Here is a quick look at the current real estate market in Algiers Point.
- A balanced real estate market has on average a 5-6 month supply of homes for sale. Typically, over 6 months of inventory indicates a buyers market.
- There is a shortage of homes priced under $180,000 in the Point.
- The $200,000-$250,000 price range has shown improvement over the last couple of months
- The over $250,000 price range remains stagnant, a problem for home sellers in Algiers Point, but an opportunity for smart buyers who are interested in living in this great historic area.
Real Estate Absorption Rates for Algiers Point as of 6/18/2008
If you are considering selling your home in Algiers Point, it’s critical to be aware of the current market environment and to understand what competition you are facing. For local, expert advice when selling your New Orleans West Bank home, please contact Lisa Heindel, REALTOR®. I’d be happy to help you properly prepare and price your home for our current, challenging market.
Related Reading:
269 Elmira Avenue, New Orleans LA – Algiers Point Home for Sale – NEW PRICE!
139 Alix Street New Orleans, LA- New Price on New Construction in Historic Algiers Point
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