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New Orleans, LA Real Estate News

By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
    Today was Mardi Gras in New Orleans. The weather was great and the crowds were great. Went to the same spot to view the REX parade that we have been going to for at least 30 years. Its a family atmosphere and a great place to watch and catch. Actually the Parades have been rolling for about two weeks.  A great kick off to the Spring of 2009.  Here are a couple of post cards from New Orleans.     Got about 250 photos of this and that. Its another view of New Orleans away from Bourbon Street.
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
  Today is Lundi Gras in New Orleans...the day before Mardi Gras.  For years when I was growing up, it was a day with no parades, a chance to rest up before the big celebration taking place tomorrow all around the city and the suburbs.  Now, it's a different story, with one of the biggest parades rolling tonight as the Krewe of Orpheus (founded by Harry Connick Jr.) parades through downtown and uptown.  Throughout the city there will be parties, live music and tons of folks packing their ice chests to spend the entire day outside tomorrow...or, if you're like me, it takes sustenance to ride on a float! Yesterday (known locally as Bacchus Sunday) was one of the biggest days leading up to Fat Tuesday, with 4 parades back-to-back through Uptown New Orleans.  While it was a long day, we wer...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Disclose, disclose, disclose.  This is an agent's mantra when advising sellers during the process of listing their home.  Hiding defects is not only foolish (since the home inspector will more than likely find it anyway) but deliberately withholding information about defects in the property is also fraud.  So, what happens if you are just careless in filling out the required Louisiana property disclosure? Let me tell you a quick story. A young lady purchasing her first home contacted us recently.  She had very specific criteria for what she was looking for, from the number of bedrooms and bathrooms to the neighborhoods she was interested in.  One of her hot button issues was the flood zone.  She was adamant that any home she purchased must be in flood zone B or flood zone X and did not ...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - How to Choose Paint Colors We all have heard that paint colors can effect people psychologically. So how can we use that information to best sell our New Orleans Real Estate? Realtor magazine just put out a very interesting article on people's color preferences and psychological responses. The following information was taken from that article and The Rohm and Haas Paint Quality Institute. Red: Increases energy and heart rate, creates excitement, and stimulates the appetite. BEST FOR: DINING ROOMS Orange: Adds comfort, warmth, and cheerfulness, but too much can bring about feelings of cautiousness. BEST FOR: LIVING ROOMS and FAMILY ROOMS Yellow: Brightens mood and promotes welcoming and joyful feelings; increases positive thinking. BEST FOR: HALLWAYS Green: Most...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Good News! All you have to do is turn on the tv, computer, radio and you are inundated with negative news. The sky is falling! Well, ok, things are not very good around the country and world right now. But, there may be a glimmer of hope when it comes to real estate in New Orleans! There have been two separate articles written recently that are positive about New Orleans. Both were in the Times Picayune and both show the New Orleans Real Estate market in a positive light. The first one spoke about the 4.4% average rise in value for single family homes in New Orleans and the second spoke about how New Orleans is in the top 8 in the nation in population increase.Take a look at both articles:New Orleans 4.4% appreciationPeople moving to New Orleans I think this is...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate (Condos) Market Report January 2009 This market report focuses on Condos in New Orleans. January 2009 - 705 condos for sale in New Orleans. -19.6% January 2008 - 877 condos for sale in New Orleans. 15 condos sold in New Orleans in January 2009. -57.1% 35 condos sold in New Orleans in January 2008 . The average price for sold condos was $264,000 in Jan. 2009. 4.8% The average price for sold condos was $252,000 in Jan. 2008. The average days on market for sold condos was 126 in Jan. 2009. 7.7% The average days on market for sold condos was 117 in Jan. 2008. You may also be interested in: New Orleans Real Estate - The Definitive Blog ______________________________________________________________ This New Orleans real estate condo market report was provided by Darryl...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate Market Report January 2009 This market report focuses on Single Family Homes. January 2009 - 1838 properties for sale in New Orleans. -9.2% January 2008 - 2024 properties for sale in New Orleans. 110 properties sold in New Orleans in Jan. 2009. -40.9% 186 properties sold in New Orleans in Jan. 2008 . The average price for sold properties was $202,000 in Jan. 2009. 17.4% The average price for sold properties was $172,000 in Jan. 2008. The average days on market for sold properties was 105 in Jan. 2009. 18% The average days on market for sold properties was 89 in Jan. 2008. You may also be interested in: New Orleans Real Estate - The Definitive Blog ______________________________________________________________ This New Orleans real estate market report was provide...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
