Following is the Belle Chasse, LA home sales report for January 2008 compared to January 2007.
| January 2008 | January 2007 | |
| # Homes Sold | 5 | 7 |
| High Sale Price | $490,000 | $435,000 |
| Low Sale Price | $135,000 | $90,000 |
| Average Sale Price | $269,200 | $228,714 |
| Average Days on Market | 138 | 78 |
| Total Volume Sold | $1,346,000 | $1,601,000 |
With 59 current active listings, it appears that the Belle Chasse market is moving towards a more stable balance of supply and demand. While there were only 5 sales in January, there are 12 homes pending sale as of 2/7/2008. Based on these numbers, I project a 5-6 month supply of available homes for sale, which is well within a healthy market balance.
- Average sale prices have increased from January 2007, but are below the 2007 year end average of $296,523.
- Current High list price: $2,750,000
- Current Low list price: $45,000
- Under contract/pending sale: 12 homes priced from $115,000 to $399,900
Home sellers in Belle Chasse can be more optimistic for a spring sale in 2008, but should keep in mind that the best priced homes in the best condition will always be the first to sell. Note that the average days on market (time to sell the home) has increased by over 75%.
Buyers interested in moving to Belle Chasse should contact their mortgage lenders for pre-approvals now! Belle Chasse appears to be moving away from a buyer's market. A balanced supply of homes for sale means that buyers may no longer have the luxury of sitting back and waiting for home prices to come down, but instead need to go ahead and make an offer when you find the right home.
For more information on buying or selling your Belle Chasse home, please feel free to contact Lisa Heindel at (504) 616-6262 or by email at lisa@lisaheindesells.com. A West Bank resident, I'll be happy to help you find your next place to call home.
Related reading:
- 5 Dos and Don'ts for Home Sellers
- Getting Ready to Sell - Home Staging Tips Part I
- Getting Ready to Sell - Home Staging Tips Part II
- Getting Ready to Sell - Home Staging Tips Part III
- Belle Chasse, LA - 2007 Home Sale Report
When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyer, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.
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Copyright 2008. Lisa Heindel, All rights reserved.
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