New Orleans Homes: Questions and Answers
Where can I find the widest choice in multi-family homes and condominiums?
There are a at least a few condominiums and multi-family homes in all areas.
However, as the table below shows, 22% of listings in New Orleans are multi-family homes while only one percent of North Shore listings are multi-family homes.
You can find a wide choice of condominiums in New Orleans, East Jefferson and on the North Shore but very few on the Westbank and River Parishes.
| Area | Single Family Homes Listed |
Percent Single Family Homes |
Multi-Family Homes Listed | Percent Multi- Family Homes |
Condos Listed |
Percent Condos |
|---|---|---|---|---|---|---|
| New Orleans | 1620 | 51% | 708 | 22% | 844 | 27% |
| East Jefferson | 1384 | 75% | 84 | 5% | 377 | 20% |
| Westbank | 1060 | 90% | 89 | 8% | 28 | 2% |
| River Parishes | 505 | 97% | 8 | 2% | 6 | 1% |
| North Shore | 2312 | 77% | 25 | 1% | 654 | 22% |
Is there a lot of new construction available in the Metro New Orleans area?
There are at least a few new homes on the market in most areas of the metro area.
New Orleans and East Jefferson are surrounded by water, so there is very little undeveloped land available for new construction in and very near the city. For the most part, the new homes are reconstruction in Lakeview and New Orleans East since Hurricane Katrina. In other cases, older homes have been demolished to reclaim the land.
In the River Parishes and the North Shore, there are many new homes to choose from. Here is a recent breakdown of available single family homes.
| Area | New Homes Available | Percentage of Listings that are New |
|---|---|---|
| New Orleans | 91 | 6% |
| East Jefferson | 45 | 3% |
| Westbank | 45 | 4% |
| River Parishes | 59 | 12% |
| North Shore | 418 | 19% |
Where can I find homes that need renovation?
There are renovation candidates in most areas of our region. Much of the housing stock has been renovated but a ton of work remains, especially in New Orleans. Here is a recent breakdown of available single family homes.
| Area | Homes Listed as Needing Updating/Renovation | Percentage of Listings Needing Renovation |
|---|---|---|
| New Orleans | 461 | 30% |
| East Jefferson | 187 | 14% |
| Westbank | 162 | 16% |
| River Parishes | 45 | 9% |
| North Shore | 175 | 8% |
I want to buy a condominium and rent it out while I am not using it. Is this possible?
It depends. Some condo associations have restrictions, sometimes strict ones, against renting units. The aim is to foster owner-occupied properties. If you wish to purchase a condominium to rent to others, it is essential to examine the condo documents carefully.
In the French Quarter, it can be even tougher to rent your condo because city zoning laws require a minimum 90 day lease. This regulation is designed to protect the hotel industry.
Some of the listings I have received have no photographs included. How can I view images of these homes?
Photographs are normally supplied by listing agents. Some agents input a home into the MLS system before images are ready, so there can be a delay in your viewing photos.
When a new home is listed, you are notified by email almost immediately. If photographs are not online at that time, you will be emailed when images are posted. Simply revisit Web page to view the photographs.
I notice that on this Web site there is little or no information on some communities and neighborhoods. Why is this?
Like many metropolitan areas, the New Orleans region offers a lot of neighborhoods and communities, both large and small. It is virtually impossible to research and describe each and every area, so we have included the areas we know best from long experience in listings and sales. When time allows, we hope to include other parts of the city, notably Mid City and Faubourg Marigny.
We are very happy to help you with your real estate needs, where ever your interests lie within southeast Louisiana.
