April 2010 Home Sales and Real Estate Market Update for Gretna LA 70053

Current real estate activity in Gretna LA:

51 homes are currently for sale

• High list price $409,000
• Low list price $44,900
• Average list price $153,500
• Median list price $134,000

19 homes are under contract or pending sale, priced from $37,500 to $275,500 Based on the number of April sales (6), there is a 8.5 month supply of homes for sale in Gretna

Gretna LA 70053 | Number of Single Family Homes Sold | April 2010

Year to date, there have been 21 single family homes sold in the City of Gretna – the same number as of April 2009. Pending sales are just slightly higher than last month, but that was to be expected due to (1) spring is a more active selling season and (2) buyers rushing to get under contract before April 30th and the end of the tax credit for first time home buyers.

Days on market for homes sold in 2010 is now at 89 days. Considering that the average active listing has been on the market for 132 days and the average under contract listing has been on the market for 167 days, look for this number to continue to go up as the year progresses.

Gretna LA 70053 | Average Single Family Home Prices | April 2010

Year to date, the average Gretna home sold for $139,475, a very slight increase from the 2009 average. It’s important to remember that the extremely low sales price average in February skews the numbers slightly. Get this week’s free home value report for a quick snapshot of listings and sales in your West Bank neighborhood.

More details about April home sales in Gretna:

• No bank owned or foreclosed properties were sold in April (3 are currently under contract)
• 33% of home sellers provided a home warranty to the buyers
• 17% of home sellers paid some or all of the purchaser closing costs
• FHA remains the financing option chosen by the majority of Gretna home buyers

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

Related Articles:

• Home buying tips
• Home selling tips
• Gretna Homes for Sale
• West Bank Real Estate Market Statistics

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