Current real estate activity in Westwego, Avondale and Bridge City:
150 single family homes are for sale
- High list price $330,000
- Low list price $19,900
- Average list price $125,855
- Median list price $116,500
28 homes are under contract or pending sale, priced from $20,000 to $190,000
Based on the number of homes sold in March (9), there is a 16.7 month supply of homes for sale in the 70094 zip code
Westwego, Avondale and Bridge City | Number of Homes Sold | March 2010
Year to date, there have been 25 single family home sales in the 70094 zip code (Westwego, Avondale, Bridge City and Waggaman) compared to 35 at the same time last year.
- 20% of the sales have been homes in Poor or Fair condition, which typically attract investors with the cash to make the necessary repairs and/or renovations
- The average home sold in 2010 had 3 bedrooms, 2 baths and 1,564 square feet of living area
- The average price per square foot in the 70094 zip code is $75
Days on market is remaining steady, holding at 82. Homes currently listed and under contract have been on the market longer than the average, so expect to see this number go up as the year progresses, especially since the number of sales has dropped off from 2009.
Westwego, Avondale and Bridge City | Average Home Sale Prices | March 2010
The average single family sold for $122,33 in March, bringing the year to date average to $123,556. Most of the increase in sales prices can be attributed to a handful of sales over $200,000. With only 25 homes sold, these higher end sales have a greater impact on the averages.
Your neighborhood may be performing better or worse than the average, so get this week's free home value report for your neighborhood for the latest listings and sales in your area.
More about March 2010 homes sales in Westwego, Avondale, Bridge City and Waggaman
- 33% of homes sold in March were bank owned or foreclosure properties
- 44% of sellers provided some sort of closing cost assistance to the buyers
- 56% of sellers paid for a home warranty for the purchasers
- FHA remains the most popular financing method of buyers, making up 48% of sales
All data is provided by GSREIN and is deemed reliable, but not guaranteed
You might also be interested in:
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
Is Westwego a new subject for you? Don't recall that neighborhood on your blog.
Nope, Westwego has been on my market report list for about 2 years now. It's the most reasonably priced community on the West Bank.