Current real estate activity in Algiers LA 70114 (including Algiers Point)
105 single family homes are for sale
- High list price $389,000
- Low list price $10,000
- Average list price $135,394
- Median list price $110,000
20 homes are under contract or pending sale, priced from $14,900 to $299,000
Based on April sales (6), there is a 17.5 month supply of homes for sale in Algiers 70114
Algiers LA 70114 | Number of Single Family Homes Sold | April 2010
After a spike in March, sales fell off again in April in Algiers. Year to date, there have been 30 single family homes sold in the area, compared to 23 at the same time last year. While a drop in the number of sales is not welcomed, the good news for sellers is that there are more homes being sold this year in the community than in 2009.
Days on market is holding steady just above 100 days for the average home sold. Buried in the numbers is some interesting information for sellers. The average active listing has been on the market for 161 days. The average under contract listing has been on the market for 108 days. The average listing sold in April was on the market for 69 days. This tells me that either price or condition needs to be addressed for those properties that have been on the market for an extended period of time.
Algiers LA 70114 | Average Single Family Home Prices | April 2010
After starting out with a bang in January, single family home prices in the 70114 zip code have been hovering closer to the $110,000 mark for the last couple of months. Because of the strong start, the year to date average sale price is still higher than in 2009.
More about April homes sales in Algiers 70114:
- 33% of the sales were bank owned/foreclosure properties
- 33% of sellers provided some type of closing cost assistance to the buyers
- In a break from the rest of the West Bank real estate market, cash and conventional financing are used in 90% of purchases in the area. This is a reflection of the condition of the majority of the homes sold in the area.
All data provided by GSREIN and is deemed reliable, but not guaranteed
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This article originally published at West Bank Living
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