This Week in Atlanta Real Estate: Opendoor expands southeast, estate sold record-fast and more

by Kyle Scheuring

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Opendoor, an online residential real estate marketplace based in San Francisco, has picked Atlanta for their regional engineering and sales hub after raising $325 million. American Inno reports this recent cash influx now brings the company’s total equity to $645 million. Opendoor plans on expanding to 50 marketplaces by 2020, up from its current 10. With a regional hub in Atlanta, Opendoor will be looking to the southeast for many of its new markets.

  • From June 1 to Aug. 1, Taylor Morrison is offering no closing costs on all move-in ready homes and select “to-be-built” homes in Taylor Morrison communities. The company will be paying closing costs for a limited time for all qualified financed buyers.
  • The Juniper and 10th apartment complex in Midtown Atlanta celebrated its reopening after a number of renovations. The complex houses low-income seniors and those with disabilities. The Atlanta Voice reports almost 40 percent of residents were able to return to the building after its renovation.
  • A $3.25 million Mount Paran Road estate sold in just seven days, breaking the record for the highest price sold in the shortest number of days this year to date. A house with this price range can expect to be on the market for 288 days, but Lindsay Levin, a Berkshire Hathaway HomeServices Georgia Properties agent did it in record time.