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Atlanta Condos For Sale

How’s The Atlanta Real Estate Market? Just Ask This Homeowner!

January 15, 2013 by Thom Abbott

If you have ever bought or sold a home, you know that many real estate agents used to tell you, “let’s wait to list until the Spring buying season.” It had long been the order of business that from the beginning of December till early Spring, the real estate market was not so busy.

The times in real estate they have changed!

How’s The Atlanta Real Estate Market? Just Ask This Homeowner!

We listed this bright and shiny townhome located in Chamblee (a great Intown Atlanta community just North of Midtown) in mid-December. It went Under Contract on Friday!

Search Townhomes for Sale in Chamblee GA

To give you an even better idea of the real estate market, especially in Midtown Atlanta, we just completed our review of the Top Ten Selling Condo Buildings and you can see that activity was brisk last year, and most buildings show an increase in the Sales Price of homes!

If you are looking for Intown Atlanta Real estate, let me show you communities you may not have seen yet, or opportunities in condominium and townhome living, like D’Youville!

You can Search Intown Atlanta Real Estate here, or if you are looking for something specific, just complete the form below, and we can customize a search for you!

When you are ready to buy or sell Intown Atlanta Real estate, call me at 770.713.1505 or email me at Thom@MyMidtownMojo.com

If you answered No to this question, Please click on the Preferred Vendor list Above once you have completed this form. There you will find contact information and links to our recommended Mortgage Lenders.
Sending

Filed Under: Blog, Sellers Tagged With: Intown Atlanta Real Estate, Sellers

Top Ten Selling Midtown Atlanta Condo Buildings for 2012

January 11, 2013 by Thom Abbott

In Midtown Atlanta, the variety of condominium buildings range for the 36-story high-rise glass towers to the home that was converted into 4 condo units in Historic Midtown.  Midtown Atlanta offers something for almost everyone when it comes to condominium living. From the aforementioned high-rises to a mid-rise (usually 6 stories or less) we do have a variety.

Midtown Atlanta Top 10 Selling Buildings 2012Square footage in condos varies greatly depending on the building. Midtown Atlanta’s location makes it one of the most popular urban living areas in all of Atlanta. It ranks as one of the most walkable neighborhoods on the popular site, Walk Score. One can easily park their car on Friday afternoon and not need it again until the Monday morning commute to work. MARTA makes other parts of the city accessible, such as Downtown to attend a Falcon’s football game at the Georgia Dome, or easy access to the world’s busiest airport, Hartsfield-Jackson Atlanta International Airport (a mouth full!) Passion for the Arts? You’ll feel right at home in Midtown Atlanta with the High Museum, Woodruff Arts Center and the Fox Theater, just to name a few.

If you already live in Midtown Atlanta, you know the joys and benefits of living here, and your reasons are probably the same as any newcomer looking at the area! In you are a condominium buyer, that is what we specialize in, and can help you find the right Midtown Atlanta building for your life style.

And now, we proudly present….

Top Ten Selling Midtown Atlanta Condo Buildings for 2012

 

10. (Tie) White Provisions (Midtown West) and Mayfair Renaissance/Tower (14th Street)

  • White Provisions had 17 homes sold with an Average List Price of $312,312 and an Average Sales Price of $291,676. There were 16 2 bedroom homes and one 1-bedroom home sold. In 2011, the building had just 4 Sales (according to FMLS) at $253,400/237,500.
  • Mayfair Renaissance and Tower also had 17 homes sold with an Average List Price of $206,571 and an Average Sales Price of $190,091. There were 11 2-bedroom homes and 6 1-bedroom homes sold. In 2011, the building had 20 homes sold at $159,893/143,144.

9. Tuscany Condominiums (Juniper Street)

  • Tuscany had 18 homes sold with an Average List Price of $156,667 and an Average Sales Price of $142,514. There were six 2-bedrooms homes sold and 12 1-bedroom homes sold. In 2011, the building had 8 sales at $153,213/127,350.

8. Cornerstone Village (Peachtree & 5th Street)

  • Cornerstone Village had 19 homes sold with an Average List Price of $121,784 and an Average Sales Price of $108,561. There were six 2-bedroom homes and 13 1-bedroom homes sold. In 2011, the building had 26 sales at $106,896/92,941.

