New Orleans Condo Market begins to shine… Summer begins..

     I listed this condo for in the New Orleans Warehouse District for $429,909 that I had listed several years ago that we had to end up renting as the market was soft and few lookers.  I just listed it again on Monday of this and already have 5 agents wanting to see it this week. .  What does this say about the New Orleans Condo Market…… This one is located at 909 Lafayette Street #9. Will have more on this one later….. 

909 lafayette windows view 1

    The demand is up in most areas if the condos are priced correctly.  Not many will over pay and buyers are doing their homework in an ever greater degree that in the past.  The nice things in the 200k-350k range are selling rather quickly. 

    The ” Premium New Orleans Condos” that I call the ones that have many positives and few negatives are the best buys.  People will pay for what they want.  These are the condos that will sell quicker and actually appreciate faster.  The so called ” Good Buys” may not be that good.  Its not all in the square footage price.  There are always going to be pluses and minus factors on most units.

    The Square footage numbers do not price into account correctly many factors that other areas may not have. The views, parking, common areas, ceiling heights, quality of updates, balconies, front units, porches, large windows, natural light, floor plans, historic feel, exposed brick flooring are all factors that are hard to calculate….But they can be compared to other like units.  This is where a good realtor can give you guidance.  My thoughts always think about the resale value.  

909 lafayette Condos, windows den1

909 lafayette street

 909 Layayette Building

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