Smyrna Vinings Homebuyers in Holiday Shopping Mood

Smyrna Vinings homebuyers are in that holiday shopping mood. If you’re looking for a Smyrna Vinings home, your fellow house hunters aren’t waiting and you shouldn’t either. Rates are phenomenal and inventory moves quickly. Smyrna Vinings home sales surged in November.  The Smyrna Vinings real estate market has been on quite a resurgence for the past couple years. With US home loan rates remaining low, we expect demand to remain strong and we expect to see a lot of move-up homebuyers taking advantage of the opportunities that 2014 continues to offer.

Smyrna Vinings Home Sales November 2014

This chart shows you the past 12 months of home sales at any given point. As you’ll notice, the green bar is 2007 and we were selling a fair amount more homes in 2007. Sales dropped significantly in 2008, with the drop becoming more pronounced toward the last quarter of 2008. That would be the beginning of the financial meltdown. 2009 home sales started off about 32% off the level just two years previously in January 2007. We saw Smyrna Vinings home sales continue to drop in 2009, but then leveling off in late summer and actually seeing sales pick up toward the end of the year. Typically, you expect sales to be higher in the late Spring and early Summer, but that hasn’t been the case in 2007-2010.

2014 Smyrna Vinings home sales increased in Novemberas buyers continue to jump on the opportunities. A lot of what that tells us is that supply is modulating actual sales as the demand is certainly there. While nationally there has been some concern about which direction the housing market is headed, we’re only heading one way in the Smyrna Vinings real estate market.

Smyrna Vinings Homes for Sale November 2014

The Active Listings chart depicts Smyrna Vinings homes currently for sale. As a general rule, we’ve seen inventory increase in the April to June range and then see the amount of Smyrna Vinings homes for sale reduce towards the end of the year. While sales and months of inventory numbers vary drastically from previous years, the one thing you can count on is that inventory decreases in the last quarter of the year, as indicated above. The big difference of course is that the overall number of homes on the market is just much less than in years past due to homes selling so quickly.

We’ve seen a slight increase in the number of homes for sale in the first half of 2014 and now a slight drop each month in the second half. Sellers are starting to understand that now is a great time to sell and take advantage of the current market.

As sales are improving, we’re also seeing prices increasing as well. We’re going to continue to see more equity sellers in the market and fewer distressed properties as we move forward over the next couple years. This will result in continued low inventory levels as the number of equity sellers that can afford to sell will be outnumbered by buyers eager to take advantage of prices that are still depressed and interest rates that are phenomenal. If you’ve thought about selling and just aren’t sure, be sure to contact us or find out how much your home is worth. Less competition is a good thing if you’re ready to sell.

Smyrna Vinings Homes Months Inventory November 2014

One other important statistic that we like to track is the overall health of the Smyrna Vinings home market. Months of inventory is a calculation that takes the current amount of homes for sale and divides that by the number of homes that have sold in the last 12 months. What the result means is if no more homes were listed, how many months would it take, based upon the past 12 months activity, to sell all the homes currently for sale.

A result of 6 months is considered a healthy market, less than 6 months a seller’s market and more than 6 months, a buyer’s market. What we can see from the chart above is that we have lower inventory levels right now than at any point in the past five years. Compare that with the highest amount of bloat and most severe buyer’s market in July of 2009 with significant improvement starting in mid-2010 and continuing through today.

In November, inventory levels decreased further, but are tracking very closely with last year. As prices have increased this year, we have seen a big pickup in new construction and an increase in resale activity as more home owners can afford to sell. Technically, we continue to work in a seller’s market based on current inventory levels. What this means as you will continue to see prices slowly rise from here as demand outpaces supply.

That is your Smyrna Vinings homes sales activity recap for November 2014. Hope that was helpful and don’t hesitate to contact us if we can help you sell your Smyrna Vinings home or find your new Smyrna Vinings home.

Click here if you’d like to know what your Smyrna Vinings homes is worth.

Click here to start your Smyrna Vinings home search.

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Vinings Business After Hours December 16th

December 16, 2014
5:30 pmto7:00 pm

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The Vinings Business Association will be holding their December After Hours business networking event at Fifth Third Bank Vinings.

