New Orleans Real Estate News: April 2009

Algiers LA 70114: March 2009 Home Sales and Real Estate Market Report

Current real estate statistics for Algiers LA 70114:

79 homes are currently for sale (active listings)

  • High list price $699,000
  • Low list price $23,000
  • Average list price $171,143
  • Median list price $135,000

18 sales are pending, priced from $19,900 to $269,900

Based on the March sales (7), there is a 11 month supply of homes for sale in zip code 70114

Algiers LA 70114 – Number of Homes Sold in March 2009

Algiers LA 70114 Home and Real Estate Sales

March saw another increase in the number of homes sold in the 70114 zip code of Algiers LA, bringing the year to date number of sales to 14 (compared to 20 at this same time last year).

Here is a breakdown of sales in the area for March 2009:

  • 2 homes in FAIR condition were sold, with an average sale price of $48,500
  • 1 home in AVERAGE condition was sold for $105,000
  • 2 homes in VERY GOOD condition were sold, with an average sale price $109,250
  • 2 homes in EXCELLENT condition were sold, with an average sale price of $155,500

Obviously, the condition of a home has a huge impact on the selling price. With all of the competition for qualified buyers, it is important that your home is in the best shape possible before putting it on the market. For tips on preparing your home for sale, read Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers

Algiers LA 70114 Home and Real Estate Sales

Algiers LA 70114 – Average Home Sale Price in March 2009

Algiers LA 70114 Home and Real Estate Sales

The average sale price for zip code 70114 dropped off from $122k in February to $104,500 in March, bringing the year to date average to $107,678. The area is unique however, because the higher end homes in Algiers Point are included in the mix. You can review separate reports for Algiers Point home sales.

Seller assistance 3 of the homes sold in March had the sellers providing closing cost assistance to the buyers. The average amount of assistance provided was $4,847.

When pricing your Algiers home to sell, it’s important to take into account the adjustments that may need to be made to the selling prices of comparable properties. Be sure that your West Bank real estate professional knows all of the details on sales in the neighborhood.

Algiers LA 70114 Home and Real Estate Sales

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

More information:

Algiers homes for sale

All Algiers Real Estate Market Reports

Find out what's going on in your West Bank neighborhood with a free online market analysis


The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to NAS JRB New Orleans. It would be our pleasure to assist you with any of your real estate needs. Contact us with any questions you may have about buying or selling in today’s market.

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Comment balloon 0 commentsLisa Heindel • April 29 2009 11:46PM
Algiers LA 70114: March 2009 Home Sales and Real Estate Market Report
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