Current real estate activity in Algiers LA 70131:
197 homes are for sale in the 70131 zip code (excluding English Turn)
- High list price $895,000
- Low list price $35,000
- Average list price $178,774
- Median list price $152,000
32 homes are under contract or pending sale, priced from $27,500 to $429,000
Based on the number of homes sold in November (12), there is a 16.4 month supply of homes for sale
Algiers LA 70131 | Number of Homes Sold | November 2009
Sales in Algiers took a dip in November, bringing the year to date number of homes sold to 194, an average of 17.6 homes per month. If that average holds, we will end the year just slightly below the 2008 total.
The average days on market as of 11/30/2009 was 124, but don’t count on selling in that amount of time….the longest a home was on the market before selling this year was a whopping 935 days (over 2.5 years).
FHA loans continue to be the most popular financing option for buyers, making up 39% of the sales in Algiers this year, with conventional loans coming in second at 26%. The surprise in the numbers below is the small amount of VA loans given the proximity of Algiers to NAS JRB New Orleans. As the Federal City moves closer to completion, I would anticipate seeing an increase in the number of military buyers in the area.
Algiers LA 70131 | Average Home Sale Price | November 2009
Your particular neighborhood may be performing differently, so get this week’s free market snapshot for an up to date report on listings and sales in your area.
The West Bank Living Team provides professional real estate services to home buyers and sellers on the West Bank of New Orleans. It would be our pleasure to assist you with any of your real estate needs.