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Harvey, LA

April 2010 Home Sales and Real Estate Market Update for Harvey LA 70058

Lisa Heindel,  New Orleans West Bank Real Estate: Real Estate Agent in New Orleans, LA

Current real estate activity in Harvey LA:All data supplied by GSREIN and is deemed reliable, but not guaranteed 175 actively listed homes for sale in Harvey

  • High list price $535,000
  • Low list price $30,000
  • Average list price $181,317
  • Median list price $149,900

72 homes are pending sale or under contract, priced from $32,000 to $369,000 Based on the number of homes sold in April (16), there is a 10.9 month supply of homes for sale in Harvey

Harvey LA 70058 | Number of Single Family Homes Sold | April 2010

Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

Year to date, there have been a total of 61 single family homes sold in Harvey, compared to 58 at the same time last year. With 72 homes pending sale, look for a big jump in the year to date numbers over the next couple of months. More than likely this is due to the rush by buyers to take advantage of the first time buyer tax credit that required an accepted contract be executed by April 30th and closed by June 30th. Getting a handle on the projections for the rest of the year will be a little more difficult until after July 1st.

Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

Average days on market in Harvey:

  • Active listings = 99 days
  • Under contract listings = 96

Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

Harvey LA 70058 | Average Single Family Home Prices | April 2010

Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

The average Harvey home sold in April went for $155,681, bringing the year to date average to $141,259. The represents a decrease of just over 14% in average home prices in the area. Remember, these are just averages and prices vary from neighborhood to neighborhood.

Get this week's free Harvey LA home value report.

Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

More about Harvey homes sales in April:

  • 19% of the homes sold were foreclosures or bank owned properties
  • 37.5% of home sellers provided a home warranty to the buyers
  • 44% of sellers provided some type of closing cost assistance to the purchasers


Harvey LA 70058 | April 2010 Home Sales and Real Estate Market Updates

All data supplied by GSREIN and is deemed reliable, but not guaranteed

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    March 2010 Home Sales and Real Estate Market Report for Harvey LA 70058

    Lisa Heindel,  New Orleans West Bank Real Estate: Real Estate Agent in New Orleans, LA

    Current real estate activity in Harvey LA 70058:

    160 single family homes are for sale

    • High list price $535,000
    • Low list price $37,500
    • Average list price $182,886
    • Median list price $146,000

    67 homes are under contract or pending sale, priced from $49,900 to $519,000

    Based on the number of homes sold in March (17), there is a 9.4 month supply of homes for sale in Harvey LA

    Harvey LA 70058 | Number of Homes Sold | March 2010

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    So far in 2010, there have been 45 successful single family homes sales, compared to 35 at the same time last year and 72 during the first quarter of 2008.  This is a 29% increase in the number of homes sold in Harvey when comparing 2009 to 2010.  Pricing remains the deciding factor for many buyers, so it is important for sellers to know the local market and price their homes aggressively.

    Get this week's free Harvey LA home value report

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    The average amount of time it is taking a home in Harvey to sell in 2010 is currently 77 days.  However, don’t count on this number when selling your home since there are many factors that influence it.  The average active listing has already been on the market for 105 days and the average home under contract was on the market for 88 days, so look for this number to increase as the year progresses. 

    One factor that is keeping the days on market down is the sale of bank owned or foreclosure properties – they are selling in an average of 53 days.

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    Harvey LA 70058 | Average Home Sale Prices | March 2010

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    It is expected that average prices will vary from month to month since they depend on which homes are sold in a 30 day period.  However, it appears that bank owned properties are putting downward pressure on prices in the area, dropping the 2010 average to $136,132.

    Why the drop?  The average bank owned home sold in 2010 for $92,967, while privately owned homes are selling for an average of $159,923.  Foreclosures have made up 33% of the 2010 home sales in Harvey.  Currently there are 16 active foreclosure listings in Harvey, priced at an average of $105,356 and 17 pending sales of bank owned homes priced at an average of $103,012.  Obviously, as these sales close they will have a negative impact on values in the community.

