Atlanta Condos For Sale

Viewpoint Midtown |Midtown Atlanta Market Report |July 2014

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Viewpoint Midtown |Midtown Atlanta Market Report |July 2014

Viewpoint Midtown was the last of the Novare-built condominium buildings in Midtown. (They have now turned to mass production of the Skyhouse Apartment building!) But the building did learn from it’s older sisters and the amenities package as well as the finishes in the condominium homes themselves were a step up.

Let’s take a look at the sales activity in July, 2014 at Viewpoint Midtown….

Viewpoint Midtown Market Report July 2014

 

 

ACTIVE LISTINGS (8)

  • Three 1 Bedrooms listed from $239,800 to $280,000
  • Five 2 Bedrooms listed from $305,000 to $394,000

PENDING LISTINGS (UNDER CONTRACT) (9)***

  • Four 1 Bedrooms listed from $219,900 to $299,900
  • Five 2 Bedroom listed from $338,000 to $399,000

SOLD (7)

  • Four 1 bedrooms ranging from $227,000 to $245,000 or an average Sold Price of $238,000
  • Three 2 Bedrooms ranging from $289,000 to $358,000 or an average of $319,166.

***An important note about prices at Viewpoint — You have to look VERY carefully at the sales numbers in this building because of the way listing agents list the properties. Viewpoint Midtown offers at least three floor plans that are a one bedroom PLUS den, NOT A TWO BEDROOM!. But many agents will list these floor plans as a 2 bedroom. For our market review purpose, we move these back to a one bedroom category where they belong. If you were to count these floor plans as two bedrooms, they do not SELL for as much as a normal 2 bedroom, and the list prices and sold prices for 2 bedrooms would be much lower.

In comparison to 2013, there was one 1 Bedroom sold for $240,000 and two 2 Bedrooms with an average of $355,500.

Learn more about and Search Viewpoint Midtown Homes For Sale Here

 

Spire Midtown |Midtown Atlanta Market Report| July, 2014

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Spire Midtown Atlanta was the second of the three Novare “sister” buildings built in Midtown. The first was Metropolis, then Spire and finally Viewpoint.

Spire Midtown is a popular choice for Midtown Atlanta condo buyers!

Midtown Atlanta Market Report |Spire Midtown| July, 2014

Spire Midtown Atlanta Market Report

Let’s look at the activity in Spire for July….

ACTIVE LISTINGS (8)

  • Five 1 Bedrooms ranging from $168,500 to $222,900
  • Three 2 Bedrooms ranging from $355,000 to $399,900

PENDING LISTINGS (UNDER CONTRACT) (5)

  • Four 1 Bedrooms ranging from $199,900 to $209,900
  • One 2 Bedroom at $359,000

SOLD (3)

  • One 1 Bedroom at $195,000
  • Two 2 Bedrooms at $345,000 and $395,000

In comparison, in July, 2013, there were two 1 bedrooms sold for $172,500 and $184,500 and one 2 Bedroom at $310,000.

Quite a jump from $310,000 to $345,000 and  even $395,000 this year. I’ve been telling Buyers that are considering a Midtown condo purchase that the prices are NOT going down.

Search Spire Midtown Homes For Sale Here

To learn more about the Spire Midtown community (or building) you can visit our Spire Midtown Community Page.

Midtown Atlanta Market Report | March 2014

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Midtown Atlanta Market Report March 2014Midtown Atlanta Market Report | March 2014

It takes time to gather all these numbers indeed~ But it’s still important information for any Buyer or Seller looking or living in Midtown Atlanta!

The Midtown Atlanta Market Report covers 27 major condominium communities located in Midtown and West Midtown! As you can imagine, it takes a moment or two to put this historical picture together of the Midtown Atlanta condominium market. And it is important to remember that this is a snapshot, moment in time look at the market!!!! 

Why do I say that? Literally as I was preparing this report the number of active listings in some buildings would change! Seriously! It might be a new listing, or one just went Under Contract! It’s a busy real estate market in Midtown Atlanta.

