Current real estate statistics for Algiers LA 70114 as of 11/5/2008:
- 82 active listings, priced from $34,500 to $590,000
- 3 pending (but continue to show) listings, priced from $100,000 to $149,900
- 12 under contract listings, priced from $25,750 to $289,000
- Based on October 2008 sales, there is an 11.7 month supply of homes for sale in Algiers zip code 70114
Algiers LA 70114 – Number of Homes Sold October 2008
Algiers (70114) homes have been selling at an average of just over 8 homes per month 2008, on par with the 2007 sales pace, but below the sales rates seen in 2004-2006. This trend is being repeated in several West Bank communities.
To put things into perspective, there are currently 82 homes listed for sale – this is only 2 less than have been sold throughout 2008, creating almost a year of inventory. The good news is that this projected supply is down from last month’s estimate of almost 2 years due to a higher number of sales in October.
Algiers LA 70114 – Average Home Sale Prices October 2008
Average home sale prices in Algiers have had their ups and downs this year – mostly dependant upon what’s selling in Algiers Point. Overall, though, the average sale price is down over $35,000 from 2007.
What does this mean for home sellers in Algiers? It means that you need the most up to date information about sales and listings in YOUR neighborhood. It means that you need to receive that information from your agent each and every month that you are on the market to ensure that your price remains competitive and you are offering the best value to the buyers.
All information provided by GSREIN and is deemed reliable, but not guaranteed.
Related Reading:
- Algiers Point: October 2008 Home Sales and Real Estate Market Report
- All Algiers Market Reports
- Getting Your Home Sold in This Market – 10 Steps to Success According to Professional Home Stagers
If you are considering buying a home in Algiers or selling your Algiers home, please contact Lisa Heindel. It would be my pleasure to assist you with all of your West Bank real estate needs.
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
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