It’s not surprising condo closings above $1,000,000 haven’t been all too great in the past year, but the question is are luxury sales picking up in Atlanta? Slow and steady wins the race? In today’s real estate climate, luxury developers are willing to give incentives to buyers, but would rather keep their pricing where it is – and that means units stay on the market sitting empty for months. Some luxury projects have not seen any new sales this year, and those include The Mansion on Peachtree, W Downtown Atlanta Residences and the St. Regis Residences in Buckhead.

Most of the movement in the condo market has been in the lower and middle end, leaving room for a huge buyers market in the upper end of the spectrum. That being said, what are luxury condo buyers purchasing above $1,000,000? Penthouses! When you look at the sales below, you’ll notice 5 of the 8 closings have been penthouse sales. Two more are in my favorite building – Sovereign. In that building, buyers are purchasing the larger units and nothing under $1,000,000 has closed. The Astoria also closed a larger unit very close to the million dollar mark. Unit size and location do matter!

1. Ritz-Carlton Residences Buckhead Penthouse 3401 | Closed on 3/16 for $2,582,500 (MLS Available Properties)
2. Sovereign Unit 4301 | Closed on 2/7 for $2,100,0000 (MLS Available Properties)
3. Sovereign Unit 4101 | Closed on 2/24 for $1,775,000 (MLS Available Properties)
4. 10 Terminus Place Penthouse 3201 | Closed on 2/15 for $1,700,000 (MLS Available Properties)
5. 10 Terminus Place Penthouse 3101 | Closed on 2/15 for $1,300,000 (MLS Available Properties)
6. Gallery Residences Penthouse 2602 | Closed on 3/31 for $1,000,000 (MLS Available Properties)
7. The Astoria Unit 904 | Closed on 2/11 for $935,000 (MLS Available Properties)
8. 805 Peachtree Penthouse 605 | Closed on 1/31 for $725,000 (MLS Available Properties)

In the second quarter of 2011, Sovereign, the Ritz-Carlton Residences and The Brookwood are set to close condos above $1,000,000.

There are numerous ways to search for properties on the internet today. It’s almost overwhelming! Sites like realtor.com, zillow.com, trulia.com, as well as the numerous agent websites, are a dime a dozen. Most buyers and sellers I speak with tell me they perform searches on 3-4 different sites on average. Going to that many sites can only cause confusion. In today’s blog post, I’m going to talk about my own site (http://www.atlantaSKYrise.com – what a surprise) and how you can use it to keep track of what’s going on in the market without a lot of difficulty.

My site is updated  throughout each and every day with the newest properties to hit the market, so it will show every single property available in Atlanta and the surrounding areas – provided they are listed in the MLS. For newer condo buildings, please contact me to find out what is available. Sometimes the developer will only put a handful of listings in the MLS, while there are still a good number available to purchase.

Highlight updates include: You can now enter in an actual street address when performing a search, making it super easy to locate the property you are trying to locate. You can receive results for properties that are currently in pending, back-up or contingent status. Infinite scrolling of properties without reloading! Click Here for More Photos & the Rest of the Feature

I’m pleased to be in included the company of such esteemed experts. Flip through the latest issue of the Men’s Book Atlanta to see what we had to say.

Highlights on atlantaSKYrise ®:

• Convenient drop down to select your luxury condo project
• Access to all available Atlanta Penthouse listings
• Multiple Options available to view available properties
  • Search by Interactive map
  • Search the entire MLS database live. Search condos, plus single family homes and & rentals
  • Search within a specific map area
  • Search pre-foreclosure and foreclosures
  • Search for price changes
• Register to save your searches and favorite properties
• Connect with me through an Instant Chat application.
• Receive email alerts when I update my blog or send my e-blasts

Remember to sign up for automatic updates!

Take a look at my site and let me know what you think.

Highlights on atlantaSKYrise ®:

• Convenient drop down to select your luxury condo project
• Access to all available Atlanta Penthouse listings
• Multiple Options available to view available properties
  • Search by Interactive map
  • Search the entire MLS database live. Search condos, plus single family homes and & rentals
  • Search within a specific map area
  • Search pre-foreclosure and foreclosures
  • Search for price changes
• Register to save your searches and favorite properties
• Connect with me through an Instant Chat application. A message will be sent to my cell phone and I’ll call you right back
• Receive email alerts when I update my blog or send my e-blasts

Remember to sign up for automatic updates!

Take a look at my site and let me know what you think.

Highlights on atlantaSKYrise ®:

• Convenient drop down to select your luxury condo project
• Access to all available Atlanta Penthouse listings
• Multiple Options available to view available properties
  • Search by Interactive map
  • Search the entire MLS database live. Search condos, plus single family homes and & rentals
  • Search within a specific map area
  • Search pre-foreclosure and foreclosures
  • Search for price changes
• Register to save your searches and favorite properties
• Connect with me through an Instant Chat application. A message will be sent to my cell phone and I’ll call you right back
• Receive email alerts when I update my blog or send my e-blasts

Remember to sign up for automatic updates!

Take a look at my site and let me know what you think.