Comments on: Missing the Forest When Staring at the Trees?

By: Jason Frost

Jason Frost — Fri, 13 Feb 2009 18:21:11 +0000

Please note that to my knowledge “NONE” of the numbers quoted in the article are correct. Viewpoint had 124 closings from July-December 2008 and I would consider Viewpoint an intown condo. In that same time frame Tribute lofts closed 36, Twelve Centennial closed 30, 1010 Peachtree closed 26, etc..Fulton and Dekalb County had “New” condo closings that totalled 529 units in the second half of 2008. That is a far cry from “66″ units.

By: Kevin Grieco

Kevin Grieco — Tue, 03 Feb 2009 21:53:39 +0000

Hi Paul – I am going to answer that question. I plan on posting some 2008 Market Statistics either this week or next week.

By: Paul

Paul — Sat, 31 Jan 2009 20:36:58 +0000

One thing I’m curious about that neither the article nor your post addressed: what percentage of these sales are foreclosures? That would be a telling indication of the state of the condo market. My guess is that number is fairly high and will climb higher in 2009.

By: Dan Doughty

Dan Doughty — Fri, 30 Jan 2009 18:59:56 +0000

Thanks for giving a more accurate picture of what is going on in the market. There has never been a better time to be a buyer. I can guarantee you will not see an accurate state of the market on the front page of the ABC… they are only interested in the doom and gloom. They should be telling people to get out and buy NOW!
Regards,
Dan

By: Kevin Grieco

Kevin Grieco — Fri, 30 Jan 2009 16:20:44 +0000

I have read the article and still believe it’s misleading. Focusing only on 4 core submarkets is an inaccurate picture of the total number of new construction units sold last year in metro Atlanta. The spreadsheet I obtained from Haddow & Company didn’t have the December sales figures included.

By: Casey

Casey — Fri, 30 Jan 2009 15:52:18 +0000

First off, the report is not focused on the resale market. You can get upset about how the article is worded but the numbers reflect New Construction. The numbers also do not reflect all of metro Atlanta, just intown projects encompassing four major submarkets; it is off-base to call them incaccurate. I agree though, it is a great buyers market.

By: Kevin Grieco

Kevin Grieco — Thu, 29 Jan 2009 21:21:57 +0000

Thanks Chris for your comments!

By: Chris

Chris — Thu, 29 Jan 2009 20:45:31 +0000

Very misleading. The avg. ABC reader is very astute, I would expect this irresponsible journalism from the AJC not the business journal. Thanks for the facts Kevin.

By: Kevin Grieco

Kevin Grieco — Thu, 29 Jan 2009 20:19:05 +0000

Thanks Mike!

By: Mike Riley

Mike Riley — Thu, 29 Jan 2009 20:09:46 +0000

Kevin, I applaud your efforts, I have passed it on to several developers! Regards, Mike