You might have a saturated market if you have 15 years worth of inventory

Since the City of Alpharetta is in the process of approving another 500 or so condominiums for our fair city I thought I would check and see how badly they are needed.

To determine the demand for more condos I pulled the December’s multiple listing statistics for Fulton county condominiums within zip codes 30004 and 30005. There are currently 132 condos for sale in this area and the whopping sum of nine actually sold in December. That means that there are currently enough condos on the market to meet demand for 15 months.

So if you add the condos planned for the MetLife project, the Windward Mill project, the Prospect Park project and every other project not yet built we would have enough inventory to last about 15 years as long as nobody else in Alpharetta wants to sell their condo!

Brilliant. I sure am glad I don’t own a condo in Alpharetta.

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