New Orleans Condos in Uptown New Orleans are in good supply. There are currently 325 condos in all price ranges and types on the market. There are several complexs that got listed twice in the MLS as they are with two agents giving the raw numbers a rethinking. There are 85 sales and units currently under contract this year. This is the time of years students, residents, and people in general put their places up for sale. These figures contain new conversions, some pre-sales and mainly resales. This is also the time of year that creates the most interest.
There are 134 units under 200k for sale. This is an odd figure in that they are 67 units priced under 160k which is a very hard price range normally to find things in. There are several larger complexes where there are many units for sale. In the 1750 St. Charles Ave. there are 21 units for sale currently. 1205 St. Charles has 14 units for sale. This is a converted hotel near the Warehouse District.
There are several new complexes of 8-10 units along with several four plexes that are also new. The L’Orange at 1544 Camp has 10 units. The new constructions at 1633 First Street has 11 units. The historic conversion at 1520 St. Mary has 8 units. The 1717 Religious condos in the Lower Garden District has 10 units. You can combine all the new condos and you have at least 50 new units.
The new units put pressure on the older units that have not been updated. That is why I think there are such a large number of units below 200k for sale. Location and condition is still the key for future appreciation. There however will not be that many for a criteria that you may have as we cull out the bad locations and overpriced units. With this said there are some deals to be had. Numbers are numbers unless you get a true insite inot the niche markets such as the New Orleans Uptown Condo market.
Todays Uptown Flowers add to enjoyment of the showings in these historic neighborhoods.