If It's Wednesday, It Must Be Market Conditions Wednesday

If it’s Wednesday, it must be MARKET CONDITIONS WEDNESDAY.

This week the focus is on the City of ATLANTA.

Each Wednesday, I provide a market snap shot of current market conditions affecting specific cities in the Atlanta metro area.

Let’s take a look this week at details including ACTIVE, PENDING, SOLD statistics in ATLANTA.

According to the latest FMLS data and as I write this, there are currently 72,611 homes on the market in the entire Atlanta metro area. Last Wednesday there was a total of 73,838 listed homes on the market in the entire Atlanta metro area.

Likewise, as I write this, there is a total of 5,290 single family homes on the market in the city of ATLANTA and a total of 3,734 condo/town-home properties available and actively listed in the city of ATLANTA, GA.

Actively Listed Single Family Homes
Currently listed City of ATLANTA single family homes range in price from $7,000 for a potential short sale "fixer-upper" bungalow home with 2 bedrooms /1.0 bathroom in the LAKEWOOD sub-division which was built in 1941 to a $25 million 9 bedroom / 11 full and 4 half bathroom estate home in BUCKHEAD's West Paces Ferry area built in 2008. This home offers coral stone clad exterior, 7 full kitchens, 16 fireplaces, ballroom, theatre, hair/nail salon, smoking room, recording studio, swimming pool and much more in more than 25,000 square feet of living space.

Actively Listed Condo/Town Homes
This week actively listed ATLANTA condo/town home properties range in price from $7,000 for a 1 level townhouse with 2 bedrooms/1 full bathroom, built in 1950 to a glamorous exquisitely appointed penthouse in an astounding combination of comfort, technology and most of all incredible beauty. Private elevators open to galleries with upholstered silk walls, grand salon, dining room for accommodations of 30 guests, siematic kitchen and much more. OH...can't forget the 360 degree views of the city and beyond. This condo is listed at $17 million and offers 2 bedrooms/4 full and 2 half bathrooms.

Pending Sale
Currently there are 1,037 single family homes pending sale in ATLANTA with prices ranging from $5,000 for a 4 bedroom/1 full bath home that suffered a fire. This home is a great opportunity for investors. The property needs to be completely gutted or plowed in for a lot to build on. At the other end of the spectrum and the highest priced home currently pending sale, this home is listed at $3 million for one of Atlanta's finest built homes with concrete and steel structure. Amenities include swimming pool, 4+ car garage and features too numerous to mention.

Likewise there are 603 condo / town homes PENDING SALE. They range in price from $500.00 for an "Investor Special" requiring a major investment to make it "livable" to $2.6 million for a Penthouse property in Terminus with 3 bedrooms/3 full and 1 half bathroom.

SOLD Properties (3/1/2010 to 5/01/2010)
It might interest you to know that from March 1st through May 1st there were a total of 1,103 single family homes SOLD in the City of ATLANTA. The highest priced home sold for $3.7 million while the least expensive property sold for $10,000.

Likewise, 582 condo/town homes sold during the period March 1st through May 1st. The condo/town home properties ranged in price from $2,000 to $2.7 million.

So, as you can clearly see homes are selling in the City of ATLANTA! Please call me with your many questions regarding the Atlanta and Atlanta metro area real estate market in general or specifics regarding the buying / selling process. Please call me if you see a home that peaks your interest or if you are considering the possibility of selling your current home. I look forward to helping you and your family realize your real estate dreams.

In the meantime please visit me at www.GeorgiaRealEstateOnMyMind.com, e-mail me at sara.hibbard@metrobrokers.com or CALL ME ANYTIME at 770-399-8108!