Current real estate activity in the English Turn subdivision in Algiers LA:
29 homes are for sale in English Turn
- High list price $1,995,000
- Low list price $425,000
- Average list price $700,126
- Median list price $565,766
5 homes are under contract or pending sale, priced from $395,000 to $522,000
Based on the number of homes sold in November (2), there is a 14.5 month supply of homes for sale in the area
English Turn | Number of Homes Sold | November 2009
English Turn continued the up and down cycle of homes sales into November, bringing the year to date number of homes sold to 24. With 5 homes pending sale, I would project that we will match the number of sales made in 2008.
This is actually pretty good news. While the number of sales is down substantially from pre and post Katrina, at least the market in the neighborhood seems to be balancing out at about 25 sales per year….good information for a seller to have when they are determining when (or whether) to put their house on the market.
While there is the occasional quick sale, and the higher end is taking longer, the average English Turn home was on the market for 216 days before selling. That number will change from month to month depending on what’s sold and is subject to some wild swings if a long time listing finds a buyer.
English Turn | Average Sales Price | November 2009
The average home sale price in English Turn dipped again in November, pulling the year to date average down to $497,475, a decrease of over 15.7% from the 2008 average, and marking the lowest prices we have seen in English Turn over the last 5 years.
That does not mean that there are no higher end homes selling, because there are, but the prices of entry level properties in the community have dropped, impacting the average substantially since there are more entry level than luxury homes selling.
All data provided by GSREIN and is deemed reliable, but not guaranteed.
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For professional real estate services on the West Bank of New Orleans, please contact the West Bank Living Team. Dedicated buyer and seller agents are waiting to assist you with any of your real estate needs.
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