About New Orleans' The French Quarter

French Quarter Balconies are in demand! Balconies have not gone out of style in 200 years!

Having a balcony in the French Quarter is a demand feature in the homes and condos. Its your eyes and ears onto the daily activities. Its basically some people's front yard and away to show off their seasonal decorations or green thumb. Its a art form that only exists in New

A big welcome to anyone coming to New Orleans for Southern Decadence 2009. I'm knocking on wood, hoping the the only hurricanes we'll have to worry about come from Pat O'Brien's! For GLBT businesses this if bigger than Mardi Gras, and this year looks bigger than ever based on the word we're getting from folks in the hospitality industry.

I was in the French Quarter today, and saw lots of preparation going on at and around the "lavender line." It's grown over the years from a 3 day weekend to a full week of insanity! Some places like Rawhide 2010 are kicking things off on Wednesday, the 2nd.

As with all these huge events, we often get new folks who fall in love with the city, so of course I'll be on hand for those looking for 2nd homes or even for those who decide to move here. So welcome again, and thanks for continuing to support New Orleans.

French Quarter Condo Trends for May, 2009! What are the numbers saying?

French Quarter New Orleans

Most of the real estate sold in the New Orleans French Quarter are condos. At the present time there are 156 units for sale with only 9 under contract. These are not good numbers if you are a seller. There have been 28 sales during the last six months or about 5 units being sold per month. This is coming out of a very slow period. Real Estate is seasonal and many of the condos sold are to second home people from nearby states.

The square foot prices in the French Quarter are all over the place as to the quality and location of the units vary a lot. The French Quarter has always been more expensive than the Uptown and Warehouse District. The Uptown and Warehouse District locations were not competition for French Quarter condos as much in the past but they are now.

You wonder why the trend to fewer sales. One of the reason is that people have other areas to chose from that are competitive for what you get. There are fewer and fewer locals looking to buy as they tend to look in other locations. The prices for property went up way too fast from 2000-2005. Now you have the nicer properties in other areas at cheaper prices. Many people are still looking in the French Quarter but are buying in as great numbers.

I find the weakest segment of the market are the very small units that are under 500 sq. ft. that are not in great shape. The best segment is the two bedroom and two bath units with good locations.

This means if you are a buyer you will begin to see the prices trend downward on the not so premium properties. Those that are very small, those that need updating and those in the poorer locations. There will be sellers that just want to sell and get their profit out of the second home and invest in something else. Some motivated sellers will have very fair prices and they will price their French Quarter condos accordingly.

This means its still a buyers market with great interest rates and motivated sellers. Many people just want the French Quarter so now that its a buyers market its time to starting looking. That good deal may be around the corner. This is what I a thinking. You may have some other comments and that would be great!

New Orleans Real Estate Market Report October 2008

This report focuses on Single Family Homes.

October 2008 - 1997 properties for sale in New Orleans.

October 2007 - 2283 properties for sale in New Orleans.

149 properties sold in New Orleans in Oct. 2008.

269 properties sold in New Orleans in Oct. 2007 .

Keep Reading...New Orleans Real Estate ~ Market Report Oct. 2008

You may also be interested in: New Orleans Real Estate - The Definitive Blog

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This New Orleans real estate market report was provided by Darryl Glade, Realtor with RE/MAX N.O. Properties. Darryl can be reached at darrylglade@remax.net or by phone at 504.451.8960. Darryl's office is conveniently located in Uptown New Orleans at 8001 Maple Street. Darryl works throughout the Greater New Orleans area including Uptown, Lakeview, Broadmoor, Mid-City, Metairie, Kenner, Westbank, French Quarter, and the Warehouse District.

For New Orleans and the metro area real estate info, please see New Orleans Real Estate.

To search New Orleans Properties, please see New Orleans Property Search.

Click here to view Darryl Glade's Real Estate Profile.

The sales and interest in the French Quarter have begun to pick up in the last 8-10 weeks. The better units are beginning to sell. There has been a lull in sales since Katrina as many of the condos are used for second homes and weekend retreats for the locals. Now people are looking again as the prices have moderated. You can visit my blog and iste to get some more details. 1228 Royal Street Blog.

The Condo unit #7 we just listed is one that is priced right and ready to be sold. There a 6 units under 200k with a minimum of 500 sq. ft., getting below this number you are getting a motel room sized unit. None are on one of the Quarters most famous streets as is this one. Everyone knows you will not buy the first one you see but this one should be seen and shown. It may fit your needs!

The 1228 Royal Street Condo Unit #7 is a ground floor unit down a historic alley on the first floor of this French Quarter Condo. You expect to pay much more for balcony units. You are on the quiet end of the street but a very short walk to all that the Quarter has to offer in terms of history, eating and drinking. This is a condo association that has a nice courtyard with pool and laundry facilities. Having a pool is not the norm.

Having a pool to take a dip after a morning walk would be great. Enjoy your time in New Orleans by parking your car and walking for however long you may want to stay and sweat this time of year.