If you have any specific questions about this report, or a building in particular, please feel free to call me or complete the contact form below! I’d be happy to assist you.

And now…

Midtown Atlanta Market Report | March 2014

 

Building

SOLD 1BR 2014

 Avg List Price Avg Sold Price SOLD 2BR

Avg List Price

Avg Sold Price

Average SOLD Price 2013 1BR/2BR

#Active Listings
Ansley Above the Park  0 $0 $0 1 $369,000 $362,000 $0/196,500  1
Above 4 Seasons  0 $0 $0  0 $0 $0 $  5
Aqua  0 $ $ 2 $ $ $700,000 (3BR)(2014)  1
Biltmore $ $ $ $ 0
Cornerstone Village 1 $135,000 $130,000 0 $0 $0 $94,667/0  5
Cotting Court  0 $ $  0 $ $ $ 1
Dakota  1 $249,000 $242,000 4 $354,000 $352,000 $0/0  2
Luxe  0 $0 $0 0 $0 $0 $0/553,625  2
M West  0 $ $0 4 $232,000 $230,000 $0/193,030 5
MidCity Lofts  1 $219,000 $195,000 0 $0 $ $165,000/0 5
Metropolis  2 $202,950 $200,000 0 $0 $0 $135,000/262,000  14
Mayfair Ren/Tower 0 $0 $0 0 $0 $0 $0/219,000  9
Park Central 3 $159,900 $158,333 2 $219,500 $214,500 $134,000/212,125  2
Park Vue  1 $159,900 $150,000  0 $ $ $  1
Peachtree Lofts  0 $0 $0 1 $279,000 $279,000 $149,950/0  9
Peachtree Walk  0 $0 $0 0 $0 $0 $0/157,000  2
Plaza Midtown  2 $199,450 $190,750 3 $343,233 $331,533 $168,500/303,333  13
Spire  2 $179,450 $175,300 1 $340,000 $325,000 $179,750/303,000  12
Tuscany  13 $136,500 $125,954 8 $202,975 $192,935 $114,967/197,609  1
Viewpoint 1 $209,000 $205,000 6 $343,066 $333,708 $191,450/355,000   13
White Provision  0 $0 $0 2 $337,500 $322,500 $213,412/314,000  11
Windsor over Peachtree 0 $0 $0 0 $0 $0 $76,000/0   1
805 Peachtree 0 $0 $0 0 $0 $0 $0/0   4
905 Juniper 0 $ $ 0 $0 $0 $0/0  2
1010 Midtown 1 $248,000 $242,000 0 $0 $0 $237,700/536,200   7
1280 West  1 $129,900 $123,000 0 $0 $0 $76,333/136,000  8
 THE REYNOLDS  0 $0 $0 0 $0 $0 $0/0 5
 
 
 
 
 

 

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Midtown Atlanta Market Report | 1010 Midtown | Year End 2013

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1010 Midtown AtlantaAs we complete our review of the Top Ten Selling Midtown Atlanta condo buildings, it comes as no surprise as to who (or what) was the top selling building….1010 Midtown! 

Midtown Atlanta Market Report | 1010 Midtown | Year End 2013

Considering that 1010 was the only “new construction” building left to buy in Midtown Atlanta, you could say the deck was stacked in their favor! When the market took a nose-dive in 2008-2009, the developers of this building had the deep pockets to just sit on their inventory….and wait. They made only slight reductions in the prices, but otherwise, they just took the “we’ll wait for the rebound” attitude. So, when the market DID rebound in 2012 and 2013, there was but one building to go to for a condo in Midtown if you wanted it brand new.

Needless to say, it is going to be really interesting in 2014 to see who comes out on top, considering the building is now sold out!

But let’s take a look at the sales in 1010 Midtown Atlanta:

In 2013, this building topped the list with 73…yes, SEVENTY-THREE homes sold! This compares to 46 sold in 2012 (it was the #1 for 2012 as well) and 27 in 2011.

 

  • 27  One Bedroom homes sold with an average sales price of $256,997. The Average Sold Price in 2012 was $214,590.

