Smyrna Vinings Condo & Townhome Sales Recap for October

Wondering what is going on in the Smyrna Vinings townhome and condo market? Look no further. We’re back to cover the latest sales activity for October. First off, lets get started with the Smyrna Vinings condo sales figures for October.

As you can see, we’ve been tracking the market for quite some time. We sell a lot of Smyrna Vinings homes, condos and townhomes and one of the major reasons is that we specialize in the area, know the inventory of homes for sale and understand the trends, statistics and all the local pertinent information necessary for you to make an informed decision.

As you’ll notice, the green bar is 2007 and we were selling a fair amount more condos and townhomes in 2007. Sales dropped continuously in 2008, while 2009 stabilized and picked up in the fourth quarter largely due to the first-time home buyer tax credit. Finally, in 2010, we’ve seen continuing improvement and are right on par with 2008 levels in October. One thing that is interesting in the condo and townhome market is that you don’t see as much cyclicality during the year like you expect in the single family home market.

One other point to note with the townhome and condo market is that while they’ve been hit harder by short sales and foreclosures, they’ve also recovered quicker in sales than the single family home market. This can be attributed to first-time home buyers finding these properties to be more affordable and a nice way to transition into the world of home ownership.

The Active Listings chart depicts Smyrna Vinings condos and townhomes currently for sale. You’ll note that total active listings peaked in 2008, which can be explained based upon sales dropping significantly in 2008, which resulted in Smyrna Vinings townhomes and condos sitting on the market longer. In 2009, we saw the active listings drop significantly and this can be tied to the economic uncertainty, which resulted in a lot less development of new condos and townhomes for sale in the Smyrna Vinings market.

This trend has continued into 2010. What we see now in the current market is that active listings are at a lower level in 2010 than in any of the past four years. One interesting point about this is you have less competition if you want to sell in today’s market. 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 gauge the health of the Smryna Vinings townhome and condo 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 you can see in the chart above is that we were closest to a seller’s market at the beginning of 2007, until this month. The highest amount of bloat and most severe buyer’s market was in January of 2009 with significant improvement coming at the end of 2009 and into 2010. In fact, if you were paying attention to the last two graphs, with higher sales and lower inventory, it would naturally result in an improved months of inventory ration. We’re still in a buyer’s market, but we’re essentially at 9 months worth of inventory versus 14 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 condos and townhomes that sold in August. One interesting point to note is how sales were spread out so widely across a large variety of townhome and condo complexes.

• 2950  Mount Wilkinson Parkway , Atlanta  Georgia  30339  located in One Vinings Mountain
• 2004  Kensington Green Drive , Smyrna  Georgia  30080  located in Kensington Green
• 2261  Edgartown Lane , Smyrna  Georgia  30080 located in One Ivy Walk
• 1872  Cedar Glen Way , Atlanta  Georgia  30339  located in Enclave at Riverwalk
• 2776  Loftview Square , Atlanta  Georgia  30339  located in Vinings Overlook
• 2950  Mount Wilkinson Parkway , Atlanta  Georgia  30339  located in One Vinings Mountain
• 1596  Spring Street , Smyrna  Georgia  30080 located in Spring Street Village
• 4810  Ivy Ridge Drive , Atlanta  Georgia  30080  located in Olde Ivy at Vinings
• 3785  Chattahoochee Summit Drive , Atlanta  Georgia  30339  located in Chattahoochee Bluffs
• 2224  Edgartown Lane , Smyrna  Georgia  30080 located in One Ivy Walk
• 4406  Wilkerson Manor Drive , Smyrna  Georgia  30080 located in Vinings Ridge
• 1534  Wehunt Circle , Smyrna  Georgia  30082  located in Westwood Terrace
• 1636  Wehunt Place , Smyrna  Georgia  30082  located in Westwood Terrace
• 4239  Laurel Creek Court , Smyrna  Georgia  30080  located in Laurel Creek
• 3300  Windy Ridge Parkway , Atlanta  Georgia  30339  located in Horizon at Wildwood
• 4231  Laurel Creek Court , Smyrna  Georgia  30080 located in Laurel Creek
• 3135  Dunton Street , Smyrna  Georgia  30080 located in Laurel Hill
• 3456  Vintage Circle , Smyrna  Georgia  30080  located in Vintage Square
• 3464  Vintage Circle , Smyrna  Georgia  30080  located in Vintage Square
• 1615  Watercress Court , Mableton  Georgia  30126  located in Oakdale Bluffs
• 1605  Watercress Court , Mableton  Georgia  30126  located in Oakdale Bluffs
• 310  Mony Stone Court , Smyrna  Georgia  30082  located in Highlands View
• 5754  Evadale Trace , Mableton  Georgia  30126  located in Regency At Oakdale Ridge
• 5307  Concordia Place , Mableton  Georgia  30126  located in Riverview At Vinings
• 3150  Woodwalk Drive , Atlanta  Georgia  30339  located in Flats At Riverwalk
• 2532  Oakwood Way , Smyrna  Georgia  30080 located in The Park At Oakley Downs
• 202  Spring Heights Lane , Smyrna  Georgia  30080  located in The Heights At Spring Road
• 1709  Highlands View Drive , Smyrna  Georgia  30080  located in Highlands View
• 1024  Riverbend Club Drive , Atlanta  Georgia  30339  located in Chattahoochee Trail
• 308  Spring Heights Lane , Smyrna  Georgia  30080 located in The Heights At Spring Road
• 4805  Village Way , Smyrna  Georgia  30080 located in Flats At West Village
• 906  Vinings Forest Lane , Smyrna  Georgia  30080 located in Vinings Forest
• 4262  Cabretta Drive , Smyrna  Georgia  30080 located in Vinings Walk
• 2121  Landsmere Drive , Mableton  Georgia  30126  located in Riverview At Viningss
• 2208  Cumberland Court , Smyrna  Georgia  30080 located in Vinings Run
• 5128  Afton Way , Smyrna  Georgia  30080 located in Afton Downs
• 1328  Poplar Pointe , Smyrna  Georgia  30082  located in The Oaks of Concord

OK, well that’s your Smyrna Vinings condo and townhome activity recap for October.

Hope that was helpful and don’t hesitate to contact us if we can help you sell your Smyrna Vinings condo or townhome or find your new Smyrna Vinings townhome or condo. And don’t forget that we offer the most extensive Smyrna Vinings condo and townhome search in the area.

[where: 30080]

[where: 30339]