Midtown Market Report | July 2015 | $300-400,000
As we continue to take a look at the sales for July, 2015, let’s see the activity in the price range of $300,000 to $400,000 in this Midtown Market Report.
When you consider the size of Area 23, this is NOT a large inventory of condominiums in this price range. These prices, however, will get you into buildings such as Luxe, White Provision and the Mayfair Renaissance, to name just a few.
PENDING (UNDER CONTRACT) LISTINGS
An interesting note on the homes that are Under Contract. Only one listing showed a price adjustment from what it was originally listed at! This would mean either agents have got Sellers pricing their homes right and they don’t need price adjustments to sell, or that since inventory is so low, there is no need for a price change since the home goes Pending so quickly!
Ah, but now when we look at actual sold numbers, what homes were originally listed for, we see some difference in the Original List Price vs. the Sold Price. But you can see, Seller’s are getting about 97% of what they are asking for their Midtown Atlanta condo.
Market Report Note — When we do a Market Report, please keep in mind it is a snapshot, taken on a specific day, based on specific criteria we ask for from FMLS. It can change the next day. If you are considering Buying or Selling, we can give you more specific information about a neighborhood or a specific condo building.