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 | |
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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 | $319,300 | 161.67 | 95.2% | 138 |
Price Analysis Report |
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Uptown New Orleans, Louisiana Market Statistics from January 1, 2011 to March 31, 2011 (1st quarter):
Total Homes on Market (active and sold)= 375 Homes
Single Family Homes Sold = 128 Homes
Active Single Family Home Listings= 169 Homes
Homes Under Contract= 78 Homes
Bdrms | FBaths | Approx Living Area | List Price | LP$/SqFt | Sold Price | SP$/SqFt | SP$/LP$ | Days on Market – All Status | |
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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 |
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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.”