As we end the 3rd quarter of 2010, we are taking a look at the various real estate trends in communities and neighborhoods across the West Bank of New Orleans.
English Turn has had one of the steadiest homes sales records across the West Bank over the last couple of years and home prices are up 6% from 2009. This is surprising considering it is one of the most expensive areas on the West Bank. Get the entire report of English Turn home sales here.
Belle Chasse home sales are down 15% from 2009 and prices are down 14% from the same period. Get the entire report of home sales in Belle Chasse here.
The 70131 zip code of Algiers has seen a drop of 8.75% in the number of homes sold and 8.95% decline in average sale prices. Get the entire report of home sales in Algiers here.
The 70114 zip code of Algiers is one of the only West Bank communities to have already sold more homes in 2010 than in all of 2009. The downside is the 9% decrease in average sale prices. Get the entire report of home sales in Algiers 70114 here.
Home sales in Algiers Point are up a whopping 62% from 2009 and prices are up 7%. Good news for this historic neighborhood, but keep in mind that the market is very small. Get the entire Algiers Point report here.
Westwego, Avondale, Bridge City and Waggaman are the most affordable areas of the West Bank. As of September, they have seen a 4.8% increase in the number of homes sold and a 7.8% increase in prices. Get the entire Westwego report here.
Marrero LA, geographically the largest community on the West Bank, is not doing quite as well, with a 6% decline in average prices and a 4% decrease in the number of homes sold. Get the entire Marrero report here.
Terrytown and the unincorporated portion of Gretna LA has seen a 17% increase in the number of homes sold this year, and a 4% decrease in average home sale prices. Get the entire report of sales in Terrytown here.
The City of Gretna is one of the smallest communities on the West Bank, at only 4.4 square miles. As of September, Gretna has experienced a 2% drop in the number of homes sold and a 9% decrease in average sale prices. Get the entire Gretna home sale report here.
For more information about the New Orleans West Bank real estate market, please contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs and have a little fun while doing it.