Smyrna Vinings August Home Sales Recap

Well, I’m sure you’ve heard about how awful the housing market is, but as we showed you last month in the July Smyrna Vinings Home Sales Recap, it’s not nearly as bad as other areas in Atlanta or in comparison to some of the nationwide numbers that we’ve been seeing. So let’s get to it and see what’s going on in the only market that you care about, your local Smyrna Vinings home market.

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 and then leveling off a bit. The other point to take away from this chart is that a lot of Smyrna Vinings homes are still selling. Many areas have experienced a significant drop in sales since June 30th when the homebuyer tax credit expired. Obviously, we haven’t seen that here.

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. Active Smyrna Vinings homes for sale at the end of August declined 3% from July figures. 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 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 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 15.5 months just a year ago and we’ve seen an improvement in August compared to July.

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.

  • 3287  King Springs  Road , Smyrna  Georgia  30080
  • 3528  Paces Ferry  Circle , Smyrna  Georgia  30080 located in 2000 Paces Ferry
  • 3456  Paces Ferry  Circle , Smyrna  Georgia  30080 located in 2000 Paces Ferry
  • 1920  Haven Park  Circle , Smyrna  Georgia  30080  located in West Haven
  • 4219  Maner  Street , Smyrna  Georgia  30080  located in Gilmore Heights
  • 3388  Fieldwood  Drive , Smyrna  Georgia  30080  located in Heritage at Vinings
  • 1723  Jamestown  Court , Smyrna  Georgia  30080  located in Heritage at Vinings
  • 3654  Gatehurst  Court , Smyrna  Georgia  30080  located in Vinings Gate
  • 3235  Collier Gate Court , Smyrna  Georgia  30080  located in Collier Gate
  • 3340  Fieldwood  Drive , Smyrna  Georgia  30080  located in Heritage at Vinings
  • 1722  Jamestown  Court , Smyrna  Georgia  30080  located in Heritage at Vinings
  • 3310  Wenlock Edge  Drive , Smyrna  Georgia  30080  located in Vinings Chase
  • 3806  Wakefield Hall  Square , Smyrna  Georgia  30080  located in Wakefield Estates
  • 1398  Marston  Street , Smyrna  Georgia  30080
  • 1895  Haven Park  Circle , Smyrna  Georgia  30080  located in West Haven
  • 1369  Spruce Drive , Smyrna  Georgia  30080  located in Forest Hills
  • 3088  Dunn  Street , Smyrna  Georgia  30080  located in Forest Hills
  • 879  Pat Mell Road , Smyrna  Georgia  30080
  • 2170  Harold Lane , Smyrna  Georgia  30080  located in Green Hills
  • 701  Lawton Bridge  Road , Smyrna  Georgia  30082 located in Barnes Mill
  • 401  Oak Brook  Court , Smyrna  Georgia  30082 located in Oak Hills
  • 5204  Cardinal Chase  , Smyrna  Georgia  30082 located in Austin Lake
  • 459  Cooper Woods  Court , Smyrna  Georgia  30082  located in Cooper Lake Woods
  • 4540  Wilkerson  Place , Smyrna  Georgia  30082 located in Woodbridge Crossing
  • 1222  Kenway  Circle , Smyrna  Georgia  30082 located in King Valley at Vinings
  • 4423  Felix  Way , Smyrna  Georgia  30082  located in Woodbridge Crossing
  • 1604  Allsworth Court , Smyrna  Georgia  30082  located in Woodland Brooke
  • 4427  Crestoak  Drive , Smyrna  Georgia  30082  located in Bridge Walk At Kalb Farm
  • 2210  Adderbury  Court , Smyrna  Georgia  30082  located in Bentley Park
  • 4226  Fawn Lane , Smyrna  Georgia  30082  located in Deerwood
  • 3665  Alpine  Drive , Smyrna  Georgia  30082  located in West Smyrna Heights
  • 3100  Gray Road , Smyrna  Georgia  30082  located in Winward Forest
  • 3849  Brandy Station  Court , Atlanta  Georgia  30339  located in Vinings
  • 4340  Woodland Brook  Drive , Atlanta  Georgia  30339  located in Vinings
  • 1100  Ivey Ridge Place , Mableton  Georgia  30126  located in Vinings Estates
  • 5118  Crescent Cove  Lane , Mableton  Georgia  30126  located in Vinings Estates
  • 5139  Parkwood Oaks Lane , Mableton  Georgia  30126  located in Vinings Estates
  • 5146  Vinings Estates  Way , Mableton  Georgia  30126  located in Vinings Estates
  • 6415  Century Park  Place , Mableton  Georgia  30126  located in Legacy at the River Line
  • 6025  Queens River  Drive , Mableton  Georgia  30126  located in Providence
  • 4689  Heritage Lakes  Court , Mableton  Georgia  30126  located in Heritage Lakes
  • 6254  Providence Club  Drive , Mableton  Georgia  30126  located in Providence
  • 5117  Stoneywood  Circle , Mableton  Georgia  30126  located in Stoneybrook
  • 6145  Brookmere Place , Mableton  Georgia  30126  located in Brookmere
  • 4571  Queen Anne  Court , Mableton  Georgia  30126  located in Anne Place
  • 5118  Cavalier  Drive , Mableton  Georgia  30126  located in Civitania Woods
  • 5142  Waterford  Drive , Mableton  Georgia  30126  located in Shannon Green
  • 4515  Verlander  Court , Mableton  Georgia  30126  located in Concord Village
  • 5007  Shannon Way , Mableton  Georgia  30126  located in Shannon Green
  • 5235  Concord Ridge  Drive , Mableton  Georgia  30126  located in Concord Ridge
  • 4806  Lismoor  Trace , Mableton  Georgia  30126  located in Glenleigh
  • 6131  Farmwood Way , Mableton  Georgia  30126  located in Vinings Plantation
  • 1190  Crestbrook  Drive , Mableton  Georgia  30126  located in Crestbrook
  • 5878  Graywood  Circle , Mableton  Georgia  30126  located in Grayson Pointe
  • 6185  Britt  Road , Mableton  Georgia  30126  located in Boulder Vista
  • 1031  Cliff Drive , Mableton  Georgia  30126  located in Crabapple

That is  your Smyrna Vinings homes sales activity recap for August. 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.

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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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