New Orleans West Bank Living and Real Estate News: Louisiana: Belle Chasse

SOLD • 4 BEDS • 2 1/2 BATHS • 1,733 SF LIVING • $229,500

Finding an affordable home in Belle Chasse that has also been updated can be a challenge. Search no more. From a large yard to 4 bedrooms to an updated kitchen to a fantastic master suite...124 Melvyn Drive has all of this and more.

The living, dining and kitchen spaces are all open, with a great floor plan for entertaining. Neutral colors, recessed lighting, ceramic tile flooring and a welcoming feel from the minute you walk through the door make this home the most attractive on the block. The kitchen has been opened up and the work space will please the most demanding cook.  A full suite of appliances is installed and there is even a prep sink tucked next to the fridge.

The kitchen door leads to a covered patio and laundry room complete with washer and dryer. Wander down the hall to the master suite and find the surprise hiding behind the door. The spacious 16 x 15 master bedroom features a tray ceiling, crown molding and surround sound wiring. It connects to a walk in closet, a private bath with hydro tub and updated fixtures and has french doors leading to the back patio.

Relax on the patio with your morning coffee or sit under the shade of the palm and unwind at the end of the day. The remaining 3 bedrooms all have ample storage space and one of them has an attached half bath - perfect for a home office or private guest room.

Location, Location, Location

One of the most in demand communities on the West Bank of New Orleans, this Belle Chasse location is just minutes from the front gates of NAS JRB New Orleans and a quick 15 minute commute to Federal City in Algiers.

Belle Chasse schools

Belle Chasse Academy

For a private showing of 124 Melvyn Drive, please contact Terri Babineaux at 504.258.5178.

 

For other Belle Chasse homes for sale, visit West Bank Living.

Current real estate activity in Belle Chasse LA:

48 single family homes are listed for sale

• High list price $1,700,000
• Low list price $149,000
• Average list price $356,492
• Median list price $298,750

15 homes are under contract or pending sale, priced from $85,000 to $450,000

Based on the number of April sales (3), there is a 16 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Single Family Home Sales | April 2010

Year to date, there have been 11 single family homes sold in Belle Chasse, compared to 17 at the same time last year. The first time buyer tax credit has had little impact on the Belle Chasse market because the average prices are higher than most of the rest of the West Bank of New Orleans, pushing it out of the reach of many of those buyers.

Days on market for homes sold in 2010 has dropped dramatically from the 2009 average, currently standing at 50 days. Homes still on the market have been listed for an average of 145 days and a median of 75 days, so expect to see this number jump around as some of the older inventory sells.

Belle Chasse LA | Average Single Family Home Prices | April 2010

Average home prices in Belle Chasse leaped up to $462,167 in April, mostly due to the sale of home in Thousand Oaks for $700,000. The average pending sale is well below that, so we’ll see this number drop off again by the end of May. Year to date, the average is $294,136, a decrease of 2.6% from the 2009 average.

Although Belle Chasse is one of the few areas on the West Bank where home values are exceeding those of 2005-2006, note that the average home sale price has been dropping since it peaked in 2008.

Run your own report of home values in your Belle Chasse neighborhood

More about April home sales in Belle Chasse LA:

• 1 home sold in April was a bank owned/foreclosure property
• 1 seller paid for a home warranty for the buyer
• No closing cost assistance was provided by any Belle Chasse home seller in April

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

 

Search Belle Chasse LA homes for sale

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Current real estate activity in Belle Chasse LA:

51 single family homes are for sale in Belle Chasse

• High list price $1,700,000
• Low list price $130,000
• Average list price $341,271
• Median list price $290,000

10 homes are under contract or pending sale, priced from $85,000 to $450,000

Based on the number of March sales (5), there is a 10 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Single Family Home Sales | March 2010

Year to date, there have been 7 single family home sales in Belle Chasse, compared to 11 at the same time last year. The decrease in the number of sales seems to be targeted towards the higher end of the Belle Chasse price range, as reflected in the continued drop of the average sale prices.

Days on market plunged to 63, but look for this number to go up – the average days on market for all listings (active, under contract, etc) is 115. What I see happening is that buyers are quick to move on homes in the lower price ranges (bringing down the sold days on market) while the higher end homes are taking longer to sell (pushing up the active days on market).

Belle Chasse LA | Average Home Sale Prices | March 2010

As of the end of the first quarter of 2010, the average single family home in Belle Chasse is selling for $237,571, the lowest average we’ve seen in the area in the last 5 years. With only one sale over $300k so far this year, sellers in the upper end of the price ranges could be in for fairly long marketing times. Sellers who are considering selling in the $250,000 price range are in the best position.

