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Atlanta Condos For Sale

Midtown Atlanta Market Report | 1010 Midtown | January 2013

February 15, 2013 by Thom Abbott

 

Now, the last remaining new construction condominium building in Midtown Atlanta,  1010 Midtown Atlanta is selling quickly. When the real estate market turned, 1010 Midtown Atlanta only “adjusted” prices once, and held firm ground on their building. As a result, the prices have remained steady.

The building has a unique location on the curve of Peachtree Street as it heads North in Midtown, hence many of the homes on the Eastern/Southern side of the building have amazing vistas of Peachtree Street, Midtown and Downtown.

With it being the last new building, activity was brisk in January. Let’s take a look…

Midtown Atlanta Market Report | 1010 Midtown | January 2013

 

Midtown Atlanta real estate market reports 1010 midtown

 

Let’s look at the breakdown of these numbers…

  • Twenty Active Listings include the following:
  • 7 One Bedroom homes ranging from $220,000 – $299,000
  • 9 Two Bedroom homes ranging from $400,000 – $749,000
  • 3 Three Bedroom homes ranging from $1,000,000 – $1,380,000
  • Under Contract Listings include the following:
  • 2 One Bedrooms at an average of $228,500
  • 4 Two Bedrooms ranging from $459,000 – $590,000
  • 1 Three Bedroom at $534,900
  • Sold Listings include the following:
  • 2 One Bedrooms at $244,000
  • 3 Two Bedrooms at $493,000
  • 1 Three Bedroom at $1,250,000

Certainly, 1010 Midtown represents some of the priciest condos sold, especially in the 2 and 3 bedroom price ranges. But you can quickly see the price appreciation trend here. SOLD 2 bedrooms at $493 and UNDER CONTRACT up to $590!!

My last word was the building is at about 85% sold. With some of the upper price points in Midtown Atlanta condos, they may be here for awhile, or they may sell, since there is no other new construction to choose from! We’ll have to watch and see for sure!

I also was told by a sales representative that they may actually RAISE prices on some of the homes. How’s THAT for an indication of a Seller’s Market?

Filed Under: Market Reports Tagged With: Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

Thom Abbott

Associate Broker, REALTOR(R)
905 Juniper Street, NE Suite 110
Atlanta, Georgia 30309
770.713.1505 Direct
404.876.4901 Office

 
 
 
 
 
 
 
 
 
 

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