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

 

The Old Metairie real estate market is one of the most stable and sought after sub-markets of Metairie.  Homes in Old Metairie are, on average, larger and more expensive than homes in other parts of Jefferson Parish, and the listing price per square foot is the highest of all the Metairie MLS areas.  Over the past two fiscal quarters, the Old Metairie real estate market has increased its inventory, but the average time that a house  stays on the market before being sold is decreasing.  Below are the most up to date market statistics for single family home sales and active listing in the Old Metairie market. Tribute Real Estate uses a state of the art market monitoring system to provide its clients, both buyers and sellers, 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, LA Real Estate Market Statistics from October 1, 2010 to December 31, 2010 (4th quarter):

Total Homes on Market=                             117 Homes

Single Family Homes Sold =                       43 Homes

Active Single Family Home Listings=       74 Homes

 

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 6 5 7,794 $2,400,000 403.84 $1,400,000 296.48 100.2% 1,284
Low 1 1 810 $85,000 72.09 $71,000 61.05 68.7% 4
Average 3 2 2,708 $560,046 189.11 $480,662 174.71 91.55% 199
Median 3 2 2,481 $439,000 179.88 $384,500 174.74 92.8% 160

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 0 0 High $2,400,000 $1,400,000
$50,000 – $74,999 1 177 Low $85,000 $71,000
$75,000 – $99,999 0 0 Average $560,046 $480,662
$100,000 – $119,999 2 127 Median $439,000 $384,500
$120,000 – $139,999 2 141.5
$140,000 – $159,999 4 210.75
$160,000 – $179,999 6 172
$180,000 – $199,999 9 164.33
$200,000 – $249,999 12 250.5
$250,000 – $299,999 7 210.57
$300,000 – $399,999 13 277.46
$400,000 – $499,999 14 197.5
$500,000 – $749,999 20 175.2
$750,000 – $999,999 14 158.36
$1,000,000 or over 13 204.46
Total 117 199.14

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

Total Homes on Market=                             195 Homes

Single Family Homes Sold =                       37 Homes

Active Single Family Home Listings=       158 Homes

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on Market – All Status
High 6 6 7,794 $3,250,000 495.5 $2,050,000 336 102.7% 1,285
Low 0 1 765 $119,000 88.25 $120,000 81.25 77% 0
Average 3 2 2,685 $540,505 183.06 $498,500 170.97 93.41% 134
Median 3 2 2,388 $399,900 168.91 $267,500 160.43 95.2% 87

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price
$49,999 or under 0 0 High $3,250,000 $2,050,000
$50,000 – $74,999 0 0 Low $119,000 $120,000
$75,000 – $99,999 0 0 Average $540,505 $498,500
$100,000 – $119,999 1 157 Median $399,900 $267,500
$120,000 – $139,999 5 119.2
$140,000 – $159,999 7 147
$160,000 – $179,999 7 189.43
$180,000 – $199,999 16 118.33
$200,000 – $249,999 23 128.45
$250,000 – $299,999 14 123.93
$300,000 – $399,999 27 131.15
$400,000 – $499,999 31 115.74
$500,000 – $749,999 25 145.92
$750,000 – $999,999 16 158.38
$1,000,000 or over 23 134.32
Total 195 133.84

 

 

 

 

 

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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