Slidell Real Estate Charts and Graphs
Anyone who knows me, knows that I can be fanatical about statistics. As someone who lives and works in Slidell, I thought it would be nice to give the general community some Real Estate Statistics on the Slidell Real Estate Market. So, being the nice guy that I am, below are not only the graphs about Slidell Real Estate— but a quick blurb of the current snapshot.
Please be aware that these statistics are through the end of February and my comments are specifically on these months. The graphs will update every month. If you hover your mouse over the graph, you can get additional information.
If you have an interest in a statistic that is not shown here, just let us know and we will send it to you.
Sold Properties In Slidell
To give some insight on this graph, its important to remember that real estate is very seasonal. As a general rule, we see real estate sales drop off after Thanksgiving and continue to be very slow through the holiday season. We have seen steady increases in Sales Prices of Homes in Slidell over 2014 with a huge bump in February where the Sales Price increased by over 40%!
Active Listings In Slidell
This is pretty standard. We see homes fall off the market through the holiday season, with very few new ones being listed. We were pretty flat to slightly negative in Active Inventory from July through the end of the year of 2014 (when comparing to the previous year). A shrinking inventory shows an increasing positive market. We historically have a boom of listings, things really start happening after Mardi Gras—and you can see that in this graph. Its worth pointing out that the huge bump of new listings on the market in February is 36% higher than the same month last year! It will be interesting to see if they get sold through.
Average List Price of New Listings
Wow, the Average List Price of homes in Slidell has INCREASED almost 40% in February over February of 2014. People have apparently been getting the word that the market is improving and requesting top dollar for their homes.
Days On The Market Until Contract
Although you see the monstrous increase in the Days on Market until contract in February, its actually DOWN almost two percent from February of 2014. This just highlights the homes getting listed at the same time every year.
Median Sold Dollar Per Square Foot
The Median Dollar Per Square Foot for Sold Properties has steadily been increasing. Many people automatically think that this showing a market where homes are increasing in value. In many instances is does—it COULD also mean that people in the lower range cant buy (financing) and only the higher dollar homes are selling.
Dollar Per Square Foot Sold — By Price Range
You can see a steady increase in higher dollar homes selling. Homes priced between 300K and 400K went up by over 20% in February vs February of 2014. Although it appears to be across the board, it looks that the higher dollar homes are starting to pick up in Slidell.
Distressed Properties—Percentage of Change Over Last Year
This chart reads differently. In the above graph, you see the percentage of change since last year in Distressed Properties. For this calculation, we are counting Pre-Foreclosure and REO Properties. We are steadily around 15-20 percent less than the prior year. This also explains the slightly higher prices and larger $/Sq. Ft.
Want A Custom Stat?
We could do this all day long. With access to thousands of real estate data points from both the MLS and Public Records and the most robust processing engine on the planet—we can slice and dice the market in anyway we see fit.
If you have a particular statistic that you would like to see, or would like a detailed analysis of any property address in Greater New Orleans just click HERE. We will be happy to generate it for you.