Welcome to Marrero
Part of Jefferson Parish on the West Bank of New Orleans, Marrero is a largely residential area, tucked between Harvey and Westwego. With West Jefferson Medical Center as a vital part of the community, there is a large population of medical personnel who live alongside the folks who have called Marrero home for generations.
The main thoroughfare in Marrero is Barataria Blvd., with local and national dining options (Outback Steakhouse, Shoney’s and several fast food options) along with shopping in several small strip centers. With easy access to either the Crescent City Connection to downtown New Orleans or the Huey P. Long Bridge to Metairie, Marrero is centrally located for commuters traveling in either direction.
Marrero Government
Jefferson Parish Assessor’s Office - information on property taxes in Marrero
Jefferson Parish Sheriff’s Office
Marrero Schools
Jefferson Parish Public School Information
Jefferson Parish Parochial School Information
Other Marrero Information
Jefferson Parish Parks and Recreation
Marrero, LA: June 2008 Home Sales and Real Estate Market Reports
July 4, 2008 by lisa
Filed under Blog, Market Updates, Marrero
Marrero LA Homes for Sale as of 7/2/2008
- 275 active listings, priced from $64,000 to $1,600,000
- 14 pending (offer accepted but still showing) listings, priced from $114,900 to $249,900
- 1 open predication offer, priced at $165,000
- 50 under contract listings, priced from $54,900 to $357,400
- Based on June 2008 sales, there is a 9.8 month supply of homes for sale in Marrero, still above the 5-6 month supply of a balanced real estate market and indicating that Marrero represents some great opportunities for qualified buyers.
Marrero, LA Home Sales - January 2008 through June 2008
- 28 homes were sold in Marrero in June 2008, compared to 35 sold in May
- Days on market for June ranged from 3 to 342, with an average of 99
- Marrero home sales in the 2nd quarter of 2008 were down slightly from the 1st quarter
Marrero, LA Homes Sales - 2nd Quarter 2007 through 2nd Quarter 2008
Marrero LA Average Home Sale Prices - January 2008 through June 2008
- The average Marrero home sale price in June 2008 was $170,633, up significantly from May. However, May appears to have been a blip in sales as evidenced by the chart above.
- The average listing price in Marrero is $189,768, still well above the average sales for the last 6 months in the area. Sellers need to review their pricing and condition to be sure that they are as competitive as possible since it is still a buyer’s market in Marrero at this time.
- 2nd quarter average sale prices were up from the 1st quarter, but again, this can be attributed to the low sales prices seen in May 2008.
Marrero LA Average Home Sales Prices - 2nd Quarter 2007 through 2nd Quarter 2008
For a detailed market analysis of your Marrero home, contact Lisa Heindel, your West Bank real estate specialist.
Related Reading
Marrero, LA- June 2008 Real Estate Absorption Rates
Marrero, LA - Historic Real Estate Market Reports
5 Dos and Don’ts for Home Sellers
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.
Marrero, LA: June 2008 Real Estate Absorption Rates
June 21, 2008 by lisa
Filed under Blog, Market Updates, Marrero
Here is a quick look at the current real estate market in Marrero, 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 $160,000 are continuing to sell very well in Marrero, since this is the lower end of the market in a demand area of the West Bank
- The overall supply of homes for sale in Marrero dropped from 8.1 in May to the current 7.5 months of inventory, the lowest across the West Bank
- Highlighted price ranges show categories that fall into or right above a balanced/seller’s market at this time. Home owners in the $225,000 to $250,000 may want to consider a price adjustment given the large amount of competition and the small number of homes being sold in that range.
Real Estate Absorption Rates for Marrero, 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 Marrero, 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:
Marrero, 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.
Marrero, LA: May 2008 Real Estate Absorption Report
May 16, 2008 by lisa
Filed under Blog, Market Updates, Marrero
The overall supply of homes for sale in Marrero has decreased slightly from the 8.3 months observed in April to the current 8.1 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 $160,000 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 $160,000-$200,000 range accounts for 41% of the current listings but only 24% of the recent sales. Sellers in this price 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 those 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.
Marrero, LA 70072
Data provided by Latter & Blum REALTORS® and is deemed reliable, but not guaranteed.
Remember, this report is for the entire zip code 70072. 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 Marrero real estate market.
Related Reading:
Marrero, 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.
