Current real estate activity in Westwego, Avondale, Bridge City and Waggaman:
172 homes are listed for sale
- High list price $550,000
- Low list price $30,000
- Average list price $117,410
- Median list price $105,950
38 homes are under contract/pending sale, priced from $20,000 to $179,000
Based on the number of August sales (12), there is a 14 month supply of homes for sale in Westwego
Westwego LA 70094 | Number of Homes Sold | August 2010
As of the end of August, there have been 93 homes sold in the 70094 zip code, compared to 92 sold at the same time last year. This level of home sales has been consistent over the last couple of years, so although pre-Katrina sales have not returned, at least sellers can feel comfortable that demand is steady at 150-160 homes per year.
Days on market is also holding steady, ending August at an average of 82 days. However, the average active listing has been on the market for 124 days, so look for this number to increase through the year as some of the older inventory is cleared out.
Westwego LA 70094 | Average Home Sale Prices | August 2010
Home prices in Westwego and the surrounding areas continues to bounce around from month to month. At the end of August, the average year to date selling price was $107,283. This is an increase of 11% from the same time in 2009.
Get this week’s free home value report for your neighborhood
All data provided by GSREIN
More about August home sales in Westwego, Avondale, Bridge City and Waggaman
- 58% of homes sold were bank owned properties, foreclosures or short sales
- 33% of sellers provided a home warranty for the buyer
- 33% of sellers provided some closing cost assistance to the purchaser
- FHA loans continue to dominate as the preferred financing method
Seeing the current market trend, the demand for homes is fairly stable.