Market Reports Archives

Midtown Atlanta Market Report | Viewpoint Midtown Atlanta, January 2012

February 6, 2012 by Thom Abbott

Viewpoint Midtown Atlanta, probably one of the most successful and popular Midtown Atlanta condominium buildings has SOLD OUT! So now all future sales will be resales.

Built by Novare, Viewpoint Midtown Atlanta is a cousin to Spire Midtown and Metropolis Midtown, as well as Realm Buckhead and Eclipse Buckhead and Twelve Atlantic Station. But, you’d probably have to call her the First Cousin, even though she came last. From her lobby to the amazing 11th/12 Floor amenties, this is one great condo community.

For January, 2012, there are currently 9 Active Listings. 5 two-bedroom homes have an Average List Price of $308,580 and 4 one bedroom homes have an average list price of $175,175. There are 3 homes Under Contract. 2 of these are non-distressed sales with an average price of $267,400 and one home Pending Lender Approval (short sale) is at $205,000. There were no closings in January for the building. Here’s a picture of this activity:

9 active listings in Viewpoint Midtown Atlanta, which has over 375 homes is an indication of the reduced inventory for a Midtown Atlanta condo buyer to choose from. Here are the current listings in Viewpoint Midtown Atlanta:

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855 Peachtree Street NE #2914, Atlanta, GA

855 Peachtree Street NE #2914
Atlanta, GA

$499,000
- Lot Size
- Home Size
  
  1,000 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
855 Peachtree Street NE #2911, Atlanta, GA

855 Peachtree Street NE #2911
Atlanta, GA

$415,000
- Lot Size
- Home Size
  
  838 sqft
- Beds
  
  2 Beds
- Baths
  
  1 Bath
855 Peachtree Street NE #1508, Atlanta, GA

855 Peachtree Street NE #1508
Atlanta, GA

$379,900
- Lot Size
- Home Size
  
  803 sqft
- Beds
  
  2 Beds
- Baths
  
  1 Bath
855 Peachtree Street NE #1201, Atlanta, GA

855 Peachtree Street NE #1201
Atlanta, GA

$374,900
- Lot Size
- Home Size
  
  802 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street NE #1308, Atlanta, GA

855 Peachtree Street NE #1308
Atlanta, GA

$365,000
- Lot Size
- Home Size
  
  803 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street #1412, Atlanta, GA

855 Peachtree Street #1412
Atlanta, GA

$310,000
- Lot Size
- Home Size
  
  748 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street NE #1312, Atlanta, GA

855 Peachtree Street NE #1312
Atlanta, GA

$300,000
- Lot Size
- Home Size
  
  748 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath

See all Real estate matching your search.
(all data current as of 11/22/2024)

Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Data last updated: 11/22/24 12:15 AM PST.

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For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Housing Market Myths | Atlanta INtown Paper

February 3, 2012 by Thom Abbott

Via Scoop.it – Midtown Atlanta Condos

If a new Midtown Atlanta home or condo is in your sights, is now a good time to buy? Should you consider buying or selling INtown Atlanta Real Estate? Listen to some of my peers….I’ve been saying the same thing! If a home is priced right, it is going to sell at, or near the list price. Don’t think you are going to negotiate $20k off the price. Maybe 5%, but you will be in serious competition with the lower inventory you have to choose from.
Via www.atlantaintownpaper.com

Midtown Atlanta Market Report | Cornerstone Village December, 2011

January 29, 2012 by Thom Abbott

In our Midtown Atlanta Market Report for Cornerstone Village, we see an interesting trend. Well at least for Cornerstone Village. Earlier in the year, homes were selling for as low as $64,900! More recent sales have pushed the $90,000 mark. In real estate, the big question is always, “have we hit the bottom yet?” Cornerstone Village very well may have done that, and already be on the rebound. Of course if more foreclosures or short sales occur, this trend could easily change.

Cornerstone Village consists of 4 different buildings, and at one point the the two older buildings (800 and The Manor House) commanded higher selling prices. I would suspect that as the market changes and improves, this will again be true. So, if you can find a great floor plan in either of these buildings and at a great price, it could be a wise investment.

Let’s take a look at the Market Report for Cornerstone Village.

Currently, the homes For Sale at Cornerstone Village range in price from $60,000 to $265,000. There is only one home under $100,000! I would be concerned that any of the other 1 bedroom homes will appraise at or near their list prices. 5 Homes sold in December, 2011 had an average sales price of $120,000, but 3 of those homes were well under $100,000. The listings that are currently Under Contract range from $63,000 to $73,000.

This would make it look like the market has bottomed out for Cornerstone Village, but with the lower average sales prices that has occured, it’s going to an uphill battle to appraise the current listings close to their list prices.

For More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in InTown Atlanta Real Estate single family homes and condomiums. If you are planning to Buy InTown Atlanta real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

Please use the following links to Search for Homes by Intown Atlanta Neighborhoods or Zip codes!

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!!

Midtown Atlanta Market Report | Spire Midtown Atlanta December 2011

January 28, 2012 by Thom Abbott

The Midtown Atlanta Market Report for Spire Midtown shows quite a shift in the Midtown Atlanta condo market. Just a couple years ago, you would of seen 20-30 listings in this building. Now, current inventory is only 11 homes For Sale, and only 3 sales were completed in December, 2011. Of the 11 listings, only two are listed as Short Sales. However, past sales in the building have been lower due to foreclosure and short sales, so there might be appraisal issues on those homes that are not distressed sales. Sales since August, 2011 have been below $120,000 for a couple of the homes.

