New Orleans West Bank Living and Real Estate News: August 2007

Do you know what it means to miss New Orleans?

I had only been an agent for a couple of years when some friends of mine, Sarah and Gregg, decided to leave Algiers, on the West Bank of New Orleans, and move to the Mississippi Gulf Coast.  Gregg had just received his teaching license and a job offer with a school near his extended family that would allow him to work in his chosen field and subject.  Although they owned their home, they had never actually been a "home buyer" since the property was inherited from Gregg's parents.  They were dream sellers, doing almost everything asked of them during the marketing of their home, after the inspections and getting ready for the closing.  Priced right, their house sold in about 2 weeks and they moved on to start a new chapter of their lives with their 2 daughters in Mississippi.  I checked in from time to time and they were really happy there, close to the water, close to their family, loving their jobs and life.  A happy ending.

 August 29, 2005 is a date burned into the collective memories of anyone living in southeast Louisiana or along the Mississippi coast.  When Hurricane Katrina blew through, she blew away more than just homes.  She took lives and forever altered the face of this region of the country.  Even now, 2 years later, the effects are dramatic and long lasting.  So when Sarah and Gregg called me in late 2005 and said they wanted to move back to the New Orleans area, I was stunned, shocked, surprised, you name it.  Didn't they know that people were moving out of the city not into it?  Didn't they know that so much of the housing stock was severely damaged?  What were they thinking?  In not so subtle words, I asked just that. 

The house they were living in in Mississippi was severely damaged as well.  They searched their souls and decided that if they were going to rebuild it would be at home...surrounded by the culture, the music, the food and the diversity that are all a part of the New Orleans landscape. What I heard warmed my heart..."we want to be a part of the rebuilding".  Here is a young, professional couple who could get jobs anywhere, take their daughters wherever they desired.  But they decided that the best they could offer to this city that they love was to come home and do their part towards the rebuilding and restoration.

Sarah and Gregg decided not to return to the West Bank, although that had previously been home for them.  They decided instead to relocate to the Mid City area, finding a raised basement home that had been undergoing renovations prior to the "storm" as we all call it here.  There was no kitchen at all, the roof leaked and broken windows were allowing rain to blow into the house.  We knew nothing was up to code and there was even a red bedroom with a horned devil painted on the wall!  The backyard was completely overgrown and was lined by a sagging, falling down brick fence along the back property line.  The porch was warped and the attic stairs didn't actually reach the floor to allow anyone access.  We were pretty sure there were squatters in the basement area at some time.  But they had a vision and the desire to see it through.

Buying a flooded, damaged home brings its own set of challenges.  First, we had to find a lender willing to do a rehab and permanent loan all in one.  Then, a reliable contractor that would not only bid the job but would provide documentation to the lender and actually show up to do the work.  We hit some road bumps along the way, but they finally got to closing in July, 2006.   One of the first things Sarah did was have the house blessed after painting over the devil!  I would periodically follow up with them, asking about the progress and the move in date kept getting pushed back time after time.

As we all do, I got busy and didn't call for awhile.  Then, a couple of weekends ago, I found myself in their neighborhood.  The cars were there, so I popped in.  What a transformation!  Refinished floors, a fabulous kitchen, closets where none were before, windows repaired and an updated bathroom.  A volunteer church group spent several days helping to clean out the backyard and they discovered a brick patio and walkway under the rubble and weeds.  The porch has been rebuilt and painted and gives them a place to sit at the end of the day and watch the world go by.  It is by no means finished (is any house?), but it is a great home for this family.

Gregg is teaching in the local school system.  Sarah is working for a large hospital.  The girls are enrolled in area schools.  They walk to the nearby park to play soccer and hang out with friends.  They have met most of their neighbors, some still living in FEMA trailers and some finished with their repairs.  There are still houses on the street that need to be bulldozed.  There are still a few that look like no one has been there for the last two years.  But it is their neighborhood and they are fiercely proud of it.  Both say that it is the best move they could have made.  They have reconnected with the city in a way that only someone who is from New Orleans, left New Orleans and then returned to New Orleans can do. 

Do you know what it means to miss New Orleans?  Well, Sarah and Gregg do...and that's why they are back.  Welcome home.

