I wanted to share this gorgeous renovation of a shotgun double to a single family home with you all, but it went under contract before all of the marketing was even complete.
Looking for a great Algiers Point home? Contact the West Bank Living Team and we'll get to work finding one just for you before someone else scoops it up.
4 comments • Lisa Heindel, New Orleans Real Estate Broker • May 20 2011 01:15PM
Originally a double, this home was converted to a single years ago and a camelback bedroom was added. It’s new on the market and priced to sell at $199,000.
Many of the original architectural details are still in place, with pine floors, stained glass windows, door transoms and fireplace fronts that help the space retain the historic feel of a neighborhood that was established in the 1700s.
High ceilings, picture moldings and large baseboards all add to the charm of a home that sits in the heart of Algiers Point, only blocks from a neighborhood grocery store, churches, bank, green space, coffee shops and more. Just a few blocks away is the Algiers Ferry, with quick and easy access to downtown New Orleans and the French Quarter.
The traditional shotgun layout of the home means flexibility in how the space can be used. With 3 rooms on each side and a loft bedroom upstairs, there’s room to spread out. Whether you need extra bedrooms or additional living space, it’s here.
As an added bonus, there is plenty of backyard space – something that can be hard to come by in the Point. Bricks have been laid for a patio and an adorable potting shed sits tucked into the corner, shaded by mature trees.
Take a quick tour through 314 Eliza in the video below, then contact the West Bank Living team to schedule your private showing today.
All information is deemed reliable, but not guaranteed. Disclosures available on request.
7 comments • Lisa Heindel, New Orleans Real Estate Broker • October 06 2010 10:19AM23 homes are currently for sale in Algiers Point
4 homes are under contract or pending sale, priced from $113,400 to $249,900
Based on the number of April sales (2), there is a 11.5 month supply of homes for sale in Algiers Point
While the number of home sales in Algiers Point dropped in April, the good news is that year to date there have been 13 sales, compared to only 4 at the same time last year. This is the best start to the year since 2006.
Get this week’s free Algiers home value report
Days on market has gone up from last year and I expect it to continue to do so since the average listing has now been on the market for 195 days. The average pending sale was on the market for 109 days. The disparity between the time houses are selling and the time active listings have been on the market is usually an indicator that some properties are over priced for the location, condition or amenities.
Average sale prices dropped yet again in April, but year to date are still higher than both 2008 and 2009. This appears to be due to the fact that buyers are choosing homes in better condition, instead of investors buying houses that are in need of renovation.
More about Algiers Point home sales in April 2010:
All data provided by GSREIN and is deemed reliable, but not guaranteed
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Originally published at West Bank Living
0 comments • Lisa Heindel, New Orleans Real Estate Broker • June 02 2010 08:51AM26 single family homes are for sale
7 homes are under contract or pending sale, priced from $123,500 to $425,000
Based on the number of homes sold in January (3), there is a 8.7 month supply of homes for sale in Algiers Point
The Point started out the year with 3 successful single family homes sales – a vast improvement over last January when there were no sales at all and the most January sales we’ve seen in the neighborhood since 2007.
Days on market took a jump to an average of 136, but since it is just for one month, we’ll have to track it over time to get a true picture of how long it is taking homes that are priced right to sell.
Finally, we are starting to see some of the move in ready and upper end homes in the Point begin to move. January ended with an average sale price of $302,750. Granted, with only 3 sales it’s easy to skew the numbers, but all of the homes sold were over $260k, which is well above the 2009 average.
Conventional financing was used for all of the homes sold in January.
Some more details about January sales in the Point
All data is provided by GSREIN and is deemed reliable, but not guaranteed
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Originally published at West Bank Living
4 comments • Lisa Heindel, New Orleans Real Estate Broker • March 02 2010 10:29AM29 homes are for sale in the Point
3 homes are under contract or pending sale, priced from $123,500 to $399,000
Based on the number of December sales (1), there is a 29 month supply of homes for sale in the area
The number of homes sold in Algiers Point dropped from 35 in 2008 to 20 in 2009. This is less than half of the number of homes being sold in the neighborhood prior to Katrina, and represents one of the hardest areas on the West Bank to sell a home in. It’s important to note that these are single family homes only – doubles and other multi-family homes will be addressed in a separate report of sale in the area.
