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Atlanta Condos For Sale

Selling Your Midtown Atlanta Condo? Don’t Make These Mistakes!

March 3, 2014 by Thom Abbott

I would not want to make a statement that the Midtown Atlanta real estate market is “on fire,” but…..it is pretty hot!

Now that we have no new construction condominiums to sell, it is all re-sales. Meaning these condos are owned by…YOU! So, if you are considering making a move, and selling your Midtown Atlanta condo, there will be some demand for your home!

Well, unless you make one of these mistakes….

 

Data provided by ActiveRain.com.

ActiveRain is an online community of real estate professionals who exchange best practices, write real estate blogs, and get free education from the industry and their peers.

Overpricing Your Home! 

When I represent Sellers, I completely understand you want to get the most you possibly can for your Midtown Atlanta condo. But by overpricing it, you will actually drive potential Buyers AWAY from your home. Listen to me and what the market is saying when we price your condo.

Showing Availability

Yes, we all understand you still need to keep living. But, by making it difficult to show your condo, you could lose important showings. If an agent is working with a Buyer and your condo just came on the market, you want that Buyer there. Saying you need 24 hour notice because of Fido….hmmmm. Why not consider doggie day care for the first few days your home is on the market. That is when you will see the most traffic, and making the showing easy is the way to SELL!

De-Clutter and Store IT!

A condo can often times have limited storage space. And if it’s packed to the gills with YOUR stuff, the Buyer can’t see how THEIR stuff will fit, or they may even think, WOW, my stuff WON’T fit in here. We are sliding into Spring and warmer weather….pack up those sweaters!

What’s THAT smell?

Whether it’s the litter box or that Chinese take out….smells don’t sell! Make sure you’ve disposed of the take-out boxes, or cleaned the litter box!

Homeownership survival skillsIf It’s Broke…FIX IT!

If you WANT top dollar for your Midtown Atlanta condo, don’t make it a “project” for the Buyer. Be it the ice maker or the toilet is running, having your condo in tip-top shape will get that offer you want! And quicker too!

Negotiate!

Yes, I know you LOVE that washer and dryer. But maybe that should be the “ace up your sleeve” when you are negotiating an offer. Maybe by offering to leave it, you may just close the Buyer. Be ready to negotiate on closing costs, a home warranty or the due diligence time period. Make it a win-win for everyone!

Selling Your Midtown Atlanta Condo? Don’t Make These Mistakes!

Sending

Filed Under: Blog, Condominiums of Midtown, Sellers Tagged With: Seller Tips, Sellers

Midtown Atlanta Market Report | Viewpoint Midtown | Year End 2013

February 28, 2014 by Thom Abbott

It’s really no surprise to us that Viewpoint Midtown Atlanta was the #2 Selling condominium community in Midtown Atlanta in 2013!!

Midtown Atlanta Market Report | Viewpoint Midtown | Year End 2013

In 2013, Viewpoint Midtown had a total of 44 homes sold! This compares to 32 homes sold in 2012.

  • 12 One Bedroom homes sold with an Average Sales Price of $208,662.  The 2012 Average was $195,889.
  • 32 Two Bedroom homes sold with an Average Sales Price of $325,969. The 2012 Average was $305,274.

Viewpoint Midtown is seeing some additional changes in 2014! First off, the new adjacent apartment building, SkyHouse South opened in January. What does this mean for Viewpoint? In particular, those residences that are on the corner directly facing the new building up to the 23-24th floor lost a portion of their view. Secondly, the facade of the first two stories of the building is being renovated to make it more appealing in hopes of drawing retail tenants to the space that has been vacant ever since the building opened. (It would seem that filling retail space was not a priority for the developer, Novare Group.)

And lastly, a new luxury condominium building, Seventh, with just 21 homes is planned to be built on the corner of 7th and Peachtree Streets, where the current Starbucks is located. It will consist of two and three bedroom homes starting at $600,000 and going to over $1M. Coffee people…never fear…Starbucks will be relocated to vacant space in the Viewpoint retail, and will return to the first floor of Seventh once it’s completed.

All these changes, coupled with Viewpoint’s amenity package should keep this a top selling building in 2014!

Viewpoint Midtown Atlanta

Filed Under: Blog, Condominiums of Midtown, Market Reports Tagged With: Atlanta Condominiums, Intown Atlanta Real Estate, Midtown Atlanta Condominiums, Midtown Atlanta Market Reports

Midtown Atlanta Market Report | Spire Midtown Atlanta | Year End 2013

February 27, 2014 by Thom Abbott

WOW! Take a look at the calendar, and in a bit more than 30 days, the First Quarter of 2014 will already be gone! Yikes! But, it’s never to late to take a look back when it comes to real estate. Where have we been, and perhaps…where are we going?

