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Uptown Luxury Homes $900k+ Up 11.5% YOY

Uptown Luxury Homes $900k+ Up 11.5% YOY

So far in 2011 luxury homes in Uptown New Orleans, which are defined as single family residences that sell for over $900,000, are averaging a sales price of $279 per square foot.

That is an 11.6% improvement over 2010 where they averaged $250 per square foot.

A likely factor contributing to this rise is record low interest rates which are not out of reach for these affluent homebuyers.

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