METROPOLIS MIDTOWN ATLANTA — October Market Report 2010
Metropolis Midtown Atlanta is probably best known as the building that started it all in Midtown Atlanta condominium construction. When first proposed, one tower was to be apartments and one condominiums. The first tower sold so quickly that the developers quickly converted, and sold the second tower as condos as well.
There was much hype as the building was being built, since it was the first new condo highrise to be built in Midtown Atlanta, and talk about the cranes as they lifted trees up to the 7th Floor Amenity Deck.
But the market is taking its toll on Metropolis Midtown Atlanta as it is on many others! Here’s a look at what October, 2010 had to say…
Active Listings: 16 with a range from $650,000 to $129,900 giving an average of $239,606. Of those 16 listings, 5 are short sales. None are foreclosures.
Pending Listings: 4 homes are Under Contract. Two of these are foreclosures, and one is not. One is a short sale, and it went Under Contract in August, 2010 with a proposed closing date of February, 2011!!! Yikes!
There were no sales in October, 2010.
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If I can assist you with finding a home in this building, or any of the Midtown Atlanta and Buckhead condominiums, please contact Thomas Ramon Realty!
When I first started writing my blog back in 2007, I saw all these picture on posts. Some of them you could tell were “stock” photos, or they were cartoon in nature. And I read where you should have your camera with you all the time, you never know when you might find a great picture that could be the source of a blog!
So, now I do just that. I’ve built up such a library of pictures that I honestly have a hard time keeping track of them and where they are filed. It’s not uncommon for me to spend 20-30 minutes looking for a certain picture I KNOW I have! I’m doing it partly because 
Atlanta’s Backstreet, one of only 3 places in the U.S that was a 24-Hour club (oh I remember it well and miss it as well….)
And lastly, here is a “time wharp” of two pictures that really tell it all!
As a real estate broker AND a blogger, I pride myself in learning as much as I can as often as I can. And I like to then take that knowledge and use it to help my Buyers and Sellers make the right decisions.
Are you looking for a condo or single-family home foreclosure in Midtown Atlanta, GA? The good news is, if you are looking for a condo, most of them will be in relatively good shape. I’ve not seen to many that required extensive repairs. Even if a condo has been vacant for sometime, it usually still had water service, but the power most likely has been turned off. If you are looking for single-family home foreclosures in Midtown Atlanta, GA you will want to proceed with caution. Many of these homes are much older, and “lack of use” could compound problems they may already have.
Once you find the home or condo in Midtown Atlanta, GA you are looking for, you will need to have a variety of inspections done, depending on whether it is a condo or single family home. The condo will likely require less inspections, but will require more knowledge about the condominium home owners association (HOA) and how financially stable they are. Condo owners pay a monthly maintenance fee to maintain the common elements (those areas of the building shared by everyone such as the pool, garage, lobby, etc) and if the community has not planned for a delinquency in these payments, they could have problems. Especially if it is a smaller community. I can assist you in obtaining that information in the time frame allowed within your contract. This time period, often referred to as the “due diligence” is the time you are allowed to complete inspections, assessments, finalize your financing and any other steps necessary to make sure the home or condo is in good condition and you are ready to move forward towards the purchase.
I’m sure you’ve noticed in Midtown….parking meters are now EVERYWHERE!! And there has been LOTS of confusion about the times you can park, and for how long! If you’ve had issues with this, now is your time to meet with representatives from the City of Atlanta and PARKatlanta!