 

Harvey, Marrero and Westwego Market Update August 2007

 

Single Family and Condo sales only

 

Units Sold

Average Days on Market

Average Sales Price

1/1/2005 - 8/1/2005

626

55

$139,580

1/1/2006 - 8/1/2006

910

51

$162,839

1/1/2007 - 8/1/2007

579

65

$167,727

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 766 active listings on the West Bank in Marrero, Harvey, and Westwego, with an average list price of $202,149.   

See my previous post, Terrytown and Gretna Market Update, for a list of reasons your house may still be for sale.

I hope to keep everyone up to date on the West Bank market as changes happen.  If you have a question or a comment, drop me a line at lheindel@latterblum.com.  Hope to hear from you soon!

 

I want my Breaux Mart back

An open letter to the owners and management of Breaux Mart grocery stores:

I want my Breaux Mart back.  I miss you here in Algiers.   I miss seeing Miss Doris at the checkout stand and Mr. Nick rounding up buggies and bagging groceries.  I miss everyone knowing when I was having a party by the items in my shopping basket.  I miss that sometimes daily interaction with the folks who live close to me when we meet up on the dairy aisle or in the produce section.  I miss crawfish dip from the deli section.  I miss having a locally owned business to shop at within 2 minutes of my house (selfish, but true).

Those who know me are aware that I spend a lot of time "running to the store".  I almost never have what I think I want or need to cook dinner.  I am the mom who waits until the morning to grab the snacks for class and until the late news is on to bake the cupcakes for the party tomorrow.  (I'm also addicted to Diet Coke and don't know why it isn't always four 12 packs for $9.99).   Anyway, how convenient it was to just run into a store I knew like the back of my hand from shopping there for so many years.  Even when the lines were long, you always had a friend or neighbor standing there with you to chat during the wait.

Breaux Mart AlgiersHow sad it is to see that flat, empty expanse left behind by the bulldozing of the building and the clearing of the lot where Breaux Mart used to be.  How many teens in Algiers had their first job there?  Where are all of the familiar faces now?  (I know, I know, lots of them are at the Gretna store). 

Recent news has reported that the company that owns Sav-A-Center is putting their area stores up for sale.  Although they would prefer to sell the entire bloc of locations to one buyer, my selfish response is I want my Breaux Mart back!  Wouldn't it be great to see what Breaux Mart could do with the current Sav-A-Center location on General de Gaulle?  Wouldn't a return to neighborhood shopping be a "good thing"?  The Breaux Mart website says the Algiers store is still closed and they are working on a resolution.

So if you are listening Mr. Breaux...here's a resolution...I want my Breaux Mart back!!!

Louisiana SPCA is now in Algiers

Louisiana SPCA now located in Algiers

School is back in session and as I was driving through Algiers yesterday, I noticed the fabulous sign that the Louisiana SPCA has at their new location at 1700 Mardi Gras Blvd.  Just had to stop and take a picture of it to share with everyone.  Take the time to visit their website and find out the different ways you can volunteer or make a donation tohelp support this local organization with all of the good work they do. 

LA SPCA

Looking for a 4 legged addition to your family?  Please consider one of the "Adoptables" that are patiently waiting for a new, loving family.

If you already have a pet, please be sure he or she is spayed or neutered..in the words of Bob Barker, "Help control the pet population".

Until next time...

Lisa Heindel   

Your West Bank Real Estate Specialist

Algiers Economic Development Foundation Luncheon

Algiers Economic Development Foundation Luncheon

On Wednesday, September 12, 2007, the Algiers Economic Development Foundation will hold its monthly luncheon at the Aurora Tennis & Swim Club (5244 General Meyer).  The guest speaker will be Dawn Brown, WWL-TV meteorologist who will cover hurricane preparedness.  I can't think of a more relevant topic at this time of year.

These meetings are open to the public and always very informative.  It's also a great way to network with other Algiers residents and business owners. 

For reservations or more information, call (504) 362-6436 or send an email to aedforg@bellsouth.net.

Algiers Open Houses

There is a coordinated effort of agents in the Latter & Blum Algiers office to hold open houses this Sunday, 8/26/2007.  So far we have about 25 houses being held open in Algiers from 1-3 pm or 3-5 pm.  Check this Sunday's Times Picayune for details and addresses and then come on out and visit with us!  You might find your next home or meet the perfect agent to sell your current home.

I'll be at 3700 Rue Mignon in Bocage from 1-3 pm.  Hope to see you there!!

 

Recycling Opportunity in Gretna

St. Anthony School in Gretna, LA will be holding a paper drive on August 29, 2007.  It's a great opportunity to recycle rather than dispose of your newspapers!

Drop off papers at 900 Franklin Ave in Gretna up until 10 am on 8/29/07.  I'll have a very angry 11 year old if I don't ask for the papers to go to the 6th grade section!

Belle Chasse Market Update August 2007

This is the same blog posted for Algiers, Gretna and Terrytown...only the statistics have been changed. 

Belle Chasse market update as of 8/1/2007:

Date of sales

Units Sold

Average Days on Market

Average Sales Price

1/1/2005 - 8/1/2005

66

65

$213,422

1/1/2006 - 8/1/2006

84

58

$275,353

1/1/2007 - 8/1/2007

50

72

$295,824

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 70 active listings in Belle Chasse, with an average list price of $377,960.   Who is fooling who here? 

Hellooooo...Mr. (or Ms.) Seller... here are some questions to ask yourself:

Is my house overpriced for the neighborhood?   If you have been on the market for more than 90 days, it's time to take a fresh look at your price, the competition and the current comparables with an updated market analysis.  I know it's hard to let go of that dollar amount you want to get at the closing.  But, how much is it costing you each month to maintain your property?  Taxes, insurance, mortgage payments...they all add up and could be saved with a lower price and faster sale.  And for those sellers who say they "need" to get a certain price to move on to their next house, remember that the market doesn't care about what you need.  Before making an offer, buyers will be looking at the same (or updated) comparables that your agent used to help you determine a listing price.  Make sure that your price falls within the reasonable range for your area. 

Is my house "show ready"?  Look at it from the buyer's perspective.  If you had 30-40 houses in your price range to choose from, would you pick the one that has no curb appeal, dirty dishes in the sink and needs new carpet and fresh paint OR would you choose the home ready to move into?  I hear a lot of sellers say that they will give an allowance for the buyer to make changes.  First of all, how does the buyer know that?  Secondly, most buyers don't have the vision to picture that purple bedroom with the worn, stained carpet redone with new paint and flooring...or don't want the hassle of doing the work required.  Take the time to make your house the best value in its price range.  Visit http://www.stagedhomes.com/ for some easy home staging tips to make your house shine both inside and out.  Even if you only take away 1 or 2 ideas for improvements, you are further ahead of the game.  Or, ask that friend of yours who is brutally honest (we all have one!) to take a walk through your home and tell you what needs to be changed.

Is my house easy for agents to show?  If you only allow appointments on Tuesdays after 3pm...or need 2 days notice for all showings...or won't allow your agent to install a lockbox...your house is not easy to show and will end up being passed over by agents who have a long list of available properties in the same subdivision.

I hope to keep everyone up to date on the market as changes happen.  If you have a question or a comment, drop me a line at lheindel@latterblum.com.  Hope to hear from you soon!

 

Terrytown and Gretna market update

This blog is similar to the one I posted for Algiers. 

Terrytown and Gretna market update as of 8/1/2007:

Date of sales

Units Sold

Average Days on Market

Average Sales Price

1/1/2005 - 8/1/2005

300

62

$139,756

1/1/2006 - 8/1/2006

384

46

$162,170

1/1/2007 - 8/1/2007

260

66

$166,083

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 259 active listings in Terrytown and Gretna, with an average list price of $201,553.  Who is fooling who here? 

Hellooooo...Mr. (or Ms.) Seller... here are some questions to ask yourself:

Is my house overpriced for the neighborhood?   If you have been on the market for more than 90 days, it's time to take a fresh look at your price, the competition and the current comparables with an updated market analysis.  I know it's hard to let go of that dollar amount you want to get at the closing.  But, how much is it costing you each month to maintain your property?  Taxes, insurance, mortgage payments...they all add up and could be saved with a lower price and faster sale.  And for those sellers who say they "need" to get a certain price to move on to their next house, remember that the market doesn't care about what you need.  Before making an offer, buyers will be looking at the same (or updated) comparables that your agent used to help you determine a listing price.  Make sure that your price falls within the reasonable range for your area. 

