Algiers LA 70131 Home Sales and Real Estate Absorption Rates for August 2008

This report is for home sales in Algiers 70131 excluding English Turn.

• The overall inventory dropped slightly from 9.5 months in July
• Although there is a generous supply of homes priced under $120,000, the majority of them remain on the market due to their condition.  Homes that need a substantial amount of repairs should be aggressively priced to reflect the work that is needed to make them suitable for home owners or tenants.
• The over $300,000 market remains stagnant in the area, with only 1 sale in the last 90 days
• See also, English Turn Home Sales

Please remember that the odds here are an estimate, not a guarantee that your home will sell within this time frame.

For a detailed explanation of absorption rates and how they are calculated, read What Is A Real Estate Absorption Rate?  For more information on pricing and preparing your Algiers home for sale, contact Lisa Heindel.  I’d be happy to bring you up to date on the current Algiers real estate market and how to position yourself for success!

Copyright 2008.  Lisa Heindel and West Bank Living  All Rights Reserved

Algiers LA 70114 Homes for Sale and Real Estate Absorption Report for August 2008

The following absorption report is for the entire 70114 zip code.  Since there is a niche market in the Point, a separate report is available for Algiers Point absorption rates.

• The supply of homes for sale in 70114 dropped again this month, from 9.4 months in July and 10.3 months in June.  While the over $300,000 market continues to lag behind, there has been a definite improvement in market conditions for many sellers in the area.
• Buyers who are interested in the 70114 zip code should take note of the declining inventory as more homes move off of the market and reduce your choices in the area.
• Please remember that these odds of selling are an estimate, not a guarantee that your home will sell within this time frame.

For a detailed explanation of absorption rates, read What is a Real Estate Absorption Rate?  For a detailed market analysis of home sales in your particular Algiers neighborhood, contact Lisa Heindel.

Copyright 2008.  Lisa Heindel and West Bank Living  All rights reserved.

Algiers and Algiers Point Homes for Sale - Absorption Rates November, 2007

An absorption report is a tool used to determine trends in your real estate market.

• How many homes are for sale in the area?  Note:  Homes listed with an agent only - For Sale by Owners are not included in these reports.
• How long is it taking them to sell? 
• How many have sold in the last 90 days? 
• What price ranges are selling fastest? 

It is basically a bird’s eye view of the supply and demand in your real estate market and is a way to do a spot check of current market conditions.  Remember, an absorption report is only a snapshot of the current market and the percentages change each time a new listing comes on the market or an existing listing sells.

Algiers - zip code 70131

(as of 11/24/2007)

 

Algiers - zip code 70114

(as of 11/24/2007)

As always, price is key to getting your home sold quickly.  A poor location or less than perfect condition can be overcome with the appropriate price.  Resist the temptation to price it high and wait for offers!

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