Current real estate activity in Westwego, Avondale and Bridge City: 149 homes are listed for sale High list price $325,000 Low list price $32,900 Average list price $119,887 Median list price $109,900 37 homes are under contract or pending sale, priced from $19,900 to $223,900 Based on the number of April sales (11), there is a 13.5 month supply of homes for sale in the 70094 zip code Westwego, Avondale and Bridge City | Number of Homes Sold | April 2010 As of the end of April, there have been 36 single family homes sold in the 70094 zip code (Westwego, Avondale, Bridge City and Waggaman).  This is a decrease of 26% from the 49 that were sold by this point in 2009.  With 37 homes pending sale, I expect this to balance out over the next couple of months as the buyers taking advantage of ... 06/01/2010

Once again, I missed the opening of the 2010 summer concerts at the farmer’s market in Westwego. One day, I’ll get it together and be there for the first one, but in the meantime there is a great line up of fun and music scheduled all the way into July. My favorite moment of the 2009 series was when Waylon Thibodeaux performed Matilda. Old school, but so much fun.   Can’t see the video? Click here Each Friday evening, you can bring your lawn chair or blanket and your dancing shoes out to the market for the free concerts. Food and drink are being sold on site, so leave the ice chest at home. Family friendly and a fun way to kick off the weekend, here’s the music line up: May 21 Michael Carballo and Esplanade May 28 Aaron Foret June 4 Skeeter and the Swamp Pop Band June 11 Crescent City H... 05/21/2010

Current real estate activity in Westwego, Avondale and Bridge City: 150 single family homes are for sale High list price $330,000 Low list price $19,900 Average list price $125,855 Median list price $116,500 28 homes are under contract or pending sale, priced from $20,000 to $190,000 Based on the number of homes sold in March (9), there is a 16.7 month supply of homes for sale in the 70094 zip code Westwego, Avondale and Bridge City | Number of Homes Sold | March 2010 Year to date, there have been 25 single family home sales in the 70094 zip code (Westwego, Avondale, Bridge City and Waggaman) compared to 35 at the same time last year. 20% of the sales have been homes in Poor or Fair condition, which typically attract investors with the cash to make the necessary repairs and/or renovatio... 04/22/2010

Current real estate activity in Westwego LA: 143 single family homes are for sale High list price $330,000 Low list price $20,900 Average list price $127,934 Median list price $115,000 26 homes are pending sale or under contract, priced from $20,000 to $185,000 Based on the number of homes sold in February (8), there is a 17.9 month supply of Westwego homes for sale Westwego, Avondale and Bridge City LA 70094 | Number of Single Family Homes Sold | February 2010 Home sales in the 70094 zip code remained flat from January to February 2010, bringing the year to date number of single family home sales to 16.  Sales are down from 21 at the same time last year, a decrease of 24% in the number of successful sales. Days on market has crept up to 97 for sold homes.  The average days on market fo... 03/22/2010

Current real estate activity in Westwego, Avondale and Bridge City: 139 single family homes are for sale High list price $330,000 Low list price $24,900 Average list price $130,840 Median list price $119,000 23 homes are under contract or pending sale, priced from $19,900 to $299,000 Based on the number of homes sold in January (8), there is a 17 month supply of homes for sale in the 70094 zip code Westwego Avondale Bridge City | Number of Single Family Homes Sold | January 2010 The 70094 zip code started the year with 8 home sales in January, compared to 10 in January 2009. This marks the slowest January sales in the last 5 years. But, with 23 homes under contract, I expect to see an increase in closings for February. Days on market took a jump, up to an average of 107 days for sold l... 02/25/2010

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 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 show... 01/18/2010

Current real estate activity in Westwego, Avondale and Bridge City: 138 homes are for sale High list price $330,000 Low list price $30,900 Average list price $132,320 Median list price $119,350 24 homes are under contract or pending sale, priced from $20,000 to $136,900 Based on the number of homes sold in November (15), there is a 9.2 month supply of homes for sale in the area Westwego, Avondale and Bridge City | Number of Homes Sold | November 2009 Westwego hit a high for the year, with 15 homes sold in November, bringing the year to date total to 132 home sales in the 70094 zip code (compared to 149 at the same time last year). FHA remains the most popular financing option chosen by home buyers in Westwego, Avondale and Bridge City.  Because it is among the most affordable housing on... 12/29/2009

