April 2010 Home Sales and Real Estate Market Update for Harvey LA 70058

Current real estate activity in Harvey LA:All data supplied by GSREIN and is deemed reliable, but not guaranteed 175 actively listed homes for sale in Harvey

• High list price $535,000
• Low list price $30,000
• Average list price $181,317
• Median list price $149,900

72 homes are pending sale or under contract, priced from $32,000 to $369,000 Based on the number of homes sold in April (16), there is a 10.9 month supply of homes for sale in Harvey

Harvey LA 70058 | Number of Single Family Homes Sold | April 2010

Year to date, there have been a total of 61 single family homes sold in Harvey, compared to 58 at the same time last year. With 72 homes pending sale, look for a big jump in the year to date numbers over the next couple of months. More than likely this is due to the rush by buyers to take advantage of the first time buyer tax credit that required an accepted contract be executed by April 30th and closed by June 30th. Getting a handle on the projections for the rest of the year will be a little more difficult until after July 1st.

Average days on market in Harvey:

• Active listings = 99 days
• Under contract listings = 96

Harvey LA 70058 | Average Single Family Home Prices | April 2010

The average Harvey home sold in April went for $155,681, bringing the year to date average to $141,259. The represents a decrease of just over 14% in average home prices in the area. Remember, these are just averages and prices vary from neighborhood to neighborhood.

Get this week's free Harvey LA home value report.

More about Harvey homes sales in April:

• 19% of the homes sold were foreclosures or bank owned properties
• 37.5% of home sellers provided a home warranty to the buyers
• 44% of sellers provided some type of closing cost assistance to the purchasers

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

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