English Turn, Algiers LA: 2008 Home Sales Year in Review

By
Real Estate Broker/Owner with Crescent City Living LLC Licensed LA RE Commission
English Turn took a big hit in sales in 2008 as the market for luxury homes on the West Bank took a nosedive. Take a look back at the market fluctuations for the year.

Current real estate statistics for English Turn subdivision in Algiers LA:

  • 36 active listings, priced from $415,000 to $1,595,000
  • 1 pending sale (but still showing) priced at $369,900
  • 2 homes are under contract, priced from $649,000 to $759,000
  • The average listing price in English Turn is $675,047
  • The median listing price in English Turn is $598,500
  • Based on December 2008 sales, there is a one year supply of homes for sale in English Turn

English Turn - Number of Homes Sold 2008

English Turn Home Sales 2008

English Turn closed out 2008 with a total of 26 sales for the year - a little over 2 homes per month on average. The number of closed sales was down 39.5% from 2007, well above the 23% decline seen on average across the West Bank ending with the lowest number of sales we've seen in the last 5 years.

English Turn Home Sales 2008

English Turn - Average Home Sale Prices 2008

English Turn Average Home Sale Prices 2008

The average English Turn home sold for $590,365 in 2008, down just slightly from 2007, but continuing the trend towards lower sale prices that we have observed in the last couple of years. In a continuation of last year's trend towards lower prices, 10 of the 26 sales (38%) were for less than $500,000.

That's not to say that no one is buying high end properties, only that the pool of potential buyers is much smaller than in the past, so it's important to be sure that your home is being exposed to the largest number of buyers in the market and is properly prepared before going on the market. Getting Your Home Sold in This Market - 10 Steps to Success According to Professional Home Stagers

In 2008, there were 5 sales between $500-600k, 6 sales between $600-$700k and 5 sales of homes $700,000 and up, with the most expensive English Turn home being sold for $1,210,000.

English Turn Average Home Sale Prices 2008

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

Interested in selling your English Turn home? Contact Lisa Heindel. It would be my pleasure to help you put together the marketing plan that your home deserves.

Contact Lisa Heindel What's My Home Worth? Find out here - FREE

Copyright 2009. Lisa Heindel and West Bank Living. All rights reserved.
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