Interestingly enough, as sales have declined so have the average days on market. Given that we have also seen a decrease in selling prices, it appears that the bargains are moving off of the market quickly while the majority of the inventory is just languishing.
Average home sale prices in Algiers Point declined by 6.7% from 2008 to 2009, ending the year at $205,105.
FHA loans led the pack in financing options in 2009 with 35% of buyers opting to finance their home purchase that way. Conventional loans came in second at 30%, followed by cash at 25%.
25% of home sellers in the Point provided some type of closing cost assistance to the purchasers in 2009, so sellers should be sure to get all of the details of comparable properties when pricing your home.
Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team.
It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
3 comments • Lisa Heindel, New Orleans Real Estate Broker • January 20 2010 10:13PMAfter Katrina, with the city in turmoil and everyone uncertain about the future, my family seriously considered relocating to another state. We even started looking for houses in a couple of locations that appealed to us because they were close to family and possible jobs.
The one thing that stood out to me when house hunting was that most of the homes were pretty much the same from neighborhood to neighborhood. There seemed to be about a half dozen floor plans that all looked the same from the outside and were all finished the same on the inside. I mean, really, how many times can you look at the same old, same old and get excited about the thought of putting your roots down there? I even asked the agent who was helping us “where are the houses that have some character?”
If you are looking for a home that goes beyond the traditional subdivision and isn’t part of the McMansion set that seems to be the rage in new construction, consider expanding your search to a home in one of the historic neighborhoods on the West Bank of New Orleans.
There are certainly pockets of older homes sprinkled across the area, but the biggest concentration of historic housing on the West Bank is in Algiers Point and the City of Gretna. Homes with beautiful wood floors and original pocket doors. Homes with fancy trim and brackets and columns framing front porches that are made for sitting and people watching. Homes that were built with pride by craftsmen, not by a construction crew waiting for the whistle to blow and end the day.
Owning an older home certainly comes with its own challenges. If you can’t stand the thought of a drafty window or can’t live without a double car detached garage, then you might not be happy with a house that is living, breathing, and needs to be loved and maintained. If, on the other hand, you swoon over transoms and fireplace mantles and gingerbread trim…a historic property might be just the right place for you to call home.
Are you relocating to or from the New Orleans area or NAS JRB New Orleans? The West Bank Living Team would love to assist you with any of your real estate needs. Different by design, we offer the services of both buyer and seller specialists who are dedicated to representing you and only you during your purchase or sale. Contact us for more information about homes for sale on the West Bank or for a free, confidential market analysis of your home.
16 comments • Lisa Heindel, New Orleans Real Estate Broker • January 02 2010 10:07AM30 homes are currently for sale in the Point
4 homes are under contract or pending sale, priced from $250,000 to $399,000
Based on the number of homes sold in November (4), there is a 7.5 month supply of homes for sale in the area
There was a spike in home sales in Algiers Point in November, bringing the year to date total to 18 successful single family sales, down from 32 at this same time last year.
What sold in November?
| Address | Original List Price | Selling Price | Beds/Baths/Condition |
| Alix St | $182,000 | $163,500 | 2/1 Very Good |
| Elmira Ave** | $143,000 | $120,000 | 3/2 Average |
| Alix St | $186,000 | $186,000 | 2/1 Excellent |
| Delaronde | $265,000 | $247,000 | 3/2 Excellent |
** Bank owned property
Obviously, the biggest challenge that the Point is facing is the record low number of buyers who are choosing to call it home. While prices have slipped (see below), the problem for sellers has become attracting interest in the historic neighborhood.
With so few homes selling (an average of 2 per month), the monthly average prices have jumped all over the chart. Year to date, the average single family home is selling for $207,617, down about 5.5% from 2008. We will address multi-family sales in another report at the end of the year. If you need this information sooner, please contact Lisa for a personalized market analysis.
