Top Ten Selling Midtown Atlanta Condo Building for 2014

I’m not quite sure what happened to this year! I mean, here it is April  May, and I’m just getting the 2014 Top Ten Selling Midtown Atlanta Condo report out! Yikes! But it is interesting to see the changes and how things have ranked. I’ve also noted the rankings from 2013 and 2012 alongside the name of each building. There will be links at the end of this post to the 2013 and 2012 posts!

 

Top Ten Selling Midtown Condos April 25, 2015

 

10.  Windsor Over Peachtree  (Not ranked in the Top Ten for 2012 or 2013)

  • 15 One Bedroom Homes — Sales Price from $56,000 – $84,000 — Average Sold Price: $73,600
  • 7  Two Bedroom Homes — Sales Price from $95,900 – $167,500 — Average Sold Price: $147,486

9.  A Three-Way Tie —

  1. M West (26 Homes Sold) — 1 One Bedroom home at $199,900; 24 Two Bedrooms Sale Price Range $201,900 – $281,500 — Average Sold Price:  $232,877; One 3-Bedroom Sold at $310,000
  2. Dakota (26 Homes Sold) — 4 One Bedrooms Sale Price Range $242,000 – $274,900 — Average Sold Price — $257,200; 22 Two Bedrooms Sale Price Range $307,000 – $461,000 — Average Sold Price — $382,225
  3. Tuscany (26 Homes Sold) — 14 One Bedrooms Sale Price Range $145,500 – $165,000 — Average Sold Price — $156,421; 12 Two Bedroom Homes Sale Price Range of $202,500 to $258,500 and the Average Sold Price was $230,033.

For 2012 and 2013, M West and Dakota Condominiums were not in the Top Ten. Tuscany was 9th in 2012 and 10th in 2013!

8.  Cornerstone Village (28 Homes Sold) #7 in 2013 and #8 in 2012

  • 21 One Bedroom Homes with a Sale Price range from $95,000 – $175,000. Average Sold Price — $131,981
  • 7  Two Bedroom Homes with a Sale Price range from $193,500 – $239,000. Average Sold Price — $219,957

7. Peachtree Lofts (32 Homes Sold) (Not ranked in 2013 and #7 in 2012)

  • 25 One Bedroom Homes with a Sale Price range from $115,000 – $197,500. Average Sold Price — $155,469
  • 7  Two Bedroom Homes with a Sale Price range from $184,900 – $272,000. Average Sold Price — $239,629

6. Spire Midtown (40 Homes Sold) (#5 in 2013 and #4 in 2012)

  • 31 One Bedroom Homes with a Sale Price Range from $160,000 – $265,000. Average Sold Price — $195,868
  • 9  Two Bedroom Homes with a Sale Price Range from $319,000 – $395,000. Average Sold Price — $344,788

5. Park Central (42 Homes Sold) (#3 in 2013 and #5 in 2012)

  • 21 One Bedroom Homes with a Sale Price Range from $149,000 – $180,000. Average Sold Price — $167,338
  • 21 Two Bedroom Homes with a Sale Price Range from $199,000 – $245,000. Average Sold Price — $234,180

4. A Two-way Tie –(43 Homes Sold Each)

  1. Mayfair Renaissance/Tower — 17 One Bedroom Homes with a Sale Price Range from $130,000 – $225,00 and the Average Sold Price — $172,994.  There were 26 Two Bedroom Homes with a Sale Price Range of $190,000 – $500,000 with the Average Sold Price being $290,535. (#9 in 2013 and #10 in 2012)
  2. 1010 Midtown — 15 One Bedroom Homes with a Sale Price Range from $242,000 – $290,000 and the Average Sold Price — $277,167. There were 26 Two Bedroom Homes with a Sale Price Range from $390,000 – $734,900 and the Average Sold Price was $517,875. Additionally, there were 2 Three Bedroom homes that sold at $670,000 and $880,000, giving them an average Sold Price of $775,000. (#1 in 2013 and 2012)

3. Viewpoint Midtown Atlanta — (54 Homes Sold) (#2 in 2013 and #3 in 2012)

  • 14 One Bedroom Homes with a Sale Price Range from $185,000 – $259,000 and the Average Sold Price – $228,214.
  • 39 Two Bedroom Homes with a Sale Price Range from $239,000 – $414,000. Average Sold Price — $331,297
  • One Penthouse Home sold at $874,900.

2.  Plaza Midtown (57 Homes Sold) (#6 in 2013 and 2012)

  • 22 One Bedroom Homes with a Sale Price Range from $178,395 -$241,000. Average Sold Price $200,882
  • 35 Two Bedroom Homes with a Sale Price Range from $255,000 -$380,000. Average Sold Price $325,611

And the Number One Selling Midtown Atlanta Condo building for 2014 is….

Metropolis Midtown Condos For Sale

1. Metropolis Midtown (58 Homes Sold) (#4 in 2013 and #2 in 2012)

  • 42 One Bedroom Homes with a Sale Price Range from $132,400 -$250,000. Average Sold Price $184,153
  • 16 Two Bedroom Homes with a Sale Price Range from $227,00 – $323,000. Average Sold Price $280,088

During 2012 and 2013, 1010 Midtown had the most inventory and it was the only new construction option available in Midtown. Hence, the reason they held onto that #1 position for two years! But now you can see the shift in what is selling!

If you have any questions about the market in general, or perhaps your building specifically, please contact me. I’d be happy to answer any questions you may have.

Top 10 Midtown Atlanta Condo Buildings 2013

Top 10 Midtown Atlanta Condo Buildings 2012

 

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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How Is The Atlanta Real Estate Market?

Atlanta Real Estate Market May 5, 2015Ah yes.

