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Harvey, LA

Harvey LA 70058 | Home Sales and Real Estate Trends for October 2009

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

Current real estate activity in Harvey LA:

164 homes for sale

  • High list price $549,000
  • Low list price $500
  • Average list price $182,181
  • Median list price $154,950

58 homes are under contract or pending sale, priced from $49,700 to $525,000

Based on the number of homes sold in October (35), there is a 4.69 month supply of homes for sale in the area.

Harvey LA Home Sales and Real Estate Trends

Harvey LA 70058 | Number of Homes Sold | October 2009

Harvey LA Home Sales and Real Estate Trends

Look at the jump in closed sales for Harvey! While I don’t know the details on every single transaction, I would project that the large increase was due to the expected expiration on November 30th of the tax credit for first time home buyers that has been extended and expanded.

Update to 2009 First Time Home Buyer Tax Credit

Should sales continue at the same pace (which is possible given the 58 pending sales), Harvey would be the shining star of West Bank real estate and the only seller’s market in the area, despite the fact that the number of sales is down almost 17% from the same time last year.

Harvey LA Home Sales and Real Estate Trends

Harvey LA 70058 | Average Home Sale Price | October 2009

Harvey LA Home Sales and Real Estate Trends

The average home sale price in Harvey for October was $158,129, bringing the year to date average to $163,373, UP 5.9% from the 2008 average and the only increase in home values that we are seeing on the West Bank of New Orleans.

While this is good news, it’s important to remember that if you purchased your home during 2005-2007 you may only be at a break even point or experiencing a loss of equity. Before deciding to sell, it’s important to know what’s going on in your neighborhood. Get this week's free Harvey LA market snapshot

Harvey LA Home Sales and Real Estate Trends

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

Related Information:
Harvey LA Homes for Sale
New Orleans West Bank Homes for Sale

Harvey LA Real Estate Market Reports

Home Buying Tips
Home Selling Tips


If you have questions about the Harvey LA real estate market or need information about buying or selling a home, please contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs.

Harvey LA 70058 | Home Sales and Real Estate Trends for September 2009

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

Current real estate activity in Harvey LA 70058:

157 homes for sale

  • High list price $585,000
  • Low list price $20,000
  • Average list price $180,021
  • Median list price $155,000

70 homes are under contract or pending sale, with an average list price of $152,624

Harvey LA 70058 | September 2009 Home Sales

Based on the number of homes sold in September (16), there is a 9.8 month supply of homes for sale in the area.

Harvey LA 70058 | Number of Homes Sold | September 2009

Harvey LA 70058 | Home and Real Estate Sales | September 2009

Harvey has seen 147 homes sold through September 2009, compared to 200 at the same time last year (a decrease of 26.5%).   Like most other areas, the majority of Harvey home buyers are using FHA financing.  These loans require the lowest down payment possible (3.5%) and appeal to the first time home buyers who are trying to get closed before the tax credit expires at the end of November.

Of note is the fact that 44% of the September buyers received an average of $2,756 in assistance from the seller with their closing costs and prepaids.  If you are considering selling your Harvey home, be sure that the agents you talk to can provide you with adjusted sales prices to take any of this assistance into account when determining an acceptable sales price.

Harvey 2

Harvey LA 70058 | Home and Real Estate Sales | September 2009

Harvey LA 70058 | Average Home Sale Price | September 2009

Harvey LA 70058 | Home and Real Estate Sales | September 2009While the average sale price dropped from August to September, the year to date average is still almost 7% higher than in 2008 – a rare occurrence of increasing prices in today’s market!  Remember, though, that this average does not take into account any seller paid assistance or allowances provided to the buyers at closing and your agent should be able to provide details such as this for sales in your neighborhood.

Harvey LA 70058 | Home and Real Estate Sales | September 2009

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

Related reading:

Harvey LA homes for sale
Harvey LA Real Estate Market Reports

Home Buying Tips
Home Selling Tips

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

Questions?  Feel free to contact the West Bank Living Team for any of your real estate needs.  It would be our pleasure to assist you.

Great Seafood on the West Bank of New Orleans | Perino's Boiling Pot

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

It’s pretty hard to impress a New Orleans native with boiled seafood. After all, we learn to peel crawfish and shrimp and pick crabs as soon as we are big enough to sit at the table – mostly because our parents quickly got tired of doing it for us. So while I had heard good things about Perino’s from friends, I didn’t have any really high expectations when we pulled into the parking lot on the West Bank Expressway.

Perino's 5

The front of the building is very plain and when you enter there is a to-go counter and a large, open dining room jam packed with cafeteria like tables and chairs for family style seating along with a few arcade games and a claw machine for the kids, big or small. Very 1970s, right down to the neon beer signs and stuffed animals hanging on the walls. Topping each table is a big roll of paper towels, a basket of crackers and butter and a rack of condiments including a huge squeeze bottle of cocktail sauce – the only thing missing is the newspaper covering the tables.

Perino's Boiling Pot | Harvey LA

The menu is pretty simple and straightforward. Seasonal boiled and fried seafood and traditional sides such as potatoes, corn and sausage. The specials when we visited were the fried crawfish tails and fried alligator, served in a basket with fries. Since the whole reason we came was because we heard how good the boiled seafood was, we promptly ordered crabs and shrimp and decided to try the crawfish tail basket as well instead of sides.

