Trouble In Paradise

Vehicle break-ins in New Orleans have surged about 160% since 2015, according to city statistics. City leaders are under even more pressure after more than 6,000 car burglaries were reported in 2019, a roughly 57% increase from 2018.

Lakeview has not been exempt from these statistics. But, how has this effected the Lakeview housing market?

Here are the numbers. In the month of January 2018 the average sold price in Lakeview was $437,500. That is a drop from January 2017 where the average sold price was $567,500.

Another telltale sign is the fact that out of the 73 active homes for sale in Lakeview, 26 homes (appx 35%) hit the market just in the last 30 days with the average list price being $564,500. Is the proverbial sky falling in Lakeview?

Either way, these facts only lead to more questions. Where do all these current Lakeview residents plan to relocate? And, what is the demographic of the potential buyers of these Lakeview homes?

Time will tell.

John Kendall, Broker

E: JKendall@FaceToFaceRealty.com

IG: @Face2FaceRealty

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