Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Market Conditions in 70139 : Real Estate Advice

  • All0
  • Local Info0
  • Home Buying0
  • Home Selling0
  • Market Conditions0

Activity 37
Fri Apr 12, 2013
Wayne Clark answered:
Gregory, the owner is not offering financing but, would consider Bond for Deed



CCS Realty, LLC
1050 S Jefferson Davis Pkwy
New Orleans, La.
504-304-2307
Licensed in the State of Louisiana ... more
0 votes 2 answers Share Flag
Wed Mar 13, 2013
Lkmajor asked:
This question was asked from http://www.trulia.com/property/3095218055-4323-N-Derbigny-St-New-Orleans-LA-70117?ecampaign=con_day_propertystatus_bk&eurl=www.trulia.com%2Fproperty%2F30952...
0 votes 0 Answers Share Flag
Thu Dec 18, 2014
Wayne Clark answered:
Karlo, you should contact a Realtor to help you with understanding the market where the property is located. The answer to your questions is based on several factors. size, location, zoning, comparable sales, etc. which should be researched.



You may call or send a message if you like.

Good luck

Wayne Clark
CCS Realty, LLC
1050 S Jefferson Davis Pkwy
504-304-2307
Licensed Real Estate Broker in Louisiana
... more
0 votes 2 answers Share Flag
Sat Dec 22, 2012
Christopher Lefebvre answered:
Home prices have been rising in most areas. It is a matter of supply and demand. As supply goes down, prices go up and as demand increase prices go up. Demand will also be higher with lower interest rates because more people can afford to buy and rates are still at historic lows. ... more
0 votes 1 answer Share Flag
Tue Dec 24, 2013
Traci Bird Kestler answered:
We have one listed right outside the point in the new subdivision. We are getting a lot of showings but the house needs work so just trying to get that one person who wants to do some renovations. Yes good time to sell because the interest rates are so low and lenders are issuing loans again since the crash. If you need help I can run some comparables for you so you can see what your home is worth. Thanks, Traci Kestler Dwell NOLA Realty ... more
0 votes 3 answers Share Flag
Sun Aug 19, 2012
Wayne Clark answered:
The best adive would be to hire a professional to help provide you with the best possible data if you are considering buying or leasing in the CBD. Square foot cost is only one way to look at a commercial property. There are so many other factors you should consider. ie intended use v. allowable use, renovation cost, expenses, etc., etc.


send me a message if I can help

Wayne Clark
CCS Realty, LLC
1050 S Jefferson Davis Pkwy
N.O.LA. 70125
504-304-2307
... more
0 votes 2 answers Share Flag
Sun Jul 22, 2012
Ron Thomas answered:
How would you expect anyone to arrive at a Value without doing either and Appraisal or a Comparative Market Analysis?

Or would a guess be good enough for your purposes?

Good luck and may God bless ... more
0 votes 2 answers Share Flag
Sun Jun 24, 2012
craig mirambell answered:
For all of 70124, single family homes, above average condition, sold in the last 6 months, I see an average sold/sq ft of $156.50/sqft.

Email me if i can help realtorcraig@cox.net
0 votes 1 answer Share Flag
Mon Jun 4, 2012
Blondie60657 answered:
Being a landlord with 3 units in the lower garden/St Thomas area I can say the rental market is good for me, bad for you if you are looking for an apartment. My last apartment I had available was rented in 1 day at asking price and for a 2 year lease. It was a 3 bedroom renovated half double and it rented for 1500.00 per month. I may have a 2 bedroom available on September 1 and I will be renting that as updated at 1000.00 per month. Hope that helps if you are either side of the market. ... more
0 votes 2 answers Share Flag
Wed Nov 13, 2013
Tangie Stephens answered:
I have recently sold a new construction in the St. Thomas area and several homes that have been completely remodeled in like new condition. The interest in this area is very high.
0 votes 1 answer Share Flag
Sun May 6, 2012
ian cockburn answered:
A steady growth in prices, a steady decline in inventory
0 votes 1 answer Share Flag
Sun May 6, 2012
Gretchen & Richard Kimball answered:
The median sold prices for the Marigny Area, below Saint Claude for Single and Multi-Family properties that were in livable condition are below. This does not include Fair or Poor condition properties.

Median Sold Prices:
2008- $241,000
2009 - $242,560
2010 - $225,000
2011 - $285,000
4/24/11-4/24/12 - $241,000

I hope this gives you a good idea of the market in the Marigny.
... more
0 votes 2 answers Share Flag
Tue Apr 17, 2012
Hannah Chary answered:
838 Camp was listed in January of this year at $699k. Prior to that it had not been listed since October of 2009, and was only on the market for 6 months. I am not very familiar with this building, but I would assume that it did not sell because of the price, which was $880k when listed in Oct of 09.
842 Camp has some issues going on with the HOA which is hindering the ability to sell units in that complex. Please feel free to call me anytime if you have any questions or if there is anything that I can assist you with.

Hannah Chary
Korman Real Estate
504.982.2030
... more
0 votes 7 answers Share Flag
Wed Mar 14, 2012
Rachel Larsen answered:
I do not find that insurance issues are keeping our clients from buying. In fact we put an all cash offer on a home last tuesday and closed it at 5pm today for ine of our investor clients and we wrote several offers for him today. There are many homes for sale all over the metropolitan area in all conditions. Let me know if there is anything that we can assist you with. ... more
0 votes 5 answers Share Flag
Thu May 20, 2010
Abraham Walker answered:
stay away from the New Orleans East area if you want a quick resale.
I would focus finding a home in the Lakeview 70124, Mid-City 70119, or Gentilly 70122 area.
Make sure your rehab is equipped with 3 bedrooms and 2 bathrooms, granite counters and a jetted tub. Don't 4get about the jetted tub. Once you finish your project make sure to budget some landscaping and you will be good to go. ... more
0 votes 3 answers Share Flag
Tue Dec 29, 2009
Abraham Walker answered:
Simple answer to your question is "NO". Let's talk about flood insurance 1st. Your main issue dealing with flood insurance is the price. If you are purchasing a flood and gutted property it is most likely below the base flood elevation (BFE) level Flood insurance is very costly for these properties because of the increase risk. To get a good idea of how much risk you are taking on try to find new construction in the same block or as close to the subject property. Eyeball (or guess) where your lowest floor level (include all rooms you plan to in close with insulation and sheetrock) and that is the amount you can expect to pay above the BFE. If you raise your property to BFE level you will be looking at paying between 400 - 500/year for flood insurance. If you are below, WATCH OUT. I sold a property on Vicksburg near the interstate and the Flood Insurance was 2700/year (crazy).

Home Insurance: You won't be able to get a true Home Owners Policy because you are not living in the house. The name of the policy you are shopping for is a "builder’s risk" policy. This policy will vary in price depending on the insurance carriers, agent, and scope of your project.

SIDE NOTE: Buyer Beware: All insurance agents are not looking out for your best interest. They should really be called insurance sales representatives because they work for their company’s best interest. As a real estate “agent” I have a fiduciary duty to hold my client’s interest above my own. I have never seen any fiduciary talk coming from an insurance agent. Shop around and get as many quotes as you can. You are going to find out that for every 5 insurance agent you call 2 will return your call and you might get one to give you a quote.

Since you looking into flood and gutted property make sure you check city of New Orleans Damage Assessment website to make sure you will be able to get permits on the property. This is the very 1st step I tell my client who are looking into purchasing this type of property. The direct link to the website is http://www.cityofno.com/portal.aspx?portal=1&load=~/CNO/Services/SafetyAndPermits/Permits/DamageReportWizard.ascx. (copy and paste this URL directly in your web browser if it doesn't show up as I link) If it's above 50% damage you are required to raise the house to receive a permit (which is more important than insurance because you wouldn't be able to make improvements on the property) or tear it down. Side note: A high damage assessment is a great tool to get a price reduction during your negotiation.
Shoot me an email if you need any more information on this topic awalker@latterblum.com
... more
0 votes 1 answer Share Flag
Thu Oct 22, 2009
ian cockburn answered:
Get the real numbers right now..click on this link on my website:

http://www.iancockburn.prugardner.com/prudentialgardner/modules/agent/agent.asp?p=text&id=10759

For more detailed analysis to better help your decision you can give me a call, email and I can give you more details to help in your search. ... more
0 votes 2 answers Share Flag
Sat Oct 3, 2009
Gayle Causey answered:
Island Girl,
I live too far away to give you market stats, but I will suggest that you also consider another historic area called Algiers Point. It's right across the river (by ferry) from the French Quarter. My daughter lived there before Katrina and she LOVED it! Very charming.
Insurance rates are still much higher in Orleans Parish & other coastal parishes than in areas of the state north of I-10. For example, my daughter lives in a small house less expensive than mine in Monroe, but she pays 3 TIMES what I pay in homeowner's insurance. Sick.
NOLA is a great city, and it is recovering. Good luck in finding your new home. You can be there in time for Mardi Gras!
Gayle Causey
Keller Williams Realty, Monroe, LA
http://WestMonroeRealEstate.com
... more
0 votes 4 answers Share Flag
Thu May 20, 2010
craig mirambell answered:
I will email you, 64% thats crazy. this past month we were up from last year. What was it down from?
0 votes 4 answers Share Flag
Sun Mar 8, 2009
craig mirambell answered:
Are you looking for comparables?
realtorecraig@cox.net
0 votes 1 answer Share Flag
1 2
Search Advice
Search

Followers

120