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Old Metairie Home Sales and Listings (2nd quarter 2011)

 

From the beginning of 2011, the Old Metairie real estate market has been picking up steam in both active listings and homes being placed under contact and sold.  Below are the market statistics for residential real estate in the Old Metairie market 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)=     291 Homes

Single Family Homes Sold =                                  122 Homes

Active Single Family Home Listings=                  138 Homes

Homes Under Contract=                                           22 Homes

Bdrms FBaths Approx Living Area List Price LP$/SqFt Sold Price SP$/SqFt SP$/LP$ Days on    Market – All Status
High 6 6 7,300 $3,250,000 495.5 $2,050,000 336 103.6% 1,387
Low 0 1 765 $74,900 53.5 $71,000 61.05 68.7% 0
Average 3 2 2,554 $495,090 177.5 $471,852 170.74 92.97% 134
Median 3 2 2,226 $349,000 170.83 $304,000 167.67 93.8% 97

 

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 2 111.5 Low $74,900 $71,000
$75,000 – $99,999 0 0 Average $495,090 $471,852
$100,000 – $119,999 3 77 Median $349,000 $304,000
$120,000 – $139,999 11 113.55
$140,000 – $159,999 13 115.62
$160,000 – $179,999 16 157
$180,000 – $199,999 21 124.48
$200,000 – $249,999 39 144.79
$250,000 – $299,999 26 125.69
$300,000 – $399,999 32 189.16
$400,000 – $499,999 33 78.24
$500,000 – $749,999 46 111.59
$750,000 – $999,999 22 142
$1,000,000 or over 27 182.52
Total 291 134.21

 

 

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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