The Smyrna Vinings Sunday Tour of Homes will be running from 2-4 pm on Sunday, April 1, 2007. There are four homes on the tour and if you you preview all four homes, you will be able register for a $75 gift certificate to Soho in the Vinings. The following homes are on tour.
32 Dunaire Court 3957 Harmony Walk
4204 Terrace Ct 4213 Terrace Ct
The Tour of Homes starts at 2pm.
Directions are as follows:
1. From S. Cobb Drive go west on East-West Connector.
2. Turn left on Fontaine Road
3. Turn right on Nickajack Road
4. Turn right into Glenleigh subdivision and proceed to the T.
5. Turn right on Kinvarra Circle, then right on Dunaire Court.
6. The first home is on your right at 32 Dunaire Court.
7. From Glenleigh neighborhood exit, turn right onto Nickajack Road.
8. Turn right on windsor Drive
9. Turn right on Concord Road and proceed through covered bridge district
10. Turn left into Concord Walk on Harmony Walk Way
11. Proceed to end and home will be on your right at 3957 Harmony Walk Way.
12. Exit Concord Walk neighborhood and turn left on Concord Road.
13. Turn right on Concord Lane (just before CVS).
14. Turn right on N Cooper Lake Road.
15. Turn left into Austin Lake on Austin Lake Drive.
16. Turn right on Terrace Court, next home on right at 4204 Terrace Court.
17. Continue down Terrace Court to 4213 Terrace Court.
You have completed the tour. Be sure to register at each location in order to qualify for the drawing. If you have any questions, call Aaron Hofmann at 770-653-9601.
Here’s the latest update on the Smyrna Vinings home market. In the graph above, we have shown the number of active listings in both February and March by price segment for both houses and condos, as well as, the months of inventory in each price segment. Months of inventory indicates the number of months it is estimated to take to sell all active homes currently listed based upon the amount of homes sold in the past year in their respective zip codes and price points. More than 6 months of inventory typically points to it being a buyer’s market.
The interesting thing to note from this graph is that the market’s largest number of listings is at the high and low end of the market, with quite a drop off in the amount of inventory between $300,000 to $500,000. As noted above regarding month’s of inventory, the only market that appears to be a true seller’s market are houses in the $200,000 – $299,999 segment.
As noted last month, some areas are still heavily weighted due to so much new construction that has entered the market at a price point that was not common in the Smyrna Vinings home market. New construction in this price point include Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.
There is a similar trend in the condo market as we’re seeing the introduction of $500-750,000 condos in the Smyrna Vinings Market. Some of the developments influencing these statistics are Greystone at Vinings, One Ivy Walk and Kensington Green.
Aside from $500+ price segment, the inventory amounts for other price points for the Smyrna Vinings home market actually indicates a fairly healthy housing market. As expected we’ve seen a slight uptick in the months of inventory in the single family homes over last month. It has increased from 7.20 last month to 7.69 in March. This is due to a 7% increase in active listings compared to last month, 617 houses compared to 578 in February. Intererstingly enough, the condo and townhome market also increased 7% over last month, with a total of 356 units now on the market.
What to look for? We were expecting the increase in inventory and should continue to see that for the next couple months, but didn’t really expect the uptick in month’s of inventory. This will be something to watch closely over the next couple months.
The H2 Realty Group is exclusively partnered with Keller Williams Realty, the fourth largest and fastest growing real estate company in North America (according to the August 2005 issue of REALTOR Magazine). The H2 Realty Group provides services to home buyers and home sellers in the north metro Atlanta area including Smyrna, Vinings, Buckhead, Midtown, Brookhaven, Marietta, Mableton, Kennesaw, Sandy Springs, Roswell, Alpharetta, Duluth and Norcross. All tools and resources can be accessed at
www.H2realty.com.
