10 Years of New Orleans CBD and Warehouse District Condo Sales

    We’ve talked before about how hot the condo market is in the Central Business District (CBD) and Warehouse District of New Orleans, but now it seems to be on fire.

    Year over year, condo prices have crept up, but usually by a small, sustainable percentage.

    The last couple of years, though? Prices have skyrocketed in both neighborhoods as more people embrace a lifestyle that includes living in the hustle and bustle of downtown.

    2005 – 2015 CBD/Warehouse District Average Condo Sale Prices

    2013  $383,715
    2014  $468,568
    2015  $535,878

    That’s a 39.6% increase in less than 2 years, for you math folks.

    CBD Warehouse District condo sales in New Orleans

     

    Can these values hold?

    It remains to be seen, but as long as the demand increases prices will follow, although we don’t expect to see continued huge pricing gains. There are a limited amount of buyers in the over $500,000 price range, so we’ll be keeping a close eye on trends in this market.

    Start your condo search here

     

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    Our agents write often to give you the latest insights on owning a home or property in the Greater New Orleans area.