Regent Partners has been on a roll lately and condo sales in the ultimate luxury Buckhead tower, Sovereign, have picked up steam. In 2012, 19 luxury condominiums sold for a total of $30,262,500 – which works out to be an average of $1,592,763 per unit. Compare that with 1010 Midtown closing just under the same dollar value ($29 million), but having to sell 82 more units to get there. And no, I’m not comparing the two buildings, just dollar values.
About half of the buyers at Sovereign opted to finance their purchases, while half paid cash. Financing options have become more favorable for condo buyers, which is why we are finally seeing buildings around town close more of their units.
What’s for sale at Sovereign in Buckhead, Atlanta?