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.

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.

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.

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!