New Orleans Real Estate - Market Report - Lakevew - 1/10/13

By
Real Estate Broker/Owner with Nick Galiano Realty
New Orleans Real Estate - Market Report - Lakevew Lakeview3a.JPG

We cycle back through Orleans Parish and specifically the Lakeview neighborhood in this week's market report. Lakeview is one of the hottest markets in the New Orleans Area with an average days on market hovering around two months. The 30-day trend of 144 days on the market is quite interesting. It seems like the lack of inventory is having buyers go after properties that have sat for a while. The sold price per square foot is also down during this span, so maybe sellers were in the holiday spirit. Nevertheless, Lakeview is truly a seller's market if the price is 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.

We head back to Orleans Parish next week. Here's a look at the schedule for our upcoming market reports.

Jan. 17 - Lakeshore
Jan. 24 - French Quarter
Jan. 31 - Marigny/Bywater
Feb. 7 - Gentilly
Feb. 14 - New Orleans East
Feb. 21 - Mid-City
Feb. 28 - Warehouse District
Mar. 7 - Garden District
Mar. 14 - Broadmoor
Mar. 21 - Uptown

Please view our neighborhood market data on Thursday, Jan. 17, 2013
Please join us for our next blog installment on Monday, Jan. 14, 2013

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