West Bank Living

Harvey, LA Homes for Sale as of 7/2/2008

• 214 active listings, priced from $50,000 to $1,400,000
• 3 pending (offer accepted but still showing) listings, priced from $24,900 to $318,000
• 49 under contract listings, priced from $20,000 to $359,000
• Based on June 2008 sales, there is a 9.73 month supply of homes for sale in Harvey, above the 5-6 month supply of a balanced real estate market.  If you are considering selling your Harvey home, be sure to price it competitively and have it in tip-top condition before putting that sign in your yard.  Read more home seller tips.

Harvey, LA Homes Sales - January 2008 through June 2008

• 22 homes were sold in Harvey in June 2008, compared to 17 in May 2008
• Average days on market for homes sold in June was 78
• The number of closed sales remained flat from 1st quarter 2008 to 2nd quarter 2008 

Harvey, LA Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Harvey, LA Average Home Sales Price - January 2008 through June 2008

• The average home sales price for Harvey in June 2008 was $153,823, compared to the May 2008 average of $141,012.
• The average sales price for 2nd quarter 2008 was down to $139,240 compared to the 1st quarter 2008 average of $169,430
• The average list price in Harvey is $219,268, significantly higher than the average sales prices

Harvey, LA Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Harvey home, contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Harvey, LA 70058- June 2008 Real Estate Absorption Rates

Harvey, LA 70058 - Historical Real Estate Market Reports

Choosing a Tech Savvy REALTORR to Sell Your West Bank Home

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 Harvey, 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 $80,000 price ranges are doing very well in Harvey, indicating a current sellers market in these popular price ranges. 
• The overall supply of homes for sale in Harvey rose from 9.3 in May to the current 11.4 months of inventory. 
• Most price ranges in Harvey are indicative of a buyer’s market at this time, which is no big surprise for those of you who have been following the market

Real Estate Absorption Rates for Harvey, LA as of 6/18/2008

If you are considering selling your home in Harvey, 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:

Harvey, LA- May 2008 Home Sales and Real Estate Market Report

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 Single family home sales in Harvey, LA

• 200 homes for sale in Harvey as of 6/2/2008
• 56 homes pending sale or under contract, priced from $69,900 to $305,900
• 17 homes sold in May 2008, priced from $37,000 to $335,000, up from the 12 sold in April
• Based on current sales, there is a 11.8 month supply of homes for sale in Harvey, well above the 5-6 month supply in a balanced real estate market

• The average home sale price in Harvey for May 2008 was $141,012, up from $118,246 in April
• The year to date average home sale price in Harvey is $153,509
• The average home list price in Harvey is $219,159
• The average days on market for homes sold in May 2008 was 62

Harvey homes are continuing to sell, but at a rate of about 50% fewer per month that at the same time in 2007.  Working with an experienced West Bank REALTOR® who can help with preparation and pricing is imperative to achieve success in our current market.  For a detailed market analysis of your Harvey 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 Harvey has increased from the 8.7 months observed in April to the current 9.3 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 $100,000 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.  The $100,000-$140,000 range has slowed slightly, but is still performing.  The number of homes listed for sale has remained steady with 5 fewer listings than we saw at this time last month. 

The most active price range is $120,000-$180,000, so sellers in this range need to not only be aggressive in pricing their homes, they also need to remember 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.  Also, 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.

Harvey, LA  70058

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

Remember, this report is for the entire zip code 70058.  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 Harvey real estate market.

Related Reading:

Harvey, LA: April 2008 Home Sales and Real Estate Market Report

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

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.

It’s been awhile since I posted about The Residence at Park Avenue, one of my favorite townhouse communities on the West Bank of New Orleans.  Boy, has the market changed! 

Back in January, there were only 3 available units for sale.  Since the last sale in this gem of a neighborhood was in 2006, it looked like a great buying opportunity for some lucky somebody.  Well, now there are 9 available units, including 3 that are brand new construction.  At least one of the available units has been discounted over $30,000 since the initial listing!

Priced from the low $300s to the upper $500s, there are more choices available to buyers than since the community was initially developed in 2003.  Now is the time to consider living in luxury with amenities such as:

• Gated, restricted access
• Private clubhouse and exercise room
• Heated pool and hot tub
• Private courtyards
• Home owner fees that include lawn care

For your private tour of the The Residence, contact Lisa Heindel, REALTOR®, a West Bank real estate specialist.  I’d love to help you find your next place to call home.

Related Reading:

5 Steps to Buying Your New Orleans West Bank Home

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.

Copyright 2008.  Lisa Heindel, All rights reserved.