About New Orleans' English Turn

Current real estate activity in English Turn:

35 homes are currently listed for sale

• High list price $1,799,000
• Low list price $400,000
• Average list price $742,254
• Median list price $649,000

4 homes are under contract or pending sale, priced from $395,000 to $549,000

Based on the number of April home sales (1), there is a 35 month (2.9 year) supply of homes for sale in English Turn

English Turn | Number of Single Family Home Sales | April 2010

With 8 successful home sales this year, English Turn is holding steady with only 1 less sale than at the same time in 2009. It appears that the market in English Turn has stabilized, but at a lower level of sales than in 2005-2007. The single English Turn home sold in April was a smaller residence in the Villas.

While the level of sales seems to be stable, the days on market continues to go up, ending April at 253 days. Active listings have been on the market from 10 to 759 days, with an average of 169 and a median of 95. The higher end homes almost always take much longer to sell, but when they do it causes the average to jump up significantly. The average under contract home was on the market for 179 days.

Run your own report on home values in English Turn

English Turn | Average Single Family Home Prices | April 2010

The average April home sale in English Turn was $410,000, while the year to date average is $493,252. Sales of homes under $500,000 are ruling the market in the subdivision, while higher end homes are a bit more challenging to move.

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

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Current real estate activity in English Turn:

26 homes are for sale

• High list price $1,799,000
• Low list price $400,000
• Average list price $734,962
• Median list price $654,000

6 homes are under contract or pending sale, priced from $394,900 to $1,699,000

Based on the number of March sales (4), there is a 6.5 month supply of homes for sale in English Turn

English Turn | Number of Homes Sold | March 2010

As of the end of the first quarter of 2010, there have been 7 homes sold in English Turn, the same number as sold in the first quarter of 2009. With 6 homes currently pending sale, English Turn has the potential to surpass sales for the last 2 years if they all successfully close.

Days on market is continuing to trend upward as some of the older inventory is sold. The average days on market for active listings stands at 200 days, while the average for homes pending sale is 144 days.

English Turn | Average Home Sale Prices | March 2010

The average home selling price in English Turn so far this year is $505,145, a slight increase over the 2009 average. As of 3/31/10, the most expensive home sold in English Turn was 77 English Turn ($690,000) and the least expensive sale was 4 Fairway Oaks ($385,000).

Get a free report of home listings and sales in English Turn

More about March 2010 English Turn home sales:

• Every seller provided a home warranty to the purchaser
• 1 seller (25%) provided closing cost assistance to the buyer
• There are no foreclosure properties listed in English Turn or sold in the community this year

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

You might also be interested in:

• Home buying tips
• Home selling tips
• Algiers Homes for sale
• West Bank Real Estate Market Statistics

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Originally published at West Bank Living

Current real estate activity in English Turn (New Orleans, LA):

30 single family homes for sale

• High list price $1,799,000
• Low list price $399,000
• Average list price $704,067
• Median list price $549,000

2 homes are under contract or pending sale, priced from $469,000 to $499,000

Based on January sales (2), there is a 15 month supply of homes for sale in Belle Chasse

English Turn | Number of Home Sales | January 2010

English Turn started the year with 2 homes sold in January, surpassing January sales in both 2009 and 2008.

The few bank owned properties in English Turn have sold, so now the rest of the inventory is starting to be cleared. As a result, I anticipate days on market will rise (see the sharp uptick in January) as homes that have been on the market for an extended period of time are sold.

English Turn | Average Home Sale Prices | January 2010

The January average sale price in English Turn was $508,500, up from the 2009 average of $492,938. As we move further into the year, we will have a better handle on whether this is a blip or a trend in the market.

Because of the price range of these luxury homes, conventional financing was used for both purchases. Sellers did not provide any closing cost assistance to the buyers, but 1 seller did provide a home warranty for the purchaser.

Related Articles:

Home buying tips
Home selling tips

Algiers homes for sale

West Bank Real Estate Market Statistics

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For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team. It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Originally published at West Bank Living

Current real estate activity in the English Turn subdivision in New Orleans, LA:

The are 30 homes for sale in English Turn

• High list price $1,995,000
• Low list price $400,000
• Average list price $682,897
• Median list price $549,000

3 homes are under contract or pending sale, priced from $395,000 to $599,000 Based on the number of homes sold in December (2), there is a 15 month supply of homes for sale in the English Turn subdivision

English Turn | Number of Homes Sold | December 2009

English Turn ended 2009 with the exact same number of homes sold as in 2008. While home sales are substantially below the 2005-2007 period, it’s encouraging to see some stabilization in the one of the high end West Bank real estate markets.

How long is it taking to sell English Turn homes?

The days on market for English Turn has taken a dramatic increase in the last couple of years. Remember, this is (1) only an average and (2) only for homes that have actually sold. Some homes in the area have been on the market for an extended period of time without selling yet.

• The longest time for an English Turn home to sell in 2009 was in 776 days.
• The fastest sale time for an English Turn home to sell in 2009 was in 1 day.

English Turn | Average Home Sale Prices | December 2009

Home prices in English Turn have been all over the board this year, with the lower end of the luxury price range selling at a much better rate. This has resulted in a massive drop in average sale prices in the neighborhood, ending 2009 at $492,938.

• The most expensive home sold in 2009 in English Turn was a 6 bedroom, 6.5 bath home with over 8,000 square feet of living area that sold in October, 2009 for $950,000
• The least expensive home sold in 2009 in English Turn was a 3 bedroom, 3.5 bath bank owned home that sold in June, 2009 for $320,000

Because English Turn is outside of the FHA loan limits for financing in the New Orleans area, conventional financing rules, accounting for 73% of the 2009 sales. Only 2 sellers provided any closing cost assistance to buyers in the area, both on homes that sold for less than $425,000.

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

Related Articles:

Home buying tips

Home selling tips

West Bank Market Statistics

---

For more information about home buying or selling on the West Bank of New Orleans, or relocating to or from NAS JRB New Orleans, please contact the West Bank Living Team.

It would be our pleasure to have the opportunity to assist you with any of your real estate needs and have a little fun while doing it!

Current real estate activity in the English Turn subdivision in Algiers LA:

29 homes are for sale in English Turn

• High list price $1,995,000
• Low list price $425,000
• Average list price $700,126
• Median list price $565,766

5 homes are under contract or pending sale, priced from $395,000 to $522,000

Based on the number of homes sold in November (2), there is a 14.5 month supply of homes for sale in the area

English Turn | Number of Homes Sold | November 2009

English Turn continued the up and down cycle of homes sales into November, bringing the year to date number of homes sold to 24. With 5 homes pending sale, I would project that we will match the number of sales made in 2008.

This is actually pretty good news. While the number of sales is down substantially from pre and post Katrina, at least the market in the neighborhood seems to be balancing out at about 25 sales per year….good information for a seller to have when they are determining when (or whether) to put their house on the market.

While there is the occasional quick sale, and the higher end is taking longer, the average English Turn home was on the market for 216 days before selling. That number will change from month to month depending on what’s sold and is subject to some wild swings if a long time listing finds a buyer.

English Turn | Average Sales Price | November 2009

The average home sale price in English Turn dipped again in November, pulling the year to date average down to $497,475, a decrease of over 15.7% from the 2008 average, and marking the lowest prices we have seen in English Turn over the last 5 years.

That does not mean that there are no higher end homes selling, because there are, but the prices of entry level properties in the community have dropped, impacting the average substantially since there are more entry level than luxury homes selling.

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

You may also be interested in:

Algiers LA homes for sale
New Orleans West Bank homes for sale

Home buying tips
Home selling tips

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For professional real estate services on the West Bank of New Orleans, please contact the West Bank Living Team. Dedicated buyer and seller agents are waiting to assist you with any of your real estate needs.