Current real estate activity in the City of Gretna:
57 homes are for sale in the 70053 zip code
- High list price $409,000
- Low list price $29,900
- Average list price $149,500
- Median list price $139,900
8 homes are under contract or pending sale, priced from $49,900 to $255,000
Based on December sales (4), there is a 14.25 month supply of homes for sale in Gretna
Gretna LA 70053 | Number of Homes Sold | December 2009
Good news for Gretna! The number of homes sold in the city increased from 2008 to 2009. Granted, it’s a small increase, but not many communities can make the same claim.
In 2009, sales in Gretna made up 5.5% of the West Bank real estate market, with 78 of the 1,429 homes sold in the area.
How Does Gretna compare to the rest of the West Bank?
| Gretna | West Bank | |
| Active listings | 57 | 1,132 |
| Average list price | $149,500 | $192,467 |
| Average days on market (actives) | 167 | 141 |
| Homes sold in 2008 | 78 | 1,429 |
| Average days on market (solds) | 81 | 141 |
The average days on market for homes sold in Gretna dropped in 2009, after taking a huge jump in 2008. The average of 81 days is the best on the West Bank, equaled only by Harvey.
Remember, this is just an average. The home on the market the longest in 2009 sold in 362 days – almost an entire year, while the fastest sale was in only 1 day.
Gretna LA 70053 | Average Home Sale Prices | December 2009
The good news about sales in Gretna, unfortunately, doesn’t extend to prices. After recording one of the only increases in 2008, there was a 4.7% decline in average home prices in 2009, dropping to $138,848.
Prices in Gretna are still below the West Bank average, presenting a wonderful opportunity for buyers who are trying to find a home before the tax credit expires. Sellers, depending on when you purchased your home, may not be in a good position right now. Your homes value still depends on how your particular neighborhood is performing. Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
| Gretna | West Bank | |
| 2009 Average sale price | $138,848 | $156,546 |
| Average listing price | $146,373 | $192,467 |
Other items of note:
- FHA continues to be the most popular financing choice in Gretna, with conventional financing coming in 2nd
- 38% of seller provided some type of closing cost assistance to the buyers – tracking right along with the FHA financing choice made by buyers with smaller down payments and cash reserves
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Reading:
For more information about home buying or selling in Gretna 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!
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