Reports from analysts indicate that 2013 is the “comeback year” for the real estate industry. So far this year, we’ve seen single-family home sales rebound. With home sales on the rise, the desire for maintenance free condo living is on the upswing in Atlanta.
New construction luxury condos flourished from 2008-2010 and now most are at or nearly sold out. The Residences at Mandarin Oriental, Buckhead, the Aberdeen on Paces Ferry and White Provision are almost down to single-digit availability. Now with just five months of inventory remaining, the good news has some urgency with it. If you are in the market for a new construction luxury condo in the $600,000+, the time to buy is NOW.
