New Orleans Real Estate Market Report (October 2009)
Here are the housing market figures for New Orleans as of October 31, 2009. To view the detailed report, see The New Orleans Real Estate Market Report.
| Number of Active Listings | 1811 |
| Number of Current Pending | 361 |
| Number of Closings (Last 6 Months) | 998 |
| Avg. List Price of Homes (Last 6 Months) | $557,282 |
| Avg. Sold Price of Homes (Last 6 Months) | $515,377 |
| Days on Market of Sold Homes | 104 |
| Days on Market of Current Active Homes | 148 |
| Number of Months Inventory Available | 10.9 |
| Avg. LP/$Sq. Ft. (Current) | $169 |
| Avg. LP/$Sq. Ft. (Sold in Last 6 Months) | $168 |
*Information from GSREIN MLS deemed reliable but not guaranteed.
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This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 17, 2009
New Listing – Jefferson Parish Westbank – 173 Anne St.
173 Anne St. – $104,900 – Avondale, LA
3 Bedrooms / 1 Bathroom / 901 Sqft. Living Area
Adorable home in Avondale subdivision, needs just a little TLC and some updating. All new vinyl siding, and great curb appeal!! Small porch on front and back of home, and spacious gated backyard with shed. Buy it as an investment property or make it your own!!
Call Chad Janusa @ 504-376-4233 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 10, 2009
Jefferson Parish West Bank Real Estate – For Sale – 2608 Midden
2608 Midden Dr. – $ 226,000 – Marrero, LA
4 Bedroom / 2.5 Bathrooms / 2,335 sqft. of Living Area
NOT JUST A DRIVE BY !!! THIS IS A BEAUTIFUL 9 YR OLD YOUNG HOME. ON DEAD END STREET. . EXTRA 60 FT DRIVE WAY PERFECT FOR BOAT , R/V OR ANYTHING YOU NEED!!!!!! OPEN FLOOR PLAN HIGH CEILINGS WITH A BONUS ROOM UPSTAIRS MAKE THIS HOME DON’T LET THIS ONE PASS YOU BY!!!!!
Contact Chad Janusa @504-376-4233 or Sherin Farhood @ 338-9926
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
1 comment November 10, 2009
New Orleans Real Estate – For Sale – 220 Highway Drive
$183,900 – 220 Highway Drive
2 Bedrooms / 1 Bathroom - 1111 Sqft. of Living Area
GREAT COTTAGE ON OVERSIZED LOT IN BEAUTIFUL OLD JEFFERSON! JUST MINUTES FROM UPTOWN NEW ORLEANS! PRORPERTY IS CURRENTLY RENTED FOR $850/month.
Call Chad @ 504-376-4233 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 10, 2009
New Orleans Real Estate – The Tax Credit has been extended!
So, I’m a few days late with the news, but what a great weekend! Besides the Saints going 8 and 0, the first-time homebuyer tax credit has been extended until April 30th, and allows for an additional 60 days until June 30th to close on your new home! And, if that wasn’t enough, a $6500 tax credit now exists for existing homeowners as well! For those of you unfamiliar with the $8,000 first-time homebuyer tax credit please visit my original post on the topic for details.
As for the new $6500 tax credit for existing homeowners, let’s take a quick look at the qualifications.
- Long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.(Source: www.irs.gov)
The government has also increased the income levels for individuals to qualify:
- People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009. (Source: www.irs.gov)
For more information, visit the IRS website.
Now that the tax credit has been extended, there’s plenty of time to find your first home or even move to a newer home today! With interest rates still comparatively low, and a large inventory of homes for sale NOW is the time to BUY!! Give me a call @ 504-376-4233 to start looking for your new home today! Feel free to check out my Featured Properties page to browse my current listings!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 10, 2009
Extending the First-time homebuyer tax credit: Will it happen?
With so many rumors flying around about the proposed extension of the first-time homebuyer tax credit, it’s hard to tell at this point if it will even happen and if it does, what it will contain. For those of you that have been reading about this topic, it’s only a matter of time before the questions are answered and a solution is put out on the table, as the deadline for the existing tax credit is November 30th, a mere 27 days away.
Some of the proposed changes that I have read about on the Internet include extending the $8,000 tax credit for first-time homebuyers to possibly sometime in April or May of next year, which could conceivably give buyers that are on the fence about buying a new home or weren’t quite in the financial position to do so before the current expiration date, an additional chance to take advantage of this wonderful program. I have even read that a potential tax credit for existing homebuyers is in the works as well. One Q&A posting on a Wall Street Journal blog boasts that the Senate version of the housing bill proposes a $6500 tax credit for existing homeowners that have lived in their property for 5 out of 8 years.