When you are a real estate broker, if it’s not the first question you are asked in any conversation, it will certainly be the second one….

How Is The Atlanta Real Estate Market?

I think I could safely say “It’s on FIRE!” and be pretty accurate. But take a look at some numbers that recently appeared in an article in the Atlanta Business Chronicle to give that statement further fuel.

In March, 2015:

  • Average Sale Price: $245,000*
  • Average Days on Market: 52*
  • Months of Inventory: 3.1*

A stable market is about 6 months of inventory…with this kind of Inventory, this is truly a SELLER’s market! Just ask any BUYER that tries to make an offer on a Midtown Atlanta condo…if they even get their offer in!

So let’s go back in time….to 2010…

 

  • February 2010 Average Sale Price: $180,000*
  • February 2010 Average Days on Market: 88*
  • February 2010 Months of Inventory: 18.7*

Yeah…just LOOK at that inventory….if you were a Buyer then…you had some homes and condos to look at for sure! But it did not stop there, by August, 2011, the average Sales Price in Metro Atlanta was a mere $135,000!!!

Here is another sign of the Atlanta Real Estate market rebound. I just sold a Midtown Atlanta condo to parents of a student at Georgia Tech. The Seller paid $78,000 in 2012 and we just paid $133,000! That’s a nice $55,000 profit in less than three years!!!

But the challenge we now face, especially in the Midtown Atlanta condo market is a lack of new construction. All those cranes you see dotting the skyline are for apartment buildings…RENTALS!!! The only new condo construction in Midtown, is currently starting in the mid to upper $700,000 range. Those are not prices for every condo buyer!

I’ve got several buyers right now in the waiting mode, and watching inventory daily for them! Looking for that right one to hit the market!

How Is The Atlanta Real Estate Market? Yeah…it’s on fire alright!

*Based on stats for residential attached properties in Atlanta North, Sandy Springs, West Cobb and Dekalb West in all price ranges as reported by FMLS on April 3, 2015, for the period of Feb. 1, 2007-Feb. 28, 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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What’s My 1280 West Condo Worth? September 2014 Update

1280 West Condominiums is another apartment-to-condominium conversion in Midtown Atlanta. Originally corporate apartments, the homes do not have washer/dryer connections, but there is a laundry room on each floor of the building.

What’s My 1280 West Condo Worth?

Whats my 1280 West Condo Worth

 

ACTIVE LISTINGS (8)

  • Seven 1 Bedrooms ranging in price from $85,000 to $152,900
  • One 3 Bedroom listed at some $820,000!!!! (This is a combination of three homes on the 38th floor! A spectacular looking home, but the building?)

PENDING LISTINGS (UNDER CONTRACT) (2)

  • Two 1 Bedrooms at $135,000 and $139,ooo

SOLD (1)

  • One 1 bedroom at $71,000

In comparison, in September, 2013 there were Five 1 Bedrooms that sold, ranging from $67,500 to $119,900. As is the story in most all Midtown condominium buildings, you can see how the prices have risen in 2014 from 2013!!

Prices can vary greatly in this building. When it was converted from apartments, current residents could buy the apartment they were living in, either in its current condition, or at a higher price with it being renovated. So the sales prices are vastly different and all over the place!

Search 1280 West Condominiums For Sale HERE

What’s My 1280 West Condo Worth? Want to know what your 1280 West Condominium could sell for?

Get Your Complete and Accurate Home Value Report HERE

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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What’s My Windsor Over Peachtree Condo Worth? September 2014 Update

Windsor Over Peachtree is a conversion building from apartments to condominiums. Homes are older unless they have received a renovation in which case they can sparkle! There are no washer/dryer connections in the condos, and residents have to use a common laundry area. But for a Peachtree Street address in Midtown…there is some real value here!

What’s My Windsor Over Peachtree Condo Worth?

Let’s look at the September activity!

What's My Windsor Over Peachtree Condo Worth

 

ACTIVE LISTINGS (8)

  • Four 1 Bedrooms ranging in price from $69,000 to $89,900
  • Three 2 Bedrooms ranging in price from $124,000 to $164,900
  • One 3 Bedroom listed at $187,000

PENDING LISTINGS (0)

SOLD (3)

  • Two 1 Bedrooms at $72,900 and $76,000
  • One 2 Bedroom at $168,000

There were no comparison sales in September 2013 to look at. But as you can see from the pricing in this building, it’s a value for Midtown Atlanta, and a buyer just has to look at the trade-offs.

Search Windsor Over Peachtree Homes For Sale HERE

What’s my Windsor Over Peachtree Condo Worth? Want to know what your Windsor Over Peachtree condo could sell for?

Get Your Complete and Accurate Home Value Report HERE

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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What’s My Ansley Above the Park Condo Worth? September 2014 Update

Ansley Above the Park has long been the Piedmont Park condo high-rise building. Other new buildings have come along, but the floor plans and balconies in this building are unique. If a home has been renovated…..they can be awesome!

What’s My Ansley Above the Park Condo Worth?

The activity was limited, but let’s take a look at September!

What's My Ansley Above the Park Condo Worth

ACTIVE LISTINGS (3)

  • One 1 Bedroom listed at $329,900 (This was actually a 2 bedroom that had a $100k renovation and changed to a one bedroom floor plan)
  • Two 2 Bedrooms listed at $302,500 and $389,000

PENDING LISTINGS (UNDER CONTRACT) (1)

  • One 2 Bedroom at $259,000

SOLD (0)

There were no comparison sales in September 2013.

Search Ansley Above The Park Homes For Sale HERE

What’s My Ansley Above the Park Condo Worth? Want to know what your AATP condo could sell for?

Get Your Complete and Accurate Home Value Report HERE

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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