a 6.38 month supply of homes for sale in Gretna, which is just about a balanced real estate market.
Gretna LA 70053 | Number of Homes Sold | October 2009
The year to date number of homes sold in Gretna as of October 2009 is 62, compared to 65 at the same time last year. Gretna is one of the only markets on the West Bank of New Orleans that has not had a dramatic drop in the number of home sales from 2008 to 2009.
Given the recent amount of activity in the community, I would anticipate that we will equal or exceed the number of homes sold in 2008. While it is not a return to pre-Katrina levels, it appears that the market is balancing out supply and demand.
Gretna LA 70053 | Average Home Sale Prices | October 2009
The average price of homes sold in the City of Gretna in 2009 is now at $137,680, compared to $145,701 in 2008 (a decrease of 5.5%). Again, this is a better performance than many other areas of the West Bank, where some neighborhoods have experienced value drops of more than 20%.
All data provided by GSREIN and is deemed reliable, but not guaranteed.
You may also be interested in:
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Have a real estate question? The West Bank Living Team has answers. Feel free to drop us a line or give us a call.
