Of the 5 English Turn homes under contract at the end of March, 3 resulted in a successful closing in April. In 2007, May was the month with the highest number of homes sales in English Turn and the 7 pending contracts so far this month indicate that this May could show the same results.
Take a look at the current English Turn real estate market:
- Active listings: 41
- Average list price: $669,889
- Pending but continue to show listings: 1 (list price $519,900)
- Under contract listings: 6 (average list price $647,317)
- At the current sales rate, there is a 13.7 month supply of homes for sale
English Turn – Number of Home Sales in April 2008
English Turn – Average Home Sale Prices in April 2008
The average English Turn home sale price in April was $481,667. This reduced average can be attributed to a couple of homes sold that were in need of remodeling and updating – not your average English Turn homes which is proven by the average list price of the homes currently under contract.
The over $700,000 portion of the market remains slow and sellers at this price point will need to continue to be patient while waiting for that just right buyer.
Are you considering selling your English Turn home? Please contact me or give me a call direct at (504) 616-6262. I’d be happy to explain my virtual marketing plan for your home.
Related Reading:
Algiers, LA: April 2008 Real Estate Market Absorption Rates
Make Your Home the Star of the Neighborhood – Stage It!
Copyright 2008. Lisa Heindel, All rights reserved.
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