Current real estate activity in Marrero LA 70072:
262 homes are currently listed for sale
- High list price $1,600,000
- Low list price $20,000
- Average list price $159,428
- Median list price $139,000
61 homes are under contract or pending sale, priced from $16,900 to $425,000
Based on the number of June sales (36), there is a 13.7 month supply of homes for sale in Marrero
Marrero LA | Homes for sale by price range | June 2010
DOM = Days on Market
Marrero LA | Homes Sold by price range | June 2010
Since it’s mid year, we are comparing the first half of 2010 to the first half of 2009 home sales in Marrero. The gist of it? The number of sales are down by 9%. The average sale price at the end of June was $132,042, compared to $137,942 at the same time last year, a decrease of 4.3% in average sold prices. In my opinion, the drop in average prices can be attributed to the large percentage of foreclosures that are making up the sold statistics.
Despite the decrease in average prices, there has been a surprising increase in the number of homes sold between $180,000 and $250,000. This is a price range that is proving troublesome for most other areas on the West Bank, so it’s good news for sellers in the 70072 zip code.
For homes priced over $250,000, sellers are going to need some a lot of patience. There are currently 41 homes listed for sale above $250k, while only 5 have sold so far this year.
More about June 2010 home sales in Marrero
- 47% of homes sold were foreclosures or short sales
- 42% of sellers paid closing costs on behalf of the buyer
- 28% of sellers provided a home warranty for the purchaser
For more information about buying or selling a home in Marrero, please contact the West Bank Living Team. We live and work on the West Bank of New Orleans and would love to put our expertise to work for you.
