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5 homes are under contract or pending sale, priced from $196,000 to $375,000
Based on the number of December sales (4), there is a one year supply of homes for sale in Belle Chasse
**The inventory supply estimate will move up and down based on active listings and the number of sales
Belle Chasse LA | Number of Homes Sold | December 2009
Belle Chasse ended 2009 with a total of 67 homes sold, down 11.8% from the number sold in 2008.
How does Belle Chasse compare to the rest of the New Orleans West Bank?
New Orleans West Bank
Average list price
Average days on market (actives)
Homes sold in 2008
Average days on market (solds)
Those 67 sales made up 4.7% of the West Bank real estate market in 2009, down slightly from 4.9% of the 2008 sales. What does this mean? Belle Chasse is staying steady in it’s command of market share. Sales are taking slightly longer (note the average days on market), due to the fact that the higher average price ranges mean a smaller pool of qualified buyers.
Some other items of note
Despite the national news, bank owned properties are rare in the area, with only 4 foreclosure sales in Belle Chasse in all of 2009.
15% of the 2009 home sellers provided some sort of closing cost assistance to the buyers
Conventional financing continued to capture the lion’s share of the market in 2009
Belle Chasse LA | Average Home Sale Prices | December 2009
Don’t let that big jump in the average sale prices in December fool you! 2 of the 4 December sales were of high end properties – one for $650,000 and another for over $1 million – that pushed that average way up. Instead, look at the year to date average home sale price in Belle Chasse of $301,840 to get a better idea of what the market is doing.
While the 2009 average was down from the previous year, homes prices are still substantially above that of any other West Bank community. Unless you purchased your home in the last year or two, you have more than likely experienced an increase in equity.
For more information about home buying or selling in Belle Chasse or a relocation 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!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.