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.
Cover story: Where are the best Atlanta neighborhoods to buy?
While homes are in high demand throughout the metropolitan area, some neighborhoods are hotter than others. Christa Huffstickler of Engel & Volkers Atlanta is seeing great demand for homes in West Midtown, South Buckhead and the neighborhoods along the new Westside BeltLine, such as West End.