So we covered Smyrna Vinings home sales in July the other day, so let’s take a look at the Smyrna Vinings townhome and condo market. So we have the same graphs and analysis of the townhome and condo market, including townhomes and condos sold, active listings and months of inventory. And just with the home, 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 condos and townhomes sales at any given point. As you’ll notice, the green bar is 2007 and we were selling a fair amount more condos and townhomes in 2007. Sales dropped continuously in 2008, while 2009 stabilized and picked up in the fourth quarter largely due to the first-time home buyer tax credit.  Finally, in 2010, we’ve seen continuing improvement. One thing that is interesting in the condo and townhome market is that you don’t see as much cyclicality during the year like you expect in the single family home market. One other point to note with the townhome and condo market is that while they’ve been hit harder by short sales and foreclosures, they’ve also recovered quicker in sales than the single family home market. This can be attributed to first-time home buyers finding these properties to be more affordable and a nice way to transition into the world of home ownership.

The Active Listings chart depicts Smyrna Vinings condos and townhomes currently for sale. You’ll note that total active listings peaked in 2008, which can be explained based upon sales dropping significantly in 2008, which resulted in Smyrna Vinings townhomes and condos sitting on the market longer. In 2009, we saw the active listings drop significantly and this can be tied to the economic uncertainty, which resulted in a lot less development of new condos and townhomes for sale in the Smyrna Vinings market. This trend has continued into 2010. What we see now in the current market is that active listings are at a lower level in 2010 than in any of the past four years. One things that means, is less competition if you want to sell in today’s market. 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 townhome and condo 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 closest to a seller’s market at the beginning of 2007, with the highest amount of bloat and most severe buyer’s market in January of 2009 with significant improvement coming at the end of 2009 and into 2010. In fact, if you were paying attention to the last two graphs, with higher sales and lower inventory, it would naturally result in an improved months of inventory ration. We’re still in a buyer’s market, but we’re essentially at 10-11 months worth of inventory versus 17 months just a year and half 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 condos and townhomes that sold in July.

• 3300  Windy Ridge Parkway , Atlanta  GA 30339  located in Horizon at Wildwood
• 5852  Riverstone Circle , Atlanta  GA 30339  located in Riverstone at Wildwood
• 6433  Bennington Bluff Court , Mableton   GA 30126  located in Providence
• 463  Vinings Estates Drive , Mableton   GA 30126  located in Vinings Estates
• 1180  Dove Point Court , Mableton   GA 30126  located in Legacy at the River Line
• 4229  Laurel Creek Court , Smyrna   GA 30080  located in Laurel Creek
• 142  Westchester Drive , Smyrna   GA 30082 located in Westchester Commons
• 4224  Laurel Creek Ct SE , Smyrna   GA 30080  located in Laurel Creek
• 4439  Wilkerson Manor Drive , Smyrna   GA 30080  located in Vinings Ridge
• 4730  LEGACY COVE Lane , Mableton   GA 30126  located in Vinings Estates
• 4220  Laurel Creek Court , Smyrna   GA 30080  located in Laurel Creek
• 2501  Bridlewood Drive , Smyrna   GA 30080  located in Chadsworth
• 423  Creekview Trail , Smyrna   GA 30082 located in Creekside at Vinings
• 2546  Bridlewood Lane , Smyrna   GA 30080  located in Chadsworth
• 3621  Vinings Slope , Atlanta  GA 30339  located in Vinings Main
• 5260  Kershaw Court , Smyrna   GA 30080 located in Carriage Hill
• 3503  Stonewall Place , Atlanta  GA 30339  located in Stonewall
• 3621  Vinings Slope , Atlanta  GA 30339  located in Vinings Main
• 1727  Fair Oak Way , Mableton   GA 30126  located in Regency At Oakdale Ridge
• 4805  West Village Way , Smyrna   GA 30080  located in Flats at West Village
• 5651  Cobblestone Creek Place , Mableton   GA 30126  located in Cobblestone Creek
• 3300  Windy Ridge Parkway , Atlanta  GA 30339  located in Horizon at Wildwood
• 3150  WOODWALK Drive , Atlanta  GA 30339  located in Flats at West Village
• 910  Mill Pond Drive , Smyrna   GA 30082 located in Mill Pond
• 35  Arbor End , Smyrna   GA 30080  located in Hillsdale

OK, well that’s your Smyrna Vinings condo and townhome activity recap for July. Hope that was helpful and don’t hesitate to contact us if we can help you sell your Smyrna Vinings condo or townhome or find your new Smyrna Vinings townhome or condo.

