Buyers Archives -

The Otis Building Castleberry Hill

December 2, 2018 by Thom Abbott

Another new condo option is on the horizon with the announcement of The Otis Building Castleberry Hill. This new boutique building is expected to break ground in January, 2019 and be ready by October. That aggressive timeline may have something to do with the developer, one Ty Pennington of ABC’s Extreme Makeover: Home Edition. We suspect he will be using his star power along with the other things happening in the area (Hard Rock Hotel, Mercedes Benz Stadium and the pending redevelopment of the Gulch, which are all nearby.

The Otis Building, which is named for the elevator manufacturer that once occupied the building, will have a total of just eight homes. 6 one-bedrooms ranging from 1,103 to 1,390 sq. ft, and 2 two-bedrooms that will be 2,652 and 2,748 sq. ft. Prices are reported to start at $475,000 up to $1M. Pre-sales should launch next month. The building will also feature 13 parking spaces (that would count out to 1 per bedroom and a couple extra for the retail space.

The top of the building will feature a roof top terrace with seating, trees and all.

This will be an exciting addition to the Castleberry Hill community as the building has long been vacant. There will also be a small retail part (about 1,200 sq. ft) for some hopeful small shops!

If you’d like more information about The Otis Building, just let us know, and we’ll get together with you!

Doraville Real Estate Market Report October 2018

November 18, 2018 by Thom Abbott

The Doraville real estate market has really changed with the arrival of Carver Hills, and we wanted to “take it’s pulse!” So let’s look at the Doraville Real Estate Market Report October 2018.

Please note: In preparing this report, we used data from FMLS (First Multiple Listing Service) and searched by the city name, “Doraville.” As a result, some homes on this report are not within the actual city limits of Doraville, but were listed with Doraville as the city address, most likely because of a zip code assignment.

First, a look at the townhome/condominium market…and a disclaimer. Doraville has only 1 condo community, and a one community is using a Doraville address, but they are actually in the city limits of Peachtree Corners, that being Copperleaf at Global Forum.

For October, there were 13 active listings, ranging from a Ashlyn Point 4-bedroom at $238,000 to a 3-bedroom at Carver Hills for $492,738. In the chart below, you can see the average days on market to be just 32 days, but a Copperleaf listing has been on the market for 122 days!

7 listings were Under Contract, and ranged from $95,000 at Chestnut Creek (the only condo complex) to $302,834 at Copperleaf at Global Forum.

7 homes sold (or closed) in October in Doraville. They ranged in price from $135,000 at Aspen Woods to a 3-bedroom at Copperleaf at Global Forum for $289,000.

In the Single-family market in Doraville, there were 18 homes listed For Sale. They range from $179,500 for a 3-bedroom, 1-bath in Guilford Village to $608,008 in Carver Hills for a new construction home.

There were five homes Under Contract ranging in price from $449,900 on Eula Circle ( a 5-bedroom built in 2012) to $563,316 in Carver Hills.

12 homes sold in October, ranging from $141,000 on Beacon Drive to $356,400 on Eaglerock in Northcrest.

Keep in mind, this Market Report is a “snapshot moment in time” of what is happening in the market, and is a view at, say 30,000 feet. What may be happening with sales and prices in your condominium building could be much different that what is selling across the street. And the same is true for single family homes as well.

If you are looking to Buy or Sell a home in Doraville, MyMidtownMojo.com can help! We have lived in the area for 20+years and know it very well!

Selling? Do you want to sell your Doraville single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Doraville home or condo? We can set up specific searches for you based on price, building or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Doraville real estate needs!

Brookhaven Market Report October 2018

November 16, 2018 by Thom Abbott

The Brookhaven real estate market is still moving, and we wanted to “take it’s pulse!” So let’s look at the Brookhaven Market Report October 2018.

First, a look at the condominium and townhome market…and a disclaimer. The numbers for this report were taken from FMLS (First Multiple Listing Service) and we searched simply by the city name, Brookhaven. So if a specific property was listed incorrectly, it would not be a part of this report.

For October, there were 83 active listings, ranging from a Keys Lake 1-bedroom at $110,000 to a 4-bedroom at Brookhaven Wiltshire for $1.199M. In the chart below, you can see the average days on market to be 59, but a listing at Lenox Bluff at Lenox Park has been on the market for 363 days! It should be noted that at the time of this report we counted 12 homes that were under $200,000 in Brookhaven! You won’t see that much longer!

28 listings were Under Contract, and ranged from $158,000 at Keys Lake to $824,900 at the Brookhaven Wiltshire.

