Homes Sales in the City of Gretna (zip 70053)
After a small increase in sales from 2005 to 2006, the real estate market in the City of Gretna seems to be tracking the West Bank downward trend in 2007 sales.
Single family home sales in Gretna have dropped by over 34% in 2007, marking the slowest home sales since 1995.
What does this mean to home sellers? If your home is currently for sale in Gretna, pricing has become the most important factor in closed sales. While location and condition are always a factor, overpriced listings are lingering on the market and growing dusty, while aggressively priced homes are continuing to sell.
An absorption report can show you what price ranges are selling quickly and give you insight into how the current inventory of homes for sale is distributed.
City of Gretna Average Home Sale Prices
Average sale prices in the City of Gretna have risen by 5%, after dropping in 2006. As the sale prices have gone up, the number of sales have gone down. SELLERS: Are you willing to hold onto a property for an extended period of time for that small 5% increase? Your cost of making mortgage payments, maintaining insurance, utility costs and taxes for a year may outweigh your higher sale price.
Buyers have an amazing amount of choices in today’s market and are quickly moving on from overpriced listings and purchasing homes where the seller is flexible on pricing and/or willing to provide assistance with closing costs and insurance premiums.
An experienced selling agent will not only educate you about average sales prices, they will also provide you with an adjusted sales price based on seller paid concessions such as closing cost assistance or repair allowances as part of the market analysis on your home.
If you have any questions about the information contained in these reports or would like a more in depth analysis of your particular neighborhood, please contact Lisa Heindel, Realtor®. or feel free to leave a comment!
When buying or selling a home on the West Bank, you deserve professional, local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers and sellers in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more. Please visit my website to view homes for sale or get a free online home evaluation of your West Bank property.
Copyright 2007. Lisa Heindel, All rights reserved.
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