Bayou St John Neighborhood Real Estate Update

    Bayou St John neighborhood New Orleans

    Bayou St John Neighborhood Update

    Since it’s one of our favorite New Orleans neighborhoods, we’re taking a peek into the Bayou St John neighborhood home sales over the last couple of years.

    Sold Prices in Bayou St John

    While the average sales price in the neighborhood has dropped by over $50,000 from last year, the median home price has risen over $25,000.

    What’s the difference? Just one luxury home sale can skew the averages, while the median will always be the mid-point between low and high prices. We’ve included both for the math nerds among us, along with the highest sales for the last 2 years.

    • Highest sale price 2017:  $845,500
    • Highest sale price 2016:  $2,500,000

    Bayou St John neighborhood home sales

    Demand remains fairly flat, with 32 homes sold this year (although we still have several weeks left in 2017). The time it’s taking for a property to sell has increased from an average of 47 days to 60 days.

    Bayou St John Homes for Sale

     

    Trackback from your site.

    Leave a Reply

    About our blog

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