I'm seeing the sun peeking in and out of the clouds and crossing my fingers and toes and arms and eyes and everything that I have two of that the weather will hold out for the parades on this big West Bank Mardi Gras weekend.  During each parade, the Gretna Heritage Festival is sponsoring live bands at the corner of Franklin Avenue and the West Bank Expressway in the City of Gretna.  The Bucktown All-Stars perform tonight at 7:00 pm, Aaron Foret is tomorrow at noon, and the Top Cats are playing at 1:00 pm on Sunday. The Krewe of Cleopatra will kick off the season with their parade tonight that starts at 6:30 pm in Algiers with 17 floats and the theme "It's Five O'Clock Somewhere" to go along with floats decorated with different cocktail themes such as Margaritaville and Mai Tai.  This i...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
What is the Difference in Condo and a Town-Home ? How do you Know?      A condo can be a town-house in style!  A condo is legally where you do not own the ground but have common ownership of the common areas.  A condo however can be have a town-house style concept.  This is where the units are two stories.  The the bedrooms are generally upstairs.  The downstairs has a large den, kitchen, and dining area on the first floor.  A  town-home in a legal sense is where you do own the  grounds and each owner is responsible for his or her upkeep and paying insurances on his own unit.       Condos have all the shared expenses of the upkeep and are able to have multiple amenities as a result of sharing.  The condo fees pay for the common or shared amenities.  Many times an individual would not be...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
     The Cotton Mill Condos in the New Orleans Warehouse District continues to be one of the better buys when looking in the under 200k market.  Transformed from apartments in 2004 into condos have been a great buy for the first buyers.  Many of the units now have their own personnel touches and updates done by the first buyers. It sells due to Warehouse and Historic feel along with the many amenties that are availiable. There are always some good buys so it pays to pay attention.   Update 2009,  The Cotton Mill Condos continue to be a favorite in today's market.  Its one of the condo complexes in the Warehouse District where you can get some unit below 200k and right above for some nice units that will feel much larger than they area.  Many of units have been updated and changed by the...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - How to Choose Paint Colors We all have heard that paint colors can effect people psychologically. So how can we use that information to best sell our New OrleansReal Estate? Realtor magazine just put out a very interesting article on people's color preferences and psychological responses. The following information was taken from that article and The Rohm and Haas Paint Quality Institute. Red: Increases energy and heart rate, creates excitement, and stimulates the appetite. BEST FOR: DINING ROOMS Orange: Adds comfort, warmth, and cheerfulness, but too much can bring about feelings of cautiousness. BEST FOR: LIVING ROOMS and FAMILY ROOMS. Yellow: Brightens mood and promotes welcoming and joyful feelings; increases positive thinking. BEST FOR: HALLWAYS Green: Most...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate  - Top 5 Kitchen and Bath Features Buyers Want Most Realtor magazine can sometimes be a treasure trove of great information.  This month's issue discussed the top 6 kitchen and bath features buyers want most.  They generated this list by using statistics from the 2007 NAR Profile of Buyers' Home Feature Preferences.  I'm sure that these numbers have changed slightly over 2008 but my guess is that they are basically still the same.  Take a look and maybe this information will give you a better idea on what types of updates you may want to consider. 36% want a separate shower enclosure in master bath 31% want an eat-in kitchen 24% want high-end appliances 23% want Granite countertops 21% want a kitchen island You may also be interested in: New Orleans Real Estate -...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
Selling your Condo! What are the Upgrades you have done! How do they compare to the competition?       When pricing a condo knowing your upgrades is more important than ever.  This is becoming a bigger and bigger factor for the buyer and the seller.  Many buyers are asking the sales price as to when you purchased the unit as they should do.  It is therefore best to be able to detail the positive changes that you have made while you have owned the unit.  Remember you are competing for the sale.       You should be able to detail the items costing more than $500 and the various cost associated with the upgrades.  Buyers and many agents do not know the cost of the things they are looking at.  Think about appliances, a-c system, cabinets, light fixtures, flooring. recent painting, and so on...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
