Current real estate activity in Terrytown and Gretna LA 70056:
172 homes are for sale
- High list price $1,200,000
- Low list price $24,900
- Average list price $215,009
- Median list price $169,000
36 homes are under contract or pending sale, priced from $70,312 to $449,900
Based on the number of Terrytown/Gretna homes sold in February (13), there is a 13.2 month supply of homes for sale in the community
Terrytown and Gretna LA 70056 | Number of Homes Sold | February 2010
Although the number of home sold dropped from January to February, year to date there have been 33 single family home sales, up from 28 at the end of February 2009. With 36 pending sales, it looks like the area is off to a good start in 2010. It remains to be seen if the volume will be sustainable after the first time home buyer tax credit ends on April 30th, so we will continue to track activity in the community.
Average days on market for homes sold in 2010 is now at 80. As older inventory is cleared out, I expect this number to go up since the average days on market for active listings is currently 143 days.
Terrytown and Gretna LA 70056 | Average Single Family Home Sale Prices | February 2010
Prices took a jump in February, bringing the year to date average to $161,852. This is a slight increase over the 2009 average. Again, we will have to track ongoing activity to determine if this is a true increase in sale prices.
Some more facts about Terrytown and Gretna home sales in February:
- Condition of homes was varied, with 5 homes sold in Excellent condition, 3 homes in Average condition, 3 homes in Fair condition and 2 homes in Very Good condition
- 39% of the homes sold were bank owned or foreclosure properties
- 31% of sellers paid for a home warranty for the buyers
- 23% of sellers provided some type of closing cost assistance to the purchasers
- FHA remains the most popular choice in home purchase financing
