Selig Development Co. has not even opened a sales office for 40 West 12th, but the firm already has pre-sold six units in its planned luxury condo project.
Turns out, Selig's project, which is a part of a larger mixed-use development in Midtown that includes the future home for a regional Google office, is one of the exceptions when it comes to demand for new condominium units in Atlanta.
Instead, resales have mainly ruled the day.
Atlanta's condo market saw prices rise, but the total number of sales declined from the previous year. The average price for condo sales rose 6.5% to $331K/per unit, while the total volume of condo sales inside Interstate 285 fell from 3,900 units in 2018 to 3,600 units in 2019, according…
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