Park Timbers Real Estate Update :: New Orleans Neighborhoods

Park Timbers New Orleans LA

Park Timbers Real Estate and Home Sales

After a 2016 dip in Park Timbers real estate prices, the spring is showing a lot of promise for homeowners in this Algiers neighborhood.

Average 2017 sold prices have risen by 25% over 2016. While it’s still early in the year, it’s a trend we are noticing in several West Bank neighborhoods, since East Bank prices have risen beyond affordability for many New Orleans home buyers.

Park Timbers Real Estate and Home Values

Park Timbers Inventory and Days on Market

There have been only 3 homes sold so far this year, compared to an average of 2 per month in 2016, so the number of sales is lagging behind – but not for long. 10 new listings have hit the market since January, and 5 of them are already under contract.

Days on market has been creeping up as well, currently sitting at an average of 73 days from listing to accepted offer.

Park Timbers real estate - days to sell 2017

 

WHAT’S YOUR PARK TIMBERS HOME WORTH? FIND OUT HERE. 

 

Park Timbers Real Estate for Sale

Leave a Reply