West Bank Living

Terrytown and Gretna Homes for Sale as of 7/2/2008

• Zip code 70056 only
• 199 active listings, priced from $30,000 to $1,200,000
• 7 pending (offer accepted but still showing) listings, priced from $99,900 to $279,900
• 17 under contract listings, priced from $99,999 to $449,000
• Based on the June 2008 sales, there is a 14 month supply of homes for sale in Terrytown and unincorporated Gretna.  This is well above the 5-6 month supply of homes in a balanced real estate market and puts the area firmly in a buyer’s market.

Terrytown and Gretna, LA Home Sales - January 2008 through June 2008

• 14 homes were sold in June 2008, continuing the downward trend in Terrytown and Gretna sales for zip code 70056
• The average days on market for June 2008 was 58
• Quarterly sales were up in the 2nd quarter of 2008 compared to the 1st quarter, but if the current trend continues we can expect to see a drop in 3rd quarter numbers

Terrytown and Gretna Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown and Gretna Average Home Sale Price - January 2008 through June 2008

• The average sales price for homes sold in Terrytown and Gretna in June 2008 was $150,993, down from $152,289 in May 2008
• Average sales prices for 2nd quarter 2008 were up slightly to $171,401
• The average listing price in Terrytown and Gretna is $224,958, significantly higher than the average sales price and indicating that buyers are continuing to look for the best value in their price range.

Terrytown and Gretna Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Gretna or Terrytown home, please contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Terrytown and Gretna, LA 70056- June 2008 Real Estate Absorption Rates

Terrytown and Gretna, LA 70056 - Historical Real Estate Market Reports

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

JUST LISTED ~ Home for sale in Terrytown LA

This wonderful home is seeking a new owner…

581 W. Marlin Court in Terrytown, LA has everything on your wish list right down to the front porch swing to sit and relax on:

• 3 bedrooms and 2 full baths
• Large living and dining combination
• Spacious den with breakfast area
• Oversized master with private bath
• Double car attached garage
• Inground swimming pool

What’s in Terrytown?

Terrytown, LA provides many nearby amenities, such as the Terrytown Library, Oakwood Shopping Center, local dining and retail shops all along Terry Parkway and plenty of organized sports opportunities at Terrytown Playground.  Only a couple of miles from the Crescent City Connection to downtown New Orleans, Terrytown is also a great choice for military relocations with short commutes to both NAS JRB New Orleans and NSA New Orleans.

Jefferson Parish Public School Information

Jefferson Parish Parochial School Information

West Bank MOMS Club

When buying or sellimg your Terrytown home, rely on a local, professional West Bank REALTORR to guide you through the process.  Contact Lisa Heindel for more information about West Bank Living today!

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

Here is a quick look at the current real estate market in Terrytown and Gretna, LA.

• A balanced real estate market has on average a 5-6 month supply of homes for sale.  Typically, over 6 months of inventory indicates a buyers market.
• The under $160,000 price ranges are doing very well in Terrytown and Gretna, indicating a current sellers market in these popular price ranges. 
• The overall supply of homes for sale in Gretna and Terrytown edged up slightly for the third month in a row, hitting 8.9 months as of 6/18/2008.
• There is an oversupply of homes for sale in the $225,000-$250,000 range, so home sellers who fall into this category should be prepared for a possible extended marketing time.  Owners of homes in the over $300,000 price range might want to consider staging their homes to better position themselves in this tough category.

Real Estate Absorption Rates for Terrytown and Gretna as of 6/18/2008

If you are considering selling your home in Gretna or Terrytown, it’s critical to be aware of the current market environment and to understand what competition you are facing.  For local, expert advice when selling your New Orleans West Bank home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help you properly prepare and price your home for our current, challenging real estate market. 

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent 

Make Your Home the Star of the Neighborhood - Stage It!

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

May 2008 Home Sales in Terrytown and Gretna, LA (70056)

• 182 homes for sale, priced from $69,900 to $1,200,000
• 33 homes pending sale or under contract, priced from $17,000 to $449,000
• 19 homes sold in May 2008, down from 24 sold in April 2008, priced from $99,000 to $309,900
• Based on current sales rates, there is 9.6 month supply of homes for sale in Terrytown and unincorporated Gretna

• The average sale price in Terrytown and unincorporated Gretna for May 2008 was $152,289, down from $181,023 in April 2008
• The year to date average sale price is $165,948
• The current average list price is $235,013
• The average days on market for homes sold in May 2008 was 90

If you are interested in selling your Terrytown or Gretna home, be sure you use the services of an experienced West Bank REALTOR® to help you properly price and prepare your home for sale.  For a personalized market analysis of your West Bank home, please contact Lisa Heindel.

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

The overall supply of homes for sale in Terrytown and Gretna has increased slightly from the 8.2 months observed in April to the current 8.6 month supply.  Keep in mind that a balanced real estate market has a 5-6 month supply of homes for sale…more than that indicates a buyers market for the area.

Homes priced in the under $160,000 range are selling very well and sellers in this price range can feel fairly comfortable that they can sell their homes in a relatively short period of time.  This is a change from last month when the $160,000-$180,000 was also selling well.  The number of homes listed for sale has remained steady with only 1 more listing than we saw at this time last month. 

With the small number of sales occurring over $180,000, it is important for sellers to be aggressive in pricing their homes, while still remembering to make them "show ready" at all times.  Buyers have a large number of choices and are opting for homes that they perceive to be the best value in their price range.  Additionally, sellers should remain open to negotiating closing cost assistance to buyers, who are no longer able to get 100% financing.  More and more often, I’m seeing these assistance requests on mid-range priced homes since buyers are having to come up with more down payment funds.

Terrytown and Gretna, LA  70056

Data provided by Latter & Blum REALTORS® and is deemed reliable, but not guaranteed.

Remember, this report is for the entire zip code 70056.  If you would like a personalized report for your home and neighborhood, please contact Lisa Heindel, REALTOR®.  I’d be happy to help keep you up to date with your piece of the Gretna and Terrytown real estate market.

Related Reading:

Gretna and Terrytown, LA: 70056 April 2008 Home Sales and Real Estate Market Report

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed,

Copyright 2008.  Lisa Heindel, All rights reserved.