Bent Tree Update – New Construction Boom

Bent Tree Estates - Marrero LA

Bent Tree Marrero Real Estate

It’s all about the new construction in Bent Tree lately, as homes are being built and pushing up the average sale prices in the Marrero neighborhood.

In the last 6 months, there have been 38 homes sold in Bent Tree and 29 of them were new construction. Out of the 16 homes under contract right now, 13 are new construction.

READ: Should you have an agent for new construction?

Where are prices headed in Bent Tree?

Resales

The 6 month average price of a resale home in Bent Tree is just over $172,000. The highest priced resale sold in the last 6 months was $238,875 – the only one that came in above the $200k mark. Days on market ranged from 9 to 92, with an average time to sell of 43 days.

New Construction

The average price of new construction in Bent Tree is $217,387. The highest priced new construction sold in the last 6 months was $229,900, and the lowest was $206,900. DSLD is the builder for all of these homes. There are no vacant lots currently listed for sale in Bent Tree.

The forecast

Since the beginning of the year, the cost of new construction homes has risen slightly, with the least expensive model increasing from $203,900 to $206,900. At the same time, the prices for resale homes have dropped from a high of $187,314 in the first 2 quarters. The pricing on resale homes is, of course, dependent on the condition, so foreclosures and homes in need of renovation will cause the resale average to shift from quarter to quarter.

 

Bent Tree Homes for Sale

 

 

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