It’s almost spring and time for real estate sales to heat up along with the West Bank weather. If you are selling your Belle Chasse home, do you know what your competition is?
Let’s take a look at what’s been selling in the Belle Chasse market:
Overall, the supply of Belle Chasse homes on the market is favorable when compared to many other areas of the West Bank. A balanced market has about a 6 month supply of homes for sale. (More than that means the area is leaning towards a buyers market.) But, you should also look at the supply of homes within your particular price range and neighborhood. The following is an overview of all of the homes listed in zip code 70037, along with the sales numbers for the last 90 days.
The under $180,000 price range is performing very well, but homes in higher ranges are selling more slowly. The most common reasons that I have seen lately for purchase agreement cancellations are financing and inspections. While we cannot control the rapidly changing mortgage market, you can control the condition of your home before putting it on the market. This is my monthly reminder to have your home ready to show before putting that sign in the front yard!
If you would like more detailed information on home sales in your neighborhood, please drop me a line at lisa@lisaheindelsells.com. I’ll be happy to prepare a subdivision report and post it here for you and your neighbors to share.
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 buyers, 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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