West Bank Living

Terrytown and Gretna Homes for Sale as of 7/2/2008

• Zip code 70056 only
• 199 active listings, priced from $30,000 to $1,200,000
• 7 pending (offer accepted but still showing) listings, priced from $99,900 to $279,900
• 17 under contract listings, priced from $99,999 to $449,000
• Based on the June 2008 sales, there is a 14 month supply of homes for sale in Terrytown and unincorporated Gretna.  This is well above the 5-6 month supply of homes in a balanced real estate market and puts the area firmly in a buyer’s market.

Terrytown and Gretna, LA Home Sales - January 2008 through June 2008

• 14 homes were sold in June 2008, continuing the downward trend in Terrytown and Gretna sales for zip code 70056
• The average days on market for June 2008 was 58
• Quarterly sales were up in the 2nd quarter of 2008 compared to the 1st quarter, but if the current trend continues we can expect to see a drop in 3rd quarter numbers

Terrytown and Gretna Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown and Gretna Average Home Sale Price - January 2008 through June 2008

• The average sales price for homes sold in Terrytown and Gretna in June 2008 was $150,993, down from $152,289 in May 2008
• Average sales prices for 2nd quarter 2008 were up slightly to $171,401
• The average listing price in Terrytown and Gretna is $224,958, significantly higher than the average sales price and indicating that buyers are continuing to look for the best value in their price range.

Terrytown and Gretna Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Gretna or Terrytown home, please contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Terrytown and Gretna, LA 70056- June 2008 Real Estate Absorption Rates

Terrytown and Gretna, LA 70056 - Historical Real Estate Market Reports

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 LISTED ~ Home for sale in Terrytown LA

This wonderful home is seeking a new owner…

581 W. Marlin Court in Terrytown, LA has everything on your wish list right down to the front porch swing to sit and relax on:

• 3 bedrooms and 2 full baths
• Large living and dining combination
• Spacious den with breakfast area
• Oversized master with private bath
• Double car attached garage
• Inground swimming pool

What’s in Terrytown?

Terrytown, LA provides many nearby amenities, such as the Terrytown Library, Oakwood Shopping Center, local dining and retail shops all along Terry Parkway and plenty of organized sports opportunities at Terrytown Playground.  Only a couple of miles from the Crescent City Connection to downtown New Orleans, Terrytown is also a great choice for military relocations with short commutes to both NAS JRB New Orleans and NSA New Orleans.

Jefferson Parish Public School Information

Jefferson Parish Parochial School Information

West Bank MOMS Club

When buying or sellimg your Terrytown home, rely on a local, professional West Bank REALTORR to guide you through the process.  Contact Lisa Heindel for more information about West Bank Living today!

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 the City of Gretna.

• 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.
• There is a oversupply of homes for sale in Gretna priced between $120,000 and $160,000, presenting a great opportunity for home buyers interested in living in the city limits.  With easy access to the Gretna Courthouse and other parish government buildings, living in the City of Gretna is a great gas saver for employees.
• The overall 9.2 month supply of homes for sale in Gretna is down from May’s 11 month supply.

Real Estate Absorption Rates for Gretna 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 Gretna, 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 market. 

Related Reading:

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 for the City of Gretna (70053)

• 50 homes for sale as of 6/2/2008, priced from $35,000 to $310,000
• 17 homes are pending sale or under contract, priced from $59,000 to $275,000
• 10 homes were sold during the month of May 2008.  Based on this sales rate, there is a 5 month supply of homes for sale in the City of Gretna (a balanced real estate market).  This is a dramatic change from the single sale recorded in April 2008.

• The average home sale price in Gretna for May 2008 was $147,515, up from $109,00 in April
• The year to date average home sale price in Gretna is $147,624
• The average home list price in Gretna is $174,272
• The average days on market for homes sold in May 2008 was 101

Finally, closings have started to happen in the City of Gretna.  Looks like those pending sale were just taking awhile to get to the closing table, which is not unusual with so many more purchasers using FHA financing.  If you are interested in selling your Gretna home, be sure to talk to an experienced West Bank REALTOR® about how to properly price and prepare your home for sale.  For more information about selling your West Bank home, contact Lisa Heindel.

Related Reading:

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.

Here is the mid-month review of real estate absorption rates in the City of Gretna.

Gretna, LA  70053

The overall supply of homes for sale in the City of Gretna has increased from the 9.8 months observed in April to the current 11.13 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.

Homes priced in the $100,000-$120,000 range are still selling well.  The fact that there are homes still on the market for less than $100,000 is generally an indicator of their condition.  Investors are willing to buy properties in even the poorest condition, but the price must be right.  Don’t expect market values for a home that will only appeal to this segment of the buying population.

Working with some buyers lately, I know that several of these homes are overpriced based on recent, comparable sales.  A buyer’s market is not the time to "test the waters" with your home.  If you need to sell, your home needs to be properly prepared and priced from the moment it hits the market or you’ll be lost in the crowd of other overpriced homes for sale.

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

Remember, this report is for the entire City of Gretna (zip code 70053).  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 Gretna real estate market.

Related Reading:

City of Gretna, LA: 70053 April 2008 Home Sales and Real Estate Market Report

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.