Spire Midtown is still one of the most popular buildings to live in. When showing in the building, residents you speak to on the elevator, in the lobby or club room are always upbeat and positive about the community.

Here is a look at the activity for December, 2011 at Spire Midtown Atlanta.

For More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

Please use the following links to Search for Homes by Intown Atlanta Neighborhoods or Zip codes!

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!

Midtown Atlanta Market Report | Plaza Midtown Atlanta December, 2011

January 24, 2012 by Thom Abbott

Plaza Midtown Atlanta was built in 2006 on a vacant block of West Peachtree and Spring Streets. The building is known for having a Publix Market (the first of it’s kind) located on the main level of the building. In fact, residents of both Towers have elevator buttons that say “Publix” on them. The elevator delivers you to the garage level, and you can walk right into the grocery store without ever leaving the building. How cool is that! Plaza Midtown Atlanta also offers several restaurants, tanning salon and clothing stores.

Unlike a year or two ago when there were as many as 15-20 homes on the market in Plaza Midtown, the inventory is greatly reduced! Buyers looking to find a home in Plaza Midtown should be prepared with a pre-approved loan and be ready to jump on writing a contract when one comes on the market.

The current homes For Sale in Plaza Midtown Atlanta are listed below.

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950 W Peachtree Street NW #507, Atlanta, GA

950 W Peachtree Street NW #507
Atlanta, GA

$659,900
- Lot Size
- Home Size
  
  1,512 sqft
- Beds
  
  2 Beds
- Baths
  
  3 Baths
44 Peachtree Place NE #424, Atlanta, GA

44 Peachtree Place NE #424
Atlanta, GA

$499,900
- Lot Size
- Home Size
  
  1,091 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
44 Peachtree Place NW #834, Atlanta, GA

44 Peachtree Place NW #834
Atlanta, GA

$479,000
- Lot Size
- Home Size
  
  1,196 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
950 W Peachtree Street NW #1214, Atlanta, GA

950 W Peachtree Street NW #1214
Atlanta, GA

$474,900
- Lot Size
- Home Size
  
  1,196 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
950 W Peachtree Street NW #1111, Atlanta, GA

950 W Peachtree Street NW #1111
Atlanta, GA

$449,900
- Lot Size
- Home Size
  
  1,091 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths

See all Real estate matching your search.
(all data current as of 11/22/2024)

For More Information on how we can best serve your InTown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

Please use the following links to Search for Homes by Intown Atlanta Neighborhoods or Zip codes!

Brookhaven/Ashford Park 30319	Buckhead 30305
Buckhead 30327	Buckhead 30342
Chamblee 30341	Decatur 30307
Doraville 30340	Downtown Atlanta 30303
Druid Hills 30329	Dunwoody 30338
East Atlanta/Ormewood Park 30316	East Lake/Kirkwood 30317
Grant Park 30312	Midtown Atlanta 30308
Midtown Atlanta 30309	Midtown West/Collier Hills 30318
Morningside 30306	Morningside 30324

Are you looking for a specific Intown Atlanta neighborhood to focus on? Contact Thomas Ramon Realty and we can set up a search for any specific neighborhood you are looking for!

Midtown Atlanta Market Report January-October, 2011

November 13, 2011 by Thom Abbott

Nowdays, most people know the real estate market is in tough shape. But, real estate is still a very local topic. And when I say local, what is happening in the Metro Atlanta area vs. the Midtown Atlanta Market can be vastly different. And when I review the sales for the Midtown Atlanta area, the numbers will appear different than reported by Smart Numbers, the data company that tracks Atlanta real estate trends.

My report covers a specific area, as the map below shows:

Here is what the sales have been in the Midtown Atlanta Market area for January-October, 2011:

The year started off slowly, picked up steam in July, cooled a bit for August, jumped up in September, and has been back down for September and October.

And here is the Average Sales Price in the Midtown Atlanta Market area for January-October, 2011.

The January high is partially cause by a couple high-end sales that closed that month. An average of $182,350 seems to be a bit more in line.

Keep in mind, monthly numbers can be looked at and reported in so many different ways. If one month, say September as an example, has a big drop, it just shows that buyers picked up more of the lower priced condominiums that were on the market. October shows a jump back up to more consist prices with the rest of the year.

Overall, inventory is down in Midtown Atlanta Condominiums. Buildings that have had 20 and 30 homes for sale, now might have just 10 or 12 listings. As a Buyer of a Midtown Atlanta Condominium, that can be challenging for you. Not much to choose from. So, if a condo is priced right and not a short sale, it has the potential to sell quickly.

On the flip side, if you are considering placing your home on the market, you need to price it right. If done so, it should sell quickly, despite a more limited number of buyers in the marketplace right now. Overprice it…and it will sit.

Currently, the only new inventory available (with some minor exceptions) is 1010 Midtown and The Atlantic Residences. So a Buyer looking for brand new does not have much in the way of options. And with no new construction on the horizon, this should help the resale values climb in the coming months.

Thom Abbott Midtown Atlanta For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

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