Thank goodness we ordered the crawfish, because each basket came with a bowl of some of the best gumbo I’ve ever eaten. Filled with shrimp and crab claw meat and perfectly spiced, I think hubby and I set a record for the fastest gumbo eating. We weren’t the only ones impressed, as I heard other diners complimenting it as well. It’s only served by the cup or the bowl, but I’d gladly pay for a gallon of it to serve for dinner at home.

Perino's Boiling Pot | Harvey LA

Dear hubby jumped into the crawfish tails (which were pretty darn good) before I could take a picture, but the blue crabs and shrimp were out of this world. Well seasoned and juicy, I knew it was a good meal by the number of paper towels we went through! The wait staff was very friendly, the big screen TV was playing a college football game and there was just a comfortable, old New Orleans feel to the place.

It’s not fancy by any means, but if you are looking for casual, family friendly dining and delicious food, take a drive to Harvey and check out Perino’s Boiling Pot. You won’t be sorry.

Perino’s Boiling Pot is located at 3754 West Bank Expressway in Harvey LA. Open Sunday through Thursday from 11:30 am – 10 pm and until 11 pm on Friday and Saturday. Need more information? Give them a call at (504) 340-5539.

Harvey LA: 2008 Home Sales Year In Review

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

Another year over and time to once again take a look at the real estate market in on the West Bank.

Current real estate statistics for Harvey LA:

  • 150 active listings, priced from $44,900 to $597,400
  • 6 pending (but still showing) listings, priced from $115,000 to $227,000
  • 31 homes are under contract, priced from $69,660 to $589,900
  • The average listing price is $193,882
  • The median listing price is $159,900
  • Based on December 2008 sales (19), there is a 7.9 month supply of homes for sale in Harvey LA

Harvey LA - Number of Homes Sold 2008

Harvey LA Home Sales 2008

Home sales in Harvey remained fairly steady from month to month in 2008, averaging 21 sales per month and ending the year with a total of 257 homes sold. This is down 19% from the number sold in 2007. That seems like a lot, until you realize that across the West Bank home sales were down by 23%, so Harvey is performing a little better than the average.

Note the chart below, and you will see that with the exception of 2006 (post Katrina market), sales have been dropping year to year since 2004. Now, this may not be the case in every individual neighborhood, so if your Harvey home is for sale or will be for sale soon, your agent needs to provide the sales data for your specific community.

With fewer homes selling each year, it remains critical that home owners price and prepare their homes before they go on the market in order to be competitive. Home Selling Tips

Harvey LA Home Sales 2008

Harvey LA - Average Home Sale Prices 2008

Harvey LA Home Sale Prices 2008

Harvey ended 2008 with an average sale price of $154,273, down 9.3% from 2007. (The West Bank average decrease in price was 10%) Again, this is an average and your neighborhood may be performing better or worse than this.

For all of the Chicken Little's out there, I would point out that if you bought your home before 2005, then your home is more than likely worth more than you paid for it, provided you have kept up with maintenance issues. If you want up to date information on current listings and sales in your neighborhood, you are welcome to stop by and sign up for a free Market Snapshot.

Harvey LA Home Sale Prices 2008

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

If you are considering buying or selling a home in Harvey, please contact Lisa Heindel. It would be my pleasure to guide you through today's real estate market.

Contact Lisa Heindel 1 What's My Home Worth 1

Copyright 2009. Lisa Heindel. Originally published at West Bank Living. All rights reserved.

Harvey LA: October 2008 Real Estate Market Report

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

Originally published at West Bank Living

Current real estate statistics for Harvey LA as of 11/5/2008:

  • 195 active listings, priced from $51,500 to $598,000
  • Average list price of $190,561
  • Median list price of $159,900
  • 6 pending but continue to show listings, priced from $129,900 to $227,000
  • 42 under contract listings, priced from $20,000 to $499,000
  • Based on October 2008 sales, there is a 9.75 month supply of homes for sale in Harvey

Harvey LA - Number of Homes Sold October 2008

Harvey LA Real Estate and Home Sales

The number of homes sold in Harvey LA continues to remain stable from month to month, although the inventory (number of homes for sale) still indicates a buyer's market in the community. There are a fairly substantial number of pending sales that are falling apart each month. Many times it is due to the fact that home sellers have not grasped that there is stiff competition for qualified buyers and they must be willing to be flexible - whether on price or on making necessary repairs.

Sellers who are "holding out" for their dream price may be left holding their house for a long time.

Harvey LA 2008 Home Sales

Harvey LA - Average Home Sale Price October 2008

Harvey LA Home Sales

What puzzles me is why the average listing price went UP from September to October. Home sellers who are keeping an eye on the market should know that real estate prices in Harvey LA have been on the decline for the last 2 years.

Rather than following the pack and pricing at or above what you neighbor is asking for their home, you should be realistically pricing your home based on real, comparable sales. This remains the best way to get it sold quickly - or if not quickly, at least faster than other competing listings.

Harvey LA Home Sales

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

These reports are intended to provide an overview of the real estate market in Harvey. Your particular neighborhood or subdivision may be experiencing something different. Don't guess at what your Harvey home is worth - use a West Bank real estate professional to determine the right price and the right plan to get you moving.

Related Reading:

Lisa Heindel New Orleans West Bank Real Estate Specialist

Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.