New Orleans East Real Estate
New Orleans East Real Estate Snapshot
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Real Estate in
New Orleans East
and Other Areas
- Like Lakeview, much of New Orleans East was destroyed by flooding following Hurricane Katrina.
- Rebuilding isfar along, witnessed by increasing sales of renovated homes.
-
There are few multi-family homes on the market in New Orleans East, and condos are even more uncommon.
Recent New Orleans East Real Estate Prices
Homes Listed in Very Good or Better Condition
Sold Between July 1, 2011 and December 31, 2011
| Average Price |
Maximum Price |
Minimum Price |
Average $/SqFt |
Maximum $/SqFt |
Minimum $/SqFt |
Number Sold |
|
|---|---|---|---|---|---|---|---|
| Single Family Homes | $151,849 | $365,000 | $39,000 | $74 | $115 | $27 | 96 |
| Multi-Family Homes | $118,500 | $122,000 | $115,000 | $46 | $47 | $46 | 2 |
| Condos | 0 |
Yearly Average Sales Prices of New Orleans East Homes
Single Family Homes Listed in Very Good or Better Condition
January 1, 1994 through December 31, 2011
New Orleans East Real Estate Prices - Single Family Homes
| Year | Very Good or Better Condition | Poor to Average Condition | All Sales | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | |
| 1994 | $87,942 | $44 | 307 | $65,360 | $37 | 85 | $83,045 | $43 | 392 |
| 1995 | $86,085 | $46 | 278 | $68,399 | $39 | 77 | $82,249 | $45 | 355 |
| 1996 | $95,503 | $50 | 238 | $67,192 | $42 | 84 | $88,118 | $48 | 322 |
| 1997 | $104,862 | $52 | 249 | $71,088 | $42 | 99 | $95,254 | $49 | 348 |
| 1998 | $107,082 | $56 | 226 | $68,791 | $45 | 101 | $95,255 | $53 | 327 |
| 1999 | $114,513 | $60 | 209 | $76,225 | $47 | 85 | $103,444 | $56 | 294 |
| 2000 | $128,502 | $65 | 198 | $78,790 | $47 | 92 | $112,731 | $59 | 290 |
| 2001 | $118,434 | $66 | 205 | $85,984 | $51 | 88 | $108,688 | $62 | 293 |
| 2002 | $123,613 | $70 | 211 | $88,319 | $51 | 83 | $113,649 | $65 | 294 |
| 2003 | $137,467 | $76 | 273 | $103,333 | $58 | 87 | $129,218 | $71 | 360 |
| 2004 | $147,058 | $79 | 260 | $102,706 | $59 | 99 | $134,827 | $74 | 359 |
| 2005 | $163,360 | $83 | 173 | $115,293 | $68 | 54 | $151,925 | $80 | 227 |
| 2006 | $128,012 | $84 | 33 | $79,578 | $35 | 231 | $85,632 | $41 | 264 |
| 2007 | $158,952 | $88 | 105 | $72,306 | $34 | 470 | $88,128 | $44 | 575 |
| 2008 | $171,963 | $87 | 121 | $74,324 | $34 | 232 | $107,792 | $52 | 353 |
| 2009 | $161,787 | $84 | 170 | $76,052 | $34 | 143 | $122,617 | $61 | 313 |
| 2010 | $161,458 | $79 | 112 | $76,473 | $34 | 79 | $126,307 | $60 | 191 |
| 2011 | $148,068 | $72 | 119 | $70,046 | $32 | 94 | $113,636 | $55 | 213 |
New Orleans East Real Estate Prices - Condos
| Year | Very Good or Better Condition | Poor to Average Condition | All Sales | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | |
| 1994 | 0 | $9,800 | $12 | 2 | $9,800 | $12 | 2 | ||
| 1995 | $18,750 | $15 | 2 | $25,000 | $19 | 2 | $21,875 | $17 | 4 |
| 1996 | $31,231 | $28 | 3 | $17,933 | $14 | 3 | $24,582 | $21 | 6 |
| 1997 | $56,783 | $32 | 2 | $20,145 | $20 | 2 | $38,464 | $26 | 4 |
| 1998 | 0 | 0 | 0 | ||||||
| 1999 | $54,580 | $39 | 5 | $6,000 | $5 | 1 | $46,483 | $34 | 6 |
| 2000 | $64,500 | $46 | 2 | $32,000 | $27 | 2 | $48,250 | $37 | 4 |
| 2001 | $64,071 | $42 | 7 | $53,600 | $37 | 3 | $60,930 | $41 | 10 |