    It’s important to know about foreclosures in your neighborhood if you are selling (or thinking about selling) your home.  Be sure that an experienced West Bank REALTOR provides you with the details of your competition and comparables when setting your listing price.

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    More about March 2010 home sales in Harvey LA:

    • 29% of the sales were of bank owned/foreclosure properties
    • 29% of sellers paid a portion of the purchaser’s closing costs
    • 47% of sellers provided a home warranty to the buyers
    • FHA remains the financing choice of the majority of purchasers

    Harvey LA 70058 | Home Sales and Real Estate Trends for March 2010

    All data is provided by GSREIN and is deemed reliable, but not guaranteed

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    Search New Orleans West Bank homes for sale What's Your New Orleans West Bank Home Worth?
    Terri and Lisa | The West Bank Living Team For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

    February 2010 Home Sales and Real Estate Market Reports for Marrero LA 70072

    Lisa Heindel,  New Orleans West Bank Real Estate: Real Estate Agent in New Orleans, LA

    Current real estate activity in Marrero LA 70072:

    259 single family homes are for sale

    • High list price $2,300,000
    • Low list price $24,500
    • Average list price $163,682
    • Median list price $139,900

    64 homes are pending sale or under contract, priced from $16,900 to $349,000

    Based on February sales (14), there is a 18.5 month supply of homes for sale in the area

    Marrero LA 70072 | Number of Homes Sold | February 2010

    February 2010 Homes Sales in Marrero LA 70072

    As of February 2010, Marrero has seen 24 successful single family home sales, compared to 59 at the
    same time last year. This is a decrease of 59% in the number of home sales when comparing year to year. However, with 64 homes under contract at this time, I would expect that gap to narrow over the next couple of months as first
    time buyers race the clock against the expiration of the tax credit.

    Get a free, up to date report of listings and home sales in your New Orleans West Bank neighborhood

    February 2010 Home Sales | Marrero LA 70072

    Marrero LA 70072 | Average Days on Market | Home Sales and Real Estate Statistics

    Average days on market for homes sold in February was 97, while the average days on market for active listings is 118.


    Marrero LA 70072 | Average Single Family Home Sale Prices | February 2010

    Marrero LA 70072 | February 2010 Average Home Sale Prices

    The average February sale was $112,910, down from January and bringing the year to date average to $123,971. It appears that there may be an input error resulting in the under reporting of at least one sale, so this average will more than likely go up when the appropriate corrections are made.

    Marrero LA 70072 | 2010 Average Home Sale Prices

    More details about February homes sales in Marrero:

    • FHA remains the most popular financing choice of buyers
    • 29% of the sales were of bank owned or foreclosed properties
    • 21% of sellers paid for a home warranty for the buyers
    • 21% of sellers provided some type of closing cost assistance to the purchasers
    Marrero LA 70072 | February 2010 Home Sales
    All data is provided by GSREIN and is deemed reliable, but not guaranteed.

    Related Articles:

    Home buying tips
    Home selling tips
    Find Marrero LA homes for sale
    West Bank Real Estate Market Statistics

    Search New Orleans West Bank homes for sale worth_green


    For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

    February 2010 Home Sales and Real Estate Market Reports for Harvey LA 70058

    Lisa Heindel,  New Orleans West Bank Real Estate: Real Estate Agent in New Orleans, LA

    Current real estate activity in Harvey LA 70058:

    152 single family homes are currently for sale

    • High list price $539,000
    • Low list price $500 (HUD property with pre-existing liens on it)
    • Average list price $180,946
    • Median list price $148,000

    52 homes are under contract or pending sale, priced from $50,301 to $339,000

    Based on the number of homes sold in February (13), there is a 11.7 month supply of homes for sale in the area

    Harvey LA 70058 | Number of Homes Sold | February 2010

    Harvey LA Single Family Home Sales February 2010

    Year to date, there have been 28 single family homes sold in Harvey, compared to 20 at the same time last year (an increase of 40%).

