Westwego, LA

Current real estate activity in Westwego, Avondale and Bridge City LA 70094:

• 126 active listings
• High list price $629,000
• Low list price $44,900
• Average list price $134,241
• Median list price $119,000
• The average home for sale in zip code 70094 has been on the market for 102 days
• There are 29 pending sales, priced from $29,900 to $216,125

Westwego, Avondale and Bridge City Home Sales – March 2009

The good news is that the number of home sales in Westwego, Avondale and Bridge City increased again in March, which is typical for the spring housing market.  If history holds any clues, we can expect to see a higher number of sales for the next 3 months or so.  The first quarter of 2009 saw 35 closed sales, compared to 43 in the first quarter of 2008.

The not so good news is that 8 of the 14 sales for March were of homes in either Poor, Fair or Average condition, so sellers who have a move in ready home are waiting a little longer for those offers, as it appears that the investors and do-it-yourselfers are making up the largest number of buyers in the area right now, with cash buyers making up almost half of the sales.

Westwego, Avondale and Bridge City Average Home Sale – March 2009

The year to date average sale price of $90,285 is down 7% from the 2008 average.  Again, most of this is caused by the condition of the homes sold, with a lesser condition equating to a lesser sale price.  Looking for ways to increase the sale price of your home?  Read Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers

Homes sold in March were on the market for an average of 95 days before receiving an acceptable offer.  To minimize marketing time, sellers need to be prepared, priced right and flexible with showings to attract the attention of qualified buyers.

Home Selling Tips

If you are considering buying or selling a home in Westwego, Avondale or Bridge City, please contact the West Bank Living Team.  It would be our pleasure to assist you.

• Westwego and Avondale homes for sale
• 2009 First Time Home Buyer Tax Credit FAQ
• Sign up now for a free online report of listings and sales

The West Bank Living Team provides professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans.  For answers to your West Bank real estate questions, feel free to contact us.

Westwego, Avondale and Bridge City LA – Current real estate market activity

• 110 active listings, priced from $29,900 to $398,995 (down from 118 last month)
• 35 pending sales, priced from $29,900 to $216,125 (up from 30 last month)
• Based on the number of homes sold in February (11), there is a 10 month supply of homes for sale in the area

Westwego, Avondale and Bridge City LA – Number of Homes sold February 2009

Year to date, there have been 22 homes sold in the 70094 zip code, compared to 30 at the same time last year.  The investors are out in force, with over 40% of this years sales being paid for in cash.

The interesting data is that only about 1/3 of the contracts being written are closing within 30 days.  Part of this is the stricter lending criteria that buyers must meet – lenders are taking longer to approve mortgages and deals are taking longer to close.  Another part is that buyers are much more willing to walk away from a home that they find problems with during inspections….yet another reason to have your home ready before putting it on the market.

Are You REALLY Ready to Sell Your West Bank Home?

Westwego, Avondale and Bridge City LA – Average Home Sale Price February 2009

Of the 22 sales in 2009, 50% of them have been homes in need of repairs or renovations, holding the year to date average sale price to under $100,000.  As you can see in the chart below, there was a dramatic drop in average home sale prices from 2007 to 2008.  This trend has continued into 2009.

When selling a home in the 70094 zip code that commands a higher than average price, be sure that you know the 4 Things to Expect From Your Agent When Selling Your West Bank Home.

For more information about buying or selling a home in Avondale, Bridge City or Westwego, contact the West Bank Living Team.  It would be our pleasure to assist you.

• Westwego and Avondale homes for sale
• West Bank Homes for Sale
• Find out what's going on in your West Bank neighborhood with a free online valuation of your home

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

The West Bank Living Team provides professional representation for home buyers and sellers on the West Bank of New Orleans.  For all of your real estate needs, please contact us.

