Spire

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...

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...

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,...

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...