 

  • 39  Two Bedroom homes sold with an average sales price of $507,387. The Average Sold Price in 2012 was $383,615. Are you not wishing NOW you would of bought here in 2012!

 

  • 7   Three Bedroom homes sold with an average sales price of $970,571. They ranged in price from $515,000 to $1.3 million. We did not track 3 bedroom sales in 2012.

1010 Midtown is the center of the 12th & Midtown development. There is the new 77 12th apartment building located behind the building at the corner of Crescent Avenue and 12th Streets. Across Peachtree Street is the Loews’ Atlanta Hotel, and 1075 Peachtree, the office building.

The developers have announced another apartment building next to 7712th at 11th and Crescent Avenue. And, another building is proposed for their now vacant lot at Peachtree, between 12th and 13th Streets. It is calling for 50 stories and will be a combination of apartments and condos. We’ve heard selling prices will start at $800,000! Yikes!

MidCity Lofts |Midtown Atlanta Condos | SOLD in 71Days!

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MidCity Lofts |Midtown Atlanta Condos | SOLD in 71Days!

As a real estate broker, I’m always asked, “How’s the real estate market?” To which I reply, “It’s moving.”

Perfect case in point…we listed this stunning 2 bedroom home at MidCity Lofts on December 11th, 2013. It was Under Contract on January 2, 2014 and closed on February 20, 2014.

71 days, Listing to Closing!

 

MidCity Lofts Midtown Condos For Sale

So, what does that mean to the Midtown Atlanta condo Seller AND Buyer? Simply put, priced right, your home will sell!

One of the biggest challenges we face when discussing marketing strategy and our marketing plan with potential sellers is….PRICE! Of course, every Seller wants the most money that can get for their condo or house. But by pricing your home to high, you are either chasing off potential Buyers who’s savvy agent knows the home is overpriced and does not bother to show it, or you my languish on the market and miss those critical first week to 10 days worth of showings.

Certainly, every selling situation is different. Prices in Midtown Atlanta condominium buildings can vary greatly. Perhaps another Seller had done some modifications to make their home different than others. Location (floor) and view can be another huge factor in your selling price. And there can be specific floor plans that can be harder to sell than others.

If you are considering selling your Midtown Atlanta condo, I’d be happy to meet with you and discuss the market, and how to help you get the top dollar you want, but also get you moving on to your next new home adventure!

Condos For Sale MidCity Lofts Midtown Atlanta

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Midtown Atlanta Market Report | Park Central Midtown Atlanta|Year End 2013

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Park Central Midtown Atlanta Condominiums
Park Central

Park Central Condominiums are located on Juniper and 13th Streets. This Midtown Atlanta condominium building has a great location, convenient to Piedmont Park, Colony Square and the Woodruff Arts Center.

Park Central is also one of only TWO Midtown Atlanta condominium buildings that boasts and INDOOR and outdoor pool! So during this tough winter, if you were a swimmer you were in luck here!

For the year ending, 2013, Park Central was #3 in the Top Ten Selling Midtown Atlanta Condos! 

Midtown Atlanta Market Report | Park Central|Year End 2013

In 2013, Park Central had a total of  43 homes sold. This compares to just 29 homes in 2012!

  • 19 One Bedroom homes with an Average Sold Price of $143,108. The 2012 Average Sold Price was $114,964.

 

  • 24 Two Bedroom homes with an Average Sold Price of $208,269. The 2012 Average Sold Price was $195,063.

Park Central also offers its residents an expansive fitness center, club room and a rooftop sunning area along with outdoor grills at the pool. There is guest parking available in the building garage, which in this area, close to Piedmont Park and additional condo and apartment buildings is a real PLUS!

A side note about this building and the future. The west facing homes (overlooking Juniper Street) also overlook a vacant city block. The developers of 12th and Midtown have just announced the next phase of their development, and it will be a 50 story building on this block! So the current views from these homes will be greatly impacted in the next couple years.

Park Central Midtown Atlanta Indoor Pool

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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