203 homes are listed for sale

• High list price $895,000
• Low list price $32,900
• Average list price $170,717
• Median list price $154,000

50 homes are under contract/pending sale, priced from $34,830 to $295,000

Based on the number of July sales (18), there is a 11.3 month supply of homes for sale in Algiers

Algiers LA 70131 | Number of Homes Sold | July 2010

With 18 homes sold in July and 111 year to date, Algiers is dead even in the number of sales in 2010 vs. those in 2009.  Last year saw a spike in sale in the 3rd quarter, so it will be interesting to see if the same thing happens this year.  Indicators point to yes, with 50 homes currently pending sale.

Days on market in Algiers has dropped to an average of 94, one of the only drops across the West Bank of New Orleans real estate market.

Algiers LA 70131 | Average Home Sale Prices | July 2010

Sale prices from month to month are always going to jump around, but Algiers ended July with a year to date average sold price of $148,351.  This is a decrease of 4.5% from the average sold price in 2009.

Remember, this accounts for all sales in the zip code (excluding English Turn – get those reports here) and your neighborhood may be performing differently.

Get this week’s free Algiers home value report

All data provided by GSREIN and is deemed reliable, but not guaranteed

More about July home sales in Algiers 70131

• 39% of homes sold were bank owned foreclosures or short sales
• 28% of sellers provided a home warranty for the buyers
• 22% of sellers paid some type of closing cost assistance for the purchaser

Need more information about buying or selling a home on the West Bank of New Orleans? Please contact the West Bank Living Team.

111 homes are listed for sale

• High list price $399,900
• Low list price $9,499
• Average list price $130,126
• Median list price $110,000

17 homes are under contract/pending sale, priced from $30,000 to $229,000

Based on the number of July sales (5), there is a 22 month supply of homes for sale in Algiers 70114

Algiers LA 70114 | Number of Homes Sold | July 2010

Sales in the 70114 zip code dropped to 5 in July, bringing the year to date total number of homes sold to 58.  At the same time last year, there were 46 sales, so the number of properties being purchased has increased by 26%.  However, a quick look at average pricing will indicate that many of the sales were of properties in less than stellar condition or that were bank owned/foreclosures.

Algiers Point real estate market updates

Days on market remains steady in the 70114 zip code, holding at 104 days for the average home to sell.  Remember, this is an average.  The home on the market the longest was 413 days, while others sold in a day (rare, but it happens with bargain basement priced investor properties).

Algiers LA 70114 | Average Home Prices | July 2010

It looks like a precipitous drop in prices, but keep in mind that in July 80% of the homes sold were bank owned foreclosures – most of which were in need of extensive repairs and renovations to make them habitable again.

The current average sale price of $107,017 is a decrease of 9% from the 2009 average price.  In addition to the impact of foreclosures, anytime there is a decrease in sales in Algiers Point we will see a dip across the entire zip code.

Get your free Algiers home value report

All data provided by GSREIN and is deemed reliable, but not guaranteed

More about July home sales in Algiers 70114

• 80% of the homes sold were bank owned or foreclosure properties
• 20% of the sellers provided closing cost assistance to the buyers
• No home were sold with a home warranty
• 60% of the homes were not financed, but instead were cash purchases (typically an indication of an investor in the lower price ranges)

207 single family home are for sale in Algiers LA

• High list price $895,000
• Low list price $32,900
• Average list price $173,556
• Median list price $155,000

40 homes are under contract or pending sale, priced from $25,000 to $295,000

Based on the number of sales in May (21), there is a 9.9 month supply of homes for sale in Algiers

Algiers LA 70131 | Number of Single Family Homes Sold | May 2010

With 21 successful single family home sales in May, Algiers 70131 has had a year to date total of 78 homes sold.  This is an increase of 11% over the 70 sold at the same time last year.  Don’t get too excited yet, though.  I’m sure that the first time buyer tax credit had something to do with this increase, and it will be July before we start to get a true picture of activity in the area that is not influenced by any government incentives.

Days on market has dropped, ending May at 101 days for sold.  The average active listing has been on the market for 142 days (so look for that sold average to go up) and the average pending sale has been on the market for 65 days (indicating that newer listings may be priced more competitively).

