• Property Search

  • open panel

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

 

Metairie, Louisiana’s lakefront area of the local MLS spans from Lake Pontchartrain to W. Esplanade, and from the 17th St Canal to Power Blvd.  Over the past two fiscal quarters, Metairie’s lakefront area has seen a slight slow down in the total amount of homes sold.  There are more active real estate listing on the market and less sales during the first quarter of 2011 compared to the last quarter of 2010.  On the bright side, the average price per square foot is on the rise, and average time that properties stay on the market before a sale is trending lower. Scroll down to compare the real estate market results for single family home sales and active listings for the past two fiscal quarters.  Tribute Real Estate is constantly refining its market research to provide its clients, both buyers and sellers, with a professional real estate transaction experience, and offers a free consultation and home valuation report.

 

Metairie, Louisiana-Lakefront Area- Real EstateMarket Statistics from October 1, 2010 to December 31, 2010 (4th quarter):

Total Homes on Market=                             100 Homes

Single Family Homes Sold =                       42 Homes

Active Single Family Home Listings=       58 Homes

 

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 6 6 6,500 $1,995,000 451.36 $595,000 180.85 103% 1,040
Low 0 1 925 $86,700 45.04 $76,700 39.84 75.8% 0
Average 4 2 2,862 $380,663 128.81 $257,406 107.42 93.8% 183
Median 4 2 2,671 $319,500 122.66 $225,000 108.42 93.85% 135 

 

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 0 0 High $1,995,000 $595,000
$50,000 – $74,999 0 0 Low $86,700 $76,700
$75,000 – $99,999 1 57 Average $380,663 $257,406
$100,000 – $119,999 1 43 Median $319,500 $225,000
$120,000 – $139,999 1 28
$140,000 – $159,999 3 214.33
$160,000 – $179,999 6 120.33
$180,000 – $199,999 9 105.33
$200,000 – $249,999 13 84.38
$250,000 – $299,999 13 182.23
$300,000 – $399,999 20 216.9
$400,000 – $499,999 17 166.53
$500,000 – $749,999 8 398.88
$750,000 – $999,999 7 203.29
$1,000,000 or over 1 632
Total 100 183.22

 

 

Metairie, Louisiana-Lakefront Area- Market Statistics from January 1, 2011 to March 31, 2011 (1st quarter):

Total Homes on Market=                             167 Homes

Single Family Homes Sold =                       27 Homes

Active Single Family Home Listings=       140 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 $3,100,000 504.97 $525,000 147.06 100.9% 1,041
Low 0 1 925 $135,000 57.69 $120,000 81.82 84% 1
Average 4 3 2,968 $414,499 135.47 $278,505 111.18 93.07% 118
Median 4 2 2,821 $345,000 129.68 $230,000 109.93 92.2% 72

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 0 0 High $3,100,000 $525,000
$50,000 – $74,999 0 0 Low $135,000 $120,000
$75,000 – $99,999 0 0 Average $414,499 $278,505
$100,000 – $119,999 0 0 Median $345,000 $230,000
$120,000 – $139,999 1 136
$140,000 – $159,999 4 156
$160,000 – $179,999 8 74.13
$180,000 – $199,999 10 85.4
$200,000 – $249,999 23 50.74
$250,000 – $299,999 19 111.95
$300,000 – $399,999 39 118.1
$400,000 – $499,999 28 115.59
$500,000 – $749,999 22 186.05
$750,000 – $999,999 11 141.64
$1,000,000 or over 2 317.5
Total 167 117.55

 

 

 

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.”

Leave a Comment

You must be logged in to post a comment. Log in »

Tribute Real Estate LLC © 2011
Powered by T. Schoen