More about March 2010 home sales in Belle Chasse:

• 80% of the homes were less than 18 years old, indicating a buyer preference for newer homes
• 60% of home sellers paid for a home warranty for the purchaser
• The $225,000 - $275,000 price range is the most popular with buyers and the easiest price range to sell in

 

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

 

You might also be interested in:

• Home buying tips
• Home selling tips
• Belle Chasse LA Homes for Sale
• West Bank Real Estate Market Statistics

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Originally published at West Bank Living

This week’s video tour takes place in the Belle Chasse neighborhood of Pleasant Ridge Estates.

Located in the upper part of Belle Chasse, Pleasant Ridge is just off of Woodland Highway and boasts some of the finest homes in the area. Gated and secure, the community has very little turnover…a testament to how much the home owners love living there. Join us on a drive through this lovely neighborhood.

Can’t see the video above? Click here.

For more information, read Pleasant Ridge Estates | West Bank Neighborhood of the Week

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Current real estate activity in Belle Chasse LA:

43 single family homes for sale

• High list price $1,700,000
• Low list price $85,000
• Average list price $362,440
• Median list price $283,500

7 homes are under contract or pending sale, priced from $183,000 to $450,000

Based on January sales (1), there is a 43 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Home Sales | January 2010

January saw 1 single family home sale in Belle Chasse, the slowest January since we started tracking sales in 2004. With only 1 sale, the average days on market has little meaning. I can tell you that of the currently active listings, the average days on market is 170, so Belle Chasse seems to be slowing down. We won't know that for sure until we see another couple of months of data for comparisons.

Belle Chasse LA | Average Home Sale Prices | January 2010

The January average sale price was $263,300, but, again, it's important to remember that this is only one sale. No seller concessions were made and no home warranty was provided for the buyer.

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

Related Articles:

Home buying tips
Home selling tips

Belle Chasse homes for sale

West Bank Real Estate Market Statistics

 

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Originally published at West Bank Living

Current real estate activity in Belle Chasse LA:

49 homes are for sale in Belle Chasse

• High list price $1,700,000
• Low list price $78,800
• Average list price $359,941
• Median list price $299,000

5 homes are under contract or pending sale, priced from $196,000 to $375,000

Based on the number of December sales (4), there is a one year supply of homes for sale in Belle Chasse

**The inventory supply estimate will move up and down based on active listings and the number of sales

 

Belle Chasse LA | Number of Homes Sold | December 2009

Belle Chasse ended 2009 with a total of 67 homes sold, down 11.8% from the number sold in 2008.  

How does Belle Chasse compare to the rest of the New Orleans West Bank?

	Belle Chasse	New Orleans West Bank
Active listings	49	1,132
Average list price	$359,941	$192,467
Average days on market (actives)	149	141
Homes sold in 2008	67	1,429
Average days on market (solds)	112	96

Those 67 sales made up 4.7% of the West Bank real estate market in 2009, down slightly from 4.9% of the 2008 sales.  What does this mean?  Belle Chasse is staying steady in it’s command of market share.   Sales are taking slightly longer (note the average days on market), due to the fact that the higher average price ranges mean a smaller pool of qualified buyers.

Some other items of note

• Despite the national news, bank owned properties are rare in the area, with only 4 foreclosure sales in Belle Chasse in all of 2009.
• 15% of the 2009 home sellers provided some sort of closing cost assistance to the buyers
• Conventional financing continued to capture the lion’s share of the market in 2009

 

 

Belle Chasse LA | Average Home Sale Prices | December 2009

Don’t let that big jump in the average sale prices in December fool you!  2 of the 4 December sales were of high end properties – one for $650,000 and another for over $1 million – that pushed that average way up.  Instead, look at the year to date average home sale price in Belle Chasse of $301,840 to get a better idea of what the market is doing.

While the 2009 average was down from the previous year, homes prices are still substantially above that of any other West Bank community.  Unless you purchased your home in the last year or two, you have more than likely experienced an increase in equity.

	Belle Chasse	New Orleans West Bank
Average sale price	$301,840	$156,546
Average list price	$359,941	$192,467

The gap between the average listing price and the average selling price can be explained by the high end listings that are skewing the average.  The median list price of $299,000 tells me that most sellers are taking a very close look at their competition when pricing their homes.  Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

 

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

Related information

• Belle Chasse LA community information
• Belle Chasse LA homes for sale
• New Orleans West Bank homes for sale

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For more information about home buying or selling in Belle Chasse or a relocation to or from NAS JRB New Orleans, please contact the West Bank Living Team.  It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Current real estate activity in Belle Chasse LA:

49 homes are for sale

• High list price $1,700,000
• Low list price $78,800
• Average list price $357,273
• Median list price $295,000

5 homes are under contract or pending sale, priced from $150,000 to $375,000

Based on the number of homes sold in November (7), there is a 7 month supply of homes for sale in the area

Belle Chasse LA | Number of Homes Sold | November 2009

Belle Chasse ended November with 7 homes sold, bringing the year to date total to 63 (down from 71 at this time last year).  The 7 month supply of homes for sale is only slightly above a balanced real estate market, good news for sellers in the area.

