Atlanta Condos For Sale

Midtown Atlanta Market Report | Dakota Condominiums | January 2013

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Dakota Condominiums has been without any homes For Sale for a few months. That has suddenly changed as we have some new opportunities in this great Midtown Atlanta condominium building.

Midtown Atlanta Market Report | Dakota Condominiums | January 2013

 

Dakota Condominiums Midtown Atlanta Market Report January 2013

Here is a review of the 4 homes that are Active Listings:

  • An oversized 1 bedroom (1200 sq. ft) is listed at $238,500
  • Three 2 bedrooms are listed at $314,000, $479,000 and $519,000.
  • No Homes SOLD in January, 2013

Interesting point….the listing at $519,000 is a townhome floor plan that I represented the Sellers on when they sold it!! It sold then (2007) for $468,000. The current owners have done some upgrading in the bathrooms and other parts of the town home. It will be interesting to see how this one pans out!

Midtown Atlanta Market Report | Peachtree Walk Condominiums | January 2013

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Peachtree Walk Condominiums used to be tucked off of Peachtree Street and sort of away from the action. Not any more! With the arrival of the 12th and Midtown development, there is plenty happening on 11th and 12th Streets, where the building is located!

Those needing to take MARTA to work, or to the airport, will find the Midtown MARTA station just 1 block away on 10th Street! This building offers some great values to the Midtown Atlanta condo buyer, and with changes to the interior of your home, you can make a condo that really stands out when it comes time for resale.

Midtown Atlanta Market Report | Peachtree Walk Condominiums | January 2013

Midtown Atlanta Real Estate Market Reports Peachtree Walk

 

January, 2013 and Peachtree Walk are further proof of the limited inventory available in Midtown Atlanta!

  • 3 Active Listings include a 1- Bedroom listed at $109,900 and Two 2-Bedrooms listed at $159,000 and $174,000.
  • No Homes Under Contract!
  • One Home Sold in January, a  2 Bedroom at $150,000

In January, 2012, one 2-bedroom home sold for $127,000! Compare that to the sale this year….and you can see that Midtown Atlanta real estate prices are on the way up!

Click Here for more information about Peachtree Walk Condominiums!

If you are looking to make a move, whether it’s buying or selling Midtown Atlanta real estate, let’s talk!

I’ll buy the coffee! 

Sending

Midtown Atlanta Market Reports | Peachtree Lofts | January 2013

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Peachtree Lofts was one of the very first condo conversions in Midtown Atlanta! A former office building was gutted and the insides redesigned with a variety of floor plans. The building arrived on the scene before granite and stainless steel kitchens were the “must haves.” However, get one of these at the right price, and renovate it, and you will have a jewel in cool building!

Midtown Atlanta Market Reports | Peachtree Lofts | January 2013

 

Midtown Atlanta Market Report Peachtree Lofts January 2013

In January, here’s a snapshot of what was happening in Peachtree Lofts:

  • 4 Homes Listed For Sale — a 1 bedroom at $200,000 and three 2- bedrooms ranging from $179,000 – $264,000
  • Two 1-Bedrooms are Under Contract with List Prices of $110,000 and $132,000
  • One home SOLD in January, a 2-bedroom at $252,000

In January, 2012 the building had only 1 sale, a 1-bedroom at $97,900.

Notice a pattern here? Look at the SOLD price in 2012 and the Under Contract Price in 2013! Prices are headed in the right direction, especially with limited inventory to choose from!

Click Here to learn more about Peachtree Lofts and the Homes For Sale!

Midtown Atlanta Market Report | Ansley Above The Park | January 2013

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This Midtown Atlanta favorite is located directly across from Piedmont Park in Midtown Atlanta! How convenient to visit the Green Market or attend one of the many festivals held in the park.

Many homes in this building have not been renovated…giving a buyer a great opportunity to customize a home. The building is still holding on prices, so one has to be careful not to pay to much and then over improve the condo with renovations!

Midtown Atlanta Market Report | Ansley Above The Park | January 2013

 

Midtown Atlanta Market Reports Ansley Above The Park January 2013

A bit more inventory here with 5 homes listed For Sale, ranging in price from $209,000 – $474,000.

There were no sales in January, 2012 or 2013!

Click here for more information about Ansley Above The Park! 

Midtown Atlanta Market Report | Windsor Over Peachtree |January 2013

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This month, we’d like to “officially welcome” Windsor Over Peachtree to our Monthly Midtown Atlanta Market Report. Nothing personal about the building, it just take time to get all these reports out each month! Yikes!

Windsor Over Peachtree is an apartment conversion, similar to 1280 West Condominiums in that they do not have washer/dryer connections in the homes. Another difference in this building is the the laundry facilities are located in a central area in the building, rather than on each floor. When I’ve been in the building showing rentals, I’ve asked people about the laundry situation and they say they’ve never had to wait to use machines. BUYING a condominium and not having washer/dryer connections might not work for everyone, but the prices are also much lower than other Midtown Atlanta condominium buildings.

Midtown Atlanta Market Report | Windsor Over Peachtree |January 2013

Midtown Atlanta Market Reports Windsor Over Peachtree January 2013

Just like we saw in the report of 1280 West (and you’ll see in MANY of the Midtown Atlanta condo buildings) there is not much For Sale.

  • 1 One Bedroom Listed at $65,000
  • 3 Under Contract — Two 1-bedrooms at $47,000 and $59,000 and 1 2-bedroom at $72,900
  • There were No Sales in January, 2013

As a comparison to January, 2012 there also were no homes sold.

While a bit farther from the GATech campus, this is another “value option” for parents looking to purchase a condo for their GATech student.

Midtown Atlanta Market Report | 1280 West Condominiums | January 2013

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This will be our first Market report for 1280 West Condominiums. We had not had this building on our list, for numerous reasons.

1280 West is a conversion for a former corporate apartment building, and as such, homes do not have washer/dryer connections in them. Some owners have “tossed” the dishwasher for euro-washers to have this convenience in their home. However, there are laundry facilities on each floor.

Midtown Atlanta Market Report | 1280 West Condominiums | January 2013

 

Midtown Atlanta Market Report 1280 West January 2013

As is the story in most of the Midtown Atlanta condominium buildings, there is not much inventory at 1280 West.

  • 1 One Bedroom is listed at $105,000
  • An incredible EMPTY ENTIRE Floor is listed at $965,000. (I’ve got to get some photos of this one!)
  • 12 Homes are Under Contract, ranging from $40,000 – $105,000
  • There were no Sales in January, 2013.

As a comparison, in January, 2012 there were 5 Homes sold, ranging in price from $26,500- $59,000. This building was hit hard by foreclosures and short sales and may take some time to see the prices come back up.

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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