It’s yet another stellar number for a high-profile building in Buckhead.
The Ritz-Carlton Residences Buckhead managed to close 55 of its luxury condominiums in Buckhead, closing $39,570,400 in 2012 (with an average sales price of $719,462). It’s another great number for the condo market, as out inventory continues to dwindle. With no new condo buildings for 2013 and beyond (except rental buildings), I expect to see a very strong resale market in the not-so-distant future.
So how did the Ritz-Carlton Residences Buckhead manage to close so many units last year? They had the benefit of waiting to come to market until the timing was right. Other buildings came to market and then had to reduce their pricing in order to generate sales – like Terminus (remember those huge discounts?). The developers of 3630 Peachtree were quite smart in waiting. There have been no severe price reductions and buyers were able to get a lot for their money. Each unit comes with a storage space, a minimum of two-parking spaces (even for a one-bedroom unit), motorized shades and a complete kitchen Viking® appliance package (including a gas range), plus a washer/dryer. And lets not forget the legendary services of the Ritz-Carlton as well.
What’s left for sale in the building? Check it out below, but call me for information. They have limited inventory.