Algiers Point: Current real estate market activity
- There are currently 22 active listings in Algiers Point, priced from $149,900 to $699,000
- 2 sales are pending, priced at $185,000 and $269,900
- Based on the February 2009 sales (2), there is an 11 month supply of homes for sale in Algiers Point.
Algiers Point – February 2009 Number of Homes Sold
February 2009 ended with 2 home sales in Algiers Point, which were also the first recorded for the year in thecommunity. Active listings have remained steady with 19-21 homes on the market for the last 4 months at an average listing price of $281,800 or $126.27 per square foot.
Here is a quick comparison of January and February sales in Algiers Point for the period of 2005-2009:
| # homes sold |
2009 |
2008 |
2007 |
2006 |
2005 |
| January |
0 |
1 |
3 |
2 |
2 |
| February |
2 |
0 |
1 |
1 |
2 |
Algiers Point – February 2009 Average Home Sale Price
February home sales in Algiers Point ended with an average sale price of $220,000, right on par with the 2008 annual average. Note that this is substantially lower than the current average listing price of $281,800, indicating that some sellers may continue to have their homes priced too high for today’s buyers.
The 22 homes currently on the market have been listed for an average of 135 days, while the homes sold in February were on the market for an average of 49 days. What does this mean? Simply that homes that are priced the most competitively will be the first to sell.
Related Reading: 5 Dos and Don’ts for Home Sellers
If you need more information about buying or selling a home in Algiers Point or would like a professional market analysis of the value of your home, please contact the West Bank Living Team. It would be our pleasure to assist you.
All data is provided by GSREIN and is deemed reliable, but not guaranteed.
The West Bank Living Team specializes in representing home buyers and sellers on the West Bank of New Orleans. Please feel free to contact us with any questions about buying or selling your West Bank home.
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