English Turn, New Orleans LA | 2012 Market Update

English Turn home sales

English Turn Real Estate

What’s happening in the English Turn real estate market? Let’s take a look at the available listings and closed sales as of July 8, 2013.

Homes for Sale in English Turn

27 homes are currently listed for sale in the West Bank community

  • Average list price: $598,330
  • Average days on market: 326
  • Average size: 4 beds, 3 baths, 3993 sf living area

Homes Sold in English Turn

12 homes have sold as of 7/8/2013

  • High sale price: $1,000,000
  • Low sale price: $300,000
  • Average sale price: $533,542
  • Average days on market: 132
  • Average size: 4 beds, 3 baths, 3856 sf living area

What’s the trend in English Turn sales?

At this time last year (7/8/2012), there had been a year to date total of 8 homes sold in the neighborhood. That’s a 50% increase in the number of sales this year.

Unfortunately, during that same time frame, average prices have dropped from $607,500 in July 2012 to $533,542 in July 2013. Days on market has increased from 104 in 2012 to 132 as of today.

While the number of sales has increased, most of them are occurring at a lower price point than in 2012. Home sellers should be carefully watching their competition in order to keep their home priced at the right place to encourage the maximum number of buyers to take the time to look at their home.

 

For sale in English Turn

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