Belle Chasse, LA

Current real estate activity in Belle Chasse LA:

48 single family homes are listed for sale

• High list price $1,700,000
• Low list price $149,000
• Average list price $356,492
• Median list price $298,750

15 homes are under contract or pending sale, priced from $85,000 to $450,000

Based on the number of April sales (3), there is a 16 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Single Family Home Sales | April 2010

Year to date, there have been 11 single family homes sold in Belle Chasse, compared to 17 at the same time last year. The first time buyer tax credit has had little impact on the Belle Chasse market because the average prices are higher than most of the rest of the West Bank of New Orleans, pushing it out of the reach of many of those buyers.

Days on market for homes sold in 2010 has dropped dramatically from the 2009 average, currently standing at 50 days. Homes still on the market have been listed for an average of 145 days and a median of 75 days, so expect to see this number jump around as some of the older inventory sells.

Belle Chasse LA | Average Single Family Home Prices | April 2010

Average home prices in Belle Chasse leaped up to $462,167 in April, mostly due to the sale of home in Thousand Oaks for $700,000. The average pending sale is well below that, so we’ll see this number drop off again by the end of May. Year to date, the average is $294,136, a decrease of 2.6% from the 2009 average.

Although Belle Chasse is one of the few areas on the West Bank where home values are exceeding those of 2005-2006, note that the average home sale price has been dropping since it peaked in 2008.

Run your own report of home values in your Belle Chasse neighborhood

More about April home sales in Belle Chasse LA:

• 1 home sold in April was a bank owned/foreclosure property
• 1 seller paid for a home warranty for the buyer
• No closing cost assistance was provided by any Belle Chasse home seller in April

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

Search Belle Chasse LA homes for sale

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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!

Current real estate activity in Belle Chasse LA:

51 single family homes are for sale in Belle Chasse

• High list price $1,700,000
• Low list price $130,000
• Average list price $341,271
• Median list price $290,000

10 homes are under contract or pending sale, priced from $85,000 to $450,000

Based on the number of March sales (5), there is a 10 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Single Family Home Sales | March 2010

Year to date, there have been 7 single family home sales in Belle Chasse, compared to 11 at the same time last year. The decrease in the number of sales seems to be targeted towards the higher end of the Belle Chasse price range, as reflected in the continued drop of the average sale prices.

Days on market plunged to 63, but look for this number to go up – the average days on market for all listings (active, under contract, etc) is 115. What I see happening is that buyers are quick to move on homes in the lower price ranges (bringing down the sold days on market) while the higher end homes are taking longer to sell (pushing up the active days on market).

Belle Chasse LA | Average Home Sale Prices | March 2010

As of the end of the first quarter of 2010, the average single family home in Belle Chasse is selling for $237,571, the lowest average we’ve seen in the area in the last 5 years. With only one sale over $300k so far this year, sellers in the upper end of the price ranges could be in for fairly long marketing times. Sellers who are considering selling in the $250,000 price range are in the best position.

More about March 2010 home sales in Belle Chasse:

• 80% of the homes were less than 18 years old, indicating a buyer preference for newer homes
• 60% of home sellers paid for a home warranty for the purchaser
• The $225,000 - $275,000 price range is the most popular with buyers and the easiest price range to sell in

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

You might also be interested in:

• Home buying tips
• Home selling tips
• Belle Chasse LA Homes for Sale
• West Bank Real Estate Market Statistics

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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

This week’s video tour takes place in the Belle Chasse neighborhood of Pleasant Ridge Estates.

Located in the upper part of Belle Chasse, Pleasant Ridge is just off of Woodland Highway and boasts some of the finest homes in the area. Gated and secure, the community has very little turnover…a testament to how much the home owners love living there. Join us on a drive through this lovely neighborhood.

Can’t see the video above? Click here.

For more information, read Pleasant Ridge Estates | West Bank Neighborhood of the Week

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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!

Current real estate activity in Belle Chasse LA:

43 single family homes for sale

• High list price $1,700,000
• Low list price $85,000
• Average list price $362,440
• Median list price $283,500

7 homes are under contract or pending sale, priced from $183,000 to $450,000

Based on January sales (1), there is a 43 month supply of homes for sale in Belle Chasse

Belle Chasse LA | Number of Home Sales | January 2010

January saw 1 single family home sale in Belle Chasse, the slowest January since we started tracking sales in 2004. With only 1 sale, the average days on market has little meaning. I can tell you that of the currently active listings, the average days on market is 170, so Belle Chasse seems to be slowing down. We won't know that for sure until we see another couple of months of data for comparisons.

Belle Chasse LA | Average Home Sale Prices | January 2010

The January average sale price was $263,300, but, again, it's important to remember that this is only one sale. No seller concessions were made and no home warranty was provided for the buyer.

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

Related Articles:

Home buying tips
Home selling tips

Belle Chasse homes for sale

West Bank Real Estate Market Statistics

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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

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!