New Orleans West Bank Living and Real Estate News: May 2009

Current real estate statistics for Belle Chasse LA:

55 homes for sale in Belle Chasse

• High list price: $1,700,000
• Low list price: $125,000
• Average list price: $413,070
• Median list price: $325,000

15 pending sales, priced from $85,000 to $439,900

The average home listed in Belle Chasse has been on the market for 132 days

Based on the number of homes sold in April (5), there is an 11 month supply of homes for sale

Belle Chasse LA – Number of homes sold – April 2009

Sales are slow but steady in Belle Chasse this year, with 15 homes sold year to date.

A breakdown of April homes sales:

• Financing – 3 conventional loans, 1 FHA loan and 1 VA loan
• Size – 3 three bedroom homes, 1 four bedroom and 1 five bedroom
• Seller concessions – 2 sellers paid for home warranties and 1 seller provided $10,000 in closing cost assistance to the purchaser

Buyers in Belle Chasse continued to choose newer construction in April, with 4 of the 5 homes sold less than 10 years old. Sellers of older homes might consider some small updating or renovation projects to make their homes more competitive with the “younger” homes on the market.

Read: Home Selling Tips

Belle Chasse LA – Average Home Sale Price – April 2009

The average home sale price in Belle Chasse dropped from March to April, bringing the year to date average to $265,006, down about 20% from the 2008 average. Sellers would be wise to review their pricing, since 35 of the 55 homes for sale are priced above the average.

Luxury homes will always take longer to sell, but if your house is in the $275-$300k range, consider how much it will cost you to hold out for a higher price vs the immediate gain of a sale at a slightly lower price.

Find out what's going on in your Belle Chasse neighborhood with a free online market analysis

All information is provided by GSREIN and is deemed reliable, but not guaranteed.

Related Reading:

Belle Chasse homes for sale

Belle Chasse Real Estate Market Reports

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The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.

Beautiful waterfront lot for sale on North Shore Beach in Slidell, LA

This is waterfront living at it's finest...just minutes by boat to the open waters of Lake Pontchartrain, or walk across the street (yep, the lot extends to both sides of the street) and launch into the bayou for a lazy day of floating a line in the water.



The bulkhead is already in place and a peek up and down the waterway will give you plenty of ideas for docks, launches and more.  There is so much new construction and renovation going on in the neighborhood - at only $140,000, it's easy to become a part of the North Shore Beach community today!



For more information about this property, visit 175 Carr Drive Slidell LA

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When you are ready to make a move, the West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
 

We spent Sunday in Belle Chasse at the 2009 N’Awlins Air Show and it was AMAZING!

I haven’t been to an air show since I was in high school and wasn’t quite sure what to expect. We started out early in the morning, stopping for breakfast before heading over to NAS JRB New Orleans. Even before 9 am, people were streaming through the gates and spreading out over the huge area next to the runway that the show took place on.

The Virtual Army Experience was on hand, so we all signed up for our “mission” and took our places in a Humvee. Virtual reality took over and we were transported right into another place and time – charged with taking out the enemies along the way. If being in combat is even a half a hair as loud and confusing as this was, we should all shake the hand of the next soldier we meet. (Actually, you should probably do that anyway)

After the VAE, we took a walk around the grounds, exploring all of the displays and meeting the proud men and women who were showing off their planes, jets, helicopters and more. There were so many different planes and jets display that I don’t know the names of, but here are some photos I took along the way.

The weather was slightly overcast and very windy, so the planned paratrooper jump was taken off of the schedule, but all of the remaining acts were top notch. There were acrobatic displays where the pilots made planes do things I didn’t think were possible. Just watching some of the stunts made my stomach drop, so I’m not sure how they managed to do it all without losing their lunch…

Then came the Raptor with an incredible display of speed and stealth. This jet moved so fast that it was past us before we ever heard the booming sound of the engines…

The main attraction for many at the show, however, was the appearance of the Navy Blue Angels. The jets were lined up along the runway all day…just waiting for the appearance of the 6 pilots who were the closing act of the air show.

Finally, the time had come…

Precision was evident from the moment they stepped onto the runway, lined up and walked in unison, each pilot breaking off to climb into his jet. Wheel blocks were removed from each plane at the same time, and the crew that was assisting them continued the precise execution of every move.

My hat is off to these talented pilots and I want to thank everyone who worked so hard to put on this year’s show. Since there is no show scheduled for 2010, I consider myself lucky to have been able to spend such a glorious day on the West Bank taking part in it.

If you don’t see the video above, click here

For more photos from the 2009 N’Awlins Air Show, you can visit my flickr photo page.

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Do you want to be a part of the West Bank community? When you are ready to make a move, the West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.

Current real estate market activity in Algiers Point (single family homes):

20 homes for sale (active listings)

• High list price $699,000
• Low list price $169,000
• Average list price $330,340
• Median list price $304,950

5 pending sales, priced from $129,900 to $269,900

Based on the number of homes sold in March (1), there is a 20 month supply of homes for sale in Algiers Point, one of the highest inventories on the West Bank of New Orleans.

Algiers Point – Number of Homes Sold in March 2009

As of the 1st quarter of 2009, there have been only 3 sales of single family homes in Algiers Point, compared to 4 at the same time last year.  With so few sales, I’ll just go ahead and give a complete list of them:

• 541 Atlantic (fair condition) sold for $70,000
• 315 Eliza (excellent condition) sold for $251,000
• 422 Alix (excellent condition) sold for $370,000

For all of the owners of multi-family properties in Algiers Point who are interested in how their market is performing, please note that there has been only 1 sale so far this year (a 3 plex that sold for $330,000)

 

Algiers Point – Average Home Sale Price in March 2009

Year to date, the average sale price is just a smidge higher than the 2008 average, but with so few sales that number could swing drastically in the upcoming months.

I really, really wish I had a crystal ball to understand why houses in this beautiful, historic neighborhood are not selling, but I don’t.

The important thing for home sellers in the area to remember is that the competition for those few buyers is fierce and you have to be the best value in the best condition in order to even have a shot at a sale in today’s market. 

Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers

All data is provided by GSREIN and is deemed reliable, but not guaranteed.

Related Reading:

Algiers Point real estate market updates

Algiers homes for sale

Find out what's going on in your West Bank neighborhood with a free online market analysis

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The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.