Current real estate activity in Algiers Point:
21 homes for sale
- High list price $699,000
- Low list price $149,000
- Average list price $307,847
- Median list price $286,000
Based on the number of homes sold in April (1), there is a 21 month supply of homes for sale in Algiers Point
Algiers Point – Number of Homes Sold – April 2009
Sales in Algiers Point continue to remain sluggish, with only 4 homes sold so far in 2009 (compared to 10 at the same time last year). Competition for buyers is fierce in the neighborhood, and with so few of them in play right now, it’s imperative that sellers prepare and price their homes right from the moment they hit the market or risk looking old and stale.
Who is your competition for buyers? Find out what’s going on in your West Bank neighborhood with a free online market analysis
Algiers Point – Average Home Sale Price – April 2009
Prices have jumped all over this year, but the year to date average sale price (of all 4 homes sold) is $214,000. Obviously, you can review the chart below and watch the declining trend that is mirroring what is happening in all of Algiers, not just the Point.
With so few sales occurring, if you don’t have to sell your Algiers Point home, don’t even try to test the waters right now. I don’t know why this beautiful, historic area is being passed over by buyers, but if you have the ability and the desire to stay put, history has shown us that there will always be a rebound. The Federal City development should hold good things for the future of Algiers, but that’s a long term plan that won’t help folks trying to sell today.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Information:
Are you considering buying or selling a home in Algiers Point? The West Bank Living Team provides local, professional real estate services to buyers, sellers and military personnel relocating to and from NAS JRB New Orleans. It would be our pleasure to assist you with all of your real estate needs.
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