26 homes sold (or closed) in October in Brookhaven. They ranged in price from $182,000 at Keys Crossing for a 2-bedroom home to a 3-bedroom at Bramley Park at $896,000.

In the Single-family market in Brookhaven, there were 151 homes listed For Sale. They range from a 3-bedroom in Ashford Park for $299,900 to a home on Brookhaven Drive for $3.15M.

There were 26 homes Under Contract ranging in price from $354,000 in Ashford Park to $2.75M in Historic Brookhaven.

27 homes sold in October, ranging from $299,900 on Wayside Drive to $1.230M on Duke Road in Ashford Park.

Keep in mind, this Market Report is a “snapshot moment in time” of what is happening in the market, and is a view at, say 30,000 feet. What may be happening with sales and prices in your condominium or townhome community could be much different that what is selling across the street. And the same is true for single family homes as well.

If you are looking to Buy or Sell a home in Brookhaven, MyMidtownMojo.com can help! We hope this Brookhaven Market Report October 2018 gave you some helpful information!

Selling? Do you want to sell your Brookhaven single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Brookhaven home or condo, or townhome? We can set up specific searches for you based on price, building or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Brookhaven real estate needs!

Buckhead Market Report October 2018

November 16, 2018 by Thom Abbott

The Buckhead Atlanta real estate market is still moving, and we wanted to “take it’s pulse!” So let’s look at the Buckhead Market Report October 2018.

First, a look at the condominium market…and a disclaimer. Buckhead and how homes are listed by agents, can vary. We compiled this report based on the Area 21 as designated by the First Multiple Listing Service. (A map of this is to the right) Some listings that a buyer might think is a Buckhead area, may not appear as part of this report, but this is how we pulled these market numbers.

For October, there were 390 active listings, ranging from a Collier Green 1-bedroom at $115,000 to a 5-bedroom, 5-bathroom at The St. Regis for $15.995M. In the chart below, you can see the average days on market to be 80, but the St. Regis listing seems to have been on the market for 666 days!

62 listings were Under Contract, and ranged from $118,949 at Parklane on Peachtree to $1.8M at The Charles.

133 homes sold (or closed) in October in Buckhead. They ranged in price from $105,000 at Slaton Manor to a 2-bedroom at The Wakefield at $2.772M.

In the Single-family market in Buckhead, there were 499 homes listed For Sale. (An adjustment to the chart below is $379,900 for a home in LaVista Park to $25M for the former Tyler Perry estate, some 10,000 sq. ft on 17 acres. You can see that listing HERE!

There were 59 homes Under Contract ranging in price from $500,000 in Peachtree Hills to $4.950M on West Andrews Drive.

72 homes sold in October, ranging from $462,000 in Meadowbrook to $4.975M on Knollwood Drive in Tuxedo Park.

If you are looking to Buy or Sell a home in Buckhead, MyAtlantaMojo.com can help!

Selling? Do you want to sell your Buckhead single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Buckhead home or condo? We can set up specific searches for you based on price, building or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Midtown Atlanta real estate needs!

Midtown Atlanta Market Report October 2018

November 16, 2018 by Thom Abbott

The Midtown Atlanta real estate market is still moving, and we wanted to “take it’s pulse!” So let’s look at the Midtown Atlanta Market Report October 2018.

First, a look at the condominium market…and a disclaimer. Midtown Atlanta is covered in two Zip Codes, 30308 and 30309. Some parts of these zip codes are not actually Midtown, but this is how we pulled these market numbers.

For October, there were 238 active listings, ranging from a Midtown Park 1-bedroom at $142,000 to a 3-bedroom at One Museum Place for $4.2M. In the chart below, you can see the average days on market to be 44, but the Museum Place listing seems to have been on the market for 474 days!

45 listings were Under Contract, and ranged from $128,000 at Renaissance Park to $2,350,000 at Residences of Park Lane in Ansley Park.

93 homes sold (or closed) in October in Midtown Atlanta. They ranged in price from $125,000 at Peachtree Battle (and example of the 30309 zip code that reaches into Brookwood outside of Midtown) to a 2-bedroom at One Museum Place at $1.764M.

In the Single-family market in Midtown, there were 60 homes listed For Sale. (An adjustment to the chart below is $464,900 for 877 Monroe Drive to $2.9M in Ansley Park for a new construction home.

There were four homes Under Contract ranging in price from $850,000 in Ardmore Park to $1.399M in Sherwood Forest.

Ten homes sold in October, ranging from $568,000 in Ardmore Park to $1.8M in Ansley Park.

