Atlanta Condos For Sale

What’s My Cornerstone Village Home Worth? September 2014 Update

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While prices have certainly gone up, the seem to have stabilized this month at Cornerstone Village. But if you were fortunate to have purchased during the down market, or a 2 bedroom last year, you’ve seen some incredible price appreciation!

What’s My Cornerstone Village Home Worth?

 

Cornerstone Village Condos For Sale

 

ACTIVE LISTINGS (6)

  • Four 1 Bedrooms ranging from $129,000 to $145,000 ($129 is a short sale)
  • Two 2 Bedrooms listed at $210,000 and $229,000

PENDING LISTINGS (UNDER CONTRACT) (2)

  • Two 1 Bedrooms at $140,000 and $174,500

SOLD (3)

  • Three 2 Bedrooms at $208,500, $235,000 and $239,000. Note that two of these homes sold in less than 30 days and ALL of the homes sold at 96% of List Price.

In comparison, in September 2013, there was only one 1 Bedroom sold for $122,500. The dramatic difference in prices is found in 2 bedrooms. A like floor plan of those sold in 2014 sold in 2013 for $170,000. And it was not a distressed sale!

Cornerstone Village represents the best condo value in Midtown to be right on Peachtree Street, close to Georgia Tech and many restaurants.

Search Cornerstone Village Homes For Sale Here

What’s My Cornerstone Village Home Worth? Want to know what your Cornerstone Village condo could sell for?

Get Your Complete and Accurate Home Value Report HERE

 

 

What’s My Viewpoint Midtown Home Worth? September 2014 Update

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Viewpoint Midtown Atlanta is a popular place to live! This building is the newest sister to Spire Midtown and Metropolis Midtown.  As this month’s report shows, NO 1 bedroom homes available For Sale!

What’s My Viewpoint Midtown Home Worth? September 2014

Viewpoint Midtown Condos For Sale

 

ACTIVE LISTINGS (3)

  • Three 2 Bedrooms ranging from $310,000 to $384,000

PENDING LISTINGS (UNDER CONTRACT) (5)

  • One 1 Bedroom at $230,000
  • Four 2 Bedrooms ranging from $324,900 to $374,900

SOLD (5)

  • Two 1 Bedrooms at $210,000 and $223,000.  There was an additional 1 bedroom sold, but it was actually a 2 Bedroom that was converted to a 1 bedroom. It sold for $400,000.
  • Three 2 Bedrooms that sold from $319,900 to $389,750

In comparison, in September 2013, there were two 1 bedrooms that sold at $199,900 and $225,000. There were three 2 Bedrooms that sold, ranging from $374,000 to $379,000.  We also know earlier this year there was a 3 bedroom conversion that had been listed and was sold without a broker for $578,000.

With the exception of one floor plan that might sell at a lower price,  the 1 Bedroom homes have passed the $200,000 list and sale price! 2 Bedroom homes look to be consistent with prices in the mid to upper $300,000 range.

 

Search Viewpoint Midtown Homes For Sale Here

Get Your Complete and Accurate Home Value Report HERE

 

What’s My Luxe Midtown Home Worth? September 2014 Update

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Luxe Midtown is located just 1/2 block from Piedmont Park! It’s a “boutique” building with a lesser number of homes. And not much sales activity, so people are staying home! Let’s take a look!

What’s My Luxe Midtown Home Worth? September 2014

Luxe Midtown Atlanta Condos For Sale

 

ACTIVE LISTINGS (2)

  • One 1 Bedroom listed at $299,900
  • One of the Penthouse homes (and she IS a beauty) is listed at $1,690,000

PENDING LISTINGS (0)

SOLD (1)

  • One 2 Bedroom home was listed and SOLD at List Price of $589,000

In comparison, in September 2013, there was one 1 Bedroom sold at $296,000 and three 2 Bedrooms sold, ranging in price from $375,000 to $535,000. From these numbers, we can see that homes at Luxe command the price and hold their value!

Search Homes For Sale at Luxe Midtown Condominiums

Interested in what your Luxe Midtown Atlanta condo could sell for?

Get Your Complete and Accurate Home Value Report HERE 

What’s My Spire Midtown Home Worth? September 2014 Update

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Spire Midtown Atlanta has been, and continues to be, a popular choice among condo buyers in Midtown Atlanta.

Let’s take a look at the market activity for Spire Midtown in September.

