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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!

2277 Peachtree Rd NE Unit 702

Sale Price: $284,000 Location: Atlanta, GA 30309 Bedrooms: 2 Bath: 2 MLS/ID: 5729122 Square Feet: 1242 Taxes 2016: $4924 w/o Homestead Exemption DESCRIPTION: High floor, Peachtree facing, end unit.  One of the largest 2/2 condos here! Open floorplan with lots of natural light. Unlike smaller 2 bedrooms, this home has a large den or dining area.   Perfect for those who need more room. Master Bathroom has a large glass enclosed dark tile shower with amazing tole work.   Both the Master Bedroom and Bathroom are HUGE!  1 yr old Stainless steel appliances, and a brand new water heater makes this...

2277 Peachtree Rd NE Unit 702

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

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

Midtown Condo 2 bedroom prices moving up

Ok, so I was looking on the Real Estate system today (August 17, 21012) and noticed something of interest.      There were no true 1100 sq ft+ 2 bedroom glass condos on the market for less than $300k.   This is a first I have seen this since 2009.    In the Fall of 2008 it was nearly impossible to find a true 2 bedroom for under $300k at any of the glass Midtown buildings namely – Viewpoint, Spire, 1010, Plaza Midtown, Luxe, Aqua, and Metropolis.       It seems that this month we have recently started to see this play out again.   There are NO 2 bedrooms under $300k on the...

Midtown Condo 2 bedroom prices moving up

Viewpoint

This building, which opened in 2008, is now sold out. It was the best selling building in Midtown. I purchased my unit in January 2009 and am VERY happy with my 25th floor unit. The value is definitely there in terms of views, quality of people, amenities package, and the quality of construction for the price. It is my opinion that Viewpoint and 1010 will be buildings that people will be talking about well into the future. The sky was falling when I contracted to purchase my unit in December 2008. So why did I purchase? Because I knew that this building, being one of the tallest, newest, and nicest...

Viewpoint

Spire

This building, completed in late 2005, is a precursor to Viewpoint. I liken it to the stepbrother of Viewpoint. As for the amenities, the gym and pool are lacking compared to Viewpoint.    The pool is on a lower floor, and has a tall gate around it.    The gym has everything you need in terms of cardio and weight training equipment, but it loses points for being compartmentalized as opposed to an open space like Viewpoint, 1010, or Metropolis.    The clubroom (though a tad smaller), theater, and views are just as nice as Viewpoint though.   The good news is that this building is still...

Spire

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