Midtown Atlanta Market Report | July 2015

Midtown Atlanta Market Report | July 2015 $200-300,000

Midtown Atlanta condominiums really do come in all shapes, sizes…and prices. Let’s take a look at the sales for July, 2015 for condominium sales with a price range of $200,000 to $300,000.

Active Listings

Midtown Market $200-300K August 24, 2015

67 condominiums are on the market in Area 23 (Of which the majority of Midtown Atlanta is in based on the FMLS) If you are looking for a 2 bedroom, and think you can’t find one under $300,000, a look at the listings shows numerous 2 bedroom options, mind you not all of them are in the central part of Midtown. But we did see listings in buildings like Park Central, Mayfair Tower and Peachtree Walk.

Pending (Under Contract) Listings

Midtown Market Report August 24, 2015

Just 16 homes are showing Under Contract. Keep in mind, we specifically pull those listings that went Under Contract during the month of July. There are actually 61 homes Under Contract in Area 23.

SOLD!

Midtown Atlanta SOLD August 24, 2015

Here we get a bigger picture of the market….and take a look at that last column on the right….Days On Market! Yes, there IS a ZERO, and the average in July, 2015 was just 21 days on the market! WOW! In comparison, in July 2014, there were 33 homes sold at an average of $247,572. While the Average Sales price is down for July of this year, I’m not concerned. It just means there were Buyers out there that picked up the low hanging fruit!

So, why did YOUR home not sell?

There can be a number of reasons, but in Midtown Atlanta condominiums, it usually has to do with your floor plan (we do have some not-so-well-thought out floor plans) or perhaps the view (both the floor and what you see out the window/balcony) and there is certainly price. If your home is on the market at Price “X” and it’s not selling, and you are not making a price adjustment, you will be ON the market. That market is telling you we are not willing to pay you what you are asking, or perhaps even make an offer at the price you have.

If you would like to see other July, 2015, Market Reports, just bookmark this post, and we will add links as we complete them.

Midtown Atlanta Market Report | July 2015 | Under $200,000

High Museum Midtown Atlanta August 24, 2015

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

More Posts

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

Detroit Lions QB Matthew Stafford Atlanta Home For Sale

Matthew Stafford QB Townhome For Sale August 16, 2015 Ever want to live in a celebrity (or sports fame) home? Hmmm…now just might be the opportunity in the heart of Buckhead!

Detroit Lions QB Matthew Stafford Atlanta Home For Sale

Matthew Stafford and his wife Kelly are selling their Buckhead townhouse, currently listed at $1.25M. The home, located in The Vermont on Peachtree is just North of Phipps Plaza and Lenox Mall. Built in 2007, the four-level townhome features 4 bedrooms, 3 full baths and two Vermont on Peachtree August 16, 2015half-baths. It’s an end unit that gives additional privacy.

Yeah, I know what you are thinking…FOUR LEVELS!!!!  My achy, breaky knees! Ah, never fear, there is a private elevator to get you to each floor!

The owners, Matthew and Kelly met while they were both at University of Georgia and were just married this past April. Who knows where they are headed (maybe a full-time home in Detroit….eeek!) But now’s your time to move on in!!

3721 Vermont Place NE, Unit A, Atlanta, GA 30319 (MLS # 5563380)

(all data current as of 9/2/2015)
Price $1,250,000
Beds 4
Baths 3 full, 2 half
Home size 4,255 sq ft
Fabulous four-level town home in sought after Brookhaven.This END UNIT allows for extra privacy custom upgrades with beautiful dark hardwoods, and private elevator.Newly updated chefs kitchen with solid surface countertops, new custom cabinets, and Viking appliances.Large breakfast room,open dining room, butlers pantry and fireside great room.Second floor master suite with custom walk in closet and Luxurious.Full finished daylight terrace level with bar and French Doors open to a fantastic outdoor living with private enclosed courtyard, grilling area and more!

