English Turn: March 2009 Home Sales and Real Estate Market Reports
April 30, 2009 by Lisa Heindel
Filed under English Turn, Market Updates
Current real estate activity in the English Turn subdivision (New Orleans, LA):
44 homes for sale (active listings):
- High list price: $1,595,000
- Low list price: $399,000
- Average list price: $686,143
- Median list price: $599,000
5 pending sales, priced from $368,900 to $788,000
Based on the number of homes sold in March (4), there is an 11 month supply of homes for sale in English Turn
English Turn – Number of Homes Sold March 2009
The number of sales in English Turn is continuing to climb after a slow start to the year. The 1st quarter ended with a total of 7 homes sold, compared to 6 at the same time last year.
What’s selling in English Turn?
All of the sales in March were 4 bedroom homes, with an average of just under 4,000 square feet of living area.
English Turn – Average Home Sale Prices March 2009
While the average home sale price creeped up slightly in March, the year to date average of $538,938 is down almost 9% from 2008. Of course, it’s still a little early in the year to make a prediction of where prices might be going, but recent sellers ended up receiving about 93% of their asking price.
A breakdown of March 2009 listing and selling prices:
| Address | Original List Price | Final List Price | Selling Price | Days on Market |
| Shoal Creek | $579,000 | $510,000 | $475,000 | 297 |
| English Turn | $549,000 |
$519,000 |
$482,500 | 493 |
| English Turn | $699,000 | $599,000 | $560,000 | 776 |
| Forest Oaks | $699,000 | $699,000 | $654,000 | 8 |
Obviously, in most cases it is taking an extended period of time to sell a home in English Turn. The average days on market for homes sold so far in 2009 is 238 days. Are you looking for an edge when selling your home? Read Getting Your Home Sold in This Market – 10 Steps to Success According to Professional Home Stagers for some tips on how to set yourself apart from the competition.
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
Related posts:
5 Dos and Don’ts for Home Sellers
Choosing a Tech Savvy REALTOR to Sell Your West Bank Home
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
Algiers Point LA: March 2009 Home Sales and Real Estate Market Reports
April 30, 2009 by Lisa Heindel
Filed under Algiers Point, Market Updates
Current real estate market activity in Algiers Point (single family homes):
20 homes for sale (active listings)
- High list price $699,000
- Low list price $169,000
- Average list price $330,340
- Median list price $304,950
5 pending sales, priced from $129,900 to $269,900
Based on the number of homes sold in March (1), there is a 20 month supply of homes for sale in Algiers Point, one of the highest inventories on the West Bank of New Orleans.
Algiers Point – Number of Homes Sold in March 2009
As of the 1st quarter of 2009, there have been only 3 sales of single family homes in Algiers Point, compared to 4 at the same time last year. With so few sales, I’ll just go ahead and give a complete list of them:
- 541 Atlantic (fair condition) sold for $70,000
- 315 Eliza (excellent condition) sold for $251,000
- 422 Alix (excellent condition) sold for $370,000
For all of the owners of multi-family properties in Algiers Point who are interested in how their market is performing, please note that there has been only 1 sale so far this year (a 3 plex that sold for $330,000)
Algiers Point – Average Home Sale Price in March 2009
Year to date, the average sale price is just a smidge higher than the 2008 average, but with so few sales that number could swing drastically in the upcoming months.
I really, really wish I had a crystal ball to understand why houses in this beautiful, historic neighborhood are not selling, but I don’t.
The important thing for home sellers in the area to remember is that the competition for those few buyers is fierce and you have to be the best value in the best condition in order to even have a shot at a sale in today’s market.
Getting Your Home Sold in This Market – 10 Steps to Success According to Professional Home Stagers
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
Related Reading:
Algiers Point real estate market updates
Find out what’s going on in your West Bank neighborhood with a free online market analysis
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
OFF THE MARKET | 1334 Monroe Street – Gretna LA Home for Sale at a NEW PRICE!
April 29, 2009 by Lisa Heindel
Filed under Gretna Homes for Sale
It just keeps getting better and better….
Now priced at only $114,900, 1334 Monroe Street is a bargain in the City of Gretna housing market. Don’t forget about the First Time Homebuyers Tax Credit and how it can help you.
Historic Gretna LA Shotgun Home for Sale
1334 Monroe Street, Gretna, LA 70053 View Map
Precious renovated shotgun single on corner lot in the McDonoghville area of the historic City of Gretna, LA. Walking distance to McDonogh Park and playground and just a few blocks from shopping and restaurants. Quick and easy access to the Crescent City Connection and downtown New Orleans or to the Algiers Ferry landing to Canal Street.
