Terrytown and Gretna, LA 70056: June 2008 Home Sales and Real Estate Market Reports

Terrytown and Gretna Homes for Sale as of 7/2/2008

  • Zip code 70056 only
  • 199 active listings, priced from $30,000 to $1,200,000
  • 7 pending (offer accepted but still showing) listings, priced from $99,900 to $279,900
  • 17 under contract listings, priced from $99,999 to $449,000
  • Based on the June 2008 sales, there is a 14 month supply of homes for sale in Terrytown and unincorporated Gretna.  This is well above the 5-6 month supply of homes in a balanced real estate market and puts the area firmly in a buyer’s market.

 

Terrytown and Gretna, LA Home Sales – January 2008 through June 2008

Terrytown number sold June

 

  • 14 homes were sold in June 2008, continuing the downward trend in Terrytown and Gretna sales for zip code 70056
  • The average days on market for June 2008 was 58
  • Quarterly sales were up in the 2nd quarter of 2008 compared to the 1st quarter, but if the current trend continues we can expect to see a drop in 3rd quarter numbers

 

Terrytown and Gretna Home Sales – 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown number sold 2Q

 

 

Terrytown and Gretna Average Home Sale Price – January 2008 through June 2008

Terrytown avg ssale June

 

  • The average sales price for homes sold in Terrytown and Gretna in June 2008 was $150,993, down from $152,289 in May 2008
  • Average sales prices for 2nd quarter 2008 were up slightly to $171,401
  • The average listing price in Terrytown and Gretna is $224,958, significantly higher than the average sales price and indicating that buyers are continuing to look for the best value in their price range.

 

Terrytown and Gretna Average Home Sale Price – 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown avg sale 2Q

 

All data provided by GSREIN and is deemed reliable, but not guaranteed

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