Cornerstone Village Market Report 2009-2010
Cornerstone Village Market Report 2009-2010
It’s the New Year, and so it is time to look back and compare 2010 to 2009 at Cornerstone Village Midtown Atlanta.
Cornerstone Village 2009 2010 Sales Activity
Cornerstone Village saw a minimal sales increase of 7 to 9 homes from 2009 to 2010. Unfortunately, the Average Sales price did not move the same way.
In 2009, 5 – 1 Bedroom homes sold for an Average Sales Price of $119,840 compared to 8 homes sold in 2010 at an Average Sales Price of $94,300.
There were two 2 Bedroom homes sold in 2009 with an Average Sales Price of $218,450. But in 2010, only one home sold, a foreclosure, sold for $125,786. ( I remember previewing this unit….they TOOK the kitchen sink…and they were NOT worth taking!)
Currently, there are 10 – 1 Bedroom homes with an Average List Price of $87,730 and two 2 Bedroom homes with an Average List Price of $184,500.
Cornerstone Village is another Midtown Atlanta community that has some great values for the first time buyer or investor. However, they community has no leasing permits available. A purchaser would need to be an owner occupant, or be able to hold the property long term for potential re-sale.
Cornerstone Village Peachtree Street
