re: So this is what you get for $500k in New Orleans right now

quote:

---

You should get out more.

These prices are reflective of what the market will bear. The envy is strong up in here.

5 BR 4.5 bath home (4,900 sf) near my home just sold for $425K. They tore it down and are going back with new Construction. They took out the pool too.

Zillow link

For being a trashy town, people sure seem to be willing to invest in it.

---

Sid, you and I must live very very close to each other. I saw that house had sold, but didn't realize they paid that much.

I'll be selling my house in the spring, and I hope you're right about property values. I could use a nice gain this time since I took a bath selling my prior house out of state during the housing bust.

I just don't see the high $$ per sq ft values in Lakeshore, though, that you see in Lakeview. Perhaps because most of the houses are older. It's also not as 'young' a neighborhood though I've seen more younger couples with kids on walks lately.