I recently had a chance to visit a good number of condos in this price range. I was surprised to see some very nice thing that have not been on the market in previous years. The units are small. Several had parking and were in nice Uptown New Orleans neighborhoods. Some were historic in nature with most being apartment conversions. Several were updated and had all the bells and whistles.
The units would make excellent homes for students, second homes and people just beginning and need a starter place. It beats paying rent and at these low interest rates its a great advantage to buy and build up some equity. There is even one in the building pictured above but its a rear unit.
I was impressed with several of the condos that I saw. I ran a market Snap Shot so you can get an idea of what is out there. This is a great tool that you can use in a search as it gives you the sold data for the past three months plus the actives. I am able to do an advanced search which really narrows it down but in the beginning the broad overview is a great way to start.
Hello Market Snapshot User,
View the Market Snapshot here. Your report is personalized: it charts market activity– current up-to-the-minute –with homes in your area, including such data as sold homes, properties for sale, inventory counts and even days-on-market.
There are many ‘intangibles’ behind this data, such as whether homes were fixed up or not, special amenities and the like. I have the local market expertise to help you interpret this information fully.
Please contact me with your questions and comments.
I have not seen the number of condos in this price range in the last couple of years but was pleasantly awakened that there are some very nice places in small packages. The nice ones will all sell in the near future.