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

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

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 | Average Single Family Home Prices | January 2010

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

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

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