Property Type(s): Residential Attach, Type / Built as Townhouse

Last Updated 9/2/2015 Tract The Vermont On Peachtree
Year Built 2007 Community Atlanta North (21)
Garage Spaces 2.0 County Fulton
Total Parking 2

Price History

Prior to Jul 30, '15 $1,275,000
Jul 30, '15 - Today $1,250,000

Schools

Elementary School Smith
Middle School Sutton
High School North Atlanta

Additional Details

Annual Master Assoc. Fee 0 Initiation Fee 0
Lot 0 Lot Dimensions .03
Monthly Assoc Fee 450

Features

Amenities Cable TV Available, Homeowners Assoc, Walk to Marta, Walk to Shopping
Annual Master Assoc. Fee Desc None
Appliance Desc Dishwasher, Energy Star Appliances, Garbage Disposal, Gas Ovn/Rng/Ctop, Gas Water Heater, Microwave, Refrig Included, Sec System Owned, Smoke/Fire Alarm
Architecture Traditional
Assoc Fee Desc Required
Assoc. Fee Includes Garbage, Landscaping, Other, Termite, Water/Sewer
Basement Desc Bath, Daylight, Exterior Entry, Finished, Full, Interior Entry
Bedroom Desc Roommate Fl Plan, Split Bdrm Plan
Boathouse None
Complex/Building Access Open Access
Construction Desc Brick 4 Sides, Stone
Cooling Desc Ceiling Fans, Central Electric, Zoned
Dining Room Desc Dining/Great Rm, Seats 12+
Disability Access Elev Acc Whlchair, Wide Hallways
Elementary School Smith
Energy Features Clock Thermostat
Exterior Cov/Enclosed Porch, Deck, Fenced Yard, Gas Grill, Irrigation System, Patio, Private Backyard, Prof Landscaping, Walk out courtyard, Yard
Fireplace Features/Location Gas Logs Remain, Gas Starter, In Great/Fam Room
Heat Type Gas, Zoned
High School North Atlanta
Home Warranty Negotiable
Interior 10 ft + Ceil Upper, 10 ft+ Ceil Main, Disp Attic Stairs, Double Vnty Other, Elevator, Entrance Foyer, Hardwood Floors, High Speed Internet Available, Priv Front Entry, Priv Rear Entry, Walk-In Closet(s), Wet Bar
Kitchen Features Breakfast Area, Breakfast Bar, Breakfast Room, Cabinets Other, Counter Top - Solid Surface, Counter Top - Stone, Island, Pantry, Second Kitchen, View To Fmly Rm
Lake Name None
Laundry Features/Location Basement, Laundry Room
Master Bath Features Double Vanity, Sep Tub/Shower, Whirlpool Tub
Middle School Sutton
Owner Financing? 0
Parking Desc 2 Car Garage, Attached, Auto Garage Door
Property Category Residential Attached
Roof Type Composition
Rooms Desc Bonus Room, Exercise Room, Family Room, Great Room, Recreation Room
Setting City View
Special Circumstances None,Lease Purchase
Style Townhouse
Swim/Tennis Fee Due None
Type Built as Townhouse
Unit Faces Unknown
Unit Levels Multi-Level
Unit Location/Desc End Unit, Other, Split Foyer

Location

FMLS LogoListings identified with the FMLS IDX logo come from FMLS, are held by brokerage firms other than the owner of this website and the listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. © 2015 First Multiple Listing Service, Inc.
Data last updated: 9/2/15 10:21 PM PDT.

Walk Score provided by walkscore.com.

For issues regarding this website and/or listing search engine, please contact our support team.

Listing provided courtesy of KELLER WILLIAMS REALTY ATL PERIM

(view all details for MLS #5563380)

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

More Posts

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

5 Ways To Catch the Atlanta Seller’s Attention

5  Ways Catch Atlanta SellersYou’ve been looking for that “perfect” Atlanta condo, right. And whether you have been looking for a week or a month, you know that the HOT Atlanta real estate market does not offer you many choices! With the limited inventory, you might even find yourself in a multiple-bid situation….meaning there are more Buyers than just YOU interested in that condo. So, you need to make an offer that will convince the seller that YOU are the one they should sell to.

5 Ways To Catch the Atlanta Seller’s Attention

You don’t have to be in that multiple offer situation either. The seller still has the right to review, and refuse any offer they receive on their home. BUT, if  we write an effective offer that focuses on 5 important parts of the offer, you have a much better chance of being the offer the seller accepts.

Pre Approval Letter From Your Lender

There IS a difference between a pre-qualification letter and a pre-approval letter. With the pre-approval letter, you have provided your lender with all the necessary documents they need to review to give final approval on your loan. (with the exception of the contract we are working on!) By having this in place, it will help you with the Quick Closing and shorter Due Diligence periods noted below. Additionally the Georgia Purchase and Sale Agreement has a Financing Contingency in it. You may be able to offer a much shorter time frame for this process by having your pre approval completed.

