Gretna LA 70053: August 2008 Home Sales and Real Estate Market Reports
September 11, 2008 by Lisa Heindel
Filed under Blog, City of Gretna, Market Updates
Current City of Gretna real estate market statistics as of 9/11/2008:
- 51 active listings, priced from $60,000 to $289,000
- Average list price of $162,266
- 2 pending sales (accepted, but continuing to show) priced at $129,900 and $139,900
- 6 under contract listings, priced from $35,000 to $221,000
- Based on August sales, there is a 5.7 month supply of homes for sale in the City of Gretna, one of the few balanced markets on the West Bank
Gretna LA 70053 - Number of Homes Sold August 2008
Gretna LA 70053 - Average Home Sales Price August 2008
The average home sale price in the City of Gretna for August 2008 was $154,277, the highest average since February 2008. As seen in the chart below, Gretna has not suffered the decline in values that many other areas of the West Bank have experienced over the last 2 years.
Home sellers in Gretna should still keep an eye on the competition in their neighborhood by requesting an updated market report each month from their West Bank REALTOR®.
All information compiled from data provided by GSREIN and is deemed reliable, but not guaranteed.
Are you considering selling your Gretna home? Contact Lisa Heindel for a free, confidential market analysis of your individual neighborhood. Let me share my online marketing plan that is designed to showcase your home to the largest number of qualified buyers.
Related Reading:
- 4 Things to Expect From Your Agent When Selling Your West Bank Home
- Home Selling Tips - Keep Your Eye on the Bottom Line
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
Gretna LA 70053 Home Sales and Real Estate Absorption Rates for August 2008
August 18, 2008 by Lisa Heindel
Filed under Blog, City of Gretna, Market Updates
This report is for the City of Gretna, zip code 70053 only. Unincorporated Gretna sales can be found in the Gretna/Terrytown report of home sales.
- The supply of homes for sale in the City of Gretna dropped again from 6.1 months in July to 5.4 months as of 8/18/2008
- Homes in the low to mid $200s are doing well, while the low to mid $100s are lagging behind, mostly due to the condition of those properties, although there are certainly some bargains to be had in the entry level market
The odds below are an estimate, not a guarantee that your home will sell within this time frame
If you are considering selling your Gretna home, contact Lisa Heindel for professional, West Bank real estate advice. I’d be happy to help you prepare and price your home for sale.
Related Reading:
Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home
What Is A Real Estate Absorption Rate?
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
Gretna LA 70053: July 2008 Home Sales and Real Estate Market Reports
August 5, 2008 by Lisa Heindel
Filed under Blog, City of Gretna, Market Updates
Current real estate market statistics for the City of Gretna LA as of 8/5/2008:
- 48 active homes for sale, priced from $60,000 to $310,000
- 15 under contract listings, priced from $35,000 to $235,000
Based on July 2008 sales, there is a 8.8 month supply of homes for sale in Gretna, up from the 5.5 projected at the end of June.
City of Gretna LA 70053 - Number of Homes Sold in July 2008
- The average home sales price in Gretna in July was $156,625
- The year to date average home sale price in Gretna is $144,436
- Average days on market for July was 61, while the year to date average is 75
Sellers should take note that the average home in Gretna qualifies for FHA financing and sales may be impacted by recent changes to FHA down payment guidelines.
City of Gretna LA 70053 - Average Home Sale Price in July 2008
For a detailed report of home sales and market trends in your Gretna neighborhood, contact Lisa Heindel, your West Bank real estate specialist. I’d be happy to help you understand the current market and how it impacts your home.
Related Reading:
- Gretna LA 70053- July 2008 Real Estate Absorption Report for the City of Gretna
- Previous Gretna LA Real Estate Market Reports
- 5 Steps to Choosing Your New Orleans West Bank Real Estate Agent
Data compiled from GSREIN and is deemed reliable, but not guaranteed.
Gretna LA 70053: July 2008 Real Estate Absorption Report for the City of Gretna
July 21, 2008 by Lisa Heindel
Filed under Blog, City of Gretna, Market Updates
The City of Gretna real estate market has made an overall improvement, with the supply of homes for sale dropping from 9.2 months in June 2008 to the current 6.1 months.
- While a 6 month inventory indicates a balanced real estate market, there are pockets of oversupply in certain price ranges, so sellers in Gretna need to stay up to date with their competition for buyers in those price ranges
City of Gretna Real Estate Absorption Rates as of 7/21/2008
The odds listed 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 Gretna home, contact Lisa Heindel for professional, West Bank real estate advice. I’d be happy to help you prepare and price your home for sale.
Related Reading:
Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home
What Is A Real Estate Absorption Rate?
Gretna, LA 70053: June 2008 Home Sales and Real Estate Market Reports
July 4, 2008 by lisa
Filed under Blog, City of Gretna, Market Updates
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
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.
