Midtown Atlanta Market Reports Archives

1280 West Condominiums Market Report January June, 2011

August 22, 2011 by Thom Abbott

I have to be honest in that I don’t pay much attention to this Midtown Atlanta Condominium community. There are several reasons:

High HOA fees in relation to other Midtown buildings
No Washer/Dryer Hook Ups in the Homes (this building is a conversion from corporate apartments-laundry in the hall!)
Huge drop in values (although this would now make for some great values except for that HOA fee thing again)

But I did want to share what has been happening in the building with relation to sales and values and compare 2010 to 2011.

1280 West Condominiums Market Report January July 2011

Thom Abbott Midtown Atlanta Real Estate For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

1010 Midtown Market Report January-June, 2011

August 21, 2011 by Thom Abbott

1010 Midtown is one of 3 remaining Midtown Atlanta Condominium buildings that is selling new construction inventory. As a result, we are not able to get a complete picture of the activity in the building, since some sales will not be listed in First Multiple Listing Service (FMLS).

However, our comparison to the same time period in 2010 does show some marked increase in activity as well as the Average Sales Price. Keep in mind, this increased activity could be because the popular selling Viewpoint Midtown is about sold out, and has limited floor plans remaining, and NO 2 bedrooms. (Unless they are a re-sale.)

FMLS shows no Pending Contracts.

1010 Midtown Market Report January June 2011

Thom Abbott Midtown Atlanta Real Estate For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Midtown Atlanta Condo Market Report – July 2011

August 17, 2011 by Thom Abbott

It was a not so busy month in the Midtown Atlanta Condo Market in July, 2011. If you have your Midtown Atlanta Condo For Sale, these number will make you take notice about somethings in the market.

In July, there were 38 sales of condominiums in the Greater Midtown area. (I’ll define greater Midtown area in a moment)

Highest Price: $733,033 The Atlantic at Atlantic Station

Lowest Price: $ 40,000

Average: $184,743

The highest sales, as mentioned above and also one for $470,000 were at The Atlantic, pictured here. The least expensive sale was at 1280West. That building is a condo conversion that allowed people living in the building as apartments to purchase their apartments and NOT do any renovations. So some homes are not renovated and others have have been.

There are currently 374 active listings in the area with prices ranging from $759,000 to a low of $29,000.

74 homes went Under Contract in July. Of those, 35 are Pending Existing Lender Approval, or most likely short sales. The average Sales Price is $152,946.

I mentioned above about the “Greater Midtown Area” Here is the area I searched as I obtained the numbers:

Midtown Atlanta Real Estate Map

If you are planning to list and sell your Midtown Atlanta Condo, you need to price it right, and make sure it shows well.

Give me a call at 770.713.1505 or Contact Me to discuss your options for selling your Midtown Atlanta Condo.

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Ansley Above The Park Annual Market Report 2009-2010

January 15, 2011 by Thom Abbott

Ansley Above The Park Annual Market Report 2009-2010

It’s time to take a look back at 2010 and see how the year compared to 2009 and sales activity at Ansley Above The Park.

Ansley Above The Park 2009-2010

In the past couple years that I have been watching the activity at Ansley Above The Park, there have never been a huge number of sales. I think probably the primary reason is it has happy owners with it’s awesome location just across the street from Piedmont Park. It is an older building and if a unit has not been renovated, it can be quite dated.

In 2009, one 3 Bedroom home sold for $550,000 and two 2 Bedroom homes sold with an Average Sales Price of $330,000.

In 2010, one 1 Bedroom sold for $300,000 and four 2 Bedroom homes sold at an Average Sales Price of $231,212. The dramatic drop in the 2 Bedroom average was caused by two foreclosures that were sold in the $120’s!!

Currently, there are 12 Active Listings in Ansley Above The Park, ranging in price from $120,000 to $374,900. You can learn more about those listing below.

Search Ansley Above The Park Condominium Homes For Sale

Learn More About Ansley Above The Park

Buying a Midtown Atlanta Condo? Learn More!

Cornerstone Village Market Report 2009-2010

January 15, 2011 by Thom Abbott

Cornerstone Village Market Report 2009-2010

It’s the New Year, and so it is time to look back and compare 2010 to 2009 at Cornerstone Village Midtown Atlanta.

Cornerstone Village 2009 2010 Sales Activity

Cornerstone Village saw a minimal sales increase of 7 to 9 homes from 2009 to 2010. Unfortunately, the Average Sales price did not move the same way.

In 2009, 5 – 1 Bedroom homes sold for an Average Sales Price of $119,840 compared to 8 homes sold in 2010 at an Average Sales Price of $94,300.

There were two 2 Bedroom homes sold in 2009 with an Average Sales Price of $218,450. But in 2010, only one home sold, a foreclosure, sold for $125,786. ( I remember previewing this unit….they TOOK the kitchen sink…and they were NOT worth taking!)

Currently, there are 10 – 1 Bedroom homes with an Average List Price of $87,730 and two 2 Bedroom homes with an Average List Price of $184,500.

Cornerstone Village is another Midtown Atlanta community that has some great values for the first time buyer or investor. However, they community has no leasing permits available. A purchaser would need to be an owner occupant, or be able to hold the property long term for potential re-sale.

Search Cornerstone Village Homes For Sale

Learn More About Cornerstone Village Condominiums

Buying A Midtown Atlanta Condominium? Learn More!

Park Central Condominiums Annual Market Report 2009-2010

January 14, 2011 by Thom Abbott

Park Central Condominiums Annual Market Report 2009-2010

It’s time for us to look over our shoulder at 2010 and see how it compared to 2009 for sales at Park Central.

Between 2009 and 2010, Park Central Condominiums saw just about the same number of homes sell each year, but the Average Sales Price changed.

Park Central Midtown Atlanta In 2009, there were 11 – 1 Bedroom homes sold with an Average Sales Price of $143,609. 9- 2 Bedroom homes sold with an Average Sales Price of $215,655.

But, in 2010, Park Central felt the crunch as 8 – 1 Bedroom homes sold at an Average Sales Price of $135,475 and 10 – 2 Bedroom homes sold for an Average Sales Price of $198,075. But the crunch was not to hard!

Currently, there are 4 – 1 Bedroom homes listed with an Average List Price of $132,400 and 6 – 2 Bedroom homes with an Average List Price of $209,100.

Park Central Condominums still represent a great value in Midtown Atlanta, especially with their location on Juniper Street and just a 2 block walk to Piedmont Park!

1280 West Condominiums Market Report January June, 2011

1010 Midtown Market Report January-June, 2011

Midtown Atlanta Condo Market Report – July 2011

Ansley Above The Park Annual Market Report 2009-2010

Search Ansley Above The Park Condominium Homes For Sale

Learn More About Ansley Above The Park

Buying a Midtown Atlanta Condo? Learn More!

Cornerstone Village Market Report 2009-2010

Search Cornerstone Village Homes For Sale

Learn More About Cornerstone Village Condominiums

Buying A Midtown Atlanta Condominium? Learn More!

Park Central Condominiums Annual Market Report 2009-2010

Learn More About Buying a Midtown Atlanta Condo

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