Market Reports Archives

Cornerstone Village Midtown Atlanta Annual Market Report

June 4, 2010 by Thom Abbott

Cornerstone Village Midtown Atlanta Annual Market Report

Building Name While Cornerstone Village offer both newer, modern soft-loft condos, the community also has two buildings that were built in the 20’s and 40’s that offer condominiums with all the modern conveniences, yet inside historic buildings.

Over the past couple years however, the community’s sales and prices have taken a tumble. If they rebound in the coming years, there are certainly some incredible values to be had in this building. While the below graphs reflect activity for 2007-2009, sales and prices in 2010 have remained depressed. An additional challenge for Cornerstone Village remains with the lack of FHA approval for financing.

Cornerstone Village Bedrooms

Cornerstone Village Condominums

If you are considering Buying at Cornerstone Village Midtown Atlanta give us a call! There are some great prices in this building right now, and “should” make a good long-term investment. If you have a student attending GATech, this can be a great housing option without paying rent!

Aqua Midtown Atlanta Annual Market Report

June 4, 2010 by Thom Abbott

Aqua Midtown Atlanta Annual Market Report

Watching what has happened in this building has been interesting. As we reported back in March of this year, the remaining units in Aqua Midtown were sold at auction, and the last developer-owned unit was for sale.

While Aqua Midtown offers some unique floor plans and amenities, like direct elevator access to EACH home, the building had challenges selling with the price points and finishes. Here’s a look at the building’s performance, 2007-2009.

Aqua Condominium Bedrooms

Aqua Condominiums

For more information about Aqua Midtown, contact Thom Abbott or Ray Benitez with Thomas Ramon Realty!

Midtown Atlanta Market Report – March 2010

May 22, 2010 by Thom Abbott

Midtown Atlanta Market Report – March 2010

As I prepared this report, it further proves how “local” real estate really is. If you recently read the AJC, they painted a rather gloomy picture of the real estate market. But that assessment was for what….13-15 Metro counties combined? Ok, so if you want to look at the big picture, it could present something not so pretty.

But, I like to focus on the market that you and I live in…Midtown Atlanta. And with that, I can say that in comparing March 2009 to March 2010, there is light at the end of the tunnel. Ok, not a spot light, but at least it’s light.

March 2010 vs March 2009 Numbers

Or, if you like to look at the number in a graph comparison…

Jan-March 2008-2010 Graph

When you look at just the month of March for the past 3 years, you can see how 2009 was not a good one. But when you compare 2008 to 2010, we are back up and positive. And as I’ve indicated about, a 66% increase in sales from 2009 to 2010. GOOD NEWS INDEED! Now, 60 sales in the the best in the world, but anything in the positive direction is good.

If you are considering buying or selling a Midtown Atlanta condominium, why not call the Midtown Experts! We would be happy to sit down and discuss the market with you. And if you are in a position that you may have to do a short sale, we are here to help you with, and through that process.

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