In a real estate environment marked by falling sales and prices, the 70114 zip code in Algiers is bucking the trend with an increase in the number of homes sold in 2008.  Take a look at how the year ended up for the area. Current real estate statistics for Algiers LA 70114: 87 active listings, priced from $29,900 to $699,000 5 pending sales (but still being shown) priced from $50,000 to $372,000 13 homes are under contract, priced from $53,946 to $185,000 The average list price is $155,549 The median list price is $125,000 Based on December 2008 sales, there is a one year supply of homes for sale in Algiers 70114 Note: These statistics include all of 70114.  A separate report breaks out Algiers Point home sales Algiers LA 70114 - Number of Homes Sold 2008 As mentioned above, the 70114 z...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Finally, the doors are closed on 2008. Let's take a look back at the real estate market in Algiers LA 70131 and how it stacked up against the other West Bank communities. Current real estate statistics for Algiers LA 70131: 188 active listings, priced from $48,552 to $895,000 6 pending (but still showing), priced from $50,000 to $299,950 22 homes are under contract, priced from $16,000 to $285,000 The average listing price is $193,534 The median listing price is $171,950 Based on December 2008 sales (16), there is almost a year of inventory in Algiers (70131) Algiers LA 70131 - Number of Homes Sold 2008 Algiers zip code 70131 ended 2008 with a total of 216 successful home sales, down 32% from the number sold in 2007. This drop in sales is one of the highest on the West Bank, which saw a...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
What does New Orleans have in common with Washington DC, Chicago, Santa Fe, Denver and others? It's been named one of the 15 coolest North American cities by msn.com, and rightfully so. After all, what other city in the U.S. can rival New Orleans with its rich history, stunning architecture and gourmet dining? While the typical visitor takes in the sights and sounds of the French Quarter and eats their way through the city until they are ready to pop the buttons off of their pants, residents know that New Orleans and the surrounding areas have so much more to offer. Cultural Events. Did you know that New Orleans is home to the oldest American opera association? Or that if you've heard enough jazz for the day, you can take in a performance by the symphony? If you prefer a little dancing ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
English Turn took a big hit in sales in 2008 as the market for luxury homes on the West Bank took a nosedive. Take a look back at the market fluctuations for the year. Current real estate statistics for English Turn subdivision in Algiers LA: 36 active listings, priced from $415,000 to $1,595,000 1 pending sale (but still showing) priced at $369,900 2 homes are under contract, priced from $649,000 to $759,000 The average listing price in English Turn is $675,047 The median listing price in English Turn is $598,500 Based on December 2008 sales, there is a one year supply of homes for sale in English Turn English Turn - Number of Homes Sold 2008 English Turn closed out 2008 with a total of 26 sales for the year - a little over 2 homes per month on average. The number of closed sales was d...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Algiers Point Home Sales for 2008 Current real estate statistics for Algiers Point: 19 active listings, priced from $149,900 to $699,000 1 pending sale (still being shown) priced at $372,000 2 homes are under contract, priced from $75,000 to $185,000 The average listing price in Algiers Point is $276,531 The median listing price is $219,000 Based on December 2008 sales (3), there is a 6 month supply of homes for sale in Algiers Point Algiers Point - Number of Homes Sold 2008 At the beginning of 2008, I was very concerned about the lack of activity in Algiers Point. The Point was one of the very few areas of the West Bank that did not see an explosion in the number of home sales in 2006 after Hurricane Katrina, more than likely due to the almost 20% increase in prices in the community. T...
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By KARIN SMITH, BROKER/REALTOR
(SMITH REALTY GROUP)
Information subject to change New Orleans Parade Schedule: Saturday, February 7th - Krewe de Vieux -French Quarter 6:30pm Friday, February 13th - Krewe of Oshun - Uptown 6:00pm Friday, February 13th - Krewe of Pygmalion - Uptown 7:00pm Saturday, February 14th - Krewe of Pontchartrain - Uptown 2:00pm Saturday, February 14th - Mystic Krewe of Shangri-LA - French Quarter 2:00pm Saturday, February 14th - Kinights of Sparta - Uptown 6:00pm Saturday, February 14th - Krewe of Pegasus - Uptown 6:45pm Sunday, February 15th - Krewe of Carrollton - Uptown 12:00pm Sunday, February 15th - Krewe of King Arthur - Uptown 1:15pm Sunday, February 15th - Mystic Krewe of Barkus - French Quarter 2:00pm Wednesday, February 18th - Ancient Druids - Uptown 6:00pm Thursday, February 19th - Knights of Bablylon - ...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
Selling and Showing your New Orleans Condo? What works and what does not? Taking good photos is key ! January 21st, 2009 Categories: Selling your Condo       When selling your condo in today's tough New Orleans market you need to have as much going for you as possible.  Taking good photos and conveying them to the buying public is a key ingredient to getting your adverstised and condo sold.  This is because most people start their search on the Internet looking at different sites on company sites or feeds that the agents send them.  Seeing the condo is what people want and they have many to search through.          This is much more important in condos as few people will call you off the sign.  Condo buyers are more likely Internet shoppers  due to the demographic and the fact many view...
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