Midtown Atlanta Market Report | M West | March 2013

 

 

 

Let’s look at the Sales activity for March in M West Townhomes in Midtown West….

ACTIVE LISTINGS (4) UP 3 From January’s Report)

• One 1 Bedroom home listed at $175,000
• Three 2 Bedroom homes ranging from $185,000 to $234,000 — Average List Price: $209,000

PENDING LISTINGS (5) (UNDER CONTRACT)

• Four 2 Bedrooms ranging from $169,000 to $249,000 — Average List Price: $188,000
• One 3 Bedroom at $220,000

SOLD (3)

• One 2 Bedroom at $205,000
• Two 3 Bedroom homes at $195,000 and $215,000

2012 SALES ACTIVITY COMPARISON

• Four 2 Bedrooms ranging from $129,000 – $185,000 — Average SOLD Price: $160,000

In 2012, the lowest sales price was $129,000. In 2013, the lowest price was $205,000!!! Not as dramatic an increase when you look at Average prices, but they have still risen at M West Townhomes!

 

Search Homes For Sale at M West Townhomes

 

Midtown Atlanta Market Report | Park Central | March 2013

 

 

 

Let’s take a look at the Sales Activity in March for Park Central Condominiums…..

ACTIVE LISTINGS (9) (UP 2 From January’s Report)

• Four 1 Bedroom condos ranging in price from $129,000 to $204,000 — Average List Price: $156.250
• Five 2 Bedroom condos ranging in price from $190,000 to $249,000 — Average List Price: $215,000

PENDING LISTINGS (UNDER CONTRACT) (4)

• Two 1 Bedrooms at $130,000 and $140,000 — Average List Price: $135,000
• Two 2 Bedrooms at $239,000 and $249,000 — Average List Price: $241,000

SOLD (5)

• One 1 Bedroom at $134,000
• Four 2 Bedrooms ranging from $209,000 to $218,000 — Average Sold Price: $212,000

2012 SALES ACTIVITY COMPARISON

• One 1 Bedroom sold at $109,000

We can see the most dramatic change in prices in the 2 bedroom homes at Park Central. While those SOLD averaged $212,000, the homes Under Contract are up significantly at $241,000!  However, the current homes listed For Sale have a lower average, due to the lower priced home at $190,000.  This is actually a GREAT buy…10th floor, over 1,000 sq. ft. AND the kitchen has been renovated as you can see in the photo here…

Search Homes For Sale at Park Central Condominiums HERE

 

I produce a good 80% of the content on this site. It’s a-l-o-t of work, let me tell you! But I enjoy it. Market reports, while a vital part of sharing the status of the Midtown Atlanta Market with you, take even more time! Due to the number of communities in Midtown (condominium buildings being a community) I’m going to do an overview of the Midtown market every other month, and then the other month will be a detailed review of the major buildings that I track.

Midtown Atlanta Market Report | February, 2013

 

Active Listings

Total Listings : 110

Price ranges from $54,900 at Glendale Condominiums to $1,750,000 at Above The Four Seasons

The Average List price is $349,680

Contingent Listings (Due Diligence or other)

Total Listings: 10

Price ranges from $65,000 at the Massellton to $364,000 at Viewpoint

Pending Listings

Total Listings: 40

Price ranges from $59,900 at 1280 West to $1,380,000 at 1010 Midtown

The Average List Price is $250.602

Pending Offer Approval (Lender or other Type of Approval)

Total Listings: 22

Price ranges from $55,000 at Melrose Park to $499,900 for a Penthouse home at Metropolis Midtown

The Average List Price is $143,641.  (NOTE: 18 of the 22 listings are under $200,000.)

Sold

Total Listings: 35

Prices range from $39,900 at Melrose Park to $570,000 at 1010 Midtown

The Original Average List Price was $202,120, but the Average List Price at closing was $196,230. As you can see, Seller’s did not have to discount much off of their List Price to sell their home!

Of the 35 Sales, only 4 were ABOVE $300,000, 9 were between $200-300,000 and 22 were below $200,000