Explore NOLA & West Bank

Communities

You don’t have to live in the heart of New Orleans to experience all it has to offer. Just a bridge away is the West Bank….a collection of small towns and neighborhoods winding along the banks of the river, stretching from historic Algiers Point all the way to the more rural setting of Waggaman, with loads of choices in between.

Upscale, luxury subdivisions, golf communities, National Historic Districts, acreage to spread out in. All of this and more can be found as we welcome you to the West Bank of New Orleans.

What’s Your Hillcrest Home Worth? Marrero LA Real Estate

Hillcrest Home Sales, Marrero LA

What’s been happening in the Hillcrest subdivision in Marrero?

Here’s a quick recap of home sales and trends in the real estate market.

  • Average prices:  Down 19% from 2013
  • Days on market: 125 average days to sell in 2014
  • Price per square foot: Average of $85 in 2014 (down from $93 in 2013)
Home sales in Hillcrest, Marrero LA

Data provided by GSREIN

What’s bringing prices down? I assumed it might be foreclosures, but there have been no bank owned properties sold this year in Hillcrest. It appears that it’s just following the trend on the West Bank right now for lower prices.

These average prices are below what we were seeing post-Katrina, so if you bought your Hillcrest home in 2010, you may not have any equity if you need to sell. Of course, final sales prices always depend on the condition of the property and the motivation of the buyer.

Sellers should also know that about 20% of purchasers in 2014 have needed closing cost assistance, so if you get an offer on your home with this request, don’t freak out!

Need some home selling advice? We’re happy to lend you our expertise.

 

What's my New Orleans home worth?

 

 


Looking for the right place on the West Bank to call home? We’ve got them all, right here. Thousands of homes for sale, experienced agents and someone waiting to help you today. Call us at 504-327-5303 or contact us here.

Village Green Home Sales | Harvey LA Neighborhood Real Estate Market Report

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Village Green Real Estate | Harvey LA It’s been up and down for Village Green home values over the last couple of years, but overall activity in the West Bank neighborhood continues to rise, ending October 2014 with a total of 11 sales so far this year, with homes selling in an average of 60 days….

Springwood Estates Home Sales | Belle Chasse LA Real Estate Report

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