Current real estate market activity in Algiers Point (single family homes):
20 homes for sale (active listings)
- High list price $699,000
- Low list price $169,000
- Average list price $330,340
- Median list price $304,950
5 pending sales, priced from $129,900 to $269,900
Based on the number of homes sold in March (1), there is a 20 month supply of homes for sale in Algiers Point, one of the highest inventories on the West Bank of New Orleans.
Algiers Point – Number of Homes Sold in March 2009
As of the 1st quarter of 2009, there have been only 3 sales of single family homes in Algiers Point, compared to 4 at the same time last year. With so few sales, I’ll just go ahead and give a complete list of them:
- 541 Atlantic (fair condition) sold for $70,000
- 315 Eliza (excellent condition) sold for $251,000
- 422 Alix (excellent condition) sold for $370,000
For all of the owners of multi-family properties in Algiers Point who are interested in how their market is performing, please note that there has been only 1 sale so far this year (a 3 plex that sold for $330,000)
Algiers Point – Average Home Sale Price in March 2009
Year to date, the average sale price is just a smidge higher than the 2008 average, but with so few sales that number could swing drastically in the upcoming months.
I really, really wish I had a crystal ball to understand why houses in this beautiful, historic neighborhood are not selling, but I don’t.
The important thing for home sellers in the area to remember is that the competition for those few buyers is fierce and you have to be the best value in the best condition in order to even have a shot at a sale in today’s market.
Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
Related Reading:
Algiers Point real estate market updates
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The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
