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Metairie, LA Residential Real Estate (2nd Quarter 2011)

 

In comparison to the last two fiscal quarters, Metairie’s real estate market is increasing in volume in the amount of  homes that are actively on the market, and that are either under contact or that have been sold.  This article contains the market statistics for residential real estate in Metairie during the 2nd fiscal quarter of 2011.   To compare these results to the first two fiscal quarters of 2011 CLICK HERE.  Tribute Real Estate continuously updates its market research through an automated state of the art market monitoring system.  At Tribute Real Estate we provide our clients, both buyers and sellers, with the best market information in the greater New Orleans area. Contact us today to get a free consultation and home value analysis with one of our professional real estate agents.

Old Metairie Market Statistics for the 2nd quarter of 2011 (April 1, 2011 to June 30, 2011):

Total Homes on Market (active and sold)=       1,391  Homes

Single Family Homes Sold =                                  593 Homes

Active Single Family Home Listings=                  663 Homes

Homes Under Contract=                                         135 Homes

 

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 7 7 7,465 $3,250,000 504.97 $2,050,000 336 133.6% 1,387
Low 0 1 654 $19,000 14.96 $19,000 8.74 54.5% 0
Average 3 2 2,130 $289,209 127.88 $253,816 117.38 94.11% 112
Median 3 2 1,854 $215,000 120.71 $195,000 111.91 95.2% 76

 

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 9 201.67 High $3,250,000 $2,050,000
$50,000 – $74,999 25 76.8 Low $19,000 $19,000
$75,000 – $99,999 29 77.9 Average $289,209 $253,816
$100,000 – $119,999 45 90.51 Median $215,000 $195,000
$120,000 – $139,999 100 93.42
$140,000 – $159,999 123 103.77
$160,000 – $179,999 166 113.05
$180,000 – $199,999 153 101.76
$200,000 – $249,999 266 106.62
$250,000 – $299,999 129 113.55
$300,000 – $399,999 136 130.72
$400,000 – $499,999 72 105.79
$500,000 – $749,999 77 139.6
$750,000 – $999,999 32 143.06
$1,000,000 or over 29 198.86
Total 1,391 112.14

 

 

 

Based on information from the Gulf South Real Estate Information Network, Inc. for the period of April 1, 2011 through June 30, 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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