43 single family homes for sale

• High list price $1,700,000
• Low list price $85,000
• Average list price $362,440
• Median list price $283,500

7 homes are under contract or pending sale, priced from $183,000 to $450,000

Based on January sales (1), there is a 43 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Home Sales | January 2010

January saw 1 single family home sale in Belle Chasse, the slowest January since we started tracking sales in 2004.

With only 1 sale, the average days on market has little meaning.  I can tell you that of the currently active listings, the average days on market is 170, so Belle Chasse seems to be slowing down.  We won’t know that for sure until we see another couple of months of data for comparisons.

Belle Chasse LA | Average Home Sale Prices | January 2010

The January average sale price was $263,300, but, again, it’s important to remember that this is only one sale.  No seller concessions were made and no home warranty was provided for the buyer.

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

Related Articles:

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49 homes are for sale in Belle Chasse

• High list price $1,700,000
• Low list price $78,800
• Average list price $359,941
• Median list price $299,000

5 homes are under contract or pending sale, priced from $196,000 to $375,000

Based on the number of December sales (4), there is a one year supply of homes for sale in Belle Chasse

**The inventory supply estimate will move up and down based on active listings and the number of sales

Belle Chasse LA | Number of Homes Sold | December 2009

Belle Chasse ended 2009 with a total of 67 homes sold, down 11.8% from the number sold in 2008.  

How does Belle Chasse compare to the rest of the New Orleans West Bank?

Those 67 sales made up 4.7% of the West Bank real estate market in 2009, down slightly from 4.9% of the 2008 sales.  What does this mean?  Belle Chasse is staying steady in it’s command of market share.   Sales are taking slightly longer (note the average days on market), due to the fact that the higher average price ranges mean a smaller pool of qualified buyers.

Some other items of note

• Despite the national news, bank owned properties are rare in the area, with only 4 foreclosure sales in Belle Chasse in all of 2009.
• 15% of the 2009 home sellers provided some sort of closing cost assistance to the buyers
• Conventional financing continued to capture the lion’s share of the market in 2009

Belle Chasse LA | Average Home Sale Prices | December 2009

Don’t let that big jump in the average sale prices in December fool you!  2 of the 4 December sales were of high end properties – one for $650,000 and another for over $1 million – that pushed that average way up.  Instead, look at the year to date average home sale price in Belle Chasse of $301,840 to get a better idea of what the market is doing.

While the 2009 average was down from the previous year, homes prices are still substantially above that of any other West Bank community.  Unless you purchased your home in the last year or two, you have more than likely experienced an increase in equity.

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

Related information

• Belle Chasse LA community information
• Belle Chasse LA homes for sale
• New Orleans West Bank homes for sale

For more information about home buying or selling in Belle Chasse or a relocation 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!

49 homes are for sale

• High list price $1,700,000
• Low list price $78,800
• Average list price $357,273
• Median list price $295,000

5 homes are under contract or pending sale, priced from $150,000 to $375,000

Based on the number of homes sold in November (7), there is a 7 month supply of homes for sale in the area

Belle Chasse LA | Number of Homes Sold | November 2009

Belle Chasse ended November with 7 homes sold, bringing the year to date total to 63 (down from 71 at this time last year).  The 7 month supply of homes for sale is only slightly above a balanced real estate market, good news for sellers in the area.

The average days on market has bounced around from month to month, but is currently running around 120 days from the time a home comes on the market to when it receives an acceptable offer.   There will always be those that run higher or lower than the average, especially in the higher end price range that takes longer to sell.

Belle Chasse LA | Average Home Sale Prices | November 2009

While the year to date average sale of $286,421 is about 13.6% lower than last year’s average, Belle Chasse home sales are still higher than the post Katrina prices of 2006.  Unless you have been in your home for less than 3 years, you can anticipate an increase in the equity in your house provided it has been appropriately maintained.

Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

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

Belle Chasse LA Homes for Sale
New Orleans West Bank Homes for Sale

Home buying tips
Home selling tips

For professional representation when buying or selling a home on the West Bank of New Orleans, please contact the West Bank Living Team.  It would be our pleasure to assist you with any of your real estate needs – and have a little fun while doing it!

49 homes for sale

• High list price $900,000
• Low list price $78,800
• Average list price $348,235
• Median list price $320,000

9 homes are under contract or pending sale, priced from $59,900 to $1,300,000

Based on the number of homes sold in October (6), there is a 8.17 month supply of homes for sale

Belle Chasse LA | Number of Homes Sold | October 2009

Home sales in Belle Chasse continue to hold steady, with 6 homes sold in October. This brings the year to date total number of single family homes sold to 56, compared to 66 at the same time in 2009.  With 9 homes currently under contract, it looks like we will end the year with about 10% fewer sales than last year.
Financing choices continue to be spread out, with 2 FHA sales, 2 conventional sales and 2 cash sales recorded in October.  Interestingly, VA loans have been used in only 17.8% of Belle Chasse home sales this year, despite the fact that NAS JRB New Orleans is located in the area.  More than likely, it is because the majority of incoming military families are looking for housing that is a little more affordable than that offered in the Belle Chasse community.

