Algiers LA 70131 | January 2010 Home Sales and Real Estate Market Statistics
February 25, 2010 by Lisa Heindel
Filed under Algiers, Market Updates
Current real estate activity in Algiers LA 70131 (excluding English Turn):
182 single family homes are for sale
- High list price $895,000
- Low list price $29,900
- Average list price $181,517
- Median list price $155,000
29 homes are under contract or pending sale, priced from $50,000 to $325,000
Based on the number of January sales (9), there is a 20 month supply of homes for sale in Algiers
Algiers LA 70131 | Number of Single Family Home Sales | January 2010
The 70131 zip code of Algiers started off the year with 9 homes sold, up from 7 in January 2009. The days on market dropped substantially, but that is mostly due to the sale of several bank owned homes that were aggressively priced and moved very quickly.
Competition from foreclosures should be a factor when pricing your West Bank home to sell, so be sure that you have information on all of your competition before putting your house on the market. Get your free report of recent listings and sales in your New Orleans West Bank neighborhood
Algiers LA 70131 | Average Single Family Home Price | January 2010
The average single family home in Algiers sold for $147,758 in January, up over $20k from December, but still below the 2009 average shown above. Conventional loans and cash were the most popular forms of payment, since many of the homes sold in January were in less than excellent condition, keeping them from being financed with VA or FHA loans.
Some more details about January home sales in Algiers
- 33% of the sales were of bank owned or foreclosed properties (33% is the average across the West Bank)
- 11% of sellers provided some type of closing cost assistance to the buyer
- 11% of sellers paid for a home warranty for the purchaser
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Algiers LA 70114 | January 2010 Home Sales and Real Estate Market Statistics
February 19, 2010 by Lisa Heindel
Filed under Algiers, Market Updates
Current real estate activity in Algiers 70114:
112 single family homes are for sale
- High list price $390,000
- Low list price $10,000
- Average list price $144,144
- Median list price $118,750
19 homes are under contract or pending sale, priced from $13,000 to $425,000
Based on the number of homes sold in January (7), there is a 16 month supply of homes for sale in the 70114 zip code
Algiers LA 70114 | Number of Single Family Homes Sold | January 2010
The 70114 zip code of Algiers started out the year with 7 single family homes sold, up from only 2 in January 2009, so it’s a nice start to 2010 after disappointing sales last year. 3 of the sales were in Algiers Point, while the other 4 were in various neighborhoods in the area.
The average days on market for homes sold in January was 80, while the average days on market for active listings is at 155. This is a good indicator that some of the homes that have been on the market for awhile may be overpriced or in not so great condition. If you are selling your home, you need to know your competition. Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot
Algiers LA 70114 | Average Sale Price of Single Family Homes Sold | January 2010
The average sale price jumped up to $154,707 in January, mostly due to the number of homes sold in the Point, which always commands a higher price.
The split between conventional and cash sales tells me that there are very few entry level homes being sold in the area, which would more than likely be financed with FHA loans. Instead, it appears that either investors or stronger buyers are the ones more interested in these properties.
A few more facts about January home sales:
- 29% of the sales were of bank owned or foreclosure properties (compared to 33% across the West Bank)
- 29% of sellers provided some type of closing cost assistance to the buyers
- 14% of sellers paid for a home warranty for the purchasers
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
Algiers homes for sale
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Westwego, Avondale and Bridge City LA 70094 | January 2010 Home Sales and Real Estate Market Statistics
February 19, 2010 by Lisa Heindel
Filed under Market Updates, Westwego, Avondale and Bridge City
Current real estate activity in Westwego, Avondale and Bridge City:
139 single family homes are for sale
- High list price $330,000
- Low list price $24,900
- Average list price $130,840
- Median list price $119,000
23 homes are under contract or pending sale, priced from $19,900 to $299,000
Based on the number of homes sold in January (8), there is a 17 month supply of homes for sale in the 70094 zip code
Westwego Avondale Bridge City | Number of Single Family Homes Sold | January 2010
The 70094 zip code started the year with 8 home sales in January, compared to 10 in January 2009. This marks the slowest January sales in the last 5 years. But, with 23 homes under contract, I expect to see an increase in closings for February.
