Realtors say this year’s market is even better
Luling and Destrehan ranked among Louisiana’s top 10 easiest places to sell a residential property last year, but the numbers have gotten even better so far this year.
Ranked by a property’s average days on market by area, Luling ranked eighth with 120.4 days on SmartAsset.com’s study. For Destrehan, the number was 142 days, making it ninth. The two ranked behind Kenner’s 65 days; Metairie’s 73.4 days; River Ridge’s 79.8 days and New Orleans’ 90.2 days.
This means the properties are selling.
Realtors Wendy Benedetto and Regina Allemand both say the numbers align with what they’re seeing in St. Charles Parish, as well as report these numbers have gotten even better this year.
“You price anything right these days and it should go,” Benedetto said. “It’s been a very busy season over the last couple of months.”
Overall, Allemand agreed, saying 321 residential properties have sold so far this year in the parish, averaging 46 days on market. Last year at this time, sales were 256 with an average of 60 days on market.
By area, Benedetto said the 70047 zip code, which includes Destrehan, has had 69 sales ranging from $52,000 to $679,000. Of that total, 16 of them were over $300,000 with most of these sales in the $200,000 to $300,000 range.
“That’s a lot,” she said. “They’re consistent. They’re very stable.”
“You price anything right these days and it should go.” – Wendy Benedetto
A three-bedroom home averaged 37 days on market in this area, although some of them were 10 days or less.
Benedetto said the parish currently has low inventory.
The 70070 zip code, which includes Luling, had 106 sales (new and existing properties) so far this year that averaged 36 days on market, she said. These properties ranged from $47,500 to $550,000.
While Luling and Destrehan are growth sales areas, Allemand also singled out areas like Montz, St. Rose and Des Allemands with properties still very much increasing steadily in property value.
“I think it’s just more confidence because of the industry being more strong,” Allemand said. “People feel a little more committable.”
She added she’s had more buyers than sellers so far this year, which is a change for her. Sellers’ houses have sold more quickly and are attracting multiple offers, although buyers are still holding out for their “needs and wants.”
“We’re seeing more relocations,” Allemand said of industries. “Buyers are coming in from other plants and other areas, which had been quiet over the last several years.”
Benedetto also singled out quality schools, quality of life and low crime as factors for area growth, as well as parishwide growth. She also noted the parish’s continued development of a hurricane levee as another attractor to St. Charles Parish.
Allemand agreed the parish’s school system is playing a role in real estate growth.
Additionally, Benedetto pointed to interest rates still being low and special programs, such as 100 percent financing for veterans, that buyers can qualify for to buy a home.