Lakeview New Orleans LA | 2012 Home Sales and Real Estate Report

Lakeview New Orleans

 

Lakeview New Orleans Home Sales – 2012

Lakeview ended 2012 on a high note, with both an increase in the number of homes sold and in the average sale prices in the neighborhood.

The average home sold in Lakeview in 2012 had 3 bedrooms, 2 baths, 2357 square feet and a final sales price of $344,318 or $147.89 per square foot. Average sale prices increased by 8.81% in 2012. The most expensive home sold was $1,151,500, up 41% from the 2011 high sale price of $815,000.

Average Lakeview Home Prices, New Orleans LA

 

Price per square foot increased as well. The average in 2011 was $132 per square foot. It increased over 12% in 2012, ending the year with an average sale price of $148 per square foot.

Average price per square foot in Lakeview, New Orleans LA

Is Lakeview Experiencing a Seller’s Market?

It sure seems to be. More homes are selling faster and for higher amounts than the year before. An amazing 45% of home sales in Lakeview in 2012 happened in less than 30 days. The fact that the good houses go fast is even more evidenced by the 30% of sales that occurred in 10 days or less. Buyers who are interested in purchasing in the area can’t sit around and wait when they see a home they like or it may not be there when they are ready to make an offer.

Average days on market for real estate, Lakeview, New Orleans LA

 

Do you need assistance in buying or selling a Lakeview home? Please contact us today and we’ll be happy to help.

 

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