New Orleans Real Estate News: August 2009

Belle Chasse LA 70037 | July 2009 Home Sales

Current real estate activity in Belle Chasse LA:

53 homes for sale

High list price $1,700,000

Low list price $127,000

Average list price $416,343

Median list price $320,000

10 pending home sales, priced from $125,000 to $375,000

Based on the number of homes sold in July (3), there is a 17.6 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Homes Sold | July 2009

Belle Chasse LA | Homes Sales | July 2009

Belle Chasse ended July with 3 homes sold, bringing the year to date total to 36 homes sold in 2009 (down from 50 sales at the same time last year).

Conventional financing ruled July – all of the sales were to buyers using conventional loans, which means they had to have at least a 10% down payment.  These are strong buyers that are choosing homes in the $300-$400k price range which currently accounts for about 21% of the Belle Chasse real estate market.

The drop in the number of sales pushed the absorption rate up from 7 months to 17 months, showing what a delicate balance there is between supply and demand in today’s market.

Belle Chasse LA | Homes Sales | July 2009

Belle Chasse LA | Average Home Sale Prices | July 2009

Belle Chasse LA | Homes Sales | July 2009

The average Belle Chasse home sale in July was for $330,833, while the 2009 year to date average is $269,336, down almost 19% from the 2008 average.  While the average list price is skewed by that one listing for $1.7 million, the median list price (half of the homes are priced lower, half are priced higher) is still higher than what the average Belle Chasse home buyer is spending.

What sold in July?

Address # Beds/Baths Square Footage List Price Sale Price
Cazalard 3/2 2,110 $339,900 $312,500
Dr Gorman 4/3.5 2,816 $350,000 $315,000
Jasmine 4/3 2,700 $415,000 $365,000

 

It’s interesting to note that every sale in July was a home between 4 and 6 years old.  If you are selling an older Belle Chasse home, be prepared to have either already done your updates and renovations or to settle for a lower sales price.  Read: Home Selling Tips

Belle Chasse LA | Homes Sales | July 2009

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

Related Reading:
Belle Chasse Real Estate Market Reports
Home Buying Tips

Find a Home:
Belle Chasse LA homes for sale
New Orleans West Bank Homes for Sale


               Find Your Perfect West Bank Home Here Contact Lisa Heindel 1 Find Out Your West Bank Home Value - FREE!

CCL logo

Your source for everything New Orleans

 

Search New Orleans homes for sale

Explore New Orleans neighborhoods

Take our New Orleans neighborhood quiz

 

fb like button      instagram       yt logo

Comment balloon 7 commentsLisa Heindel • August 18 2009 08:28AM
Belle Chasse LA 70037 | July 2009 Home Sales
share
Current real estate activity in Belle Chasse LA: 53 homes for sale High list price $1, 700, 000 Low list price $127, 000 Average list price $416, 343 Median list price $320, 000 10 pending home sales priced from $125, 000 to $375, 000 Based on the number… more
SOLD! 3108 Nature Drive Marrero LA 70058 | Marrero LA Home for Sale…
share
When people think about what they are looking for in a home purchase there are a few things that are common to almost every list…. large living room, space for an office, a private master suite and a backyard with room for either the kids to play… more
SOLD! 4204 Ames Blvd | Gorgeous Marrero LA Home for Sale
share
JUST LISTED! It’s a pleasure to find an almost new home that has been cared for, well maintained AND is priced to sell. All of that and more can be found in a beautiful piece of real estate right in the curve of Ames Blvd. in Marrero LA … more
You Might Need A New REALTOR If…
share
We are full time agents This is our job, our career, our livelihood, our chosen profession. As we make our way through listing appointments, showings and phone calls, we sometimes run across those agents that make us say “What the…?? ” So… more
New Orleans West Bank Real Estate | Has the Market Stabilized?
share
That’s the question on the minds of both buyers and sellers There was a great, in-depth report on the metro area real estate market in a recent issue of the Times-Picayune ( Read the entire article here ) touting the stabilization of the housing… more
Home Improvement Tips | A Home Improvement That Pays for Itself
share
I live in a house that was originally built in the 1950s Over the years, the original owners added on (and added on and added on) as their family outgrew the existing space. Lucky for me, by the time they were ready to sell the house, it clocked… more
New Orleans LA West Bank | June 2009 Home Sales and Real Estate…
share
June 2009 New Orleans West Bank Home Sales The June home sales reports are now online at West Bank Living How did your neighborhood do? Algiers 70131 Algiers 70114 Algiers Point English Turn Belle Chasse City of… more