Park Timbers: New Orleans West Bank Neighborhood of the Week
Developed during the 1970’s, Park Timbers remains one of the most in demand neighborhoods in Algiers, LA. It’s in a great location, with entrances on General de Gaulle and Lennox Blvd. Backing up to Brechtel Park, Park Timbers streets are easily identified - they all relate to National Parks!
Centrally located, Park Timbers is in close proximity to shopping, restaurants, schools, churches and is a quick commute to downtown New Orleans.
Some Park Timbers exclusives:
- Community Pool
- Community Tennis Courts
- Community Center, available for parties and meetings
- Active Home Owners Association
- Low annual home owner fees of $125 per year
Recent Sales in Park Timbers
In the last 90 days, 7 homes have sold in the Park Timbers subdivision. Sale prices ranged from $230,000 to $375,000. The average sale price price is $263,571, while the median sales price is $250,000. Days on market ranged from 6 to 454, with average days on market currently at 96 days.
Homes Currently for sale in Park Timbers
|
Price Range |
# Homes Available |
Bedrooms |
Baths |
Living Area |
|
$225,000 - $250,000 |
2 |
3- 4 |
2 |
2,017 - 2,800 |
|
$250,001- $275,000 |
3 |
4 |
2-3 |
2,760 - 3,200 |
|
$275,001-$300,000 |
1 |
4 |
2 |
3,200 |
|
$325,001-$350,000 |
1 |
4 |
2 |
3,100 |
The market for homes for sale in Park Timbers is a bright spot in the Algiers, LA real estate market, as it is not suffering from a glut of listings like many other areas. Based on recent (last 90 days) sales, there is a 3 month supply of homes available for sale in the area.
If you are interested in buying or selling a home in Park Timbers or any other area of the New Orleans West Bank, please contact Lisa Heindel, REALTOR®. I’ll be happy to help!
When buying or selling a home on the West Bank of New Orleans, you deserve professional, local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers and sellers in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.
West Bank Homes for Sale – Find a home for sale on the West Bank or other New Orleans metropolitan area.
Contact Lisa Heindel for help buying or selling your New Orleans area home
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Copyright 2008. Lisa Heindel, All rights reserved
Algiers LA 2007 Neighborhood Home Sales Market Report
January 2, 2008 by lisa
Filed under Algiers, Blog, Market Updates
Within Algiers we have so many diverse neighborhoods that a general state of the market report may be misleading to some. 2007 market reports are available for zip codes 70114 and 70131. Getting a little more detailed, here are some of the most popular neighborhoods in the area, along with their 2006 and 2007 sales statistics.
It must be noted that 2006 was a boom year for real estate sales on the West Bank, due to the large number of people relocating after Hurricane Katrina. With our reduced population in the metro area, that sales volume could not be sustained over a long period of time, and decreases in volume were to be expected. The higher sales prices that were commanded in 2006 were a direct reflection of the increased demand for housing in non-flooded areas. Again, as people have settled into different areas, prices have decreased to reflect the lessened demand for housing. Another factor impacting housing sales continues to be the higher cost of home owner’s insurance, with most first time home buyers being placed into policies with LA Citizens (Fair Plan).
Algiers Point
(from Opelousas to the River)
| 2007 | 2006 | |
| # Homes Sold | 24 | 26 |
| Average Sales Price | $267,288 | $290,252 |
| Average Days on Market | 147 | 99 |
** LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year
English Turn
| 2007 | 2006 | |
| # Homes Sold | 42 | 58 |
| Average Sales Price | $588,653 | $594,422 |
| Average Days on Market | 102 | 95 |
**There are no estimates available for homes in this price range for LA Citizens insurance costs
Tall Timbers
| 2007 | 2006 | |
| # Homes Sold | 39 | 52 |
| Average Sales Price | $223,629 | $229,338 |
| Average Days on Market | 118 | 61 |
**LA Citizens insurance costs for an average home are estimated between $4,600 and $5,100 per year
Park Timbers
| 2007 | 2006 | |
| # Homes Sold | 24 | 23 |
| Average Sales Price | $266,965 | $274,322 |
| Average Days on Market | 97 | 49 |
**LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year
Bocage
| 2007 | 2006 | |
| # Homes Sold | 17 | 36 |
| Average Sales Price | $191,100 | $200,617 |
| Average Days on Market | 97 | 79 |
**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year
New Aurora
| 2007 | 2006 | |
| # Homes Sold | 26 | 60 |
| Average Sales Price | $190,658 | $192,720 |
| Average Days on Market | 89 | 65 |
**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year
Old Aurora
(between Woodland and Sullen)
| 2007 | 2006 | |
| # Homes Sold | 25 | 33 |
| Average Sales Price | $137,891 | $142,236 |
| Average Days on Market | 99 | 66 |
**LA Citizens insurance costs for an average home are estimated between $3,000 and $4,000 per year
Huntlee Village
| 2007 | 2006 | |
| # Homes Sold | 32 | 31 |
| Average Sales Price | $119,374 | $125,227 |
| Average Days on Market | 79 | 52 |
**LA Citizens insurance costs for an average home are estimated between $2,200 and $3,000 per year
This by no means covers every individual area of Algiers. It’s a great community, with so much to offer. If you live in a West Bank neighborhood that you would like to see spotlighted, please feel free to call me or drop me an email, and I’ll get it done!
Copyright 2008. Lisa Heindel, All rights reserved.
