Midtown Market Report | July 2015

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.

ACTIVE LISTINGS

Midtown Market Report $300-400K August 30, 2015

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

Pending Listings July 2015 Market Report August 30, 2015

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!

SOLD!!

$300-400,000 SOLD Market Report August 30, 2015

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.

You can find all of our Midtown Atlanta Market Reports HERE! 

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. 

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!

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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!

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1065 Midtown Loews Condominiums

1065 Midtown Condos For SaleWe see cranes everywhere in Midtown Atlanta these days…but that does not mean there are lots of condominiums being built. Nope. In fact, only 3 buildings are new construction, One Museum Place and Seventh Midtown, which neither have opened yet, and 1065 Midtown Loews which is a conversion from luxury rentals to condominium residences.

When 1065 Midtown Loews was first built, the real estate market took a turn for the worse. The developer elected to rent out the homes since the market could not support the sales. Now, the condominium portion of the building was sold to Tribridge Residential and they are placing the homes For Sale as the leases expire.

1065 Midtown Loews offers all that you would expect in Midtown high-rise condominium living…and just a bit more!

With floor plans ranging from 1,948 to 2,819 square feet, these one, two and three bedroom homes are spacious and offer amazing views of Midtown and Piedmont Park! And some amazing amenities as well…

  • Condos Above Loews Hotel August 23, 201524 Hour Concierge
  • Separate Entrance/Elevators from Loews Hotel
  • Curated Art Collection on each floor
  • Heated Roof-top Pool
  • Resident Club Room
  • 24 Hour Access to Exhale Fitness and reduced rates at Exhale Spa
  • Access to all services from Loews Hotel

1065 Midtown Loews is part of the 12th & Midtown development. Step out your front door to CB2, Mi Cocina, Cafe Intermezzo, and more…all within a couple blocks of your home! Just a few blocks from Piedmont Park, festivals and more will be at almost at your door!

Experience Midtown Atlanta living with a home at 1065 Midtown Loews. Search our page for 1065 Midtown Loews Condos For Sale

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!

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SOLD Ansley Above The Park Number 914

In real estate, a “closing day” is always a good day for everyone! There are happy Seller’s that have sold their home and happy Buyers that are going to be moving into their new home! The process should be an easy one, but that is not always the case.

SOLD  Ansley Above The Park Number 914

MyMidtownMojo.com is pleased to have helped Jim, Natalie and Emily call this stunning, three story condominium at Ansley Above The Park home! Natalie was not able to come to Atlanta on the house hunting trip, so Jim and I looked at the options and he sent photos and video back to Natalie in California. She just walked through the door and saw if for the first time this past Saturday morning! She was excited and pleased!

Their closing was an unusual one! They were not only not able to be in Atlanta for closing (so we do what is called a “mail-away closing”) but Jim was in Nevada and Natalie was in New York…so it was a DOUBLE mail-away! Our team at Ganek, Wright and Minsk, Closing Attorneys did an outstanding job of finding our Buyers locations to sign their documents. And they each had to sign the SAME set of documents, so they had to go from ATL to Nevada to New York and back to Atlanta! Whew!

Jim’s lender, John Markham with Wells Fargo Home Mortgage did an incredible job with his team to have a loan package ready and to the attorney for the mail-away process to begin. Here’s a funny side to the story however…and just goes to show that in your real estate purchase, your lender is worth their weight in gold in making your closing be smooth! The SELLER used Wells Fargo to close on their new home purchase and they had a total disaster. They ended up having to delay their closing twice, and almost lost the home they had found! All because the loan officer did not have their “ducks in a row!”

When we work with Buyers, this is one of the very reasons we work with them and recommend the various players they need to have on YOUR TEAM! After all, everyone IS on YOUR TEAM to help you find, and buy the home of your dreams!

Congratulations again to our Buyers and we look forward to seeing them around Midtown!

Ansley Above The Park SOLD July 27, 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!

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10 Home Staging Tips for your Atlanta Condo

Atlanta Condo Home Staging Tips July 26, 2015You’ve done everything you can to get your property ready for sale or rental. You’ve renovated, rehabbed, upgraded and created what you think is the perfect home for prospective buyers or renters.

But before you list it and stick that “open house” sign on the front lawn, there’s one final thing you need to do to make sure all your hard work pays off: staging.

10 Home Staging Tips for Your Atlanta Condo

Staging is the art of presenting your property in the most attractive and positive light possible. Done right, staging turns a property into a home and allows people to envision themselves living there.

While factors like location and number of bedrooms can get people in the door, it’s the way that the property captures their imagination that will ultimately influence whether or not they decide to sign on the dotted line.

Read the rest of this great article here.….and then come back for more information about Atlanta real estate!

 

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!

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