Smyrna Vinings Townhome and Condo Sales August Recap

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. First off, lets get started with the Smyrna Vinings sales figures for August.

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, in fact, we just surpassed 2008 sales levels in August. 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 things that means, is 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, with the highest amount of bloat and most severe buyer’s market 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 10 months worth of inventory versus 17 months just a year and half 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.

• 2271  Falmouth Court  , Smyrna  Georgia  30080  located in One Ivy Walk
• 2137  Monhegan  Way , Smyrna  Georgia  30080  located in One Ivy Walk
• 2950  Mount Wilkinson  Parkway , Atlanta  Georgia  30339  located in One Vinings Mountain
• 2139  West Village  Crossing , Smyrna  Georgia  30080  located in West Village
• 3024  Riverstone  Trail , Atlanta  Georgia  30339  located in Riverstone At Wildwood
• 1068  Regal Hills  Lane , Mableton  Georgia  30126  located in Providence
• 6138  Holly Park  Lane , Mableton  Georgia  30126  located in Legacy at the River Line
• 625  Aunt Lucy  , Smyrna  Georgia  30080  located in Magnolias at Barnes Mill
• 244  Highlands Ridge  Place , Smyrna  Georgia  30082  located in Highlands Ridge
• 3743  Chattahoochee Summit  Drive , Atlanta  Georgia  30339  located in Chattahoochee Bluffs
• 2364  Crescent Park  Court , Atlanta  Georgia  30339  located in Circle 75
• 3791  Elhew  Lane , Smyrna  Georgia  30082  located in Verandas at Barnes Mill
• 3300  Windy Ridge  Parkway , Atlanta  Georgia  30339  located in Horizon
• 402  Creekview  Trail , Smyrna  Georgia  30082  located in Creekside at Vinings
• 2339  Millhaven  Street , Smyrna  Georgia  30080  located in Views At Park Avenue
• 3621  Vinings Slope  , Vinings  Georgia  30339  located in Vinings Main
• 3129  Dunton Street , Smyrna  Georgia  30080  located in Laurel Hill
• 3964  Covey Flush  Court , Smyrna  Georgia  30082  located in Carriages at Barnes Mill
• 5800  Oakdale  Road , Mableton  Georgia  30126  located in Riverline Crossing
• 105  Wetherbrooke Lane , Smyrna  Georgia  30082  located in Wetherbrooke
• 1626  Ivy Spring  Drive , Smyrna  Georgia  30080  located in Ivy Springs
• 4810  Ivy Ridge  Drive , Smyrna  Georgia  30080  located in Olde Ivy At Vinings
• 1761  Highlands  View , Smyrna  Georgia  30082  located in Highlands View
• 5239  Whiteoak  Avenue , Smyrna  Georgia  30080  located in White Oak Preserve
• 1302  Madison  Lane , Smyrna  Georgia  30080  located in The Madison at Village Green
• 5433  Alanis  Place , Mableton  Georgia  30126  located in Riverview at Vinings
• 200  River Vista  Drive , Atlanta  Georgia  30339  located in One River Place
• 2400  Cumberland  Parkway , Atlanta  Georgia  30339  located in Vinings Chase
• 3621  Vinings Slope  , Vinings  Georgia  30339  located in Vinings Main
• 3621  Vinings Slope  , Vinings  Georgia  30339  located in Vinings Main
• 3621  Vinings Slope  , Vinings  Georgia  30339  located in Vinings Main
• 4805  West Village Way , Smyrna  Georgia  30080  located in Flats at West Village
• 3150  Woodwalk  Drive , Atlanta  Georgia  30339  located in Flats At Riverwalk
• 601  Mill Pond  Drive , Smyrna  Georgia  30082  located in Mill Pond
• 2700  Vinings Central Drive , Smyrna  Georgia  30080  located in Vinings Central
• 1408  Countryside  Place , Smyrna  Georgia  30080  located in Countryside at Cumberland
• 1250  Parkwood Circle , Atlanta  Georgia  30339  located in Parkwood Place
• 1720  Cumberland Valley  Drive , Smyrna  Georgia  30080  located in Cumberland Townhomes
• 4549  Coopers Creek  Place , Smyrna  Georgia  30082  located in Coopers Creek
• 1688  Wynndowne  Trail , Smyrna  Georgia  30080  located in Wynndowne

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

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.

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