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Park Timbers Real Estate Update :: New Orleans Neighborhoods

April 17, 2017 By Crescent City Living

Park Timbers New Orleans LA

Park Timbers Real Estate and Home Sales

After a 2016 dip in Park Timbers real estate prices, the spring is showing a lot of promise for homeowners in this Algiers neighborhood.

Average 2017 sold prices have risen by 25% over 2016. While it’s still early in the year, it’s a trend we are noticing in several West Bank neighborhoods, since East Bank prices have risen beyond affordability for many New Orleans home buyers.

Park Timbers Real Estate and Home Values

Park Timbers Inventory and Days on Market

There have been only 3 homes sold so far this year, compared to an average of 2 per month in 2016, so the number of sales is lagging behind – but not for long. 10 new listings have hit the market since January, and 5 of them are already under contract.

Days on market has been creeping up as well, currently sitting at an average of 73 days from listing to accepted offer.

Park Timbers real estate - days to sell 2017

 
 

Park Timbers Real Estate for Sale

[static_listings id=’38736′]

Filed Under: Uncategorized

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Disclaimer: Multiple Listing Data provided at CrescentCityLiving.com is deemed reliable but not guaranteed. It is good practice to verify all information with a Real Estate Licensee before taking any action based upon this data. Listing data is made available for the use of consumers interested in the acquisition of real property only. Use of this data for any other purpose is strictly forbidden without the written consent of the Gulf South Real Estate Information Network.

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