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!
