Dear Readers, for those of you who are current or aspiring real estate investors, I thought you might benefit from some data on residential rents in New Orleans. So below I detail rents for one and two bedroom units in different parts of the City. The data is pulled from MLS and covers unfurnished one […] The post New Orleans Rents by Neighborhood in 2023 first appeared on Alex Peet Real Estate ..read more

Dear Readers, below I lay out the end of year data on the Orleans and Jefferson Parish multifamily markets. This data is pulled from MLS and is comprised mostly of small multifamily, i.e., duplexes, triplexes and four-plexes. I hope you find the information helpful. Please contact me with any comments or questions. In Orleans Parish, […] The post 2023 Year-End Orleans and Jefferson Parish Multifamily Market Update first appeared on Alex Peet Real Estate ..read more

The median sale price of a single-family home in Orleans Parish was $297,000 in December of 2023 versus a median sales price of $334,000 in December of 2022, an 11% median sales price reduction year-over-year for the month of December. The 2023 year-to-date median sales price for Orleans Parish was $335,000 versus a 2022 year-to-date […] The post 2023 Year End New Orleans Real Estate Market Update first appeared on Alex Peet Real Estate ..read more

As we begin 2022, I’d like to offer a look back at the data on residential real estate sales in New Orleans for 2021. Anyone who follows the news knows that the housing market in the U.S. as a whole, particularly the single-family market, has been on a tear since a couple of months after […] The post New Orleans Real Estate Market Update – 2021 Review first appeared on Alex Peet Real Estate ..read more

For first-time homebuyers in New Orleans, the process of purchasing a home can be daunting.  There are many steps to the process and several important decisions to be made.  In an attempt to assist you at the outset, I’ve listed below the top five things first-time homebuyers in New Orleans need to know. MARKET MINUTE […] The post Top 5 Things First-Time Homebuyers in New Orleans Need to Know first appeared on Alex Peet Real Estate ..read more

In 2022, events in the New Orleans real estate market were similar to, but in one important respect different from, what was happening in other markets around the country. Interest rate increases by the Federal Reserve led to a rapid doubling of mortgage rates – from an average 30 year fixed rate of 3.5% in […] The post New Orleans Real Estate Market Update – End of Year 2022 first appeared on Alex Peet Real Estate ..read more

As we’re now nearing the end of the third quarter of 2022, I thought it was time to revisit local market data and offer an update on where things stand in the New Orleans housing market. Circumstances have changed considerably since my last post, as interest rates have gone from around 3.2% at the start […] The post New Orleans Real Estate – Third Quarter Market Update first appeared on Alex Peet Real Estate ..read more

Before purchasing a condo in New Orleans, it will serve you well to have a handle on how to conduct proper condo due diligence. Condo due diligence differs from single-family home due diligence in that you’re not just looking at the physical condition of the property; with a condo purchase, you should also concern yourself […] The post Buying a Condo in New Orleans the Right Way first appeared on Alex Peet Real Estate ..read more

If you’re thinking of buying real estate in New Orleans, you probably have some questions about property taxes. I’ve dug into the arcana of New Orleans property taxes, and I attempt to provide an overview and answer basic questions below. I hope you find the information helpful. Please contact me at 504-407-9012 or at apeet@latterblum.com […] The post New Orleans Property Taxes – Tax Rates, How They’re Calculated, and More first appeared on Alex Peet Real Estate ..read more

If you follow the local news or our local real estate market, then perhaps you know that the New Orleans metro area housing market is booming. Supply is low, demand is high, and some sellers are getting multiple offers within a day of listing their home. It’s not clear how long this boom will last, […] The post New Orleans Real Estate Market Update first appeared on Alex Peet Real Estate ..read more