Midtown Atlanta Market Report | Spire Midtown Atlanta | Year End 2013

As we completed our review of the top selling Midtown Atlanta condominium buildings, Spire Midtown Atlanta held the #5 slot for top selling buildings. (Spire was #4 in 2012 and we’ll compare the numbers in a moment.)

In 2013, Spire saw total sales of 33 homes. There were 16  One-bedrooms, 16 Two Bedrooms (what are the chances of that!) and one Three Bedroom sold. The average Sales price of a 1-bedroom was $175,181. In 2012, it was $152,536.

The Average Sales price of a 2-bedroom was $324,806 in 2013 compared to $ 311,633 in 2012.

So we saw a pretty dramatic increase in the one bedroom sales price compared to two bedrooms. And this trend is continuing for 2014 as a couple one bedroom sales have passed the $200,000 sales price.

Spire Midtown Atlanta is still a very popular choice among Midtown Atlanta condo buyers. The building has just recently completed a renovation of the main lobby and club room. I suspect we will see the residential corridors in the not to distant future.

Spire Midtown
Spire Midtown

Filed Under: Blog, Condominiums of Midtown, Market Reports Tagged With: Atlanta Condominiums, Intown Atlanta Real Estate, Midtown Atlanta Condominiums, Midtown Atlanta Market Reports

A Virtual Fly Over of Midtown Atlanta

February 22, 2014 by Thom Abbott

Today, I was working to clean up old emails that I had saved. Like from a YEAR ago! Subjects that I have wanted to blog about, but have never gotten around to! Many were no longer relevant, and others I can still work with.

One of those was a virtual fly over of Midtown, leading to Atlantic Station. If you’ve wanted a bit of a Bird’s eye view of the area, this is pretty cool.

Filed Under: Atlanta Relocation, Blog, Condominiums of Midtown, Midtown Photos Tagged With: Midtown Atlanta Condominiums, midtown atlanta real estate

Selling Midtown Atlanta Condos |No Sign, No Lockbox, Appointment Only

February 14, 2014 by Thom Abbott

lockboxYou’ve made the decision to sell your Midtown Atlanta Condo. Awesome!

But, are you making it EASY to sell your Midtown Atlanta Condo?

Did you ask your Listing Agent that you do not want to have a lockbox at the Concierge Desk or on the door?

Did you ask your Listing Agent that all showings be by Appointment Only?

When you make the decision to sell your Midtown Atlanta Condo, you have to consider…you will need the condo to have showings to get an offer, have a contract and SELL! And you want to make that first part of that equation….showings….as easy as possible.

I always counsel my Sellers that you need to keep the place picked up and clean….all-the-time when you are For Sale! I know that’s hard, but put the hair dryer away in the morning, make the bed and wash your breakfast dishes or put them in the dishwasher! While Buyers Agents will try (sometimes) to follow instructions, sometimes the Buyers just found your listing and they want to see it….NOW! And we need to make that as easy as possible.

Understandably, if you have children or pets, special arrangements have to be made. But in those early days of listing your Midtown Atlanta condo for sale, is when the critical and perhaps best showings happen. And you don’t want to miss that opportunity!

No Sign — is really no problem in a condominium since they are not allowed in most places. If you do happen to be selling a single family home, that sign could be one of the keys that helps sell your home. A potential buyer could be driving the neighborhood, and somehow in their Internet search, missed your home. That sign could spur a showing call.

No Lockbox — This modern convenience HELPS sell your home! Licensed real estate agents have keys to open these boxes. It gives your agent a record of who looked at your home, and when. Now, in a condo, it’s possible to leave a key release with the Concierge. But again, the important contact information from the showing agent can be missing. Let’s say you make a price change after being on the market for a few days….your Listing Agent can quickly send a direct email to all the past agents that showed your home by getting that information from the lockbox readings.

Appointment Only —  This goes back to having your home picked up and clean every day while you are on the market to sell. You should really only consider Appointment only if you have some special circumstance like pets and children. Agents jsut might pass over showing your home or condo if you make it a challenge.

Selling Your Midtown Atlanta Condo. No Sign, No Lockbox, Appointment Only. All things to seriously think about.

 

Filed Under: Blog, Condominiums of Midtown, Real Estate Tips, Sellers Tagged With: Intown Atlanta Real Estate, Midtown Atlanta Condominiums, midtown atlanta real estate, Seller Tips, Sellers

Top Ten Midtown Atlanta Condo Buildings for 2013

February 1, 2014 by Thom Abbott

Top Selling Midtown Condo BuildingsThe month of January, 2014 has quickly slipped past us! But it’s not to late to take a look back at 2013 and the….

