Harvey LA 70058: August 2008 Home Sales and Real Estate Market Reports
September 12, 2008 by Lisa Heindel
Filed under Blog, Harvey, Market Updates
Current real estate market statistics for Harvey LA as of 9/12/2008:
- 190 active listings, priced from $59,800 to $1,400,000
- Average list price of $219,399
- 16 pending sales (accepted, but continuing to show) priced from $85,000 to $339,000
- 41 under contract listings, priced from $20,000 to $319,000
- Based on August 2008 sales, there is currently an 8.6 month supply of homes for sale in Harvey LA
Harvey LA - Number of Homes Sold August 2008
The number of homes sold each month in Harvey has remained mostly flat from month to month in 2008, averaging 22 sales per month, compared to the monthly average of 27 in 2007.
Harvey LA - Average Home Sale Price August 2008
The average home sale price for Harvey in August was $181,070. Year to date, the average sale price is $157,537. As you can see from the year to year comparison chart below, average values have declined about 8% from 2007 and 11% from 2006.
What does this mean for home sellers in Harvey?
It means that in order to be one of those 22 lucky sellers next month, your home needs to offer the best value to home buyers. I’ve found that most buyers right now are looking for move-in ready homes - if your home doesn’t fit that description then you need to either make the necessary improvements to get it there or you need to adjust your listing price to offset that fact.
All information compiled from data supplied by GSREIN and is deemed reliable, but not guaranteed.
Are you considering selling your Harvey home? Contact Lisa Heindel for a confidential market analysis of your individual neighborhood and an online marketing plan designed to expose your home to the largest number of qualified buyers. Today’s market demands a LOCAL expert on your side.
Related Reading:
- 4 Things to Expect From Your Agent When Selling Your West Bank Home
- Home Selling Tips - Keep Your Eye on the Bottom Line
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
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 Home Sales and Real Estate Market Report
June 3, 2008 by lisa
Filed under Blog, Harvey, Market Updates
May 2008 Single family home sales in Harvey, LA
- 200 homes for sale in Harvey as of 6/2/2008
- 56 homes pending sale or under contract, priced from $69,900 to $305,900
- 17 homes sold in May 2008, priced from $37,000 to $335,000, up from the 12 sold in April
- Based on current sales, there is a 11.8 month supply of homes for sale in Harvey, well above the 5-6 month supply in a balanced real estate market
- The average home sale price in Harvey for May 2008 was $141,012, up from $118,246 in April
- The year to date average home sale price in Harvey is $153,509
- The average home list price in Harvey is $219,159
- The average days on market for homes sold in May 2008 was 62
Harvey homes are continuing to sell, but at a rate of about 50% fewer per month that at the same time in 2007. Working with an experienced West Bank REALTOR® who can help with preparation and pricing is imperative to achieve success in our current market. For a detailed market analysis of your Harvey home, please 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.
