Westwego, Avondale and Bridge City LA 70094 | Home Sales and Real Estate Market Trends for December 2009

By
Real Estate Broker Owner with Crescent City Living LLC

Current real estate activity in zip code 70094:

140 homes are for sale in Avondale, Bridge City and Westwego, LA High list price $330,000

  • Low list price $28,900
  • Average list price $129,138
  • Median list price $119,000

17 homes are under contract or pending sale, priced from $20,000 to $136,900 Based on the number of December sales (20), there is a 7 month supply of homes for sale in the area


Westwego, Avondale and Bridge City | Number of Homes Sold | December 2009

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics

Home sales in the 70094 zip code have been on the rise since August 2009, and ended the year at 152, just 8 sales shy of matching the 2008 sales. Even though we are not at the numbers recorded in previous years, based on the number of sales and the average sale prices, the areas of Westwego, Avondale and Bridge City are all showing signs of a stabilizing real estate market.

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics

While sales seem to be balancing out, it is taking longer to sell homes all over the West Bank, with the average days on market climbing over 58% to 84 days.

  • The longest 2009 home sale in the 70094 zip code was in 440 days
  • The shortest 2009 home sale in the 70094 zip code was in 1 day

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics


Westwego, Avondale and Bridge City | Average Home Sale Price | December 2009

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics

Prices in the area dropped slightly from 2008 to 2009, but by a negligible amount and are almost even with the pre-Katrina market. If you have been in your home for more than 5 years, you more than likely have experienced an increase in the value and equity in your home.

  • The most expensive home sold in the 70094 zip code was a 4 bedroom, 4.5 bath home on Barbe Drive that sold for $275,000 in September, 2009.
  • The least expensive home sold in the 70094 zip code was a 3 bedroom, 2 bath home in Bridge City in poor condition that sold for $10,500 in January, 2009.

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics

As in most areas on the West Bank, FHA is the financing choice of the majority of buyers. 35% of home sellers in the Westwego area provided closing cost assistance to the purchasers of their homes in 2009. Sellers, be sure that your agent is providing all of the details about comparable sales in your neighborhood.

Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

Westwego, Avondale and Bridge City LA | 2009 Real Estate Market Statistics

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

Related Articles:

Home buying tips

Home selling tips

West Bank 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!

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Topic:
Real Estate General Information
Location:
Louisiana Jefferson Parish Westwego
Groups:
City & State: Listings and Market Reports
Louisiana Lagniappe
Louisiana Real Estate
Market Reports
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Tags:
westwego home sales
westwego real estate
avondale home sales
bridge city home sales
new orleans west bank home sales
west bank living

Comments 4 New Comment

Rainmaker
383,895
John Walters
Licensed in Louisiana
Frank Rubi Real Estate

Lisa my guess about that 2006 spike in sales was a result of Katrina.

January 18, 2010 04:18 PM
Rainmaker
573,465
Terry & Bonnie Westbrook
Westbrook Realty - Grand Rapids Forest Hills MI Re
Westbrook Realty Broker-Owner

Lots of good news I would love to have a 7 month supply of homes in most any area.

January 18, 2010 06:47 PM
Ambassador
1,449,246
Renée Burrows
Las Vegas Real Estate Broker - www.urLVhome.com
Savvy Home Strategies Realty, LLC-REALTOR®-Estate-Probate

Oh, you know I am drooling at those very pretty Westwego, Avondale and Bridge CIty LA GRAPHS!  Nice presentation Lisa!

January 18, 2010 07:36 PM
Rainmaker
364,097
Lisa Heindel
New Orleans Real Estate Broker
Crescent City Living LLC

John, it was definitely Katrina related, but we are still performing below the 2005 numbers, so we have a ways to go.

Terry Bonnie, yep...it's not nearly as bad as some other areas I'm reading about. 

Thanks, Renee :)  That means a lot coming from the queen of graphs!!

January 19, 2010 10:41 PM
Rainmaker
364,097

Lisa Heindel

New Orleans Real Estate Broker
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