Real estate activity in Gretna LA 70053 as of 2/10/2010:
57 homes are for sale in Gretna, 70053
- High list price $409,000
- Low list price $45,000
- Average list price $153,403
- Median list price $139,900
11 homes are under contract or pending sale, priced from $29,900 to $169,900
Based on the number of homes sold in January (3), there is a 19 month supply of homes for sale in the area
Gretna LA 70053 | Number of Single Family Homes Sold | January 2010
Gretna started off 2010 with a total of 3 home sales in January, compared to 4 in January 2009. With the first time home buyer tax credit extended, I would expect that we will see an increase in buying activity once we get past Mardi Gras.
Because buyers must have a home under contract by April 30th to take advantage of the credit, there is a short window between the end of Carnival and the deadline for choosing a home. If you are considering selling during this time, be sure that you have taken care of all of the little details in preparing your home to show and that you are priced right to attract the most attention during the marketing process.
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
Average days on market for homes sold during January was 98. Average days on market for active listings is 147, so I would expect to see that number rise during the year as some of the older inventory is cleared out.
Gretna LA 70053 | Average Single Family Home Prices | January 2010
The average single family home sale price jumped to $191,000 in January due to a couple of sales in the Garden Park neighborhood. Remember, there were only 3 sales, so the numbers can be greatly skewed by just one or two of them. It will take at least until March or April before we have a good feel for the trends for this year.
FHA financing made up 2 of the 3 Gretna homes sales in January. Because of the tightening of credit restrictions across the board, I anticipate that will continue to be the case through 2010.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
West Bank Real Estate Market Statistics
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Data originally published at West Bank Living
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