Atlanta condo sales improved during the 1st half of 2011 according to the The haddow Report, an Atlanta-based real estate consulting firm. A total of 482 units were closed on or pending as of June 30th. By comparison, 463 units were sold in the 1st half of 2010, and 368 units were sold during the 2nd half, 2010.
The Haddow Report covered 93 active condo projects containing a total of 6,817 units in downtown Atlanta, out to Buckhead and then east to Decatur. In their sample, there were 2,369 units reported as unsold inventory.
Over all, home prices in the metropolitan Atlanta market continue to be depressed at this point even though, traditionally, this is one of the better times to sell a home oe condo in this mnarket. Atlanta home prices fell 6.8% from June, 2010 through June, 2011 according to CoreLogic. State wide, Georgia home prices also were down 6.8% in the period. Mark Fleming, chief economist for CoreLogic, says, "While there is a consistent and sustained seasonal improvement in prices over the last 3 months, prices are still lower than a year ago due to the decline in prices after the expiration of the 2010 tax credit program.
It is hoped that we see a continuation of the slight increase in condo sales volumes in the 1st half continuing for the rest of 2011. That would be a positive sign for the greater Atlanta Georgia real estate market and will help reduce the on-hand inventory so home prices can begin to recover.
Subscribe to:
Post Comments (Atom)
6 comments:
Condo slaes are up slightly here in Sarasota Florida, too, but the overhang of unsold units contihues to depress prices. I do believe, however, that we've seen the worst of this amd better times are on the way.
Condo sales are picking up here in the Sarasota-Bradenton market but it is disguised by the fact that our snowbirds have left and that always reduces sales volume from the end of May through September. Ignoring the snowbird drop, I think things are actually beginning to pick up.
A very good and highly recommended site for the first timer sex tourists in Thailand. I also enjoyed reading the posts about Pattaya girls. Keep up the good work!
Pattaya Villas Properties | Property in Pattaya | Condos House Rental Properties
If you really want beautiful luxury homes and condos, come visit me in Sarasota Florida
Been to Atlanta and loved the downtown livng space options
I have seen several condos in the downtown Atlanta area that are absolutely exquisite.
Post a Comment