French Quarter Condo Sales Trends in New Orleans
April 2014 saw average French Quarter condo sale prices at their highest over the last 16 months. At the end of April, the average sale price was $446,125 and the median sale price was $422,500.
At 4/30/2014, the average price per square foot for French Quarter condos was just under $400, making it some of the most expensive real estate in the city of New Orleans, especially when you consider that the average sold unit had just 1 bedroom.
Days on Market
The 1st and 2nd quarter of 2013 saw days on market for condos averaging more than 120 days. Since the 3rd quarter of 2013, that number has consistently dropped, ending April 2014 at just 48 days.
Interested in buying or selling a French Quarter condo? Contact us at 504-327-5303 and we will be happy to help.