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
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Lisa, I love your graphics....it's wonderful when I can understand a market report (and it means other consumers can as well).