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Has the NS housing market cooled off?
Posted on 7/25/15 at 4:15 pm
Posted on 7/25/15 at 4:15 pm
Seeing a lot more houses stay on the market...
(Mandeville/Covington/Madisonville)
(Mandeville/Covington/Madisonville)
Posted on 7/25/15 at 4:17 pm to N2cars
Probably. The NS has been coming down with a bad case of the poor for a while now.
The public schools aren't what they're supposed to be and crime has to be up.
The public schools aren't what they're supposed to be and crime has to be up.
Posted on 7/25/15 at 4:18 pm to N2cars
It seems to be cooling a bit. I just finished a debacle on the housing front but came out extremely well. The house I just bought listed for $135/ SF and I got it for $120/ SF after it being on the market for four months.
Posted on 7/25/15 at 4:20 pm to 4LSU2
If that was new construction somebody got their feelings hurt. 
Posted on 7/25/15 at 4:21 pm to GreatLakesTiger24
quote:
The public schools aren't what they're supposed to be and crime has to be up.
My kid just finished 9th grade. On the most recent standardized test, he ranked in the 98th percentile in the country - but that was only around 94th percentile in his own school. And that's in the 'dell. I think the NS school system is doing just fine.
This post was edited on 7/25/15 at 4:25 pm
Posted on 7/25/15 at 4:25 pm to N2cars
I was in a terrible deal on a new construction home but the builder could not finish the house due to his own incompetence. I bailed on the contract, left him the $1,000 deposit, told him to GFH, then bought the one across the street that was 500 SF larger. It is six years old, but has all of the ancillary items completed (landscaping, window treatments, fence, gutters, etc) that the new one wasn't going to have.
They recently put the new one back on the market for $146/ SF when I had it under contract at $130/ SF. Now I get to watch the dumbassery in person from the comfort of my own home. They will never sale that one for more than $125/ SF. The market won't allow it on the appraisal at this time.
They recently put the new one back on the market for $146/ SF when I had it under contract at $130/ SF. Now I get to watch the dumbassery in person from the comfort of my own home. They will never sale that one for more than $125/ SF. The market won't allow it on the appraisal at this time.
Posted on 7/25/15 at 4:28 pm to N2cars
In some areas such as parts of Mandeville, the prices per sq ft have come down a bit- but Old Covington has seen an incredible rise in price per sq ft over the last year- and it's keeping on going.
Posted on 7/25/15 at 4:30 pm to N2cars
Covington proper is a very hot market. There are several homes sitting on the market, but all are either very overpriced or they are functionally obsolete (and still over priced).
Posted on 7/25/15 at 4:30 pm to 911Moto
quote:
My kid just finished 9th grade. On the most recent standardized test, he ranked in the 98th percentile in the country - but that was only around 94th percentile in his own school. And that's in the 'dell. I think the NS school system is doing just fine.
Get a fricking bumper sticker
Posted on 7/25/15 at 4:34 pm to 911Moto
quote:
My kid just finished 9th grade. On the most recent standardized test, he ranked in the 98th percentile in the country
I'm sorry. Well, the world needs ditchdiggers too.
Posted on 7/25/15 at 4:34 pm to N2cars
The stagnant Mandeville real estate market is mostly from fewer people exiting New Orleans. In years past, NS property values were directly proportional to the New Orleans murder rate. But now New Orleans is booming. Orleans Parish, despite the murders, rapes, poor roads, poor schools and high cost of living is a happening place. In part it's because there is a feeling that Landrieu and government in general are doing a good job. It's also likely from increasing traffic on the Causeway and Metairie. A lot of people would rather live in the Bywater than commute from Mandeville. It's also part of a nationwide trend of decreased white flight to the suburbs. St. Tammany schools are still very good, but Orleans Parish schools have been improving.
I suspect it's a pendulum that will swing back eventually.
I suspect it's a pendulum that will swing back eventually.
This post was edited on 7/25/15 at 5:08 pm
Posted on 7/25/15 at 4:37 pm to 4LSU2
Glad you came out on that.
Your seller still did well at 120, he was trying to take advantage of the uptick in price.
145 is not way out of line. I've seen some go in the 140's that I thought would never get it. Others at that price tend to sit awhile, though.
Your seller still did well at 120, he was trying to take advantage of the uptick in price.
145 is not way out of line. I've seen some go in the 140's that I thought would never get it. Others at that price tend to sit awhile, though.
Posted on 7/25/15 at 4:41 pm to Dire Wolf
GFY. He made a comment degrading the public school system, and I refuted it with factual evidence.
Posted on 7/25/15 at 4:42 pm to 911Moto
quote:
My kid just finished 9th grade.
Did you buy him a house?
Posted on 7/25/15 at 4:47 pm to 911Moto
Not sure about St. Tammany, but Ascension is increasing price per sq foot. Geismar area is over 145.00 in some areas.
Posted on 7/25/15 at 4:48 pm to Dire Wolf
quote:
get a fricking bumper sticker
I did
911 moto just a proud parent doe
Posted on 7/25/15 at 4:52 pm to SEClint
quote:
Did you buy him a house?
Looking at 911Moto's post history and O-T Baller Status, I imagine he bought him a small island off the coast of Japan where he can perfect his Taekwondo to reach Super Saiyan.
Posted on 7/25/15 at 5:02 pm to 911Moto
How's your boy's limited edition headband coming along?
Posted on 7/25/15 at 5:03 pm to FLBooGoTigs1
I need to hang with a higher class of people who will just nod in agreement whenever I casually mention something about my life in the course of conversation instead of a bunch of poors who lose their shite in a rage of jealousy over every aspect of my life.
This post was edited on 7/25/15 at 5:04 pm
Posted on 7/25/15 at 5:05 pm to Paul Allen
quote:Same can be said of the 7th Ward in Nola.
Geismer is over 145.00 in some areas
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