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Monthly Absorption rate in New Orleans - 06/21/10 03:17 PM
Have you ever heard the term "Absorption Rate?" It is actually a pretty helpful bit of information when analyzing the real estate market. Absorption Rate = The rate at which properties are sold in a specific area.
New Orleans Absorption Rate If you take a look at the graph, you can see that over the past year or so, the absorption rate (months of inventory) typically hovers around 7.8 to 9.5. This tells us that if no new houses came on the market, it would take around 7.8 to 9.5 months to sell the remaining inventory of homes. As a (1 comments)
Have you seen this design video? - 06/21/10 03:15 PM
Great use of space! Take a look at the video below. There are all sizes and shapes of homes in New Orleans. NOLA real estate offers so many unique housing opportunities to live in a historic home. Often, we change older floor plans to accommodate our more modern conveniences. This can result in a beautiful transformation. Sometimes, the renovation can result in a space that an owner calls "wasted space." They just do not know how to use the space. Well, if you happen to have a room in your house or a certain space in your condo that you just (0 comments)
Curious about the Real Estate market in New Orleans? Here is the May 2010 market report for New Orleans. This NOLA market report focuses on single family homes. May 2010 - 1813 houses for sale. -2.4% May 2009 - 1858 houses for sale. 232 houses sold in New Orleans in May 2010. 26.1% 184 houses sold in New Orleans in May 2009. The average price for sold houses was $272,000 in May 2010. 36.7% The average price for sold houses was $199,000 in May 2009. The average days on market for sold houses was 93 in (0 comments)
NOLA condo market report (May 2010) - 06/14/10 01:41 PM
Curious about the New Orleans condo market? Here is the May 2010 condo market report for New Orleans. This New Orleans Real Estate Market report focuses on condos. May 2010 - 619 condos for sale. -13.8% May 2009 - 718 condos for sale. 48 condos sold in New Orleans in May 2010. 29.7% 37 condos sold in New Orleans in May 2009. The average price for sold condos was $265,000 in May 2010. 7.7% The average price for sold condos was $246,000 in May 2009. The average days on market for sold condos was 127 in May 2010. -0.8% (0 comments)
Homeowner Equity in New Orleans - 06/09/10 02:52 PM
This New Orleans Real Estate Blog post is about homeowner equity. I just read an interesting article from the National Association of Realtors on the subject. The article outlined the average amount of equity that homeowners in New Orleans, Metairie, and Kenner Louisiana have. First of all...What is homeowner equity? Most simply it is the difference between the fair market value and the amount of liens held on the property. According to NAR, if you: Purchased the property in 1989: $113,492 in equity Purchased the property in 1994: $100,941 in equity Purchased the property in 1999: $66,068 in equity Purchased the (1 comments)
You think your house leans? Well, take a look at this... - 06/09/10 02:48 PM
Today's New Orleans Real Estate blog post is about leaning houses. I'm sure that you have driven around New Orleans and have seen houses that seem like they are about to fall over. Well, they are not as bad as the new tower that was recently completed in the United Arab Emirates. Ok, so the new building was intentionally built to lean, but it is cool nonetheless. Read the article at cnn.com.
Photo from cnn.com This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at firstname.lastname@example.org or by (2 comments)
Top 5 Questions to ask a Contractor - 06/09/10 02:46 PM
This New Orleans Real Estate Blog post will cover the 5 most important questions that you should ask of every contractor that you interview. There is a lot of work in New Orleans right now. In fact, you might be considering renovating your own home. So, what are the questions that you should ask? Is your bid an estimate or fixed price? Most people assume that the bid is a fixed price...but it actually may be simply an estimate. If you want a fixed price but the contractor says there are too many unknowns to create a bid, you should ask (0 comments)
Does Your Home Stink? - 06/08/10 02:17 PM
This New Orleans Real Estate Blog post focuses on odor's preventing the sale of your home. Is it possible that the smell of your home is preventing you from selling? I've been in a number of homes for sale here in New Orleans that have very strong odors. Every time there is strange or bad smell it is the first thing I notice. According to The Sense of Smell Institute, smell can affect a person's mood. Here are a few simple tips (from Realtor Magazine): Take the trash out - Never leave a full trash can during a showing. In fact, (4 comments)
Top 5 Money Saving Ways to "Green" Your Home in New Orleans - 06/08/10 02:14 PM
Today's New Orleans Real Estate Blog post is about easy ways to "Green" your home. So here's the deal, I am not interested in starting a global warming or climate change discussion. What I want to do is give home owners 5 easy ways to help them reduce their utility bills. Basically, helping you save money is the priority and a great side benefit is that you will also be helping the environment. Everyone wins! Here are my 5 easy suggestions: 1. Try to adjust your thermostat - Nearly half of your home's energy consumption is from cooling and heating. Try (1 comments)
5 Unique Condo Developments in New Orleans - 06/08/10 02:11 PM
Today's New Orleans Real Estate Blog post is about 5 interesting condo developments in New Orleans There are a number of very interesting condo complexes in the New Orleans area. I thought that I would highlight 5 of them on this New Orleans real estate blog post. I do not necessarily have any listings in any of the complexes, but I thought listing them could be very helpful. If any of them catch your eye just let me know and I can find out if there are any units that meet your criteria. 1. Exposition Blvd Condominiums - Created 2 years (0 comments)
$1500 Energy Efficient Tax Credit - 06/08/10 02:08 PM
Interested in receiving tax credits for making your New Orleans home energy efficient? Need help determining what green project to take on in your home? Take a look at the following link. It has an interactive feature that lets you roll over certain objects and click on them for more information. Energy efficiency tax credits You may also be interested in: New Orleans Real Estate ______________________________________________________________ This New Orleans real estate condo market report was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at email@example.com or by phone at 504.451.8960. Darryl's office is conveniently located in (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.