I’m a fan of Leonidas. Pronounced (lee-ahn-EYE-dis). Or (lee-AHN-i-dis). Or (lee-AHN-druss), for some reason. Mindy and I were one bad inspection away from calling it home. For years, you couldn’t talk to a Realtor about Leonidas without the new Lycée Français high school coming up. And, for years, you could drive by the old (Don’t...
Somebody get Wolf Blitzer. We have breaking news. Buyer demand in March spiked to record levels, with more pending sales in Orleans Parish than we’ve seen in any prior month. Here’s how March pending sales numbers look compared to the last ten years. If you throw 2020 out as a COVID outlier, April sees the...
When I walked in the front door to talk with the owner about listing this incredible property in the 7th Ward, I just about passed out. Just press the play button and you’ll understand. The Bernard Villa, as it’s called, began in the 1860s as a citrus plantation. It’s a classic, double-parlored center hall with...
These stats reports have sounded like a broken record. Inventory is historically low, demand is high and prices keep going up. In January, the record keeps on skipping when it comes to inventory and demand. But when it comes to prices, it looks like the market is finally catching its breath. Once again, the number...
Krewe of Red Beans’ response to the COVID crisis continues to blow me away. First, they rolled out Feed the Front Line NOLA, which paid our local restaurants to feed front line medical workers. Feed the Second Line NOLA supported the younger culture bearers of New Orleans by employing them to deliver food to the...
The biggest real estate story of 2020 was the lack of inventory all over the country. New Orleans certainly played its part, with new listings off only slightly from 2019, and a surge of buyer demand gobbling them all up. But as challenging as things are for buyers in Orleans Parish, they’re exponentially more difficult...
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...
