Time for us to recap the October 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 home buyer 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 October declined 6% from September figures. 2010 inventory levels are at an all time-low for October 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.
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 10.8 months worth of inventory versus 14 months just a year ago and we’ve seen an improvement in October compared to September.
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 October.
- 4727 Polo Lane , Atlanta Georgia 30339 located in Polo Place
- 2806 Drummond Point , Atlanta Georgia 30339 located in Drummond Point
- 3200 Lemons Ridge Drive , Atlanta Georgia 30339 located in Lemons Ridge
- 2115 Cooper Lake Drive , Smyrna Georgia 30080 located in Holden Estates
- 3953 Basque Circle , Smyrna Georgia 30080 located in West Vinings Place
- 2112 Murren Drive , Smyrna Georgia 30080 located in West Vinings Place
- 4213 Norbury Court , Smyrna Georgia 30080 located in Paces Ferry Registry
- 4549 Paradise Shoals Road , Smyrna Georgia 30080
- 5249 Sterling Cove Court , Mableton Georgia 30126 located in Vinings Estates
- 2866 Green Cove Way , Smyrna Georgia 30080 located in Greenwood
- 4110 Oberon Drive , Smyrna Georgia 30080 located in Paces Ferry Park
- 4268 Woodland Brook Drive , Atlanta Georgia 30339 located in Baker Clark
- 787 Bellhaven Chase Court , Mableton Georgia 30126 located in Vinings Estates
- 2241 Fort Drive , Smyrna Georgia 30080 located in Registry at Park Avenue
- 2061 Westwood Circle , Smyrna Georgia 30080 located in Stonehaven at Vinings
- 4097 Barnes Meadow Rd , Smyrna Georgia 30082 located in Barnes Mill
- 5389 Windsor Green Court , Mableton Georgia 30126 located in Vinings Estates
- 415 Oak Brook Court , Smyrna Georgia 30082 located in Oak Hills
- 1915 Haven Park Circle , Smyrna Georgia 30080 located in West Haven
- 1139 Queensgate Drive , Smyrna Georgia 30082 located in King Valley
- 1556 Delford Way, Smyrna Georgia 30082 located in Woodland Brooke
- 4047 Vinings Mill Court , Smyrna Georgia 30080 located in Olde Vinings Mill
- 1171 Drewsbury Court , Smyrna Georgia 30080 located in Vinings Pointe
- 2741 Brookgrove Court , Atlanta Georgia 30339 located in Brook Grove of Vinings
- 2441 CumberlandDrive , Smyrna Georgia 30080 located in Vinings Chase
- 3073 Dunn Street , Smyrna Georgia 30080 located in Forest Hills
- 5627 Vinings Place Trail , Mableton Georgia 30126 located in Vinings Place
- 3080 Lee Street , Smyrna Georgia 30080 located in Forest Hills
- 10 Coopers Glen Drive , Mableton Georgia 30126 located in Coopers Glen
- 6217 Huntington Ridge Road , Mableton Georgia 30126 located in Huntington Ridge
- 5087 Bright Hampton Drive , Smyrna Georgia 30080 located in Park At Vinings
- 5975 HaddonPlace , Mableton Georgia 30126 located in The Enclave at Oakdale
- 5139 Fawn Trail , Mableton Georgia 30126 located in Civitania Woods
- 5660 Coopers Glen Court , Mableton Georgia 30126 located in Coopers Glen
- 2603 Alvecot Circle , Smyrna Georgia 30080 located in Park At Vinings
- 1278 Daniell Drive , Smyrna Georgia 30080 located in Forest Hills
- 5068 Bright Hampton Drive , Smyrna Georgia 30080 located in Park At Vinings
- 3680 Lee Street , Smyrna Georgia 30080 located in Forest Hills
- 5060 Bright Hampton Drive , Smyrna Georgia 30080 located in Park At Vinings
- 6000 Buckner Creek Court , Mableton Georgia 30126 located in Brookmere West
- 6015 Bordeau Walk , Smyrna Georgia 30082 located in Chateau Walk
- 1380 QuarlesAvenue , Smyrna Georgia 30080 located in Forest Hills
- 6131 Farmwood Way , Mableton Georgia 30126 located in Vinings Plantation
- 3057 Vineyard Way , Smyrna Georgia 30082 located in Chateau Walk
- 1119 Oakdale Drive , Smyrna Georgia 30080 located in Forest Hills
- 510 Norton Circle , Smyrna Georgia 30082 located in Norton Park
- 5068 Huntcrest Drive , Mableton Georgia 30126 located in Huntcrest
- 2996 Emory Road , Smyrna Georgia 30080
- 196 Chateau Way , Smyrna Georgia 30082 located in Chateau Walk
- 4094 Norton Place , Smyrna Georgia 30082 located in Heritage Mill
- 31 Wrenfield Lane , Smyrna Georgia 30082 located in Winward Forest
- 5180 Forest MistDrive , Smyrna Georgia 30082 located in Green Forest
- 3413 Navaho Trail , Smyrna Georgia 30080 located in Creatwood Forest
- 550 Lee AnDrive , Smyrna Georgia 30082 located in Russell Heights
- 117 Deerfield Trail , Mableton Georgia 30126 located in Grainger Hills Estates
- 514 Gresham Road , Mableton Georgia 30126 located in Gresham
- 665 San Fernando Drive , Smyrna Georgia 30080 located in Belmont Hills
- 2007 Kenwood Road , Smyrna Georgia 30082 located in Kenwood
- 685 Inglewood Drive , Smyrna Georgia 30080 located in Belmont Hills
- 2935 Anderson Circle , Smyrna Georgia 30080
- 1885 Benson Avenue , Smyrna Georgia 30080 located in green acres
- 2212 Old Spring Road , Smyrna Georgia 30080 located in Green Hills
- 4894 Sugar Valley Road , Mableton Georgia 30126 located in Clay Manor
- 2698 Gilbert Street , Smyrna Georgia 30080
- 2179 Harold Lane , Smyrna Georgia 30080 located in Green Hills
- 1188 Old Alabama Road , Mableton Georgia 30126
- 781 Pat Mell Road , Smyrna Georgia 30080
That is your Smyrna Vinings homes sales activity recap for October. 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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[where: 30339]
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[where: 30126]