Smyrna Vinings July Home Sales Recap

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.

About the Author ()

Aaron Hofmann is the founder of SmyrnaVinings.com and also a Realtor with Atlanta Communities focused on the Smyrna real estate market and the Vinings real estate market. Aaron is a transplant from the Midwest (amazingly not a native Atlantan) and has lived in the Smyrna Vinings area for over 10 years. Find Aaron Hofmann on Google+

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