New Orleans Real Estate: Regional Overview

New Orleans Real Estate: Regional Snapshot

Recent New Orleans Region 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	$254,604	$3,200,000	$10,000	$114	$657	$12	4,105
Multi-Family Homes	$240,894	$1,160,724	$18,000	$93	$317	$4	262
Condos	$220,962	$1,800,000	$9,900	$206	$542	$14	516

Yearly Average Sales Prices of Homes - Entire New Orleans Region

Single Family Homes Listed in Very Good or Better Condition
January 1, 1994 through December 31, 2011

New Orleans Region 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	$115,038	$56	4,718	$69,427	$43	2,115	$100,920	$52	6,833
1995	$116,814	$59	4,893	$71,535	$45	2,250	$102,552	$55	7,143
1996	$133,554	$65	6,812	$79,437	$49	2,760	$117,950	$60	9,572
1997	$142,411	$68	7,304	$85,873	$52	2,749	$126,951	$63	10,053
1998	$150,230	$72	7,942	$90,749	$55	2,728	$135,023	$68	10,670
1999	$159,625	$76	7,643	$93,022	$57	2,848	$141,545	$71	10,491
2000	$166,629	$79	7,600	$91,656	$57	2,777	$146,565	$74	10,377
2001	$167,572	$82	8,203	$92,573	$58	2,531	$149,888	$76	10,734
2002	$181,518	$87	8,341	$97,498	$60	2,537	$161,923	$81	10,878
2003	$190,917	$92	9,113	$98,418	$62	2,790	$169,236	$85	11,903
2004	$205,197	$100	9,314	$105,641	$68	2,692	$182,875	$92	12,006
2005	$225,858	$108	9,806	$124,113	$76	2,061	$208,187	$103	11,867
2006	$259,514	$123	9,944	$128,867	$69	3,878	$222,859	$108	13,822
2007	$259,833	$123	7,204	$104,811	$58	3,083	$213,373	$104	10,287
2008	$249,514	$118	5,787	$103,829	$59	2,180	$209,651	$102	7,967
2009	$238,330	$114	5,664	$107,071	$59	2,051	$203,435	$99	7,715
2010	$254,010	$115	5,210	$104,470	$59	1,945	$213,360	$99	7,155
2011	$250,238	$113	5,450	$100,998	$56	2,429	$204,229	$95	7,879

New Orleans Region 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	$82,626	$64	278	$41,312	$41	130	$69,462	$57	408
1995	$92,607	$74	336	$49,928	$49	121	$81,307	$68	457
1996	$100,406	$78	475	$58,755	$54	191	$88,461	$72	666
1997	$107,304	$83	487	$59,450	$57	159	$95,526	$77	646
1998	$116,145	$94	558	$56,371	$57	138	$104,293	$87	696
1999	$120,900	$98	635	$64,500	$66	180	$108,444	$91	815
2000	$124,335	$108	675	$71,503	$85	166	$113,907	$103	841
2001	$137,850	$120	691	$65,932	$72	136	$126,023	$112	827
2002	$161,019	$130	783	$85,785	$87	143	$149,401	$123	926
2003	$165,201	$146	1,044	$98,706	$94	109	$158,915	$141	1,153
2004	$168,807	$163	1,169	$83,489	$90	94	$162,457	$158	1,263
2005	$204,362	$189	1,667	$104,092	$110	132	$197,005	$183	1,799
2006	$205,640	$202	1,549	$114,527	$119	120	$199,089	$196	1,669
2007	$200,135	$199	1,356	$121,509	$108	71	$196,223	$195	1,427
2008	$221,364	$207	879	$100,325	$94	63	$213,269	$200	942
2009	$211,245	$201	641	$94,442	$98	78	$198,574	$190	719
2010	$215,284	$207	529	$77,464	$77	60	$201,245	$193	589
2011	$219,578	$204	669	$80,651	$88	91	$202,943	$190	760

New Orleans Region 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	$105,694	$41	286	$55,337	$24	794	$68,672	$28	1,080
1995	$107,273	$41	297	$57,377	$24	838	$70,433	$29	1,135
1996	$108,225	$42	372	$61,140	$26	846	$75,521	$31	1,218
1997	$121,964	$47	354	$66,273	$27	881	$82,236	$33	1,235
1998	$133,386	$51	383	$71,191	$31	833	$90,780	$38	1,216
1999	$146,593	$56	371	$80,134	$35	919	$99,247	$41	1,290
2000	$163,388	$63	398	$77,717	$36	857	$104,886	$44	1,255
2001	$176,559	$69	469	$85,144	$39	702	$121,757	$51	1,171
2002	$182,768	$71	500	$90,721	$41	710	$128,757	$54	1,210
2003	$204,618	$83	563	$104,739	$48	714	$148,774	$63	1,277
2004	$204,391	$84	702	$109,308	$51	828	$152,934	$66	1,530
2005	$222,076	$89	612	$129,826	$59	559	$178,039	$75	1,171
2006	$256,849	$104	467	$111,310	$50	853	$162,800	$69	1,320
2007	$244,234	$102	380	$103,068	$48	773	$149,593	$66	1,153
2008	$237,895	$98	303	$102,582	$45	467	$155,828	$66	770
2009	$231,530	$96	276	$93,120	$41	470	$144,328	$61	746
2010	$240,939	$95	308	$89,073	$39	512	$146,116	$60	820
2011	$230,948	$93	404	$84,946	$37	635	$141,717	$59	1,039

New Orleans Region Map

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