Current real estate activity in Westwego, Avondale and Bridge City LA: 139 homes are for sale High list price $339,000 Low list price $37,900 Average list price $134,279 Median list price $119,200 33 homes are under contract or pending sale, priced from $20,000 to $187,900 Based on the number of homes sold in October (13), there is a 10.7 month supply of homes for sale in the 70094 zip code (still a buyer’s market) Westwego, Avondale and Bridge City LA 70094 | Number of Homes Sold | October 2009 Despite a slight dip in August, the number of homes sold in Westwego, Avondale and Bridge City has remained steady from month to month in 2009, with an average of 11.7 homes sold per month and 117 homes sold year to date.  This is a decrease of 18% from the number of sales at the same time last ... 11/24/2009

Current real estate activity in the 70094 zip code: 129 homes for sale High list price $369,000 Low list price $35,000 Average list price $133,781 Median list price $118,000 39 homes are under contract or pending sale, with an average list price of $103,667 Based on the number of homes sold in September (12), there is a 10.75 month supply of homes for sale in the community Westwego Avondale Bridge City | Number of Homes Sold | September 2009 Westwego, Avondale and Bridge City ended September with a total of 104 homes sold in 2009, compared to 130 at the same time last year (a 20% decrease in the number of sales).  In my opinion, part of the reduction in sales can be attributed to the condition of properties in the area.  Almost 50% of the sales were of homes that were in Poor, Fair or A... 10/22/2009

Current real estate activity in Westwego, Avondale and Bridge City LA 70094: 126 active listings High list price $629,000 Low list price $44,900 Average list price $134,241 Median list price $119,000 The average home for sale in zip code 70094 has been on the market for 102 days There are 29 pending sales, priced from $29,900 to $216,125 Westwego, Avondale and Bridge City Home Sales – March 2009 The good news is that the number of home sales in Westwego, Avondale and Bridge City increased again in March, which is typical for the spring housing market.  If history holds any clues, we can expect to see a higher number of sales for the next 3 months or so.  The first quarter of 2009 saw 35 closed sales, compared to 43 in the first quarter of 2008. The not so good news is that 8 of the 14 s... 04/17/2009

Westwego, Avondale and Bridge City LA – Current real estate market activity   110 active listings, priced from $29,900 to $398,995 (down from 118 last month) 35 pending sales, priced from $29,900 to $216,125 (up from 30 last month) Based on the number of homes sold in February (11), there is a 10 month supply of homes for sale in the area Westwego, Avondale and Bridge City LA – Number of Homes sold February 2009 Year to date, there have been 22 homes sold in the 70094 zip code, compared to 30 at the same time last year.  The investors are out in force, with over 40% of this years sales being paid for in cash. The interesting data is that only about 1/3 of the contracts being written are closing within 30 days.  Part of this is the stricter lending criteria that buyers must meet – lender... 03/13/2009

First, I have to say mea culpa, mea culpa. There was an error in how the monthly sales reports were being pulled for Westwego, Avondale and Bridge City that resulted in inaccurate information for 2008. The error has been corrected and you can be assured that the end of year sales information is as accurate as possible. That said, let's take a look at how the communities fared for the year. Current real estate statistics for zip code 70094: 118 active listings, priced from $45,000 to $398,995 10 pending sales (homes still being shown) priced from $72,000 to $135,000 14 homes are under contract, priced from $12,240 to $188,000 The average list price is $135,553 The median list price is $120,000 Based on December 2008 sales (11), there is a 10.7 month supply of homes for sale in Westwego, ... 01/24/2009

Originally published on West Bank LivingCurrent real estate statistics for Westwego, Avondale and Bridge City LA as of 11/5/2008: 131 active listings, priced from $39,900 to $398,995 Average list price $133,811 5 pending sales, continuing to show, priced from $85,000 to $120,000 14 homes are under contract, priced from $49,900 to $179,000 Based on October sales, there is a 10.9 month supply of homes for sale in Westwego, Avondale and Bridge City, up from 9.5 last month. Westwego, Avondale and Bridge City LA - Number of Homes Sold October 2008 I was pleased to see that the big jump in recorded sales for September was not just an anomaly, since it continued into October.  This increase puts Westwego, Avondale and Bridge City on track to surpass the number of homes sold in 2007, a rarity o... 11/05/2008

