Current real estate activity in Westwego, Avondale and Bridge City:
138 homes are for sale
- High list price $330,000
- Low list price $30,900
- Average list price $132,320
- Median list price $119,350
24 homes are under contract or pending sale, priced from $20,000 to $136,900
Based on the number of homes sold in November (15), there is a 9.2 month supply of homes for sale in the area
Westwego, Avondale and Bridge City | Number of Homes Sold | November 2009
Westwego hit a high for the year, with 15 homes sold in November, bringing the year to date total to 132 home sales in the 70094 zip code (compared to 149 at the same time last year).
FHA remains the most popular financing option chosen by home buyers in Westwego, Avondale and Bridge City. Because it is among the most affordable housing on the West Bank of New Orleans, the area attracts many first time home buyers – and lots of them were scrambling to close by the end of November to qualify for the first time buyer tax credit. Now that the credit has been extended and expanded into 2010, I would expect to see continued interest in the community from this segment of buyers.
Westwego, Avondale and Bridge City | Average Home Sale Prices | November 2009
Prices in the Westwego area have dipped and spiked from month to month, mostly depending on whether the majority of the buyers were potential home owners or real estate investors, and whether the sellers were owners or banks.
Year to date, the average home sale price of $97,013 is within dollars of the 2008 average and inching closer to the pre-Katrina prices of 2005. Neighborhood to neighborhood, this average changes, so find out what's going on in your neighborhood with a free market snapshot.
All data provided by GSREIN and is deemed reliable, but not guaranteed.
Westwego, Avondale and Bridge City homes for sale
New Orleans West Bank homes for sale
Home buying tips
Home selling tips
Whether you are buying or selling a home on the West Bank, contact the West Bank Living Team. Dedicated buyer and seller agents are ready to assist you with any of your real estate needs – and have a little fun while doing it!
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