Mandeville and Covington Real Estate Market Conditions & Reports, Mandeville and Covington Market Trends, Louisiana

Market Commentary Provided by Danny Lyons
Activity should pick up as we pass the Christmas Holidays and more Katrina issues are resolved.

Report Date

Winter 2010

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CONNECT WITH A LOCAL PROFESSIONAL

Danny Lyons
ERA Stirling Properties
Abita Springs, Louisiana
985-778-3023
danny@dannylyons.com
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Nearest Metro Area

New Orleans, LA

Buyers’ or Sellers’ Market

More buyers than sellers

Average Time on Market

60-90 days

Market Trend

Decreasing

Housing Inventory

Good supply - Some Prices

Average Home Price

$275,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 10-15%

Prices As % of Asking Price

90-95%

Multiple Offers?

Greatest Activity

Single-Family Homes

Buyer Activity for the past 90 days in Mandeville and Covington is

Seller Activity for the past 90 days in Mandeville and Covington is

Is Financing Available For Qualified Buyers in Mandeville and Covington?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Homes priced less than $300,000 are selling much better than those above $300,000

Reason to Buy/Sell

Population Growth

Average Sold Price

$275,000 - View Graph Trend

National Real Estate Market

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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