Marrero LA 70072 | Home Sales and Real Estate Market Trends for September 2009

Current real estate activity in Marrero LA 70072:

254 homes are for sale in Marrero

High list price $2,500,000
Low list price $24,900
Average list price $186,682
Median list price $149,900

56 homes are under contract or pending sale, with an average list price of $136,680

Based on the number of homes sold in September (24), there is a 10.6 month supply of homes for sale

Marrero LA 70072 | Number of Homes Sold | September 2009

Year to date, there have been 266 homes sold in Marrero, compared to 286 at the same time in 2008. This 7% decrease in the number of home sales is typical of the current West Bank real estate market, which has seen sales slide across the area since the high point of 2006.

FHA remains the financing option chosen by the majority of home buyers in Marrero. Why is this important? Because 62% of the FHA buyers in September also required an average of $5,557 in assistance from the seller with their closing costs and prepaids (insurance, lender fees, etc.). When selling your home, you need to know what concessions other sellers are making in order to successfully sell their properties.

Marrero LA 70072 | Average Home Sale Price | September 2009

Average sale prices in Marrero are down 9.5% from the 2008 average, but are running just a hair above the 2005 average. Unless you purchased your home post-Katrina, you more than likely have built at least a little equity in it. Of course, this varies from neighborhood to neighborhood, with some performing better than others. Find out what's going on in your neighborhood with this week’s free market snapshot

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

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Do you have questions about the Marrero real estate market? Contact the West Bank Living Team today for professional real estate services and advice. It would be our pleasure to assist you.

Posted Wednesday Oct 21