Belle Chasse LA | Average Home Sale Prices | October 2009

While there was a spike in the average sale price in October due to a $975,000 sale, the year to date average of $273,742 is down 17.45% from 2009.  The good news is that the year to date average is well above that of 2005, so unless you purchased your Belle Chasse home in 2006-2008, the odds are good that you have increased your equity in your home.

Of course, all neighborhoods are performing differently, so if you would like a report of recent sales and listings in yours, sign up for your free Market Snapshot.

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

You may also be interested in:

Belle Chasse homes for sale
New Orleans West Bank Homes for Sale

Home Buying Tips
Home Selling Tips

The West Bank Living Team provides professional buyer and seller representation on the West Bank of New Orleans.  Please feel free to call or email us with any of your real estate questions.

53 homes are for sale

• High list price $1,100,000
• Low list price $99,000
• Average list price $355,572
• Median list price $292,450

12 homes are under contract or pending sale, with an average list price of $347,809.

Based on the number of homes sold in September (6), there is an 8.8 month supply of homes for sale in Belle Chasse.

Belle Chasse LA – Number of Homes Sold – September 2009

As of September 2009, there have been 50 homes sold in Belle Chasse this year, compared to 59 at the same time last year (a decrease of 15% in the number of sales).  The area continues to buck the financing trend with the majority (67%) of home buyers using conventional mortgages instead of the more popular FHA loans.

Belle Chasse LA | Average Home Sale Price | September 2009

Home prices in Belle Chasse have dropped significantly from 2008 to 2009 (21%), ending September with an average home sale price of $262,411, reversing the increasing prices the area has experienced for the last few years.  However, unless you purchased your Belle Chasse home in 2006-2008, the odds are good that you have still seen an increase in the amount of equity you have in your home.

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

Belle Chasse LA homes for sale
Belle Chasse Real Estate Market Reports

Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

Questions?  Contact the West Bank Living team

47 homes for sale

• High list price $1,100,000
• Low list price $127,000
• Average list price $376,100
• Median list price $335,000
• Average days on market for active listings: 144

19 pending sales, priced from $155,000 to $1,300,000

Based on the number of homes sold in August (8), there is a 5.9 month supply of homes for sale in Belle Chasse

Belle Chasse LA – Number of Homes Sold – August 2009

After a dip in sales in July, Belle Chasse bounced right back with 8 sales in August, bringing the year to date number of homes sold to 44.  With 19 homes under contract and a less than 6 month supply of homes for sale, Belle Chasse is one of the best performing real estate markets on the West Bank of New Orleans. 

What’s selling in Belle Chasse?

• The one property that sold for less than $200k in August was a mobile home
• Belle Chasse is bucking the trend for FHA financing.  The most popular loans used to purchase homes in the community were Conventional (3) and VA (3), which makes sense considering the proximity to NAS JRB New Orleans and the number of military families that live in the area.
• The most popular choices are 3 or 4 bedroom homes with an average of 2,095 square feet of living area.

Belle Chasse LA – Average Home Sale Price – August 2009

Year to date, the average home sale price in Belle Chasse is $261,489, down a little over 21% from the 2008 average price.  In August, sellers received an average of 96% of their original list price.  In another break from how the rest of the West Bank is performing, only 2 sellers gave any closing costs assistance to buyers.  This directly correlates to the low number of FHA loans being used in the area.

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

Belle Chasse LA homes for sale
Belle Chasse Real Estate Market Reports

For more information about living in Belle Chasse or relocating to NAS JRB New Orleans, please contact the West Bank Living Team.  It would be our pleasure to assist you with any of your real estate needs.

53 homes for sale

High list price $1,700,000

Low list price $127,000

Average list price $416,343

Median list price $320,000

10 pending home sales, priced from $125,000 to $375,000

Based on the number of homes sold in July (3), there is a 17.6 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Homes Sold | July 2009

Belle Chasse ended July with 3 homes sold, bringing the year to date total to 36 homes sold in 2009 (down from 50 sales at the same time last year).

Conventional financing ruled July – all of the sales were to buyers using conventional loans, which means they had to have at least a 10% down payment.  These are strong buyers that are choosing homes in the $300-$400k price range which currently accounts for about 21% of the Belle Chasse real estate market.

The drop in the number of sales pushed the absorption rate up from 7 months to 17 months, showing what a delicate balance there is between supply and demand in today’s market.

Belle Chasse LA | Average Home Sale Prices | July 2009

The average Belle Chasse home sale in July was for $330,833, while the 2009 year to date average is $269,336, down almost 19% from the 2008 average.  While the average list price is skewed by that one listing for $1.7 million, the median list price (half of the homes are priced lower, half are priced higher) is still higher than what the average Belle Chasse home buyer is spending.