Current real estate statistics for zip code 70094:

• 118 active listings, priced from $45,000 to $398,995
• 10 pending sales (homes still being shown) priced from $72,000 to $135,000
• 14 homes are under contract, priced from $12,240 to $188,000
• The average list price is $135,553
• The median list price is $120,000
• Based on December 2008 sales (11), there is a 10.7 month supply of homes for sale in Westwego, Avondale and Bridge City zip code 70094

Westwego, Avondale and Bridge City LA - Number of Homes sold 2008

Westwego, Avondale and Bridge City LA - Average Home Sale Price 2008

Originally published on West Bank Living

Current real estate statistics for Westwego, Avondale and Bridge City LA as of 11/5/2008:

• 131 active listings, priced from $39,900 to $398,995
• Average list price $133,811
• 5 pending sales, continuing to show, priced from $85,000 to $120,000
• 14 homes are under contract, priced from $49,900 to $179,000
• Based on October sales, there is a 10.9 month supply of homes for sale in Westwego, Avondale and Bridge City, up from 9.5 last month.

Westwego, Avondale and Bridge City LA - Number of Homes Sold October 2008

I was pleased to see that the big jump in recorded sales for September was not just an anomaly, since it continued into October.  This increase puts Westwego, Avondale and Bridge City on track to surpass the number of homes sold in 2007, a rarity on the West Bank this year.  While not setting any record sales numbers, the real estate market is stable in the area.

Westwego, Avondale and Bridge City LA - Average Home Sale Prices October 2008

At the same time that the number of homes sold took a jump, the average selling price continued the gradual decline we have been watching since April 2008. 

Month to month variations are to be expected since they are dependant upon a small sample of sales, but the year to date sales information shows that the average home in zip code 70094 is selling for around 7% less than last year.

All data compiled from GSREIN and is deemed reliable, but not guaranteed.

Please remember that these reports are an overview of the real estate market in zip code 70094.  A report for your Westwego, Avondale or Bridge City neighborhood may tell a different story.  If you would like specific market information on your West Bank neighborhood, please contact Lisa Heindel.

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

Saturday night, I had the chance to attend my first ever show at the Westwego Performing Arts Theatre in historic Salaville. Out to celebrate the hubby's birthday this weekend, we started the evening with the buffet dinner in the community center, then walked out the back door and directly into the intimate theatre that is just the right size to give everyone a great view of the stage. While dinner was not that impressive (next time I'll save the $15), the musical was quite entertaining and showcased the local talents of the ensemble cast.

Set in the fictional Armadillo Acres trailer park in Starke, Florida, the musical comedy follows the stories of the residents set to song. Not for the kiddies, there were a few "blue" words sprinkled through the show, but the audience appeared to soak up every entertaining scene. The cast did a terrific job, with a couple of standout singers in the bunch, including Jessie Terrebonne as "Pippi" and Meredith Long as "Betty". Here's the show synopsis from the JPAS website:

What does a 35-year-old woman with agoraphobia, a stripper who doesn't mind hangin' around in her work attire after hours, a man on a rampage to win back his ex, and a woman who is psychologically habitually pregnant have in common? They are all stars in The Great American Trailer Park Musical! This comedy takes you to Starke, Florida for a chance to experience the lifestyles of the down and out and fabulous. So watch out for "Road Kill" and cross over to "This Side The Tracks" to meet the colorful folks of Armadillo Trailer Park in this crazy, fun-lovin', rated R musical.

A short intermission gave us just enough time to refill our drinks from the bar and visit with the friends that we ran into before the performance. I'm always reminded of how "small town" the West Bank is when I attend a function and see loads of people that I know! Chef Emile was just a couple of rows in front of us, out for a date night with his sweetie, still basking in the glow of kicking Bobby Flay's butt in a jambalaya throwdown last year.

If you have never been to the JPAS in Westwego, or haven't been for awhile, I heartily recommend that you check out the upcoming schedule and make plans to attend. Have an early or late dinner and enjoy the show.

For the talented kids and teens in your family, the theatre is offering a Youth Musical Theatre Summer Camp. Registration begins on March 3rd at 8:00 am. With enough participants, the kids will put on a musical at the end of the summer camp session. This sounds like a great way to keep the kids busy this summer, while encouraging their creativity.

It's been another great West Bank weekend....