ATL Condo Deals
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 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: 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...
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...
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...
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...
Foreclosures Vs. Relocations, Vs. Shorts Sales and Approved Short Sales
As I meet with Buyers, especially new home Buyers I tend to relay this message over and over so I thought I would just blog it on here today. In this post, I am going to walk through the four kinds of “distressed sales”. 1.) Foreclosures Foreclosures are historically one of my favorite kinds of Real Estate to help my Buyers purchase, and to purchase for my own portfolio. With a foreclosure, historically the price has often been below market and depending on how long the property has been on the market, considerable concessions could be had. Recently, one of my clients...
Half of 2013 is just about in! The market remains very robust!
So June is well under way, and I am happy to say my firm already has over 3 million in deals closed this year by the end of June. My clients have been able to receive the best of the best in terms of Highrise, Midrise, Loft and Investment values this year. When seeking a Condo for sale in Atlanta GA, there is nowhere else to turn. Interestingly, as I was surfing last night I noticed a new Real Estate site. There are in fact many in the past few years that attempt to rank firms, brokers and agents and apply various degrees of analytics. As many of you know I...