A 10 Year Review of Holy Cross Home Sales in New Orleans
If there’s a neighborhood in New Orleans that can be considered the next hot thing, you should be thinking Holy Cross. We took a look at the Holy Cross home sales for the last 10 years and the increase in both popularity and prices are nothing short of amazing for a neighborhood that was underwater in 2005.
Average Holy Cross Home Sales Prices
The years post-Katrina were, of course, hard on prices. But, as the cost of living in the sliver by the river rose, buyers began to expand their searches and Holy Cross started a comeback.
Prices slowly increased from 2012 to 2015, and this year appears to be the beginning of a much bigger resurgence in the neighborhood. The 2016 average sale price of $173,761 is a whopping 26.5% higher than just last year.
Supply and Demand in Holy Cross
As prices have risen, the inventory and how long it takes to sell a home have moved around. Supply and demand have fluctuated from a buyer’s market to a seller’s market back to a buyer’s market. As of August 2016, we’ve landed on a fairly balanced market. That said, the time it takes to sell a Holy Cross home has averaged less than 60 days in every month but one this year, even as prices have risen. This is a strong indicator that sales should continue to hold pace through the end of the year.
Key sales stats for 2016
• Low sales price: 617 Forstall St $49,000 Sold 2/29/2016
• High sale price: 6232 Dauphine St $489,000 Sold 4/14/2016
• Average home sold had 3 bedrooms, 2 baths and 1,510 square feet of living area
• Average days on market is 51
Need help buying or selling in Holy Cross? Call us today at 504-327-5303.
Get new listing alerts delivered to your inbox. 23 Results #2428506 | House Listing Courtesy of : LATTER & BLUM, (504) 861-7575 #2425733 | House Listing Courtesy of : REVE, REALTORS, (504) 300-0700 #2436602 | House Listing Courtesy of : RE/MAX Select, (985) 662-5600 #2428767 | House Listing Courtesy of : LATTER & BLUM INC/REALTORS, (504) 948-3011 #2355278 | House Listing Courtesy of : KELLER WILLIAMS REALTY 504-207-2007, (504) 207-2007 #2434616 | House Listing Courtesy of : Amanda Miller Realty, LLC, (504) 302-4610 #2434604 | House Listing Courtesy of : Amanda Miller Realty, LLC, (504) 302-4610 #2419895 | House Listing Courtesy of : Amanda Miller Realty, LLC, (504) 302-4610 #2395540 | House Listing Courtesy of : Southern Real Estate Professionals, LLC, (504) 288-1860 #2436025 | House Listing Courtesy of : NOLA Living Realty, (504) 301-9757 #2416076 | House Listing Courtesy of : Coldwell Banker TEC, (504) 899-4040 #2423480 | House Listing Courtesy of : LATTER & BLUM, (504) 443-6464 3
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SqFt #2416748 | House Listing Courtesy of : REVE, REALTORS, (504) 300-0700 #2385598 | House Listing Courtesy of : Axis Realty Group LLC, (504) 336-3000 #2432940 | House Listing Courtesy of : Audubon Realty, LLC, (504) 831-3111 #2433170 | House Listing Courtesy of : KELLER WILLIAMS REALTY 455-0100, (504) 455-0100 #2395541 | House Listing Courtesy of : Revolution Realty, (504) 309-7224 #2409621 | House Listing Courtesy of : KELLER WILLIAMS REALTY 504-207-2007, (504) 207-2007 #2413901 | House Listing Courtesy of : KELLER WILLIAMS REALTY 4550100, (504) 455-0100 #2422637 | House Listing Courtesy of : Revolution Realty, (504) 309-7224 #2422622 | House Listing Courtesy of : Keller Williams Realty Services, (985) 727-7000 #2427502 | House Listing Courtesy of : Amanda Miller Realty, LLC, (504) 302-4610 #2427417 | House Listing Courtesy of : LATTER & BLUM INC/REALTORS, (985) 641-1000 Real Estate IDX Powered by iHomefinder
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Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy completeness, currency or suitability of the information provided. They specifically disclaim any and all liability for all claims and damages that may result from providing information to be used on the web site, or the information which it contains, including any websites maintained by third parties, which may be linked to this web site.
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NOMAR-GSREIN data last updated at March 18, 2024 6:29 PM CT
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Terms and Conditions: Listings Courtesy of Gulf South Real Estate Information Network. Copyright New Orleans Metropolitan Association of REALTORS®, Inc. All rights reserved. The sharing of the MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited.
Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS®, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy completeness, currency or suitability of the information provided. They specifically disclaim any and all liability for all claims and damages that may result from providing information to be used on the web site, or the information which it contains, including any websites maintained by third parties, which may be linked to this web site.
The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing. The user of this site is granted permission to copy a reasonable and limited number of copies to be used in satisfying the purposes identified in the preceding sentence.
By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.