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Midtown Atlanta Market Report | Spire Midtown Atlanta, May 2012

By
Real Estate Broker/Owner with MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living 272617


In the Midtown Atlanta Market Report for Spire Midtown Atlanta May 2012, we see a decrease in inventory and increase in the homes Sold, or Pending Lender Approval. This status is most likely a short sale awaiting the bank to approve it, but on occasion, I’ve seen an agent put a foreclosure as pending lender approval, which would be incorrect.

Lets look at the picture.

Midtown Atlanta Market Report Spire Midtown

  • 6 Active Listings ranging in price for $175,000 to the 2 story Penthouse (2801) listed at $690,000
  • 11 Listings as Pending Lender Approval ranging from $112,000 – $265,000
  • 3 Listing Pending with 2 1- bedrooms at an average of $159,000 and 1 2-bedroom at $289,000.
  • 5 Homes Sold in May, 2012 with the average 1-bedroom at $144,000 and the 2-bedroom at $262,000

In comparison to May, 2011, where 2 homes sold with an average sales price of $145,000

If you compare these numbers to the Spire Midtown April 2012 Report, For Sale inventory is down, but prices are both up and down depending on a 1-bedroom or a 2-bedroom.

Spire Midtown Atlanta is still a premier Midtown Atlanta condominium building that is very popular with home buyers looking for a Midtown Atlanta condominium.



Read more: http://www.mymidtownmojo.com/midtown-atlanta-market-report-spire-midtown-atlanta-may-2012#ixzz1yxiBex7I

Comments (3)

Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Thom:

Good post with interesting stats. Thanks for sharing. Have a great week. 

Jun 26, 2012 02:38 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

This is a great market report for Spire in Midtown Atlanta!  It looks like very robust and healthly activity.  You are so in sync with all that is Midtown Atlanta!

Jun 26, 2012 10:48 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi THom - Is it another hotlanta day, of course it is, it's summer, and the one time it's not hot in Atlanta during the summer is early morning and when it's raining. I love the summers in the south.

Jun 28, 2012 10:57 PM