New Orleans French Quarter Condo Sales
We last looked at French Quarter condo sales back in September of 2014, so it’s past time to take an updated look at the changes in this most historic real estate market in New Orleans (if not in the U.S.).
Average French Quarter Condo Prices
Over the last 12 months, the average sale price for a condo in the Quarter was $411,086. The median sale price was $360,000.
During the same period from 2014-2015, the average sold price was $450,336 and the median sold price was $342,000.
Number of French Quarter Condos Sold
On average, between 7 and 8 units per month have been sold in the Quarter over the last year. Compare that to the number of available listings (88 as of 10/27/16), and it’s definitely a buyer’s market right now.
Other things to know about recent sales
- Lowest sold price: 727 Barracks #6 (loft with 270 sq ft) sold in 43 days for $130,000 or $481.48 per square foot
- Highest sold price: 1218 Decatur (1 bed, 1.5 baths, 2681 sq ft) sold in 2 days for $1,495,000 or $557.63 per square foot
- The average list price is $431,825 or $521,71 per square foot
- Average time to sell is 97 days