Metropolis
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: 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...
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...
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,...