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English Turn | Home Sales and Real Estate Market Trends for September 2009

Current real estate activity in English Turn:

42 homes are for sale in English Turn

High list price $1,995,000
Low list price $395,000
Average list price $688,392
Median list price $557,383

3 homes are under contract or pending sale, with an average list price of $474,667

Based on the number of homes sold in September (1), there is a 42 month supply of homes for sale in the community

English Turn | Number of Homes Sold | September 2009

Year to date, there have been 18 home sales in English Turn, compared to 21 at the same time last year.

3 of this years sales have been foreclosure or bank owned properties, which are selling for about $110 per square foot compared to $132 per square foot for normal resale homes in English Turn.

English Turn | Average Home Sale Prices | September 2009

Average home sale prices in English Turn are down to $507,378 as of the end of September 2009. This is a decrease of 14% in the average sale price when compared to 2008.

My initial thought was that with so few sales, the handful of foreclosures were impacting the average prices. But removing those from the mix resulted in an average of $507,607 – a negligible change not even worth noting.

All data is provided by GSREIN and is deemed reliable, but not guaranteed

Related information:

Algiers LA homes for sale
New Orleans West Bank Homes for Sale

Home Selling Tips
Home Buying Tips

Are you considering buying or selling a home in English Turn? Feel free to contact the West Bank Living Team with any of your questions or just for a little advice. It would be our pleasure to assist you with any of your real estate needs.

Posted by Lisa Heindel, New Orleans West Bank Real Estate on 10/29/2009 09:53 AM

Comments (6)

Market Reports in the Regional (Localism) Channel

english turn home sales, english turn real estate, west bank real estate, west bank living

Originally posted at: New Orleans West Bank Living and Real Estate News: English Turn | Home Sales and Real Estate Market Trends for September 2009

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6 Comments on English Turn | Home Sales and Real Estate Market Trends for September 2009

OCT

Lisa Your graphs are both colorful and easily understood. Your 42 month supply in English Turn appears to be a real market challenge Karen

NOV

Beautiful post and your graphics gives the reader an instant market snapshot. .what program did you use?

Fernando, I use Microsoft Excel to create the spreadsheets of data and the graphs from the data.

NOV

Hi Lisa -- Very comprehensive and well illustrated market report. Does your MLS produce these graphs/charts or do you take the data and produce them in Excel? A 42 month supply of homes is high so I hope it comes down.

Chris, the first graph is from my MLS, the other charts are created in Excel. I have spreadsheets with about 6 years worth of sales data in them that I update each month to track trends over time. The supply is definitely high in this area, but it's a small, luxury community that I track separately so it doesn't skew the averages in the rest of the zip code.

Your visual design skills are impressive, I need to play around with Excel to make things more visual appealing -- your backgrounds, font, line, color, etc., choices make you want to read the graphs and charts.

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