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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

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

Midtown Atlanta Market Report | 1010 Midtown Atlanta | March 2013

April 26, 2013 by Thom Abbott

 

Midtown Atlanta Market Report | 1010 Midtown | March 2013

 

Midtown Atlanta Market Report March 2013

 

 

As we look at the Market Report for 1010 Midtown, keep in mind that in a new construction development, not every single available home may be listed in the MLS. So our report is based on what the MLS is reporting.

ACTIVE LISTINGS (28) (UP 8 listings from January’s Report….interesting??)

  • Thirteen 1 Bedrooms ranging from $242,900 to $524,900 — Average List Price: $283,000  (#3309 is a 1 Bedroom listed at $524,900…..that has to be one impressive one Bedroom home!)
  • Twelve 2 Bedrooms ranging from $375,000 to $774,000 — Average List Price: $510,000
  • Three 3 Bedroom homes priced at $599,00, $999,000 and $1,025,000

PENDING LISTINGS (UNDER CONTRACT) (7)

  • One 1 Bedroom at $239,000 (Was priced at $194,900)
  • Six 2 Bedrooms ranging from $429,000 to $749,000 — Average List Price: $553,233

SOLD (6)

  • Two 1 Bedrooms at $237,900
  • Four 2 Bedrooms ranging from $437,000 to $715,000 — Average List Price: $536,200

2012 SALES ACTIVITY COMPARISON

  • One 1 Bedroom at $206,725 and One 2 Bedroom at $337,000

A special note on 1010 Midtown Atlanta….since they have “the tiger by the tail” in being the last new construction, prices are much higher in this building than any other building in Midtown Atlanta. As such, they recently even raised some prices on selected homes.

Filed Under: Blog, Condominiums of Midtown, Market Reports Tagged With: Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

Midtown Atlanta Market Report | Luxe Midtown Atlanta | March 2013

April 21, 2013 by Thom Abbott

 

Listing inventory is up 100% in Luxe Midtown for March, 2013. Considering that in January, there were no homes on the market, and now we have THREE!

This boutique condo community is located about 1/2 block from Piedmont Park!

Midtown Atlanta Market Report | Luxe Midtown | March 2013

 

Midtown Atlanta Market Report Luxe Midtown Atlanta March 2013

 

Let’s look at the March Sales Activity for Luxe Midtown Atlanta….

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

  • Three 2 Bedroom homes are listed from $400,000 – $660,000 — Average List Price: $566,000

PENDING LISTINGS (UNDER CONTRACT) (0)

SOLD (2)

  • Two 2 Bedrooms at $495,000 and $612,000 — Average Sold Price: $553,000

2012 SALES ACTIVITY COMPARISON

  • There were no sales in March, 2012

 

Search Luxe Midtown Atlanta Homes For Sale HERE

 

 

 

 

 

 

 

 

 

Filed Under: Condominiums of Midtown, Market Reports Tagged With: Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

Midtown Atlanta Market Report | Viewpoint Midtown | March 2013

April 21, 2013 by Thom Abbott

 

Midtown Atlanta Market Report | Viewpoint Midtown | March 2013

 

Viewpoint Midtown Atlanta Market Report March 2013

 

 

Let’s look at the Sales Activity in March for Viewpoint Midtown Atlanta:

ACTIVE LISTINGS (6) (Down 3 from January’s Report)

  • Six 2 Bedroom Homes Listed ranging from $350,000 – $419,000  — Average List Price: $373,450

PENDING LISTINGS (UNDER CONTRACT) (4)

  • Two 1 Bedroom Homes at $225,000 and $229,000 — Average List Price: $227,450
  • Two 2 Bedroom Homes at $275,000

SOLD (4) 

  • Two 1 Bedrooms at $178,000 and $205,000 — Average Sold Price: $191,450
  • Two 2 Bedrooms at $348,000 and $362,000 — Average Sold Price: $355,000

2012 SALES ACTIVITY COMPARISON 

  • One 1 Bedroom at $210,000
  • Four 2 Bedrooms ranging from $250,000 – $340,000 — Average Sold Price: $290,000

The Average 2 Bedroom Sold Price jumped from $302,000 in January to $355,000 in March.

 

Search Homes For Sale in Viewpoint Midtown Atlanta HERE!

Filed Under: Condominiums of Midtown, Market Reports Tagged With: Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

Midtown Atlanta Market Report | Spire Midtown Atlanta | March, 2013

April 21, 2013 by Thom Abbott

 

Spire Midtown Atlanta is one of the Novare “sisters” of condo buildings in Midtown Atlanta. The developer first started with Metropolis, then Spire and finally Viewpoint.

Spire Midtown Atlanta continues to be a popular choice for condo buyers in Midtown.

Midtown Atlanta Market Report | Spire Midtown Atlanta | March, 2013

 

Spire Midtown Atlanta Market Report March 2013

 

Let’s Look at the Sales activity in Spire…

ACTIVE LISTINGS (12)  (Up From 6 in January’s Report)

  • Four 1 Bedrooms ranging from $149,000 – $199,000  — Average: $169,925
  • Eight 2 Bedroom listings ranging from $309,900 – $675,000. — Average: $419,538  ($347,000 with out combined units)

PENDING LISTINGS (UNDER CONTRACT) (4)

  • Two 1 Bedrooms at $135,000 (One is a Short Sale at $127,000)
  • Two 2 Bedrooms at $399,500 (Take out the combined unit and the average is $299,000)

SOLD (4)

  • Two 1 Bedrooms at $179,700
  • Two 2 Bedrooms at $304,500

You might recall from the January 2013 Market Report where I said it would not be long and you will not get a 2 bedroom in Spire for under $300,000? Looks like that just happened!

Another clear indication that prices are rising!

Search Spire Midtown Homes For Sale Here!

Filed Under: Condominiums of Midtown, Market Reports Tagged With: Midtown Atlanta Market Reports, midtown atlanta real estate

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Thom Abbott

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