WOW! Take a look at the calendar, and in a bit more than 30 days, the First Quarter of 2014 will already be gone! Yikes! But, it’s never to late to take a look back when it comes to real estate. Where have we been, and perhaps…where are we going?
Midtown Atlanta Market Report | Spire Midtown Atlanta | Year End 2013
As we completed our review of the top selling Midtown Atlanta condominium buildings, Spire Midtown Atlanta held the #5 slot for top selling buildings. (Spire was #4 in 2012 and we’ll compare the numbers in a moment.)
In 2013, Spire saw total sales of 33 homes. There were 16 One-bedrooms, 16 Two Bedrooms (what are the chances of that!) and one Three Bedroom sold. The average Sales price of a 1-bedroom was $175,181. In 2012, it was $152,536.
The Average Sales price of a 2-bedroom was $324,806 in 2013 compared to $ 311,633 in 2012.
So we saw a pretty dramatic increase in the one bedroom sales price compared to two bedrooms. And this trend is continuing for 2014 as a couple one bedroom sales have passed the $200,000 sales price.
Spire Midtown Atlanta is still a very popular choice among Midtown Atlanta condo buyers. The building has just recently completed a renovation of the main lobby and club room. I suspect we will see the residential corridors in the not to distant future.