What sold in July?

It’s interesting to note that every sale in July was a home between 4 and 6 years old.  If you are selling an older Belle Chasse home, be prepared to have either already done your updates and renovations or to settle for a lower sales price.  Read: Home Selling Tips

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

Related Reading:
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Home Buying Tips

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57 homes for sale

• High list price $1,700,000
• Low list price $125,000
• Average list price $405,810
• Median list price $325,000

6 pending sales, priced from $145,000 to $399,900

Based on the number of homes sold in June (8), there is a 7 month supply of homes for sale in Belle Chasse

Belle Chasse LA 70037 – Number of Homes Sold – June 2009

The 2nd quarter of 2009 showed some promise for Belle Chasse, with the number of homes sold holding steady with those from the 2nd quarter of 2008 (21 homes sold during both time frames).  Year to date, there have been 31 successful home sales in the area, compared to 44 at the same time last year.

What sold in Belle Chasse?

Belle Chasse LA 70037 – Average Home Sale Price – June 2009

While it may look like prices in Belle Chasse are taking a big dive from 2008, in my opinion they are finally stabilizing right in between the 2005-2006 averages.  The $250-275k price range has always been the most popular in the area, especially for incoming military transfers to NAS JRB and we are seeing that reflected in this years sales.

For those in the higher price ranges, in 2009 there have been 6 sales between $300-$399k, 4 sales between $400-420k and one sale over $500k, making up approximately 1/3 of the Belle Chasse market.  It’s important to note that these higher end sales were all of homes that were less than 13 years old, with the majority of them being around 4 or 5 years old.

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

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Get this week’s free Belle Chasse market snapshot

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66 homes for sale

• High list price $1,700,000
• Low list price $125,000
• Average list price $395,033
• Median list price $324,450

6 pending sales, priced from $85,000 to $350,000

Based on the number of homes sold in May (8), there is a 8.25 month supply of homes for sale in Belle Chasse

Belle Chasse LA – Number of Homes Sold – May 2009

Home sales in Belle Chasse continued to climb in May, ending the month with 8 closed sales and bringing the 2009 year to date total to 23 (compared to 34 at the same time last year).

What’s selling in Belle Chasse?

• Of the 8 homes sold in May, 6 were less than 20 years old and 3 were less than 10 years old
• FHA and VA remain the most used financing options, making up over 60% of the sales
• Traditional 3 and 4 bedroom homes with garages are the most popular buyer choices in Belle Chasse
• The average home sold in May was on market for 43 days and sold for $126 per square foot

Belle Chasse LA – Average Home Sale Price – May 2009

After a spike in March, the average sales price of a home in Belle Chasse has leveled off, ending May at $285,625.  The year to date average sale price is $272,178, down almost 18% from the 2008 average.

Higher end homes in Belle Chasse are selling slowly, with only 4 closed sales above $400,000 so far in 2009.  Of those 4 sales, three were in the Springwood subdivision while one home on Demandre commanded a price of $420,000.  Buyers in the over $300k price range are favoring new construction – every home in that range sold so far this year has been 6 years old or newer.

Find out what’s going on in your West Bank neighborhood with a free online market analysis

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

Related Information:

Belle Chasse homes for sale

Belle Chasse Real Estate Market Reports

The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.

55 homes for sale in Belle Chasse

• High list price: $1,700,000
• Low list price:  $125,000
• Average list price:  $413,070
• Median list price:  $325,000

15 pending sales, priced from $85,000 to $439,900

The average home listed in Belle Chasse has been on the market for 132 days

Based on the number of homes sold in April (5), there is an 11 month supply of homes for sale

Belle Chasse LA – Number of homes sold – April 2009

Sales are slow but steady in Belle Chasse this year, with 15 homes sold year to date.

A breakdown of April homes sales:

• Financing – 3 conventional loans, 1 FHA loan and 1 VA loan
• Size – 3 three bedroom homes, 1 four bedroom and 1 five bedroom
• Seller concessions – 2 sellers paid for home warranties and 1 seller provided $10,000 in closing cost assistance to the purchaser

Buyers in Belle Chasse continued to choose newer construction in April, with 4 of the 5 homes sold less than 10 years old.  Sellers of older homes might consider some small updating or renovation projects to make their homes more competitive with the “younger” homes on the market.

Read: Home Selling Tips

Belle Chasse LA – Average Home Sale Price – April 2009

The average home sale price in Belle Chasse dropped from March to April, bringing the year to date average to $265,006, down about 20% from the 2008 average.  Sellers would be wise to review their pricing, since 35 of the 55 homes for sale are priced above the average.

Luxury homes will always take longer to sell, but if your house is in the $275-$300k range, consider how much it will cost you to hold out for a higher price vs the immediate gain of a sale at a slightly lower price.

Find out what’s going on in your Belle Chasse neighborhood with a free online market analysis

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

Related Reading:

Belle Chasse homes for sale

Belle Chasse Real Estate Market Reports