Smyrna Vinings Home Sales Surge in June

Smyrna Vinings home sales peaked in June. Who would have imagined that we would see such a remarkable rebound compared to just a few years ago. Alas, there are limits in terms of what we expect from the Smyrna Vinings real estate. At this point, we’re seeing the market stabilizing at a very solid rate. Without more land to develop or more homeowners entering the resale market, this is looking like the new normal for Smyrna Vinings home sales. 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 will offer. We’re certainly off to a good start.

Smyrna Vinings Home Sales June 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 popped in June as buyers jumped 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 a housing slowdown, we’re definitely not seeing it in the Smyrna Vinings real estate market.

Smyrna Vinings Homes for Sale June 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 each month in 2014, which is actually good since inventory levels were and still are at very low levels. 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 June 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 May, inventory levels have increased slightly from the end of 2013, 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 June 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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2014 Upward Sports Flag Football and Cheerleading

Upward Flag Football and Cheerleading

The First Baptist Church of Smyrna offers an exciting flag football and cheerleading league for children and youth where Every Child is a Winner. Registration is open for the 2014 Upward Flag Football and Cheerleading league.

They focus on character qualities of sportsmanship, best effort, leadership, and Christlikeness as they teach the fundamentals of football and cheerleading. They have k4-10th grade boys and girls flag football and k4-4th grade cheerleading.

Evaluation  sessions are Saturday, August 2nd and 9th from 9am – 1pm. They expect a great season, so they encourage you to register early to help them with planning. Early registration is $110.

Register online or download the registration form and drop off at the FBC Smyrna church office between 9 am and 5 pm Monday – Friday. They encourage you to register online if possible. It expedites processing and is a more efficient use of all of everyone’s time.

Evaluations and sizing sessions are Saturday, August 2nd and 9th from 9 a.m. to 1 p.m. at the FBC Smyrna Athletic Field, so be sure to mark your calendars.

Practices start Monday, August 18th and league play on Saturday, September 6th.

For more information visit the church office at 1275 Church Street, Smyrna, GA or call (770) 435-3231.

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2014 July 4th Celebrations Around Atlanta

July 3, 2014toJuly 5, 2014

Where will you be watching your Fourth of July fireworks celebration? As I’m sure you know, Smyrna Vinings does not hold their own fireworks show on July 4th. Our big fireworks show comes up during the upcoming Smyrna Birthday celebration on Saturday, August 2nd. So if you’re wanting a fireworks show to celebrate Independence Day, here are some of the options in metro Atlanta.

54th Annual Legendary 4th at Lenox Square Mall

For over half a century, Lenox Square has celebrated red, white and blue in grand tradition with activities for the entire family. This year’s activities will include the largest fireworks display in the Southeast, musical entertainment and food concessions. For the second year, Lenox Square will host its talent search…, ‘Atlanta’s Next Star,’ where the crowned winner will perform in front of crowds filled with family and friends. Culminating the evening will be the signature fireworks display, featuring thousands of fireworks bursting in air for approximately 20 minutes, accompanied by a patriotic musical soundtrack. Lenox Square’s legendary celebration is free and open to the public. Headlining the evening will be Atlanta’s premier cover band, Party on the Moon, taking the stage at 7:30 and playing until the fireworks show begins. Winner of Lenox Square’s talent search, ‘Atlanta’s Next Star’ opens the show and Journey tribute band, Departure, will perform at 6:45 p.m. Lenox Square shops and restaurants are open from 10 a.m. – 6 p.m. Fireworks scheduled to begin at approximately 9:40 p.m.

4th of July Celebration at Centennial Olympic Park

Centennial Olympic Park’s 4th of July Celebration is a downtown Atlanta staple on Independence Day. The Park’s largest event of the year provides visitors and residents alike with the best concert and fireworks in the city. Live, family-friendly entertainment performs in the late afternoon and the evening concludes with an impressive fireworks display that lights up the beautiful, downtown Atlanta skyline. Each year, thousands of people come to the Park to celebrate Independence Day. MARTA is strongly encouraged for transportation. Arrive at the Park early to get a good seat and enjoy fun for the whole family.

Park gates open at 6 p.m. and fireworks start at approximately 9:40 p.m. The finale of the evening is Centennnial Olympic Park’s Fireworks Spectacular, Atlanta’s best fireworks display synchronized to a special selection of patriotic and popular music.

