Although not in Midtown “proper,” White Provision Residences in Midtown West are one of the last remaining condominium buildings that have Brand New, Never Lived In inventory!  Our January, 2013 report will indicate 13 homes listed, but there may be some inventory that is not showing in the MLS. However, it’s fairly safe to say the the options in White Provision are becoming limited indeed!

Midtown Atlanta Market Report | White Provision | January 2013

Here is a breakdown of the current inventory:

• Three 1 Bedroom homes ranging from $210,000-250,000
• Seven 2 Bedroom homes ranging from $275,000 – $817,000
• Two 3-bedroom homes at $395,000 and $807,000
• ONE home sold in January, a 2 bedroom at $300,000

These prices may seem a bit “all over the board” when you look at them but they vary based on the floor in the building and the square footage of the home. As an example, the one 2 bedroom home at $817,000 is actually a Penthouse home, but is only a 2 bedroom.

White Provision and the Midtown West area are a great Intown Atlanta living option. There is additional new construction happening just across the street, and around the corner, both new apartment buildings. But the completion of those buildings will just add more people and activity to the area!

Viewpoint Midtown Atlanta might be called the crown jewel of the Novare buildings that were built during the condominium building race in Midtown. (Novare built buildings all over Atlanta). It certainly seemed to evolve from their other buildings to get the finishes in the homes stepped up, and the amenities level a “one-of-a-kind” in Midtown Atlanta condo buildings.

Just like most of the condominium buildings in Midtown, Viewpoint is starting to see prices climb, especially for two bedroom homes.

Midtown Atlanta Market Report | Viewpoint Midtown | January 2013

In January, there were just NINE homes listed For Sale in the building”

• Five 1 Bedroom homes ranging from $185,000 – $239,000
• Four 2 Bedroom homes ranging from $275,000 -$379,000
• Three homes are Under Contract — a 1 Bedroom at $154,900 and Two 2 Bedrooms at $359,000 and $379,000
• One Home Sold, a two-bedroom at $302,000

To compare, and show the increase in prices, in 2012, there were two 2-bedroom homes that sold with an average sales price of $265,395. Compare that to the $302,00o from this year!!!!

Buyers that sit on the fence and wait to buy will pay for it in higher prices at Viewpoint Midtown Atlanta.

Name *

E-Mail Address *

Phone

How May I Help You? *

Just Checking You're For Real!

Spire Midtown is one of the “Sister Buildings” I refer to since it sits directly across the street from Viewpoint Midtown. Both buildings were built by Novare Group, Viewpoint being their last one before the real estate market took a “turn.”

Spire has been a very popular Midtown Atlanta condo choice ever since the building first delivered homes in 2007. While it has seen its share of short sales and foreclosures, there is clear evidence that the prices are on the rise in this building as well.

Midtown Atlanta Market Report | Spire Midtown | January 2013

There are a couple unique homes currently listed in Spire Midtown:

• Two 1 Bedroom homes listed at $159,000 and $173,000
• Two 2 Bedroom homes listed at $320,000 and $339,000
• A Penthouse (28th Floor Front Corner 2-story) home is listed at $675,000
• A combined 2 bedroom and 1 bedroom (still only a 2 bedroom) at $499,000 on the 23rd Floor
• There are Five homes Under Contract — Four 1 Bedrooms ranging in price from $169-179,000 and One 2 Bedroom at $289,000.
• One home Sold, a 1 bedroom at $190,000

In comparison, in January, 2012 there were NO sales in the building.

List prices are rising in this building, and I suspect in a few months you won’t get a 2 bedroom home for under $300,000. The building has a strong HOA, and has been quite strict on their leasing policies to keep everything in check.