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Atlanta Home Prices on the Rise, While Some Condos Cut Prices

by the zac team @ RE/MAX Greater Atlanta

Hello, neighbors!

 

If you've been waiting for home prices to "bounce" before selling your home, now may be a good time to pay attention. The Standard & Poor’s / Case-Shiller Home Prices Index showed that average Atlanta home prices rose 2.3 percent from June to July, which outpaced the national average of a 1.6 percent increase. The AJC reported that, “In metro Atlanta the average home price has recovered to levels last seen in February and, before that, in May 2001. But prices remain 20 percent below the peak in June 2007.” The Atlanta Business Chronicle carried a similar article, which you can read here!

 

While Atlanta home prices are on the rise in general, some local condo developers are admitting that they've priced units higher than the current market will bear. Here in Atlanta, the luxury condo market seems to have taken on a bubble of its own. The AJC reported yesterday that between 2004 and 2007, only about 24 condos were sold above the million-dollar mark. Yet, somehow, there are more seven-figure units on the market right now than have ever been sold at these prices. And they’re each dealing with the current buyer’s market in a different way. Read the article here!

 

As we learn the most recent statistics, we'll be sure to post them here for all to see. Until then, we're always happy to serve your real estate needs!

Free Atlanta Condos Home Prices Report with current homes for sale and recent sales

by the zac team @ RE/MAX Greater Atlanta

If you are curious about what Atlanta’s Midtown condos are selling for, here is an easy way to find out what these and other Atlanta high rise condos are selling for in today’s market!

Sign up now for FREE current home price reports emailed directly to you each month!! You'll get up-to-the-minute statistics based on all recent sales and current condos for sale in all price ranges. You can sign up online or call for a free, 24-hour recorded message! You can also call us directly any time at 404.564.7200!

12 Atlantic Station:
Sign up online: www.12AtlanticStationHomePrices.com
Sign up over the phone: Call 1.888.510.1884 and enter code 1594
Email us:
12AtlanticStation@zac.biz

Spire:
Sign up online: www.SpireHomePrices.com

Sign up over the phone: Call 1.888.510.1884 and enter code 1574
Email us:
Spire@zac.biz

 

Metropolis:
Sign up online: www.MetropolisHomePrices.com

Sign up over the phone: Call 1.888.510.1884 and enter code 1564
Email us:
Metropolis@zac.biz

Mayfair:
Sign up online: www.MayfairHomePrices.com
Sign up over the phone: Call 1.888.510.1884 and enter code 1554
Email us:
Mayfair@zac.biz

Plaza Midtown:
Sign up online: www.PlazaMidtownHomePrices.com
Sign up over the phone: Call 1.888.510.1884 and enter code 1584
Email us:
PlazaMidtown@zac.biz

 

905 Juniper:
Sign up online: www.905JuniperHomePrices.com
Sign up over the phone: Call 1.888.510.1884 and enter code 1534
Email us:
905Juniper@zac.biz

We just emailed out this month’s report, so don’t wait until next month – sign up today and we’ll email it to you right away!

Interested in general metro Atlanta market statistics? You can view a summary of housing statistics for the month of November here: http://zacsellsatlanta.com/blog_post.asp?post=20242.

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
1189 S. Ponce de Leon Avenue
Atlanta GA 30306
Office: 404-564-7272

 

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