Average Algiers Sold Prices
Algiers New Orleans home prices saw a pretty significant increase in 2014, rising by almost 15% from 2013. This is good news for home sellers who bought post-Katrina and have been upside down on their mortgages. Those folks have been stuck in their homes, unable to sell them for enough to pay off their loans and move on to another place.
Data provided by GSREIN
Other Algiers Home Prices
The news is not as good for English Turn and the Lower Coast of Algiers. Average sale prices dropped by almost 7% from 2013 to 2014 after holding steady for a couple of years.
Data provided by GSREIN
2015 Algiers New Orleans Home Prices
Given the big rises we’re seeing in average prices on the East Bank, I expect that demand will grow for the more affordable real estate on the West Bank, including Algiers. While my crystal ball is broken, I project that we will see another 10% or so in increased average prices for homes in excellent condition.
