Sovereign Condominium in Buckhead Closes Over $30 Million in 2012
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.
Oh yeah, and I closed two sales in the building last year (units 4502 and 3203) for a combined total of $2,925,000.
What’s for sale at Sovereign in Buckhead, Atlanta?
Kevin Grieco
kevin@atlantaskyrise.com
Thank you for visiting my condo blog! I’m thrilled to share my passion for Atlanta’s condo market with you. I prioritize delivering honest and insightful content that reflects my commitment to integrity and transparency. I am dedicated to providing you with comprehensive information, fun stories, beautiful photography and of course, gorgeous properties. While comments are currently turned off, I encourage you to get in touch with me directly. If you have any story ideas, tips to share, or simply want to chat about the market, I’m here to listen and help. Your feedback and suggestions are always welcome, as they help me create content that is both relevant and enjoyable for you. Feel free to reach out anytime. I look forward to connecting with you!
