Marrero LA 70072: July 2008 Real Estate Absorption Report
July 21, 2008 by Lisa Heindel
Filed under Blog, Market Updates, Marrero
The Marrero real estate market has slowed just a touch from June, with inventory increasing from 7.5 months to the current 8.3 months
- Active listings have increased from 263 to 273, while listings sold per month have dropped from 35 to 32.7
- Homes in the first time buyer price range still face a lot of competition, so sellers should stay up to date with what’s going on in their neighborhoods to remain at the top of the “must see” list
Marrero LA 70072 Real Estate Absorption Rates as of 7/21/2008
The odds listed here are an estimate, not a guarantee that your home will sell in this time frame
Data supplied by Latter & Blum REALTORS and is deemed reliable, but not guaranteed
Are you considering selling your Marrero home? For professional, local advice from a West Bank real estate specialist, contact Lisa Heindel. I’d be happy to help you understand the current market and how to price your home to sell.
Related Reading:
What Is A Real Estate Absorption Rate?
Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home
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: May 2008 Home Sales and Real Estate Market Report
June 3, 2008 by lisa
Filed under Blog, Market Updates, Marrero
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, 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.