Algiers LA 70131 | Average Single Family Home Prices | May 2010

Average prices in Algiers have been pretty steady for the last 3 months, ending May at $154,214.  This brings the year to date average to $155,639 – just a bit above the 2009 average.  Remember, this average is for the entire zip code (excluding English Turn) and your neighborhood may be performing better or worse than this.

Run your free report of home values in your Algiers neighborhood

More about May home sales in Algiers LA:

• 19% of the homes sold were bank owned/foreclosure properties
• 43% of sellers assisted with the buyer’s closing costs
• 62% of sellers provided a home warranty for the purchaser
• FHA remains the most popular form of financing for home buyers in Algiers

All data provided by GSREIN and is deemed reliable, but not guaranteed

There are 105 homes listed for sale in the 70114 zip code

• High list price $399,900
• Low list price $9,499
• Average list price $139,533
• Median list price $113,000

18 homes are under contract or pending sale, priced from $29,000 to $299,000

Based on the number of May sales (10), there is a 10.5 month supply of homes for sale in Algiers

Algiers LA 70114 | Number of Single Family Homes Sold | May 2010

May ended with 10 single family home sales in the 70114 zip code, bringing the year to date sales to a total of 41.  Compared to the 33 sold at this time last year, that’s an increase of 24% in the number of sales.  The majority of homes sold in the area are outside of Algiers Point, which we’ll address in a separate report.

Days on market is up slightly after being flat for the last 3 years, ending May at an average of 111 days.  Active listings have been on the market from 4 to 953 days, with an average of 169.  Pending sales have been on the market from 23 to 399 days, with an average of 144.

Algiers LA 70114 | Average Single Family Home Prices | May 2010

Prices are holding steady in 70114, down just a smidge from 2009.  The drop off seen over the last couple of years is primarily due to fewer sales in Algiers Point, which has the highest home prices in the area.

More about May sales in Algiers LA 70114:

• 50% of homes sold were bank owned/foreclosure properties
• 40% of sellers provided a home warranty for the buyers
• 40% of sellers paid some sort of closing cost assistance to the purchasers
• While the rest of the West Bank real estate market is influenced by FHA, cash and conventional loans are the primary purchasing tools in 70114

All data provided by GSREIN and is deemed reliable, but not guaranteed

There are 208 active listings in Algiers

• High list price $895,000
• Low list price $25,000
• Average list price $174,413
• Median list price $152,450

45 homes are under contract or pending sale, priced from $22,500 to $289,000

Based on the number of April sales (14), there is a 14.8 month supply of homes for sale in Algiers

Algiers LA 70131 | Number of Single Family Homes Sold | April 2010

The 70131 portion of Algiers (excluding English Turn) is holding steady, with the exact same number of home sales (57) as at this time last year.  Just like most other areas of the West Bank of New Orleans, there are a large number of pending sales – more than likely due to the first time buyers who had to choose a home by April 30th to qualify for the tax credit.  This has the potential to create a spike in sales in May and June, but what happens after that remains to be seen.

In April, homes sold were on the market from 5 days to 353 days, with an average marketing time of 103 days.  This number varies from neighborhood to neighborhood, so get this week’s home value report to find out the skinny on homes for sale and sold right around yours.

Algiers LA 70131 | Average Single Family Home Sale Prices | April 2010

Average sale prices are up just a smidge, ending April at $156,164.  The average home under contract/pending sale is priced at $152,718, so I expect to see the prices drop slightly over the next couple of months.

More about Algiers home sales in April:

• 1 sale was a short sale
• 36% of the homes sold were bank owned or foreclosure properties
• 36% of sellers paid for a home warranty for the buyers
• 43% of sellers paid some type of closing cost assistance for the purchaser

All data is provided by GSREIN and is deemed reliable, but not guaranteed

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105 single family homes are for sale

• High list price $389,000
• Low list price $10,000
• Average list price $135,394
• Median list price $110,000

20 homes are under contract or pending sale, priced from $14,900 to $299,000

Based on April sales (6), there is a 17.5 month supply of homes for sale in Algiers 70114

Algiers LA 70114 | Number of Single Family Homes Sold | April 2010

After a spike in March, sales fell off again in April in Algiers. Year to date, there have been 30 single family homes sold in the area, compared to 23 at the same time last year.  While a drop in the number of sales is not welcomed, the good news for sellers is that there are more homes being sold this year in the community than in 2009.

Days on market is holding steady just above 100 days for the average home sold. Buried in the numbers is some interesting information for sellers.  The average active listing has been on the market for 161 days.  The average under contract listing has been on the market for 108 days.  The average listing sold in April was on the market for 69 days.  This tells me that either price or condition needs to be addressed for those properties that have been on the market for an extended period of time.

Algiers LA 70114 | Average Single Family Home Prices | April 2010

After starting out with a bang in January, single family home prices in the 70114 zip code have been hovering closer to the $110,000 mark for the last couple of months.  Because of the strong start, the year to date average sale price is still higher than in 2009.

More about April homes sales in Algiers 70114:

• 33% of the sales were bank owned/foreclosure properties
• 33% of sellers provided some type of closing cost assistance to the buyers
• In a break from the rest of the West Bank real estate market, cash and conventional financing are used in 90% of purchases in the area.  This is a reflection of the condition of the majority of the homes sold in the area.

All data provided by GSREIN and is deemed reliable, but not guaranteed

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Homes for sale in Algiers LA 70114

New Orleans West Bank homes for sale

195 single family homes are for sale

• High list price $895,000
• Low list price $22,500
• Average list price $174,729
• Median list price $154,900

37 homes are under contract or pending sale, priced from $26,600 to $367,500

Based on the number of sales in March (18), there is a 10.8 month supply of homes for sale in Algiers

Algiers 70131 | Number of Single Family Homes Sold | March 2010

As of the end of the first quarter of 2010, there have been 42 single family homes sold in Algiers 70131 (excluding English Turn) compared to 38 during the first quarter of 2009.  Foreclosures and bank owned properties have definitely had an impact on sales in Algiers, with 15 of these homes sold as of March 2010.

The year to date days on market average has dropped to 99, mostly due to (again) the bank owned and foreclosure homes skewing the average.  For non-foreclosure properties, the average days on market was 125, while bank owned homes are selling in an average of 53 days.  It can be difficult in some cases for sellers to compete with the value that these third parties can offer, so proper pricing to reflect what is happening in your West Bank neighborhood is critical.

Get this week’s free Algiers home value report

Algiers 70131 | Average Single Family Home Sale Prices | March 2010

While we saw a dip in the average sale price from February to March, the year to date average has increased slightly from 2009 to 2010.  As of March 2010, the average Algiers home is selling for $158,912.  Again, foreclosures are having an impact and need to be taken into account when pricing your home or considering whether that “bargain” you are considering buying is really a bargain.

Foreclosure properties are selling at an average price of $120,287, while non-foreclosures are selling at an average of $175,924.  Not only is this important for home sellers to know, but buyers should be aware that homes that are not owned by banks and in good condition will command a substantially higher price. 

More about March 2010 home sales in Algiers:

• 33% of the homes sold were bank owned or foreclosed properties
• 28% of sellers paid for a home warranty for the buyers
• 28% of sellers provided some sort of closing cost assistance to the purchasers
• FHA loans remain the most popular choice of buyers, but cash is not far behind

All data is provided by GSREIN and is deemed reliable, but not guaranteed

You might also be interested in:

• 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

106 single family homes are for sale

• High list price $389,000
• Low list price $29,000
• Average list price $137,762
• Median list price $112,500

23 homes are under contract or pending sale, priced from $10,000 to $287,900

Based on the number of homes sold in March (12), there is a 8.8 month supply of homes for sale in the area

Algiers LA 70114 | Number of Single Family Homes Sold | March 2010

Home sales in the 70114 zip code of Algiers took a jump in March, bringing the year to date total number of single family homes sold to 25 (compared to 14 during the first quarter of 2009).  This portion of Algiers is really a tale of two different markets – the foreclosure market and the rest of the sales – and foreclosure sales made up 58% of the home sold in this section of Algiers in March.

