Welcome back to HOT HOODS! It’s our monthly roundup of what the hottest neighborhoods in New Orleans were for the previous month. We take a look at all the single-family home sales, in different price ranges, from all over New Orleans.
New Orleans hot ‘hoods for December are as followed:
0-$100k: St. Claude
$100-$200k: New Orleans East
$200-$300k: Pontchartrain Park
$300-$400k: Irish Channel
$500k-$750k: East Carrollton
$750k-$1M: Bayou St. John
$1M and Up: Touro
What these numbers mean:
St. Claude is finding itself back in the winner’s spot for houses under $100k. These are very likely to be distressed properties in need of total overhauls.
Seeing New Orleans East in the $100k-$200k is no surprise. They have extremely consistent sales numbers in this price range.
Finding Pontchartrain Park on our list was quite a shock. Homes between $200k-$300k in this neighborhood are typically renovated well.
The Irish Channel has definitely seen lots of houses prices stabilize and even drop. This should not be a surprise to many as prices could not continue to climb.
Lakeview and East Carrollton should be of no surprise to anyone – as these price points are very common for the area.
What we do love seeing is Bayou St. John jumping into a higher price point! These couple of sales between $750k and $1 million are an exception though and not the norm.
Touro always sneaks in once a year with a couple of really big sales. Home prices stay steady between $600k to $1 million.