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:
Gretna LA homes for Sale
New Orleans West Bank Homes for Sale
Home Buying Tips
Home Selling Tips
Have a real estate question? The West Bank Living Team has answers. Feel free to drop us a line or give us a call.
Gretna LA 70053 | September 2009 Home Sales and Real Estate Market Reports
October 16, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in Gretna LA 70053:
53 homes for sale
- High list price $287,100
- Low list price $24,900
- Average list price $148,388
- Median list price $135,000
15 homes are under contract or pending sale, with an average list price of $142,841
Based on the number of homes sold in September 2009 (9), there is a 5.9 month supply of homes for sale in Gretna (a balanced real estate market).
Gretna LA 70053 | Number of Homes Sold | September 2009
Year to date, Gretna has seen 54 successful home sales, compared to 59 at the same time last year. Not bad, when the majority of the West Bank has seen the number of sales drop substantially from 2008 to 2009.
The average Gretna home sold in September had 3 bedrooms, 2 baths, 1373 square feet of living area and was on the market for 46 days. Homes priced right and in the best possible condition can still sell quickly!
The best news for Gretna is that the supply and demand of homes is in balance at this time. That could change quickly if a large number of homes come on the market for sale, but for now it’s one of the most stable markets on the West Bank of New Orleans.
Gretna LA 70053 | Average Home Sale Prices | September 2009
While the number of Gretna homes sold is holding fairly steady, the average sale price has dropped by 7% from 2008. This is still not nearly as dramatic of a decrease as some other communities on the West Bank have experienced. The first time home buyer tax credit is about to expire, so it will be interesting to see if the average prices increase or decrease when that option is no longer available.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
Questions? Contact the West Bank Living Team. It would be our pleasure to assist you with any of your West Bank real estate needs.
Gretna LA 70053: August 2009 Home Sales and Real Estate Market Reports
September 22, 2009 by Lisa Heindel
Filed under City of Gretna, Market Updates
Current real estate activity in Gretna LA 70053:
61 homes for sale
- High list price $280,000
- Low list price $42,000
- Average list price $147,847
- Median list price $139,000
14 homes are pending sale, priced from $52,000 to $287,100
Based on the number of homes sold in August (3), there is a 20 month supply of homes for sale in the area
Gretna LA 70053 | Number of Homes Sold | August 2009
With 3 sales closed in August, Gretna has had a total of 45 homes sold in 2009. How does this compare to 2008? August 2008 had 9 sales and at this time last year there were a total of 56 homes sold year to date. This is a decrease of over 19% in the number of sales.
Gretna LA 70053 | Average Home Sale Price | August 2009
The average home sale price dropped significantly from July to August, but most of that drop is caused by the sale of a home in poor condition for only $20,000. Year to date, the average home sale price is $134,410, down 7.7% from the 2008 average.
What sold in Gretna?
| Address | Beds/Baths | Listing Price | Sold Price | Days on market |
| Van Trump | 2/1 | $24,900 | $20,000 | 36 |
| 4th | 2/1 | $119,000 | $115,000 | 27 |
| Beauregard | 3/2 | $189,800 | $193,000 | 9 |
All data provided by GSREIN and is deemed reliable, but not guaranteed
Are you considering buying or selling a home in Gretna LA? You might also be interested in this information:
Search all Gretna LA homes for Sale
Search all New Orleans West Bank Homes for Sale
Home Buying Tips
Home Selling Tips
Contact the West Bank Living Team for more information today!
