English Turn, Algiers LA: February 2009 Real Estate Market Report and Home Sales

English Turn real estate market activity

45 active listings, priced from $415,000 to $1,595,000
Average list price is $678,528
Median list price is $599,000
7 homes are under contract or pending sale, priced from $361,900 to $699,000
Based on February sales, there is a 15 month supply of homes for sale in English Turn

English Turn – Number of Homes Sold

English Turn ended February 2009 with 3 closed sales, marking the first homes sold in 2009 in the community. This puts the area right on par with the number of sales at this time last year.

The number of pending sales is up from 7 in January to 8 at the end of February. As listing prices continue to drop slightly from month to month, I expect to see an increase in activity on the lower end of the price range in the area for the spring.

English Turn – Average Home Sale Prices

The average home sale price in English Turn for February 2009 was $535,000, below the 2008 average sale price of $590,365. Of course, it only takes a couple of higher end sales to impact the average, so keep an eye on those over $750,000 homes.

We’ve been getting more calls about homes in English Turn lately and I believe it’s due to the fact that luxury living is becoming just a little more affordable as a larger number homes have sold below $500,000 in the last year.

Questions? Feel free to call Lisa Heindel at (504) 616-6262 or Terri Babineaux at (504) 258-5178.

Are you considering buying or selling a home in English Turn? Contact the West Bank Living Team for local, professional real estate advice. It would be our pleasure to assist you.

Posted Friday Mar 06