Market Report Note: Beginning in 2017, we will post Market Reports for Cornerstone Village on this page, versus a separate blog post. If you are interested in values and what is happening in this community, we suggest you bookmark this page for future reference.
Cornerstone Village was created from two historic building that were converted to condominiums, along with two buildings of new construction in 1999. The community takes up an entire city block. While newer high rise buildings have commanded higher prices, Cornerstone Village has always represented “value” to the Midtown Atlanta condo buyer. This may be due in part to the 4 different buildings, coupled with the amenities being spread out in the community.
If you would like to learn more, visit Cornerstone Village Condominiums.
2016 Year End Market Report
What a difference a few years can make in real estate! Post market crash, there were 1 bedroom opportunites in Cornerstone for $50-60,000! Now, those same homes are selling for close to $200,000, if not a bit more. Let’s look at how Cornerstone Village did in 2016:
In 2016, 40 homes sold in this community. That breaks down as follows:
29 One Bedroom Homes ranging from $147,000 – $216,000. The average Sales Price for a 1 bedroom was $168,483 in comparison to $155,812 in 2015. That’s an 8% increase in ONE year! (Note: in 2015, the lowest price sale was $120,000 vs. the $147,000 in 2016!)
2 Two Bedroom, 1 bath homes sold at $233,000 and $257,000
8 Two Bedroom, two bath homes sold ranging from $285,000 – $332,000. (Note: in 2013 the same two bedrooms were selling at $170,000!)
And 1 3 bedroom home sold for $354,000.
We used to always call Cornerstone Village our “Peachtree Street Value Address.” But with the one bedrooms now pushing over $200,000, it’s still less than most newer highrise buildings, but certainly not as inexpensive as it once was.
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(all data current as of 2/23/2019)
Data last updated: 2/23/19 1:46 PM PST.
Walk Score provided by walkscore.com.