Current real estate activity in Algiers LA 70114:
105 single family homes are currently for sale
- High list price $389,000
- Low list price $16,900
- Average list price $140,214
- Median list price $113,400
15 homes are pending sale or under contract, priced from $10,000 to $239,900
Based on the number of homes sold in February (6), there is a 17.5 month supply of homes for sale in Algiers
Algiers LA 70114 | Number of Single Family Homes Sold | February 2010
As of February 2010, there have been a total of 13 single family homes sold in the 70114 zip code of Algiers. While 13 may not seem like a lot, the number of sales is up from 7 at the same time in 2009 – a 86% increase in the number of sales year over year.
Most of this increase can be attributed to investors purchasing property in the area, indicated by the number of sales of homes in Poor or Fair condition that were purchased with cash.
Days on market has dropped to 87 for sold homes. However, the average active listing has been on the market for 151 days, so I expect to see this number increase as we move further into the year.
Algiers LA 70114 | Average Single Family Home Prices | February 2010
Average home sale prices in the 70114 zip code dropped substantially from January to February, but the year to date average is still higher than what we saw in 2008 and 2009. We have recently seen a slight increase in calls and inquiries about homes in Algiers Point, so I’m hopeful that this trend leads to an increase in sales as well.
What impacted Algiers home sales in February?
- 2 homes were in Excellent condition, 1 home was in Average condition, and 3 homes were in Poor condition
- 2 homes (33%) were bank owned or foreclosed properties
- 1 seller provided closing cost assistance to the buyers
- No sellers provided a home warranty
All data is provided by GSREIN and is deemed reliable, but not guaranteed
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Originally published at West Bank Living
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