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Metairie Home Sales and Active Listings Statistical Report: 3rd quarter 2010 through 1st quarter 2011

 

Metairie’s real estate market analysis for single family residential homes is one of our many areas of concentration.  Tribute Real Estate is continuously updating its real estate market research to provide its agents and clients with the most up to date and relevant information.  Here we are  examining Metaire, Louisiana ‘s home sales  and active listings over the past two fiscal quarters.  Single family home sales and listings in Metairie have been relatively stable with a slight downward trend when comparing the last two fiscal quarters. In general, the Metairie single family home market has significantly increased its inventory.  This analysis includes the entire Metairie real estate market; we also have two seperate refined statistical analysis for Old Metairie and the Metairie Lakefront areas.

Metairie, LA Real Estate Market Statistics from October 1, 2010 to December 31, 2010 (4th quarter):

Total Homes on Market=                             507 Homes

Single Family Homes Sold =                       193 Homes

Active Single Family Home Listings=       314 Homes

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 7 6 7,794 $2,400,000 451.36 $1,400,000 296.48 122.5% 1,284
Low 0 1 667 $44,900 18.71 $55,000 22.92 61.2% 0
Average 3 2 2,244 $321,542 134.01 $262,887 121.11 93.95% 174
Median 3 2 1,980 $220,000 122.37 $195,000 113.66 94.5% 146

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 1 749 High $2,400,000 $1,400,000
$50,000 – $74,999 4 73.75 Low $44,900 $55,000
$75,000 – $99,999 9 126.44 Average $321,542 $262,887
$100,000 – $119,999 13 102.85 Median $220,000 $195,000
$120,000 – $139,999 31 156.77
$140,000 – $159,999 44 149.68
$160,000 – $179,999 64 156.38
$180,000 – $199,999 64 146.69
$200,000 – $249,999 84 171.11
$250,000 – $299,999 39 172.87
$300,000 – $399,999 48 222.25
$400,000 – $499,999 41 193.66
$500,000 – $749,999 30 237.23
$750,000 – $999,999 21 173.33
$1,000,000 or over 14 235
Total 507 173.83

 

Metairie, LA Real Estate Market Statistics from January 1, 2011 to March 31, 2011 (1st quarter):

Total Homes on Market=                             861 Homes

Single Family Homes Sold =                       160 Homes

Active Single Family Home Listings=       701 Homes

 

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 7 7 7,794 $3,250,000 504.97 $2,050,000 336 120.2% 1,285
Low 0 1 667 $19,000 14.96 $19,000 8.74 58.5% 0
Average 3 2 2,233 $319,267 132.95 $267,557 117.04 93.88% 119
Median 3 2 1,922 $224,900 123.85 $190,750 108.72 95.35% 79

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 4 243.25 High $3,250,000 $2,050,000
$50,000 – $74,999 13 92.38 Low $19,000 $19,000
$75,000 – $99,999 17 109.73 Average $319,267 $267,557
$100,000 – $119,999 15 82.73 Median $224,900 $190,750
$120,000 – $139,999 50 107.92
$140,000 – $159,999 75 111.57
$160,000 – $179,999 106 121.83
$180,000 – $199,999 90 119.38
$200,000 – $249,999 149 107.84
$250,000 – $299,999 73 100.65
$300,000 – $399,999 95 121.38
$400,000 – $499,999 70 125.35
$500,000 – $749,999 52 159.06
$750,000 – $999,999 27 151.56
$1,000,000 or over 25 149.58
Total 861 119.07

 

 

Based on information from the Gulf South Real Estate Information Network, Inc. for the period of October 1, 2010 through March 31, 2011. In compliance with Section 13 of the Gulf South Real Estate Information Network, Inc.’s Rules and Regulations as use of “information from MLS compilation of current listing information, from the association‘s statistical report, or from any sold or comparable report of the association or MLS for public mass-media advertising by an MLS participant”…such use… “may not be prohibited.”

 

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