These are the sales I have compiled over the course of the year noting the 40 highest luxury condo sales for 2011! Sovereign and the Ritz-Carlton appear most often on the list, along with some additional new construction buildings (and some resales too). I kept track of the 40 highest closed luxury property sales, which resulted in $55,344,507 in sales. It’s probably not as high as we would like it, but the market has picked up significantly and this year has started off with a bang!

This is the list, ordered from the highest sale to the lowest: Click Here for More Photos & the Rest of the Feature

The days are flying by and we are pretty close to the end of the year. I’ve been super busy as the market continues to heat up and our inventory continues to shrink. I pulled the highest sales for the third quarter and the results were interesting. New construction condos are continuing to sell very well in all price ranges. Since this post is about the upper price range, I have targeted the highest sales above $700,000. You’ll notice that buyers are now going to a variety of properties and not just Sovereign like last quarter (which pretty much dominated the highest closings).

So what does the top 8 list look like?

1. Sovereign Unit 3304 | Closed on 8/12 for $1,300,000 (MLS Available Properties)
   
2. The Aberdeen Unit 1101 | Closed on 8/29 for $1,285,250 (MLS Available Properties)
3. Gallery Unit PH 2601 | Closed on 9/23 for $1,000,000 (MLS Available Properties)
4. Park Place Unit 37E&F | Closed on 8/01 for $975,000 (MLS Available Properties)
5. Ritz-Carlton Residences Buckhead Unit 1801 | Closed on 7/22 for $956,725 (MLS Available Properties)
6. Ritz-Carlton Residences Buckhead Unit 2404 | Closed on 8/04 for $799,500 (MLS Available Properties)
7. The Atlantic Unit 4502 | Closed on 7/01 for $733,033 (MLS Available Properties)
8. Astoria Unit 901| Closed on 7/29 for $726,000 (MLS Available Properties)

There is plenty of activity in the lower price range also. The under $300,000 category continues to thrive and we are starting to see a sellers market emerge. Surprising and exciting!

Next quarter we’ll see the first sale happen at the Mansion on Peachtree (since the new owners took over) and another building which has recently come back to market. Exciting stuff for the condo market and a definite sign the market is coming back to life in full force.

When a good friend of mine asked if I wanted to take a tour of Gallery in Buckhead, I was a bit skeptical. Considering Novare’s products has been pretty much the same for a number of years, I didn’t think Gallery was going to be that different. I might have to eat my words. I was pleasantly surprised by the quality of this project, granted this isn’t The Mansion. But, for a mid-range priced building, I think they have finally delivered a product that anyone can easily call home. All of the Penthouse units have been sold, but there are still plenty of condos that have choice views for sale. I really loved the public spaces in this building. The library and gallery are contemporary and classic, without being overdone. 

Gallery opened on Peachtree Road in Buckhead in December 2007. The 26-story high-rise of 203 homes is located at the corner of Peachtree and Rumson Roads and is Novare’s third development in the Buckhead neighborhood. Homes at Gallery have distinctive contemporary architecture and rich amenities that include floor-to-ceiling glass, granite countertops, 10-foot ceilings, ultrahigh-speed Internet access, reserved parking, 24-hour concierge and upscale fitness and social centers. But they also boast larger floorplans—an average of 1,700 square feet—and are augmented with such features as traditional foyers, increased storage, fine cabinetry, chef-quality appliances and expanded hardwood and ceramic flooring.

There are many additional pictures in this post. Click Here for More Photos & the Rest of the Feature