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2014 West Bank Real Estate Market

2014 West Bank Real Estate Market

January 8, 2015 By Crescent City Living

New Orleans West Bank Real Estate Trends

Neighborhoods included: Algiers, Belle Chasse, Gretna, Terrytown, Harvey, Marrero and Westwego

Over the last couple of years, the West Bank has seen a turn around from the drops in sales and prices we saw after the post-Katrina market went crazy. Here are the combined number of properties sold and average sale prices for the West Bank neighborhoods mentioned above.

Number of Properties Sold

Sales have increased each of the last 3 years, ending 2014 with over 2000 properties sold on the West Bank.

West Bank New Orleans homes sold 2014

Data provided by GSREIN

Average Sale Prices

Sales prices have not risen as much as the number of sales, but the average West Bank home sold for $137,619 in 2014. It’s too early in 2015 to take any notice of January sales.

New Orleans West Bank Home Sales 2014

Data provided by GSREIN

Predictions for the West Bank Real Estate Market

As prices continue to soar in New Orleans proper, some home buyers are going to be priced out of the city market. The West Bank remains an affordable option for people who want to own a home rather than pay the high rents currently being commanded on the East Bank, so I predict that we will see another year of increased sales and at least a small increase in average prices.

In February 2015, all of West Jefferson and Plaquemines will be eligible for Rural Development mortgage loans, allowing for 100% financing, so that should push some first time buyers into the West Bank real estate market as well.


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Filed Under: Market Reports Tagged With: algiers, belle chasse, gretna, harvey, marrero, terrytown, west bank, westwego

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Listings, Market Reports & Open Houses by Area

  • Algiers (West Bank)
  • Algiers Point (West Bank)
  • Audubon
  • Avondale (West Bank)
  • Bayou St John
  • Belle Chasse (West Bank)
  • Black Pearl
  • Bridge City (West Bank)
  • Broadmoor
  • Bywater
  • CBD & Warehouse District
  • Central City
  • City Park
  • Desire
  • East Carollton
  • East Riverside
  • Fairgrounds
  • Fillmore
  • French Quarter
  • Freret
  • Garden District
  • Gentilly Terrace
  • Gentilly Woods
  • Gert Town
  • Gretna (West Bank)
  • Harvey (West Bank)
  • Holly Grove
  • Holy Cross
  • Irish Channel
  • Jefferson
  • Kenner
  • Lake Shore & Lake Vista
  • Lake Terrace & Lake Oaks
  • Lakeview
  • Lakewood
  • Leonidas
  • Lower 9th Ward
  • Lower Coast & English Turn
  • Lower Garden District
  • Marigny
  • Marlyville & Fontainebleau
  • Marrero
  • Metairie
  • Mid City
  • Milan
  • Milneburg
  • Navarre
  • New Orleans East
  • Pontchartrain Park
  • River Ridge
  • Seventh Ward
  • St Anthony
  • St Bernard Area
  • St Claude
  • St Roch
  • Terrytown (West Bank)
  • Touro
  • Treme
  • Tulane / Gravier
  • Uptown
  • Uptown / Carrollton
  • Venetian Isles
  • Waggaman
  • West End
  • West Riverside
  • Westwego (West Bank)

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Disclaimer: Multiple Listing Data provided at CrescentCityLiving.com is deemed reliable but not guaranteed. It is good practice to verify all information with a Real Estate Licensee before taking any action based upon this data. Listing data is made available for the use of consumers interested in the acquisition of real property only. Use of this data for any other purpose is strictly forbidden without the written consent of the Gulf South Real Estate Information Network.

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