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Viewpoint Condominium October 2014 market update

The past year has a flurry of activity within The Viewpoint.  Prices took a leg up of approximately 10% late in 2013, early 2014.     It was interesting since then, as many original owners, and those who were able to buy units on the cheap in 2010 and 2011 were able to sell and break even, if not make a handsome profit.     The announcement of possible construction on the Peachtree block between 5th and 6th street also spurred some selling midway through the year.     I am happy to point out that for the most part that selling has now abated, and remarkably prices never declined, and...

Viewpoint Condominium October 2014 market update

Residential home and condo interest rates now at their lowest point in over a year!

Uncertain economic data, Ebola or whatever the case, interest rates are dropping.   Not since May 2013 have we seen rates that are as of today hitting as low as 3.75% on a 30 year mortgage and 2.875% on a 15 year loan.      To put that in perspective lets talk a $150k loan, with say 20% down on a $180k midrise or highrise condo.   The comparable condominium will no doubt cost around $1400-1600 a month to rent, and rents will continue to rise.    Newsflash; more and more people are moving to Atlanta. So the monthly carrying costs are as follows: $150k loan is $463 per per $100k, so: $695...

Residential home and condo interest rates now at their lowest point in over a year!

Buckhead Atlanta Development is now OPEN!

2005, nearly ten years ago, I was in Manhattan working in the Fashion Industry as a Merchant for Lord and Taylor.     At the time,  although I had never been to Atlanta, everyone in the fashion industry was aware of the “Streets of Buckhead” Development to come.     An onslaught of better brands, high end restaurants (think Japonais at the time) and more were planned for this massive development.   Fast forward a few years later.  The nationwide Depression had set in, and by the time I had moved to Atlanta in the Fall of 2008 that space was simply known by most as Atlanta’s...

Buckhead Atlanta Development is now OPEN!

New Viewpoint listings! One alread under contract in 3 days!

I have been very busy working with many Buyers the past few weeks, and bidding on properties for my own portfolio.   That said, I did want to note a few of my firm’s recent listings.  One is unit 3005 at Viewpoint which is a 2 bedroom, 2 bath on the 30th floor.  It was listed last week at $324,900 and is now under contract at $320k.   Another listing, unit 1407 was just listed this week.  It has 2 bedrooms, 2 1/2 baths and I wanted to share the details of the listing below- Larger two bedroom 2.5 Bath floorplan in the Viewpoint! This 14th floor home has amazing Southern City Views...

New Viewpoint listings!   One alread under contract in 3 days!

September 2014 most attractive condo listings

September is here!     I am busy working with a wide variety of clients, and up posting a few new listings this week.   No travel the next few months, work is busy, busy.  I have intentions of getting this blog back in gear, and posting more often.   In the meantime I wanted to highlight a few of what I perceive to be the best values currently in Residential Intown Condo Real Estate. W Residences Unit 2206  3/3.5    $953,500    2761 Sq. Ft. This is a premier corner 3 bed, 3.5 bath at the W.    Unlike the other two Atlanta W Hotels, this property was built as a W, as opposed to the...

September 2014 most attractive condo listings

A new study on Renting vs. Buying Nationwide. Again Atlanta comes out as a Buy!

This study was published last week.   And although I consider it somewhat flawed since it tracks absolute dollar differences, as opposed to percentage differences, it still has relevance.      With the dollar differences, the larger cities like NYC and more expensive markets like Hawaii are of course going to be more expensive to own, especially when looked at in terms of absolute incremental dollars, as opposed to percentages.   Nevertheless, a friend sent it to me and said I should publish it, thus here it is.   http://www.marketwatch.com/story/rent-or-buy-this-map-has-the-answer-2014-04-18?link=sfmw_fb  

A new study on Renting vs. Buying Nationwide.  Again Atlanta comes out as a Buy!

Opening price point high quality alternitives to renting in Midtown and Downtown

As many know I moved to Atlanta about 6 years ago.   I had negotiated for 3 months of corporate housing, and after my first few weeks here I set out to look into housing options.   What I found at that time was that the rental markets in both Midtown and Buckhead were quite expensive.  I had predetermined that Midtown made the most sense for me.    I really don’t know why I was so quick to shun Buckhead.    At the time I think it was really just mostly the walkability aspect.     Perhaps it was the early experiences in Atlanta.  Staying at the Intercontinental Buckhead, I...

Opening price point high quality alternitives to renting in Midtown and Downtown

Introducing ATL Condo Deals’ newest agent…Jennet Lemma!

Jennet Lemma, CPA is the newest member of ATL Condo Deals team. She has a background in corporate accounting and finance. She has been a resident of Atlanta for the past 8 years and has a passion for the city and what it has to offer. She focuses on the sales and rentals of condos, townhomes, and houses in Downtown, Midtown and Buckhead areas. Jennet believes her role as an agent is first and foremost to understand her client needs. She strives to make the house buying process as informative and smooth as possible. ATL Condo Deals strives to nurture its team members with a constant supply of high...

Introducing ATL Condo Deals’ newest agent…Jennet Lemma!

People are flocking to cities worldwide at a faster pace then ever.

I found this research today on America’s top 100 Metropolitan areas.      It made me reflect on how 15-20 years ago as the internet was first exploding many pundits said that the advent of the networked economy, coupled with Starbucks expanding to distant suburbs would make the Metropolitan experience less relevant.    Couple this trend with things like HD TV for sports (they said who will go into town for the games), and the emergence of the suburban downtown renaissance and many figured the urban metro experience was going to be all but dead. Fast forward to 2014 and in looking...

People are flocking to cities worldwide at a faster pace then ever.

The latest S&P/Case-Shiller Index report. National home prices +10.8% over last year

Price continue to run, though at a more measured pace when compared to some of the insane year over year numbers that were noted last year.   An improving economy, lower interest rates then last year, and housing at a historically affordable level will continue to fuel the markets assent.   Particularly in Atlanta where I would argue the economy is stronger then much of the rest of the country. http://online.wsj.com/articles/home-prices-in-20-cities-up-10-8-on-year-case-shiller-index-says-1403614852

The latest S&P/Case-Shiller Index report.  National home prices +10.8% over last year

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