Decatur’s Pied Piper Parade, Concert & Fireworks on the 4th

Join Decatur’s July 4th Pied Piper Parade as it winds through downtown Decatur. Decorate your wagon, ride your bike, skate, or walk in this event. The City Commissioners will lead the parade in the mini-firetruck. Neighborhoods and organizations are encouraged to make floats and join the fun. Parade line-up is at the First Baptist Church of Decatur at 5:30 p.m. The parade begins at 6 p.m. The concert, featuring the Callanwolde Concert Band, begins at 7 p.m. in the Community Bandstand. Fireworks begin at dark (approximately 9 p.m.) and are shot from the top of the DeKalb County parking deck.

Roswell’s 15th Annual Fireworks Extravaganza

Show your patriotism by celebrating our Country’s Independence Day in Roswell with entertainment and a breathtaking fireworks display. This year’s July 4th Fireworks Extravaganza will take place at Sweet Apple Elementary School located on 12025 Etris Road, Roswell, GA 30075. Food trucks will be present, but there will not be any bands, games or inflatables this year due to limited space. Bring your chairs, blankets and picnics for an old fashion family outing. Fireworks will start at dark (around 9:30 p.m.) and can be viewed around Sweet Apple Elementary School, between Sweet Apple Park and Publix Shopping Center, and at North River Baptist Church.

July 4th Festivities and Fireworks at Wills Park in Alpharetta

Celebrate Independence Day with family and friends at Wills Park. Festivities begin @ 5:30pm on the lawn behind Alpharetta Community Center as the American Heritage Society of Georgia present historical information on the importance and meaning of Independence Day. Musical entertainment by the Alpharetta City Band and local band Serious Business will follow. Children’s inflatables will be on the lawn from 6pm to 9pm. There will be a nominal fee for inflatables. Food vendors will be located throughout Wills Park from 6pm to 9pm, or bring your own picnic. The spectacular fireworks display begins at dusk!

Red, White and Brew Beer Fest at the Georgia Aquarium

Celebrate 4th of July this year in Georgia Aquarium’s Oceans Ballroom with unlimited beer sampling, live music from The Geeks, a full BBQ dinner buffet, OMG photo booth sponsored by PGi, caricature artists and more! At the end of the night, join us on the top of our Parking Deck for the city’s BEST view of the Centennial Olympic Park’s firework show. All this while raising money for our Sponsored Education Admissions program, teacher development and summer camps! Tickets are $45 per member / $55 per non-member.

Marietta Fourth of July Celebration on the Marietta Square

The city of Marietta’s Fourth in the Park celebration begins Friday, July 4, 2014 at 10 a.m. and includes a parade, free live concerts, museum tours, arts and crafts show, food, carnival games and fireworks finale.

Stone Mountain Park: 46th Annual Fantastic Fourth Celebration

Fantastic Fourth Celebration was voted the “Best Place to see Fireworks in Atlanta” by Atlanta Journal-Constitution readers, a “Must-See Fireworks Show” by USA Today and one of Reader’s Digest’s picks for “America’s Most Spectacular Fourth of July Fireworks.” Enjoy the Lasershow Spectacular in Mountainvision each night on July 3rd-5th followed by a special, patriotic fireworks finale on each night! Included with $10 daily parking permit or $35 annual parking permit.

Sandy Springs Stars and Stripes Celebration

Mark your calendar for this Saturday, July 5, 2014, for the Sandy Springs community fireworks display at the Concourse Corporate Center lawn. The band, Shiloh, will perform at 7:30 p.m. Fireworks will begin at 9:45 p.m. Residents are encouraged to pack a snack, bring a blanket, and enjoy an evening under the stars as fireworks illuminate the sky above the iconic King and Queen buildings. Water stations will be located throughout the Concourse lawn. Pets, tents, outdoor cooking and personal-use sparklers will not be permitted.

Everyone have fun!

 

Smyrna Business Association July Luncheon

July 10, 2014
11:30 amto1:00 pm

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Mark your calendars for Smyrna Business Association’s July 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, July 10th.

Mayor Bacon will present his annual update on major events and progress in the City.This is a joint meeting with the Smyrna Division of The Cobb Chamber. Lunch is free but you must register through the Cobb Chamber of Commerce by Noon, Tuesday, July 8th.

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

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