Easy care laminate flooring in the living, kitchen, laundry and hall and an open floorplan that’s easy to move around in.
High ceilings throughout, with ceiling fans in the living room and both bedrooms.
Ceramic tile in the light, spacious and updated bathroom.
Rear yard access and inside utility room. Transferrable termite contract.
Details
Property Amenities
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- Microwave
- Dishwasher
- Attic
- Deck
- Grass Lawn
-
- Fenced Yard
- Central A/C
- Central Heat
- Tile floor
- Living room
-
- Laundry area – inside
- Cooktop
- Wall oven
- Corner lot
- Rear yard access
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
Algiers LA 70131: March 2009 Home Sales and Real Estate Market Reports
April 29, 2009 by Lisa Heindel
Filed under Algiers, Market Updates
Current real estate activity in Algiers LA 70131:
163 homes for sale (active listings)
- High list price $950,000
- Low list price $27,900
- Average list price $209,156
- Median list price $175,000
51 pending sales, priced from $33,250 to $299,000
Based on the number of homes sold in March (21) there is a 7.76 month supply of homes for sale in Algiers
Algiers LA 70131 – Number of Homes Sold in March 2009
The number of homes sold in Algiers 70131 more than doubled from February to March 2009, bringing the year to date sales to 38 (compared to 46 at the same time last year).
Who is buying in Algiers?
- Buyers with conventional financing: 3, at an average price of $168,333
- Cash buyers: 6, at an average price of $132,416
- FHA buyers: 12, at an average price of $146,291
That large percentage of FHA buyers should be a flag to sellers that assistance with closing costs is a typical part of getting these deals done. In March 2009, 38% of the closed sales had the sellers providing an average of $4,361 in assistance to the buyers. Before you get all upset at the buyer asking for assistance, read Keep Your Eye on the Bottom Line.
Algiers LA 70131 – Average Home Sale Price in March 2009
While the number of homes selling is rising, the average sale prices in Algiers 70131 are decreasing, ending March at $145,476 and bringing the year to date average to $150,516 (down almost 8% from the 2008 average).
What’s selling in Algiers?
- 1 home in FAIR condition, at a price of $35,500
- 5 homes in AVERAGE condition, at an average sales price of $84,600
- 2 homes in VERY GOOD condition, at an average sales price of $123,500
- 13 homes in EXCELLENT condition, at an average sales price of $180,730
Note: these sale prices are not adjusted for any assistance the sellers may have provided to the buyers. When pricing your home or determining if an offer you’ve received is fair, it’s important to take into account any adjustments to the sale price. Be sure that your West Bank real estate agent knows the ins and outs of the sales in your neighborhood and can give you the details you need to make an informed decision.
All data provided by GSREIN and is deemed reliable, but not guaranteed.
Related Reading:
2009 First Time Home Buyer Tax Credit FAQ
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military relocations to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
3901 Red Cypress Harvey LA 70058 – Southern Oaks – Home for Sale
April 28, 2009 by Lisa Heindel
Filed under Featured Listings, Harvey Homes for Sale
The West Bank Living Team just listed this cute, cute, cute home in the Southern Oaks subdivision in Harvey LA. Built in 1987, 3901 Red Cypress Drive sits on a beautiful corner lot just off of Manhattan Blvd. Close to shopping, dining and more, the location is fantastic and the price can’t be beat!
$165,000
Step into the open living area featuring a a vaulted ceiling and a unique fireplace that gives the room a cozy feel. Updated laminate and ceramic flooring in the kitchen, living and dining rooms means easy care and no worries about spills or stains. From the living room, there is access to a sun room on one side and the side deck and backyard on the other.
The eat-in kitchen is oh so spacious, with tons of cabinets for storage and counter space to work on.
Love to entertain? Then the formal dining room will tickle your fancy as well. Currently used as an office and playspot, the dining room has a vaulted ceiling, ceiling fan and windows overlooking the sun room.
Just off of the living room is a glassed in sun room with a view of the side yard. Imagine fluffy chairs, potted plants and a private spot to relax in….
The 16 x 12 master bedroom also has a vaulted ceiling, ceiling fan, walk in closet and private bath.
2 more bedrooms and a full bath round out this over 1,700 square foot home.
For more details or to schedule your private showing, please contact the West Bank Living Team.
Jefferson Parish Public Schools
The West Bank Living Team provides local, professional real estate services to buyers, sellers and military personnel transferring to and from NAS JRB New Orleans. It would be our pleasure to assist you with any of your real estate needs.
