Within Algiers we have so many diverse neighborhoods that a general state of the market report may be misleading to some. 2007 market reports are available for zip codes 70114 and 70131. Getting a little more detailed, here are some of the most popular neighborhoods in the area, along with their 2006 and 2007 sales statistics.
It must be noted that 2006 was a boom year for real estate sales on the West Bank, due to the large number of people relocating after Hurricane Katrina. With our reduced population in the metro area, that sales volume could not be sustained over a long period of time, and decreases in volume were to be expected. The higher sales prices that were commanded in 2006 were a direct reflection of the increased demand for housing in non-flooded areas. Again, as people have settled into different areas, prices have decreased to reflect the lessened demand for housing. Another factor impacting housing sales continues to be the higher cost of home owner’s insurance, with most first time home buyers being placed into policies with LA Citizens (Fair Plan).
Algiers Point
(from Opelousas to the River)
| 2007 | 2006 | |
| # Homes Sold | 24 | 26 |
| Average Sales Price | $267,288 | $290,252 |
| Average Days on Market | 147 | 99 |
** LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year
English Turn
| 2007 | 2006 | |
| # Homes Sold | 42 | 58 |
| Average Sales Price | $588,653 | $594,422 |
| Average Days on Market | 102 | 95 |
**There are no estimates available for homes in this price range for LA Citizens insurance costs
Tall Timbers
| 2007 | 2006 | |
| # Homes Sold | 39 | 52 |
| Average Sales Price | $223,629 | $229,338 |
| Average Days on Market | 118 | 61 |
**LA Citizens insurance costs for an average home are estimated between $4,600 and $5,100 per year
Park Timbers
| 2007 | 2006 | |
| # Homes Sold | 24 | 23 |
| Average Sales Price | $266,965 | $274,322 |
| Average Days on Market | 97 | 49 |
**LA Citizens insurance costs for an average home are estimated between $5,300 and $5,900 per year
Bocage
| 2007 | 2006 | |
| # Homes Sold | 17 | 36 |
| Average Sales Price | $191,100 | $200,617 |
| Average Days on Market | 97 | 79 |
**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year
New Aurora
| 2007 | 2006 | |
| # Homes Sold | 26 | 60 |
| Average Sales Price | $190,658 | $192,720 |
| Average Days on Market | 89 | 65 |
**LA Citizens insurance costs for an average home are estimated between $4,200 and $5,000 per year
Old Aurora
(between Woodland and Sullen)
| 2007 | 2006 | |
| # Homes Sold | 25 | 33 |
| Average Sales Price | $137,891 | $142,236 |
| Average Days on Market | 99 | 66 |
**LA Citizens insurance costs for an average home are estimated between $3,000 and $4,000 per year
Huntlee Village
| 2007 | 2006 | |
| # Homes Sold | 32 | 31 |
| Average Sales Price | $119,374 | $125,227 |
| Average Days on Market | 79 | 52 |
**LA Citizens insurance costs for an average home are estimated between $2,200 and $3,000 per year
This by no means covers every individual area of Algiers. It’s a great community, with so much to offer. If you live in a West Bank neighborhood that you would like to see spotlighted, please feel free to call me or drop me an email, and I’ll get it done!
When buying or selling a home on the West Bank of New Orleans, you deserve professional, local expertise and advice. Lisa Heindel provides full time, professional real estate services to buyers and sellers in Algiers, Algiers Point, Belle Chasse, Gretna, Terrytown, Harvey, Marrero, Westwego and more.
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6 responses so far ↓
Algiers LA (70114) Home Sales 2007 « New Orleans West Bank Real Estate // January 2, 2008 at 12:24 am |
[...] West Bank Real Estate Specialist ← Algiers LA Home Sales 2007 Algiers LA 2007 Neighborhood Home Sales Market Report [...]
Algiers LA (70114) Home Sales 2007 « Algiers Living // January 2, 2008 at 12:29 am |
[...] Algiers LA (70114) Home Sales 2007 Jump to Comments As we close the calendar on 2007 and enter a new year, take a look back at the historical trends for home sales in Algiers, zip code 70114. A more detailed report for the historic area of Algiers Point is available here. [...]
English Turn: January 2008 Home Sale Market Update « New Orleans West Bank Real Estate // February 12, 2008 at 8:24 pm |
[...] 12, 2008 · No Comments I’ve seen a lot of interest in the end of year market reports for Algiers, so I decided to compile the sales information for the English Turn subdivision separately for [...]
English Turn: January 2008 Home Sale Market Update « Algiers Living // February 13, 2008 at 8:21 pm |
[...] 2008 Home Sale Market Update Jump to Comments I’ve seen a lot of interest in the end of year market reports for Algiers, so I decided to compile the sales information for the English Turn subdivision separately for [...]
Algiers LA (70114) Home Sales 2007 | West Bank Living // April 19, 2008 at 1:55 pm |
[...] As we close the calendar on 2007 and enter a new year, take a look back at the historical trends for home sales in Algiers, zip code 70114. A more detailed report for the historic area of Algiers Point is available here. [...]
English Turn: January 2008 Home Sale Market Update | West Bank Living // April 19, 2008 at 5:12 pm |
[...] seen a lot of interest in the end of year market reports for Algiers, so I decided to compile the sales information for the English Turn subdivision separately for [...]