Belle Chasse, LA: March 2008 Home Sales and Real Estate Market Update

Before reviewing the past, take a look at the present (as of 4/6/2008) real estate market statistics for Belle Chasse, LA:

• 56 active listings, priced from $100,000 to $2,750,000
• 1 pending listing (contract accepted, but continuing to show) priced at $239,500
• 2 open predication listings (contract accepted, waiting on purchaser’s home to sell) priced from $324,000 to $399,000
• 8 under contract listings, priced from $184,900 to $345,000

Belle Chasse, LA – Number of Home Sales

March 2008 recorded 8 home sales in Belle Chasse, compared to 7 in March 2007 and 14 in March 2006.  Based on March sales and the current inventory, Belle Chasse has approximately a 7 month supply of homes for sale, just slightly above a balanced market.

The graph below clearly shows a trend of higher sales each quarter in Belle Chasse for the last 9 months, good news for home sellers in the area.

Belle Chasse, LA – Average Home Sale Prices

The March 2008 average home sale price in Belle Chasse was $282,863, compared to $304,271 for the same period of 2007.  Average days on market was 80, compared to 64 in March 2007.

What does all of this mean? 

Well, essentially, Belle Chasse has one of the most balanced real estate markets on the West Bank of New Orleans.  The supply of homes for sale is currently almost in balance with the number of buyers purchasing homes each month in the area.  The only negative factor in the Belle Chasse market continues to be the high cost of home owner’s and flood insurance policies.

Homes that are priced right and ready to show in Belle Chasse can expect to sell in a relatively quick marketing time!  If you need to know more about pricing your Belle Chasse home to sell or how to get your home ready to sell, please contact Lisa Heindel, REALTOR®.  Whether it is a buyer’s market or a seller’s market, you need proven, local representation to handle all of the details of your purchase or sale.  I’d love to show you how I can help!