That's the typical premium being paid, and that's a mistake for many buyers.
The only reason the West Bank didn't flood is because of the path the storm took.
It would help it, but it wouldn't solve it.
This demonstrates the high demand for areas which did not flood along with the commitment by homeowners to return and invest somewhere within the metro area. This sends a powerful message to national investors.
Buyers are more frightened about being closer because of the flooding in Metairie.