Gretna LA 70053: May 2009 Home Sales and Real Estate Market Reports
June 19, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in Gretna LA 70053:
51 homes for sale
- High list price $289,000
- Low list price $35,000
- Average list price $156,954
- Median list price $149,000
16 pending sales, priced from $50,520 to $329,000
Based on the number of homes sold in May (4), there is over a year’s supply of homes for sale in the city limits of Gretna
Gretna LA 70053 – Number of Homes Sold – May 2009
Year to date, there have been 24 homes sold in the City of Gretna, compared to 28 at the same time last year. I’m very surprised to see the number drop off in May, which is historically an active month for home sales on the West Bank. The saving grace is the number of pending sales (16) although typically only a percentage of those will actually make it to a successful closing.
What sold in Gretna?
| Address | Beds/Baths | Condition | List Price | Sold Price |
| Van Trump | 2/1 | Poor | $19,900 | $9,000 |
| Weyer | 3/1 | Excellent | $121,900 | $115,000 |
| Hamilton | 3/2 | Excellent | $169,000 | $142,000 |
| Marie | 3/2 | Excellent | $258,900 | $234,000 |
Gretna LA 70053 – Average Home Sale Price – May 2009
The average home sale price in Gretna keeps jumping around from month to month due to the diversity of the homes available in the area. Year to date, the average price is $139,167, the lowest in the last 5 years and significantly below the current average and median list prices.
What does this mean to sellers?
A years supply of inventory puts the city squarely in a buyer’s market. But, that does not mean that buyers are going to get a home for pennies on the dollar. Despite the peaks and valleys, Gretna real estate has held steady value over the last few years while other West Bank communities haven’t been so lucky.
Home sellers still need to price their home competitively, have it in the best possible condition and make it easy to show. Get this week’s Gretna real estate market snapshot.
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
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Are you considering buying or selling a home in Gretna? The West Bank Living Team provides local, professional real estate services to buyers, sellers and military personnel relocating to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
Gretna LA 70053: April 2009 Home Sales and Real Estate Market Reports
May 18, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity and homes for sale in Gretna LA:
54 homes for sale in Gretna 70053
- High list price $329,000
- Low list price $32,900
- Average list price $157,990
- Median list price $148,500
19 pending sales, priced from $19,900 to $287,000
Based on the number of homes sold in April (8), there is a 6.75 month supply of homes for sale, just a touch above a balanced real estate market supply of 5-6 months.
Gretna LA 70053 – Number of Homes Sold – April 2009
Home sales in Gretna have been trending upward in 2009, ending April with a total of 20 homes sold year to date (compared to 18 at the same time last year).
What sold in April?
- The low sale price in April was $18,700 for a 2 bedroom, 1 bath cottage in McDonoghville that was in need of renovation
- The high sale price in April was $226,000 for a 4 bedroom, 2 bath home in Garden Park
3 of the 8 closed April sales happened in less than 30 days, proving that homes that are priced right can and will sell quickly.
Gretna LA 70053 – Average Home Sale Price – April 2009
The average Gretna home sale price dropped off in April, bringing the year to date average to $142,001 (down less than 3% from 2008).
However, if we take a look back in time, we’ll see that prior to 2005 the average sale price was less than $110,000. Sellers who have owned their homes longer than 5 years are in the best position to negotiate for a profit from the sale of their home – provided they are in the best condition and priced to reflect market values in their neighborhood.
Also of note is that 50% of the sales in April involved the seller providing closing cost assistance to the purchaser. This is becoming more of the norm in our market with higher down payments being required by lenders.
All information provided by GSREIN and is deemed reliable, but not guaranteed.
You might also be interested in:
- Gretna LA homes for Sale
- West Bank Homes for Sale
- Find out what’s going on in your West Bank neighborhood - FREE online market analysis
Considering buying or selling a home in Gretna LA? The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
Gretna LA 70053: March 2009 Home Sales and Real Estate Market Reports
April 17, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in Gretna LA 70053:
57 active listings
- High list price $359,000
- Low list price $42,900
- Average list price $158,380
- Median list price $148,000
16 pending sales, priced from $19,900 to $250,000
Based on the number of homes sold in March (5), there is a 10 month supply of homes for sale in Gretna
Gretna LA 70053 – Number of Homes Sold March 2009
The City of Gretna recorded 5 closed sales in March, bringing the year to date total to 12, compared to 16 at the same time last year. Sales were across every spectrum, from new construction to properties in poor condition that need complete rehab.
