In the Midtown Atlanta Market Report for Spire Midtown Atlanta May 2012, we see a decrease in inventory and increase in the homes Sold, or Pending Lender Approval. This status is most likely a short sale awaiting the bank to approve it, but on occasion, I’ve seen an agent put a foreclosure as pending lender approval, which would be incorrect.
Lets look at the picture.
- 6 Active Listings ranging in price for $175,000 to the 2 story Penthouse (2801) listed at $690,000
- 11 Listings as Pending Lender Approval ranging from $112,000 – $265,000
- 3 Listing Pending with 2 1- bedrooms at an average of $159,000 and 1 2-bedroom at $289,000.
- 5 Homes Sold in May, 2012 with the average 1-bedroom at $144,000 and the 2-bedroom at $262,000
In comparison to May, 2011, where 2 homes sold with an average sales price of $145,000
If you compare these numbers to the Spire Midtown April 2012 Report, For Sale inventory is down, but prices are both up and down depending on a 1-bedroom or a 2-bedroom.
Spire Midtown Atlanta is still a premier Midtown Atlanta condominium building that is very popular with home buyers looking for a Midtown Atlanta condominium.
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