Westwego, Avondale and Bridge City LA Home Sales and Real Estate Absorption Rates for August 2008

Westwego, Avondale and Bridge City real estate absorption rates as of 8/18/2008

• Active listings in zip code 70094 are 116 vs 117 in mid July
• The overall supply of homes for sale in the area rose slightly, from 8.4 months to 8.9 months with the average number of homes sold per month dropping from 14 to 13 (a nominal difference)
• The most active price ranges are $40,000-$60,000 and $100,000-$120,000

The odds below are an estimate, not a guarantee that your home will sell in this time frame

Are you considering selling your Westwego home?  For an experienced West Bank real estate agent, contact Lisa Heindel.  I’d be happy to help you price your home to sell.

Related Reading:

What Is A Real Estate Absorption Rate?

Copyright 2008.  Lisa Heindel and West Bank Living.  All rights reserved.

Westwego, Avondale and Bridge City, LA: June 2008 Home Sales and Real Estate Market Reports

Westwego Homes for Sale as of 7/2/2008

• 120 active listings, priced from $39,000 to $430,000
• 9 pending (offer accepted but still showing) listings, priced from $110,000 to $245,000
• 15 under contract listings, priced from $34,900 to $185,000
• Based on the June 2008 sales, there is a 6 month supply of homes for sale in Westwego, Avondale and Bridge City.  This indicates a balanced real estate market for the region, which is great news for sellers who have been patiently waiting.  If your Westwego home is still on the market, maybe you need to make it the star of the neighborhood.

 

Westwego, Avondale and Bridge City Home Sales - January through June 2008

 

• 18 homes sold in June 2008, compared to 12 sold in May
• Quarterly sales remained steady from 1st quarter to 2nd quarter 2008
• A total of 24 sales were pending as of 7/2/2008

 

Westwego, Avondale and Bridge City Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

 

 

Westwego, Avondale and Bridge City Average Home Sale Price - January through June 2008

 

• The average sale price dropped to $91,459 in June 2008, the third straight month of decline for zip code 70094.
• While the number of sales is holding steady, buyers are still looking for the best value in their price range as shown by the average sale prices and the listing prices on homes pending sale (average of $92,540).

 

Westwego, Avondale and Bridge City Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

 

For a detailed market analysis of your home in Westwego, Avondale or Bridge City, contact Lisa Heindel, your West Bank real estate specialist.

 

Related Reading:

Westwego, Avondale and Bridge City, LA- June 2008 Real Estate Absorption Rates

Westwego, Avondale and Bridge City, LA - Historic Real Estate Market Reports

    

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Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

Westwego, Avondale and Bridge City, LA: May 2008 Home Sales and Real Estate Market Report

Home Sales in Westwego, Avondale and Bridge City, LA

 

• 117 homes currently for sale in zip code 70094 (Westwego, Avondale, Bridge City and Waggaman, LA), up from the 103 at the same time last month
• 24 homes under contract or pending sale, priced from $56,000 to $269,900
• 12 sold homes in May 2008, compared to 14 in April
• Based on recent sales, there is a 9.75 month supply of homes for sale in the area, above the 5-6 month supply of a balanced market, but below most other areas of the West Bank

 

 

• The average home sale price in May 2008 for zip code 70094 was $97,541, down from $111,236 in April
• The average year to date home sale in Westwego, Avondale and Bridge City was $102,308
• The average list price of homes currently for sale in zip code 70094 is $138,499
• The average days on market for homes sold in May 2008 was 98
• The average days on market year to date for 2008 is 95

 

 

May reversed the increasing sale price trend we were seeing in Westwego and other cities in 70094.   As always, working with an experienced West Bank REALTOR® will allow you to prepare and price your home to sell.  For a detailed market analysis of your West Bank home, please

contact Lisa Heindel.

 

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

 

 

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Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

Westwego, Avondale and Bridge City, LA: May 2008 Real Estate Absorption Report

The overall supply of homes for sale in Westwego, Avondale and Bridge City has increased slightly from the 8.1 months observed in April to the current 8.2 month supply.  Keep in mind that a balanced real estate market has a 5-6 month supply of homes for sale…more than that indicates a buyers market for the area.

 

Westwego homes priced in the under $100,000 range are selling very well and sellers in this price range can feel fairly comfortable that they will be able to sell their homes in a relatively short period of time.  The $100,000-$140,000 range has slowed slightly, but is still performing.  The number of homes listed for sale has remained steady with 4 more listings than we saw at this time last month.  Since homes in the over $200,000 price range are continuing to sit on the market, sellers should be sure that their homes are being exposed to the widest possible audience through their marketing plan.  Feel free to call me to talk about how I market my listings!

 

The $100,000-$160,000 range accounts for 55% of the current listings and 44% of the recent sales.  Sellers in this price range need to not only be aggressive in pricing their homes, they also need to remember to make them “show ready” at all times.  Buyers have a large number of choices and are opting for those homes that they perceive to be the best value in their price range.  Also, sellers should remain open to negotiating closing cost assistance to buyers, who are no longer able to get 100% financing.  More and more often, I’m seeing these assistance requests on mid-range priced homes since buyers are having to come up with more down payment funds.

 

Westwego, LA  70094

 

 

Data provided by Latter & Blum REALTORS® and is deemed reliable, but not guaranteed.

 

Remember, this report is for the entire zip code 70094.  If you would like a personalized report for your home and neighborhood, please contact Lisa Heindel, REALTOR®.  I’d be happy to help keep you up to date with your piece of the Westwego real estate market.

 

 

Related Reading:

Westwego, Avondale and Bridge City, LA: April 2008 Home Sales and Real Estate Market Report

Make Your Home the Star of the Neighborhood - Stage It!

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

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Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed,

Copyright 2008.  Lisa Heindel, All rights reserved.

Westwego, Avondale and Bridge City, LA: April 2008 Real Estate Absorption Rate

Not much has changed in the Westwego, Avondale and Bridge City real estate market since our March report.

• The number of months supply dipped slightly from 8.7 in March to 8.1 in April
• The under $100,000 market continues to sell very well, making up almost half of the sales for the last 90 days
• Sellers in Westwego, Avondale and Bridge City may want to review the 5 Dos and Don’ts for Home Sellers on the New Orleans West Bank

Westwego, Avondale and Bridge City, LA

as of 4/24/2008

 

            

 

Are you considering selling your Westwego, Avondale or Bridge City home?  Be sure to hire an experienced West Bank REALTOR® to help you properly prepare, price and market your home this spring.

 

Related Reading

7 Keys to Selling Your House When Sales are Slow

Selling Your Home Is A Business - Run It Like One!

Westwego, Avondale and Bridge City, LA: March 2008 Home Sales and Real Estate Market Update

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All information obtained from the Gulf South Real Estate Information Network and is deemed reliable but not guaranteed.

 

Copyright 2008.  Lisa Heindel, All Rights Reserved.

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