Current real estate statistics for Algiers LA 70131 as of 12/3/2008:
- Note: These numbers exclude home sales in English Turn
- 184 Active listings, priced from $22,000 to $895,000
- 3 pending sales (still showing), priced from $55,000 to $128,000
- 25 homes are under contract, priced from $19,900 to $269,000
- Average listing price: $200,095
- Median listing price: $176,750
- Based on November sales, there is a 14.9 month supply of homes for sale in Algiers (70131)
Algiers LA 70131 November 2008 Number of Homes Sold
Of the 36 pending sales reported at the beginning of November, only 13 made it to a successful closing. As buyers become more educated about being preapproved, I’m not finding financing to be as much of an issue as the condition of properties. Homes with hidden problems are continuing to cause buyers to walk away and continue their search among the large selection of homes to choose from.
With the number of homes being sold in Algiers down significantly from previous years, I’m reminding sellers that they are facing some stiff competition and their homes need to be in the best possible condition before they go on the market.
Algiers LA 70131 November 2008 Average Home Sales Prices
November average sales in Algiers bumped back up again, but 2008 is still looking like it will end with average values somewhere between 2004 and 2005 prices. In my opinion, it’s the perfect time for home buyers in Algiers…rates are low, mortgages are still available and I’m predicting that when the Federal City is complete we will see rising values in the community.
All data provided by GSREIN and is deemed reliable, but not guaranteed.
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If you are considering buying or selling a home in Algiers, please contact Lisa Heindel. It would be my pleasure to assist you.
Copyright 2008. Lisa Heindel and West Bank Living. All rights reserved.
