Archive for the 'Garden District' Category
Coliseum Square Neighborhood Condos, Condos and home live togeather…
October 24th, 2011 categories: Condo Knowledge, Garden District
This is a good example of one of the historic condos in the coliseum area that I have recently sold. Its an historic building that has been totally redone, its basically new construction at this point. Surrounded by million dollar homes with green space in the form of an urban park called Coliseum Square.
There are several condo association within 3 blocks of the Square and park. Located in the Lower Garden District, its close to everything. This one is located 1446 Camp Street across the street from the Park and its many oak tress and fountian. Its only 4-5 blocks to the New Orleans Warehouse District which is still very much in demand. Walk to Magazine Street and watch the changes going on there.
As housing prices firm so do the prices and demand for condos that fit peoples needs. People are still picky and want the most for their money. The big difference in this area is the type of conversions that have taken place over the last ten years. Many conversions are turning small apartment complexes that were old homes into condos. This gives you the historic feel of a modern place with high ceilings, large windows, wood floors and some nice views that would be very expensive in other areas of town.
The unit we sold is the balcony unit overlooking Coliseum Square with with plenty of natural light. Each unit has gated parking. There are only 6 units within the renovated old home. The developer went over the top trying to keep the old features while at the same time making this almost new construction.
The prices in area make the neighborhood much more affordable the neighborhoods surrounding it. The historic condos fit nicely into the neighborhood and add life to the total neighborhood. The more owners you have in an area, the more they care about the quality of life and their investment. Just another area of New Orleans that gives you a taste of the Crescent city…..
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What will be the next Hot area in the New Orleans Condo Market ?
October 23rd, 2011 categories: Condo Knowledge, Garden District
When you wonder where the next hot area for condos you have to look at what is currently hot and what that area has to offer. Can that experience be duplicated elsewhere ? How is the housing market doing in that area ? How close is that area to where you would like to be but cannot afford to live there.
The condo market is an alternative to a house for many. The condos in New Orleans are becoming a second home to many. Condos are a way to avoid paying rents that are very high at the moment and have been that way for a couple of years. You can live in an area that has very expensive homes in a condo. So if the housing market is strong then the condos in the area will tend to do well. If people are just discovering the area then it only takes 10-15 clients to make a trend.
Two of the areas that I see that happening is the Lower Garden District and the Garden District. The housing market is doing well in these areas. Its close to or next door to the New Orleans Warehouse District which is the hottest condo market right now. Transportation and drive times are small. The prices are cheaper. The demand for historic condo conversions is still alive.
People are discovering the Magazine Street corridor and all that it has to offer. Shops of all kinds. Lots of restaurants and coffee shops and its all walkable. Its close to downtown and close to LSU and Tullane University hospitals. Close to the new VA hospital as well. Its close enough for students and law students going to Tulane and Loyola Universities. Its close to the new VA Hospital, LSU Med school and Tulane Med school. The furture demand is going to be there.
I have experienced the increase sales in the area in 2011 as I have sold 5-6 units in the area. I have also seen the properties come and go at a rapid pace when the price was right. A number of them went under contract in a matter of days. This is even when financing has been hard.
The other area that will begin to show more promise is the Lakeview and Lakefront areas as the market has been doing well there as well. Have to save that for a second blog.
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St. Elizabeth’s is in the Christmas Spirit ! Now St. Elizabeth’s are condos…Merry Christmas!!!
December 19th, 2010 categories: Garden District, New Orleans Condo Reviews
The St. Elizabeth Condos in Uptown New Orleans have not always been condos. The historic New Orleans condo complex is located at 1314 Napoleon Ave. It looks ready for Christmas as it is brightly decorated with red bows and green trim. It is just a very pretty building dating back to the 1850’s.
Many if not most of the condos in New Orleans Market did not start out as condos but were built for other uses. St. Elizabeth’s started off as a school. It then became an orphanage several years later. In the later years it was purchased by Anne Rice , the vampire author who called New Orleans home. It was purchased and developed as condos in 2004 and sold as condos in 2005.
The conversion such as this building is what buyers like in New Orleans. If a developer can redo and develop a historic building upgrading the the building with classy redesign then he will have a winner in all price ranges. It still got to have a great location as St. Elizabeth’s has done.
There has been little turnover since the conversion. The few condos that have come on the market have sold fairly quickly. Its because there are not enough top notch condo conversions to meet the demand in this price range. There were town homes built on the rear of property but they lac the historic feel of the historic building.
Merry Christmas and a Happy New Year as 2010 is almost gone……………….
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New Orleans Garden District Homes, Condos still selling in Garden District.
August 29th, 2009 categories: Garden District, Historic Homes
The condos in and around the New Orleans Garden District have maintained their value thur the latest downturn. I think the main reason is that they are hard to duplicate and expensive to duplicate. When you have high home prices in an area the only way to start may be with a purchase of a condo.
This does not mean all the condos are a good buy but its a great place to look to find that condo that has all the ingredients that people will want. It is no surprise that most want the same things. The historic features of wood floors, high ceilings, large windows, lots of natural light, porches, balconies, old woodwork, brick fireplaces, and the location are things all people want. Oddly enough these features can be found in all price ranges.
Most fireplaces are not in working order but its a nice feature to have. Many condos will have more than one.
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