30 single family homes for sale

• High list price $1,799,000
• Low list price $399,000
• Average list price $704,067
• Median list price $549,000

2 homes are under contract or pending sale, priced from $469,000 to $499,000

Based on January sales (2), there is a 15 month supply of homes for sale in Belle Chasse

English Turn | Number of Home Sales | January 2010

English Turn started the year with 2 homes sold in January, surpassing January sales in both 2009 and 2008.

The few bank owned properties in English Turn have sold, so now the rest of the inventory is starting to be cleared. As a result, I anticipate days on market will rise (see the sharp uptick in January) as homes that have been on the market for an extended period of time are sold.

English Turn | Average Home Sale Prices | January 2010

The January average sale price in English Turn was $508,500, up from the 2009 average of $492,938.  As we move further into the year, we will have a better handle on whether this is a blip or a trend in the market.

Because of the price range of these luxury homes, conventional financing was used for both purchases.  Sellers did not provide any closing cost assistance to the buyers, but 1 seller did provide a home warranty for the purchaser.

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The are 30 homes for sale in English Turn

• High list price $1,995,000
• Low list price $400,000
• Average list price $682,897
• Median list price $549,000

3 homes are under contract or pending sale, priced from $395,000 to $599,000

Based on the number of homes sold in December (2), there is a 15 month supply of homes for sale in the English Turn subdivision

English Turn | Number of Homes Sold | December 2009

English Turn ended 2009 with the exact same number of homes sold as in 2008.  While home sales are substantially below the 2005-2007 period, it’s encouraging to see some stabilization in the one of the high end West Bank real estate markets.

How long is it taking to sell English Turn homes?

The days on market for English Turn has taken a dramatic increase in the last couple of years.  Remember, this is (1) only an average and (2) only for homes that have actually sold.  Some homes in the area have been on the market for an extended period of time without selling yet.

• The longest time for an English Turn home to sell in 2009 was in 776 days.
• The fastest sale time for an English Turn home to sell in 2009 was in 1 day.

English Turn | Average Home Sale Prices | December 2009

Home prices in English Turn have been all over the board this year, with the lower end of the luxury price range selling at a much better rate.  This has resulted in a massive drop in average sale prices in the neighborhood, ending 2009 at $492,938.

• The most expensive home sold in 2009 in English Turn was a 6 bedroom, 6.5 bath home with over 8,000 square feet of living area that sold in October, 2009 for $950,000
• The least expensive home sold in 2009 in English Turn was a 3 bedroom, 3.5 bath bank owned home that sold in June, 2009 for $320,000

Because English Turn is outside of the FHA loan limits for financing in the New Orleans area, conventional financing rules, accounting for 73% of the 2009 sales.  Only 2 sellers provided any closing cost assistance to buyers in the area, both on homes that sold for less than $425,000.

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

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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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32 homes are for sale in English Turn

• High list price $1,995,000
• Low list price $395,000
• Average list price $678,421
• Median list price $549,000

5 homes are pending sale or under contract, priced from $395,000 to $522,000

Based on the number of homes sold in October (4), there is an 8 month supply of homes for sale in the area

English Turn | Number of Homes Sold | October 2009

October looked like spring in English Turn, recording 4 sales for only the second time this year.  Year to date, there have been 22 homes sold, an average of 2.2 homes per month.  This puts English Turn on track to perform at about the same rate of sales as last year. 

Is it the bottom?  Only time will tell, as the community is in the slowest sales period over the last 5 years.  Overall, sales on the West Bank of New Orleans seem to be stabilizing in most, but not all, communities. 

English Turn | Average Home Sale Price | October 2009

The year to date average home sale price in English Turn is now at $501,564, down 15% from the 2008 average.  List prices, however, continue to track along the 2005 average, indicating that some sellers are in for either a long marketing period (for the extreme high end) or disappointment (for those that are just overpriced for their homes condition).

Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

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

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If you are considering buying or selling a home on the West Bank of New Orleans, please contact the West Bank Living Team.  We have specialists in home sales/marketing and buyer representation ready to assist you with any of your real estate needs.

42 homes are for sale in English Turn

• High list price $1,995,000
• Low list price $395,000
• Average list price $688,392
• Median list price $557,383

3 homes are under contract or pending sale, with an average list price of $474,667

Based on the number of homes sold in September (1), there is a 42 month supply of homes for sale in the community

English Turn | Number of Homes Sold | September 2009

Year to date, there have been 18 home sales in English Turn, compared to 21 at the same time last year. 

3 of this years sales have been foreclosure or bank owned properties, which are selling for about $110 per square foot compared to $132 per square foot for normal resale homes in English Turn.

English Turn | Average Home Sale Prices | September 2009

Average home sale prices in English Turn are down to $507,378 as of the end of September 2009.  This is a decrease of 14% in the average sale price when compared to 2008.

My initial thought was that with so few sales, the handful of foreclosures were impacting the average prices.  But removing those from the mix resulted in an average of $507,607 – a negligible change not even worth noting.

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

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Are you considering buying or selling a home in English Turn?  Feel free to contact the West Bank Living Team with any of your questions or just for a little advice.  It would be our pleasure to assist you with any of your real estate needs.

42 homes are for sale

• High list price $1,995,000
• Low list price $405,000
• Average list price $699,323
• Median list price $589,500

5 homes are under contract or pending sale, priced from $399,000 to $1,275,000

Based on the number of homes sold in August (2), there is a 21 month supply of homes for sale in the area

English Turn | Number of Homes Sold | August 2009

Sales in English Turn remain slow but steady, with a total of 17 homes sold in the neighborhood this year, compared to 21 at the same time last year (a 19% decrease).  Three of the seventeen sales in 2009 were of foreclosed or bank owned properties, which always has a negative impact on the average sales price.

English Turn | Average Home Sale Prices | August 2009

The year to date average home sale price for English Turn is currently at $482,023, down over $100k from the 2008 average.  11 of the homes sold this year have been under $500,000 and the highest sale price for 2009 was $725,000.  This is a major change from years past and underscores the need for sellers to present the best possible product in their price range.

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

Are you considering buying or selling a home in English Turn?  Put our years of experience in New Orleans West Bank real estate to work for you today by contacting the West Bank Living Team.  It would be our pleasure to assist you with any of your real estate needs.

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Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

43 homes for sale

• High list price $1,595,000
• Low list price $400,000
• Average list price $682,396
• Median list price $589,000

2 pending sales, priced at $399,000 and $599,000

Based on the number of homes sold in July 2009 (1), there is an over 3 year supply of homes for sale in the neighborhood

English Turn | Number of Homes Sold | July 2009

There have been 15 homes sold year to date in English Turn, compared to 17 at the same time last year.  20% of the homes sold in English Turn this year have been bank owned or foreclosures. 

English Turn | Average Home Sale Prices | July 2009

What sold in English Turn?

A home on Eagle Trace with 4 bedrooms, 3 1/2 baths and 3,356 square feet of living area sold for $355,000 after 315 days on the market

What’s selling in your West Bank neighborhood?

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

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Questions about the English Turn real estate market?  Contact the West Bank Living Team for answers.  As residents of the West Bank, it would be our pleasure to assist you with your real estate needs.

Relocating to or from the West Bank of New Orleans?  In addition to general relocation services, we specialize in assisting military personnel to/from NAS JRB New Orleans or NSA New Orleans with finding their new neighborhood or referring them to a real estate professional in their destination city.  FREE home warranties for all active duty military, whether buying or selling!

43 homes for sale

• High list price $1,595,000
• Low list price $399,000
• Average list price $671,620
• Median list price $599,000

2 pending sales, priced from $399,000 to $995,000

Based on the number of homes sold in June (3), there is a 14 month supply of homes for sale in English Turn

English Turn – Number of Homes Sold – June 2009

English Turn closed out the 2nd quarter of 2009 with 3 sales in June, bringing the year to date total number of homes sold to 14 (compared to 15 at the same time last year).

What sold in English Turn?

** Bonita Bay was a bank owned property (foreclosure)

English Turn – Average Home Sale Price – June 2009

The average home sale price in English Turn dropped significantly from May to June.  There are a couple of factors at work here.  One is that a foreclosure property was sold, which always pulls down the average price.  Second is that the other sales recorded in June were homes that are smaller in size than the typical English Turn property.

Year to date, the average sale price of $498,421 is down almost 16% from the 2008 average, with 3 (21%) of the sales being bank owned properties.  It is tough for sellers to compete with bank pricing if they have not been in their home for an extended period of time and built up equity that allows them to be more flexible in their pricing.  Additionally, these foreclosure sales become part of the comparables that appraisers use when determining value for the neighborhood.

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

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Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

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Do you have questions about the Westwego real estate market? Are you considering buying or selling a home? The West Bank Living Team provides local, professional real estate services to home buyers and sellers on the West Bank of New Orleans 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.

45 homes for sale

• High list price $1,595,000
• Low list price $399,000
• Average list price $683,728
• Median list price $599,000

2 pending sales, priced at $325,900 and $599,000

In 2009, the average home sold in English Turn was on the market for 285 days

Based on the number of homes sold in May (2), there is a 22.5 month supply of homes for sale in the English Turn community

English Turn – Number of Homes Sold – May 2009

Year to date, there have been 11 homes sold in English Turn, compared to 10 sold at the same time last year.  While it’s not a big rebound, at least the number of home sales is remaining steady following the huge dropoff experienced in 2008.

What sold in English Turn?

• 199 English Turn was originally listed for $788,000 and sold in May for $725,000
  44 Fairway Oaks was originally listed for $418,500 and sold in May for $407,000

English Turn – Average Home Sale Price – May 2009

Average prices in English Turn are continuing to run about 10% lower than 2008 prices as the under $500k homes are selling faster (faster being a relative term) than those in the upper end of the price range and make up over 50% of the sales this year.

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

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Find out what’s going on in your West Bank neighborhood with this week’s free market snapshot.

Do you have questions about the English Turn real estate market?  Are you considering buying or selling a home? The West Bank Living Team provides local, professional real estate services to buyers and sellers on the West Bank of New Orleans 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.

47 homes for sale

• High list price $1,595,000
• Low list price $399,000
• Average list price $680,187
• Median list price $599,000

Based on the number of homes sold in April (2), there is almost a 2 year supply of homes for sale in the community

English Turn – Number of Homes Sold – April 2009

Home sales in English Turn dropped to 2 in April, bringing the year to date number of homes sold in the community to 9 (compared to 8 at the same time last year).  At least the number of homes is remaining steady so far, as we move through the busiest part of the year (April – July), even if the average sale prices are down.

What sold in English Turn?

• 614 English Turn Drive  – listed for $599,000, sold for $540,000
• 44 Pinehurst  – listed for $361,900, sold for $356,900

Both homes were less than 10 year old and were cash sales.

English Turn – Average Home Sale Prices – April 2009

The average home sale price in English Turn for April was $448,450.  Year to date, the average sale price is $519,266, down about 12% from the 2008 average.

Last years average home sale was over $590,000, while so far in 2009, there have been only 2 sales over that amount.  More than 1/2 of the homes sold this year have been under $500k, continuing the decline in prices we’ve seen for the last couple of years.  If you would like to take a look at all of the real estate activity, you can find out what’s going on in your West Bank neighborhood with a free online market analysis.

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

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Are you considering buying or selling a home in English Turn? 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.