The loan of choice for March was conventional, with 60% of the sales being financed that way. Since conventional loans are the hardest to get right now, these were well qualified buyers.
What did these buyers choose? 1 two bedroom home, 3 three bedroom homes and 1 four bedroom home were sold. Days on market ranged from 0 to 362, with an average of 137 days.
Gretna LA 70053 – Average Home Sale Price March 2009
The average home sale price in Gretna for March was $158,600, but this was impacted by the sale of a property in poor condition for $42,000. The median sale price (half sold for more, half sold for less) was $185,000. Year to date, the average sale price if $151,451, up 4% from the 2008 average.
Have we seen the bottom?
We won’t know that for sure until we continue to experience higher sale prices, but we have had buyers miss out on the homes they chose recently because there were competing, higher offers received on the properties at the same time. Between the low interest rates, the first time buyer tax credit and the bargain prices, it’s time to get off the fence and find that new home!
All data provided by GSREIN and is deemed reliable, but not guaranteed.
- Search Gretna LA homes for Sale
- All City of Gretna Real Estate Market Reports
- 2009 First Time Home Buyer Tax Credit FAQ
- Find out what’s going on in your West Bank neighborhood with a free online market analysis
Considering buying or selling a home in Gretna LA? Contact the West Bank Living Team. We provide local, professional real estate services with both buyer and seller specialists dedicated to meeting your real estate goals. It would be our pleasure to assist you.
Gretna LA 70053: February 2009 Home Sales and Real Estate Market Reports
March 12, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Gretna LA: Current real estate market activity
- 46 active listings, priced from $49,900 to $279,000
- Average listing price $153,092
- Median listing price $147,000
- 11 pending sales, priced from $42,000 to $260,000
- Based on the number of homes sold in February (3), there is a 15 month supply of homes for sale in Gretna
Gretna LA – Number of Homes Sold February 2009
Like most other neighborhoods on the West Bank, the number of home sales in Gretna is down from this time last year (7 in 2009 vs 13 in 2008). May through August were the most active months for Gretna in 2008 and this slow start doesn’t give me any reason to think that 2009 will be any different, especially since the number of homes being sold has dropped each of the last two years.
If you are a seller getting your home ready to go on the market, it’s a good time to read Are You REALLY Ready to Sell Your West Bank Home?
Gretna LA – Average Home Sale Price February 2009
Prices are holding steady in Gretna, which hasn’t experienced the wild ups and downs of many other communities and is one of the only places where I’m not seeing a year over year decrease in average home values.
Sellers are getting an average of 92% of their asking price with an average of 31 days on the market. It’s important to note that the current active listings have been on the market for an average of 117 days, indicating that price adjustments may be needed.
For sellers in those higher price ranges, there are fewer buyers who not only can qualify under today’s stricter lending guidelines but also can come up with the increased FHA down payments. In order to attract buyers to make an offer on a higher end home, you’ll want to read and implement some of my home selling tips.
If you are considering buying or selling a home in Gretna, please contact the West Bank Living Team. It would be our pleasure to assist you.
- Gretna LA homes for Sale
- All City of Gretna Real Estate Market Reports
- Find out what’s going on in your West Bank neighborhood with a free online market analysis
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
The West Bank Living Team provides professional real estate services to buyers and sellers on the West Bank of New Orleans. For all of your real estate needs, please contact us today.
Gretna LA 70053: January 2009 Home Sales and Real Estate Market Reports
February 16, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Starting fresh for 2009, here is a quick look at the Gretna LA real estate market:
Homes for Sale in Gretna LA
- 44 active listings
- High price: $279,000
- Low price: $53,900
- Average price: $150,358
- Median price: $147,000
Pending home sales in Gretna LA
- 13 homes are pending sale
- High price: $221,000
- Low price: $35,000
Homes sold in Gretna LA - January 2009
- 4 homes sold
- High sales price: $280,000
- Low sales price: $49,000
- Average sales price: $127,250
All data provided by GSREIN and is deemed reliable, but not guaranteed
Are you considering buying or selling a home in Gretna? Contact the West Bank Living Team. It would be our pleasure to assist you.
Gretna LA homes for Sale
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