I get asked this question a lot, so I thought we’d start a series that will cover monthly Smyrna Vinings home sales, including some pretty graphs that will cover some fun things like Smyrna Vinings homes sold, active listings and months of inventory. Finally, we’ll let you know what actually sold. It seems that there is so much negative press about the economy, real estate, jobs reports, etc. that most people seem to of the opinion that nothing is selling. So let’s get started.

As you can see, we’ve been tracking the market for quite some time. Part of the job when you want to ensure our team is the Smyrna Vinings local market expert. 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 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 2007-2009. The late surge in 2009 was due largely to first-time homebuyer incentives. Finally, in 2010, we’re starting to see a bit more of a traditional market with sales increasing late Spring to early Summer. The other point to take away from this chart is that a lot of Smyrna Vinings homes are still selling.

The  Active Listings chart depicts Smyrna Vinings homes currently for sale. The general shape of the annual graphs are pretty consistent with what we would expect with more homes for sale during the late Spring and early Summer months. What we’ve seen occur in 2010 is that fewer homeowners have decided to sell their home. Some may feel like it’s time to stay put and some may feel like they just can’t sell in this market. 2010 inventory levels are at an all time-low for the summer months in comparison to the last three years. 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.

One other important statistic that we like to track is how we track the health of the Smryna 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 were close to a seller’s market at the beginning of 2007, with the highest amount of bloat and most severe buyer’s market in July of 2009 with significant improvement in 2010. We’re still in a buyer’s market, but we’re essentially at 12 months worth of inventory versus 16 months just a year ago.

Finally, while these graphs are pretty insightful, we want to let you know what has sold each month. So here’s a quick recap of the Smyrna Vinings homes that sold in July.

• 2125  Cooper Lake , Smyrna   GA 30080  located in Holden Estates
• 2741  Vinings Orchard, Smyrna   GA 30080  located in Vinings
• 3678  Gatehurst, Smyrna   GA 30080  located in Vinings Gates
• 13  Central Garden , Smyrna   GA 30080  located in Central Garden
• 3034  Farmington , Atlanta  GA 30339  located in Farmington Estates
• 1919  Sadler , Smyrna   GA 30080  located in Stonecrest Manor
• 5040  Collins Lake , Mableton   GA 30126  located in Estates of Collins Lake
• 5271  Whitehaven Park , Mableton   GA 30126  located in Vinings Estates
• 3535  Preserve , Atlanta  GA 30339  located in The Preserve At Vinings Walk
• 1041  Vinings Falls , Smyrna   GA 30080  located in Vinings Glen
• 3009  Ranch , Atlanta  GA 30339
• 3818  Courtyard , Atlanta  GA 30339  located in Courtyards of Vinings
• 2861  Bernard , Smyrna   GA 30080  located in Spring Street Village
• 4233  Barnes Meadow , Smyrna   GA 30082  located in Barnes Mill
• 1011  Vinings Falls , Smyrna   GA 30080  located in Vinings Glen
• 3539  Simpson Farm , Smyrna   GA 30080  located in Olde Paces Point
• 3434  Belridge , Smyrna   GA 30080  located in Devonshire Court
• 4475  Oakdale Vinings , Smyrna   GA 30080  located in Enclave at Vinings
• 1202  Bickham , Smyrna   GA 30080  located in Vinings Pointe
• 1551  Delford , Smyrna   GA 30082  located in Woodland Brooke
• 2591  Old Roswell Road, Smyrna   GA 30080  located in Williams Park
• 1860  Cedar Cliff , Smyrna   GA 30080  located in Cedar Cliffs
• 4217  Paces Ferry , Atlanta  GA 30339  located in Cochise
• 5641  Vinings Place , Mableton   GA 30126  located in Vinings Place
• 2675  Rosalyn , Smyrna   GA 30080  located in Rosalyn Commons
• 1301  Celebration , Mableton   GA 30126  located in Legacy at Riverline
• 5631  Vinings Place , Mableton   GA 30126  located in Vinings Place
• 6202  Providence Club , Mableton   GA 30126  located in Providence
• 2311  Cumberland , Smyrna   GA 30080  located in Lakeland Estates
• 2734  Parkwood , Smyrna   GA 30080  located in Cheney Woods
• 3290  Chesapeake, Smyrna   GA 30082  located in Ennisbrook
• 4813  Lismoor , Mableton   GA 30126  located in Glenleigh
• 3115  Wills , Smyrna   GA 30080  located in Forest Hills
• 5874  Buckner Creek, Mableton   GA 30126  located in Brookmere West
• 4490  Kinvarra , Mableton   GA 30126  located in Glenleigh
• 4140  Cooper Lake , Smyrna   GA 30082  located in Cooper Lake Hills
• 6212  Oakdale Ridge , Mableton   GA 30126  located in Oakdale Ridge
• 563  Cardell, Mableton   GA 30126
• 4730  Gambrell , Mableton   GA 30126  located in none
• 124  Pineland , Smyrna   GA 30082  located in Hurt Park
• 585  Gregory Manor, Smyrna   GA 30082  located in Gregory Manor
• 3645  Alpine , Smyrna   GA 30082  located in West Smyrna Heights

OK, well that’s your Smyrna Vinings home activity recap. 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.

Possibly Related Posts:

• 362 Smyrna Vinings Homes Sold
• Sharp Residential now building in West Haven
• Traton Homes Building in Stonehaven at Vinings
• Bowen Family Homes building in Oakdale Preserve
• Smyrna Home for Sale – 4213 Terrace Court

Smyrna Vinings real estate market recap

Time for a little mid-year recap for the Smyrna Vinings real estate market. First up, will be single family homes. For the first six months of 2010, 362 Smyrna Vinings homes sold, with the highest price being $1.4 million for a lovely home in Bakers Farm in Vinings to $17,500 for a home in Smyrna, that was, shall we say, a fixer-upper.

Of the 362 homes that sold this year, the average sales price was $265,757. This compares with 319 Smyrna Vinings homes sold in the first six months of 2009, which equates to a 13.5% increase over the same period in 2009.

The top selling Smyrna Vinings neighborhoods so far in 2010 are:

• Vinings Estates

• Forest Hills

• Legacy at the River Line

• Smyrna Heights

• The Retreat At Old Vinings Lake

• Enclave at Vinings

• East Gate at Vinings Estates

• Creatwood Forest

• The Park at King Springs

• Vinings Cove

• Vinings Pointe

• Wakefield Estates

• Cheney Woods

• Chimney Oaks

• Heritage At Vinings

We’ll be back later this week to cover the top-selling Smyrna Vinings condos and townhomes for the first six months in 2010. In the meantime, if you’re thinking about buying a Smyrna Vinings home in the second half of 2010, be sure to email your Smyrna Vinings real estate team or call us at 770-874-6383.

In the meantime, you can search for all the Smyrna Vinings homes for sale right here.

Possibly Related Posts:

• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings July Home Sales Recap
• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
• Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers

West Haven

We’re continuing to see new construction begin to pop up in a lot of neighborhoods that had previously stalled out. These new builders are coming in with new pricing and new floorplans.

One such neighborhood is West Haven. West Haven is an established community that originally featured luxury homes priced from the $600’s that were built by Waterford Homes. The exquisite community provides homeowners with convenient access to I-285 (less than one mile), downtown Atlanta (less than 10 miles), Hartsfield-Jackson airport (less than 20 miles) and the unique shopping and dining destinations close by such as Vinings Village, West Village, Ivy Walk and the Smyrna Market Village.

Sharp Residential has now begun building in West Haven with homes starting in the high $200s to the low $400s. They will offer floorplans from their New Traditions Series featuring brick and shake elevations with stone accents, two-car garages and up to five bedrooms. Sharp is currently building three homes and have a total of fourteen lots available, so presale opportunities are available.

The neighborhood consists of 30 homes in total, with a central pocket park with outdoor fireplace.

We would love to be your West Haven real estate team. Click here for a sample of current West Haven homes for sale.

[where: 30080]

Possibly Related Posts:

• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings July Home Sales Recap
• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
• Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers

Traton Homes recently announced that they have taken over the development at Stonehaven at Vinings and will begin building homes from the $360’s in a community with existing homes priced up to the $700’s! Stonehaven at Vinings is located across the street from Wakefield Estates. Traton Homes took over that development right around Thanksgiving and were able to sell all 33 homes in 10 weeks.

Obviously, Smyrna Vinings home buyers realized the unheard of opportunity to purchase a new home on Atlanta Road in the $300s. And Traton Homes is well known having built Barnes Mill at Covered Bridge in Smyrna, which was the #1 selling community in Cobb County in 2006 and 2007.

Stonehaven at Vinings is an intimate neighborhood of 69 homes located near one of Atlanta’s most desirable communities – Vinings! Vinings is an upscale community in a superb location with great access to the airport, shopping, business centers and interstates. Stonehaven at Vinings is also convenient to other local hot spots, such as the Smyrna Market Village, Ivy Walk, West Village, the new Taylor-Brawner Park and the Cumberland Connector bike trail (which ties into the Silver Comet Trail) is right in front of the neighborhood.

Traton Home is offering a special buyer bonus package to the first five buyers – 17,500 Buyer Bonus Package, which includes $7,500 closing costs bonus PLUS $10,000 FREE Options!*

Contact us is you have any questions on Stonehaven at Vinings or any other Smyrna Vinings neighborhood.

The SmyrnaVinings.com Team

Your Local Market Expert

[where: 30080]

Possibly Related Posts:

• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings Mortgage Rate Update – Week of August 16, 2010
• Smyrna Vinings July Home Sales Recap
• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010
• Keller Williams Ranks Highest in Customer Satisfaction among Home Buyers

Oakdale Preserve

Bowen Family Homes recently announced it is building in Oakdale Preserve along Church Road, just east of South Cobb Drive in Smyrna. The community consists of two story home designs featuring beautiful brick and stone accent exteriors starting at $279,900.

Prospective homeowners at Oakdale Preserve can choose between four different home designs offering 2,472 square feet to 2,803 square feet.

Homes at Oakdale Preserve include hardwood floors in foyer, breakfast area and kitchen (per plan); Whirlpool appliances, granite countertops and double bowl stainless steel sink in kitchen, upgraded trim package, marble vanities in bathrooms, pedestal sink in powder room (per plan) and separate garden tub and shower in owner’s bath.

Oakdale Preserve is conveniently located near I-285 offering easy access to I-75 and US 41 with quick drive times to downtown Atlanta, Buckhead and Hartsfield-Jackson International Airport. This ideal location also offers an abundance of local restaurants, shopping and entertainment. Nearby shopping includes Cumberland Mall and Smyrna Market Village. The community is also located near Vinings which offers quaint shopping centers and specialty stores and restaurants.

Click here to see Oakdale Preserve homes for sale currently. Additional presale opportunities are available.

[where: 30082]

Possibly Related Posts:

• Smyrna Vinings July Home Sales Recap
• 362 Smyrna Vinings Homes Sold
• Sharp Residential now building in West Haven
• Traton Homes Building in Stonehaven at Vinings
• Smyrna Home for Sale – 4213 Terrace Court