With a listing that brims with superlatives such as “alluring,” “breathtaking,” and “luxurious,” this gussied-up loft at The Stacks in Cabbagetown has much to live up to for potential buyers.
Based on the number of multi-million-dollar home sales in the metro Atlanta area between Jan. 1, 2018 and Nov. 15, 2018, the luxury residential real estate market in Atlanta continues to prosper.
Closing out the year from October 2017 through September 2018, Engel & Völkers Atlanta has released its Q3 market report, with some interesting findings regarding the city’s intown submarkets. While the number of sales went down and inventory is increasing in most areas, prices are increasing as well in hotter neighborhoods.
“I think we have grown tremendously as a city,” said Christa Huffstickler, the chief executive of residential real estate firm Engel & Volkers Atlanta. She cited everything from jobs, to the Beltline to restaurants and festivals. “There are a lot of draws bringing people into Atlanta. Simultaneously, you have had this urban workforce that built up.”
With new condo projects like the forthcoming of 40 West 12 and Atlantic — which debuted in 2017 and has sold over 100 homes — generating interest and posting high sales, we’re optimistic that the market will respond positively to new condo development throughout the rest of the year and into 2019.
Chastain East, a community of 32 custom-designed residences nestled beside Chastain Park. The neighborhood is located in the prominent W.T. Jackson Elementary School district and is being developed by Southeast Capital Companies and Home South Communities. Homes start at $1.1 million, and the community has received the Atlanta Agents’ Choice Best New Development award. For more information, visit chastaineast.com.
Atlanta’s premier luxury real estate firm, Engel & Völkers Atlanta, will officially open its flagship shop’s doors this fall. At the crossroads of Midtown and Buckhead, two of the city’s hottest neighborhoods for high-end housing and cultural hotspots, Engel & Völkers Atlanta’s team of advisers is positioned to link together the aspirations of discerning individuals here and around the world with passion, expertise, and venerated leadership.
What sets this three-bedroom condo apart at the 2828 Peachtree building is the way it hogs almost half of the amenities level on its own, serving a level of high-rise verdure not spotted in Atlanta since the penthouse terrace at Midtown’s Luxe tower. The building, opened in 2002, is known for massive, full-floor residences, and in terms of sheer space (3,000 square feet), this customized pad doesn’t disappoint.
Consumer sentiments towards owning & buying real estate continue to evolve, along with the definition of luxury. Our President & CEO, Christa Huffstickler, talked with Unique Homes Magazine about these changes taking place in the market since the 2008 Recession.
Christa’s vast and varied experience in the marketing arena provides her a one-of-a-kind perspective, and her skills have proven to be invaluable in coaching and mentoring, helping to grow the businesses of her agents, implementing impactful digital marketing campaigns, facilitating project launches, creating innovative marketing campaigns, and executing exit strategy and onsite sales procedures..
The market for townhomes and condominiums continues to be solid, with condos selling faster in 2017 than in 2016 despite low inventory, according to Engel & Völkers Atlanta’s annual market report. Between January and December of 2017, Atlanta townhome and condo sales increased by 37 percent, and the amount of days spent on the market dropped from 50 to 30.
Units around Midtown bagged almost 100 percent of asking price last year, according to new data. Despite hundreds of new for-sale multifamily units on the Midtown horizon, condo sales in the ever-changing subdistrict are trending upward, according to an analysis by brokerage Engel & Völkers Atlanta.