The good news is that all of the currently pending sales are for homes priced above this year’s average sale. Odds are good that they won’t all make it to a successful closing, but at least it indicates some interest in the higher end properties that have been so difficult to sell this year.
All data provided by GSREIN and is deemed reliable, but not guaranteed
Algiers LA Homes for sale
New Orleans West Bank homes for sale
Home buying tips
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Find out what's going on in your West Bank neighborhood with this week's free market snapshot.
The West Bank Living Team offers professional real estate services on the New Orleans West Bank. Contact us for information on how our dedicated buyer and seller agents can assist you with any of your real estate needs.
3 comments • Lisa Heindel, New Orleans Real Estate Broker • December 17 2009 03:26PMOver the years, Algiers Point has been one of the best kept secrets in New Orleans real estate. Filled with turn of the century construction, it rivals any of the Uptown neighborhoods in architecture, charm and history but offers a better value for your real estate dollars. As in any older community, there are homes that need a little bit of work but present an opportunity to put your own stamp on an established home.
Welcome to 628 Seguin Street in Algiers Point
628 Seguin is new on the market and looking for someone to complete the renovations that have already begun. Historic details abound in this home that was converted from a double to a single.
Just a few of the extra special things about 628 Seguin:
If you can’t see the video above, please click here
Priced to sell at only $235,000, appointments are now being taken for private showings.
Interested? Contact the West Bank Living Team today to start your home buying journey or for more information about this home.
The West Bank Living Team provides professional real estate services to buyers and sellers on the West Bank of New Orleans. Making your home buying or selling experience fun is our specialty!
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14 comments • Lisa Heindel, New Orleans Real Estate Broker • December 08 2009 07:27AM30 homes are for sale in Algiers Point
3 homes are under contract or pending sale, with an average listing price of $229,300
Based on the number of homes sold in September (2), there is a 15 month supply of homes for sale in the area
Algiers Point has had only 13 successful single family home sales this year, compared to 28 at the same time last year - a decrease of 54% in the number of closed sales. This marks the largest decrease of any of the West Bank communities that we track.
What about financing?
The buzz this year has been all about the first time home buyer’s tax credit. Most of these first time buyers are using FHA financing to purchase their homes. Given the percentage of conventional and cash deals in the Point, there appear to be very few first time buyers moving into the area.
While there was a jump in the September average (due to one high end home selling), the year to date average home sale in Algiers Point is $225,431, up slightly from the 2008 average.
While the prices may be holding their own, the number of sales (see above) is down dramatically and apparently sellers are not getting the message. The majority of homes on the market in the Point are priced above $250,000 - the homes selling are generally not. As we move towards the end of the year, it may be time to review your pricing strategy to see if it still makes sense in today’s market.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Questions about the Algiers Point real estate market? Feel free to contact the West Bank Living Team. It would be our pleasure to assist you with any of your New Orleans area real estate needs.
6 comments • Lisa Heindel, New Orleans Real Estate Broker • October 28 2009 10:38PMTake a stroll through one of the oldest neighborhoods in New Orleans....Algiers Point.
Located just 4 blocks from the Algiers Ferry (with easy downtown access), 300-02 Pelican Avenue overlooks one of the premier streets in the Point and has so much to offer.
2 fully rented units (one up, one down) provide monthly income of over $2,000. The corner studio space offers endless possibilities for additional living space or the possibility of conversion to commercial usage.
Welcome home to Algiers Point, the second oldest neighborhood in New Orleans.
Live on one of the most desirable streets in the Point, within walking distance of the ferry, Confetti Kids playground, local restaurants, churchs and more.
2 fully rented units ($895 and $1150 per month) plus a corner studio space filled with possibilities.
Gorgeous wood floors, high ceilings, transoms and more!
2 comments • Lisa Heindel, New Orleans Real Estate Broker • July 24 2009 05:56PMContent © 2009 'Frequent Contributors'. Design © 2009 ActiveRain Corp.
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