New Orleans Housing Stats

By
Real Estate Broker/Owner with Nick Galiano Realty
New Orleans Housing Stats
This week we are going to take a look st some interesting housing stats for New Orleans East Bank over the last six months. This includes all properties (single family, multi-family, vacant land & condos) in all conditions (excellent to poor) over that time period.

Here's how homes were bought.

42% - conventional loans
41% - cash
10% - FHA loan
1% - VA loan
.005% - Bond for Deed
.005% - Owner Financing
The graph below shows the quantity of homes sold in a given price range along with the days on market.
Price RangeQuantityAverage DOM SummaryList PriceSale Price$49,999 or under  High $50,000 - $74,999  Low $75,000 - $99,999  Average $100,000 - $119,999  Median $120,000 - $139,999 $140,000 - $159,999 $160,000 - $179,999 $180,000 - $199,999 $200,000 - $249,999 $250,000 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000 - $749,999 $750,000 - $999,999 $1,000,000 or over Total
294 160.69$2,995,000 $2,555,000
121 114.85$3,500 $0
93 110.1$270,971 $256,819
72 133.07$199,000 $190,000
101 133.78
101 117.8
89 87.55
77 66.52
178 83.3
150 77.61
217 65.81
139 74.69
132 75.3
39 79.54
40 88.73
1,843 101.47


The chart below shows the number of listings and when sold. A remarkable 40% of all listings sell within the first 30 days.

 0-30 Days31-60 Days61-90 Days91-120 DaysNo. of Listings Breakdown % Avg % SP/LP
745 290 188 119  
40.42% 15.74% 10.2% 6.46%  
97.27% 92.78% 92.78% 90.65%  


housing-stats.jpg


The average sales price over the last six months:

Dec. 2012 - $246,190
Jan. 2013 - $255,316
Feb. 2013 - $267,575
Mar. 2013 - $281, 865
Apr. 2013 - $286,339
May 2013 - $294,379

As you can see, the average price of properties continues to increase in value every month. I always find housing stats pretty interesting and the New Orleans market continues to go up and up.

Please join us for our next blog installment on Monday, June 17, 2013
Please view our neighborhood market data on Thursday, June 13, 2013

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New Orleans Real Estate

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Nick - Thank you for the very good information about New Orleans, Luisiana housing stats.

Jun 10, 2013 09:38 AM #1
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Rainer
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