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Our City:
New Orleans Neighborhoods
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Although a devastating fire destroyed Algiers Point’s courthouse and most of its Greek Revival and Italianate buildings in 1895, the small town soon rose from the ashes. Within a year, a new courthouse and rows of attractive cottages and larger houses were under construction, thanks to a thriving shipbuilding industry and commerce from the Southern Pacific Railroad. Since the 1800s, the Canal Street ferry has linked Algiers Point to the Central Business District and the Vieux Carré.
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Like many of New Orleans' riverside neighbors, Bywater was settled on the site of plantations carved from land grants made by French and Spanish rulers. Early inhabitants belonged to the artisan class and included Creoles, free people of color, and immigrants from Ireland, Italy and Germany. A mix of Creole cottages and Victorian shotguns, Bywater hosts the annual Mirliton Festival.
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After the New Orleans and Carrollton Railroad began operating in 1835, rural Carrollton experienced rapid growth which led to its or in 1845. Ten years later, it became the Jefferson parish seat of justice, and was annexed by NOLA in 1874. Today, the St. Charles Avenue streetcar links Carrollton’s Oak Street and Riverbend historic areas to other historic neighborhoods, just as it did more than 150 years ago.
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Much of the Central Business District was once Faubourg St. Mary, the sector where Americans settled after the Louisiana Purchase in 1803. Residential life centered on Lafayette Square, with business, commerce and industry concentrated in the Warehouse District and in the area of Picayune Place. Canal Street’s “neutral ground” separated the city’s French and American populations. Today, the area commingles museums, foundries, apartments, hotels, restaurants, art galleries, offices and stores.
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Central City’s first settlers were Irish immigrants who moved to New Orleans in the 1830s to work on the New Basin Canal. Thanks to plentiful rental housing, a succession of working-class immigrants including Germans and Jews shaped the area’s character by building churches and synagogues and establishing businesses on Dryades Street. Today, churches like First Emmanuel Baptist, First Street Methodist and St. John the Baptist form the core of neighborhood life.
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Extending from the Vieux Carré to City Park, ER embraces three areas which developed sequentially over the course of a century. The oldest, Faubourg Tremé is characterized by early 19th century Creole cottages. Beyond Claiborne Avenue, shotgun houses built in the mid- to late 19th century are common. Across Broad to Bayou St. John, turn-of-the-century revival architecture predominates. Like St. Charles Avenue Uptown, Esplanade Avenue served as the grand residential avenue of Esplanade Ridge.
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Faubourg Marigny developed in the 1700s as a residential neighborhood immediately downriver from the Vieux Carré. In Marigny, the Creole cottage predominates streetscapes of a diverse array of architectural styles and warehouses testify to its history as an industrial center beginning in the 1800s. Today, Frenchmen Street’s lively cafes contrast with Washington Square’s lush tranquility.
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After the Livaudais Plantation was subdivided in the 1820s, the Garden District became a fashionable residential neighborhood for wealthy Americans eager to outdo their French Creole counterparts in the French Quarter and along Esplanade Avenue. Incorporated as part of the city of Lafayette in 1833, it was annexed by New Orleans in 1852. The area’s lush gardens and spectacular houses attract visitors from around the world.
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Wedged between the levees of the Industrial Canal and the Mississippi River, Holy Cross stretches as far as the St. Bernard Parish line. The area derives its name from Holy Cross High School, which was founded in 1859 and built in 1895. Largely residential and having a rural flavor, the neighborhood grew steadily from the mid 1800s through the 1930s. Twin “steamboat houses,” inspired by the Japanese exhibit at the 1904 World’s Fair in St. Louis, draw many curious visitors to Holy Cross.
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Originally part of the city of Lafayette, the Irish Channel began as a working-class counterpart to the prestigious Garden District just across Magazine Street. Many of its vast collection of single story “doubles” were built in the mid to late 19th century when work on nearby wharves was plentiful. Clay Square provides a shady respite in the midst of this urban neighborhood.
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In the early 1800s, plantations immediately downriver from the city of Lafayette were subdivided into what is now called the Lower Garden District. Known for its streets named for Greek muses, the Lower Garden District encompasses blocks of modest cottages close to St. Mary’s and St. Alphonsus churches as well as elegant townhouses on Coliseum Square. Magazine Street’s cafés, artists’ studios, antique stores and galleries serve today’s residents.
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In the 19th century, the low-lying swamp lakeward of the French Quarter was called “back of town.” Today it is Mid-City, a neighborhood which developed in the early 20th century after the area was drained. Stretching along Canal Street from the French Quarter to the cemeteries, Mid-City was once New Orelans’ geographical center. Today, historic pumping stations are a familiar sight in this area, which is home to many eateries, schools, and churches well-loved by locals.
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Encompassing the early 19th century, Creole faubourgs of Nouvelle Marigny and Franklin, New Marigny was home to one of the nation’s largest populations of free people of color before the Civil War. French Creoles and Germans also helped shape the district’s distinct character. Neighborhood landmarks from the late 19th century – St. Roch Cemetery and St. Roch Market – draw many locals and visitors to this area where jazz legend Jelly Roll Morton lived.
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Parkview lies immediately adjacent to City Park’s vast green spaces and Bayou St. John’s restful waters. A relatively “young” historic district, Parkview developed in the early 20th century after a modern drainage system made its once-swampy land habitable. A series of subdivisions appeared and a handsome collection of houses followed. Colonial Revival and bungalow styles predominate in this almost exclusively residential district.