Spire Midtown Atlanta Market Report | September 2014

 

Spire Midtown Condos For Sale

ACTIVE LISTINGS (16)

  • Eight 1 Bedrooms ranging from $180,000 to  $224,900
  • Eight 2 Bedrooms ranging from $345,000 to $419,900

PENDING LISTINGS (UNDER CONTRACT) (6)

  • Six 1 Bedrooms ranging from $168,500 to $239,900

SOLD (3)

  • Three 1 Bedrooms at $200,000, $209,000 and $220,000.  (NOTE: Sales were at 99% of List Price!)
  • NO 2 Bedrooms sold in September, but past months sales were in the $345-350,000 range.

In comparison, in September, 2013, there was just one 1 Bedroom sold at $180,000 and two 2 Bedrooms sold at $315,000.

Prices on the 1 bedroom homes have risen as the lower priced inventory has been bought up! 2 Bedrooms have slowed with several on the market at $345,000 to $359,000.

Search Spire Midtown Homes For Sale Here 

Want to know what your Spire Midtown Atlanta condo could sell for?

Get Your Complete and Accurate Home Value Report HERE

Cornerstone Village | Midtown Atlanta Market Report | July, 2014

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Cornerstone Village has always been the Midtown Mile “value” condominium building for buyers looking in Midtown Atlanta. And while it still is, you can quickly see from this Market Report that prices, especially for a two-bedroom home has climbed dramatically in the last year!

Cornerstone Village | Midtown Atlanta Market Report | July, 2014

There has been minimal inventory at Cornerstone Village over the past few months, and it’s kept the activity to a minimum as well.

Cornerstone Village Market Report July 2014

Let’s take a closer look at the activity…

ACTIVE LISTINGS (4)

  • 3 One bedrooms listed at $124,900 to $157,500
  • 1 Two Bedroom listed at $250,000 (This number will be important when we look at 2013 sales!)

PENDING LISTINGS (UNDER CONTRACT) (7)

  • 4 One Bedrooms ranging from $101,000 to $159,900 (The $101 is a Short Sale Pending Lender Approval)
  • 3 Two Bedrooms ranging from $210,000 to $237,900

SOLD

  • There were no homes sold (closed) in July of this year

Georgia Tech Off Campus HousingNow, for a comparison sake, in July 2013, there was 1 one-bedroom at $124,000 and one 2-bedroom that sold at $172,000!! Here is where I mentioned the numbers would be important. Look at the prices of two bedrooms currently listed and what is Pending…..a jump from $172,000 to $237,900!!! This is one of the most dramatic price increases we have seen in ANY Midtown Atlanta condo building!

Cornerstone Village has been very popular with parents of students attending Georgia Tech. By making a real estate investment in their son or daughter’s future, they have been purchasing a condo that their kid could share with 2-3 other students. With the price increases, this is a bit more challenging. But even to purchase now, if prices continue to go up, you should see a return on your investment, and saved all the money from the cost of on-campus housing.

Is The Metro Atlanta Home Inventory That Low?

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Metro Atlanta Home InventoryLet’s face it, real estate kind of makes the world go around. After all, it was the real estate bubble that sent the entire economy into a tail spin. And it is the rise of the housing market that will also help move the economy forward.

Just think, as more homes, condos (or in the Midtown Atlanta case….apartments!) are built, we will need more carpet, sheetrock, cabinets, light fixtures, concrete, pool chairs….the list goes on and on.

Is The Metro Atlanta Home Inventory That Low?

But as a real estate broker, I’m often asked about the inventory of homes for sale. I always, always first answer that question with the statement that real estate is local, local, local or as you may have heard, location, location, location. What that means is what is happening in Midtown Atlanta does NOT mirror what may be happening in Gwinnett County or Alpharetta.

But the recent Case-Shiller Report for Atlanta shows just how low our inventory is! Again, keep in mind this is for the Metro Atlanta area, NOT just Midtown Atlanta!

Is Atlanta real estate inventory low

What does this mean? Well, if you are shopping for a home or condo in the $100-200,000 price range, there is some really limited inventory to choose from. If you are shopping at $500,000 and above, you might find a few more options to choose from.

And some Sellers are reluctant to place their home on the market for the very reasons above. “Will be we able to find a place that we like with such limited inventory?” “If our home goes Under Contract quickly, will we have time to find something?”

Hence, it becomes the Seller’s market, because of this low inventory, many homes go Under Contract immediately (or within a couple days) and multiple offers is not uncommon!

Yes, the Metro Atlanta home inventory For Sale IS that low!

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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