Residential Real Estate Market Flourishing in New Orleans

The residential real estate market is still on the rise as it continues to recover.  The median U.S. home price has increased 6.8 percent in 2015 and all indications in 2016 indicate that they are still going up as well.  According to Jonathan Smoke,’s chief economist, homes are selling “faster and faster” and will only continue to surge in this frenzied market.  The New Orleans metro area is booming when it comes to real estate sales.  According toNew Home on Traditional Lot the median list price for a home in the area is $245,000, a rise of 22.5% from the same time last year. In fact, home prices are up 46% since 2005 and show no signs of slowing down.

“Home buying demand is actually rising in the outer suburbs”, says Sam Khater, CoreLogic deputy chief economist.

This also makes the New Orleans’ suburbs a great place to purchase or build a new home. Plaquemines Parish fares even better than the city of New Orleans with an average home price of $315,974.  Those who want to live near the city but not in the city are choosing areas such as Belle Chase in Plaquemines Parish, Marrero, Harvey, Gretna and Algiers in Jefferson Parish.

The Parks of Plaquemines located in Belle Chase is a perfect option for prospective home buyers who are looking for a suburban home. The subdivision is located approximately ten miles from the New Orleans Central Business 040District and is just a short commute for those who work in the city.  The subdivision boasts green development practices with wide open green spaces, walking trails and parks. The Parks of Plaquemines currently has 6 homes built and ready to be sold with the option to also buy a lot and build a custom home.  Lot prices range from the $70’s to the $140’s with home starting in the mid $300’s to $1 million+.

The Parks of Plaquemines has completely sold out of Phases 1 and 2 of Garden Home Lots, and Phase 3 of both Garden Home Lots (Villa Lots) and Traditional Home Lots have just been opened and some lots are already reserved.  The Parks is an established neighborhood just south of New Orleans located right next to shopping, dining, and entertainment in the Jefferson Parish cities of Harvey and Marrero.  Also, if you are commuting to work in the city, you have 2 ways to access the city by road or by ferry which lands right at the foot of Canal St., close to the Central Business District.  If you are looking for a suburb that’s still close to two major metropolitan areas with a quiet, country feel, discover The Parks of Plaquemines.  To take a tour of our community, Contact Us at 504-364-2350 or E-mail

Click Here and Here for the Sources of the Information.