The Atlantic Condos of Atlanta have been through some rough waters in recent years, as the Atlanta condo market worked to absorb huge amounts of inventory that came on the market just as conditions started to worsen. Now it looks like the remaining 324 never-before-lived-in condos are going to be available immediately for lease. The new owner, Midtown Residences LLC, has decided to capitalize on the booming rental market while delaying sales until the market turns.
New Atlanta Condos Selling Well
January 13, 2012 By Leave a Comment
According to a story in the Atlanta Journal-Constitution, it appears that the condo price reductions seen recently in Atlanta have cause demand to increase leading several buildings to sell out. The Luxe tower in Midtown has only one remaining unit for sale, and Horizon at Wildwood is down to their last two units. In fact, according to real estate consulting firm Haddow & Co., sales of intown Atlanta condos passed 1,000 last year compared with only 636 in 2009.
Some real estate developers are predicting that we may even see price increases in the coming years as inventory dwindles. They note that the newer buildings are selling out, and that there is little to no new development on the horizon to introduce new units to the market.
Midtown Atlanta Condo Guide
September 8, 2011 By Leave a Comment
These are just a few of the high-rise condominium options you have in the Midtown Atlanta area: