West Bank Living

Marrero LA Homes for Sale as of 7/2/2008

• 275 active listings, priced from $64,000 to $1,600,000
• 14 pending (offer accepted but still showing) listings, priced from $114,900 to $249,900
• 1 open predication offer, priced at $165,000
• 50 under contract listings, priced from $54,900 to $357,400
• Based on June 2008 sales, there is a 9.8 month supply of homes for sale in Marrero, still above the 5-6 month supply of a balanced real estate market and indicating that Marrero represents some great opportunities for qualified buyers.

Marrero, LA Home Sales - January 2008 through June 2008

• 28 homes were sold in Marrero in June 2008, compared to 35 sold in May
• Days on market for June ranged from 3 to 342, with an average of 99
• Marrero home sales in the 2nd quarter of 2008 were down slightly from the 1st quarter

Marrero, LA Homes Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Marrero LA Average Home Sale Prices - January 2008 through June 2008

• The average Marrero home sale price in June 2008 was $170,633, up significantly from May.  However, May appears to have been a blip in sales as evidenced by the chart above.
• The average listing price in Marrero is $189,768, still well above the average sales for the last 6 months in the area.  Sellers need to review their pricing and condition to be sure that they are as competitive as possible since it is still a buyer’s market in Marrero at this time.
• 2nd quarter average sale prices were up from the 1st quarter, but again, this can be attributed to the low sales prices seen in May 2008.

Marrero LA Average Home Sales Prices - 2nd Quarter 2007 through 2nd Quarter 2008

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

Related Reading

Marrero, LA- June 2008 Real Estate Absorption Rates

Marrero, LA - Historic Real Estate Market Reports

5 Dos and Don’ts for Home Sellers

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.

Algiers, LA 70114 Homes for Sale as of 7/2/2008

• This report includes all of the Algiers zip code 70114, including Algiers Point.  Read Algiers Point June 2008 Home Sales Report for specific sales information on that area.
• 104 active listings, priced from $19,900 to $650,000
• 6 pending (offer accepted but still showing) listings, priced from $42,900 to $384,500
• 22 under contract listings, priced from $21,900 to $359,000
• Based on June 2008 sales, there is an 8 month supply of homes for sale in Algiers zip code 70114, down from the 10.3 month supply in May 2008.  The area seems to be moving closer to the balanced market supply of 5-6 months of inventory, but remember that this number changes based on the number of new listings coming on the market and the number of closed sales in the area.

Algiers, LA 70114 Home Sales - January 2008 through June 2008

• 13 homes were sold in Algiers zip code 70114 in June 2008, 5 of which were in Algiers Point.
• Days on market ranged from 7 to 194, with an average of 81 and a median of 60
• 2nd quarter 2008 home sales in Algiers (70114) showed a marked improvement over 1st quarter, more than doubling in that time period

Algiers LA 70114 Average Home Sale Prices - January 2008 through June 2008

• The average home sale price rose dramatically in June 2008, mostly due to the increase in sale in Algiers Point, which is the highest priced area in zip code 70114
• The average home sale price for the quarter continued the trend of creeping up ever so slightly to the current average of $130,645.  If sales in Algiers Point continue to hold steady or increase, we can expect to see this number rise again in the 3rd quarter.
• The average listing price in 70114 is $176,079.  While Algiers Point will always command a higher price than most of the rest of the zip code, all sellers should continue to monitor their competition and attempt to make their home the best of the bunch when marketing it.  Read Make Your Home the Star of the Neighborhood - Stage It!

Algiers LA 70114 Average Home Sale Prices - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Algiers home, please contact Lisa Heindel, your West Bank real estate specialist and Algiers resident and home owner.

Related Reading

Algiers, LA 70114 - June 2008 Absorption Report

Algiers, LA 70114 - Historic Real Estate Market Reports

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.

Algiers LA 70131 Homes for Sale as of 7/2/2008

• This report does not include English Turn.  Read English Turn June 2008 Market Report
• 220 active listings, priced from $31,900 to $1,100,000
• 15 pending (offer accepted, but still showing) listings, priced from $26,900 to $429,000
• 27 under contract listings, priced from $35,000 to $269,900
• Based on the June number of sales in Algiers, there is a 9.2 month supply of homes for sale in zip code 70131, down slightly from the 10 month supply in May, but still higher than the 5-6 months of a balanced real estate market.

Algiers, LA 70131 Home Sales - January 2008 through June 2008

• 24 homes were sold in Algiers in June 2008
• The days on market ranged from 6 to 342, with an average of 108 days
• The second quarter of 2008 finally showed an increase in the number of home sales in Algiers, reversing the declining trend we have seen since last fall
• A significant number of scheduled closings continue to fail each month, mostly due to financing or inspection issues.  Read Why Do A Pre-Inspection When Selling Your New Orleans West Bank Home?

Algiers, LA 70131 Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Algiers, LA 70131 Average Home Sale Prices - January 2008 through June 2008

• The average Algiers home sale price in June 2008 was $145,389, down from $161,927 in May
• The average sales price for the second quarter of 2008 was $166,713 just slightly below the first quarter average, but dropping for the 3rd quarter in a row
• The average listing price in Algiers is $196,896 (sellers should take note of this and adjust accordingly!)

Algiers, LA 70131 Average Home Sale Prices - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Algiers home, contact Lisa Heindel, your West Bank real estate specialist and Algiers resident and home owner. 

Related Reading

Algiers, LA 70131- June 2008 Real Estate Absorption Rates

Algiers, LA 70131 - Historic 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.

Gretna LA Homes for Sale as of 7/2/2008

• 50 active listings, priced from $37,000 to $310,000
• 3 pending (offer accepted but still showing) listings, priced from $116,500 to $225,000
• 1 open predication listing, priced at $119,900
• 11 under contract listings, priced from $35,000 to $275,000
• Based on June sales, there is a 5.5 month supply of homes for sale in Gretna, continuing last months showing of a balanced market in the area.  Remember, this number changes based on the number of homes on the market vs the number selling each month.

City of Gretna, LA Home Sales - January 2008 through June 2008

• 9 homes were sold in Gretna in June 2008
• After a slow start in April, the second quarter home sales for Gretna finished just under the first quarter sales (13 vs 14)
• Given the number of currently pending sales, I expect that the July results will continue this trend

Gretna LA Homes Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Gretna LA Average Home Sale Prices - January 2008 through June 2008

• The average home sale price in Gretna for June 2008 was $116,309, down from $147,515 in May 2008
• Year to date (2008) the average home sale price in Gretna is $142,405
• The current average listing price in Gretna is $173,162.  Properly priced homes in Gretna are continuing to sell.  Home owners should be sure that they are keeping current with the market so they can remain competitive with the other listings in both price and condition.

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

Related Reading:

Gretna, LA 70053- June 2008 Real Estate Absorption Rates

Gretna, LA 70053 - Historic 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.

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.