Belle Chasse LA 70037 | Home Sales and Real Estate Market Trends for December 2009

Current real estate activity in Belle Chasse LA:

49 homes are for sale in Belle Chasse

• High list price $1,700,000
• Low list price $78,800
• Average list price $359,941
• Median list price $299,000

5 homes are under contract or pending sale, priced from $196,000 to $375,000

Based on the number of December sales (4), there is a one year supply of homes for sale in Belle Chasse

**The inventory supply estimate will move up and down based on active listings and the number of sales

Belle Chasse LA | Number of Homes Sold | December 2009

Belle Chasse ended 2009 with a total of 67 homes sold, down 11.8% from the number sold in 2008.

How does Belle Chasse compare to the rest of the New Orleans West Bank?

	Belle Chasse	New Orleans West Bank
Active listings	49	1,132
Average list price	$359,941	$192,467
Average days on market (actives)	149	141
Homes sold in 2008	67	1,429
Average days on market (solds)	112	96

Those 67 sales made up 4.7% of the West Bank real estate market in 2009, down slightly from 4.9% of the 2008 sales. What does this mean? Belle Chasse is staying steady in it’s command of market share. Sales are taking slightly longer (note the average days on market), due to the fact that the higher average price ranges mean a smaller pool of qualified buyers.

Some other items of note

• Despite the national news, bank owned properties are rare in the area, with only 4 foreclosure sales in Belle Chasse in all of 2009.
• 15% of the 2009 home sellers provided some sort of closing cost assistance to the buyers
• Conventional financing continued to capture the lion’s share of the market in 2009

Belle Chasse LA | Average Home Sale Prices | December 2009

Don’t let that big jump in the average sale prices in December fool you! 2 of the 4 December sales were of high end properties – one for $650,000 and another for over $1 million – that pushed that average way up. Instead, look at the year to date average home sale price in Belle Chasse of $301,840 to get a better idea of what the market is doing.

While the 2009 average was down from the previous year, homes prices are still substantially above that of any other West Bank community. Unless you purchased your home in the last year or two, you have more than likely experienced an increase in equity.

	Belle Chasse	New Orleans West Bank
Average sale price	$301,840	$156,546
Average list price	$359,941	$192,467

The gap between the average listing price and the average selling price can be explained by the high end listings that are skewing the average. The median list price of $299,000 tells me that most sellers are taking a very close look at their competition when pricing their homes. Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

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

Related information

• Belle Chasse LA community information
• Belle Chasse LA homes for sale
• New Orleans West Bank homes for sale

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For more information about home buying or selling in Belle Chasse or a relocation 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!