New Orleans Real Estate News: November 2009

English Turn | Home Sales and Real Estate Market Trends for October 2009

Current real estate activity in the English Turn subdivision of Algiers LA:

32 homes are for sale in English Turn

  • High list price $1,995,000
  • Low list price $395,000
  • Average list price $678,421
  • Median list price $549,000

5 homes are pending sale or under contract, priced from $395,000 to $522,000

Based on the number of homes sold in October (4), there is an 8 month supply of homes for sale in the area

English Turn Home Sales and Real Estate Market Trends

English Turn | Number of Homes Sold | October 2009

English Turn Home Sales and Real Estate Market Trends

October looked like spring in English Turn, recording 4 sales for only the second time this year.  Year to date, there have been 22 homes sold, an average of 2.2 homes per month.  This puts English Turn on track to perform at about the same rate of sales as last year. 

Is it the bottom?  Only time will tell, as the community is in the slowest sales period over the last 5 years.  Overall, sales on the West Bank of New Orleans seem to be stabilizing in most, but not all, communities. 

English Turn Home Sales and Real Estate Market Trends

English Turn | Average Home Sale Price | October 2009

English Turn Home Sales and Real Estate Market Trends

The year to date average home sale price in English Turn is now at $501,564, down 15% from the 2008 average.  List prices, however, continue to track along the 2005 average, indicating that some sellers are in for either a long marketing period (for the extreme high end) or disappointment (for those that are just overpriced for their homes condition).

Find out what's going on in your West Bank neighborhood with this week's free market snapshot.

English Turn Home Sales and Real Estate Market Trends

All data provided by GSREIN and is deemed reliable, but not guaranteed.

Related information:

Algiers Homes for Sale
New Orleans West Bank Homes for Sale

Home Buying Tips
Home Selling Tips


If you are considering buying or selling a home on the West Bank of New Orleans, please contact the West Bank Living Team.  We have specialists in home sales/marketing and buyer representation ready to assist you with any of your real estate needs.

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Comment balloon 4 commentsLisa Heindel • November 28 2009 03:22PM
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