Days on market took a jump, up to an average of 107 days for sold listings. Active listings have been on the market for an average of 129 days, so look for this trend to continue.
Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
Westwego Avondale Bridge City | Average Single Family Home Price | January 2010
While the number of sales was down, the average price for homes sold in January was up to $120,850. This is the highest monthly average we’ve seen in the 70094 zip code since 2007.
FHA continues to be the financing option of choice for the majority of buyers in the Westwego, Avondale and Bridge City communities. With the stricter condition requirements for FHA loans, sellers should be aware that deferred maintenance can make their homes ineligible for this type of financing.
A few facts about January sales:
- 37.5% of homes sold were bank owned or foreclosure properties (compared to 33% across the West Bank of New Orleans)
- 25% of sellers paid for a home warranty for the purchasers
37.5% of sellers provided some type of closing cost assistance to the buyers
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
Westwego homes for sale
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Marrero LA 70072 | January 2010 Home Sales and Real Estate Market Statistics
February 17, 2010 by Lisa Heindel
Filed under Market Updates, Marrero
Current real estate activity in Marrero LA:
257 single family homes are for sale
- High list price $2,450,000
- Low list price $24,500
- Average list price $167,294
- Median list price $140,000
48 homes are under contract or pending sale, priced from $16,900 to $273,000
Based on the number of homes sold in January (10), there is a 25.7 month supply of homes for sale in Marrero (over 2 years)
Marrero LA 70072 | Number of Single Family Home Sales | January 2010
What the heck happened? Marrero started out the year with 10 homes sold in January, compared to 31 in January 2009, resulting in the lowest number of monthly home sales in the 70072 zip code in over 5 years. With 48 pending sales, I can only assume that the holidays have stretched out some closing times. We will continue to keep a close eye on this trend over the next couple of months to see if it balances out or if it’s a sign of a significant change in the Marrero real estate market.
Days on market for sold homes dropped to 51, and days on market for active listings is now at 115.
Marrero LA 70072 | Average Single Family Home Prices | January 2010
While the number of sales may be down substantially, the average sale price is holding steady at just over $139,000. The first time home buyer tax credit has definitely resulted in increased sales in lower price ranges that are most affordable for first time buyers, keeping the average prices down.
More details about January homes sales in Marrero
- 40% of the sales were bank owned or foreclosure properties
- 50% of sellers provided some type of closing cost assistance to the buyers
- 20% of sellers paid for a home warranty for the buyers
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
Find Marrero LA homes for sale
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
Harvey LA 70058 | January 2010 Home Sales and Real Estate Market Statistics
February 17, 2010 by Lisa Heindel
Filed under Harvey, Market Updates
Current real estate activity in Harvey LA:
149 single family homes are for sale
- High list price $549,000
- Low list price $500
- Average list price $175,505
- Median list price $145,000
53 homes are under contract or pending sale, priced from $54,500 to $419,000
Based on the number of homes sold in January (13), there is an 11.5 month supply of homes for sale in Harvey
Harvey LA 70058 | Number of Single Family Home Sales | January 2010
13 homes were sold in Harvey LA in January 2010, compared to 8 at the same time last year, continuing the trend for Harvey as one of the most popular areas on the West Bank.
At the same time, the average days on market for homes sold in January increased to 91. The average days on market for active listings is now at 112 days and the average for pending sales is 139 days. After a slight dip in 2009, it looks like it may take a little longer to get homes sold in the area.
Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.
Harvey LA 70058 | Average Single Family Home Prices | January 2010
The average sale price for a single family home in Harvey ended January at $144,329, down from the both the December 2009 average and the overall 2009 average. Part of this drop can be attributed to 4 low end (under $65,000) sales, which accounted for 31% of the January activity.
Some more details about January sales in Harvey
- 23% of the sales were bank owned or foreclosure properties
- 23% of sellers provided some type of closing cost assistance to the purchasers
- 31% of sellers paid for a home warranty for the buyers
All data is provided by GSREIN and is deemed reliable, but not guaranteed
Related Articles:
Home buying tips
Home selling tips
West Bank Real Estate Market Statistics
For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!