February 2008 Home Sales for Westwego, Avondale, Bridge City and Waggaman February brought a drop in the number of home sales in zip code 70094 (Westwego, Avondale, Bridge City and Waggaman) for the second straight month in 2008, although the current number of pending sales provide hope for an increase in closings in March.  As inspections and financing continue to present challenges and cause accepted purchase agreements to be canceled, I'd like to make the following reminders: Home sellers:  Have your home in show ready condition, taking care of deferred maintenance before you put your house on the market.Home buyers:  Update your mortage approval.  Many lending programs have changed their guidelines and some have been discontinued completely.  Approvals over 30 days old need to be re... 03/05/2008

Saturday night, I had the chance to attend my first ever show at the Westwego Performing Arts Theatre in historic Salaville.  Out to celebrate the hubby's birthday this weekend, we started the evening with the buffet dinner in the community center, then walked out the back door and directly into the intimate theatre that is just the right size to give everyone a great view of the stage.   While dinner was not that impressive (next time I'll save the $15), the musical was quite entertaining and showcased the local talents of the ensemble cast.  Set in the fictional Armadillo Acres trailer park in Starke, Florida, the musical  comedy follows the stories of the residents set to song.  Not for the kiddies, there were a few "blue" words sprinkled through the show, but the audience appeared t... 03/02/2008

So, what's happening in the real estate market for zip code 70094?  Take a look at the January 2008 home sales vs. the January 2007 sales: January 2008January 2007# Homes sold1313High sale price$312,000$297,200Low sale price$34,900$65,000Average sale price$105,915$123,885Average days on market6058Total sales volume$1,376,900$1,610,500 There are current 123 active listings in zip code 70094 which covers Westwego, Avondale, Waggaman and Bridge City, LA.  High list price:  $430,000 Low list price:  $44,900 Available homes have from 1-4 bedrooms and 1-4+ bathroom Sizes range from 504 square feet to over 3,600 square feetBased on the January sales information, it appears that the area has about a 9.5 month supply of homes for sale.  (A balanced real estate market has on average a 5-6 month s... 02/09/2008

West Bank market update for WestwegoOctober sales volume (number of single family homes sold) has declined from the 2006 level of 10 homes sold to 6 homes sold in October of 2007, a 40% decline in the total number of homes sold during the month. The number of homes sales remained steady at 6 homes sold per month in September 2007 and  October 2007.            FHA loans became the preferred method of financing a home purchase in Westwego, accounting for 50% of the home purchases in 2007, up from 30% in 2006.Average sale prices in Westwego have decreased from $137,500 in October 2006 to $98,750 in October 2007, an decrease of 28% in average sold price.  Lower average purchase prices make this the time to buy a home in Westwego!           Average days on market for October 2007 was 57, an ... 11/04/2007

Westwego to offer home ownership opportunity for rentersThe Times Picayune today published an article about a project being funded by several public and private agencies that will give low income families an opportunity to become home owners through a long term lease purchase agreement.  The first homes in the Claiborne Homes I subdivision are expected to be complete by the end of 2007.  Read the complete article here.It's always exciting to see more families have the opportunity to own their own home.  Besides the personal benefits of home ownership to the individual, there are benefits to the community in the form of an increased tax base and the potential for increased involvement in the school system, elections and other area activities.  My concern about this project is the amount ... 09/14/2007

  Single Family and Condo sales only   Units Sold Average Days on Market Average Sales Price 1/1/2005 - 8/1/2005 626 55 $139,580 1/1/2006 - 8/1/2006 910 51 $162,839 1/1/2007 - 8/1/2007 579 65 $167,727 This information is provided by the Gulf South Real Estate Information Network As of 8/1/2007, there were 766 active listings on the West Bank in Marrero, Harvey, and Westwego, with an average list price of $202,149.    See my previous post, Terrytown and Gretna Market Update, for a list of reasons your house may still be for sale. I hope to keep everyone up to date on the West Bank market as changes happen.  If you have a question or a comment, drop me a line at lheindel@latterblum.com.  Hope to hear from you soon!   08/24/2007