Days on market is still holding steady, but with the average listing already on the market for 153 days, look for this number to increase in the coming months as some older inventory is hopefully cleared out.

Algiers LA 70114 | Average Single Family Home Sale Prices | March 2010

Sale prices increased in March, bringing the year to date average to $125,158.  The increase in sales prices from 2009 to 2010 can be mostly attributed to an increase in sales in Algiers Point since the highest priced real estate in the zip code is in the historic district and a few sales in that area can have a major impact on the average.  Your

More about March sales:

• 3 homes sold were in Excellent or Very Good condition, while the remainder were in Average, Fair and Poor condition
• 33% of sellers provided some sort of closing cost assistance to the purchaser
• No home warranties were provided by sellers in March
• Because of the high percentage of foreclosures and properties in need of renovation, cash is king in the 70114 zip code, used in more than half of the sales so far in 2010.

All data is provided by GSREIN and is deemed reliable, but not guaranteed

You might be interested in:

• 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

189 single family homes are for sale

• High list price $895,000
• Low list price $34,900
• Average list price $176,101
• Median list price $155,000

27 Algiers homes are currently under contract or pending sale, priced from $50,000 to $359,000

Based on the number of homes sold in February (15), there is a 12.6 month supply of homes for sale in Algiers

Algiers LA 70131 | Number of Single Family Homes Sold | February 2010

As of the end of February, there have been 24 single family home sales in the 70131 zip code of Algiers.  Compared to 17 at the same time last year, this is an increase of 41% in the number of successful real estate sales.

Average days on market has dropped to 75 from the 2009 average of 137.  However, the average home that is under contract has been on the market for 148 days and the average active listing has been on the market for 136 days, so look for this number to increase as the year progresses.

Algiers LA 70131 | Average Single Family Home Sales | February 2010

Not only have the number of home sales in Algiers increased, but the year to date average sale price is up to $164,080.  This is the highest average we have seen in the last couple of years.  Could the market be stabilizing?  That depends completely on what neighborhood you live in and what the impact of foreclosures is on prices in your community.

Get a free home value report for your neighborhood

More details about February home sales in Algiers LA:

• Condition is always a factor in selling prices.  In February there was 1 home sold in Average condition, 9 sold in Excellent condition, 4 sold in Fair condition and 1 sold in Very Good condition.
• 40% of February sales were bank owned or foreclosure properties
• 13% of sellers provided some type of closing cost assistance to the buyers
• 33% of sellers paid for a home warranty for the purchasers
• Conventional and FHA loans make up the majority of loans used to purchase Algiers real estate in 2010

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!

105 single family homes are currently for sale

• High list price $389,000
• Low list price $16,900
• Average list price $140,214
• Median list price $113,400

15 homes are pending sale or under contract, priced from $10,000 to $239,900

Based on the number of homes sold in February (6), there is a 17.5 month supply of homes for sale in Algiers

Algiers LA 70114 | Number of Single Family Homes Sold | February 2010

As of February 2010, there have been a total of 13 single family homes sold in the 70114 zip code of Algiers.  While 13 may not seem like a lot, the number of sales is up from 7 at the same time in 2009 – a 86% increase in the number of sales year over year.

Most of this increase can be attributed to investors purchasing property in the area, indicated by the number of sales of homes in Poor or Fair condition that were purchased with cash.

Days on market has dropped to 87 for sold homes.  However, the average active listing has been on the market for 151 days, so I expect to see this number increase as we move further into the year.

Algiers LA 70114 | Average Single Family Home Prices | February 2010

Average home sale prices in the 70114 zip code dropped substantially from January to February, but the year to date average is still higher than what we saw in 2008 and 2009.  We have recently seen a slight increase in calls and inquiries about homes in Algiers Point, so I’m hopeful that this trend leads to an increase in sales as well.

What impacted Algiers home sales in February?

• 2 homes were in Excellent condition, 1 home was in Average condition, and 3 homes were in Poor condition
• 2 homes (33%) were bank owned or foreclosed properties
• 1 seller provided closing cost assistance to the buyers
• No sellers provided a home warranty

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!