Offer the List Price (Or Close to It!)

The first thing the seller will look at when your offer is presented is the price you are offering. If their listing agent has done their homework, the home will NOT be overpriced! And offer a full price offer is not a bad thing. You are paying what the home is worth. If it is somewhat overpriced, and we are in a multiple offer situation, you may need to offer OVER the list price. A Seller is going to look much closer at an offer that is at or near the listing price. We will also have to be prepared for the appraisal process in case there is a difference between our offer and the appraisal. But to low of an offer and we could be out of the game before we even get started!

Request A Quick Closing

The sellers are either being relocated or have already found their next dream home or condo. We want to keep that in mind when presenting our Offer.  Chances are, it is one of  those two things that have prompted the sellers to list their Atlanta condo in the first place.  Sellers may  want to close quickly, to facilitate the closing on THEIR new home, or to complete a relocation package, so a general rule of thumb is to offer a Closing date that is within the next 30 days, provided  your lender has said that is possible.  By offering a quick Closing this can also show the Seller you are a motivated buyer.

Choose A Shorter Due Diligence Period

A Georgia Purchase and Sale Agreement  includes a Due Diligence period, which allows the buyer to back out of the contract for any reason … or simply no reason at all.  This is the time when you do a detailed investigation of the property including  HOA documents and budgets,  and your property inspection.  Sellers like to see a shorter Due Diligence period, and if you are in a multiple-bid, this could be your winning card!

Earnest Money MyMidtownMojo.com August 14, 2015Offering A Higher Earnest Money Deposit

When you make an Offer on a property, you will also give the seller a good faith or earnest money deposit.  A higher earnest money deposit also shows that you are serious about buying the home, as you have more initial money upfront!

These are just 5 Ways To Catch the Atlanta Seller’s Attention and just a few of many factors that a seller considers when they receive an offer.  But by looking at these five key factors, we are focusing on those which Sellers tend to put the most significance on when making a decision.

I’m here to help you write the best offer possible!  If you need help in this HOT Atlanta market, give me a call!

 

 

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

More Posts

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

Atlanta Condos For Sale | 805 Peachtree

Atlanta Condo For Sale 805 Peachtree June 30, 2016What is that saying, “Variety is the spice of life?” That is also true when it come to looking for Atlanta Condos For Sale. First there are numerous areas in the City of Atlanta where you can find condo living. Then there are all types of buildings. Each has its own character and it may, or may not, fit your lifestyle or your design tastes. 805 Peachtree is certainly a unique living opportunity in Midtown Atlanta.

[Read more…]

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

More Posts

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube

10 Questions You Should Ask Your Mortgage Lender

Finding the right home or condo is important. I mean this is going to be your home. Your sanctuary to get away from it all after a long day at the job. So it’s a big decision. But part of that decision is also your mortgage. Unless you are in a position to pay all cash for your home, you will need a mortgage.

10 Questions You Should Ask Your Mortgage Lender

How Much Home Can You Afford?
How Much Home Can You Afford?

And there is a lot that goes into a mortgage. But that is not my role in helping you find your home. Much like when you go to a doctor’s office, there are numerous people there that have a role in your visit. From the person that greets you, to the one that takes your vitals to the doctor him(her)self, everyone has a purpose.

My purpose is to help you find the right home, and get it at the right price. There’s other considerations too, but we’ll keep it simple for this topic. But when you need a mortgage, then you need a mortgage lender.  And that person is a specialist in what THEY do! They know the in’s and out’s of getting you the best financing arrangements they can. But just as there are questions and parts to the home buying process I discuss and questions I answer for you, here are 10 questions you should ask your mortgage lender.

10-questions-to-ask-mortgage-lender

If you need help in getting your pre-approval ready to begin your home shopping with me, please check out our team of mortgage lenders. We have worked with these people for years, and know they will do it right for you!

Thom Abbott

I'm a real estate broker living and selling the Midtown Atlanta lifestyle. From high rise condominiums to historic homes, I enjoy everything Midtown Atlanta has to offer. I'll help you find the right home in Midtown Atlanta or any of the other exciting Intown Atlanta communities that border the Midtown Area!

More Posts

Follow Me:
TwitterFacebookLinkedInPinterestGoogle PlusYouTube