Tag Archives: Atlanta condo market

2015 Market Review for Spire in Midtown Atlanta


The next in our series of Condo Market updates is ‘Spire’ on Peachtree St in Midtown Atlanta.  Spire was built in 2005.  It’s 28 stories tall and has 393 units.  It includes 21,000 square feet of retail on the ground floor and just about everything you’d need is in walking distance of this building.  This complex also features an amazing pool and amenities with great views.

We started by reviewing sales in this building in the first half of 2015.  There are currently just six units for sale here.  A two bedroom and five one bedrooms so inventory is sparse, just like all over Atlanta.  During the first 6 months of 2015 there were 13 sales of one bedroom units.  They sold for an average of $219,000 in an average of 54 days.  Ten two bedroom units sold during that same period for an average of $359,000 in just 63 days.  This shows a strong market for Spire that’s not expected to quit any time soon.

Comparing these numbers to the last half of 2014 was a little tough as we’ll explain in a moment.  During the last 6 months of 2014 there were seventeen one bedroom units sold for an average of $202,000.  This reflects an 8 – 10% increase in value over this period and that’s typical of what we’ve seen for quality condo buildings in Midtown.  Where it gets a little tougher is that only three two bedroom units sold during this time so the $363,000 average for those doesn’t tell us much.

What we do know about this market and can tell from these stats is that the midtown condo market is strong and we’re not seeing it let up anytime soon.  We just expect continued appreciation.   We’ve done an analysis of one bedroom and two bedroom units here but remember that many factors can affect value even in the same building.  Those factors can include what floor, the view, proximity to parking or amenities, finishes, etc.  So if you’re thinking of buying or selling a condo you need to contact someone who is an expert in that market.  We’d love to help you in any way we can.  Please contact us by emailing or calling us today.

Notes;  All statistics are taken from First MLS and we’ve included links below to both reports.

Spire Market Review First Half of 2015

Spire Market Review Second Half of 2014

Third Quarter Condo Stats in Atlanta Show a Strong Market (Part 1 of 3)


Here at HomesinAtlanta we like to keep you up to date on the Atlanta real estate market.  So this week we’re focusing on the 3rd quarter condo market and it’s been hot.  This first graph shows sales are up vs 2013 and 2012.

And while year over year sales are above last year they have been declining recently, mostly due to a lack of inventory, not a lack of demand.


Breaking it down by price point now.  Condos above $750k are still in a buyers market.  Condos under $100k look to be soft too but that’s just because the under $100k market supply has dried up.

Lets take a look at supply vs demand.  This graph shows how many units are coming on the market vs units coming on the market.  This slide shows that once we hit 6 months of supply we’re in a buyers market.  But we’re nowhere close to that.  We’re closer to a 3 month supply, a definite sellers market.

Check out the long view!  In September 2014 40% more units were sold than September 2009 but we have nearly 70% fewer units for sale.


Condo sales in Atlanta continue to be strong.  HomesinAtlanta expects a small slowdown during the Winter months but we’ll be back to current levels by early Spring.  We’ll stay a seller’s market for the near future due to a decent buyer demand combined with a lack of inventory.  Got any questions or would like to know more?  Just drop us a question here.