English Turn: May 2008 Home Sales and Real Estate Market Report

May 2008 Home Sales in English Turn Subdivision

New Orleans, LA

• 47 homes for sale as of 6/2/2008
• 9 homes are pending sale or under contract, priced from $428,900 to $1,300,00 (compared to 7 at this time last month)
• 2 homes sold in May 2008, compared to 3 sold in April 2008
• Based on current sales, there is an almost 2 year supply of homes for sale in English Turn at this time

• The average home sale price in English Turn for May 2008 was $611,000, up from $481,667 in April 2008
• The average listing price on homes for sale in English Turn is $638,610
• The average days on market for homes sold in May 2008 was 40, compared to 182 in April.  It is important to note that with the small number of sales, averages can change dramatically from month to month dependant upon the individual properties sold.

With several new homes entering the real estate market in English Turn, the competition just got tougher for everyone in the community.  Working with an experienced West Bank REALTOR® to assist you in staging, preparing and properly pricing your English Turn home is more critical than ever.  For a detailed market analysis of your West Bank home, contact Lisa Heindel.

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent

Make Your Home the Star of the Neighborhood – Stage It!

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.