This week's market report takes us to the Warehouse District. The first noticeable thing is the lack of inventory with less than three months worth of property on the market. The next thing that is glaring is the huge difference of price per square foot sold ($317) and price per square foot active ($360). That's quite a glaring difference. In this market, buyers need to move extremely quick, while sellers can guarantee a quick sale if they price it right.
Feel free to let me know if you have any questions about the above information. Also, I'm more than happy to assist you in purchasing or selling a home should it be your service area.
Here's a look at the schedule for our upcoming market reports for Orleans Parish.
Mar. 7 - Garden District
Mar. 14 - Broadmoor
Mar. 21 - Uptown
Please view our neighborhood market data on Thursday, Mar. 7, 2013
Please join us for our next blog installment on Monday, Mar. 4, 2013
Your source for New Orleans Real Estate
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247
The news in our area has been talking of the great strides New Orleans has made since the disaster.
Feb 28, 2013 12:37 AM
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