New Orleans, LA Real Estate News

By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Many, many years ago (28 to be exact), my wonderful husband and I were married right here on the West Bank, at Algiers United Methodist Church.  I remember the sun streaming through the stained glass windows on that hot June afternoon in 1980, long before we ever dreamed we would have 4 children, 2 dogs, a cat, a mortgage, car notes and all of the other grown up responsibilities that come with being...well, grown up (which is completely overrated, by the way)                                           In typical New Orleans fashion, we still live in Algiers, just a stone's throw from the houses we were both raised in only 4 blocks from each other.  While lots of couples choose to travel to celebrate their wedding anniversaries, we chose to stay local.  With dinner reservations at that Ne...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
    This is part of a recent article on colors of homes in the New Orleans area and how unique many of the homes and condos are.  I have added some of my photos to give you some ideas of the variety.  Historic New Orleans is blessed to have many such neighborhoods.  Sometimes change is not good.  We should be glad to have such a colorful city. New Orleans Condo Trends Blog for more         Of course someone is  going to go overboard, its like having that Uncle who listens to a different drummer and sees what others do not.   They too are accepted as the norm in many areas of town.      "Basically, it's a fairly inoffensive color, easy to paint over, makes decorating very easy and generally no one has an objection," Sciortino said. "In my opinion, it is rather lackluster and everyone has...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
Tracking how people get to my website allows me to see, in detail, exactly what kind of information consumers are looking for about West Bank real estate.  Recently, I had a website visitor that came to me by way of a search for "louisiana property disclosure vs. as-is".  I figure that if one person asked that question, then there are other folks out there wondering the same thing.   FIRST, it is important to point out that under Louisiana law, sellers (with few exceptions) are required to provide a property disclosure, whether they are selling the property "as is" or not.  Disclosing or selling "as is" is not a one or the other decision.   Unless you are one of the few who meet the state mandated exceptions, you MUST provide a disclosure to all purchasers.  The law applies equally to t...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
While I'm celebrating my wedding anniversary this weekend, here are some fun things for you to do!   Gretna Farmer's Market Every Saturday from 8:30 am - 12:30 pm under the Market on Huey P. Long Avenue, between 3rd and 4th Streets.  Featuring local produce, art, music, crafts and more, it's a great way to start your weekend!     Make-A-Wish Benefit The Make-A-Wish foundation is the recipient of proceeds from a benefit being held at the West Bank Elks Lodge at 900 Monroe Street in Gretna.  The party will be rocking from 5 -10 pm on Saturday with food, live auctions, raffles and live music.   Don't forget about children's crafts every Saturday morning at 10:30 in the Children's Wing of the West Bank Regional Library on Manhattan Blvd., a cool start to these hot summer days!  Or, you can ...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
One of the great historic treasures of New Orleans is back to full form...the streetcar line is now complete! Riders can now take the streetcar from Carrollton and Claiborne all the way down to Canal Street.  I think that this is a very big deal.  It is just another sense of normalcy that we have been able to reclaim in New Orleans since Katrina.  Businessess along the newly reopened line should hopefully see a spike in business as more people will be coming through their areas. On Saturday, June 28th there will be a number of events celebrating the return of the streetcars along the route.  One such event has to do with New Orleans Real Estate! Local Realtors will be holding numerous open houses in the area.  So if you are in the market or are simply curious take the streetcar and pop ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
It's already past the middle of June, time to take a look at the New Orleans West Bank real estate market.  What's hot and what's not?     Algiers Algiers, LA 70131- June 2008 Real Estate Absorption Rates Algiers, LA 70114- June 2008 Real Estate Absorption Rates Algiers Point, LA- June 2008 Real Estate Absorption Rates English Turn- June 2008 Real Estate Absorption Rates     Gretna and Terrytown Gretna, LA 70053- June 2008 Real Estate Absorption Rates Terrytown and Gretna, LA 70056- June 2008 Real Estate Absorption Rates         The Rest of the West Bank Belle Chasse, LA- June 2008 Real Estate Absorption Rates Harvey, LA 70058- June 2008 Real Estate Absorption Rates Marrero, LA- June 2008 Real Estate Absorption Rates Westwego, Avondale and Bridge City, LA- June 2008 Real Estate Absorpti...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
The weekend weather looks to be pretty typical for a New Orleans summer...hot with a chance of afternoon showers which makes it pretty steamy afterwards!  Here are a few suggestions for things to do on the West Bank this weekend:   Gretna Farmer's Market With all of the recent news about salmonella in tomatoes, there's never been a better time to go to the local farmer's market and pick up those Creoles that are not a part of the scare.  The market will be open on Saturday from 8:30 to 12:30 on Huey P. Long Avenue, between 4th and 5th Streets in Gretna.     Calling all actors! Were you born to grace the stage?  Do you act, sing and love the roar of the crowd?  The Jefferson Parish Performing Arts Society will be holding auditions for the 2008-2009 season.  Adult auditions are by appoint...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
