Westwego, Avondale and Bridge City, LA: March 2008 Home Sales and Real Estate Market Update

Before reviewing the home sales for Westwego, Avondale and Bridge City, take a look at the current (4/6/2008) statistics:

• 108 active listings, priced from $49,500 to $430,000
• 10 pending listings (contract accepted, but still showing), priced from $85,000 to $269,900
• 21 under contract listings, priced from $39,900 to $199,900

Westwego, Avondale and Bridge City – Number Homes Sold

13 homes were sold in zip code 70094 in March 2008, leaving an 8.3 month supply of homes for sale.  This is higher than the 5-6 month supply in a balanced market, and sellers should continue to keep their homes in “show ready” condition.  Additionally, review your pricing strategy at least every 30 days to ensure that you are priced to attract the largest number of qualified buyers.

Westwego, Avondale and Bridge City – Average Home Sale Price

The average sale price in March 2008 was $104,562, showing improvement from February, but still not comparing to the average price in the 4th quarter of 2007.  The chart below shows the average home sale price changes by quarter for all of 2007 and the first quarter of 2008.

The 1st quarter of 2007 showed a substantial decrease in the average home sale prices for Westwego, Avondale, Bridge City and Waggaman.  Sellers need to stay on top of the market and what’s selling and what’s not.  If you need an experienced West Bank agent to help you sell your home, give me a call.  Just have a question?  Call, drop me an email or leave a comment below.  I’ll be happy to help you stay informed on what is happening to the real estate market in your neighborhood.