West Bank Living

Belle Chasse Homes for Sale as of 7/2/2008

• 67 active listings, priced from $113,300 to $2,750,000
• 1 pending (offer accepted but continuing to show) listing priced at $195,000
• 7 under contract listings, priced from $161,900 to $425,000
• Based on June 2008 sales, there is a 7.4 month supply of homes for sale in Belle Chasse, slightly above the 5 to 6 month supply of a balanced real estate market.

Belle Chasse Home Sales - January 2008 through June 2008

• 9 homes sold in June 2008, up from 6 in May 2008
• The average days on market for June 2008 was 123
• Quarterly sales remained flat from 1st quarter to 2nd quarter 2008 (23 in each quarter)

Belle Chasse Home Sales - 2nd Quarter 2007 through 2nd quarter 2008

Belle Chasse Average Home Sale Price - January 2008 through June 2008

• The average home sale price in June 2008 was $378,422, up from the May 2008 average of $247,083.  This large increase in the average sale price can be attributed to the sale of a $1,100,000 home in June.
• The average home sale price in the 2nd quarter of 2008 was $246,143, down from the 1st quarter average of $259,576.
• The current average list price is $402,492, significantly higher than recent average sales prices.  Sellers in Belle Chasse should remember that buyers have many choices in today’s market and they are looking for the best values in their price range.

For a detailed market analysis of your Belle Chasse home, contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Belle Chasse, LA- June 2008 Real Estate Absorption Rates

Belle Chasse, LA - Historic Real Estate Market Reports

Choosing a Tech Savvy REALTORR to Sell Your West Bank Home

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

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.

Here is a quick look at the current real estate market in Belle Chasse, LA.

• A balanced real estate market has on average a 5-6 month supply of homes for sale.  Typically, over 6 months of inventory indicates a buyers market.
• Homes priced under $200,000 are flying out of Belle Chasse, since this is the lower end of the market in a demand area
• The overall supply of homes for sale in Belle Chasse rose from 10.7 in May to the current 13.8 months of inventory. 
• Highlighted price ranges show categories that fall squarely into a seller’s market at this time

Real Estate Absorption Rates for Belle Chasse, LA as of 6/18/2008

Remember, an absorption report is a snapshot of the market at the current time, and the statistical odds of selling in 90 days will vary depending on the number of homes for sale and recent closed sales.  This is not a guarantee that your home will sell within this timeframe, only a tool to use to gauge buyer interest in the various price ranges in the area.

If you are considering selling your home in Belle Chasse, it’s critical to be aware of the current market environment and to understand what competition you are facing.  For local, expert advice when selling your New Orleans West Bank home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help you properly prepare and price your home for our current, challenging real estate market. 

Related Reading:

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

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

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

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

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.

The overall supply of homes for sale in Belle Chasse, LA has increased slightly from the 10.2 months observed in April to the current 10.7 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.

Belle Chasse homes priced in the under $200,000 range are selling very well and sellers in this price range are almost guaranteed a sale within a relatively short period of time.  The $225,000-$250,000 range improved since April, cutting the supply of homes almost in half.  The number of homes listed for sale has remained steady with 3 fewer listings than we saw at this time last month. 

The $250,000-$300,000 range is moving slowly, as are homes priced above $350,000 (no sales in the last 90 days).  The high cost of insurance in Plaquemines Parish continues to be an issue for home buyers, especially first time buyers, oftentimes increasing their mortgage payments dramatically and causing them to look to other parts of the West Bank for homes.   If you are a seller on the upper end of the Belle Chasse housing market, be sure to keep your home in "show ready" condition - don’t give those rare buyers a reason to move on to another home.

Belle Chasse, LA  70037

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

Remember, this report is for the entire zip code 70037.  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 Belle Chasse real estate market.

Related Reading:

Belle Chasse, 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

When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

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.

Just a few miles away from the hustle and bustle of the city of New Orleans, on the West Bank of the Mississippi River, Pleasant Ridge Estates is an exclusive, gated community in Belle Chasse, LA.

Developed in 1996, Pleasant Ridge Estates offers upscale, custom homes for discriminating buyers in a secure area with state of the art video camera surveillance that is owner accessible online.  Along with a prime location in Plaquemines Parish, Pleasant Ridge Estates home owners have access to the highly sought after Belle Chasse public schools system.