According to an article in Money magazine, New Orleans ranks the 6th best real estate market in the country.  Well, if you live in the New Orleans metro area, you've probably already heard this news.  Ray Nagin, our Mayor, used this statistic in his state of the city address.  The article also inspired an article in our local newspaper, The Times-Picayune.  Kate Moran, real estate writer for the Picayune, wrote the article that ran this past Saturday titled "New Orleans tops National Housing List."  While the article is spot on in its reporting, the real star of the article is....yours truly! Take a quick look at the article and you will see that I was quoted! Ah yes, Hollywood here I come! As always, please give me a call with all of your New Orleans real estate needs. ________________...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
I love selling West Bank real estate...I really do. But my favorite thing in the entire world is the beach.  I loooooove the beach.  I love to spend the day lying on a towel on the sand with a good trashy murder mystery paperback and an ice chest full of Diet Coke, listening to the waves roll in.  I've been lucky enough to lay on beaches in Mexico, Jamaica, Grand Cayman and the Dominican Republic.  Sadly, an out of the country excursion just wasn't meant to be this year.  Instead, we packed the car with kids, Grandma, towels, sunscreen and trashy murder mystery paperbacks and in less than a full tank of gas made the quick and easy 3 1/2 hour drive to Gulf Shores, Alabama for a week of rest and relaxation.                         It's hard to unplug from the work world and at first I was...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
  Warehouse District Market Update                             Warehouse District Condos Update- Summer of 2008      Business has really taken off in the last month.  There is a natural turnover of unit this time of year.  Its a favorite place for young professionals starting new careers and well as medical students, residents, and other college students looking for places.  The rental market has become rather tight making it harder to find reasonable rentals.  The second home buyer has also come back into the market especially for second home buyers in the last 8 weeks.     The second home buyers this year are opting for the two bedroom in the 300k range.  The second home condo buyers are looking for units that have been updated, have amenities and have parking or parking easily acces...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
New Orleans second homes, New Orleans Condos fit the bill in the French Quarter, Warehouse District and Uptown. Buyers returning!      Second home buyers are returning to the New Orleans Real Estate market in the Spring and Summer of 2008.  Several Years ago second homes were mainly to be found in the New Orleans French Quarter.  Now the Warehouse District and Uptown are also favorite spots depending upon the lifestyle that the buyer desires.  The prices remain most expensive in the French Quarter, then the Warehouse District and then in the Uptown area of New Orleans.  Condos have been the choice for most second home purchasers.      This was not the case the past 2 years following Katrina.  Now all of a sudden people are aggressively looking in the areas where they want to be.  Prices...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
This month's best performing area on the West Bank was the City of Gretna, which showed a huge improvement from the April numbers.  For details about home sales in your West Bank community, please read the following reports:   Algiers, LA 70131- May 2008 Home Sales and Real Estate Market Report Algiers, LA 70114- May 2008 Home Sales and Real Estate Market Report Algiers Point- May 2008 Home Sales and Real Estate Market Report English Turn- May 2008 Home Sales and Real Estate Market Report       City of Gretna, LA- May 2008 Home Sales and Real Estate Market Report Terrytown and Gretna, LA- May 2008 Home Sales and Real Estate Market Report         Belle Chasse, LA- May 2008 Home Sales and Real Estate Market Report Harvey, LA- May 2008 Home Sales and Real Estate Market Report Marrero, LA- ...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate Market Report (Condos) April 2008 This report focuses on Condos in New Orleans. April 2008 - 893 condos for sale in New Orleans. April 2007 - 955 condos for sale in New Orleans. 47 condos sold in New Orleans in April 2008. 59 condos sold in New Orleans in April 2007 . The average price for sold condos was $277,000 in April 2008. The average price for sold condos was $256,000 in April 2007. The average days on market for sold condos was 128 in April 2008 The average days on market for sold condos was 91 in April 2007. New Orleans Real Estate (Condos) Report March 2008 You may also be interested in: New Orleans Real Estate - The Definitive Blog ______________________________________________________________ This New Orleans real estate condo market report was provid...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate Market Report - April 2008 This report focuses on Single Family Homes. April 2008 - 2020 properties for sale in New Orleans. April 2007 - 2463 properties for sale in New Orleans. 249 properties sold in New Orleans in April 2008. 287 properties sold in New Orleans in April 2007 . The average price for sold properties was $199,000 in April 2008. The average price for sold properties was $196,000 in April 2007. The average days on market for sold properties was 101 in April 2008 The average days on market for sold properties was 88 in April 2007. New Orleans Real Estate - Market Report Feb. 2008 You may also be interested in: New Orleans Real Estate - The Definitive Blog ______________________________________________________________ This New Orleans real estate mark...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
