Current real estate activity in Algiers LA 70131 (excluding English Turn):
182 single family homes are for sale
- High list price $895,000
- Low list price $29,900
- Average list price $181,517
- Median list price $155,000
29 homes are under contract or pending sale, priced from $50,000 to $325,000 Based on the number of January sales (9), there is a 20 month supply of homes for sale in Algiers
Algiers LA 70131 | Number of Single Family Home Sales | January 2010
The 70131 zip code of Algiers started off the year with 9 homes sold, up from 7 in January 2009. The days on market dropped substantially, but that is mostly due to the sale of several bank owned homes that were aggressively priced and moved very quickly.
Competition from foreclosures should be a factor when pricing your West Bank home to sell, so be sure that you have information on all of your competition before putting your house on the market. Get your free report of recent listings and sales in your New Orleans West Bank neighborhood
Algiers LA 70131 | Average Single Family Home Price | January 2010
The average single family home in Algiers sold for $147,758 in January, up over $20k from December, but still below the 2009 average shown above. Conventional loans and cash were the most popular forms of payment, since many of the homes sold in January were in less than excellent condition, keeping them from being financed with VA or FHA loans.
Some more details about January home sales in Algiers
- 33% of the sales were of bank owned or foreclosed properties (33% is the average across the West Bank)
- 11% of sellers provided some type of closing cost assistance to the buyer
- 11% of sellers paid for a home warranty for the purchaser
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
Algiers homes for sale
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
