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

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

 

---

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

---

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

---

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

---

              

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

---

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.

---

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 activity for Belle Chasse LA:

51 active listings

• High list price $1,700,000
• Low list price $85,000
• Average list price $414,827
• Median list price $305,000

12 pending sales, priced from $140,000 to $415,000

Based on March sales (3), there is a 17 month supply of homes for sale in Belle Chasse

Belle Chasse LA – Number of Homes Sold March 2009

Year to date, there have been 10 homes sold in Belle Chasse, compared to 23 at this same time last year.  New and newer construction is moving much faster than older homes, with the homes sold in March all coming in at or under 7 years old.

For sellers of older homes to compete with these younger houses, they need to be updated to offer the same type of amenities that buyers in the area are looking for.  Need a little help in understanding how to prepare your West Bank home for sale?  Read Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers

Belle Chasse LA – Average Home Sale Prices March 2009

The average home sale price in Belle Chasse for March was $388,066 (a reflection of the fact that these were all newer homes).  Year to date, the average sale price is $257,670, significantly below the 2008 average.  However, with the most active selling months just ahead of us, I would anticipate that the average sale price will increase. 

An important factor to remember when selling your Belle Chasse home is that appraisers are reviewing comparable sales for the last 90 days only, which could have a negative impact on your value.  If you are selling a unique property, it would be worth the $300-$400 to have it appraised before setting your list price.

I’m still recommending pre-inspections of homes as well – buyers are looking closely at condition and are not afraid to walk away from a property that needs a lot of repairs.

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

• Search Belle Chasse homes for sale
• Belle Chasse Real Estate Market Reports
• 2009 First Time Home Buyer Tax Credit FAQ
• 5 Dos and Don’ts for Home Sellers
• Find out what's going on in your West Bank neighborhood with a free Market Snapshot

---

If you are considering buying or selling a home in Belle Chasse LA, please contact the West Bank Living Team.  We provide local, professional buyer and seller representation with an emphasis on YOUR needs.  It would be our pleasure to assist you.

Belle Chasse LA:  Current real estate market activity

• 54 active listings, priced from $85,000 to $1,700,000
• Average list price $396,198
• Median list price $298,500
• 5 pending sales, priced from $140,000 to $569,000
• Based on the number of homes sold in February (4), there is a 13.5 month supply of homes for sale in Belle Chasse

Belle Chasse LA – Number of Homes Sold February 2009

Belle Chasse is starting 2009 off a little slower than last year, with 7 sales so far compared to 15 at this same time in 2008.  The 7 homes sold this year were on the market for an average of 156 days, compared to the average of 106 days in February 2008.

I still anticipate an increase in the number of sales during the peak selling season of spring and early summer as more incoming transfers to NAS JRB New Orleans arrive and choose a place to live, with Belle Chasse always being among their top destinations. 

Belle Chasse LA – Average Home Sale Price February 2009

Average home sale prices have dropped significantly from 2008, but much of this can be attributed to a couple of low end sales that skew the average.  If those sales are removed, the average goes up to $257,400.  While still below the 2008 average, it’s more in line with the mid-range of home prices in the area.

Belle Chasse remains one of the few communities in the metro New Orleans area that still qualifies for 100% USDA financing, allowing home buyers to get moved in without as much money out of their pocket.  (Ask us about lenders who offer this financing)  Insurance costs continue to remain a factor for many buyers, since Plaquemines is a coastal parish and the rates can be substantially higher than many surrounding towns.

Are you considering buying or selling a home in Belle Chasse?  Contact the West Bank Living Team for more information about how to prepare yourself to compete in today’s real estate market.  It would be our pleasure to assist you.

• Belle Chasse homes for sale
• Belle Chasse Real Estate Market Reports
• Find out what's going on in your West Bank neighborhood with a free online market analysis

---

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

 

The West Bank Living Team provides professional real estate services to home buyers and sellers on the West Bank of New Orleans.  For answers to your real estate questions, please contact us today.