As the heat from the Hotlanta summer rides off into the sunset, and the leaves begin to fall, we also see some changes in the Atlanta GA Condo Market Report for September, 2014. While New Listings and Closed Sales were up slightly, condos going Under Contract (New Pendings) was down from August! There are still Buyers in the market place, but they may not be finding what they are looking for due to the overall limited, lower inventory of condominiums in Atlanta.
Keep in mind, there is currently no new condominium construction to speak of in the Metro Atlanta area. Those that ARE moving forward seem to be at a much higher price point. (Seventh Midtown comes to mind with starting prices at $739,000!)
Also, this is a Metro Atlanta wide report for the Atlanta GA Condo Market! In the coming days, you will see detailed Market Reports for the select 21 condominium buildings we track in Midtown Atlanta. If you have specific questions about the market, you can:
- Call me directly at 770.713.1505. I’d be happy to discuss the market for your particular building.
- Request a Home Value Market Report HERE. (Please provide your name, email and phone number when doing so. It takes our team waaaaaay longer to complete a report without this information because we have no way to get it to you!)