August Marks Strongest and Most Significant Recovery in Atlanta Housing Market

Midtown Atlanta Leads The Way –
65% Turnaround in Midtown Atlanta Condominium and Townhome Market– Since the start of the Covid19 pandemic, conventional and accurate thinking was that the intown market, specifically Midtown due to its greater population density, would take longer to recover back up to 2019 levels. Midtown Atlanta, indeed showed its recovery in August with a 78% increase in single-family-home sales, and dramatic reversal in the condominium market, up 8%. What? Only 8? Simple, the Midtown Atlanta market was down 73% this July compared to the last one. Bottom line is that people still want to live in Midtown Atlanta, and now they apparently feel more comfortable living in denser spaces.

Buckhead Atlanta remains incredibly strong with a 37% increase in single-family-homes being sold, and 18% for the condominium/townhome market.

How does these housing numbers correspond to the commercial real estate market? Favorably. Downtown Atlanta’s commercial estate continues to show incredible resiliency as demand for office space remains stable according to GlobeSt.com. In the multi-family market, demand in July returned to October 2019 levels, and is “…Atlanta has seen the strongest rent recovery of any major market since mid-May…Year-over-year rent growth in Atlanta is now outpacing the national average….”

James Kobal, Commercial Realtor
Coldwell Banker Commercial Metro Brokers
James.Kobal@CBCMetroBrokers.com | (M) 678.993.4951

Buckhead Atlanta and Vinings Housing Market Update – Solid

Vinings and Buckhead Atlanta housing markets have not experienced the realm of “Panic kills”- activity slows to a crawl. The panic that could “kill” market activity is the relative emotional meltdown of the trade war, impeachment, etc. Fortunately, Atlanta is far more attractive than these emotional stresses, as our city ranks as one of the top places for corporate and millennial relocation. Our (1)

Vinings and Buckhead Atlanta (30305) single-family strength remained solid year-over-year. Vinings rebounded from a slow start to the month and ended it with the same number of units sold in September 2019 as 2018’s, and a big improvement from a few months ago when Buckhead appeared to show some ongoing weakness. Buckhead Atlanta grew by an astonishing 21%, AND days on the market fell 289%. That number is much stronger than you realize as luxury homes that had been the market for over 365 days closed at the beginning of the month.

Even as Buckhead Atlanta single-family-home sales increased and Vinings remained the same and with slight changes to Midtown Atlanta, single-family inventory for Buckhead is a seller’s one while the other neighborhoods are most definitely a buyer’s, especially Vinings via an eight (8) month supply of homes. Even with that inventory in Vinings, good news exists – less than a month to sell your home.

Midtown Atlanta Skyline

The condominium market for both Vinings and Buckhead Atlanta and revealed a potential softening, overall. Vinings dropped 25% while Buckhead Atlanta only fell 7%. In Midtown Atlanta, some of that weakening appeared with sales declining 4.5% (-3), 35 to 30. Its single home sales, just a small fraction of this market, fell by 1 unit (4 to 5).

Considering all the stress and anxiety that has been placed on the country through all trade war and impeachment turmoil, I think the market is doing incredibly well, and will grow again as soon as the panic abates. Moreover, you have multitudes of people leaving California, the Northeast, Illinois for Georgia where you have favorable business conditions. This should bode well for the Atlanta housing market, provided panic and anxiety do not rise to a paralytic level.

For further assistance in your Atlanta housing and real estate investment needs, please contact me at (M) 678.993.4951 or

(1) (Please see previous posts about Atlanta’s business environment.) (Note: In no way do I advocate, condone or stand by quietly in the face of any form of inappropriate physical or emotional misconduct.)

Top Atlanta Real Estate Articles – August 12th – 19th

Here are the Top 7 Atlanta real estate articles for August 12th through 19th.

Buckhead Atlanta: “Buckhead Atlanta Being Redefined – Progressing and Preserving Its Heritage” Source: James Kobal, Berkshire Hathaway HomeServices Georgia Properties

What Will $3500 Rent You in Midtown [Atlanta] Today (Source: Hoodline.com)

Kirkwood: “Before construction launches, developers planning huge pop-up at Pratt Pullman District” Source: Atlanta Curbed

Buckhead Atlanta: “Mixed-use development with luxury condos, hotel planned for Buckhead” (Source: Northside Neighbor)

Atlanta Apartments: “Rhode Island Investor Sells Two Atlanta Apartment Communities” (Source: CoStar)

Old Fourth Ward: “Old Fourth Ward townhome project replacing former kids’ academy has launched,” (Source: Atlanta Curbed)

Recession DOES NOT Equal Housing Crisis Atlanta continues to attract so many companies (James Kobal) that we will not feel it is much as other cities. (Source: Keeping Current Matters)

Welcome to AtlantaRealEstate.buzz

Thank you for taking the time to read the inaugural blog post of AtlantaRealEstate.buzz by James Kobal, a REALTOR with Berkshire Hathaway HomeServices Georgia Properties in its Midtown Atlanta office.

Atlanta Real Estate Relocation Consultants? We at the Silverman & Associates team recognize that the vast majority of real estate transactions involve “relocation.” People usually associate this term transferring from one state to another. We know, especially here in Atlanta, that you can just as easily experience a dramatic change by moving from a northern suburb to inside the Perimeter (I-285).