Top Ten Midtown Atlanta Condo Buildings for 2013

Condominium living in Midtown Atlanta is as varied as the very people that occupy them! From high-rise glass towers to historic buildings, you can find something that fits your taste, size and hopefully….budget….when you look for a new home in Midtown!

So what buildings were most popular in terms of number of homes sold? Drum roll please….

10. Tuscany Condominiums — Juniper Street (21 Homes Sold)

  • 13 One Bedroom Homes — Average List Price:  $136500 — Average Sold Price:  $125,954
  •  8 Two Bedroom Homes — Average List Price:  $202,975– Average Sold Price:  $192,935

9. Mayfair Renaissance/Mayfair Tower –14th Street ( 28 Homes Sold)

  •  7  One Bedroom Homes — Average List Price:  $141,243 — Average Sold Price:  $136,500
  • 21 Two Bedroom Homes  Average List Price:  $256,979 — Average Sold Price:  $244,619

8.  1280 West — West Peachtree Street (29 Homes Sold)

  • 25 One Bedroom Homes — Average List Price:  $92,733 — Average Sold Price:  $91,716
  •  4 Two Bedroom Homes — Average List Price:  139,975 — Average Sold Price:  $136,250

7. Cornerstone Village — Peachtree at 6th Street (30 Homes Sold)

  • 23 One Bedroom Homes — Average List Price:  $144,285 — Average Sold Price:  $103,686
  •  6 Two Bedroom Homes — Average List Price:  $172,150 — Average Sold Price:  $164,600
  •  1 Three Bedroom Home– Sold at $207,500

6. Plaza Midtown — West Peachtree at Peachtree Place (9th Street) (31 Homes Sold)

  • 16 One Bedroom Homes — Average List Price:  $192,231 — Average Sold Price:  $183,428
  • 14 Two Bedroom Homes– Average List Price:  $340,643 – Average Sold Price:  $321,060
  •  1 Three Bedroom Home — Average List Price:  $750,000- Average Sold Price:  $687,000

5. Spire Midtown — Peachtree at 7th Street (33 Homes Sold)

  • 16 One Bedroom Homes — Average List Price:  $184,808 — Average Sold Price:  $175,181
  • 16 Two Bedroom Homes – Average List Price:  $357,178 — Average Sold Price:  $342,806
  • 1 Three Bedroom (Combined home) Listed at $599,000 and Sold at $500,000

4. Metropolis Midtown — Peachtree at 8th Street (40 Homes Sold)

  • 26 One Bedroom Homes — Average List Price:  $162,031 — Average Sold Price:  $155,045
  • 14 Two Bedroom Homes –  Average List Price:  $339,036 — Average Sold Price:  $322,032

3. Park Central Condominiums – Juniper at 13th Street (43 Homes Sold)

  • 19 One Bedroom Homes — Average List Price:  $147,053 — Average Sold Price:  $143,108
  • 24 Two Bedroom Homes — Average List Price: $218,354 — Average Sold Price:  $208,269

2. Viewpoint Condominiums — Peachtree at 6th Street (44 Homes Sold)

  • 12 One Bedroom Homes — Average List Price:  $217,175 — Average Sold Price:  $208,662
  • 32 Two Bedroom Homes – Average List Price:  $452,147 — Average Sold Price:  $325,969

And, for the second year in a row, the Number One Selling Midtown Atlanta condominium building is…

1010 Midtown Condominiums (73 Homes Sold)

It is first only fair to say that this was the last new construction opportunity available in Midtown Atlanta (not counting Midtown West) and as a result, this building had the most inventory to sell that had never been occupied. I’m sure 2014 will show some very different numbers now that the building is sold out.

  • 27 One Bedroom Homes — Average List Price:  $259,937 — Average Sold Price:  $256,997
  • 39 Two Bedroom Homes — Average List Price: $529,954 — Average Sold Price:  $507,387
  • 7 Three Bedroom Homes — Average List Price: $1,137,686 — Average Sold Price:  $970,571
For comparison, here is the Top Ten Selling Midtown Atlanta Condos for 2012.

If you would like more information about ANY of these Midtown Atlanta condo buildings, there is a link to each building above, or feel free to use the Contact button and we will get right back to you!

Filed Under: Atlanta Relocation, Blog, Buyers, Condominiums of Midtown, Market Reports, Sellers Tagged With: Atlanta Condominiums, Intown Atlanta Real Estate, Intown Atlanta Real Estate Buyers Guide, Midtown Atlanta Condominiums, Midtown Atlanta Market Reports

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Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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