Any good, professional agent can provide you the most recent (usually 3-6 months) sales activity in a residential area. If you can fairly value the current condition and living square footage of the property, it is easy to derive a reasonable price by multiplying the prevailing $cost/ sq. ft. x average cost/sq, ft. of like properties which have sold in that time frame. It is also important to list the sold homes in date order to show the price direction (up or down) for that market segment. In New Orleans, the home prices appear to be levelling off from a steep decline. Call for more information 504-460-9055. - Sat Jul 5 2008, 16:08