While I think that extending the $8,000 tax credit for first-time buyers will potentially be positive for the housing market in New Orleans, I can’t see a credit for existing homeowners necessarily making a large impact. A large percentage of homeowners in the greater New Orleans area were forced to purchase new homes after Katrina(2005) which would not quite put these homeowners at the proposed 5 year mark for residing in their current property.
Whatever the decision it will be one that is likely to be passed in the coming weeks or shortly after the November 30 deadline. If you are one of those hopeful first-time homebuyers waiting to purchase based on the tax credit getting extended, hang in there, and check back on this blog. I will definitely do a blog post once a final decision is made and send out on twitter as well. (Click here to follow me on twitter!)
To check out the Q&A on the Wall Street Journal site, click here.
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 3, 2009
New Orleans Real Estate – For Sale – 3527 Rue Collette
$159,900 – 3527 Rue Collette, New Orleans, LA
4 Bedrooms / 2.5 Bathrooms / 2400 Sqft. Living Area
OPEN FLOORPLAN WITH COZY FIREPLACE, LARGE KITCHEN WITH BREAKFAST AREA, NICE COVERED PATIO, GREAT HOME FOR ENTERTAINING, DOUBLE GARAGE. IN GREAT NEIGHBORHOOD. POSSIBLE SHORT SALE, NEED BANK APPROVAL.
Call Chad Janusa @ 504-376-4233 or Jeanne Quinn @ 251-6500 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 2, 2009
New Orleans Real Estate – For Sale – 3400 River Oaks Drive
$109,900 – 3400 River Oaks Drive, New Orleans, LA
3 Bedrooms / 2 Bathrooms / 1,376 Sqft. Living Area
HANDYMAN SPECIAL! COULD BE FIXED UP NICELY, CURRENTLY RENTED AT $750.00. NICE NEIGHBORHOOD IN GOOD SCHOOL DISTRICT. ROOF 2 YEARS OLD. NEW A/C OUTSIDE UNIT 2007. CALL TODAY!!
Call Chad Janusa @ 504-376-4233 or Jeanne Quinn @ 251-6500 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 2, 2009
New Orleans Real Estate – For Sale – 3326 River Oaks Drive
$109,900 – 3326 River Oaks Drive, New Orleans, LA
3 Bedrooms / 2 Bathrooms / 1,410 Sqft. Living Area
NEEDS JUST A LITTLE TLC!! RENTED FOR $1143.00 PER MONTH. ALL BEDROOMS HAVE WALKIN CLOSETS, INSIDE LAUNDRY, LARGE BACKYARD AND MORE. POSSIBLE SHORT SALE WITH BANKS APPROVAL.
Call Chad Janusa @ 504-376-4233 or Jeanne Quinn @ 251-6500 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated
Add comment November 2, 2009
New Orleans Real Estate – For Sale – 3559 Mimosa Court
$225,000 – 3559 Mimosa Court, New Orleans, LA
4 Bedrooms / 2.5 Bathrooms / 2,500 Sqft. Living Area
TALL TIMBERS SUBDIVISION IS PICTURE PERFECT LIVING. THIS GEM WAS RENOVATED IN 2001, CORIAN COUNTERTOPS AND STAINLESS APPLIANCES IN KITCHEN, LARGE DINING PLUS BREAKFAST AREA WITH BAY WINDOW, WOOD FLOORS IN THE FAMILY ROOM WITH GAS FIREPLACE, MASTER BEDROOM DOWNSTAIRS WITH PRIVATE BATH. REAR YARD ACCESS WITH DOUBLE CAR GARAGE. MUST SEE TODAY.
Call Chad Janusa @ 504-376-4233 or Jeanne Quinn @ 504-251-6500 for a showing!
This New Orleans Real Estate blog post brought to you by Chad Janusa, Realtor at Avalar Realty Louisiana. Please visit my New Orleans Real Estate Website.
To search for properties in the New Orleans area, visit the New Orleans area Property Search.
For all of your Real Estate needs, Chad can be easily reached via text or phone at (504)-376-4233 or via e-mail at chad.janusa@gmail.com
Metairie, LA, USA – Agent licensed in Louisiana – Each office independently owned and operated.
Add comment November 2, 2009
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