Real estate markets have a seasonal rhythm to them. New Orleans is no exception. Since most people don’t want to put their home on the market during the holidays, and buyers are too busy celebrating with their families to bother looking, the year starts out slow. The number of new listings hits its peak in...
I was pulling up some charts for a conversation with a buyer who’s been talking about “waiting for prices to go down” when I came upon this one. This is the median sales price for all residential properties in Orleans Parish since January 2010: There are brief, small dips — they look more dramatic...
In a city full of unique properties, this one stands out. I was looking at listings in the 7th Ward when this one caught my eye. How could it not? Inside the beautiful, mural-adorned walls is…a completely renovated church. You wouldn’t think a church can easily convert to a residence, but this one absolutely could....
I spent some time with the November stats (I’m pretty crazy like that), and while the lack of inventory is getting all of the attention, the story of our real estate market is demand. Buyers are continuing to take advantage of these ridiculous interest rates and absorbing the new listings soon after they hit the...
“Your home is the biggest investment you’ll ever make.” Next to, “Location, location, location…” it’s the most overplayed, old-school real estate cliche there is. It’s also true for most of us, but it’s treated so differently than your other investments. If you have a 401K or any other investment account, you can log into your portal...
The October numbers were finally made available, and this seller’s market is getting even more so. The median sold price in Orleans Parish hit an all-time high of $325,000. Here’s a look at prices over the last 5 years. While the median sold price hit a new high, the median days on market hit...
Many of us take note of Veterans Day because banks are closed and we don’t get mail. We carefully word a social media post expressing our gratitude to those who have served in the military and then move on with our day off. For some reason, last year was different for me, and I’m grateful that it was....
I love that searching for homes in New Orleans leads to so many, “What the…?” moments. For instance, I was looking through Algiers Point and saw a $750,000 listing close to Opelousas Avenue. I clicked on it, and…wow! Wait. What?!?!? From the property description: “Warehouse houses a vintage Rolls Royce & Bentley collection that is...
A chimp, Shoeless Joe, Babe Ruth, suicide, the Black Pelicans, and a civil rights boycott. When it comes to stories, baseball and New Orleans both deliver. I was at the corner of Tulane and Carrollton when I saw a historical marker for Pelican Stadium. “Cool. I never knew there was old ballpark here. I’ll look...
I confess to having a soft spot for Lake Terrace. In addition to the aquatic attractions of the lake and the bayou, there are some wonderfully weird houses in that neighborhood, and I love wonderfully weird houses. Here’s Exhibit A. Built in 1958, it’s solidly mid-century. I have no idea how you furnish a house...
