Greg Simpson

The "condo market" is shaky by nature and Buckhead has always been overpriced and overated. Not much news in this article. The "condo consultant VP" is,... "...it's hard to quantify it, but it's a real thing based on conversations that you have with people." If you talked X # of people who express a concern and you keep track of them then you can quantify the issue. I think he made that up. The ..."real estate broker specializing in condos...", said clients looking in Buckhead have expressed anxiety crime. Although he has not lost a deal due to this, but his Buckhead clients name crime as their biggest concern.
"...they start asking you those questions, 'Is this a safe area? Have there been any shootings around here? What do you think of the safety?'" Those are common question anyone looking for a home would ask about any neighborhood.
If you want to buy a condo in Buckhead, call me!

Buckhead condo market 'vulnerable' to threat of crime

Atlanta Real Estate News!

Atlanta Real Estate Notebook: CNN Center sale; Midtown boom

NAR May 2021 Existing Housing Report

Existing-home sales decreased for a fourth straight month in May 2021, according to the National Association of Realtors®

Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 0.9% from April to an annual rate of 5.80 million in May. Sales in total climbed year-over-year, up 44.6% from a year ago (4.01 million in May 2020).
Lawrence Yun, NAR's chief economist said, "Home sales fell moderately in May and are now approaching pre-pandemic activity. Lack of inventory continues to be the overwhelming factor holding back home sales, but falling affordability is simply squeezing some first-time buyers out of the market.” First-time buyers were responsible for 31% of sales in May, also even with April but down from 34% in May 2020.

Total housing inventory at the end of May was 1.23 million units, up 7% from April's inventory and down 20.6% from one year ago (1.55 million).
Unsold inventory sits at a 2.5-month supply at the present sales pace, up from April's 2.4-month supply but down from 4.6-months in May 2020.
Properties typically remained on the market for 17 days in May, unchanged from April and down from 26 days in May 2020. 89% of the homes sold in May 2021 were on the market for less than a month.
The median existing-home price for all housing types in May was $350,300, up 23.6% from May 2020 ($283,500), as every region registered price increases. This is a record high and marks 111 straight months of year-over-year gains since March 2012.

Single-family home sales dropped to an annual rate of 5.08 million in May, down 1.0% from 5.13 million in April, and up 39.2% from one year ago. The median existing single-family home price was $356,600 in May, up 24.4% from May 2020.
Existing condominium and co-op sales were recorded at a seasonally-adjusted annual rate of 720,000 units in May, unchanged from April but up 100.0% from one year ago. The median existing condo price was $306,000 in May, an annual increase of 21.5%.
"The market's outlook, however, is encouraging," Yun continued. "Supply is expected to improve, which will give buyers more options and help tamp down record-high asking prices for existing homes."

Existing-Home Sales The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.

FOR SALE IN ATLANTA!

View Property Details and 5 others Magical Skyline View! Welcome to Atlanta’s premier in-town Ansley Park neighborhood. This home was meticulously renovated and updated. A hidden gem located on a rare less traveled one-way access on Walker Terrace. This is a once in a lifetime home you have to see and feel the special warmth & char...