Midtown Atlanta Market Reports Archives

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.

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 | 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 11/21/2024)

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: 11/21/24 1:02 AM PST.

Walk Score provided by walkscore.com.

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.

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

Metropolis Midtown Atlanta Market Report January June 2011

September 14, 2011 by Thom Abbott

When you look at real estate, and especially things like the Metropolis Midtown Atlanta Market Report for January – June, 2011, it’s always good to have an “inside perspective” on what the numbers mean. First off, Metropolis Midtown Atlanta was the “one that started it all” with regard to condominium building in Midtown Atlanta. The building has two towers, and the original plan was to have one be condominiums and the second to be apartments with shared amenities. The condo tower sold out so fast that the second tower was immediately converted to condos and sold as well.

Metropolis Midtown Atlanta was the first new construction project for Novare Group, and was the start of their climb up the ladder as THE condo builder in Atlanta. While the finishes included granite, stainless steel appliances and a choice of cabinets (well pick the right floor) the finishes were not as high end as some of the later Novare products produced. But, the building still has many unique characteristics that you will not find in other Midtown buildings, such as a double lobby entrance, huge amenities deck with pool and guest parking.

Let’s take a look at what happened in Metropolis Midtown Atlanta from 2010 to 2011.

Metropolis Midtown Atlanta Market Report Janaury June 2011

Here is where the “inside look” is important. At first glance, it looks like the Average Sales Price went up from 2010 to 2011. Well, there was one sale in 2011 for $500,000 that sends our numbers askew! Take that out, and the Average Sales Price for 2011 is actually $172,646, so we have a decrease. The Pending Sales number is back up, but we will have to see how the sales actually close to know if this is an upward trend, prices are flat, or there has been further decrease.

Metropolis Midtown Atlanta still remains a great Midtown Atlanta Condominium living option and I’d be delighted to show you the homes available in this building! Just contact me here, or call me at 770.713.1505!

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

Mayfair Renaissance/Tower Midtown Atlanta Market Report January-June 2011

September 9, 2011 by Thom Abbott

Mayfair Renaissance Tower Midtown Atlanta While many Midtown Atlanta condominium buildings make their mark on the skyline, two buildings hold a bit of a distinction on the skyline of Midtown Atlanta….Mayfair Renaissance and Mayfair Tower Midtown Atlanta.

Located on 14^th Street, these two buildings are most notable for the signature rooftop cupolas, often seen in photos of the Midtown skyline from Piedmont Park.

While the buildings look almost identical from the exterior and the interior, the primary difference is…pool or NO pool. There is a pool for the Renaissance building, but the Tower Building does not have access to it. Before my real estate time in Midtown Atlanta, I think there was a feud between the “hatfields and the mcoy’s” as it relate to the two buildings. They were not built at the exact same time, but do share a garage. But somewhere along the way, the pool became the property of the Renaissance, or always was….I’m not sure and I’ll bet a long term resident of either building will be happy to correct me accordingly.

The buildings of Mayfair Renaissance and Tower Midtown Atlanta are much more traditional in nature than the newer Peachtree Street neighbors. Lobbys are finished with marble and rich woods. Both buildings are elegant.

In terms of market activity for January-June, 2010 compared to 2011, the sales are up, but….yep…the prices are down.

The Renaissance building is a great opportunity for investors since it is one of only a couple Midtown Atlanta Condominium buildings that still has leasing permits. Here’s the numbers for Mayfair Renaissance and Tower Midtown Atlanta combined.

Mayfair Renaissance/Tower January June 2011 Market Report

Search Mayfair Renaissance and Tower Homes For Sale Here

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

Dakota Condominiums Midtown Atlanta Market Report January June 2011

September 7, 2011 by Thom Abbott

Dakota Condominiums Annual Market Report I try to be pretty factual in my Midtown Atlanta Market Reports. No muss. No Fuss. But today, we just have to say…OUCH!

The Dakota Condominiums Midtown Atlanta Market Report has some pretty low numbers in terms of sales prices and actual sales. In 2010 for the time period of January-June, there was only one sale in this 160-home community. Only one.

For 2011, there has been only one sale as well. And this is actually a strange real estate story. The Dakota Condominiums Midtown Atlanta has long been a favorite of condo buyers that were downsizing from a larger home, but still wanted space, and the feel of a home. The town home floor plans are extremely spacious, many of them over 2,000 sq. ft. But their sales have been slow at best. This report does not show our recent sale as it closed in July, 2011, but at a substantial discount from previous town home sales at $295,000.

As for 2011 information, we will even pass on creating our normal form or chart…There has been one sale at $267,500. There are currently 2 listings with an Average List Price of $319,950 and one home Pending at $235,000.

The Dakota Condominiums in Midtown Atlanta are still an incredible condo option for those buyers who either don’t want a high rise building, want a more traditional feel, or are looking for the space of a town home floor plan.

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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