We’re back to recap the September 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. 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 September declined 6% from August 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 11.5 months worth of inventory versus 15 months just a year ago and we’ve seen an improvement in September compared to August.
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 September.
- 1372 Wynbrook Trace, Mableton Georgia 30126 located in Vinings Estates
- 4141 Valley Creek Drive, Atlanta Georgia 30339 located in Vinings
- 2890 Vinings Way, Atlanta Georgia 30339 located in Vinings Park
- 3689 Spring Hill Road, Smyrna Georgia 30080 located in Olde Vinings Estates
- 3241 Teton Drive, Atlanta Georgia 30339 located in Vinings
- 5056 Belair Bluff Court, Mableton Georgia 30126 located in Vinings Estates
- 2165 Basque Drive, Smyrna Georgia 30080 located in West Vinings Place
- 1508 Collier Place, Smyrna Georgia 30080 located in Collier Place
- 1246 Grand View Drive, Mableton Georgia 30126 located in Vinings Estates
- 4095 Oberon Court, Smyrna Georgia 30080 located in Paces Ferry Park
- 4276 North Elizabeth Lane, Atlanta Georgia 30339 located in Clark Baker
- 4209 Maner Street, Smyrna Georgia 30080 located in Gilmore Heights
- 2061 Cheyanne Drive, Smyrna Georgia 30080 located in Stonehaven at Vinings
- 3242 Millwood Trail, Smyrna Georgia 30080 located in Heritage at Vinings
- 4117 Oberon Drive, Smyrna Georgia 30080 located in Paces Ferry Park
- 3268 Millwood Trail, Smyrna Georgia 30080 located in Heritage at Vinings
- 4056 Vinings Mill Trail, Smyrna Georgia 30080 located in Olde Vinings Mill
- 4356 Cooper Oaks Drive, Smyrna Georgia 30080 located in Cooper Lake Estates
- 3520 Ivy Manor Road, Smyrna Georgia 30080 located in Oak Ridge Estates
- 811 Kendall Knoll Way, Mableton Georgia 30126 located in Vinings Estates
- 5375 Windsor Green Court, Mableton Georgia 30126 located in Vinings Estates
- 1891 Haven Park Circle, Smyrna Georgia 30080 located in West Haven
- 2003 Ivy Ridge Road, Smyrna Georgia 30080 located in Oak Ridge Estates
- 4334 Orchard Valley Drive, Atlanta Georgia 30339 located in Vinings Heights
- 4170 Ridgehurst Drive, Smyrna Georgia 30080 located in Vinings Glen
- 2455 Tyne Terrace, Smyrna Georgia 30080 located in Paces Ferry Park
- 4538 Wilkerson Place, Smyrna Georgia 30082 located in Woodbridge Crossing
- 4249 MillsideWalk, Smyrna Georgia 30080 located in Vinings Mill West
- 6044 Queens River Drive, Mableton Georgia 30126 located in Providence
- 1306 Calderwood Court, Smyrna Georgia 30080 located in Vinings Pointe
- 5505 Vinings Lake Lane, Mableton Georgia 30126 located in The Retreat at Old Vinings Lake
- 5010 Groover Drive, Smyrna Georgia 30080 located in Oakdale Preserve
- 1860 Tristan Drive, Smyrna Georgia 30080 located in Paces Green
- 3092 Nichols Street, Smyrna Georgia 30080 located in Medlin Place
- 5131 Vinings Estates Way, Mableton Georgia 30126 located in Vinings Estates
- 5130 Stoneywood Circle, Mableton Georgia 30126 located in Stoneybrook
- 354 Bridgebrook Lane, Smyrna Georgia 30082 located in Covered Bridge Crossing
- 5804 Samoa Court, Mableton Georgia 30126 located in The Retreat at Old Vinings Lake
- 3104 Nichols Street, Smyrna Georgia 30080 located in Medlin Place
- 6365 Century Park Place, Mableton Georgia 30126 located in Legacy at the River Line
- 4653 Gann Court, Smyrna Georgia 30082 located in Gann Crossing
- 1261 Laurel SummitDrive, Smyrna Georgia 30082 located in Laurel Cliffs
- 2162 Berryhill Circle, Smyrna Georgia 30082 located in Paces Lake
- 5679 Wandering Vine Lane , Mableton Georgia 30126 located in Vinings Cove
- 4614 Verlander Way, Mableton Georgia 30126 located in Concord Village
- 5457 Trumpet Vine Trail, Mableton Georgia 30126 located in Vinings Cove
- 360 Madeira Circle, Smyrna Georgia 30082 located in Nickajack Homes
- 3563 Sherwood Road, Smyrna Georgia 30082
- 5311 Elsie Lane, Mableton Georgia 30126 located in Daniell Downs
- 551 Norton Circle, Smyrna Georgia 30082 located in Norton Park
- 917 Ashton Park Drive, Mableton Georgia 30126 located in Ashton Park
- 2712 Sanibel Lane, Smyrna Georgia 30082 located in Peach Arbor
- 3950 Green Forest Parkway, Smyrna Georgia 30082 located in Green Forest
- 3585 Drucilla Place, Smyrna Georgia 30082 located in Sycamore Hills
- 6043 Lakeshore Drive, Mableton Georgia 30126 located in Red Bud
- 6601 Gordon Hills Drive, Mableton Georgia 30126 located in Gordon Woods
- 250 Stroud Drive, Mableton Georgia 30126
- 1081 Grace Street, Mableton Georgia 30126 located in Patterson Heights
- 3372 Griffin Terrace, Smyrna Georgia 30082 located in Concord Woods
- 235 Hurt Road, Smyrna Georgia 30082 located in Hurt Park
- 3580 Mill Creek Drive, Smyrna Georgia 30082 located in River Cove
- 5651 Beaver Drive, Mableton Georgia 30126
- 6049 Thunderwood Road, Mableton Georgia 30126 located in Landers Farm
That is your Smyrna Vinings homes sales activity recap for September. 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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