Belle Chasse LA: August 2008 Home Sales and Real Estate Market Report

Current real estate statistics for Belle Chasse LA as of 9/10/2008:

• 59 active listings, priced from $199,900 to $1,400,000
• Average list price of $355,948
• 7 under contract listings, priced from $149,900 to $425,000
• Based on August sales, there is a 14.75 month supply of homes for sale in Belle Chasse.  Remember that some closings may have been delayed due to the evacuation for Hurricane Gustav.

Belle Chasse LA - Number of Homes Sold August 2008

      

The number of Belle Chasse homes sold in August (4) was the same as August 2007, but down substantially from 12 in 2006, 8 in 2005 and 10 in 2004.  Again, some of this decrease may be attributed to the end of month evacuation that delayed some closings.

 

Belle Chasse LA - Average Home Sales Price August 2008

       

The average home sale price in Belle Chasse for August 2008 was $312,500, up slightly from July and well above the year to date average of $280,025.  Overall, real estate prices in Belle Chasse have shown a slight 5% decline in values from the 2007 average.  Given that the average sales price for the last 3 months has been over $300,000, this decline may very well be reversed by the end of the year.

       

All information is compiled from data provided by GSREIN and is deemed reliable, but not guaranteed.

Are you considering selling your Belle Chasse home?  Contact Lisa Heindel for a free, confidential market analysis.  I’d love to share my online marketing plan that is designed to showcase your home to the largest number of potential buyers.

Copyright 2008.  Lisa Heindel and West Bank Living.  All rights reserved.

Belle Chasse LA Home Sales and Real Estate Absorption Report for August 2008

Belle Chasse LA Absorption Rates as of 8/18/2008

• The current supply of homes for sale in Belle Chasse is 9 months, down from 9.9 at the same time in July.
• Homes in the $225-250,000 price range are continuing to sell well, especially with more military personnel being relocated to NAS JRB in the coming months.
• The increase in population at the base should continue to keep sales in Belle Chasse fairly steady, since the school system remains such a draw for relocating families.

Remember, the odds below are an estimate, not a guarantee that your home will sell within this time frame.

Related Reading:

What Is A Real Estate Absorption Rate?

For more information on buying or selling your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.

Copyright 2008.  Lisa Heindel and West Bank Living  All rights reserved.

Belle Chasse LA: July 2008 Home Sales and Real Estate Market Reports

Current home sale statistics for Belle Chasse LA as of 8/5/2008:

• 66 active listings, priced from $107,700 to $2,750,000
• 1 sale pending but continue to show listing, priced at $189,000
• 6 under contract listings, priced from $120,000 to $419,900

Based on July sales, there is a 13 month supply of homes for sale in Belle Chasse LA, compared to 7.4 months at the end of June.  This increase in the projected supply of homes for sale is due to the drop in the number of homes sold from 9 in June to 6 in July.

Belle Chasse LA - Number of Single Family Homes Sold July 2008

 

• The average sale price in Belle Chasse for July 2008 was $305,066, compared to $378,422 in June.
• The year to date average sale price in Belle Chasse is $276,886
• The current average listing price is $390,418 - sellers take note!
• Average days on market for July was 124, while the year to date average is 95

Belle Chasse LA - Average Single Family Home Sale Price July 2008

 

For a detailed market analysis of your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.  I’d be happy to discuss pricing, preparation and getting your home sold.

Related Reading:

• Belle Chasse LA- July 2008 Real Estate Absorption Report
• Previous Belle Chasse Real Estate Market Reports
• Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home

All data compiled from GSREIN and is deemed reliable, but not guaranteed.

Belle Chasse LA: July 2008 Real Estate Absorption Report

The Belle Chasse market is showing improvement, with the supply of homes dropping from 13.8 months in June to the current 9.9 months.

• While the number of available listings has dropped, the number of homes sold each month has increased from 5 (June 2008) to 6.7 as of today
• There continues to be a strong demand for homes priced under $200,000 in Belle Chasse
• Continuing military relocation to NAS JRB New Orleans should sustain demand for homes in the area

Belle Chasse LA Real Estate Absorption Rates as of 7/21/2008

The odds listed here are an estimate, not a guarantee that your home will sell in this time frame

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

If you are considering selling your Belle Chasse home, contact Lisa Heindel for experienced West Bank real estate advice.  I’d be happy to help you prepare and price your home for sale.

Related Reading:

What Is A Real Estate Absorption Rate?

Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home

Home Selling Tips

Belle Chasse, LA: June 2008 Home Sales and Real Estate Market Report

Belle Chasse Homes for Sale as of 7/2/2008

• 67 active listings, priced from $113,300 to $2,750,000
• 1 pending (offer accepted but continuing to show) listing priced at $195,000
• 7 under contract listings, priced from $161,900 to $425,000
• Based on June 2008 sales, there is a 7.4 month supply of homes for sale in Belle Chasse, slightly above the 5 to 6 month supply of a balanced real estate market.

 

Belle Chasse Home Sales - January 2008 through June 2008

 

• 9 homes sold in June 2008, up from 6 in May 2008
• The average days on market for June 2008 was 123
• Quarterly sales remained flat from 1st quarter to 2nd quarter 2008 (23 in each quarter)

 

Belle Chasse Home Sales - 2nd Quarter 2007 through 2nd quarter 2008

 

 

Belle Chasse Average Home Sale Price - January 2008 through June 2008

 

• The average home sale price in June 2008 was $378,422, up from the May 2008 average of $247,083.  This large increase in the average sale price can be attributed to the sale of a $1,100,000 home in June.
• The average home sale price in the 2nd quarter of 2008 was $246,143, down from the 1st quarter average of $259,576.
• The current average list price is $402,492, significantly higher than recent average sales prices.  Sellers in Belle Chasse should remember that buyers have many choices in today’s market and they are looking for the best values in their price range.

 

 

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

 

Related Reading:

Belle Chasse, LA- June 2008 Real Estate Absorption Rates

Belle Chasse, LA - Historic Real Estate Market Reports

Choosing a Tech Savvy REALTORR to Sell Your West Bank Home

 

    

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