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New Orleans Homes: Price Overview for 2008

Metro New Orleans Home Price Overview for 2008

All Homes Listed in Very Good or Better Condition

Single Family Homes Except Condos in the French Quarter and Warehouse District

Neighborhood or Community
 Avg Sales
Price 2008
 Avg Sales
Price 2008
(Price/SqFt)		 10 Year
%Change
(Price/SqFt)		 5 Year
%Change
(Price/SqFt)		 1 Year
%Change
(Price/SqFt)
Regional Overview
Entire Metro New Orleans Region $250,174 $118 65.4% 28.1% -3.9%
City of New Orleans - East Bank $319,178 $142 84.5% 24.6% -9.0%
East Jefferson $263,397 $127 51.5% 20.6% -5.3%
The Westbank $197,758 $101 72.4% 27.9% -2.8%
The River Parishes $207,881 $107 70.0% 36.9% -3.4%
The North Shore $256,284 $114 61.1% 34.8% -4.3%
City of New Orleans - East Bank
French Quarter (Condos) $322,841 $385 126.5% 46.2% -3.5%
Warehouse District (Condos) $337,770 $293 62.4% 30.0% -1.1%
Garden District $432,905 $170 84.4% 12.8% -9.9%
Uptown New Orleans $501,013 $190 91.5% 23.1% -1.3%
Lakeview $355,392 $138 47.4% 10.5% -3.5%
New Orleans East $173,642 $87 56.6% 15.5% -0.9%
East Jefferson
Metairie $274,425 $130 46.1% 17.8% -6.2%
Kenner $232,942 $115 56.1% 23.5% -2.7%
River Ridge $336,294 $140 57.8% 24.9% -2.1%
Harahan $258,972 $130 48.7% 18.9% -9.9%
The Westbank
Algiers $185,708 $92 59.5% 21.9% -4.6%
English Turn $569,290 $148 22.1% 3.5% -4.8%
Belle Chasse $283,029 $125 62.4% 24.5% -5.2%
Gretna $182,869 $98 70.7% 26.9% -3.3%
Harvey $192,144 $95 71.9% 26.3% -4.0%
The River Parishes
Destrehan $241,426 $111 60.0% 34.4% -4.9%
Laplace $170,894 $102 81.1% 36.4% -4.2%
Luling $222,137 $110 56.4% 32.4% -2.5%
The North Shore
Mandeville/Madisonville $308,594 $123 61.3% 30.2% -6.9%
Covington $264,073 $120 51.8% 35.6% -5.6%
Slidell $205,232 $100 62.7% 32.6% -4.0%

 

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.

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