Metropolis Midtown Atlanta set the stage for the growth of condominium buildings in Midtown Atlanta. While it may have been the first new high-rise on the skyline of Peachtree Street, it is still a great building with amenities for residents and some great restaurants as retail anchors at the street level.

In January, 2013, Metropolis Midtown Atlanta saw a decrease in the number of condominiums For Sale and an increase in the number of homes that are Under Contract! This is another sign of the tightening real estate market in Midtown Atlanta. Buyers have limited homes to choose from, and if priced right, new listings quickly go Under Contract, often with multiple bids!

Midtown Atlanta Market Report | Metropolis Midtown | January 2013

Let’s look at the activity in January…

• ACTIVE Listings One Bedroom  — 3 ranging from $149,000-$199,000
• ACTIVE Listings Two Bedroom — 1 at $290,000
• UNDER CONTRACT Listings One Bedroom — 4 ranging from $110,000-$175,000
• UNDER CONTRACT Listings Two Bedroom — 2 with one at $269,900 and a Penthouse at $499,900.
• SOLD Listings — There were no sales in January, 2013.

In comparison to 2012, Metropolis Midtown had Two 1 Bedrooms sold at $109,800 and 1 Two Bedroom at $456,000.

The one bedroom home prices are on the rise in this Midtown Atlanta condo building!

Luxe Midtown Atlanta had the second lowest inventory in January, 2013 with just ONE home Listed For Sale.

Located just 1/2 block from Piedmont Park, this building is a smaller condominium community with just 116 homes in the building. It is close to the park-side restaurants on Piedmont Avenue, and the restaurant corner of 10th and Piedmont.

Midtown Atlanta Market Report | Luxe Midtown | January 2013

There is one 2- Bedroom home listed at $649,000, one home Under Contract at $509,000 and no sales in January, 2013. This compares to just one 2-bedroom home that was sold in January, 2012 for $637,000.