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New Orleans Real Estate - 2008 in a Nutshell

By
Real Estate Agent with RE/MAX N.O. Properties

New Orleans Real Estate - 2008 recap

2008 was quite the year in real estate.  New Orleans experienced a bunch of interesting things ...not all bad!

I have compiled a few statistics from the year that was 2008 for your enjoyment:

  • In Orleans and Jefferson Parish combined there were 53 sales of over $1,000,000.
  • In Orleans and Jefferson Parish combined there were 10 sales of over $2,000,000.
  • Orleans Parish alone had 40 sales of over $1,000,000.
  • Sold average price per square ranged from a low of $89 in January to a high $121 in June in Orleans Parish.
  • Properties for sale hoovered around 3600 for Orleans Parish and 2700 for Jefferson Parish.
  • 405 properties sold in April of 2008 in Orleans compared to only 179 in September of 2008.

I can find out anything that you may be interested in. If I did not mention a  real estate statistic that you want, give me a call.

You may also be interested in: New Orleans Real Estate - The Definitive Blog

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This New Orleans real estate blog post was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at darrylglade@remax.net or by phone at 504.451.8960. Darryl's real estate office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.

For New Orleans and the metro area real estate info, please see New Orleans Real Estate.

To search New Orleans Properties, please see New Orleans Property Search.

Click here to view Darryl Glade's Real Estate Profile.

Darryl Glade RE/MAX

Comments(2)

Christopher Johnston
The Johnston Team - Metairie, LA

Were these numbers for strictly residential sales or were these combined with commercial? I'm just trying to imagine where there are 53 residential properties over a million let alone those on the market!

Jan 05, 2009 01:50 PM
Darryl Glade
RE/MAX N.O. Properties - New Orleans, LA
New Orleans Real Estate

Chris, the numbers were strictly for residential sales (single family, multi-family, and condos). I will email you a link bringing to each and every one of the 53 sales over a million dollars.

Jan 06, 2009 02:35 AM