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157 homes for sale
70 homes are under contract or pending sale, with an average list price of $152,624
Based on the number of homes sold in September (16), there is a 9.8 month supply of homes for sale in the area.
Harvey has seen 147 homes sold through September 2009, compared to 200 at the same time last year (a decrease of 26.5%). Like most other areas, the majority of Harvey home buyers are using FHA financing. These loans require the lowest down payment possible (3.5%) and appeal to the first time home buyers who are trying to get closed before the tax credit expires at the end of November.
Of note is the fact that 44% of the September buyers received an average of $2,756 in assistance from the seller with their closing costs and prepaids. If you are considering selling your Harvey home, be sure that the agents you talk to can provide you with adjusted sales prices to take any of this assistance into account when determining an acceptable sales price.
While the average sale price dropped from August to September, the year to date average is still almost 7% higher than in 2008 – a rare occurrence of increasing prices in today’s market! Remember, though, that this average does not take into account any seller paid assistance or allowances provided to the buyers at closing and your agent should be able to provide details such as this for sales in your neighborhood.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Related reading:
Harvey LA homes for sale
Harvey LA Real Estate Market Reports
Home Buying Tips
Home Selling Tips
Find out what's going on in your West Bank neighborhood with this week's free market snapshot
Questions? Feel free to contact the West Bank Living Team for any of your real estate needs. It would be our pleasure to assist you.
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167 homes are for sale
67 homes are under contract or pending sale, with an average list price of $172,469
Based on the number of homes sold in September (15), there is an 11.13 month supply of homes for sale
Although they are down about 9% from this time last year, the number of home sales in Terrytown and Gretna is holding fairly steady from month to month.
While the media focus has been on the first time home buyer tax credit and FHA loans, amazingly enough there were no FHA loans that closed in Terrytown in September.
| Type of Financing Used | Number of homes sold |
| Conventional loans | 6 |
| Cash | 7 |
| VA loans | 2 |
The bad news is that average home sale prices are down 5% from last year – and that’s really not so bad when compared to some of the other West Bank neighborhoods that have been hit hard.
The good news is that unless you purchased your home in 2006-2008, you more than likely have built equity in it, just not at the same rate we saw in the early 2000s.
Homes that are priced right and in excellent condition continue to attract the most attention and sell faster than homes that need a little TLC.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Terrytown and Gretna LA homes for sale
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
Questions? Contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs.
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53 homes for sale
15 homes are under contract or pending sale, with an average list price of $142,841
Based on the number of homes sold in September 2009 (9), there is a 5.9 month supply of homes for sale in Gretna (a balanced real estate market).
Year to date, Gretna has seen 54 successful home sales, compared to 59 at the same time last year. Not bad, when the majority of the West Bank has seen the number of sales drop substantially from 2008 to 2009.
The average Gretna home sold in September had 3 bedrooms, 2 baths, 1373 square feet of living area and was on the market for 46 days. Homes priced right and in the best possible condition can still sell quickly!
The best news for Gretna is that the supply and demand of homes is in balance at this time. That could change quickly if a large number of homes come on the market for sale, but for now it’s one of the most stable markets on the West Bank of New Orleans.
While the number of Gretna homes sold is holding fairly steady, the average sale price has dropped by 7% from 2008. This is still not nearly as dramatic of a decrease as some other communities on the West Bank have experienced. The first time home buyer tax credit is about to expire, so it will be interesting to see if the average prices increase or decrease when that option is no longer available.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
Questions? Contact the West Bank Living Team. It would be our pleasure to assist you with any of your West Bank real estate needs.
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Recently, I heard about a 5 year old boy who lives in Algiers named Ben Sarrat. Ben is fighting an inoperable brain tumor caused by pediatric cancer. His family is doing everything they can to make Ben’s life happy, including sending him to St. Andrew the Apostle School which has been a dream of his since he was very small. Attending St. Andrew’s has let Ben meet some great kids – and those kids are showing just how great they are this weekend.
Because they want to help Ben get better, several of his friends and classmates have organized a multi-family bake sale for this Sunday morning at 753 Huckleberry Lane in Terrytown. Not only can you buy cookies, cupcakes, lemonade and other treats, but there will also be a raffle of a $100 gift certificate to Ruth’s Chris Steakhouse (raffle tickets are just $1 each).
People who move to New Orleans from other parts of the country usually think that they are coming to a big city. Those of us who grew up here or have lived in the metro area for any length of time know that it’s really just a small town surrounded by a lot of other small towns. And it’s these kind of small town happenings that remind me just how lucky we are over here on the West Bank to have such a caring community that will rally around friends in need.
Please take a moment on Sunday to stop by the bake sale and show some of our little citizens that they don’t have to wait for the world to change – they can change it, in their own way, every single day.
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The 2009 Gretna Heritage Festival is now part of the history books, and despite the fact that Sunday was dreary and rainy, I’m sure that another new attendance record must have been set. After spending 3 days on the festival grounds, I didn’t even come close to seeing or hearing everything, but I did get a really good sampling of food, music and fun.
The festival opened on Friday afternoon to a queue of waiting people and more continued to arrive in a steady stream throughout the evening. Lines quickly formed at the various food booths around dinner time and the arts and crafts vendors seemed to be doing a steady business.
Saturday was a gorgeous day and I’m sure that any previous records for one day attendance were smashed. By the time the sun set, it was getting difficult to make your way through the streets because there were so many people.
It’s a good thing Saturday was so fabulous, because Sunday dawned full of clouds, rain and overall dreariness. That didn’t keep the die-hards from coming out though, and after the Saints finished trouncing the Jets (GEAUX SAINTS!), even more people showed up to help close out the festival.
The ferry from Canal Street ran back and forth all weekend and most of the trips were at full capacity.
We found some fabulous Tshirts, posters and other art, lots of home decor and if you’re a fleur de lis fan that couldn’t find something you loved there…well, there just might be no pleasing you!
Local artist Terrance Osborne was on hand Saturday, signing prints of some of his most popular pieces.
Posters, books, art, jewelry…something for everyone, including good stories if you took a few minutes to stop and listen. The ladies below are the authors of the books they were selling and were a delight to visit with!
While people came from all over (we met the nicest folks from Kentucky hanging out in the Italian Village), true West Bankers were showing their pride and snapping up clothes with our different communities on them. Pssst…..will someone please make an Algiers shirt for next year??
Games and Rides
With pay one price wristbands on Friday evening and Sunday evening, the kids were bouncing from one ride to the next. There were also many carnival games for them to play (to the chagrin of many moms and dads, I’m sure) in that quest for a “big prize”.
And the food – OH, the food…I gained 10 pounds just walking through the streets. OK, so maybe I sampled a few things here and there :) If you didn’t leave full, shame on you.
Music
The biggest draw for the festival, though, is the music. Kerry Brown (who also is responsible for scheduling the Back to the River bands) always does an outstanding job of booking a wide variety of acts, and this year was no different. While I didn’t make it to some of the biggest draws (Kool & The Gang, Chicago, Jo Dee Messina) I did manage to wander enough to hear some great tunes every day, especially from our local bands and artists.
What a weekend! Thanks to all of the organizers and volunteers who make this event possible, with a special thanks to Dodie Rackley for helping me get access for all of my photos.. I hope to see you back at the Fest next year….
This is just a sampling of the pictures from the festival. Click here for more photos of the 2009 Gretna Heritage Festival. I’ll be slowly adding them over the next couple of days, so check back later!
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