If you are looking to Buy or Sell a home in Midtown Atlanta, MyMidtownMojo.com can help!

Selling? Do you want to sell your Midtown Atlanta single family home or condominium? Call us today at 770.713.1505 to schedule a free market analysis of your home. Or, complete our Seller Information Form and we will be in touch with you!

Buying? Are you looking to buy a Midtown Atlanta home or condo? We can set up specific searches for you based on price, building or other specifics you may be looking for. In a competitive Seller’s Market, we can alert you of new listings within minutes of them hitting the market! Just complete out Buyer Information Form, or let’s schedule a time to talk about what you are looking for!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Midtown Atlanta real estate needs!

5 Reasons You Should Never Sell a Vacant Home

October 28, 2018 by Thom Abbott

We are starting to see the very beginning of some changes to the real estate market. No, it’s not a crash or a bubble bursting….it’s called a “normal” real estate market. And as part of this change we want to share 5 Reasons You Should Never Sell a Vacant Home!

5 Reasons You Should Never Sell a Vacant Home

Just this other day, I did a walk-through with my Buyers that are about to close on their first new home….Yippie! By now, the Seller has moved out of the townhome, and boy oh boy, did it ever look different without the furniture in the home. So let me take this real life example and let’s talk about these reasons…..

People Don’t Buy Houses, They Buy Homes

One of the main reasons a buyer buys a home, is well, it “felt like home.” In our case, the home felt warm and inviting! When we did our inspection, we sat on the couch for a good 90 minutes! Talk about getting a “feel” for living there! If that living room had just been empty space, it would have not felt like home, and my Buyers may not have been able to “see” themselves living there. (I remember how they wanted to know where they bought the couch….and wanted one just like it!) A room with no furniture is cold and uninviting….

Without Furniture, There is No Frame of Reference

It can be hard to really tell just how big a room is. And this is especially true in condos! “Will my king-sized bed fit in here?” is a question I’m asked all the time. Now, if there was one there, we would know. In a single family home, you may have a hard time even figuring out what the room is for. Is this a living room, dining room, what? But when that dining room or breakfast nook has a table, chairs and some other decor, it’s much easier to see the space and how it will work for the buyer.

An Empty Room Changes the Focus

Imagine looking at a new BMW that has no paint on it! Would you notice the BMW (model, features) or would you notice it has no paint? Ahhhh…so you are focusing on the wrong thing!

When the room is empty, a buyer will focus on anything else there is to look at. Maybe it’s the paint color, or wallpaper, or a chip/crack in the tile floor. When your home is furnished, or professionally staged, this brings the focus to the positive aspects of your home, not the negatives! This can even be true of outdoor space. Maybe the deck of a townhome overlooks something less desirable…but if it’s furnished, you will be thinking out enjoying using the space more so than the fact the view is not so awesome. (and yes, sometimes even staging will not overcome these kinds of issues!)

Only Ten Percent of Home Buyers Can Actually Visualize the Potential of a Home

Ever heard someone say, “You have no imagination!” Well, the same can go for an empty home or condo. Some people can’t visualize how the couch would fit in the living room. Or how sitting on the balcony, taking in the sunset or city lights view would feel…if the balcony is empty. Even a bathroom….candles and some accessories around the bath can make one imagine relaxing there after a long day….

Two Mortgages Are More Expensive Than One!

Take into consideration that a vacant home can take much longer to sell….and the longer it “sits”on the market, we end up making price adjustments to get it sold! And if you have moved and bought another home, you are now making two mortgage payments. Would you not rather have this one sold, and only be making the one?

Professional staging does cost you, the Seller, money…yes. But what’s the cost of those extra mortgage payments? Or that $10-15,000 price reduction to get the home sold? The cost of staging will probably be less.

So at the beginning, we mentioned a “normal” real estate market. That is where you may put your home on the market, and instead of it being Under Contract in a day or a week, it actually could take 30, 60, even 90 days to sell! Now, keep in mind, this will depend on the amount of inventory in the neighborhood or building where you live, the price, etc. But, if and when we see this change, it will be critical for us, as your Listing Agent to help you get your home or condo sold as quickly as we can. And we need to look at all the steps necessary…including your home not being vacant!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Doraville real estate needs!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Brookhaven real estate needs!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Midtown Atlanta real estate needs!

Contact MyMidtownMojo and Thomas Ramon [email protected] House Properties at 770.713.1505 or [email protected] for all your Midtown Atlanta real estate needs!

5 Reasons You Should Never Sell a Vacant Home

PalmerHouse Properties