New Orleans Real Estate News: May 2009

Belle Chasse LA: April 2009 Home Sales and Real Estate Market Report

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

Belle Chasse LA Home Sales

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 Home Sales

Belle Chasse LA – Average Home Sale Price – April 2009

Belle Chasse LA Home Sales

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

Belle Chasse LA Home Sales 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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Comment balloon 1 commentLisa Heindel • May 13 2009 11:09AM
Belle Chasse LA: April 2009 Home Sales and Real Estate Market Report
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