7. Peachtree Lofts (Peachtree & 7th Street)

  • Peachtree Lofts had 20 homes sold with an Average List Price of $153,301 and an Average Sales Price of $142,657. There were three 2-bedroom homes sold and 17 1-bedroom homes sold. In 2011, the building had 15 sales at $116,660/109,975.

6. Plaza Midtown Atlanta (West Peachtree Street & Peachtree Place)

  • Plaza Midtown Atlanta had 23 homes sold with an Average List Price of $210,696 and an Average Sales Price of $196,024. There were 12 2-bedroom homes sold and 11 1-bedroom homes sold. In 2011, the building had 41 sales at $214,386/191,867. (Note: this is one of a couple buildings that did see a decrease in the average Sales Price in 2012.)

5. Park Central (Juniper & 13th Street)

  • Park Central had 29 homes sold with an Average List Price of $167,069 and an Average Sales Price of $156,395. There were 15 2-bedroom homes sold and 14 1-bedroom homes sold. In 2011, the building had 13 sales at $153,169/139,673

4. Spire Midtown Atlanta (Peachtree & 7th Street)

  • Spire Midtown Atlanta had 30 homes sold with an Average List Price of $200,265 and an Average Sales Price of $188,412. There were nine 2-bedroom homes sold and 21 1-bedroom homes sold. In 2011, the building had 27 sales at $201,915/189,431

3. Viewpoint Midtown Atlanta (Peachtree & 7th Street)

  • Viewpoint Midtown Atlanta had 32 homes sold with an Average List Price of $274,509 and an Average Sales Price of $255,900. There were 23 2-bedroom homes sold and 9 1-bedroom homes sold. In 2011, the building had 25 sales at $235,026/215,889.

2. Metropolis Midtown Atlanta (Peachtree & 8th Street)

  • Metropolis Midtown Atlanta had 37 homes sold with an Average List Price of $211,646 and an Average Sales Price of $197,555. There were 12 2-bedroom homes sold and 25 1-bedroom homes sold. In 2011, the building had 24 sales at $202,000/180,210.

And for 2012, The Top Selling Midtown Atlanta Condo Building is…..

1010 Midtown Atlanta

 

1. 1010 Midtown Atlanta (Peachtree & 11th Street)

  • 1010 Midtown Atlanta had 46 homes sold with an Average List Price of $346,257 and an Average Sales Price of $328,498. There were 31 2-bedroom homes sold and 15 1-bedroom homes sold. In 2011, the building had 27 sales at $339,707/314,095. (Note: Since this building is still being sold by the developer, these numbers only reflect the actual homes listed in FMLS. There could of been other sales of homes that were not yet listed in FMLS.)

 

 

If you did not find the Midtown Atlanta condo building YOU live in, or are interested in, we will have market reports posted for those buildings in the coming days, and you will find them on our Midtown Atlanta Market Reports page. 

If you have any questions about this report, Midtown Atlanta condo buildings, or other Intown Atlanta Real Estate communities, please call me at 770.713.1505 or email me at Info@MyMidtownMojo.com

Filed Under: Atlanta Relocation, Blog, Condominiums of Midtown, Market Reports, Sellers Tagged With: Intown Atlanta Real Estate, Midtown Atlanta Condominiums, Midtown Atlanta Market Reports, midtown atlanta real estate

What Are Interest Rates To Buy a Midtown Atlanta Condo?

January 10, 2013 by Thom Abbott

We’ve gone through some turbulent times in real estate, no doubts there! Many people purchased when the market was hot, hot, hot and are now faced with challenges to sell based on the current market value of their condominium.

But for the Buyer, this means the values are much lower than they were in the past, and afford you the opportunity to purchase at a lower price than others may have in the past!  So there is the first part of the Buying equation — Low Prices +.

What Are Interest Rates To Buy a Midtown Atlanta Condo?

The second part of the equation, or cost to buying a Midtown Atlanta condo is your loan, and especially your interest rate, the “cost” of borrowing that money. If interest rates are low, you may be able to afford more in the purchase price of your condo because of that low rate. Well….