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Uptown began as a series of wedge-shaped plantations situated between the city of Lafayette downriver and Carrollton upriver. The residential heart of New Orleans in the late 19th and early 20th century, Uptown embraces a number of neighborhoods as well as colleges, universities, and historic Audubon Park. A lively array of shops, restaurants and galleries on Magazine Street serves locals and visitors.
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Known as the heart of New Orleans, the Vieux Carré was enclosed by ramparts when the French founded the city in 1718. Although fires in 1788 and 1794 destroyed most of the original French and Spanish architecture, later Vieux Carré structures reflected the late 18th century taste for deep, narrow buildings and rear courtyards. An appealing mix of the commercial and the residential, neighborhood life has centered on Jackson Square for nearly 300 years.
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I was reading an article this morning by cnn money writer Les Christie, and it talked about now being the best time to buy a home in the past four years. For those of you who read my blog “ 2008, Last Chance for deals,” you know I feel the same way. For years we saw double digit home equity increases in home values and so everyone kept buying. Now we’re suddenly seeing home prices stay stagnant, so everyone wants to sell or to keep on renting for awhile until prices stabilize. But that doesn’t follow market economics. Markets are one of our few chances to be contrarians. If everyone is doing something, you should probably do the opposite!
In this case, if you can afford to buy, now’s the time. Lending requirements have gotten stricter, so I would absolutely recommend talking with a lender first to find out what you qualify for, and more importantly, what you’re comfortable with.
The interest rates are low and the sellers are motivated. Check out the article. It names Louisiana as one of the top undervalued markets in 2008:
By Helen Krieger
on 3/10/2008 12:27:00 PM

I’ve been hearing a lot of projections about how well or poorly the housing market did in the Bywater and Marigny neighborhoods of New Orleans, so I decided to take a look at the numbers. I compared the last half of 2006 (July 1 – December 31) with the last half of 2007 in terms of single family home sales.
In Bywater * second half of 2006 Homes Listed 37 Homes Sold 20 Days on market 84 Avg. $/sf $125 Avg. Home size 1300
Second half of 2007 Homes Listed 24 Homes Sold 16 Average days on Market 130 Avg. $/sf $130 Avgt. Home size 1500
In Marigny Second half of 2006 Homes Listed 50 Homes Sold 15 Days on market 98 Avg. $/sf $163 Avg. Home size 1900
Second half of 2007 Homes Listed 36 Homes Sold 15 Days on Market142 Avg. $/sf $156 Avg. Home size 1992
As you can see, in Bywater less homes were listed in the second half of 2007 and less homes sold taking a much longer time to sell, almost twice as long, as in 2007. However, the average price per square foot did go up from the second half of 2006 to the second half of 2007.
That’s a positive sign that even though the market is moving much more slowly than anyone would like, it is still holding its price overall in Bywater. Each home needs to be looked at individually, however. For example, homes that need a little bit of repair must be priced very well to convince buyers to take on the headache of a renovation in this market.
In Marigny in the second half of 2007, less homes were listed, less were sold, they spent more time on the market and had a lower average price per square foot. However, it’s not all bad news, the lower amount of homes put on the market means supply is starting to regulate itself to demand.
What about all those homes that were listed and not sold? For Marigny in the second half of 2006, for example, 50 single family homes were listed and only 15 sold. What happened to the other 45? In many cases, if sellers could not get the price they wanted in the time they wanted, they often stayed put, or they rented out their homes. There were a very large number of homes that were expired or withdrawn.
What does this mean for sellers? If you want to sell your home quickly and not in the average time of almost five months, you need to pay strict attention to price and make your home look its best. We’re no longer in the market where you can have strange pet smells, pealing paint or messy yards and expect to get top dollar. Helen and I can show you what you need to do to get your home ready.
For buyers? Be reasonable, but make offers! Helen and I can show you what a good offer would be for the home you’re interested in.
* For Bywater, I’m just looking at the prices on the riverside of St. Claude. The Bywater historic district encompases more homes than that, but the houses on the riverside are more similar lending themselves to better comparison. In a later blog I’ll try to pull the numbers for all the Bywater Historic District, which has very varied boundary lines!
By Lisa Fury
on 3/3/2008 12:42:00 PM

In spite of the national gloom and doom reports on the housing market, there are a lot of indicators that 2008 may be the best time to get in on a booming buyers market. Both nationally and locally, experts think 2008 may be the bottom of the softening housing market and possibly one of the best times to buy.
First, it’s key to understand that the recent "housing crisis" has been a little over hyped. According to the chief economist for NAR, nationally 2007 was the fifth best year for housing sales ever on record. Home prices declined about 1.5 percent after a 50 percent run up in prices over the previous years.
Secondly, even though the national numbers look good, talking about national real estate numbers is about as helpful for the average buyer as talking about national weather patterns. What is happening in our area, New Orleans?
Local Indicators After almost three years of post storm rebuilding, the effects are beginning to show. Many flooded neighborhoods are coming back strong while others are just gearing up. Businesses and schools are reopened and corrupt politicians are getting winnowed out even before our new inspector general has started his investigative job. The population is coming back sooner than expected, and they need places to live.
The immediate effects of the storm combined with the tightening of mortgage requirements made for a softening of our market last year, particularly single family homes and condos. However, as the population has been coming back strong, and as many new young people have been inspired to move into the city, the buyer demand promises to be stronger in 2008, and I see a stronger 2009 where many of the deals will already be bought up.
What does this mean for buyers? With interest rates still at historic lows and the possibility of a strengthening housing market, 2008 could well be the best time to buy.
Next blog I’ll talk about some national indicators for a strengthening market.
By Helen Krieger
on 1/4/2008 7:17:00 PM
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