Belle Chasse LA Home Sales and Real Estate Absorption Report for August 2008

Belle Chasse LA Absorption Rates as of 8/18/2008

• The current supply of homes for sale in Belle Chasse is 9 months, down from 9.9 at the same time in July.
• Homes in the $225-250,000 price range are continuing to sell well, especially with more military personnel being relocated to NAS JRB in the coming months.
• The increase in population at the base should continue to keep sales in Belle Chasse fairly steady, since the school system remains such a draw for relocating families.

Remember, the odds below are an estimate, not a guarantee that your home will sell within this time frame.

Related Reading:

What Is A Real Estate Absorption Rate?

For more information on buying or selling your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.

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

Belle Chasse LA: July 2008 Home Sales and Real Estate Market Reports

Current home sale statistics for Belle Chasse LA as of 8/5/2008:

• 66 active listings, priced from $107,700 to $2,750,000
• 1 sale pending but continue to show listing, priced at $189,000
• 6 under contract listings, priced from $120,000 to $419,900

Based on July sales, there is a 13 month supply of homes for sale in Belle Chasse LA, compared to 7.4 months at the end of June.  This increase in the projected supply of homes for sale is due to the drop in the number of homes sold from 9 in June to 6 in July.

Belle Chasse LA - Number of Single Family Homes Sold July 2008

 

• The average sale price in Belle Chasse for July 2008 was $305,066, compared to $378,422 in June.
• The year to date average sale price in Belle Chasse is $276,886
• The current average listing price is $390,418 - sellers take note!
• Average days on market for July was 124, while the year to date average is 95

Belle Chasse LA - Average Single Family Home Sale Price July 2008

 

For a detailed market analysis of your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.  I’d be happy to discuss pricing, preparation and getting your home sold.

Related Reading:

• Belle Chasse LA- July 2008 Real Estate Absorption Report
• Previous Belle Chasse Real Estate Market Reports
• Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home

All data compiled from GSREIN and is deemed reliable, but not guaranteed.

Belle Chasse, LA: May 2008 Home Sales and Real Estate Market Report

May 2008 Home Sales in Belle Chasse, LA

• 70 homes currently for sale in Belle Chasse, compared to 61 last month
• 6 homes sold in May 2008, compared to 5 sold in April 2008
• 11 homes are pending sale or under contract, priced from $195,000 to $1,250,000
• Based on current sales, there is a 11.67 month supply of homes for sale in Belle Chasse.  Last months supply was 7.6 months, so it shows how just a slight increase in the number of homes for sale can drastically change that absorption rate.

• The average sale price in Belle Chasse for May 2008 was $247,083, up from $228,900 in April.
• The average listing price of homes for sale in Belle Chasse is $397,710
• The average listing price of homes under contract in Belle Chasse is $424,089

The Belle Chasse real estate market is continuing its up and down movement in pricing, but has shown continuous improvement in 2008.  When working with an experienced West Bank REALTOR® to sell your Belle Chasse home, you will be provided with all of the information you need to price and prepare your home for selling success.

 

Related Reading:

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

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.

Belle Chasse, LA: March 2008 Home Sales and Real Estate Market Update

Before reviewing the past, take a look at the present (as of 4/6/2008) real estate market statistics for Belle Chasse, LA:

• 56 active listings, priced from $100,000 to $2,750,000
• 1 pending listing (contract accepted, but continuing to show) priced at $239,500
• 2 open predication listings (contract accepted, waiting on purchaser’s home to sell) priced from $324,000 to $399,000
• 8 under contract listings, priced from $184,900 to $345,000

Belle Chasse, LA - Number of Home Sales

 

 

March 2008 recorded 8 home sales in Belle Chasse, compared to 7 in March 2007 and 14 in March 2006.  Based on March sales and the current inventory, Belle Chasse has approximately a 7 month supply of homes for sale, just slightly above a balanced market.

The graph below clearly shows a trend of higher sales each quarter in Belle Chasse for the last 9 months, good news for home sellers in the area.

Belle Chasse, LA - Average Home Sale Prices

 

 

The March 2008 average home sale price in Belle Chasse was $282,863, compared to $304,271 for the same period of 2007.  Average days on market was 80, compared to 64 in March 2007.

What does all of this mean? 

Well, essentially, Belle Chasse has one of the most balanced real estate markets on the West Bank of New Orleans.  The supply of homes for sale is currently almost in balance with the number of buyers purchasing homes each month in the area.  The only negative factor in the Belle Chasse market continues to be the high cost of home owner’s and flood insurance policies.

Homes that are priced right and ready to show in Belle Chasse can expect to sell in a relatively quick marketing time! 

If you need to know more about pricing your Belle Chasse home to sell or how to get your home ready to sell, please contact Lisa Heindel, REALTOR®.  Whether it is a buyer’s market or a seller’s market, you need proven, local representation to handle all of the details of your purchase or sale.  I’d love to show you how I can help!

Belle Chasse, LA: February 2008 Home Sale Market Report

The number of single family home sales in Belle Chasse, Louisiana in February was the highest recorded in the past 6 months, as the area continues to be attractive to West Bank home buyers.  The market in Belle Chasse is stabilizing, with a 5.1 month supply of homes for sale.  This is right in line with a balanced market of supply and demand and is good news for the region.

Currently active listings in Belle Chasse:  51

High list price:  $2,750,000

Low list price:  $100,000

February average sale price in Belle Chasse:  $226,665

Average days on market, February 2008:  73

As the sale prices work their way down, the average days on market is following suit, dropping from 138 in January to 73 in February.  The average February sale price of $226,665 in Belle Chasse was the lowest since January, 2006.  As home sellers become more attuned to the market and better prepare their homes for sale, success is following!

These reports are intended to provide a broad overview of the Belle Chasse real estate market.  If you would like a more in-depth report of sales in your particular Belle Chasse neighborhood, please email your request to lisa@lisaheindelsells.com and your specialized report will be prepared and delivered via email within 48 hours.

All data is compiled from the Gulf South Real Estate Information Network and is deemed reliable, but not guaranteed.

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Copyright 2008. Lisa Heindel, All rights reserved.

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