I produce a good 80% of the content on this site. It’s a-l-o-t of work, let me tell you! But I enjoy it. Market reports, while a vital part of sharing the status of the Midtown Atlanta Market with you, take even more time! Due to the number of communities in Midtown (condominium buildings being a community) I’m going to do an overview of the Midtown market every other month, and then the other month will be a detailed review of the major buildings that I track.
Midtown Atlanta Market Report | February, 2013
Active Listings
Total Listings : 110
Price ranges from $54,900 at Glendale Condominiums to $1,750,000 at Above The Four Seasons
The Average List price is $349,680
Contingent Listings (Due Diligence or other)
Total Listings: 10
Price ranges from $65,000 at the Massellton to $364,000 at Viewpoint
Pending Listings
Total Listings: 40
Price ranges from $59,900 at 1280 West to $1,380,000 at 1010 Midtown
The Average List Price is $250.602
Pending Offer Approval (Lender or other Type of Approval)
Total Listings: 22
Price ranges from $55,000 at Melrose Park to $499,900 for a Penthouse home at Metropolis Midtown
The Average List Price is $143,641. (NOTE: 18 of the 22 listings are under $200,000.)
Sold
Total Listings: 35
Prices range from $39,900 at Melrose Park to $570,000 at 1010 Midtown
The Original Average List Price was $202,120, but the Average List Price at closing was $196,230. As you can see, Seller’s did not have to discount much off of their List Price to sell their home!
Of the 35 Sales, only 4 were ABOVE $300,000, 9 were between $200-300,000 and 22 were below $200,000
