Algiers LA 70114 | Real Estate and Home Sales for September 2009

By
Real Estate Broker/Owner with Crescent City Living LLC Licensed LA RE Commission

Current real estate activity in Algiers LA 70114:

104 homes are for sale

  • High list price $550,000
  • Low list price $22,500
  • Average list price $162,589
  • Median list price $139,450

13 homes are pending sale or under contract, with an average list price of $134,992 Algiers LA 70114 Real Estate

 

Based on the number of homes sold in September (7), there is a 14.85 month supply of homes for sale in the area

Algiers LA 70114 | Number of Homes Sold | September 2009

Algiers LA 70114 Real Estate and Home Sales | September 2009

Year to date, there have been 58 successful single family home sales in the 70114 zip code of Algiers, compared to 89 at the same time last year. This decrease of 35% is one of the largest on the West Bank, making Algiers the hardest hit areas for declining home sales. While reduced sales in Algiers Point have had an impact, the condition of properties being sold is also an issue, with a substantial number of homes in Poor, Fair and Average condition being marketed.

Algiers LA 70114 Real Estate and Home Sales | September 2009

A large percentage of the 2009 sales in the area have been to cash buyers, and a review of those sales indicates that a large number of them are to investors and buyers who are willing to take on a fixer-upper. It remains to be seen if these properties will come back on the market as renovations or if they are being held as rental units and personal residences.

Algiers LA 70114 Real Estate and Home Sales | September 2009

Algiers LA 70114 | Average Home Sale Price | September 2009

Algiers LA 70114 Real Estate and Home Sales | September 2009

Prices have taken a hit as well – they are down 14% from 2008. Although much of this can be attributed to fewer sales in Algiers Point, which typically has the highest priced real estate in the zip code, the large percentage of homes in need of repair is pushing prices downward as well. If you are considering selling your Algiers home, be sure that your agent is pricing it to compete with other homes in the same condition rather than just using the average sale price.

Algiers LA 70114 Real Estate and Home Sales | September 2009

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

Read more at:

Algiers LA homes for sale

Algiers Point real estate market updates

Home Buying Tips

Home Selling Tips

Have a question about buying or selling a home on the West Bank? Contact the West Bank Living Team. It would be our pleasure to assist you with any of your real estate needs.

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Rainer
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David Salvato
David Home Inspection Service Home Inspector San Bernardino - Los Angeles, CA

That looks like it took a lot of time to put together. Good job

Oct 28, 2009 04:09 AM #1
Rainmaker
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Charles McDonald
Charlottesville Real Estate Solutions - Charlottesville, VA
REALTOR®, Blogger, Principal Broker®, Owner

That is one heck of a price range. Hope all is going well for you this year!

your friend in Charlottesville Virginia!

Oct 28, 2009 04:10 AM #2
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Rainmaker
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Lisa Heindel

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