Current real estate activity in the English Turn subdivision in New Orleans, LA:
The are 30 homes for sale in English Turn
- High list price $1,995,000
- Low list price $400,000
- Average list price $682,897
- Median list price $549,000
3 homes are under contract or pending sale, priced from $395,000 to $599,000 Based on the number of homes sold in December (2), there is a 15 month supply of homes for sale in the English Turn subdivision
English Turn | Number of Homes Sold | December 2009
English Turn ended 2009 with the exact same number of homes sold as in 2008. While home sales are substantially below the 2005-2007 period, it’s encouraging to see some stabilization in the one of the high end West Bank real estate markets.
How long is it taking to sell English Turn homes?
The days on market for English Turn has taken a dramatic increase in the last couple of years. Remember, this is (1) only an average and (2) only for homes that have actually sold. Some homes in the area have been on the market for an extended period of time without selling yet.
- The longest time for an English Turn home to sell in 2009 was in 776 days.
- The fastest sale time for an English Turn home to sell in 2009 was in 1 day.
English Turn | Average Home Sale Prices | December 2009
Home prices in English Turn have been all over the board this year, with the lower end of the luxury price range selling at a much better rate. This has resulted in a massive drop in average sale prices in the neighborhood, ending 2009 at $492,938.
- The most expensive home sold in 2009 in English Turn was a 6 bedroom, 6.5 bath home with over 8,000 square feet of living area that sold in October, 2009 for $950,000
- The least expensive home sold in 2009 in English Turn was a 3 bedroom, 3.5 bath bank owned home that sold in June, 2009 for $320,000
Because English Turn is outside of the FHA loan limits for financing in the New Orleans area, conventional financing rules, accounting for 73% of the 2009 sales. Only 2 sellers provided any closing cost assistance to buyers in the area, both on homes that sold for less than $425,000.
All data is provided by GSREIN and is deemed reliable, but not guaranteed
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