The New Orleans Redevelopment Authority sold all 64 vacant properties up for grabs in its first online-only auction, with winning bids totaling $2.9 million, officials announced Wednesday.
More than 160 bidders participated in the auction, which was held Nov. 9-10.
NORA partnered with Hilco Real Estate LLC to conduct the auction, as it has for past in-person auctions. The agency has held such auctions periodically as it continues to pare down the thousands of abandoned Road Home properties it took over after Hurricane Katrina.
Properties that buyers snagged this month included single- and multiple-family homes and vacant lots in the Broadmoor, Filmore, Gentilly, Hollygrove, Lakeview, New Orleans East and St. Roch neighborhoods, among others.
The highest winning bid was $186,000 for a home on Voisin Street in the Navarre neighborhood. The lowest winning bids were for properties and lots in the Desire, New Orleans East, St. Claude and St. Roch neighborhoods that sold for $2,500 each.
Officials said auction participants included “first-time homeowners, young buyers wanting to have their ‘dream home,’ developers and investors interested in the rebuilding of New Orleans.”
Buyers are required to build on or rehabilitate the property within a year of the sale, in accordance with all required city building ordinances and codes.
See a list of the properties and winning bids, at Hilco’s website.
Follow Jessica Williams on Twitter, @jwilliamsNOLA.