Current real estate activity in Westwego, Avondale and Bridge City:
149 homes are listed for sale
- High list price $325,000
- Low list price $32,900
- Average list price $119,887
- Median list price $109,900
37 homes are under contract or pending sale, priced from $19,900 to $223,900
Based on the number of April sales (11), there is a 13.5 month supply of homes for sale in the 70094 zip code
Westwego, Avondale and Bridge City | Number of Homes Sold | April 2010
As of the end of April, there have been 36 single family homes sold in the 70094 zip code (Westwego, Avondale, Bridge City and Waggaman). This is a decrease of 26% from the 49 that were sold by this point in 2009. With 37 homes pending sale, I expect this to balance out over the next couple of months as the buyers taking advantage of the tax credit close by June 30th. After that point, all bets are off until we see what impact the end of the credit has on the local market.
Days on market has dropped slightly to 79 days, but with the average active listing already on the market for 124 days, we can expect this number to go up as the year progresses.
Westwego, Avondale and Bridge City | Average Home Sale Prices | April 2010
Average prices took a dip in April, mostly due to the high percentage of foreclosures that were sold. Year to date, the average single family home in Westwego sold for $108,483, still higher than the last couple of years.
More about April sales in the 70094 zip code:
- 55% of the homes sold were bank owned/foreclosure properties
- 18% of sellers paid for a home warranty for the buyers
- 18% of sellers provided some type of closing cost assistance to the purchaser
- FHA remains the most popular financing choice, with cash running a pretty close second due to the number of properties in fair or poor condition that are more appealing to investors
All data is provided by GSREIN and is deemed reliable, but not guaranteed
New Orleans West Bank homes for sale
This post originally published at West Bank Living
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