Algiers Point, LA: April 2008 Home Sales and Real Estate Market Update

May 2, 2008 by lisa
Filed under Algiers Point, Blog, Market Updates

Home sales in Algiers Point rose again in April, up to 5 closed sales for the month. Thank goodness! I was beginning to wonder why buyers don’t see the great values to be had in the Point.

Here is a quick look at the current real estate market in Algiers Point:

Active listings: 36
Average list price: $316,571
Pending but continue to show listings: 1 (Average list price $247,000)
Under contract listings: 3 (Average list price $248,667)

Algiers Point Home Sales, April 2008

The number of active listings is holding steady in the Point, while the number of accepted contracts to closings is doing very well - better, in fact, than most other areas in the West Bank real estate market.

Algiers Point Average Sales Price, April 2008

The average sales price rose above $200,000 for the first time this year, as buyers are beginning to return to look at some of the historic and renovated properties for sale in the Point. Homes priced over $250,000, however, are continuing to linger on the market for an extended period of time. Sellers who can afford to reduce their list price below the $250k mark may increase their odds of an acceptable offer.

Are you thinking about selling your home in Algiers Point? I’d love to be able to show you my virtual marketing plan and talk about how I can help you. Feel free to contact me or give me a call direct at (504) 616-6262.

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