It was another interesting year for the Atlanta condo market. I think most sellers are going to be happy to leave 2010 behind. What about the buyers? I’m sure they are relaxing in their newly purchased condo right now thinking what a steal they were able to get (and many of my clients did just that). We have seen developers lose their projects and in turn, have those projects newly marketed again under different owners. We have seen some large luxury sales take place over the course of the year, as some luxury developers still struggle to sell their condos. Slow but steady? On the flip side, we’ve also seen some developers very close to selling out their projects completely. Music to my ears. With no new condo projects on the horizon, the selection of available properties will eventually dwindle, leaving us with a strong resale market. It will be interesting to see what happens to pricing and inventory in the market this year.
If you are thinking about purchasing, please call me. Prices are still low, so take advantage of the market and interest rates. If you are interested in selling your property, please call me for a complimentary consultation. I have a terrific marketing plan to get your condo sold.
Thank you for your support!
Have a safe and Happy New Year’s Eve!