Lakeview Residential Real Estate (2nd quarter 2011)

The Lakeview area of New Orleans’ real estate market is increasing in transaction activity.  Both active home listings and sales have continued to rise over the past two fiscal quarters.  This activity is a good sign for the market for both buyers and sellers, indicators point to a rebounding real estate market.  In addition to the increased transaction activity, new home construction in Lakeview is also picking up steam.  To compare the past two fiscal quarter statistics to the information below CLICK HERE.

 

Lakeview and Market Statistics for the 2nd quarter of 2011 (April 1, 2011 to June 30, 2011):

Total Homes on Market (active and sold)=       269  Homes

Single Family Homes Sold =                                  131 Homes

Active Single Family Home Listings=                  103 Homes

Homes Under Contract=                                          26 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	$665,500	222.02	122.2%	1,147
Low	0	0	700	$62,000	24.49	$60,000	29.92	70.8%	0
Average	3	2	2,448	$342,042	140.36	$284,239	129.82	95.41%	107
Median	3	2	2,267	$299,000	142.86	$257,500	137.76	96.2%	72

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price $49,999 or under 0 0 High $1,369,000 $665,500 $50,000 – $74,999 2 45 Low $62,000 $60,000 $75,000 – $99,999 7 44.71 Average $342,042 $284,239 $100,000 – $119,999 3 133.33 Median $299,000 $257,500 $120,000 – $139,999 6 88.5 $140,000 – $159,999 9 64.67 $160,000 – $179,999 8 90 $180,000 – $199,999 15 127.5 $200,000 – $249,999 48 122.29 $250,000 – $299,999 41 100.12 $300,000 – $399,999 68 126.47 $400,000 – $499,999 23 76.74 $500,000 – $749,999 32 102.53 $750,000 – $999,999 5 110.2 $1,000,000 or over 2 122.5 Total 269 107.45

 

Based on information from the Gulf South Real Estate Information Network, Inc. for the period of April 1, 2011 through June 30, 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.”