Atlanta Condos For Sale

Midtown Atlanta Market Report | The Dakota Condominiums | March 2013

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Midtown Atlanta Market Report | The Dakota | March 2013

 

Dakota Condominiums Midtown Atlanta Market Report

 

After a period of no For Sale inventory, we finally see some options at The Dakota. Let’s take a look…

 ACTIVE LISTINGS (4) (Same as January’s report)

  • One 1 Bedroom at $248,000
  • Three 2 Bedrooms ranging from $314,000 to $489,000

PENDING LISTINGS (UNDER CONTRACT) (1)

  • One 3 Bedroom Listed at $399,900

SOLD  No Sales in March!

2012 SALES ACTIVITY COMPARISON

  • One 2 Bedroom at $270,000

The sales activity and pricing at The Dakota has been a challenge to understand, even for us real estate professionals. The current high priced listing ($489,000) is a town home style floor plan that’s had some extensive upgrades to it. But then the home Under Contract is at $399,900!  We’ll have to watch this one on our next report and see what’s happened!

 

Search Homes For Sale at The Dakota Condominiums HERE

Midtown Atlanta Market Report | Aqua Midtown | March 2013

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Midtown Atlanta Market Report | Aqua Midtown | March 2013

 

Midtown Atlanta Market Reports Aqua Midtown

 

 

Aqua Midtown Atlanta did not see much activity in March….

ACTIVE LISTINGS (4) (UP 1 from January’s Report)

  • One 1 Bedroom Listed at $249,000
  • Two 2 Bedrooms listed at $349,000 and $369,000 — Average List Price: $359,000
  • One 3 Bedroom listed at $675,000

PENDING LISTINGS (UNDER CONTRACT) (1)

  • 1 Two Bedroom at $350,000

SOLD (1)

  • One 3 Bedroom home — interesting to note it was listed for $572,900 and sold for $700,000. I saw this home on an Broker Open House once, and I know it used to belong to a major athlete, I just don’t remember who!

2012 SALES ACTIVITY COMPARISON

  • One 2 Bedroom  at $220,000

Aqua Midtown experienced some challenges from the downturn in the market, but is slowly making a comeback. Keep in mind this building has higher than normal monthly HOA fees which impacts who can buy a home here.

 

 

 

Midtown Atlanta Market Report | Metropolis Midtown | March 2013

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Metropolis Midtown Atlanta was the true start of the changing high-rise skyline of Midtown Atlanta! This building is still a great living option in Midtown, and just had their club room renovated…and hallways are now starting with new wall coverings and carpet.

Midtown Atlanta Market Report | Metropolis Midtown | March 2013

 

Midtown Atlanta Market Report Metropolis Midtown

 

 

Let’s take a look at the March Sales activity for Metropolis Midtown Atlanta….

ACTIVE LISTINGS (14) (UP from 4 in January’s Report)

  • ELEVEN 1 bedroom homes are listed, ranging from $129,000 – $220,000 — Average List Price: $167,473
  • Three 2 Bedroom homes listed, ranging from $290,000 – $320,000 — Average List Price: $303,000

PENDING LISTINGS (UNDER CONTRACT) (5)

  • Three 1 Bedrooms ranging from $129,000 – $182,000 — Average List Price: $158,000
  • Two 2 Bedroom homes at $499,000 and $599,000 — Average List Price: $549,000
  • These two homes are unusual and not typical Metropolis listings..one is a penthouse, and the other is located on a high floor with a huge terrace, a unique home for this building

SOLD (2)

  • One 1 Bedroom at $135,000
  • One 2 Bedroom at $262,000

2012 SALES ACTIVITY COMPARISON

  • Two 1 Bedrooms at $114,000 and $141,000 — Average SOLD Price: $127,000
  • A Penthouse Home also sold in March, 2012 at $1,000,000. It was originally listed at $1.3 Million.

 

It would seem the Spring Selling Season hit Metropolis Midtown Atlanta with the big jump in the inventory! Let’s hope we see these homes move quickly!

 

Search Metropolis Midtown Atlanta Homes For Sale HERE

Midtown Atlanta Market Report | Cornerstone Village | March 2013

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Cornerstone Village is still the value leader in Midtown Atlanta, and offering a Peachtree Street address AND location! This building is also very popular with Georgia Tech Students and Parents looking to purchase off-campus h0using. 

Midtown Atlanta Market Report | Cornerstone Village | March 2013

 

Cornerstone Village Midtown Atlanta GATech Off campus Housing

 

Let’s look at the Market Report for March for Cornerstone Village Condominiums….

 

ACTIVE LISTINGS (4) (Unchanged from January’s Report)

  • Three 1 Bedroom homes ranging from $89,000 –  $165,000 — Average List Price: $131,000
  • One 2 bedroom listed at $209,000

PENDING LISTINGS (UNDER CONTRACT) (8)

  • SEVEN 1 Bedroom homes ranging from $65,000 – $100,000 — Average List Price: $78.000
  • One 2 Bedroom home at $120,000

SOLD LISTINGS (3)

  • Three 1 Bedroom homes ranging from $86,000 – $99,000 — Average Sold Price: $94,000

2o12 SALES ACTIVITY COMPARISON

  • 1 Bedroom Average Sales Price was $74,000
  • 2 Bedroom Average Sales Price was $142,000

 

The numbers here show how things go up and down in a specific building. In 2012, we thought we can cleaned out the low hanging fruit with an Average Sales price of $74,000 on 1 bedroom homes. THEN, in March, our Average Price for homes Under Contact is at $78,000, but the SOLD homes in March were at $94,000!! We’ll have to see if any of the Pending Listings sell for more than their list price.

 

Search Cornerstone Village Condos For Sale HERE

Midtown Atlanta Market Report | Windsor Over Peachtree | March 2013

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Midtown Atlanta Market Report | Windsor Over Peachtree | March 2013

 

Windsor Over Peachtree Market Reports

 

 

This “sleeper” on the South end of Midtown Atlanta, has seen some activity this month! Let’s look at Windsor Over Peachtree…

 

ACTIVE LISTINGS (0) (Down from 1 on January’s Report)

PENDING LISTINGS (UNDER CONTRACT) (5)

  • Four 1 Bedroom homes ranging from $47,000 to $65,000 — Average List Price: $57,000
  • One 3 Bedroom at $89,000 (This may be a 2 bedroom with den — never seen a 3 bedroom here!)

SOLD (1)

  • One 2 bedroom at $76,000

2012 SALES ACTIVITY COMPARISON

  • Four 1 Bedrooms ranging from $40,000 to $54,000 — Average SOLD Price: $47,000

We’ll have to watch the closings in this building, but there seems to be some movement upwards in the sales price in this value building.

Midtown Atlanta Market Report | Tuscany Condominiums | March 2013

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Midtown Atlanta Market Report | Tuscany Condominiums | March 2013

 

Tuscany Condos Midtown Atlanta Market Report

 

 

Let’s take a look at the activity at Tuscany Condominiums in March….

ACTIVE LISTINGS (5) (Unchanged from January’s Report)

  • Five 1 Bedroom homes ranging from $114,000 to $169,000 — Average List Price: $140,360

PENDING LISTINGS (UNDER CONTRACT) (3)

  • Three homes are Under Contract with 1 Bedroom average at $100,000 and 2 Bedroom at $207,000

SOLD (3)

  • One 1 Bedroom at $117,000
  • Two 2 Bedrooms at $177,000

2012 SALES ACTIVITY COMPARISON

  • There were no sales in March 2012 at Tuscany Condominiums

 

Search Homes For Sale at Tuscany Condominiums HERE

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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