The average days on market has bounced around from month to month, but is currently running around 120 days from the time a home comes on the market to when it receives an acceptable offer.   There will always be those that run higher or lower than the average, especially in the higher end price range that takes longer to sell.

Belle Chasse LA | Average Home Sale Prices | November 2009

While the year to date average sale of $286,421 is about 13.6% lower than last year’s average, Belle Chasse home sales are still higher than the post Katrina prices of 2006.  Unless you have been in your home for less than 3 years, you can anticipate an increase in the equity in your house provided it has been appropriately maintained.

Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

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

Belle Chasse LA Homes for Sale
New Orleans West Bank Homes for Sale

Home buying tips
Home selling tips

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For professional representation when buying or selling a home on the West Bank of New Orleans, please contact the West Bank Living Team.  It would be our pleasure to assist you with any of your real estate needs – and have a little fun while doing it!

Current real estate activity in Belle Chasse LA:

49 homes for sale

• High list price $900,000
• Low list price $78,800
• Average list price $348,235
• Median list price $320,000

9 homes are under contract or pending sale, priced from $59,900 to $1,300,000 Based on the number of homes sold in October (6), there is a 8.17 month supply of homes for sale

Belle Chasse LA | Number of Homes Sold | October 2009

Home sales in Belle Chasse continue to hold steady, with 6 homes sold in October. This brings the year to date total number of single family homes sold to 56, compared to 66 at the same time in 2009. With 9 homes currently under contract, it looks like we will end the year with about 10% fewer sales than last year. Financing choices continue to be spread out, with 2 FHA sales, 2 conventional sales and 2 cash sales recorded in October.

Interestingly, VA loans have been used in only 17.8% of Belle Chasse home sales this year, despite the fact that NAS JRB New Orleans is located in the area. More than likely, it is because the majority of incoming military families are looking for housing that is a little more affordable than that offered in the Belle Chasse community.

 

Belle Chasse LA | Average Home Sale Prices | October 2009

While there was a spike in the average sale price in October due to a $975,000 sale, the year to date average of $273,742 is down 17.45% from 2009. The good news is that the year to date average is well above that of 2005, so unless you purchased your Belle Chasse home in 2006-2008, the odds are good that you have increased your equity in your home.

Of course, all neighborhoods are performing differently, so if you would like a report of recent sales and listings in yours, sign up for your free Market Snapshot.

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

You may also be interested in:

Belle Chasse homes for sale
New Orleans West Bank Homes for Sale

Home Buying Tips
Home Selling Tips

The West Bank Living Team provides professional buyer and seller representation on the West Bank of New Orleans. Please feel free to call or email us with any of your real estate questions or visit West Bank Living.

Current real estate activity in Belle Chasse LA:

53 homes are for sale

• High list price $1,100,000
• Low list price $99,000
• Average list price $355,572
• Median list price $292,450

12 homes are under contract or pending sale, with an average list price of $347,809.

 

Based on the number of homes sold in September (6), there is an 8.8 month supply of homes for sale in Belle Chasse.

Belle Chasse LA – Number of Homes Sold – September 2009

As of September 2009, there have been 50 homes sold in Belle Chasse this year, compared to 59 at the same time last year (a decrease of 15% in the number of sales).  The area continues to buck the financing trend with the majority (67%) of home buyers using conventional mortgages instead of the more popular FHA loans.

Type of Financing Used in 2009	Number of homes financed
Convention	19
FHA	10
VA	10
Cash	7
Other	4

 

 

Belle Chasse LA | Average Home Sale Price | September 2009

Home prices in Belle Chasse have dropped significantly from 2008 to 2009 (21%), ending September with an average home sale price of $262,411, reversing the increasing prices the area has experienced for the last few years.  However, unless you purchased your Belle Chasse home in 2006-2008, the odds are good that you have still seen an increase in the amount of equity you have in your home.

 

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

 

Belle Chasse LA homes for sale
Belle Chasse Real Estate Market Reports

Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

Questions?  Contact the West Bank Living team

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 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 | Average Home Sale Prices | 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

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

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