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Gretna and Terrytown LA 70056: March 2009 Home Sales and Real Estate Report

By
Real Estate Broker/Owner with Crescent City Living LLC Licensed LA RE Commission

Current real estate activity in Terrytown and Gretna LA 70056:

168 active listings

  • High list price $1.590,000
  • Low list price $62,900
  • Average list price $250,151
  • Median list price $186,500

42 pending sales, priced from $56,900 to $499,900

Based on the number of March sales (21), there is a 8 month supply of homes for sale in the 70056 zip code

Terrytown and Gretna LA – Number of Homes Sold March 2009

Terrytown and Gretna LA Home Sales

Sales in the 70056 zip code rose again in March 2009, ending the quarter with 48 homes sold year to date, compared to 59 at this same time last year. 

The majority of the homes sold in the area in March were in Excellent condition, so potential sellers should be sure that they have prepared and priced their home well before going on the market since buyers in the community are looking for the best move-in values around.

Most of the sales were financed with FHA loans and 43% of the sellers provided some sort of assistance to the buyers with closing costs and pre-paids.  If you are considering selling a home in the area, be sure to choose an agent who can provide you with adjusted sales prices to account for these types of assistance and their impact on selling prices and your bottom line.

Terrytown and Gretna LA Home Sales

Terrytown and Gretna LA 70056 – Average Home Sale Price March 2009

Terrytown and Gretna LA Home Sales

Average home prices rose in March, but the year to date average is still about 4% below the 2008 average.  Remember, these sale prices have not been adjusted for any seller assistance provided to buyers.  In March, the average amount of seller assistance provided to buyers in Terrytown and Gretna was $6,097.

Terrytown and Gretna LA Home Sales

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

 

For more information about buying or selling a home in Terrytown or Gretna LA, please contact the West Bank Living Team.  It would be our pleasure to assist you.


The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to NAS JRB New Orleans.  Please feel free to call on us for help with any of your real estate needs.

Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

Very nice Lisa.  Your seller assistance stat is especially helpful in setting expectations.  We don't have access to that info in Louisville. 

Apr 19, 2009 04:48 PM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker

Erik, it's a little labor intensive to find the assistance numbers, since I have to review each closed sale for the data, but at least I can get it.  Does your MLS not have a place to record that after the closing?  To me, that's critical in determining what the real comps are.

Apr 20, 2009 12:22 AM
Erik Hitzelberger
RE/MAX Alliance - Louisville REALTOR-Luxury Homes - Louisville, KY
Louisville - Middletown Real Estate

No, it does not.  I wish it did for the very reason you mentioned though.  $6,097 is a significant number when compared to an average SP of $172,133.  Clients need to know this.

Apr 20, 2009 05:12 PM