Marrero LA: August 2008 Home Sales and Real Estate Market Reports
September 12, 2008 by Lisa Heindel
Filed under Blog, Market Updates, Marrero
Current real estate market statistics for Marrero LA as of 9/12/2008:
- 269 active listings, priced from $62,000 to $1,150,000
- Average listing price of $175,061
- 7 pending sales (accepted, but continuing to show) priced from $114,900 to $190,525
- 3 open predication sales (waiting on buyer’s home to sell) priced from $129,900 to $165,000
- 54 under contract listings, priced from $19,900 to $399,000
- Based on the August 2008 number of homes sold, there is almost a one year supply of home for sale in the area
Marrero LA - Number of Homes Sold August 2008
The year to date average number of homes sold per month in 2008 is 33, compared to 42 per month in 2007.
Marrero LA - Average Home Sale Price August 2008
Average home sale prices in Marrero are jumping around from month to month, but the year to date average sale as of August is $159,575, down about 4% from the 2007 average but still tracking higher than 2004-2006 average sales. While home values in Marrero have been either increasing or stable for the last 5 years, the number of homes sold continues to decline.
In order for home sellers in the area to be competitive, you MUST properly prepare and price your home before putting it on the market. Home Selling Tips
All information compiled from data supplied by GSREIN and is deemed reliable, but not guaranteed.
Are you considering selling your Marrero home? Contact Lisa Heindel for a confidential market analysis of your neighborhood and a sample of my online marketing plan 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.
Marrero LA Home Sales and Real Estate Absorption Rates for August 2008
August 18, 2008 by Lisa Heindel
Filed under Blog, Market Updates, Marrero
Marrero LA Real Estate Absorption Rates as of 8/18/2008
- The inventory of homes for sale in Marrero increased from 8.3 months in mid July to 8.6 months today
- Active listings have gone up from 273 at this time last month to the current 285
- The most in demand price range in Marrero continues to be $120,000-$160,000
The odds below are an estimate, not a guarantee that your home will sell in this time frame
Are you considering selling your Marrero home? For professional, local advice from a West Bank real estate specialist, contact Lisa Heindel. I’d be happy to help you understand the current market and how to price your home to sell.
Related Reading:
What Is A Real Estate Absorption Rate?
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
Marrero LA: July 2008 Home Sales and Real Estate Market Reports
August 5, 2008 by Lisa Heindel
Filed under Blog, Market Updates, Marrero
Current real estate market statistics for Marrero LA as of 8/5/2008:
- 272 homes for sale, priced from $75,000 to $1,600,000
- 9 pending sales (still showing), priced from $114,900 to $155,258
- 47 under contract listings, priced from $19,900 to $357,400
Based on July 2008 sales, there is a 10.7 month supply of homes for sale in Marrero, compared to the 9.8 month supply projected at the end of June
Marrero LA - Number of Homes Sold in July 2008
- The average sale price for a Marrero home in July 2008 was $153,655
- The year to date average sale price for a Marrero home is $159,163
- Average days on market for homes sold in July was 112 compared to the year to date average of 87
Sellers of homes in Marrero should be aware that recent changes to FHA down payment guidelines may impact sales of homes in price ranges that fit FHA lending guidelines.
Marrero LA - Average Single Family Home Sale Price in July 2008
For an in-depth analysis of your Marrero neighborhood, contact Lisa Heindel, your West Bank real estate specialist. I’d be happy to help you prepare and price your home for sale.
Related Reading:
- Marrero LA 70072- July 2008 Real Estate Absorption Report
- Previous Marrero LA Real Estate Market Reports
- Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home
Data compiled from GSREIN and is deemed reliable, but not guaranteed.
Marrero LA 70072: July 2008 Real Estate Absorption Report
July 21, 2008 by Lisa Heindel
Filed under Blog, Market Updates, Marrero
The Marrero real estate market has slowed just a touch from June, with inventory increasing from 7.5 months to the current 8.3 months
- Active listings have increased from 263 to 273, while listings sold per month have dropped from 35 to 32.7
- Homes in the first time buyer price range still face a lot of competition, so sellers should stay up to date with what’s going on in their neighborhoods to remain at the top of the “must see” list
Marrero LA 70072 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
Are you considering selling your Marrero home? For professional, local advice from a West Bank real estate specialist, contact Lisa Heindel. I’d be happy to help you understand the current market and how to price your home to sell.
Related Reading:
What Is A Real Estate Absorption Rate?
Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home
Marrero, LA: June 2008 Home Sales and Real Estate Market Reports
July 4, 2008 by lisa
Filed under Blog, Market Updates, Marrero
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
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.
