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Old 02-11-2013, 07:19 PM
 
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Atlanta condo market improves for sellers - Atlanta Business Chronicle
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Old 02-11-2013, 08:51 PM
 
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It's good to see at least some recovery, even though I take it with a grain of salt.

The way I see it, there are tons of condo owners sitting out the market waiting for prices to come up before putting their units on the market. Once the prices come up, they will do so and the flood of inventory will keep prices down longer.

So I think prices will come up to a certain point, but then they will stagnate for however long it takes for everyone who has wanted to get out of this market to finally do so.
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Old 02-11-2013, 09:01 PM
 
Location: Midtown Baby!!
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Rats!!! I was hoping to buy a condo in Atlanta for under 100K! Guess I will keep renting.
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Old 02-11-2013, 10:12 PM
 
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The article was of course written by a real estate agent. It is not a researched article presenting all issues. I'm sure there is some improvement, but not to the extent they would want us to believe.

I need to sell a property (elsewhere in GA), so it is not like I am waiting for things to drop further.
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Old 02-11-2013, 10:27 PM
 
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Quote:
The article was of course written by a real estate agent. It is not a researched article presenting all issues. I'm sure there is some improvement, but not to the extent they would want us to believe.
She has several direct quotes in there on the contrary to your claim.


Anywho, as someone who has sold (as an owner) over 20 condos in the past year, I can confirm the mkt is up from the bottom. On a couple times were we not the comp leader in the building.
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Old 02-12-2013, 04:56 PM
 
Location: Midtown Baby!!
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So does this mean my dream of the 100k condo is dead?
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Old 02-12-2013, 05:04 PM
 
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Quote:
Originally Posted by Rozi30213 View Post
So does this mean my dream of the 100k condo is dead?
Far from it. You can get a three bedroom house in Atlanta for much less than that.
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Old 02-12-2013, 08:55 PM
 
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I am a buyer right now and can confirm the market has hardened. We just put in an offer of 360k on a 2 bed condo asking 399k and it was refused. Someone else jumped in a bought for $380. It was in the Cotting Court building in Midtown.

Likewise 1010 Midtown has pretty much sold our so there is for sure less inventory.

I would be shocked if prices were not significantly higher this time next year in the prime buildings.

Last edited by jpatlanta; 02-12-2013 at 09:23 PM..
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Old 02-12-2013, 09:12 PM
 
Location: The South
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We recently bought a townhome in the north burbs, after considering two others that became under contract fairly quickly to our disappointment because they were cheaper than the one we bought. However, the one we're buying will satisfy our needs in the short and possibly long-term. At least 5 yrs or longer.

We considered a house purchase, but didn't want to drop a ton of cash on a house in Windward. We noticed that homes that were priced right and in good condition have sold much quicker than others. One of the homes we were about to bid on was on the market for $300k, and it was under contract in less than 2 days.
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Old 02-12-2013, 09:43 PM
 
Location: Midtown Baby!!
119 posts, read 169,285 times
Reputation: 27
I don't want another house. I want a condo in Midtown since I'm a single girl! I knew I should have brought last year! There is a condo for sale in my unit for 39k but it needs a lot of work..
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