The December After Hours Event will be on Tuesday, December 16th from 5:30-7:00pm. Fifth Third Bank Vinings is located at 2810 Paces Ferry Rd, Atlanta, GA 30339.

Help make a difference for the children at Calvary Children’s Home this holiday season.

All Attendees: Please bring and donate 1 new unwrapped toy as you attend the VBA afterhours on December 17th (Or, see our “Secret Santa” at the Door as You Enter).

The event is for Vinings Business Association members and guests.

Click here if you are interested in becoming a Vinings Business Association member.

Members enjoy the opportunity to meet monthly on the first Tuesday of every month for lunch from 11:30 to 1:30 and a monthly After Hours social on the third Tuesday of every month.

Enjoy an evening of networking with industry professionals in a comfortable, upscale and entertaining atmosphere. Food and Limited After Hour Beverages Included.

No Cost for Members or Guests

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2014 Deck the Halls in Vinings

December 11, 2014
4:00 pmto5:00 pm

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The Vinings Historic Preservation Society invites the children of Vinings to “DECK THE HALLS” on Thursday, December 11, 2014 from 4:00 – 5:00 p.m. at Old Pavilion on Paces Mill Road. Be sure to park at Vinings United Methodist Church two doors down.

Join VHPS for some good old-fashioned holiday fun! The children will make a holiday craft to take home!

Cookies and Juice will be served.

So as you can see, you won’t want to miss this event. All children of VHPS members are admitted free. $3 for non-VHPS members.

Space is limited and reservations are REQUIRED. Reservations for members are available now.

All non-members may make reservations starting December 7th. Call or email VHPS to make your reservations.

R.S.V.P. to 770-432-3343 or vhps1874@bellsouth.net. Please include your children’s names and ages.

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Cyber Monday

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It’s Cyber Monday in Smyrna Vinings, which means that deals can be found all over the Internet. No more of those crazy attempts to storm the retail shops on Black Friday, or perhaps we should start going by Black Thursday.

Anyway, understanding that there are a lot of Smyrna Vinings home buyers also looking for deals, we’ve compiled some special lists for Cyber Monday. See what you like, just contact us and we’ll be glad to schedule a showing for you. You can also register for a Property Organizer, where you can save all the Smyrna Vinings homes that you like and even set up your own custom search to be notified the instance a new home comes on the market that matches your wish list.

Cyber Monday Smyrna Vinings Homes for Sale

Cyber Monday Smyrna Vinings Townhomes and Condos for Sale

Don’t miss out on these latest deals. We’re here to help in your Smyrna Vinings home search as we are specialists in the Smyrna Vinings community.

Best Realtor ever! He is incredibly helpful, professional, personable, understanding, patient, and reliable.- Robert & Lisa

I absolutely loved working with Aaron. He understood exactly what I was looking for. I was in town for the weekend and wanted my search to be as productive as possible. It was. Every home he showed me was a possible and then he showed the perfect one for me. – Hazel

Aaron was so helpful and patient while helping us find our first home. He looked out for us when we had no idea what to look for in a home. As first time homeowners, he made sure everything was explained to us and was available to us to answer any questions.- Hope & Tesh

We can’t say enough good things about Aaron and our experience with him.- Adam & Amy

Aaron was very responsive to our needs. His attention to detail and willingness to explain the current market prepared us well to make an informed decision. Aaron truly exceeded all of our expectations. – Ron & Cheryl

Contact us today at 404-910-3616 to allow us to guide you through your Smyrna Vinings home search.

 

“Sale” picture courtesy of Salvator Vuono and FreeDigitalPhotos.net.

Smyrna Business Luncheon and Holiday Festival

December 4, 2014
11:30 amto1:00 pm

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Mark your calendars for Smyrna Business Association’s December luncheon, which will be held at the Smyrna Community Center, 200 Village Green Circle, Smyna, GA 30080 (directions). The luncheon is from 11:30 to 1:00pm on Thursday, December 4h.

The Smyrna Business Association is partnering with the local art community to spotlight Smyrna Area artists at its December meeting. Artists will have their creations featured in a show and sale prior to and during the meeting.

Lunch is $12 for members and $20 for non-members if registered by the Tuesday prior to the lunch.

Come network with local business leaders and enjoy the topical presentation.

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