Highest Atlanta Condo Sales for February 2025

February 2025 Luxury Condo Market Recap: Sales & Key Market Trends

Atlanta’s high-end condo market remained active in February 2025, with seven sales surpassing the $1 million mark. While this was a decline from January’s 17 transactions, the month was notable for a record-breaking $8.7 million sale at Graydon Buckhead (PH 2102). Sales of this magnitude are rare in Atlanta’s condo market—the last time we saw a deal this high was when Elton John’s former Atlanta condo at Park Place sold for a record $7.2 million. While this was a standout transaction, the overall luxury market in February leaned toward fewer but well-priced sales, rather than a sustained surge in ultra-high-end transactions.

The Graydon Buckhead Penthouse Sale: A Case Study in Pricing Strategy

The sale of Graydon Buckhead PH 2102 is a significant moment for Atlanta’s luxury condo market, reaffirming that there is demand for ultra-high-end properties when they are positioned correctly. While securing a buyer at this price point is no small feat, the transaction underscores the strength of the city’s evolving high-rise market. It serves as a reminder that even in a competitive landscape, the right property—when priced strategically—can achieve exceptional results.

While Graydon Buckhead PH 2102 appeared to sell in just 14 days, the full story is more complex. The unit was originally listed for $13,900,000 in May 2024 but did not sell after 156 days on market. It was re-listed at the same price in October 2024, with a subsequent price improvement to $11,900,000 in November 2024. Despite the adjustment, the unit expired unsold again after 64 more days. The breakthrough moment came in December 2024, when the property was reintroduced to the market at $9,250,000—significantly lower than its original price. Even in Atlanta’s most exclusive buildings, strategic pricing is key to securing a successful sale, as well as realizing buyers in this market are highly sensitive to pricing.

This pricing strategy generated immediate interest, leading to a contract in just 14 days and a final sale at $8,700,000 on February 18, 2025. This is still epic by any account and a huge win for the condo market, solidifying there is a place for the ultra-high end of the market.

February’s Luxury Condo Market: Shifts from January

Beyond Graydon Buckhead’s record sale, February’s top transactions showed a shift in buyer behavior compared to January. 

In February, The Dillon Buckhead continued its strong market performance, with Unit 1805 closing at $3.36 million ($1,126.30 per square foot), reinforcing its appeal among buyers seeking new-construction luxury residences. Other high-profile sales included Sovereign Unit 4202, which closed at $2.025 million, W Residences Unit 2706 at $1.975 million, and The Astoria PH 1502 at $1.55 million. 

While the total number of transactions in February was lower than in January, the price-per-square-foot values remained strong, demonstrating that well-positioned, competitively priced properties continue to command top dollar. These figures suggest that, despite some fluctuations in overall sales volume, demand for high-end condos in Atlanta remains steady, particularly in buildings offering premium amenities and prime locations.

Market Timing: Days on Market Sees Slight Improvement

In January, the average luxury condo spent 123 days on the market, influenced in part by pre-construction listings at The Dillon Buckhead, which extended listing timelines. By February, market conditions showed a modest improvement, with the average days on market (DOM) dropping to 110 days, suggesting that buyers were acting more decisively on well-priced listings.

However, the time on market still varied significantly depending on pricing and property positioning. Sovereign Unit 4202 took 246 days to sell, highlighting how some resale units require extended time to attract the right buyer. In contrast, Graydon Buckhead’s PH 2102 (after its price improvement) went under contract in just 14 days, demonstrating how the right pricing strategy can dramatically impact a property’s time on market. This variability underscores the importance of pricing properties competitively from the start, especially in Atlanta’s high-end condo market. I know this sounds like a broken record, but pricing matters.

Final Takeaways: What’s Next for Atlanta’s Luxury Condo Market?

Looking ahead, March is already shaping up to be an active month, with ten luxury condos currently pending sale. This early momentum suggests that buyer confidence remains strong, and spring could bring an uptick in transactions—particularly in newly built developments and premium locations. As always, pricing and positioning will remain critical factors for success in this evolving landscape.

While February saw fewer transactions than January, it reinforced key trends:

• • Ultra-luxury properties remain in demand, but buyers are price-conscious.
  • Properties priced competitively are selling faster, as seen with Graydon Buckhead’s PH 2102.
  • Seller concessions have decreased, suggesting a more stable luxury market.

As the market heads into the spring season, buyer demand and inventory levels will determine whether the momentum from March’s pending sales translates into a busier quarter. With pricing strategies playing a crucial role in both time on market and final sale outcomes, sellers who position their properties competitively from the start are likely to see stronger results. Additionally, while newer developments continue to perform well, established buildings with premium amenities remain highly desirable, provided they are priced in line with current market conditions. The coming months will reveal whether the trend toward fewer seller concessions and faster transactions continues, signaling a more stable, balanced luxury market in Atlanta.

Here’s the February 2025 Highest Condo Sales, ordered from Highest to Lowest Sale:

1. Graydon Buckhead Unit PH 2102, Closed on 02/18/2025 for $8,700,000 ($1,239.14 PSF) Photo Courtesy of: Beacham and Company

2. The Dillon Buckhead Unit 1805, Closed on 02/25/2025 for $3,362,000 ($1,126.30 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International

3. Sovereign Unit 4202, Closed on 02/05/2025 for $2,025,000 ($647.59 PSF) Photo Courtesy of: John Bailey Realty, Inc.

4. W Residences Unit 2706, Closed on 02/12/2025 for $1,975,000 ($600.49 PSF) Photo Courtesy of: Wynd Realty LLC

5. The Astoria Unit PH 1502, Closed on 02/10/2025 for $1,550,000 ($426.29 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International

6. Park Avenue Unit 10N, Closed on 02/12/2025 for $1,140,000 ($401.13 PSF) Photo Courtesy of: Atlanta Fine Homes Sotheby’s International

7. 1200 Ponce Unit A7, Closed on 02/06/2025 for $1,082,900 ($306.94 PSF) Photo Courtesy of: Keller Williams Realty Atlanta Midtown

** These results do not include any inventory under contract or active which a developer has not listed in the MLS. Also, it does not include any town home units. **

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