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Harvey LA 70058 | Home Sales and Real Estate Market Trends for November 2009

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

Current real estate activity in Harvey LA:

156 homes are for sale

  • High list price $549,000
  • Low list price $500**
  • Average list price $174,018
  • Median list price $148,750

**The property listed for $500 is a HUD property with other existing liens that would have to be cleared to obtain a clear title to the property

42 homes are under contract or pending sale, priced from $54,500 to $389,000

Based on the November sales (19), there is a 8.2 month supply of homes for sale in Harvey Harvey LA Home Sales and Real Estate market trends | November 2009

Harvey LA | Number of Homes Sold | November 2009

Harvey LA Home Sales and Real Estate market trends | November 2009

After a big spike in October, home sales in Harvey dropped to 19 homes sold in November, bringing the year to date total to 202. Compared to 238 at the same time last year, this is a decrease of just over 15% in the number of homes being sold in the area.

Harvey LA Home Sales and Real Estate market trends | November 2009

 

Harvey LA | Average Home Sale Prices | November 2009

Harvey LA Home Sales and Real Estate market trends | November 2009

While the number of sales may be down, Harvey is recording the largest increase in prices on the West Bank. The average home sale price of $164,267 is an increase of 6.5% over the 2008 average and even surpasses the 2005 average, which was our last really “normal” real estate market in the metro area.

Not every neighborhood has seen an increase in value, but this month’s spot to watch is Spanish Oaks, where we’ve seen surprisingly higher than normal prices in some recent sales.

Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

Harvey LA Home Sales and Real Estate market trends | November 2009

 

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

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For professional assistance with any of your West Bank real estate needs, please contact the West Bank Living Team. It would be our pleasure to assist you.

Comments (2)

Monika McGillicuddy
Berkshire Hathaway HomeServices Verani Realty - Hampstead, NH
Southern NH & the Seacoast Area

Happy New Year Lisa! I sure hope Twenty Ten rocks for us all!

Dec 31, 2009 02:06 AM
Lisa Heindel
Crescent City Living LLC - New Orleans, LA
New Orleans Real Estate Broker

Happy New Year, Moni!  You'll get to celebrate a couple of hours ahead of me, so start the year off right :)

Dec 31, 2009 02:10 AM