Westwego LA Home Sales
152 single family homes are for sale, priced from $29,900 to $550,000
32 homes are under contract, priced from $17,550 to $240,700
19 homes sold in August, with a low selling price of $15,500 and a high sold price of $287,900
Westwego LA home sales and prices (including Avondale and Bridge City)
This month, we are reviewing year to date sales in the 70094 zip code, broken down by price range.
The vast majority of homes being sold are falling below $50,000 and are being scooped up by investors or home buyers with cash. Foreclosures and short sales have had a hugely negative impact on pricing in the area, accounting for 55% of all sales this year (up from 37% in 2010). Home sellers in the over $300k price ranges should be prepared for an extended time on market, given that there have been absolutely zero houses sold in that range this year.
Condition remains a factor in the depressed prices, with over 30% of homes sold in either Fair or Poor condition.
- 56% of sales this year have been to cash buyers
- 27% of sellers have provided closing cost assistance to the buyer (down from 33% last year)
- 12% of sellers have provided home warranties for the buyer (down from 26% last year)