Lakeview New Orleans Homes

The Lakeview area of New Orleans is one of our core area of concentration in developing a comprehensive real estate market analysis for single family residential homes.  Here we are  examining New Orlean’s Lakeview area home sales  and active listings over the past two fiscal quarters.  Home sales and listings in Lakeview have been increasing in number with almost double the amount of activity in the first quarter of 2011 compared to the last quarter of 2010.  The overall supply in the market is rising which may indicate a lowering of prices, but at he same time the average time a home stays on the market is decreasing. In general, New Orleans Lakeview area is still developing at a faster rate that many other areas of New Orleans, and the homes that are being built or restored are a higher value, size and quality that pre Katrina.  Lakeview is poised to be one of the hottest neighborhoods in the metropolitan area, and commercial real estate growth is still on the rise. Tribute Real Estate is continuously updating its real estate market research so that our agents and clients stay up to date with the most relevant and accurate market information.  Contact us today for a free consultation if you are looking to buy or sell a home in Lakeview, or if you are interested in a free home valuation.

 

Lakeview New Orleans, Louisiana Market Statistics from October 1, 2010 to December 31, 2010 (3rd quarter):

Total Homes on Market (active and sold)= 81 Homes

Single Family Homes Sold =                            40 Homes

Active Single Family Home Listings=            41 Homes

	Bdrms	FBaths	Approx Living Area	List Price	LP$/SqFt	Sold Price	SP$/SqFt	SP$/LP$	Days on Market – All Status
High	6	4	5,339	$949,000	238.19	$635,000	222.02	100.7%	1,069
Low	1	1	700	$118,000	51.43	$92,000	55.17	70.8%	0
Average	3	2	2,577	$369,389	145.44	$312,700	136	94.68%	189
Median	3	2	2,406	$325,000	150.86	$273,500	143.16	96.05%	153

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price $49,999 or under 0 0 High $949,000 $635,000 $50,000 – $74,999 0 0 Low $118,000 $92,000 $75,000 – $99,999 1 29 Average $369,389 $312,700 $100,000 – $119,999 1 0 Median $325,000 $273,500 $120,000 – $139,999 1 135 $140,000 – $159,999 2 81.5 $160,000 – $179,999 2 120 $180,000 – $199,999 5 182.8 $200,000 – $249,999 12 191.17 $250,000 – $299,999 13 190.31 $300,000 – $399,999 18 228.11 $400,000 – $499,999 9 237.56 $500,000 – $749,999 15 154.47 $750,000 – $999,999 2 264.5 $1,000,000 or over 0 0 Total 81 189.37

 

 

 

Lakeview New Orleans, Louisiana Market Statistics from January 1, 2011 to March 31, 2011 (1st quarter):

Total Homes on Market (active and sold)= 123 Homes

Single Family Homes Sold =                              37 Homes

Active Single Family Home Listings=             86 Homes

	Bdrms	FBaths	Approx Living Area	List Price	LP$/SqFt	Sold Price	SP$/SqFt	SP$/LP$	Days on Market – All Status
High	6	6	7,722	$1,369,000	308.13	$500,000	180.21	122.2%	1,070
Low	1	1	720	$74,900	24.49	$91,500	29.92	78.1%	0
Average	4	2	2,593	$359,559	140.89	$264,764	127.14	96.11%	148
Median	3	2	2,380	$319,000	141.37	$257,000	135.5	96.2%	84

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price $49,999 or under 0 0 High $1,369,000 $500,000 $50,000 – $74,999 0 0 Low $74,900 $91,500 $75,000 – $99,999 1 29 Average $359,559 $264,764 $100,000 – $119,999 1 63 Median $319,000 $257,000 $120,000 – $139,999 4 84.25 $140,000 – $159,999 4 48.25 $160,000 – $179,999 5 119.4 $180,000 – $199,999 3 346 $200,000 – $249,999 19 131.16 $250,000 – $299,999 21 164.71 $300,000 – $399,999 32 153.72 $400,000 – $499,999 12 160.58 $500,000 – $749,999 17 148.47 $750,000 – $999,999 2 265.5 $1,000,000 or over 2 45.5 Total 123 147.97

 

 

 

 

 

 

Based on information from the Gulf South Real Estate Information Network, Inc. for the period of October 1, 2010 through March 31, 2011. In compliance with Section 13 of the Gulf South Real Estate Information Network, Inc.’s Rules and Regulations as use of “information from MLS compilation of current listing information, from the association‘s statistical report, or from any sold or comparable report of the association or MLS for public mass-media advertising by an MLS participant”…such use… “may not be prohibited.”