I have sold a lot of  condos in The Cotton Mill Condos in the New Orleans Warehouse District.  Sales seemed to be stagnant for the last 2-3 months.  In the last 3 weeks a lot of the units have sold.  From first hand experience we have sold 4 condos in the last 10 days.  Lost one in a bidding war that had been on the market for at least 6 months. The Cotton Mills Update June 2008     You have several that will not sell at their current prices but the ones that were well priced and updated have been moving briskly.  You can call this a selling streak as real estate is still very seasonal in nature.   All of a sudden people are there to purchase!!! New Orleans Condo Trends.      Of the 29 units for sale this month , 14 units are under contract that I know about today.  There are several go...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Part 8 - Home Buying Guide - Closing This is Part 8 of my exclusive New Orleans Real Estate Home Buying Guide. Welcome to my final installment of my New Orleans Real Estate Home Buying Guide! WooHoo! This is the part when you sign on the dotted line and get the keys to your new house. I guess it is a bit more complicated than that...but it is a very straight forward process. So what goes in to a closing? In New Orleans, we typically use a title company to execute our closings. Most lawyers are able to complete a closing but the title companies are so well versed in real estate closings that their rates are typically much cheaper. How do you choose a title company? Your buyer's agent will have knowledge of the local title companies and will be able to suggest th...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
This Sunday, June 1st, is the official start of the 2008 Atlantic hurricane season, which means that all of the talking head newscasters will be predicting doom and gloom for the entire Gulf Coast region until November.  There will be footage from Katrina played over and over again and "experts" will give their opinions on how active they think the storm season will be.  Since they are rarely correct, I can't figure out how they get this gig year after year. Most of us now have those plastic tubs filled with all of the things we would want to bring with us in the event of an evacuation of the city.  Family photos, marriage licenses, school records.  Maybe even a pre-paid credit card or some cash stashed away (you do remember that ATMs don't work when there is no power, right?).     One ...
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By Darryl Glade, New Orleans Real Estate
(RE/MAX N.O. Properties)
New Orleans Real Estate - Part 7 - Home Buying Guide - Inspections This is Part 7 of my exclusive New Orleans Real Estate Home Buying Guide. Congratulations! We have found your perfect home and negotiated a great contract. You are now under contract! Now what...? You have already begun the financing process so keep that train moving by letting your lender know that you are under contract. After that, we have inspections to complete. The inspection clock in ticking. In New Orleans, we typically have around 14 calendar days to complete our inspections. Remember, the inspection process is very important because if you find something completely wrong with house, you can get out of the contract...you won't be able to if you find things wrong after the inspection period. When you buy a piece ...
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By Lisa Heindel, New Orleans Real Estate Broker
(Crescent City Living LLC)
I spend so much time living, breathing and writing about West Bank real estate that sometimes I forget one of the most unique cities in the world lies just a few short miles from my front door.  So it was fantastic to spend Saturday night in downtown New Orleans on date night with the hubby and another couple of friends. We started with cocktails at a downtown loft, just down the street from Lucy's, an iconic New  Orleans bar that is great for people watching.  Sitting on the rooftop patio, we could see other downtown dwellers outside on their patios too...grilling dinner, visiting with friends or just enjoying the evening breeze.  Note to self:  a small loft might be just the ticket to keep any of the kids from moving back home.   The wonderful thing about downtown New Orleans is that ...
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By Eric Bouler, Listening to your Needs
( Gardner Realtors, Licensed in La.)
The sales and interest in the French Quarter have begun to pick up in the last 8-10 weeks.  The better units are beginning to sell.  There has been a lull in sales since Katrina as many of the condos are used for second homes and weekend retreats for the locals.  Now people are looking again as the prices have moderated. You can visit my blog and iste to get some more details. 1228 Royal Street Blog.        The Condo unit #7 we just listed is one that is priced right and ready to be sold.  There a 6 units under 200k with a minimum of 500 sq. ft., getting below this number you are getting a motel room sized unit.  None are on one of the Quarters most famous streets as is this one.  Everyone knows you will not buy the first one you see but this one should be seen and shown.  It may fit yo...
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