Harvey LA 70058 | February 2010 Home Sales and Real Estate Market Statistics

Current real estate activity in Harvey LA 70058:

152 single family homes are currently for sale

• High list price $539,000
• Low list price $500 (HUD property with pre-existing liens on it)
• Average list price $180,946
• Median list price $148,000

52 homes are under contract or pending sale, priced from $50,301 to $339,000

Based on the number of homes sold in February (13), there is a 11.7 month supply of homes for sale in the area

Harvey LA 70058 | Number of Homes Sold | February 2010

Year to date, there have been 28 single family homes sold in Harvey, compared to 20 at the same time last year (an increase of 40%).

Average days on market for homes sold in February was 38, bringing the year to date average to 64 days.  Compare this to the average days on market for active listings of 115 and I expect that we will see this number rise over the coming months as homes that have been on the market longer begin to sell.

Harvey LA 70058 | Average Single Family Home Prices | February 2010

The average Harvey home price took a jump in February, bringing the year to date average to $142,100.  Part of the drop in prices when compared to 2009 can be attributed to the fact that 25% of the sales so far this year were of properties in Fair or Poor condition.  Homes in excellent condition are continuing to command higher prices.

Get up to date information on listings and sales in your West Bank neighborhood

Some more details about February 2010 home sales in Harvey:

• 6 homes were in Excellent condition, 3 homes in Average condition, 2 homes in Fair condition, 1 home in Very Good condition and 1 home in Poor condition
• 46% of the homes sold were bank owned or foreclosure properties
• 31% of sellers paid for a home warranty for the buyers
• 38% of sellers provided some type of closing cost assistance to the purchasers

All data is provided by GSREIN and is deemed reliable, but not guaranteed

Related Articles:

Home buying tips
Home selling tips
Homes for sale in Harvey LA
West Bank Real Estate Market Statistics

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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!

Terrytown and Gretna LA 70056 | February 2010 Home Sales and Real Estate Market Statistics

Current real estate activity in Terrytown and Gretna LA 70056:

172 homes are for sale

• High list price $1,200,000
• Low list price $24,900
• Average list price $215,009
• Median list price $169,000

36 homes are under contract or pending sale, priced from $70,312 to $449,900

Based on the number of Terrytown/Gretna homes sold in February (13), there is a 13.2 month supply of homes for sale in the community

Terrytown and Gretna LA 70056 | Number of Homes Sold | February 2010

Although the number of home sold dropped from January to February, year to date there have been 33 single family home sales, up from 28 at the end of February 2009.  With 36 pending sales, it looks like the area is off to a good start in 2010.  It remains to be seen if the volume will be sustainable after the first time home buyer tax credit ends on April 30th, so we will continue to track activity in the community.

Average days on market for homes sold in 2010 is now at 80.  As older inventory is cleared out, I expect this number to go up since the average days on market for active listings is currently 143 days.

Terrytown and Gretna LA 70056 | Average Single Family Home Sale Prices | February 2010

Prices took a jump in February, bringing the year to date average to $161,852. This is a slight increase over the 2009 average.  Again, we will have to track ongoing activity to determine if this is a true increase in sale prices.

Some more facts about Terrytown and Gretna home sales in February:

• Condition of homes was varied, with 5 homes sold in Excellent condition, 3 homes in Average condition, 3 homes in Fair condition and 2 homes in Very Good condition
• 39% of the homes sold were bank owned or foreclosure properties
• 31% of sellers paid for a home warranty for the buyers
• 23% of sellers provided some type of closing cost assistance to the purchasers
• FHA remains the most popular choice in home purchase financing

Related Articles:

Home buying tips
Home selling tips
Homes for sale in Terrytown and Gretna LA
West Bank Real Estate Market Statistics

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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!

City of Gretna LA 70053 | February 2010 Home Sales and Real Estate Market Statistics

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.

Related Articles:

Home buying tips
Home selling tips
Homes for sale in Gretna LA
West Bank Real Estate Market Statistics

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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!

Most Expensive Homes sold on the West Bank of New Orleans in 2009

While it seems like everyone is moaning and groaning about the real estate market, there are still folks buying in the luxury price ranges.  Not as many as in years past, but there is still a small market for these homes.

I thought it would be fun to take a quick look back at the most expensive home sales on the West Bank for 2009. These prices may not seem so high to people relocating from either coast and they represent the good value that real estate in New Orleans offers when compared to other metropolitan areas.

13864 Highway 24 in Belle Chasse, LA
List price: $1,700,000
Sold price: $1,168,000
Luxury living in a rural area, this home featured 5 bedrooms, 4 baths and over 8,000 square feet of living area on over 3 acres of land in Plaquemines Parish.  The list goes on and on, with a 1,500 square foot guest house, a 12 car garage, barn, orange orchards and more.

113 Victoria Drive in Belle Chasse, LA
List price:  $1,400,000
Sold price:  $975,000
Closer to the city, Victoria Drive has 6 bedrooms, 6 1/2 baths and over 7,600 square feet of living area.  An inground pool, cabana with kitchen and bath and over 2 acres of land rounded out this gorgeous home less than 10 miles from downtown New Orleans.

Search Belle Chasse LA homes for sale

61 English Turn Drive in New Orleans (Algiers), LA
List price: $1,275,000
Sold price: $950,000
So what did $950k buy?  How about 6 bedrooms, 6 1/2 baths and over 8,000 square feet of living area on a 3/4 acre golf course lot in a gated community.  Throw in an inground pool and you’ve got a fantastic deal on a beautiful piece of West Bank real estate within the city limits of New Orleans.

Search homes for sale in Algiers 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!

All sales information was obtained from GSREIN and is deemed reliable, but not guaranteed.  The West Bank Living team did not represent any buyer/seller in these transactions.

English Turn | January 2010 Home Sales and Real Estate Market Reports

Current real estate activity in English Turn (New Orleans, LA):

30 single family homes for sale

• High list price $1,799,000
• Low list price $399,000
• Average list price $704,067
• Median list price $549,000

2 homes are under contract or pending sale, priced from $469,000 to $499,000

Based on January sales (2), there is a 15 month supply of homes for sale in Belle Chasse

English Turn | Number of Home Sales | January 2010

English Turn started the year with 2 homes sold in January, surpassing January sales in both 2009 and 2008.

The few bank owned properties in English Turn have sold, so now the rest of the inventory is starting to be cleared. As a result, I anticipate days on market will rise (see the sharp uptick in January) as homes that have been on the market for an extended period of time are sold.

English Turn | Average Home Sale Prices | January 2010

The January average sale price in English Turn was $508,500, up from the 2009 average of $492,938.  As we move further into the year, we will have a better handle on whether this is a blip or a trend in the market.

Because of the price range of these luxury homes, conventional financing was used for both purchases.  Sellers did not provide any closing cost assistance to the buyers, but 1 seller did provide a home warranty for the purchaser.

Related Articles:

Home buying tips
Home selling tips
Algiers homes for sale
West Bank Real Estate Market Statistics

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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!

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