Possibly Related Posts:

• 322 Smyrna Vinings Condos and Townhomes Sold
• Vinings Open House – 3803 Stonewall Terrace
• Live/Work/Play in West Village
• Vinings Main Condos Selling with New Pricing
• Approved Smyrna Short Sale: Buyer Wanted

Smyrna Vinings condos and townhomes

Time for a little mid-year recap for the Smyrna Vinings condo and townhome market. We covered Smyrna Vinings homes homes last week. For the first six months of 2010, 322 Smyrna Vinings condos and townhomes sold, with the highest price being $695,000 for a great townhome in The Battery at Paces Ferry in Vinings to $26,000 for a townhome in Smyrna, that was a foreclosure and need of a little TLC.

Of the 322 condos and townhomes that sold this year, the average sales price was $206,221 and took an average of 103 days on the market to sell. This compares with 252 Smyrna Vinings condos and townhomes sold in the first six months of 2009, which equates to a 28% increase over the same period in 2009.

The top selling Smyrna Vinings townhomes and condos so far in 2010 are:

• Circle 75

• Chadsworth

• Chattahoochee Bluffs

• Oakdale Bluffs

• Legacy at the River Line

• Providence

• Views At Park Avenue

• Horizon at Wildwood

• Olde Ivy at Vinings

• West Village

• One Ivy Walk

We’ll be back next month to update you on the Smyrna Vinings real estate market in July. 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.

[where: 30339]

[where: 30080]

Possibly Related Posts:

• Smyrna Vinings Townhome and Condo Sales July Recap
• Vinings Open House – 3803 Stonewall Terrace
• Live/Work/Play in West Village
• Vinings Main Condos Selling with New Pricing
• Approved Smyrna Short Sale: Buyer Wanted

Smyrna Vinings Featured Home

You’ll love this updated, 2 bedroom/2.5 bathroom townhome located in peaceful Stonewall neighborhood. Stonewall is situated just off of Cumberland Parkway and Cumberland Boulevard, so just a short stroll from the updated Cumberland Mall.

You are welcome to stop by the Open House on Saturday between 2 and 4pm.

The home has been nicely updated and includes new granite countertops in Kitchen and Powder Room, freshly painted, new carpet, plantation shutters, a full second bathroom upstairs, all appliances stay (including fridge, washer & dryer).

The Family Room features two sets of French doors leading to your private patio, as well as, custom mantle and granite fireplace surround.Enjoy the convenience living close to I-75/I-285.

New roof installed in 2009. Home has been pre-inspected and all repairs made.

Don’t miss out on the community lake, pool & clubhouse.

Home warranty included.

Move-in ready!!!

Cumberland Mall finished its multi-million dollar, “Extreme Mall Makeover” in the summer of 2007. In the winter of 2006, a new 77,000 square foot lifestyle, pedestrian friendly streetscape, with open-air plaza complete with fountains was unveiled. An array of new dining options include Maggiano’s Little Italy, The Cheesecake Factory, P.F. Chang’s China Bistro, Ted’s Montana Grille and Stoney River Legendary Steaks.

These are all just a short stroll from this townhome.

To learn more about this Smyrna Vinings townhome for sale, click on the Virtual Tour above, check out the property flyer or contact us directly.

This 2BR/2.5 BA townhome is located at 3803 Stonewall Terrace, Atlanta, GA 30339 and is offered at $130,000 and is a must-see.

Exclusively marketed by:

Aaron Hofmann

Keller Williams Realty

770-653-9601

aaron@SmyrnaVinings.com

SmyrnaVinings.com

[where: 30339]

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• 2010 Smyrna Beer Fest
• 2010 Vinings Tour of Homes Preview Party
• 2010 Vinings Tour of Homes
• Wednesday Night Global Wine Stroll
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Are you thinking about becoming a first-time home buyer? Maybe you’re tired of paying rent and enticed by the $8,000 first-time home buyer tax credit. The tax credit ends November 30th, so even if you’ve procrastinated a bit, it’s still not too late.

