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...
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...
Our Chevrolet Nova with vinyl seats and no air conditioning mercifully deposited us at our new home in August of 1977. My dad, mom, two older brothers, and I survived the drive from Albany, NY to a suburb of Detroit. Our sanity wasn’t as fortunate. Undaunted, we ran to the front door, thew it open,...
In January, the median price of a home in Orleans Parish dropped for the third month in a row. I’d posted that it looked like the market might be catching its breath. Well, it took off running again in February. The median price bounced all the way up to $324,000, wiping out the previous months’...
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...
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...
