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How long do houses stay on the market in NOLA?
Posted on 10/9/14 at 8:52 pm
Posted on 10/9/14 at 8:52 pm
Just curious? Looked at two houses this week - one on the first day it was listed the second before it was listed. Both were under contract before I got home from the viewings. Is this normal? It's crazy 
12
Posted on 10/9/14 at 8:53 pm to RollTheRock
Depends on location and price. Just like anywhere else.
Posted on 10/9/14 at 8:54 pm to RollTheRock
That would tell me its a sellers market and you will probably be buying at peak pricing. Sucks for you.
Posted on 10/9/14 at 8:55 pm to RollTheRock
the uptown new orleans market is insane right now, a house around the corner from our office sold for $300,000 in less than a week and is a complete gut and renovate house. insane
Posted on 10/9/14 at 8:55 pm to stout
There are hidden gems everywhere.. Just have to research and be patient
Posted on 10/9/14 at 8:56 pm to RollTheRock
Tree fiddy
Posted on 10/9/14 at 8:56 pm to RollTheRock
quote:
How long do houses stay on the market in NOLA?
About 23 percent.
Posted on 10/9/14 at 8:57 pm to sheek
The real gems go to people with an inside track. Agents snap up the good deals for themselves as investments or they call their investor buyer they know that buys multiple properties a year from them.
Posted on 10/9/14 at 8:59 pm to stout
quote:
That would tell me its a sellers market and you will probably be buying at peak pricing. Sucks for you.
Opposite. It is insane right now. I can't wrap my head around it.
Posted on 10/9/14 at 9:00 pm to stout
thats why you are seeing shitty houses sell for soo much and then get a $150,000 renovation right away
Posted on 10/9/14 at 9:01 pm to glassman
quote:
Opposite. It is insane right now.
How is it the opposite of a sellers market if it's insane and things are flying off the market?
Posted on 10/9/14 at 9:04 pm to stout
buyers will pay anything for property uptown?
i know nothing of real estate
i know nothing of real estate
Posted on 10/9/14 at 9:05 pm to glassman
Both of theses houses were pretty expensive. I don't mind buying at a peak as I won't be looking to sell for a long long time. It just blows my mind that these properties are going so fast. Guess I'm just pissed because I really liked one of these places and wanted to buy it
Posted on 10/9/14 at 9:05 pm to Wooly
quote:
buyers will pay anything for property uptown?
Right. The very definition of a sellers market. In a buyers market there are lots of options and you have time and room to negotiate due to too much comparable inventory.
Posted on 10/9/14 at 9:06 pm to stout
quote:
How is it the opposite of a sellers market if it's insane and things are flying off the market?
Renovate and put in the market for ridiculous prices. Across the street from my mom's condo was put on the market for 1.2 million. Sold in 5 days with a total renovation needed. It is crazy what is going on.
Posted on 10/9/14 at 9:06 pm to glassman
quote:
Renovate and put in the market for ridiculous prices. Across the street from my mom's condo was put on the market for 1.2 million. Sold in 5 days with a total renovation needed. It is crazy what is going on.
That's a sellers market, glass.
Posted on 10/9/14 at 9:07 pm to stout
I bought a lot in oak cliff section of Dallas .. The long term plan is awesome .. Stumbled on it from an investor friend of mine .. Grandson of Texas Instruments built in the Same small development. You right about Nola stout .. Have to be buds with a realtor.
Posted on 10/9/14 at 9:07 pm to RollTheRock
quote:
RollTheRock
Don't know your situation but I would not buy right now in NO. You will pay 25-35% over as is appraised value then have to sink 100-150k in renovations.
What happened in Atlanta will happen here and don't forget one good hurricane and your prop value loses 30-40%.
Posted on 10/9/14 at 9:08 pm to stout
quote:
Right. The very definition of a sellers market
i told you i know nothing of real estate
Posted on 10/9/14 at 9:09 pm to glassman
quote:
Renovate and put in the market for ridiculous prices. Across the street from my mom's condo was put on the market for 1.2 million. Sold in 5 days with a total renovation needed. It is crazy what is going on.
Napoleon ave - I bet
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