Is my house "show ready"?  Look at it from the buyer's perspective.  If you had 30-40 houses in your price range to choose from, would you pick the one that has no curb appeal, dirty dishes in the sink and needs new carpet and fresh paint OR would you choose the home ready to move into?  I hear a lot of sellers say that they will give an allowance for the buyer to make changes.  First of all, how does the buyer know that?  Secondly, most buyers don't have the vision to picture that purple bedroom with the worn, stained carpet redone with new paint and flooring...or don't want the hassle of doing the work required.  Take the time to make your house the best value in its price range.  Visit http://www.stagedhomes.com/ for some easy home staging tips to make your house shine both inside and out.  Even if you only take away 1 or 2 ideas for improvements, you are further ahead of the game.  Or, ask that friend of yours who is brutally honest (we all have one!) to take a walk through your home and tell you what needs to be changed.

Is my house easy for agents to show?  If you only allow appointments on Tuesdays after 3pm...or need 2 days notice for all showings...or won't allow your agent to install a lockbox...your house is not easy to show and will end up being passed over by agents who have a long list of available properties in the same subdivision.

I hope to keep everyone up to date on the market as changes happen.  If you have a question or a comment, drop me a line at lheindel@latterblum.com.  Hope to hear from you soon!

Terrytown and Gretna market update

This blog is the same as the one I posted for the Algiers market...only the statistics have been changed.

Terrytown and Gretna market update as of 8/1/2007:

Date of sales

Units Sold

Average Days on Market

Average Sales Price

1/1/2005 - 8/1/2005

300

62

$139,756

1/1/2006 - 8/1/2006

384

46

$162,170

1/1/2007 - 8/1/2007

260

66

$166,083

This information is provided by the Gulf South Real Estate Information Network

As of 8/1/2007, there were 259 active listings in Terrytown and Gretna, with an average list price of $201,553.  Who is fooling who here? 

Hellooooo...Mr. (or Ms.) Seller... here are some questions to ask yourself:

Is my house overpriced for the neighborhood?   If you have been on the market for more than 90 days, it's time to take a fresh look at your price, the competition and the current comparables with an updated market analysis.  I know it's hard to let go of that dollar amount you want to get at the closing.  But, how much is it costing you each month to maintain your property?  Taxes, insurance, mortgage payments...they all add up and could be saved with a lower price and faster sale.  And for those sellers who say they "need" to get a certain price to move on to their next house, remember that the market doesn't care about what you need.  Before making an offer, buyers will be looking at the same (or updated) comparables that your agent used to help you determine a listing price.  Make sure that your price falls within the reasonable range for your area. 

Is my house "show ready"?  Look at it from the buyer's perspective.  If you had 30-40 houses in your price range to choose from, would you pick the one that has no curb appeal, dirty dishes in the sink and needs new carpet and fresh paint OR would you choose the home ready to move into?  I hear a lot of sellers say that they will give an allowance for the buyer to make changes.  First of all, how does the buyer know that?  Secondly, most buyers don't have the vision to picture that purple bedroom with the worn, stained carpet redone with new paint and flooring...or don't want the hassle of doing the work required.  Take the time to make your house the best value in its price range.  Visit http://www.stagedhomes.com/ for some easy home staging tips to make your house shine both inside and out.  Even if you only take away 1 or 2 ideas for improvements, you are further ahead of the game.  Or, ask that friend of yours who is brutally honest (we all have one!) to take a walk through your home and tell you what needs to be changed.

Is my house easy for agents to show?  If you only allow appointments on Tuesdays after 3pm...or need 2 days notice for all showings...or won't allow your agent to install a lockbox...your house is not easy to show and will end up being passed over by agents who have a long list of available properties in the same subdivision.

I hope to keep everyone up to date on the market as changes happen.  If you have a question or a comment, drop me a line at lheindel@latterblum.com.  Hope to hear from you soon!