Hot New Orleans Neighborhoods :: February 2018

Most Popular New Orleans Neighborhoods

The rankings have changed some since we looked at the most popular New Orleans neighborhoods in October.

New Orleans East led the pack in the under $100,000 price range, with 12 of the 35 homes sold in this price range. Sold prices ranged from a low of $36,525 to a high of $97,500. Median days on market in this range was just 18 days. The majority of the homes in this price point were in Average, Fair, or Poor condition.

The lowest priced New Orleans home sold in October was 2519 Memorial Park Drive in Algiers. In fair condition, it went for just $34,500.

The East also claimed the top spot in the most popular $100,000-$200,000 price range, with 15 of the 48 homes sold. 14 of those were in excellent or very good condition, so it takes the top spot for affordable, move in ready homes.

new orleans neighborhoods

Moving into the $200,000-$300,000 price range, there were a total of 46 homes sold, widely spread across the entire city. But the winner was Algiers, with 9 homes sold in February.

The $300,000-$400,000 bracket was taken by the Warehouse District/CBD with 6 of the 42 homes/condos sold. The Bywater was a close second with 5 sales.

Lakeview held the $400,000-$500,000 title, with 4 of the 27 sales in this bracket. However, the general Uptown market, stretching from the Lower Garden District to Audubon and spread across several neighborhoods, is the clear area of preference for buyers in this price range when you look at the map.

In the luxury market (over $500,000) most sales were in Lakeview. Throw in the Navarre neighborhood and you’ll find a big cluster from City Park Avenue up to the lake. But the Uptown areas below St. Charles Avenue are holding strong, with sales near Audubon Park doing well.

There were 8 sales of $1mm+ homes in February.  The most expensive property sold in the city was at 1649 Joseph Street. Clocking in at over 8,000 square feet of living area, it sold for $3,400,000.

 

 

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