Business and Marketing

Living in Atlanta is easy. It is about finding the right home at the right price is difficult. But if you are looking for a home, it is good to know that some aspects of the real estate market is less stay afloat in this economy troubling.
In recent front-page story in the Atlanta condo market ("cresting condo market," October 13 to 19) used a series of selective facts and omissions to paint a misleading picture of the current state of our industry. In reality, there is excess supply of homes, Condominium in Atlanta, and the developer and the resale market continues to thrive here.
Start with two resales report cited by the needle of the Community Group in the center of Novara. History suggests that the two houses were sold for resale at $ 449.000 515,000 and sold for $ 475,000 USD y. These events were followed by the phrase: "If you sell your condo at the right time, you will lose [money] ..." What was revealed to its readers were the original purchase price condo $ 405 000 and $ 418 000 per unit respectively, and each of these vendors made an average of pre-commission profit of $ 51 000 or 12 percent to 101 days on the market. This was common in Speyer, where about 120 ads on the Multiple Listing Service were sold the first 62 and six are under contract. In these resales, sellers have an average gain of 10 percent in less than a year. The use of resale transactions if the seller really makes large profits to support the claim that the money that was lost was misleading his readers.
Move to twelve Atlantic Station, where there were 10 resales, three under contract and 66 current listings. Resales are on average a profit of 12 percent, and twelve were opened only 10 months. Then in Metropolis, where an operation of simple resale $ 158,000 was given as evidence of a low-water mark owner, who sold the 556 square foot studio to $ 284 on up for 56 days on the market has purchased from us for $ 143,366 and made a profit $ 14 000.
There's more. The attic Buckhead (not developed by Novare Group), which was cited "the original price of $ 1.2 million and is available now at $ 600 000" was given as evidence of a weak market "hui. The fact is that the soil has developed and commercialized in 1999 and sold for $ 550 000 in 2003, three years ago. It now appears in $ 699 000. Even the graphic visual chronicle itself on page 47A shows the growth of the resale activity in the county Fulton year 2005, both in the number of condominium units sold and sales prices. This pattern of events points to a strong and growing market for condominiums, which is not the tone or the conclusion of the majority of readers removed from the Chronicle story.
So it is easy to see that the condominiums can keep in Atlanta. But finding the right home can be a different story.