Westwego, Avondale and Bridge City LA 70094 | Home Sales and Real Estate Market Trends for December 2009

Current real estate activity in zip code 70094:

140 homes are for sale in Avondale, Bridge City and Westwego, LA High list price $330,000

• Low list price $28,900
• Average list price $129,138
• Median list price $119,000

17 homes are under contract or pending sale, priced from $20,000 to $136,900 Based on the number of December sales (20), there is a 7 month supply of homes for sale in the area

Westwego, Avondale and Bridge City | Number of Homes Sold | December 2009

Home sales in the 70094 zip code have been on the rise since August 2009, and ended the year at 152, just 8 sales shy of matching the 2008 sales. Even though we are not at the numbers recorded in previous years, based on the number of sales and the average sale prices, the areas of Westwego, Avondale and Bridge City are all showing signs of a stabilizing real estate market.

While sales seem to be balancing out, it is taking longer to sell homes all over the West Bank, with the average days on market climbing over 58% to 84 days.

• The longest 2009 home sale in the 70094 zip code was in 440 days
• The shortest 2009 home sale in the 70094 zip code was in 1 day

Westwego, Avondale and Bridge City | Average Home Sale Price | December 2009

Prices in the area dropped slightly from 2008 to 2009, but by a negligible amount and are almost even with the pre-Katrina market. If you have been in your home for more than 5 years, you more than likely have experienced an increase in the value and equity in your home.

• The most expensive home sold in the 70094 zip code was a 4 bedroom, 4.5 bath home on Barbe Drive that sold for $275,000 in September, 2009.
• The least expensive home sold in the 70094 zip code was a 3 bedroom, 2 bath home in Bridge City in poor condition that sold for $10,500 in January, 2009.

As in most areas on the West Bank, FHA is the financing choice of the majority of buyers. 35% of home sellers in the Westwego area provided closing cost assistance to the purchasers of their homes in 2009. Sellers, be sure that your agent is providing all of the details about comparable sales in your neighborhood.

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

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

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For more information about home buying or selling on the West Bank of New Orleans, or relocating 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!