West Bank Living

Terrytown and Gretna Homes for Sale as of 7/2/2008

• Zip code 70056 only
• 199 active listings, priced from $30,000 to $1,200,000
• 7 pending (offer accepted but still showing) listings, priced from $99,900 to $279,900
• 17 under contract listings, priced from $99,999 to $449,000
• Based on the June 2008 sales, there is a 14 month supply of homes for sale in Terrytown and unincorporated Gretna.  This is well above the 5-6 month supply of homes in a balanced real estate market and puts the area firmly in a buyer’s market.

Terrytown and Gretna, LA Home Sales - January 2008 through June 2008

• 14 homes were sold in June 2008, continuing the downward trend in Terrytown and Gretna sales for zip code 70056
• The average days on market for June 2008 was 58
• Quarterly sales were up in the 2nd quarter of 2008 compared to the 1st quarter, but if the current trend continues we can expect to see a drop in 3rd quarter numbers

Terrytown and Gretna Home Sales - 2nd Quarter 2007 through 2nd Quarter 2008

Terrytown and Gretna Average Home Sale Price - January 2008 through June 2008

• The average sales price for homes sold in Terrytown and Gretna in June 2008 was $150,993, down from $152,289 in May 2008
• Average sales prices for 2nd quarter 2008 were up slightly to $171,401
• The average listing price in Terrytown and Gretna is $224,958, significantly higher than the average sales price and indicating that buyers are continuing to look for the best value in their price range.

Terrytown and Gretna Average Home Sale Price - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Gretna or Terrytown home, please contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

Terrytown and Gretna, LA 70056- June 2008 Real Estate Absorption Rates

Terrytown and Gretna, LA 70056 - Historical Real Estate Market Reports

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.

JUST LISTED ~ Home for sale in Terrytown LA

This wonderful home is seeking a new owner…

581 W. Marlin Court in Terrytown, LA has everything on your wish list right down to the front porch swing to sit and relax on:

• 3 bedrooms and 2 full baths
• Large living and dining combination
• Spacious den with breakfast area
• Oversized master with private bath
• Double car attached garage
• Inground swimming pool

What’s in Terrytown?

Terrytown, LA provides many nearby amenities, such as the Terrytown Library, Oakwood Shopping Center, local dining and retail shops all along Terry Parkway and plenty of organized sports opportunities at Terrytown Playground.  Only a couple of miles from the Crescent City Connection to downtown New Orleans, Terrytown is also a great choice for military relocations with short commutes to both NAS JRB New Orleans and NSA New Orleans.

Jefferson Parish Public School Information

Jefferson Parish Parochial School Information

West Bank MOMS Club

When buying or sellimg your Terrytown home, rely on a local, professional West Bank REALTORR to guide you through the process.  Contact Lisa Heindel for more information about West Bank Living today!

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.

Here is a quick look at the current real estate market in Terrytown and Gretna, 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 $160,000 price ranges are doing very well in Terrytown and Gretna, indicating a current sellers market in these popular price ranges. 
• The overall supply of homes for sale in Gretna and Terrytown edged up slightly for the third month in a row, hitting 8.9 months as of 6/18/2008.
• There is an oversupply of homes for sale in the $225,000-$250,000 range, so home sellers who fall into this category should be prepared for a possible extended marketing time.  Owners of homes in the over $300,000 price range might want to consider staging their homes to better position themselves in this tough category.

Real Estate Absorption Rates for Terrytown and Gretna as of 6/18/2008

If you are considering selling your home in Gretna or Terrytown, 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:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent 

Make Your Home the Star of the Neighborhood - Stage It!

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.

Current market statistics for Terrytown and unincorporated Gretna (as of 5/1/2008):

• Active listings:  182
• Average list price:  $231,882
• Pending but continue to show listings:  3  (Average list price $126,267)
• Under contract listings:  27  (Average list price $182,226)

Gretna and Terrytown, LA - Number of Homes Sold, April 2008

The number of homes sold in Gretna and Terrytown (zip code 70056) increased from 17 in March 2008 to 24 in April 2008, the highest number of sales since August, 2007.  Based on April sales information, there is a 7.58 month supply of homes for sale in the area - just above a balanced market level of 6 months and another indicator that the West Bank real estate market is attempting to stabilize.

Gretna and Terrytown, LA - Average Home Sale Price, April 2008

The average sale price jumped substantially from March to April, ending the month at $181,023, the highest yet for 2008 and higher than the average for the same time in 2007.  Average sales prices in Gretna and Terrytown have continued to increase each year since 2004, when the average was only $135,221. 

Remember, this report is for the entire 70056 zip code.  If you would like a detailed report of home sales in your Gretna or Terrytown neighborhood, feel free to contact me or call me direct at (504) 616-6262.  I’d be happy to help you stay on top of the changing West Bank real estate market.

Related Reading:

Terrytown and Gretna, LA: April 2008 Real Estate Absorption Rates

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.

Copyright 2008.  Lisa Heindel, All rights reserved.

Terrytown has always been a high demand area of the West Bank of New Orleans.  Now, here’s your chance to own a piece of it.  New on the market, this terrific Terrytown home has so much to offer and is perfectly priced at $204,999.

• 4 bedrooms, 2 1/2 baths
• Over 2,250 square feet of living area
• Formal and casual living and dining spaces
• Warm and welcoming family room
• Sensational outdoor spaces, including a 365 square foot covered patio

Terrytown

Location, location, location!  Less than 10 minutes to the Crescent City Connection with a straight shot to downtown New Orleans or head down Belle Chasse Highway to NAS JRB New Orleans.  Also nearby are Oakwood Center shopping mall, along with dining, markets, drug stores and more.

What about insurance?

Situated on one of the highest points in Terrytown, 880 Legion Drive is in the coveted “B” flood zone.  No high premiums here and the seller is willing to transfer the existing flood policy.

Move in Ready

Why paint, when you can have an easy care brick exterior that leaves you with time for fun instead of maintenance.  Well kept, this home is in tip top shape, right down to the updated laminate floors and granite counter tops in the kitchen.  A one year home warranty is included in the sale price.

More photos and details about 880 Legion Drive

Are you ready to call Terrytown home?  Call Lisa Heindel, REALTOR® for your private showing today.