Smyrna Vinings Home Sales November Recap

Time for us to recap the November Smyrna Vinings home sales. The Smyrna Vinings home market continues it’s improvement and has proven to be a lot more resilient than a lot of areas around metro Atlanta. So let’s get to it and see what’s going on in the only market that matters most to you, your local Smyrna Vinings home market.

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. There is some concern as home sales have dropped quite a bit from August and are trending to a lower December sales number than any of the past few years.

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 November declined 5% from October figures. 2010 inventory levels are at an all time-low for November compared 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. With fewer homes for sale, if you want to sell your home, you’re facing less competition.

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 at 10.5 months worth of inventory versus 13 months just a year ago and we’ve seen an improvement in November compared to October.

As usual, we like to also show you exactly what is selling, ie what has sold this past month in Smyrna Vinings. So here’s a quick recap of the Smyrna Vinings homes that sold in November.

  • 3067  Farmington Drive , Vinings , Georgia  30339 located in Farmington
  • 761  Vinings Estates Drive , Mableton  Georgia  30126  located in Vinings Estates
  • 5241  Sterling Cove Court , Mableton  Georgia  30126  located in Vinings Estates
  • 4961  Highland Oaks Way , Mableton  Georgia  30126  located in Vinings Estates
  • 4951  Highland Oaks Run , Mableton  Georgia  30126  located in Vinings Estates
  • 2858  Kingsland Court , Atlanta  Georgia  30339  located in Courtyards of Vinings
  • 948  Woodland Pass , Smyrna  Georgia  30082 located in Woodland Walk
  • 5359  Highland Pine Lane , Mableton  Georgia  30126  located in Eastgate at Vinings Estates
  • 933  Regal Hills Lane, Mableton  Georgia  30126  located in Providence
  • 5047  Duxford Drive , Smyrna  Georgia  30082 located in Woodland Gate
  • 667  King Sword Court , Mableton  Georgia  30126  located in Kingsbridge Point
  • 5758  Vinings Place Court , Mableton  Georgia  30126  located in Vinings Place
  • 2409  Greyhurst Way , Smyrna  Georgia  30082 located in Bentley Park
  • 5742  Vinings Retreat Way , Mableton  Georgia  30126  located in The Retreat at Old Vinings Lake
  • 477  Hurt Road , Smyrna  Georgia  30082
  • 5919  Buckner Creek Drive , Mableton  Georgia  30126  located in Brookmere West
  • 1817  Hidden Springs Walk , Smyrna  Georgia  30082 located in Hidden Springs
  • 4256  Mill Grove Lane , Smyrna  Georgia  30082 located in Mill Grove
  • 1147  Silvergate Lane , Mableton  Georgia  30126  located in Silvergate
  • 555  Vintage Pointe Run , Mableton  Georgia  30126  located in Vinings Vintage
  • 4479  King Springs Road , Smyrna  Georgia  30082  located in Summerlin Woods
  • 519  Mount Gerizim Road , Mableton  Georgia  30126 located in Mount Gerizim Crest
  • 3910  Concord Walk Drive , Smyrna  Georgia  30082-3658  located in Concord Walk
  • 522  Mount Gerizim Road , Mableton  Georgia  30126  located in Mount Gerizim Crest
  • 555  Mount Gerizim Road , Mableton  Georgia  30126  located in Mount Gerizim Crest
  • 1335  Cooper Lake Road , Smyrna  Georgia  30082
  • 185  Castlebar Court , Mableton  Georgia  30126  located in Shannon Green North
  • 441  Collette Avenue , Mableton  Georgia  30126  located in Pine Grove Manor
  • 118  Lucia Drive , Smyrna  Georgia  30082 located in Sycamore Hills
  • 1141  Reed Road , Smyrna  Georgia  30082 located in King Springs Heights
  • 3088  Gray Road , Smyrna  Georgia  30082  located in Winward Forest
  • 6696  Starling Drive , Mableton  Georgia  30126  located in Jt Holloway
  • 2432  Elmwood Circle , Smyrna  Georgia  30082 located in Forest Acres
  • 6241  Dodgen Road , Mableton  Georgia  30126  located in Grainger Estates
  • 6501  Bonanza Trail, Mableton  Georgia  30126  located in Stroud
  • 6742  Queen Mill Road, Mableton  Georgia  30126  located in Queens Lake Estates
  • 1217  Angelia Drive, Mableton  Georgia  30126  located in La Bama Acres
  • 2994  Gray Road, Smyrna  Georgia  30082 located in Labelle Park
  • 215  Lane Drive, Mableton  Georgia  30126  located in NONE
  • 5912  Brookside Drive , Mableton  Georgia  30126  located in Johnstons Creek
  • 6175  Britt Road , Mableton  Georgia  30126  located in Boulder Vista
  • 6803  Queen Mill Road , Mableton  Georgia  30126  located in None
  • 948  Green Valley Road , Mableton  Georgia  30126  located in Clay Manor
  • 145  Barley Court , Mableton  Georgia  30126  located in Willow Pond
  • 616  Hunnicutt Road , Mableton  Georgia  30126  located in NONE
  • 700  Hurt Road , Smyrna  Georgia  30082  located in Nickajack Homes
  • 6470  Dodgen Road , Mableton  Georgia  30126  located in Richard Higgins
  • 267  Hurt Road , Smyrna  Georgia  30082  located in Hurt Park
  • 7086  Felton Lane , Mableton  Georgia  30126  located in Hillcrest
  • 1282  Stella Circle , Mableton  Georgia  30126
  • 63  Cooper Lake Road , Mableton  Georgia  30126
  • 6554  Factory Shoals Road , Mableton  Georgia  30126

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

    [where: 30080]

    [where: 30339]

    [where: 30082]

    [where: 30126]

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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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