Algiers LA 2007 Neighborhood Home Sales Market Report

Within Algiers we have so many diverse neighborhoods that a general state of the market report may be misleading to some.  2007 market reports are available for zip codes 70114 and 70131.  Getting a little more detailed, here are some of the most popular neighborhoods in the area, along with their 2006 and 2007 sales statistics.

It must be noted that 2006 was a boom year for real estate sales on the West Bank, due to the large number of people relocating after Hurricane Katrina.  With our reduced population in the metro area, that sales volume could not be sustained over a long period of time, and decreases in volume were to be expected.  The higher sales prices that were commanded in 2006 were a direct reflection of the increased demand for housing in non-flooded areas.  Again, as people have settled into different areas, prices have decreased to reflect the lessened demand for housing.  Another factor impacting housing sales continues to be the higher cost of home owner’s insurance, with most first time home buyers being placed into policies with LA Citizens (Fair Plan).

Algiers Point

(from Opelousas to the River)

	2007	2006
# Homes Sold	24	26
Average Sales Price	$267,288	$290,252
Average Days on Market	147	99

** LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year

English Turn

	2007	2006
# Homes Sold	42	58
Average Sales Price	$588,653	$594,422
Average Days on Market	102	95

**There are no estimates available for homes in this price range for LA Citizens insurance costs

Tall Timbers

	2007	2006
# Homes Sold	39	52
Average Sales Price	$223,629	$229,338
Average Days on Market	118	61

**LA Citizens insurance costs for an average home are estimated between $4,600 and $5,100 per year

Park Timbers

	2007	2006
# Homes Sold	24	23
Average Sales Price	$266,965	$274,322
Average Days on Market	97	49

**LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year

Bocage

	2007	2006
# Homes Sold	17	36
Average Sales Price	$191,100	$200,617
Average Days on Market	97	79

**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year

New Aurora

	2007	2006
# Homes Sold	26	60
Average Sales Price	$190,658	$192,720
Average Days on Market	89	65

**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year

Old Aurora

(between Woodland and Sullen)

	2007	2006
# Homes Sold	25	33
Average Sales Price	$137,891	$142,236
Average Days on Market	99	66

**LA Citizens insurance costs for an average home are estimated between $3,000 and $4,000 per year

Huntlee Village

	2007	2006
# Homes Sold	32	31
Average Sales Price	$119,374	$125,227
Average Days on Market	79	52

**LA Citizens insurance costs for an average home are estimated between $2,200 and $3,000 per year

This by no means covers every individual area of Algiers.  It’s a great community, with so much to offer.  If you live in a West Bank neighborhood that you would like to see spotlighted, please feel free to call me or drop me an email, and I’ll get it done!

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Copyright 2008. Lisa Heindel, All rights reserved.