February 2010 Home Sales and Real Estate Market Reports for Harvey LA 70058

By
Real Estate Broker/Owner with Crescent City Living LLC

Current real estate activity in Harvey LA 70058:

152 single family homes are currently for sale

  • High list price $539,000
  • Low list price $500 (HUD property with pre-existing liens on it)
  • Average list price $180,946
  • Median list price $148,000

52 homes are under contract or pending sale, priced from $50,301 to $339,000

Based on the number of homes sold in February (13), there is a 11.7 month supply of homes for sale in the area

Harvey LA 70058 | Number of Homes Sold | February 2010

Harvey LA Single Family Home Sales February 2010

Year to date, there have been 28 single family homes sold in Harvey, compared to 20 at the same time last year (an increase of 40%).

Harvey LA 70058 single family home sales

Average days on market for homes sold in February was 38, bringing the year to date average to 64 days. Compare this to the average days on market for active listings of 115 and I expect that we will see this number rise over the coming months as homes that have been on the market longer begin to sell.

Days on Market for real estate sold in Harvey LA 70058

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

Harvey LA Average Single Family Home Sale Prices 2010

The average Harvey home price took a jump in February, bringing the year to date average to $142,100. Part of the drop in prices when compared to 2009 can be attributed to the fact that 25% of the sales so far this year were of properties in Fair or Poor condition. Homes in excellent condition are continuing to command higher prices.

Get up to date information on listings and sales in your West Bank neighborhood

Harvey LA average home sale prices 2010

Some more details about February 2010 home sales in Harvey:

  • 6 homes were in Excellent condition, 3 homes in Average condition, 2 homes in Fair condition, 1 home in Very Good condition and 1 home in Poor condition
  • 46% of the homes sold were bank owned or foreclosure properties
  • 31% of sellers paid for a home warranty for the buyers
  • 38% of sellers provided some type of closing cost assistance to the purchasers

 

Home financing options in Harvey LA 70058

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

Related Articles:

Home buying tips

Home selling tips

Homes for sale in Harvey LA

West Bank Real Estate Market Statistics

 

Search New Orleans West Bank homes for sale worth_green


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

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City & State: Listings and Market Reports
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Rainmaker
2,157,877
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Thanks for sharing your area market reports. Best wishes for continued success.

Mar 16, 2010 05:59 AM #1
Rainmaker
309,254
Susan Brown
Keller Williams NE, Kingwood Texas (Humble & Atascocita too) - Kingwood, TX

Lisa, Boy that low price of $500 really caught my eye.  Those must have been some liens! 

Mar 16, 2010 12:56 PM #2
Ambassador
583,948
Kat DeLong
MOUNTAIN COUNTRY REALTY, Lake Arrowhead. (909)-273-4542 - Lake Arrowhead, CA
Realtor BRE#01235311, Lake Arrowhead Real Estate (

You are the BOMB with these graphs and charts! I just can't do them.

Mar 17, 2010 07:54 PM #3
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Rainmaker
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Lisa Heindel

New Orleans Real Estate Broker
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