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 Real Estate Absorption Rates
June 21, 2008 by lisa
Filed under Blog, Marrero, Real Estate Market Updates
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 Home Sales and Real Estate Market Report
June 3, 2008 by lisa
Filed under Blog, Marrero, Real Estate Market Updates
May 2008 Home Sales in Marrero, LA
- 265 homes currently listed for sale in Marrero, LA
- 69 homes are under contract or pending sale, priced from $45,000 to $395,000
- 35 homes sold in May 2008, compared to 26 in April 2008
- The average home sale price in Marrero for May 2008 was $149,152, down from $165,776 in April
- The year to date average home sale price in Marrero is $157,971
- The average listing price in Marrero is $187,726
- The average days on market for Marrero homes sold in May was 79, right at the 2008 year to date average
Reviewing the average sale prices vs the average listing price, it becomes obvious that Marrero home sellers need an experienced West Bank REALTOR® to assist in preparing and pricing homes for sale. For an detailed market analysis of your Marrero home, please contact Lisa Heindel.
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.
Marrero, LA: May 2008 Real Estate Absorption Report
May 16, 2008 by lisa
Filed under Blog, Marrero, Real Estate Market Updates
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.
Marrero, LA: April 2008 Home Sales and Real Estate Market Report
May 1, 2008 by lisa
Filed under Blog, Marrero, Real Estate Market Updates
The Marrero real estate market slowed in April 2008, with 26 homes sold compared to 39 in March. The number of active listings was steady, showing a slight reduction from the 265 listed just one month ago. Based on the April sales, there is a 13.9 month supply of homes for sale in Marrero, definitely a buyer’s market overall.
- Active listings: 259
- Average list price: $191,919
- Pending but continue to show listings: 11 (Average list price $121,773)
- Open predication listings: 2 (Average list price $252,500)
- Under contract listings: 56 (Average list price $167,293)
Marrero Home Sales for April 2008
Marrero Average Home Sales Prices for April 2008
Despite the reduction in the number of homes sold in April, the average sale price showed another increase, ending the month at $165,776 - the highest yet for 2008 and higher than the same period last year.
While this report covers the entire community of Marrero, individual neighborhood reports can be prepared for you. If you would like a report of sales in your Marrero subdivision, please feel free to contact me or give me a call at (504) 616-6262.
Related Reading:
Marrero, LA: April 2008 Real Estate Absorption Report
5 Steps to Choosing Your New Orleans West Bank Real Estate Agent
Copyright 2008. Lisa Heindel, All rights reserved.
