Thanks to the holidays, December is never a good month for inventory. But even for a December, the number of homes for sale in Orleans Parish last month was…allow me to use a fancy real estate term…gross. Our market is at a tipping point, and there are a couple things happening that will sort themselves...
I want to make you all aware of some unusual things happening in regards to homeowners insurance since Ida’s visit to southeastern Louisiana. First, my buyers have been seeing wild differences in quotes after going under contract on a property. Some of it depends upon the neighborhood, which is not new, but some of the...
Mindy and I were just talking about how September was incredibly weird. It felt like the entire month never happened. Our real estate market followed suit. All the stats that reflect market activity dropped substantially in September. After Ida, sellers had neither the interest nor the time to put their homes on the market. Take...
Flood insurance is a big deal in New Orleans, and some substantial changes are being made to the program starting October 1st. (There is a last-second bill in the Senate looking to delay the implementation until next year.) Premiums will be going up for the vast majority of us, but the details are pretty confusing....
First and foremost, I hope this post finds you all safe and well. The last few weeks have been physically and emotionally draining, to say the least. As we move forward on the road of recovery from Ida, let’s take a look at what the August stats tell us about the New Orleans market, and...
Home prices in New Orleans decided a five month bender was enough. The median price of a home in Orleans Parish had increased 24% from February through June. That’s not healthy or sustainable. As if to prove that point, July’s median price fell 8%. No, this does not mean buyers can start throwing low-ball offers...
The bus our New Orleans real estate market has been on this year just pulled into Crazytown. The median price of a property sold in Orleans Parish last month was $362,000 — a 25% jump since January. That’s the fifth straight month with an increase, something we haven’t seen since 2008. June also set the...
I just finished updating the market information for all 48 neighborhoods in my listing map of New Orleans. You’ll see these stats when you hover over each of the neighborhoods in the desktop version of the site. Freshening up these numbers gives me great information to track how prices are moving all over the city....
Once again, inventory – or lack thereof – is the story of our New Orleans real estate market. For the sixth month in a row, and for the 12th time in the last 13 months, the number of homes for sale in Orleans Parish dropped in April. Let’s put this in perspective: there were more...
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...
