Market Reports Archives

Midtown Atlanta Market Report | White Provision West Midtown | August, 2012

September 25, 2012 by Thom Abbott

One of my favorite Midtown Atlanta living options is actually in West Midtown. White Provisions. I’ve shown here numerous times but have yet to connect a Buyer. And the opportunities to own new construction are faded in this building!

As the Midtown Atlanta Market Report for White Provision, August, 2012 shows, the inventory is slowing disappearing!

White Provision currently has TWO 1-Bedroom homes listed at $225,000 and $240,000. The remaining homes are two and three bedroom floor plans. The 2 Bedrooms range from $296,000 up to $817,000. And the 3 Bedrooms range from $430-807,000.

Pending Contracts and Sales in August:

Under Contract – 1-3 Bedroom at $395,000; 2 – 2 Bedrooms at $271,000 and $289,000.
Sold – 2 bedroom at $259,000

My recent showings have had 2 bedroom homes in the mid $300,000 price range. Another example of the lower price points disappearing in the Atlanta condominium market.

There is lots of activity in the Westside and the White Provisions District. With restaurants and shopping just outside your door, and Downtown and Midtown in the distance, this is a pretty cool living option in West Midtown. You really need to check out White Provision!

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Midtown Atlanta Market Report | The Dakota Condominiums August 2012

September 24, 2012 by Thom Abbott

As we look at Market activity for Midtown Atlanta condominium buildings in August, you will see the marked decrease in available inventory, such as is seen in the Midtown Atlanta Market Report for The Dakota Condominiums, August, 2012.

The Dakota Condominiums have always been a popular Midtown Atlanta alternative to high-rise living. The floor plans are spacious and there is one building that offers two story town homes as well. But for August, 2012, there are no active listings in the building!

A 1 Bedroom is Under Contract at $219,000 and a 2 Bedroom sold for $250,000. This was a “flat” and not a town house style.

If you are a Buyer looking for Midtown Atlanta real estate, don’t look at something you like and think about it to long, it very well may be gone before you know it.

You can learn more about this building at the community page for The Dakota Condominiums.

You can see All the Market reports I’ve done for this building at the Dakota Condominiums Market Reports.

Midtown Atlanta Market Report | July 2012

August 22, 2012 by Thom Abbott

What’s Happening in the Midtown Atlanta Real Estate Market?

As you know, our Monthly Market Reports usually are broken down by each specific condominium building in Midtown Atlanta. If you don’t think those reports take time to create, think again! But, they are a microscope look at the Midtown Atlanta market. So this month, and each month forward from now on, we will also do a “birds eye view” of the Midtown Market.

Now, ask anyone the definition of Midtown,and you will get a variety of answers. So, as a disclaimer, here is the copy of the boundary map that I am using to create this specific report.

Midtown Atlanta Market Report for July, 2012

Here’s the “chart version” for those that like that type of reference point.

To look at these numbers a bit closer, the 194 Active listings actually include 10 that are on a Contingency of some sort, but it inspections or financing. There are a total of 93 homes Under Contract, but that is broken down by 32 “Pending Lender Approval” or most likely short sales, and 61 homes Under Contract via a traditional or non-distressed sale.

50 Homes Sold in July, 2012. The sales prices ranged from a low of $36,100 to a high of $469,900. How does that compare to sales of years past? Take a look at 2011, and 2010 to compare.

In July, 2011, there were 34 Homes Sold, with a price range of $43,900 to $409,900.

In July, 2010, there were 39 Homes Sold, with a price range of $59,900 to $399,900.

The number of homes sold dipped in 2011, but then rose sharply in 2012. Sales prices on the upper end have increased each year while the lower end has dropped each year.

When you consider the number of condominium homes contained in our define search area, and we only have 184 homes on the market, this is very much a Seller’s market. Buyer’s have limited inventory to choose from, and we’ve heard of numerous multi-offer situations on homes as Buyer’s compete for the home they want. It is also nice to see a higher number of Under Contract listings that are non-distressed sales.

Again, a word of caution when looking at market numbers. They can be analyzed a number of ways. But all indications are prices are on the move up, and inventory is down in the Midtown Atlanta Real Estate Market!

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Midtown Atlanta Market Report | Plaza Midtown Atlanta June 2012

August 2, 2012 by Thom Abbott

A look at the Midtown Atlanta Market Report for Plaza Midtown Atlanta for June, 2012 shows buyers do not have many options to choose from in this popular building. We also see a decrease in the number of short sales!

Let’s look at this picture in more detail:

4 Active Listings include 2 one-bedrooms at $149,000 and $179,000; and 2 two-bedrooms at $299,000 and $325,000.
2 Listings are Pending Lender Approval (short sales) at an average price of $129,149.
3 Under Contract listings are a one-bedroom at $135,000 and 2 two-bedrooms at $275,000 and $338,000.
2 SOLD Listings – a one bedroom at $165,000 and a two bedroom at $211,000

While prices may have started to inch up ever so slightly, they are still well below what owners originally paid for these homes during the height of the real estate market. Plaza Midtown Atlanta is a good building to keep a watch on if you are looking for a good buy, and be close to GATech campus.

Midtown Atlanta Market Report | Spire Midtown Atlanta June 2012

August 2, 2012 by Thom Abbott

As we review the Midtown Atlanta Market Report for Spire Midtown for June, 2012, we see some activity!

Spire Midtown Atlanta has seen its share of short sales and forclosures, and currently there are 8 homes that are short sales, Pending Lender Approval.

The breakdown is as follows:

8 Active Listings ranging in price from $174,900 to $690,000. The high priced home is a Penthouse, 2801.
8 Short Sales, Pending Lender Approval
3 Under Contract as traditional sales
1 Sold listing.

In June, 2011, Spire Midtown Atlanta had 6 sales. 2 Two Bedrooms at $250,000 and one at $215,000. The others were one-bedroom homes that ranged from $146,000-$187,000

Spire Midtown Atlanta is still a very popular Midtown Atlanta condo building and is part of the Novare Group of buildings that include Metropolis Midtown Atlanta, and Viewpoint Midtown.

Midtown Atlanta Market Report | 905 Juniper Condominiums June, 2012

July 28, 2012 by Thom Abbott

Being a smaller Midtown Atlanta condominium community with only 117 homes, the Midtown Atlanta Market Report for 905 Juniper Condominiums, June, 2012 looks different than those communities with 300-400 homes. But, the level of activity is still down compared to several years ago. 905 Juniper is located just one block off of Peachtree Street at 8th and Juniper Streets.

The breakdown of the above is as follows:

4 Active Listings ranging in price from $224,000-$649,000. (Side note, #414 is listed at $649,000 while #714 is listed at $625,000)
3 Listings are Pending Contract at $179,000, $259,000 and $350,000.
2 Listings Sold in June at an average Sales Price of $189,366. Considering there were no sales in 2011, that is good news.

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

What’s Happening in the Midtown Atlanta Real Estate Market?

Midtown Atlanta Market Report for July, 2012

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