Timing is important for most first-time buyers today. For those who purchase a home this year, the tax credit is for 10% of the purchase price, up to $8,000. Those who have owned a home in the past three years aren’t eligible. Buyers also have to meet eligibility requirements regarding income; the current credit begins to phase out for singles who make more than $75,000 and couples who make more than $150,000.

“We’ve definitely seen an increase in buyers wanting to purchase prior to the November 30th deadline and receive the $8,000. It’s definitely motivation,” said local Smyrna Vinings Realtor, Aaron Hofmann.

Ensuring that you are able to close on your new home by November 30th, it’s imperative that you work with a local market expert who understands where the best deals can be found and which homes best meet your needs. The other critical aspect is to make sure you’re working with a lender and closing attorney that can properly handle your needs and prepare all the financing and closing documents in time.

Keller Williams Realty Cityside, Smyrna Vinings #1 real estate office, understands how critical this is. They expect a large surge in first-time home buyers leading up to the deadline and have ensured that additional resources are available to meet the consumer demand.

Thanksgiving may also throw a crimper into the schedule as well. So the earlier that you can close in November, the better off you will be. So be sure to plan accordingly. One of the best things you can do to prepare, is to meet one-on-one with a local Smyrna Vinings Realtor for a first-time homebuyer seminar and work with a local lender to get fully pre-approved. Both of these steps will save hours and hours from the process and ensure a successful transaction.

Most first-time homebuyers tend to purchase in the $300s or below. To simplify things a bit, we’ve provided Smyrna Vinings homes for sale right now so you can see what is available.

• Smyrna Vinings homes for sale from $300,000
• Smyrna Vinings homes for sale from $200,000
  
• Smyrna Vinings homes for sale from $100,000
• Smyrna Vinings condos and townhomes for sale from $300,000
• Smyrna Vinings condos and townhomes for sale from $200,000
• Smyrna Vinings condos and townhomes for sale from $100,000

Of course, buying a home has to be the right decision. The purpose of the Keller Williams first-time home buyer seminar is to help you understand the process, the costs, which will allow you to make an informed decision. It’s important to understand how much down payment you will need, closing costs and other ancillary expenses.

But without a doubt, it’s a great time to be a first-time home buyer. Home prices are down, interest rates are phenomenal and throw in the $8,000 tax credit. In fact, the biggest concern lurking for home buyers is positive economic news. What’s good for the economy is not good for mortgage interest rates, which are expecting to increase over the next 12 months. A 1% increase rates will have a big impact on affordability.

The National Association of Realtors estimates that about 1.8 million to 2 million first-time buyers will take advantage of the tax credit this year.

If you’re thinking about buying a home, take the first step and contact us for a complimentary first-time home buyer seminar.

[where: 30080]

[where: 30082]

[where: 30126]

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 Townhome and Condo Sales July Recap
• Smyrna Vinings July Home Sales Recap
• Smyrna Vinings Mortgage Rate Update – Week of August 2, 2010

If you’re looking for wow-factor, then look no further. Located at 6185 Trumbul Oaks Ct, Mableton, GA 30126 located in Providence, a master-planned community complete with parks, a dog park, playground, tennis courts, swimming pools, a fabulous clubhouse, which includes a billiards room, and gated.

The townhome is an end-unit and tucked away for ultimate privacy.

This home features an open floorplan with a large kitchen with stained cabinetry, granite countertops and stainless steel appliances. There is a separate dining room, great room and sun room on the main level. It features real hardwood floors throughout the main level with enhanced trim, crown molding and built-in cabinetry.

The top floor features three bedrooms and two bathrooms, which includes the expansive master bedroom and master bathroom.The terrace level is finished and includes a bedroom and full bathroom.

This home has so much to offer and when combined with the neighborhood communities, you’ll feel like you’re living at a resort, but have the convenience of only being a couple miles outside the Perimeter.

6185 Trumbul Oaks Ct, Mableton, GA, 30126

Marketed by Aaron Hofmann of Keller Williams Realty.

Possibly Related Posts:

• Smyrna Vinings Townhome and Condo Sales July Recap
• 322 Smyrna Vinings Condos and Townhomes Sold
• Vinings Open House – 3803 Stonewall Terrace
• First-time Homebuyers Take Advantage of Market
• Smyrna Vinings Real Estate Deals