Harvey LA: July 2008 Home Sales and Real Estate Market Reports
August 5, 2008 by Lisa Heindel
Filed under Blog, Harvey, Market Updates
Current real estate statistics for Harvey LA as of 8/5/2008:
- 213 active listings, priced from $35,000 to $1,400,000
- 7 pending sales (offer accepted but still showing), listed from $119,900 to $339,000
- 51 under contract listings, priced from $20,000 to $450,000
Based on July sales, there is a 10.3 month supply of homes for sale in Harvey, compared to a 9.7 month supply at the end of June.
Harvey LA - Number of homes sold July 2008
- The average sale price of a Harvey home sold in July 2008 was $145,049 compared to $153,823 in June
- The year to date average sale price in Harvey is $152,346
- Average days on market for July was 77 and the year to date average is 82
The average first time home buyer in Harvey is using FHA financing, so sellers need to be aware of the recent changes to the FHA down payment requirements.
Harvey LA - Average Single Family Home Sale Price July 2008
For a detailed market analysis of your Harvey home, contact Lisa Heindel, your West Bank real estate specialist. I’d be happy to show you how I’ve helped other home sellers price and prepare their homes for today’s market.
Related Reading:
- Harvey LA 70058- July 2008 Real Estate Absorption Report
- Previous Harvey LA Real Estate Market Reports
- 5 Steps to Choosing Your New Orleans West Bank Real Estate Agent
All data compiled from GSREIN and is deemed reliable, but not guaranteed.
Welcome to Harvey
Part of Jefferson Parish, on the West Bank of New Orleans, Harvey has experienced rapid growth in the last few years, especially along the Manhattan Blvd. shopping corridor. New retail and dining options are popping up left and right! A drive down Manhattan will allow you to shop at national chains such as Best Buy, Pier 1, Linens-n-Things, Circuit City, Bed Bath & Beyond, Target, Lowe’s, WalMart, Sam’s Club and more. Hungry? Check out Chili’s, Semolina’s, several Asian cuisine options (including one of my favorite restaurants, Eastern) and the newly opened Parrot Pete’s and Alligator Pear in the almost complete Fountain Park Center pictured above. Or, just stop in and grab a cup of java at Starbucks.
With easy access to the Crescent City Connection and downtown New Orleans, Harvey is home to some of the most exclusive communities in the area. Barkley Estates, Magnolia Trace and The Residence at Park Avenue offer gated, upscale living. If you love to golf, Timberlane Golf Course and the Links at Stonebridge are just a few minutes away in Gretna.
Local Government
Jefferson Parish Assessor’s Office - information on property taxes in Harvey LA
Jefferson Parish Sheriff’s Office
Local Schools
Jefferson Parish Public School Information
Jefferson Parish Parochial School Information
Other Local Information
West Bank Regional Library - Harvey
Harvey, LA 70058: June 2008 Real Estate Absorption Rates
Here is a quick look at the current real estate market in Harvey, 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.
- The under $80,000 price ranges are doing very well in Harvey, indicating a current sellers market in these popular price ranges.
- The overall supply of homes for sale in Harvey rose from 9.3 in May to the current 11.4 months of inventory.
- Most price ranges in Harvey are indicative of a buyer’s market at this time, which is no big surprise for those of you who have been following the market
Real Estate Absorption Rates for Harvey, LA as of 6/18/2008
If you are considering selling your home in Harvey, 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:
Harvey, 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!
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.
Harvey, LA: May 2008 Real Estate Absorption Report
May 16, 2008 by lisa
Filed under Blog, Harvey, Market Updates
The overall supply of homes for sale in Harvey has increased from the 8.7 months observed in April to the current 9.3 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 under $100,000 range are selling very well and sellers in this price range can feel fairly comfortable that they can 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 5 fewer listings than we saw at this time last month.
The most active price range is $120,000-$180,000, so sellers in this 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 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.
Harvey, LA 70058
Data provided by Latter & Blum REALTORS® and is deemed reliable, but not guaranteed.
Remember, this report is for the entire zip code 70058. 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 Harvey real estate market.
Related Reading:
Harvey, 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
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.
OFF THE MARKET! 1425 Spanish Oaks Drive Harvey, LA 70058
May 4, 2008 by lisa
Filed under Blog, Featured Listings, Harvey Homes for Sale
Imagine opening the front door at the end of a hard day and being greeted with this….
Welcome to 1425 Spanish Oaks Drive! New on the market, this home had an overhaul in 2006.
It’s a fabulous, open floor plan with loads of improvements….recessed lighting, new ceiling fans and easy care ceramic tile throughout.
With almost 1,900 square feet of living area, you can entertain to your hearts content then retreat to peace and quiet at the end of the day.
- 3 bedrooms
- 2 full baths
- Double attached garage
- All appliances remain, including washer, dryer and refrigerator
Priced to sell at only $184,000, don’t delay in making your appointment!
For more information and photos, visit 1425 Spanish Oaks Drive.
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.
Copyright 2008. Lisa Heindel, All rights reserved.
