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English Turn: June 2008 Real Estate Absorption Rates

Here is a quick look at the current real estate market in English Turn.

  • A balanced real estate market has on average a 5-6 month supply of homes for sale.  Typically, over 6 months of inventory indicates a buyers market.
  • There is a shortage of homes priced under $400,000 in English Turn, presenting a great selling opportunity for long time owners with equity in their homes.
  • With a 17.8 month supply of homes for sale in the community, owners in English Turn should be prepared for an extended marketing time when selling their home - no short term listings should even be considered at this point.

 

Real Estate Absorption Rates for English Turn as of 6/18/2008

 

 

 

Remember, an absorption report is a snapshot of the market at the current time, and the statistical odds of selling in 90 days will vary depending on the number of homes for sale and recent closed sales.  This is not a guarantee that your home will sell within this timeframe, only a tool to use to gauge buyer interest in the various price ranges in the area.

 

If you are considering selling your home in English Turn, it’s critical to be aware of the current market environment and to understand what competition you are facing.  For local, expert advice when selling your New Orleans West Bank home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help you properly prepare and price your home for our current, challenging market. 

 

Related Reading:

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent 

Make Your Home the Star of the Neighborhood - Stage It!

  


When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

              

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

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Luxury Living on the West Bank of New Orleans

Luxury car?  Check.

Luxury office?  Check.

Luxury home?  Why not?

 

Are you looking for your place to retreat to at the end of a hard day of work?  Someplace with all of the luxuries you want and need in your next home?  Then consider life on the West Bank of New Orleans and find the home of your dreams just outside of the hustle and bustle of the city life.

 

Two of My Favorite West Bank Neighborhoods

 

English Turn

You know you’ve arrived when you can claim an English Turn address.  Discover the beauty as you pull through the gates and catch a glimpse of the plantation style clubhouse that overlooks the Jack Nicklaus designed golf course.  Relax and enjoy the water and golf course views offered by many of the lavish homes in this exclusive West Bank community.  With a swim club, tennis, golf and more, what better way to pamper and welcome yourself home.

 

English Turn

 

Choose from one of the 44 custom homes currently available in English Turn, priced from the mid $400s to over $1.5 million dollars.  Three, four and five bedroom homes with an average of over 3,800 square feet of living area are waiting to fulfill the wants and needs of the most discriminating buyer.   For a complete list of available homes in English Turn, feel free to contact me at lisa@westbankliving.com.

 

The Residence at Park Avenue

If you prefer courtyards to golf course views, The Residence provides the perfect mix of luxury living with the convenience of townhouse living.  Tucked behind the gates are custom built townhouses with private garage parking, a community pool, exercise room and more. 

 

The Residence 4

 

Nine of these fabulous homes are now available, including 3 brand new units.  Priced from the mid $300s to the upper $500s, each three or four bedroom townhouse features a unique facade, custom interior and easy access to the community amenities.  Step away from the stresses of the world in The Residence at Park AvenueFor more information or details on available townhouses at The Residence, drop me a line at lisa@westbankliving.com.

 

While certainly not the only luxury living on the West Bank, these are two of my personal favorite communities.  Each has so much to offer to residents, that those looking for an exclusive home on the West Bank are sure to find one here.  When you are ready to move up to luxury, contact Lisa Heindel, REALTOR® for private showings of these and other exclusive West Bank homes for sale.

 

 Lisa Heindel

 


When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

              

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

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English Turn: May 2008 Real Estate Absorption Report

The overall supply of homes for sale in English Turn has increased from the 18.7 months observed in April to the current 21.5 month supply.  Keep in mind that a balanced real estate market has a 5-6 month supply of homes for sale…more than that indicates a buyers market for the area.

 

English Turn continues to suffer from lagging home sales in every price range and continues to have over a one and a half year supply of homes for sale across the community.  The number of homes listed for sale has remained steady with the same number of listings that we saw at this time last month. 

