Peachtree Street
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,...
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. ...
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...
The Brownstones At Lindbergh large Townhomes over 2300 sq ft under $350k!
These are brand new LARGE brick townhomes with over 2300 square feet! At under $150 a square foot, and with only a $99 a month HOA fee, these are a bargain. it is no wonder that these are already almost sold out! 20 out of the 30 townhome slots have SOLD! These are Fee Simple as well meaning that you can lease them! Rarely do you find intown townhomes over 2,000 square feet under $400,000. These units in the low $300k range are a good deal. Having listed and sold a number of the smaller Sera townhomes in the low to upper $200k range I have a pretty good sense...
Terraces At Peachtree
This is a great value right on Peachtree. This building was built in 1997 and offers tremendous values in terms of both 1 bedrooms and 2 bedrooms. 1 bedrooms start around $80,000 and 2 bedrooms start around $140,000. This building offers a nice lobby, club room, small fitness center and a great pool with lots of chairs and social areas around it. This building is perfect for a college student at GSU, Tech, Emory, or SCAD who is seeking moderately nice accommodations at an affordable price. HOA fees clock in at around 30 cents a square foot which is pretty affordable. ...
Considering investing in Atlanta condo? These buildings still have Lease Permits!
OK, so many of you have come to me asking about investment highrise units, and even midrise condos intown. This is a recap of what is left to purchase out there for investment purposes. Basically most all buildings sold out are at their approved HOA mandated 25% rental cap. You see, if you are coming from Philly, or NY, or Boston, you may not understand the way our condo system works down here. Basically most buildings in Atlanta work very hard to ensure that the atmosphere does not turn into a bunch or renters running wild ruining the amenities and creating...
Amazing high-floor 1 Bed @ Twelve Centennial Park! $175,900
Reduced! Prime high-floor 1 bedroom at Twelve Centennial Park! List Price: $175,900 Location: Atlanta, GA 30308 Bedrooms: 1 Bath: 1 MLS/ID: 5381465 Square Feet: 743 Taxes: $2597 / 2014 (without Homestead Exemption) DESCRIPTION Prime high floor, larger 1 bedroom with custom designer finishes and fixtures. Compare and contrast this unit to the other builder finishes and you will see why this unit comes out on top! Dark Hardwoods through the home, Refrigerator and Washer and Dryer included! Twelve is one of the newest and nicest buildings in Downtown Atlanta! Amazing amenities...
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...
Ovation
This is a great building on Peachtree. Like The Eclipse it is next to the “Buckhead Atlanta” or formerly the ”Steets Of Buckhead” large retail development. Similar to Eclipse it came to market at the peak of the market and has since come down in price considerably. Guest parking is a tad difficult in this building, and the amenities tend to be on the 1st floor which is not as optimal as the other buildings with the amenities on higher floors. Units in this building tend to be around $120-180k for a 1 bedrooms and $240-300k for a 2 bedroom. There...
