Algiers, LA 70114: June 2008 Home Sales and Real Estate Market Reports

Algiers, LA 70114 Homes for Sale as of 7/2/2008

• This report includes all of the Algiers zip code 70114, including Algiers Point.  Read Algiers Point June 2008 Home Sales Report for specific sales information on that area.
• 104 active listings, priced from $19,900 to $650,000
• 6 pending (offer accepted but still showing) listings, priced from $42,900 to $384,500
• 22 under contract listings, priced from $21,900 to $359,000
• Based on June 2008 sales, there is an 8 month supply of homes for sale in Algiers zip code 70114, down from the 10.3 month supply in May 2008.  The area seems to be moving closer to the balanced market supply of 5-6 months of inventory, but remember that this number changes based on the number of new listings coming on the market and the number of closed sales in the area.

Algiers, LA 70114 Home Sales - January 2008 through June 2008

• 13 homes were sold in Algiers zip code 70114 in June 2008, 5 of which were in Algiers Point.
• Days on market ranged from 7 to 194, with an average of 81 and a median of 60
• 2nd quarter 2008 home sales in Algiers (70114) showed a marked improvement over 1st quarter, more than doubling in that time period

Algiers LA 70114 Average Home Sale Prices - January 2008 through June 2008

• The average home sale price rose dramatically in June 2008, mostly due to the increase in sale in Algiers Point, which is the highest priced area in zip code 70114
• The average home sale price for the quarter continued the trend of creeping up ever so slightly to the current average of $130,645.  If sales in Algiers Point continue to hold steady or increase, we can expect to see this number rise again in the 3rd quarter.
• The average listing price in 70114 is $176,079.  While Algiers Point will always command a higher price than most of the rest of the zip code, all sellers should continue to monitor their competition and attempt to make their home the best of the bunch when marketing it.  Read Make Your Home the Star of the Neighborhood - Stage It!

Algiers LA 70114 Average Home Sale Prices - 2nd Quarter 2007 through 2nd Quarter 2008

For a detailed market analysis of your Algiers home, please contact Lisa Heindel, your West Bank real estate specialist and Algiers resident and home owner.

Related Reading

Algiers, LA 70114 - June 2008 Absorption Report

Algiers, LA 70114 - Historic Real Estate Market Reports

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.