Listing & selling a metro Atlanta Mansion formerly built for Atlanta Falcons Mike Vick as TMZ reported was not a typical deal. This property was listed in a market with less than a 1% market absorption rate. The absorption rate is the likelihood that a property will sell in a given time period. A good absorption rate in real estate is 10%. Most luxury real estate companies around the world won’t list a property under an 8% market absorption rate or 8% likely to sell rate so listing & selling this property with a less than 1% market penetration rate is pretty iconic.
Luxury Mansion’s in any market are tailored for a specific multi million dollar buyer or specific target audience so luxury home sellers benefit by choosing an experienced luxury real estate brokerage. I’m extremely pleased that our clients & customers allowed us to not only prove to the market how strong of a luxury real estate company we are but to have served them with highest & best in return.