This month, we’d like to “officially welcome” Windsor Over Peachtree to our Monthly Midtown Atlanta Market Report. Nothing personal about the building, it just take time to get all these reports out each month! Yikes!

Windsor Over Peachtree is an apartment conversion, similar to 1280 West Condominiums in that they do not have washer/dryer connections in the homes. Another difference in this building is the the laundry facilities are located in a central area in the building, rather than on each floor. When I’ve been in the building showing rentals, I’ve asked people about the laundry situation and they say they’ve never had to wait to use machines. BUYING a condominium and not having washer/dryer connections might not work for everyone, but the prices are also much lower than other Midtown Atlanta condominium buildings.

Midtown Atlanta Market Report | Windsor Over Peachtree |January 2013

Just like we saw in the report of 1280 West (and you’ll see in MANY of the Midtown Atlanta condo buildings) there is not much For Sale.

• 1 One Bedroom Listed at $65,000
• 3 Under Contract — Two 1-bedrooms at $47,000 and $59,000 and 1 2-bedroom at $72,900
• There were No Sales in January, 2013

As a comparison to January, 2012 there also were no homes sold.

While a bit farther from the GATech campus, this is another “value option” for parents looking to purchase a condo for their GATech student.

This will be our first Market report for 1280 West Condominiums. We had not had this building on our list, for numerous reasons.

1280 West is a conversion for a former corporate apartment building, and as such, homes do not have washer/dryer connections in them. Some owners have “tossed” the dishwasher for euro-washers to have this convenience in their home. However, there are laundry facilities on each floor.

Midtown Atlanta Market Report | 1280 West Condominiums | January 2013

As is the story in most of the Midtown Atlanta condominium buildings, there is not much inventory at 1280 West.

• 1 One Bedroom is listed at $105,000
• An incredible EMPTY ENTIRE Floor is listed at $965,000. (I’ve got to get some photos of this one!)
• 12 Homes are Under Contract, ranging from $40,000 – $105,000
• There were no Sales in January, 2013.

As a comparison, in January, 2012 there were 5 Homes sold, ranging in price from $26,500- $59,000. This building was hit hard by foreclosures and short sales and may take some time to see the prices come back up.