Atlanta Buyers Are Embracing The "New Normal"
Posted by Jamie Sternlieb on
After eighteen months of uncertainty, hesitation, and higher mortgage rates, Atlanta's real estate rhythm is finally returning. The city's high-rise market, which cooled dramatically in early 2024, is beginning to move again. Not because of plunging rates or aggressive incentives, but because buyers have adjusted to reality.
As Jamie Sternlieb of Atlanta Communities put it during the October 8th roundtable, "Once people accept these rates as the new normal, activity returns."
It's not a boom. It's something better: a balanced awakening, where realistic buyers and prepared sellers are meeting in the middle again.
The Market Has Stopped Waiting for Permission
For much of the past year, both buyers and sellers were paralyzed by expectation.…
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1. Four Seasons Residences
So you’ve decided you’d love to live in a high-rise condo, but those monthly HOA dues might have you scratching your head. What exactly are those dues for? Each high-rise will be a bit different, and the exact coverage can and will vary. If the HOA dues seem high, consider how much you would pay on a single family home to maintain the structure and roof, monitored security, the yard maintenance, pest control and insurance. Then factor in utilities, trash water, etc. and what it would cost to join a gym and have access to a pool. You might find the monthly cost isn’t that much more than you’d pay for a comparably-priced single family home.
LEED is about leadership in green thinking — it’s intended to make buildings more efficient and better for the environment. You’ve probably seen a LEED certification on a building before, or perhaps you’ve seen it advertised in a new condo building that you are considering buying into. You probably already know that LEED means green.