A few years ago, there was a building boom in the Atlanta metro area that brought about dozens of luxury residences and towers in the Georgia capital city. Then, the market tanked, and these gorgeous buildings were suddenly a drain on the investors who built them, and also depressingly vacant on the inside. However, it seems that times are changing in the area and now luxury residential demand is at a soaring high.

While the demand is back, there is one thing that has changed significantly for the area–the price point. Luxury towers such as the W Residences in downtown Atlanta went through foreclosure and a relaunch in the past few years, bringing unit prices down from around $2 million to a majority of units closing under $900,000.  Nearby condo towers have sold $1 million condos, with fourteen units selling in Atlanta in the last six months.

A year or two ago, these buildings were ghost towns. Now, according to Haddow & Company, an Atlanta real estate consulting firm, the downtown Atlanta movers have found that the current condo inventory market in the city has gone from 5,000 available units down to a miniscule 500. Good news for investors, frustrating for interested buyers.

For those interested, there are still units available in the W Residences, the Ritz-Carlton Residences, Sovereign, and the Mandarin Oriental, among others. If the luxury condo lifestyle seems right for you, the Atlanta movers encourage you to act quickly before the remaining units are all snatched up.