1010 Midtown

State of the Union Spring 2017: Supply is limited and demand is only increasing!

Spring 2017.     Atlanta Condos, Townhomes and Single Family Homes continue to be in great demand.      For buildings built 2005 and newer, most all of them are hitting new all-time highs.     Buildings built prior to 2005 are split with some hitting new highs, and others still 5-20% below their pre-2008 recession levels.    Continued, historically low interest rates, an ongoing lack of new housing supply for sale, and an improving labor market that is finally surpassing an inflection point, coupled with continued, rapidly advancing Atlanta  rental pricing has pushed more and more people...

State of the Union Spring 2017: Supply is limited and demand is only increasing!

State of the Union Summer 2015: Prices are up, up and away – To the moon I say!

Everything is rising, especially homes and condos within the Perimeter.   Prices, in many cases, for many buildings, are now at pre-ression levels, and some buildings are hitting all time highs.    Continued record low interest rates, a lack of new housing supply for sale, an improving labor market, and rapidly advancing Atlanta Metro rental pricing has pushed more and more to home ownership.      The field is so crowded not that most properties are going under contract at or above list. Of my current/past ten Real Estate Brokerage transactions all have either gone under contract at (or...

State of the Union Summer 2015: Prices are up, up and away – To the moon I say!

State Of The Union: March 2015: A building by building update

It has been a while since I painted some color building by building.    That said, I wanted to run through the latest happenings and prospects of various buildings around Midtown and Buckhead.    For the most part, the economics remain the same.    There is no new supply to the condo market, and as the economy improves month by month incremental buyers continue to enter the demand side of the equation.       Of course I say there is no new supply, and there really has not been any condo building of over 40 units built in the past 8 years, but there is one development finally coming...

State Of The Union: March 2015: A building by building update

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

Spring 2014 Midtown Glass Highrise Update

Well 2014 is moving right along.  Although it did in fact start slow, the market has seen a ramp-up over the past 30 days.   The poor weather, and interest rates that had started to creep up in January likely put a damper on Buyer’s spirits.     Rates have since come down, thanks to the Ukraine struggles, and people are back in the business of buying hard assets.   In this case Condos.  Working with a number of Midtown Buyers now I have a real good pulse on how the market is trending.      Looking in the system today.   There 100 units listed and pending for Viewpoint, 1010,...

Spring 2014 Midtown Glass Highrise Update

Highrise views, new developments and their effect

Over the past few weeks in Midtown the potential for a new luxury highrise rental tower between 5th and 6th on Peachtree has been the talk.    Since the curbed.com article came out, many have been asking about the potential for this new glass building.  I would find myself fielding calls (early on a Saturday no less) from other Intown Condo Agents on the potential for this to be built.   As I have told my clients, yes I was under the assumption that it was zoned for 14 stories, and that the only place we have seen this blogged was in curbed.com.     One of my clients just closed on a...

Highrise views, new developments and their effect

Atlanta remains the number 1 moving destination

This came out late last week, I was just too busy to post it.  Penske’s Moving Division came out and said that Atlanta was the top destination (net inflows of moves) throughout the US for the 4th year in a row.     Indeed, with the recent corporate relocations of companies like Pulte Homes, Porsche North America, and others Atlanta remains one of THE growing Metropolises throughout the nation.     Here is the link to the article. http://www.businessinsider.com/penske-2013-moving-survey-2014-1 January, with regard to real estate listings, sales, and prices, all have been steady.  ...

Atlanta remains the number 1 moving destination

State of The Union Year End 2013

The year is quickly coming to a close.      The last client Sale Transaction close for the year was last Friday.   My clients closed on a very nice three story new Duplex style home in the 4th Ward just steps from Inman Park and the Highland Bakery.    With that close it brings the ATL Condo Deals volume for 2013 to $7,000,000 worth of sales transactions.   This of course does not include the rental, or management fee revenue for the year, thus 7 million is a very strong year and is in fact the best year yet for my firm. 2013 being the strongest year should be no surprise.     For...

State of The Union Year End 2013

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State of the Union November 2013

It is November 2013 and it is COLD.  It was a low of 25 this morning.       The Condominium and Single Family Home market has finally cooled off a bit as well.    Both listings and contracts for sale are slowing down across Atlanta with the seasonality taking its toll.   Nevertheless my clients are still obtaining some of the best values out there at some of the best buildings.  between October and November my clients are purchasing over 1 million dollars worth in 1010 Midtown, Buying and Selling nearly 1 million dollars worth in The Viewpoint, and are also buying homes in the East...

State of the Union November 2013

August 2013 Best Condo Deals

OK, so I really have not been blogging as much as I would like given how busy I have been this summer.  That said, I am going to try and starpooolt noting the best ATL Condo Deals monthly.  This will a rough patch primarily focused on Atlanta Intown condos with a particular emphasis on Midtown, Buckhead, Atlantic Station and Inman Park.     Below is a rough and loose cross section of the some of the best deals I have seen this month.   As I last checked these condominiums were available.  But given that they are good deals in a strong market, then may be gone now.  These are not my listings...

August 2013 Best Condo Deals

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