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 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.