    Harvey LA 70058 single family home sales

    Average days on market for homes sold in February was 38, bringing the year to date average to 64 days. Compare this to the average days on market for active listings of 115 and I expect that we will see this number rise over the coming months as homes that have been on the market longer begin to sell.

    Days on Market for real estate sold in Harvey LA 70058

    Harvey LA 70058 | Average Single Family Home Prices | February 2010

    Harvey LA Average Single Family Home Sale Prices 2010

    The average Harvey home price took a jump in February, bringing the year to date average to $142,100. Part of the drop in prices when compared to 2009 can be attributed to the fact that 25% of the sales so far this year were of properties in Fair or Poor condition. Homes in excellent condition are continuing to command higher prices.

    Get up to date information on listings and sales in your West Bank neighborhood

    Harvey LA average home sale prices 2010

    Some more details about February 2010 home sales in Harvey:

    • 6 homes were in Excellent condition, 3 homes in Average condition, 2 homes in Fair condition, 1 home in Very Good condition and 1 home in Poor condition
    • 46% of the homes sold were bank owned or foreclosure properties
    • 31% of sellers paid for a home warranty for the buyers
    • 38% of sellers provided some type of closing cost assistance to the purchasers

    Home financing options in Harvey LA 70058

    All data is provided by GSREIN and is deemed reliable, but not guaranteed

    Related Articles:

    Home buying tips

    Home selling tips

    Homes for sale in Harvey LA

    West Bank Real Estate Market Statistics

    Search New Orleans West Bank homes for sale worth_green


    For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

    Originally published at West Bank Living

    January 2010 Home Sales and Real Estate Market Reports for Harvey LA 70058

    Lisa Heindel,  New Orleans West Bank Real Estate: Real Estate Agent in New Orleans, LA

    Current real estate activity in Harvey LA:

    149 single family homes are for sale

    • High list price $549,000
    • Low list price $500
    • Average list price $175,505
    • Median list price $145,000

    53 homes are under contract or pending sale, priced from $54,500 to $419,000

    Based on the number of homes sold in January (13), there is an 11.5 month supply of homes for sale in Harvey

    Harvey LA 70058 | Number of Single Family Home Sales | January 2010

    Harvey LA 70058 | Home Sales and Real Estate Market Statistics

    13 homes were sold in Harvey LA in January 2010, compared to 8 at the same time last year, continuing the trend for Harvey as one of the most popular areas on the West Bank.

    At the same time, the average days on market for homes sold in January increased to 91. The average days on market for active listings is now at 112 days and the average for pending sales is 139 days. After a slight dip in 2009, it looks like it may take a little longer to get homes sold in the area.

    Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

    Harvey LA 70058 | Home Sales and Real Estate Market Statistics

    Harvey LA 70058 | Average Single Family Home Prices | January 2010

    Harvey LA 70058 | Home Sales and Real Estate Market Statistics

    The average sale price for a single family home in Harvey ended January at $144,329, down from the both the December 2009 average and the overall 2009 average. Part of this drop can be attributed to 4 low end (under $65,000) sales, which accounted for 31% of the January activity.

    Some more details about January sales in Harvey

    • 23% of the sales were bank owned or foreclosure properties
    • 23% of sellers provided some type of closing cost assistance to the purchasers
    • 31% of sellers paid for a home warranty for the buyers

    Harvey LA 70058 | Home Sales and Real Estate Market Statistics

    All data is provided by GSREIN and is deemed reliable, but not guaranteed

    Related Articles:

    Home buying tips
    Home selling tips

    Find Harvey LA homes for sale

    West Bank Real Estate Market Statistics

    Search New Orleans West Bank homes for sale worth_green


    For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

    Find out more about the West Bank real estate market at West Bank Living