Current real estate activity in Westwego LA:
143 single family homes are for sale
- High list price $330,000
- Low list price $20,900
- Average list price $127,934
- Median list price $115,000
26 homes are pending sale or under contract, priced from $20,000 to $185,000
Based on the number of homes sold in February (8), there is a 17.9 month supply of Westwego homes for sale
Westwego, Avondale and Bridge City LA 70094 | Number of Single Family Homes Sold | February 2010
Home sales in the 70094 zip code remained flat from January to February 2010, bringing the year to date number of single family home sales to 16. Sales are down from 21 at the same time last year, a decrease of 24% in the number of successful sales.
Days on market has crept up to 97 for sold homes. The average days on market for active listings is 127, so I would expect that number to continue to rise this year as some of the older inventory is sold off.
Westwego, Avondale and Bridge City LA 70094 | Average Single Family Home Prices | February 2010
While the number of sales is down from 2009, average single family home prices in Westwego, Avondale and Bridge City have risen to $124,244. A quick look at the chart below shows that this is the highest average for several years. Remember, though, that this average is for only 2 months of sales and will be impacted by home sales as the year progresses.
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
More details about February 2010 home sales in the 70094 zip code:
- FHA loans and cash are the most popular purchase options in Westwego, Avondale and Bridge City. Cash is typically used by investors purchasing properties to renovate or flip, while FHA is the financing option of choice for most of today’s buyers.
- 37.5% of February sales were bank owned or foreclosed properties
- 12.5% of sellers provided some type of closing cost assistance to the buyers
- No sellers in the area provided a home warranty in February
All data provided by GSREIN and is deemed reliable, but not guaranteed
Related Reading:
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
Lisa ... FABULOUS market report ... great information on home sales in your area! pippa
Lisa ... FABULOUS market report ... great information on home sales in your area! pippa
Thanks, Pippa! Good to see you here again :)
Lisa, I do find it interesting that while sales are down the average price increased. That is certainly a positive note. Great report.
A kangaroo can carry its young in a pouch. I prefer a man-purse myself -- a "murse." Oh and thanks for the 25 points.
Susan, it remains to be seen if they will stay that way, but it IS a positive note to start the year with.
Lenza, you are so metro. Who knew?
I love the colored charts. Color me jealous. Pastels and rich hues. Of course the numbers are -- thanks for the 25 points.