Midtown Atlanta Market Report – March 2010

As I prepared this report, it further proves how “local” real estate really is. If you recently read the AJC, they painted a rather gloomy picture of the real estate market. But that assessment was for what….13-15 Metro counties combined? Ok, so if you want to look at the big picture, it could present something not so pretty.

But, I like to focus on the market that you and I live in…Midtown Atlanta. And with that, I can say that in comparing March 2009 to March 2010, there is light at the end of the tunnel. Ok, not a spot light, but at least it’s light.

Or, if you like to look at the number in a graph comparison…

When you look at just the month of March for the past 3 years, you can see how 2009 was not a good one. But when you compare 2008 to 2010, we are back up and positive. And as I’ve indicated about, a 66% increase in sales from 2009 to 2010. GOOD NEWS INDEED!  Now, 60 sales in the the best in the world, but anything in the positive direction is good.

If you are considering buying or selling a Midtown Atlanta condominium, why not call the Midtown Experts! We would be happy to sit down and discuss the market with you. And if you are in a position that you may have to do a short sale, we are here to help you with, and through that process.