| 2002 | $73,300 | $51 | 5 | $46,689 | $35 | 3 | $63,321 | $45 | 8 |
| 2003 | $72,667 | $52 | 3 | $69,900 | $50 | 1 | $71,975 | $51 | 4 |
| 2004 | $83,179 | $49 | 7 | $44,000 | $40 | 2 | $74,472 | $47 | 9 |
| 2005 | $99,000 | $63 | 2 | $55,000 | $28 | 1 | $84,333 | $51 | 3 |
| 2006 | 0 | $33,100 | $23 | 4 | $33,100 | $23 | 4 | ||
| 2007 | $90,000 | $66 | 1 | $29,900 | $22 | 5 | $39,917 | $29 | 6 |
| 2008 | 0 | $24,000 | $19 | 2 | $24,000 | $19 | 2 | ||
| 2009 | $36,000 | $63 | 1 | $27,475 | $16 | 4 | $29,180 | $25 | 5 |
| 2010 | $54,000 | $42 | 2 | $25,000 | $44 | 1 | $44,333 | $43 | 3 |
| 2011 | 0 | $8,900 | $7 | 1 | $8,900 | $7 | 1 | ||
New Orleans East Real Estate Prices - Multi-family Homes
| Year | Very Good or Better Condition | Poor to Average Condition | All Sales | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | Average | $/SqFt | #Sold | |
| 1994 | $66,333 | $27 | 23 | $54,875 | $22 | 26 | $60,253 | $24 | 49 |
| 1995 | $68,277 | $27 | 21 | $55,361 | $24 | 35 | $60,205 | $25 | 56 |
| 1996 | $81,953 | $29 | 30 | $61,466 | $23 | 29 | $71,884 | $26 | 59 |
| 1997 | $76,900 | $34 | 17 | $70,933 | $27 | 18 | $73,831 | $30 | 35 |
| 1998 | $76,965 | $34 | 20 | $66,269 | $28 | 16 | $72,211 | $31 | 36 |
| 1999 | $92,132 | $34 | 19 | $80,270 | $28 | 23 | $85,636 | $31 | 42 |
| 2000 | $104,393 | $36 | 15 | $76,120 | $30 | 38 | $84,122 | $31 | 53 |
| 2001 | $105,625 | $38 | 18 | $69,410 | $29 | 15 | $89,164 | $34 | 33 |
| 2002 | $135,722 | $43 | 23 | $78,296 | $34 | 21 | $108,314 | $39 | 44 |
| 2003 | $134,430 | $47 | 10 | $96,082 | $37 | 19 | $109,306 | $41 | 29 |
| 2004 | $130,933 | $50 | 20 | $94,936 | $38 | 21 | $112,495 | $44 | 41 |
| 2005 | $146,135 | $58 | 20 | $77,369 | $40 | 9 | $124,794 | $52 | 29 |
| 2006 | $103,333 | $66 | 3 | $61,711 | $22 | 48 | $64,159 | $25 | 51 |
| 2007 | $148,167 | $61 | 6 | $76,117 | $29 | 35 | $86,661 | $34 | 41 |
| 2008 | $155,150 | $57 | 11 | $69,759 | $27 | 17 | $103,305 | $39 | 28 |
| 2009 | $147,400 | $69 | 5 | $52,146 | $24 | 14 | $77,213 | $36 | 19 |
| 2010 | $126,250 | $54 | 8 | $57,544 | $25 | 9 | $89,876 | $39 | 17 |
| 2011 | $106,750 | $44 | 4 | $51,536 | $22 | 14 | $63,806 | $27 | 18 |
City of New Orleans Map
New Orleans East Covers MLS Areas 77, 78 and 79
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A few notes about the pricing data:
- All the sales information comes from the database of homes listed as sold by the Gulf South Real Estate Information Network.
- The information is entered by many hundreds of listing agents and brokers, so we consider the data to be generally accurate but do not and cannot guarantee that it is exactly accurate.
- These charts and tables should be regarded as general guides to trends in Metro New Orleans real estate and not as specific recommendations on the worth of individual homes. Each situation has its own variables, and it pays to have an experienced professional to determine the market value of any property prior to undertaking a transaction.
- Multi-family homes used in this study contain four or fewer units.
Lynda Nugent Smith
Lesha Nugent Freeland
Keller Williams Realty
4725 Veterans Memorial Boulevard
Metairie, LA 70006
United States of America
504.455.0100
Each office independently owned and operated
Broker and associate are licensed by the state of Louisiana