 

 

Less than T-H-R-E-E percent for a 15 year mortgage and 3.5% for a 30-year! That is simply amazing. Want a comparison? My own home loan is at 5.5% and my equity line at 6.5%. If ONLY I could refinance!!! But the point here is —

Low Prices + Amazing Interest Rates = Time To Buy A Midtown Atlanta Condo!!

Of course, you need to keep other factors in mind. Some of those are your personal lifestyle. Is your job secure and no foreseeable transfer coming? 99% of the Midtown Atlanta condo buildings are capped on on leasing permits, so you would not be able to rent out your condo if you had to make a job move.

You also want to “buy smart” in a building that is seeing price appreciation and is in a desirable location. That is where your real estate agent comes in!

Step Number One is to get you Pre-Approved for your mortgage, and the we can go shopping for the right Midtown Atlanta condominium for you! Give Michelle a call today and let’s put that equation to work for you!  And of course, call me at 770-713-1505 so we can talk about what you are looking for in your new home!!

Filed Under: Blog, Buyers Tagged With: Intown Atlanta Real Estate, Intown Atlanta Real Estate Buyers Guide, Midtown Atlanta Condominiums

New Property Acquired to Connect the Atlanta BeltLine with Historic Fourth Ward Park // Atlanta BeltLine

January 10, 2013 by Thom Abbott

See on Scoop.it – Other Atlanta News Events

ATLANTA, GA. – On the last day of 2012, Atlanta BeltLine, Inc. (ABI) purchased a critical property from The Trust for Public Land that will connect the

 

Thom Abbott‘s insight:

It’s going to take some time, but this entire Beltline concept is EXACTLY what Atlanta should of planned for back in the 80’s and 90’s! You’d have rail going where it needs to go as development would of happed around rail stations.

See on beltline.org

Old Fourth Ward Park on the Atlanta Beltline

Filed Under: Blog, Interesting Stories, Midtown Atlanta News and Events Tagged With: Intown Atlanta Parks, Intown Atlanta Real Estate

The Reasons People Moved in 2012

January 9, 2013 by Thom Abbott

Everybody moves in one way or another.

You move when you walk. But the kind of move I’m talking about is the place you call home. Some people will move more than others. It could be out of need, or they simply have the “ability” to move. Ability could mean they have equity in their home, a job transfer with some relocation benefits, who knows?

The Reasons People Moved in 2012

But moving is a big deal. Whether by necessity or by choice. Whether it’s across the street, across town, or across the state, it’s a big deal. Besides packing, and all that, there is the process of selecting the right real estate agent to market your home or condominium. And, if you are moving within the same city, do you use the SAME agent for both the sale of your current home, and the purchase of your next? Ah, that’s another topic.

But there can be many reasons you need to move. Whatever YOUR reason, I’m here to help make the real estate part of your move as smooth and easy as possible.

The Reasons People Moved in 2012

Filed Under: Blog, Buyers, Sellers Tagged With: Buyers, Intown Atlanta Real Estate, Sellers

Facebook – The Things That Connect Us

December 29, 2012 by Thom Abbott

It’s the last weekend of 2012! I think I just sort of realized that!

I was out of town this past week, visiting my partner’s parents in Tampa! We had a great time, and they came back to Atlanta with us to spend the New Year here. (I mean New Year’s Eve..not the ENTIRE New Year!)

So I’m not really on track today with blogs about buying or selling real estate. I’ve skipped yet another month of Market Reports for the condominiums in Midtown Atlanta. I’m just surfing before I head out for an early cocktail with a good friend. (Well, and escape the arrival of more relatives…..!)

Facebook – The Things That Connect Us

I found a video about Facebook – The Things That Connect Us. And it made me think. That’s what I do as a real estate agent. I connect people. Those that want to buy and those that want to sell.

Let Facebook connect you with people you know, or what to know. In fact, connect with ME on Facebook, if you like! You can find my Personal Page and my Business/Fan Page.

And who knows, maybe I can connect you with your next Midtown Atlanta Condominium…whether you are looking for the Buyer, or the Seller.

Filed Under: Blog, Interesting Stories, Random Topics Tagged With: Intown Atlanta Real Estate, midtown atlanta real estate, personal thoughts

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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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