Current real estate activity in Algiers LA 70131 (excluding English Turn):
There are 208 active listings in Algiers
- High list price $895,000
- Low list price $25,000
- Average list price $174,413
- Median list price $152,450
45 homes are under contract or pending sale, priced from $22,500 to $289,000
Based on the number of April sales (14), there is a 14.8 month supply of homes for sale in Algiers
Algiers LA 70131 | Number of Single Family Homes Sold | April 2010
The 70131 portion of Algiers (excluding English Turn) is holding steady, with the exact same number of home sales (57) as at this time last year. Just like most other areas of the West Bank of New Orleans, there are a large number of pending sales – more than likely due to the first time buyers who had to choose a home by April 30th to qualify for the tax credit. This has the potential to create a spike in sales in May and June, but what happens after that remains to be seen.
In April, homes sold were on the market from 5 days to 353 days, with an average marketing time of 103 days. This number varies from neighborhood to neighborhood, so get this week’s home value report to find out the skinny on homes for sale and sold right around yours.
Algiers LA 70131 | Average Single Family Home Sale Prices | April 2010
Average sale prices are up just a smidge, ending April at $156,164. The average home under contract/pending sale is priced at $152,718, so I expect to see the prices drop slightly over the next couple of months.
More about Algiers home sales in April:
- 1 sale was a short sale
- 36% of the homes sold were bank owned or foreclosure properties
- 36% of sellers paid for a home warranty for the buyers
- 43% of sellers paid some type of closing cost assistance for the purchaser
All data is provided by GSREIN and is deemed reliable, but not guaranteed
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This article originally published at West Bank Living
Lisa, these are some very detailed market reports that you provide. I'm curious to know from others who regularly post market reports how much business they have garnered from it, and if it depends on the format and amount of information that those market reports provide.
William, I've been writing market reports for over 2.5 years now, and they have evolved into what you see now. In most cases, the market information is what gets the most hits on my blog. I think this is because people want a local view of real estate instead of the national stats that really don't mean a thing in their neighborhood or community. Usually, when I'm contacted by someone who found me online, I find that they have been watching the market reports for months before I ever hear from them.