The Pleasant Ridge Estates Home Owner’s Association is the sponsor of varied neighborhood activities such as:

• Garden of the Month awards
• Annual Christmas decorating contest
• Annual Night Out Against Crime
• Annual Easter festivities

Recent Sales in Pleasant Ridge Estates

Sales are few and far between in Pleasant Ridge Estates.  In the last year there have been only 2 sales in the community.  A home on Primrose Drive sold for $490,000 in January 2008 and a home on Pleasant Ridge Drive sold for $552,500 in November 2007.

Buyer Opportunities in Pleasant Ridge Estates

Resale homes - It comes down to three.  There are 3 exclusive homes  available for sale in Pleasant Ridge Estates at this time, priced from $425,000 to $799,999.  These custom built homes all have 4 bedrooms and 3 1/2 to 4 1/2 baths with sizes ranging from 2,800 square feet of living area to over 3,900 square feet.

Vacant land - With 2 lots available for sale, there are still opportunities to build your dream home in Pleasant Ridge Estates.  Lots are priced from $138,900 to $150,000 and subdivision covenants and restrictions will apply to any new construction.

Interested in buying or selling?

For more information on living in Pleasant Ridge Estates, for a private tour of available homes, or for a free market analysis of your Pleasant Ridge Estates home, please contact Lisa Heindel, REALTOR® by phone at (504) 616-6262 or by email at lisa@lisaheindelsells.com.  I’ll be happy to introduce you to this beautiful West Bank community.

• West Bank Homes for Sale – Find a home for sale on the West Bank or other New Orleans metropolitan area.
• Contact Lisa Heindel for help buying or selling your New Orleans area home
• Free online home evaluation of your New Orleans West Bank home

Copyright 2008. Lisa Heindel, All rights reserved.

I recently posted the 2006 and 2007 home sales information for Belle Chasse, LA here:

Belle Chasse LA: 2007 Home Sales Market Report

An overview of the Belle Chasse home sale market is a helpful tool, but I like to go a little deeper and take a look at the individual price ranges and how they are performing.  This opens a window into the recent activity by home buyers in the area, a chance to see what they are looking for.

A review of the absorption report for Belle Chasse, LA shows that there is an overall 14.4 month supply of homes for sale.   A healthy real estate market has, on average, about a 5 to 6 month supply of homes for sale.  Belle Chasse currently has more than a year’s worth of inventory, if no more homes are placed on the market (which we know is not realistic).  In the over $250,000 price range, only 2 sales have been closed in the last 3 months.  Unless buying rates increase, sellers are in for the long haul when marketing their Belle Chasse property for sale.  This is not meant to be doom and gloom, but home buyers and sellers need to be aware of the realities of today’s market.

What does this mean for Belle Chasse home sellers?

In order to grab the attention of the buyers that are looking in your market, it is critical that your home is priced right and shows well.  As you can see from the chart below, there is a lot of competition for those buyers, and they will simply move on from an overpriced home rather than trying to haggle with a seller who is holding out for a higher price.  With only 4.3 homes per month selling, what are you doing to make yours stand out?

What does this mean for Belle Chasse home buyers?

You have the greatest number of choices in homes for sale right now, in a wide variety of price ranges.  While sellers may be flexible in prices and terms, they will not entertain offers from buyers who have not taken the time to visit their mortgage lender to get pre-approved.  The first step in your home buying process is to meet with a reputable (and preferably local) lender who can explain all of your financing options and help you narrow down your price range to one that you are comfortable with.

Belle Chasse, LA Home Sales in Zip Code 70037

(as of 1/5/2008)

Reports like the one above can also be prepared for individual neighborhoods.  If you would like more information on buying or selling a home in Belle Chasse, please contact Lisa Heindel, REALTOR®.  I would be happy to prepare a personalized report for you or provide you more in depth information on the market in your neighborhood.

When buying or selling a home on the West Bank of New Orleans, you deserve professional, local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers and sellers in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

West Bank Homes for Sale – Find a home for sale on the West Bank or other New Orleans metropolitan area.

Contact Lisa Heindel for help buying or selling your New Orleans area home

Free online home evaluation of your New Orleans West Bank home

Copyright 2007. Lisa Heindel, All rights reserved.