Midtown 2017-2018 Market Snapshot: Condos and Townhomes

Big city life. Neighborhood feel. 

Midtown has become Atlanta’s true destination for the ultimate live, work and play lifestyle. This has lead to a booming development of high-rise and mid-rise condos, loft conversions and townhomes.

The story of real estate in Midtown continues to be one of low inventory and high buyer demand. The available inventory of condos and townhomes in Midtown is at a historic low of just 8 weeks and the sold price of these properties increased 5% in 2017. Available homes went under contract in an average of just 41 days, often with multiple offers and over list price.

 

2017 MARKET STATS

802 Homes Sold: Down 4%

$270,000 Median Price: Up 5%

41 Days Time on Market: Up 23%

8 Weeks Inventory: No Change

2018 Outlook

Midtown is hip, exciting and perfectly situated in the heart of Atlanta. Real estate in Midtown offers direct access to many of the city’s finest parks, theaters, shops and restaurants as well as excellent transportation access. We expect buyer demand for homes to increase in 2018 as Midtown becomes ever-more popular with homebuyers and investors who want a cultural enclave with beautiful homes, buildings, parks and open spaces. Buyer will continue to tour new developments and place deposits for homes that will to be completed in 2018 and even 2019.

If you will be buying or selling a property in 2018, please contact us to discuss your opportunities in today’s market.

 

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