Algiers Point Home Sales – June 2011| New Orleans LA

Algiers Point Home Sales

There are 20 single family homes for sale in Algiers Point, priced from $65,000 to $860,000.  The average home for sale in the area has 3 bedrooms, 2 baths, 2679 square feet of living area and is priced at $277,560 (or $120.91 per square foot).   Active listings have been on the market from 10-877 days, with an average time on market of 149 days so far.

7 homes are under contract, priced from $67,200 to $249,000.  Based on June sales of single family homes (2), there is a 10 month supply of homes for sale in Algiers Point.

Homes sold in Algiers Point

After a bump in sales in 2010, Algiers Point is dropping off again.  11 homes have been sold this year, compared to 17 at the same time last year (a 35% decline).  Prices have declined by over 9% from last year as well.  The current average sale price of a single family home in the Point is about 22% lower than 2005 prices.  If you bought your Algiers Point home after Katrina, be prepared to sit on it for a time as we wait for values in the area to stabilize and begin climbing again.

  • 27.27% of homes sold in 2011 have been foreclosures
  • 55% of sellers provided a home warranty
  • 36% of sellers paid a portion of the buyer closing costs

What’s your Algiers home worth?

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

 

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