Smyrna Vinings Townhome and Condo Sales September 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 for September. First off, lets get started with the Smyrna Vinings condo sales figures for September.

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 September. 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 9.5 months worth of inventory versus 15.5 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.

• 2833  Paces Lookout  Lane , Atlanta  Georgia  30339  located in Avignon at Vinings
• 2700  Paces Ferry  Road , Atlanta  Georgia  30339  located in The Aberdeen
• 4306  Bridgehaven Drive , Smyrna  Georgia  30080  located in One Ivy Walk
• 3331  Vintage  Circle , Smyrna  Georgia  30080  located in Vintage Square
• 2268  Edgartown  Lane , Smyrna  Georgia  30080 located in One Ivy Walk
• 2950  Mount Wilkinson Parkway , Atlanta  Georgia  30339  located in One Vinings Mountain
• 2838  Crescent Park  Lane , Atlanta  Georgia  30339  located in Circle 75
• 4252  Laurel Creek Ct SE  , Smyrna  Georgia  30080 located in Laurel Creek
• 4901  Payson Way , Smyrna  Georgia  30080  located in Chadsworth
• 3300  Windy Ridge  Parkway , Atlanta  Georgia  30339  located in Horizon at Wildwood
• 3300  Windy Ridge  Parkway , Atlanta  Georgia  30339  located in Horizon at Wildwood
• 3543  Chattahoochee Summit  Lane , Atlanta  Georgia  30339  located in Chattahoochee Bluffs
• 3554  Chattahoochee Summit  Lane , Atlanta  Georgia  30339  located in Chattahoochee Bluffs
• 3300  Windy Ridge  Parkway , Atlanta  Georgia  30339  located in Horizon at Wildwood
• 2216  Concordia  Way , Mableton  Georgia  30126  located in Riverview At Vinings
• 1152  Parktown  Drive , Mableton  Georgia  30126  located in Concord Trails
• 4805  Village  Way , Smyrna  Georgia  30080  located in Flats At West Village
• 108  Stuart Castle Way  , Smyrna  Georgia  30082  located in Highlands View
• 3484  Essex  Avenue , Atlanta  Georgia  30339  located in Essex House
• 3150  Woodwalk Drive , Atlanta  Georgia  30339  located in Flats At West Village
• 1560  Paces Ferry North  Drive , Smyrna  Georgia  30080  located in Paces Ferry North
• 3410  Essex  Avenue , Atlanta  Georgia  30339  located in Essex House
• 910  Lismore  , Smyrna  Georgia  30080  located in Waterford Place
• 4053  Cooper Ridge  Court , Smyrna  Georgia  30080  located in Cooper Landing
• 206  Bridge  Lane , Smyrna  Georgia  30082 located in Bridge at Mill Pond
• 37  Doranne  Court , Smyrna  Georgia  30080  located in Hillsdale
• 1250  Parkwood  Circle , Atlanta  Georgia  30339  located in Parkwood Place
• 101  Countryside Place , Smyrna  Georgia  30080  located in Countryside
• 1002  Huntington Trace , Smyrna  Georgia  30082  located in Huntington Place
• 797  Joseph Club  Drive , Mableton  Georgia  30126 located in Twin Bridges
• 3156  Reeves Street , Smyrna  Georgia  30080  located in Oak Ridge Manor
• 1302  Surrey Lane , Marietta  Georgia  30080  located in Bellemeade Commons

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

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]