New Orleans Warehouse District Real Estate
New Orleans Warehouse District Real Estate Snapshot
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Real Estate in the Warehouse District
and Other Areas
- We are proud to host one of the most alive downtown districts in America.
- It has been and continues to be revived into the thriving heart of our exciting city.
- Thousands of people not only work in the downtown area, but live here.
- There are very few single family homes downtown, but many of the oldest buildings have been converted into first class condos with luxurious amenities and extraordinary views of the Mississippi River and the skyline.
- Many of these old buildings were once warehouses, hence the name "The Warehouse District."
- Off-street parking is somewhat more available in the Warehouse District compared to the French Quarter. Nonetheless, lower priced condos with parking sell quickly.
- Many residents lease parking by the month in downtown area garages.
- Several of New Orleans's finest restaurants call the Warehouse District home, and nightlife abounds.
- This area is especially convenient to the downtown medical centers, and over the years, Lynda and Lesha have helped many medical professionals and students find wonderful homes.
Recent Warehouse District 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 | $549,000 | $549,000 | $549,000 | $157 | $157 | $157 | 1 |
| Multi-Family Homes | 0 | ||||||
| Condos | $392,872 | $1,800,000 | $120,000 | $289 | $532 | $155 | 85 |
Yearly Average Sales Prices of Warehouse District Condominiums
Condominiums Listed in Very Good or Better Condition
January 1, 1994 through December 31, 2011
Warehouse District 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 | 0 | 0 | 0 | ||||||
| 1995 | 0 | 0 | 0 | ||||||
| 1996 | 0 | 0 | 0 | ||||||
| 1997 | 0 | 0 | 0 | ||||||
| 1998 | 0 | 0 | 0 | ||||||
| 1999 | 0 | 0 | 0 | ||||||
| 2000 | 0 | 0 | 0 | ||||||
| 2001 | 0 | 0 | 0 | ||||||
| 2002 | 0 | 0 | 0 | ||||||
| 2003 | 0 | 0 | 0 | ||||||
| 2004 | 0 | 0 | 0 | ||||||
| 2005 | 0 | 0 | 0 | ||||||
| 2006 | 0 | 0 | 0 | ||||||
| 2007 | 0 | 0 | 0 | ||||||
| 2008 | 0 | 0 | 0 | ||||||
| 2009 | 0 | 0 | 0 | ||||||
| 2010 | 0 | 0 | 0 | ||||||
| 2011 | $549,000 | $157 | 1 | $293,000 | $155 | 2 | $378,333 | $156 | 3 |
Warehouse District 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 | $156,714 | $126 | 7 | $113,750 | $113 | 2 | $147,167 | $123 | 9 |
| 1995 | $245,320 | $144 | 30 | $90,000 | $90 | 1 | $240,310 | $142 | 31 |
| 1996 | $245,060 | $154 | 50 | $330,500 | $200 | 2 | $248,346 | $156 | 52 |
| 1997 | $209,302 | $141 | 47 | $170,000 | $131 | 1 | $208,483 | $141 | 48 |
| 1998 | $280,633 | $181 | 47 | $157,000 | $135 | 2 | $275,587 | $179 | 49 |
| 1999 | $273,777 | $173 | 56 | 0 | $273,777 | $173 | 56 | ||
| 2000 | $235,143 | $170 | 79 | 0 | $235,143 | $170 | 79 | ||
| 2001 | $281,790 | $188 | 79 | $164,900 | $118 | 1 | $280,329 | $187 | 80 |
| 2002 | $285,375 | $203 | 109 | $128,660 | $171 | 2 | $282,552 | $202 | 111 |
| 2003 | $285,796 | $226 | 175 | $160,125 | $192 | 4 | $282,987 | $225 | 179 |
| 2004 | $270,443 | $237 | 215 | $135,000 | $125 | 2 | $269,194 | $236 | 217 |
| 2005 | $294,518 | $255 | 252 | 0 | $294,518 | $255 | 252 | ||
| 2006 | $296,018 | $285 | 259 | 0 | $296,018 | $285 | 259 | ||
| 2007 | $340,211 | $297 | 180 | 0 | $340,211 | $297 | 180 | ||
| 2008 | $340,302 | $292 | 150 | 0 | $340,302 | $292 | 150 | ||
| 2009 | $316,827 | $281 | 118 | $160,000 | $243 | 1 | $315,509 | $281 | 119 |
| 2010 | $352,349 | $285 | 101 | $277,500 | $243 | 1 | $351,616 | $285 | 102 |
| 2011 | $373,966 | $287 | 113 | $172,900 | $244 | 5 | $365,446 | $286 | 118 |
Warehouse District 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 | 0 | 0 | 0 | ||||||
| 1995 | 0 | 0 | 0 | ||||||
| 1996 | 0 | 0 | 0 | ||||||
| 1997 | 0 | 0 | 0 | ||||||
| 1998 | 0 | 0 | 0 | ||||||
| 1999 | 0 | 0 | 0 | ||||||
| 2000 | 0 | 0 | 0 | ||||||
| 2001 | 0 | 0 | 0 | ||||||
| 2002 | 0 | 0 | 0 | ||||||
| 2003 | 0 | 0 | 0 | ||||||
| 2004 | 0 | 0 | 0 | ||||||
| 2005 | 0 | 0 | 0 | ||||||
| 2006 | 0 | 0 | 0 | ||||||
| 2007 | 0 | 0 | 0 | ||||||
| 2008 | 0 | 0 | 0 | ||||||
| 2009 | $520,900 | $101 | 1 | 0 | $520,900 | $101 | 1 | ||
| 2010 | 0 | 0 | 0 | ||||||
| 2011 | 0 | 0 | 0 | ||||||
City of New Orleans Map
The New Orleans Warehouse District is in MLS Area 67
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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