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Cotton Mill Condos-New Orleans Warehouse District Condos-Sales Pick up?

    I have sold a lot of  condos in The Cotton Mill Condos in the New Orleans Warehouse District.  Sales seemed to be stagnant for the last 2-3 months.  In the last 3 weeks a lot of the units have sold.  From first hand experience we have sold 4 condos in the last 10 days.  Lost one in a bidding war that had been on the market for at least 6 months. 

    You have several that will not sell at their current prices but the ones that were well priced and updated have been moving briskly.  You can call this a selling streak as real estate is still very seasonal in nature.   All of a sudden people are there to purchase!!!

Cotton Mill Condos

     Of the 29 units for sale this month , 14 units are under contract that I know about today.  There are several good units still for sale out of the 15 units left.   7-8 of those units are just too expensive or just are not nice. 

     The two bedrooms have been hot of late all over the Warehouse District and the same thing has been happening in the Cotton Mills as the prices of the one and two bedrooms have come closer together.  You can get a two bedroom in the 220’s to 230’s range. The larger one bedrooms in the two hundred thousand range and below. 

Cotton Mill Condos Pool

     There are seasonal reasons for this as this is when people tend to move.  This is a favorite place for young professionals starting their career.  Its a great place for medical students and residents form Tulane, LSU and Ochsner.  It is also because the place to rent are not easy to find and many who may rent end up buying due to the cost and shortage of nice rentals at the lower end.  The second home market has also been picking up as people are choosing the Warehouse as a destination. 

Cotton Mill Condo Windows

     The Cotton Mills Conodos remains one of the better values.  It has the courtyard, pool, security, high ceilings, large windows, wood floors and the condo fees are moderate for the the services. 

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Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA