Uptown New Orleans Home Sales and Active Listings Statistical Report: 3rd quarter 2010 through 1st quarter 2011

Tribute Real Estate specializes in compiling residential real estate market research for the Uptown area of New Orleans.  Our agents and technology platforms compile the most comprehensive and relevant real estate market analysis for single family residential homes throughout Uptown.  The following information focuses on Uptown New Orleans’s home sales  and active listings from the third quarter of 2010 to through the first quarter of 2011.  The report shows an  increase in the number of home sales and listings.  The overall supply of homes for sale more than double over the last two fiscal quarters, however, the average time that a home is active on the market before it sells is decreasing.  While the residential areas of Uptown that did not flood are strong, many homes in Uptown still need to be renovated from hurricane Katrina.  Some of these flooded homes are being sold for such low prices that pure statistical analysis does not always paint the most accurate picture of the true market conditions.  This is why Tribute Real Estate provides its Uptown clients a unique market analysis for their specific needs.  Contact us today for a free consultation if you are looking to buy or sell a home in Uptown New Orleans, or if you are interested in a free home valuation.

 

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

Total Homes on Market (active and sold)= 206 Homes

Single Family Homes Sold =                                  103 Homes

Active Single Family Home Listings=                  71 Homes

Homes Under Contract=                                           32 Homes

 

	Bdrms	FBaths	Approx Living Area	List Price	LP$/SqFt	Sold Price	SP$/SqFt	SP$/LP$	Days on Market – All Status
High	13	14	13,369	$3,450,000	497.3	$2,300,000	387.73	127.2%	1,458
Low	1	0	650	$29,500	25	$21,000	27.1	60%	0
Average	3	2	2,688	$523,429	171.11	$423,763	164.51	93.48%	161
Median	3	2	2,150	$332,500	157.69	$319,300	161.67	95.2%	138

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price $49,999 or under 7 246.57 High $3,450,000 $2,300,000 $50,000 – $74,999 7 123.14 Low $29,500 $21,000 $75,000 – $99,999 8 238.63 Average $523,429 $423,763 $100,000 – $119,999 5 182 Median $332,500 $319,300 $120,000 – $139,999 9 208.22 $140,000 – $159,999 5 244.4 $160,000 – $179,999 5 159.6 $180,000 – $199,999 9 105.22 $200,000 – $249,999 18 93.33 $250,000 – $299,999 23 236.78 $300,000 – $399,999 29 130.83 $400,000 – $499,999 17 127.59 $500,000 – $749,999 29 122.93 $750,000 – $999,999 14 146.43 $1,000,000 or over 21 196.14 Total 206 160.54

 

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

Total Homes on Market (active and sold)= 375 Homes

Single Family Homes Sold =                                    128 Homes

Active Single Family Home Listings=                169 Homes

Homes Under Contract=                                             78 Homes

	Bdrms	FBaths	Approx Living Area	List Price	LP$/SqFt	Sold Price	SP$/SqFt	SP$/LP$	Days on Market – All Status
High	13	14	13,369	$3,750,000	482.09	$2,100,000	336.05	150.8%	1,458
Low	0	0	639	$19,900	9.97	$20,000	18.23	60.7%	0
Average	3	2	2,629	$491,095	168.14	$406,349	157.83	94.19%	120
Median	3	2	2,100	$349,000	164.39	$340,000	162.71	94.7%	86

 

 

Price Analysis Report

Price Range Quantity Average DOM Summary List Price Sale Price $49,999 or under 15 180.43 High $3,750,000 $2,100,000 $50,000 – $74,999 16 106.69 Low $19,900 $20,000 $75,000 – $99,999 11 208.73 Average $491,095 $406,349 $100,000 – $119,999 7 164 Median $349,000 $340,000 $120,000 – $139,999 16 155.38 $140,000 – $159,999 10 133.1 $160,000 – $179,999 15 68.53 $180,000 – $199,999 12 85 $200,000 – $249,999 28 79.75 $250,000 – $299,999 35 175.06 $300,000 – $399,999 59 102.98 $400,000 – $499,999 43 88.88 $500,000 – $749,999 54 95.44 $750,000 – $999,999 22 122.23 $1,000,000 or over 32 161.22 Total 375 119.84

 

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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.”