What is the housing market looking like in the French Quarter?
In collaboration with NeighborhoodX, a real estate research and analytics firm, Curbed New Orleans will evaluate the range of sales across several neighborhoods throughout the city.
The first neighborhood on the list is the French Quarter. Roughly speaking, the Quarter is bounded by Iberville and North Rampart streets, Esplanade Avenue and the Mississippi River.
In its research, NeighborhoodX analyzes the housing market in neighborhoods through evaluating the price per square foot of various properties.
"By itself, the average listing price for a neighborhood doesn't give a sense of the range behind that price,” said Constantine Valhouli, cofounder of NeighboodX.com
“In some neighborhoods, the prices are clustered tightly around the average. In other neighborhoods - especially historic ones like the French Quarter - there is a greater diversity of property types that leads to a much broader range," he added.
The average price per square foot in the French Quarter is $566. One of the most expensive properties is Unit D of the Maison du Parc’s condominium, which has 2,108 square feet priced at $865 per square foot.
On the other end of the spectrum, one of the more inexpensive properties is 931 Chartres street #15, which is about 1,156 square feet priced at $258 per square foot.
Check out other price comparisons using there interactive chart below.