Current real estate activity in the City of Gretna:
61 single family homes are for sale
- High list price $409,000
- Low list price $45,000
- Average list price $158,928
- Median list price $145,000
10 homes are under contract or pending sale, priced from $37,500 to $165,000
Based on February sales (3), there is a 20 month supply of homes for sale in Gretna
Gretna LA 70053 | Number of Homes Sold | February 2010
The 3 Gretna home sales that were recorded in February were all properties in need of major repairs, pretty much the type of listings that only attract investors with cash because the condition of the homes are so poor. Otherwise, the city is on target with 6 sales year to date, compared to 7 at the same time last year.
Days on market dropped to 72, but again, remember that these investor properties sold faster than the typical home in the area. It may take a couple of months for the averages to balance out and give a truer picture of the market, especially given that the average days on market for active listings is currently at 143.
Gretna LA 70053 | Average Single Family Home Sale Price | February 2010
The average sale price took a big hit in February due to the condition of the properties sold. This should not be considered a real average for the area. Average sale prices will balance out over the year as more owner occupant homes are sold.
If you are interested in receiving information on current listings and sales in your neighborhood, we provide free online reports of real estate activity in your West Bank neighborhood.
Related Articles:
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