 

With so much competition for buyers in the area, sellers are being forced to become more flexible in both price and terms when selling their English Turn home.  As shown in the chart below, homes under $400,000 are in demand, but there are not any currently listed homes in that price range. 

 

The over $500,000 price range has always been a harder sell on the West Bank, but with over 40 competing homes for sale in English Turn, now is the time to be sure that your marketing plan is reaching the largest number of potential buyers and that your home is staged and ready to sell.  Amazingly enough, 35% of the homes for sale in English Turn have no virtual tour or less than the maximum number of photos allowed in the Multiple Listing Service. 

 

English Turn Subdivision

 English Turn

 

Data provided by Latter & Blum REALTORS® and is deemed reliable, but not guaranteed.

 

If you would like a custom market report for your home, please contact Lisa Heindel, REALTOR®.  I’d be happy to help keep you up to date with your piece of the English Turn real estate market.

 

Lisa Heindel

 

Related Reading:

Algiers, LA 70131: May 2008 Real Estate Absorption Report

English Turn: April 2008 Home Sales and Real Estate Market Report

Make Your Home the Star of the Neighborhood - Stage It!

5 Steps to Choosing Your New Orleans West Bank Real Estate Agent


When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

              

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed,

Copyright 2008.  Lisa Heindel, All rights reserved.

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English Turn: West Bank Neighborhood of the Week

Just 8 miles from the New Orleans Central Business District, there is an exclusive golf community that offers the opportunity to live an enviable, quiet lifestyle within the city limits.  English Turn is one of the gems of the New Orleans West Bank, a magnificent gated community with all of the amenities you would expect in a luxury subdivision.

 

                       English Turn

 

What Does English Turn Offer?

golf1

Golf - Designed by Jack Nicklaus, the award winning Par 72 Championship course was the site of  the 2006 Zurich Classic PGA Tournament.   Beautiful greens, stunning lakes and a plantation-style clubhouse are the centerpieces of the English Turn course.  Membership to English Turn Golf Club is limited and dues are in addition to the annual home owner fee.

 

 

 

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Garden Club - The English Turn Garden Club is the sponsor of the community Butterfly Garden and is charged with protecting the native plants, trees and birds in the community as well.

 

 

 

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Family and Children’s Activities - Tot lots and playgrounds for the exclusive use of  residents, a swim team, a summer camp program and a Kid’s Club that meets twice a month for fun Friday activities.

 

Green Space - Community parks (including one that measures 6 1/2 acres) and tot lots with space for a picnic, playground equipment, basketball court, softball diamond and more.

 

Clubhouse - The English Turn clubhouse is available for private functions and features a stunning view of the golf course from the balconies.

 


 

                                        English Turn 2

 

English Turn Homes

Single family homes, villa and golf condominiums are all part of the English Turn community.  New construction and resale homes are available starting in the mid $400s and range up to $1.5 million to capture your own piece of paradise.  Average sale prices for English Turn are in the mid $600,000 range and average days on market for recently sold homes is about 170 days.

 

English Turn Lots

Lots in English Turn are available to build your custom home on.  Lot sizes range from just under 1/4 acre up to a 1 full acre, some with water views, golf course views or both!  Available land is priced from $79,000 to $370,000.

 

Find Out More About English Turn

If you are interested in buying or selling a home in English Turn, please contact Lisa Heindel, REALTOR® for more information on available properties for sale or to receive a personalized marketing plan for your existing home. 

 

Related Reading:

Selling Your Home Is A Business - Run It Like One!

5 Dos and Don’ts for Home Sellers

Related Sites:

English Turn Real Estate Market Reports

New Orleans Parochial School Information

New Orleans Public School Information

 

Lisa Heindel


When buying or selling a home on the West Bank of New Orleans or relocating to the New Orleans West Bank, you deserve local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers, sellers and military transferees in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.

   

Copyright 2008.  Lisa Heindel, All rights reserved.

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