atlanta condos: January Atlanta Condo Sales Report | Atlanta Condo Sales Trends
- 02/24/10 03:40 AM
Atlanta Condos have increased slightly in price in the Atlanta metro area for the last 7 months, and that is a good thing, however, sales have not. There were only 382 closings in January 2010 for single family attached Atlanta homes. (Condos, lofts, townhomes etc.) This was an increase in the average sales price of 9.8% over January 2009. However, you would have to go back to January 2003 for find a lower monthly total for units sold. The Atlanta area has been hard hit with commercial overbuilding of condos and townhomes in the last few years, and we will pay the price for … (10 comments)
atlanta condos: December Condos and Townhome Sales Atlanta - Sales Trends
- 01/31/10 10:31 AM
In December in the Atlanta FMLS there were 622 closings for single family attached homes (Condos, townhomes, lofts etc) in December 2009 a 20.3% increase over December 2008. Out of the last 5 months we've had monthly year-to-year increases in closings. However when you look over the last few years of data it is a see saw ride of sales and prices for attached homes in Atlanta. ***These sales numbers are not for the City of Atlanta, but rather represent the entire Alanta Metro areas coverage of our MLS for Detached homes for sale.
… (16 comments)
atlanta condos: Atlanta Condos and Town Homes Sales Remain Sluggish
- 06/18/09 03:12 PM
The Statistics for Atlanta attached homes does not seem to be improving much. Even though a quick glance in the statistics do not look disastrous but he reality is much more bleak there are loads of town home communities, and high rise condos that are not entered into the MLS systems. Condos, including once hot new projects are sitting unsold for years, and most real estate agents are resisting listing them because they are so upside down and just do not sell. I was recently asked for advice on a condo where a buyer had purchased one last year for 185K … (4 comments)
atlanta condos: Fannie Mae - New Fee to Impact Condo Buyers
- 01/19/09 06:21 AM
I read an new article today that was very worthy of note about new fees for condos owners that are considering refinancing or condo buyer thinking of buying a condo and obtaining a mortgage. If you are thinking of buying a condos in Atlanta or refinancing, you better hurry. Effective April 1, 2009 Fannie Mae is introducing a new fee for condo buyers that put down less than 25% to buy a condo. Because of the risk associated with condo loans, Fannie Mae has come up with this fee. The new fee that Fannie Mae will charge will be .75 percent of the loan amount. On … (20 comments)
atlanta condos: Atlanta Condo Financing is it Hard to Get?
- 06/11/08 12:12 AM
I just read an interesting story in the Atlanta Journal Constitiution Onlineabout condo financing. It seems that Condo financing is pretty hard to obtain, and a lot of projects that were slated to be sold as higher or upper end condos, are nos being switched to rental units instead. In other parts of Atlanta I noticed the ground work on some major mixed use development projects has totally stopped! It seems the banks have pulled out from funding them further. First of all I cannot understand how anyone can be proceeding with any condo projects right now because the saturation of the … (4 comments)
atlanta condos: Atlanta MLS Listings Keep Rising | 88103 Active Atlanta MLS Listings
- 04/25/08 09:42 AM
Atlanta MLS Listings reached 88103 today. I predicted earlier this year that Atlanta MLS Listings will climb to all time highs this year. Atlanta MLS Listings may reach as high as 100,000 active listings in our FMLS before the end of they year due to declining sales, increased foreclosures, and a cumulative effect of unsold homes that need to sell and they are just sitting on the market. The Spring Atlanta real estate market has not benefited from the seasonal bounce in Atlanta home sales. Atlanta home sales in the month of March are showing a decline of 35.9% over March 2007 and Atlanta … (6 comments)
Atlanta Condos have increased slightly in price in the Atlanta metro area for the last 7 months, and that is a good thing, however, sales have not. There were only 382 closings in January 2010 for single family attached Atlanta homes. (Condos, lofts, townhomes etc.) This was an increase in the average sales price of 9.8% over January 2009. However, you would have to go back to January 2003 for find a lower monthly total for units sold. The Atlanta area has been hard hit with commercial overbuilding of condos and townhomes in the last few years, and we will pay the price for … (10 comments)
;)
;)
;)
