Smyrna Vinings Home Market Update

We’re back again to update you on the lastes in the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

Inventories have continued to increase in the Smyrna Vinings market in homes, condos and townhomes. And as we go through Summer, we’re going to see inventories rise, but hopefully sales will improve as well, but don’t be surprised to see our months of inventory continu to increase as supply is well ahead of demand.

This past month in the Smyrna Vinings home market we had just a 1% increase in the number of active listings compared to last month and a worsening in the months of inventory to 12.76 months. We have 775 active homes in Smyrna Vinings compared to 771 in May.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a big increase in condo listings last month, there was a 2% increase this month. The Smyrna Vinings condo and townhome market, increased by 9 units over last month, with a total of 466 units now on the market compared to 457 in May. Much like the home market, condo and townhome months of inventory has increased to 15.49 months, which unfortunately does not bode well for those trying to sell their condos and townhomes. We’ve seen nearly a 3 month increase months of inventory in just two months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $200,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and bankin industry.

Also expect to see the inventory amounts continue to increase over the next few months as we continue through the peak listing season in Atlanta.

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.

Ready for the latest market stats, ready for the latest on the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

As expected, we saw a slight increase in inventories in the Smyrna Vinings market in homes, condos and townhomes. And as we go through Summer, we’re going to see inventories rise, but hopefully sales will improve as well, but don’t be surprised to see our months of inventory continu to increase as supply is well ahead of demand.

This past month in the Smyrna Vinings home market we saw a 2% increase in the number of active listings compared to last month and a worsening in the months of inventory to 12.16 months. We have 771 active homes in Smyrna Vinings compared to 753 in April.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a slight increase in condo listings last month, there was a 9% increase. The Smyrna Vinings condo and townhome market, increased by 36 units over last month, with a total of 457 units now on the market compared to 421 in April. Much like the home market, condo and townhome months of inventory has increased to 14.74 months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage and bankin industry.

Also expect to see the inventory amounts continue to increase over the next few months as we continue through the peak listing season in Atlanta.

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.

Canton Featured Home

Immaculate and well-maintained home in delightful swim/tennis community.

Desired open floor plan; largest in the community.

Priced to sell. Don’t miss out.

Neutral decor perfect for your new home.

Two story Great Room with fireplace.

Great fenced private backyard.

HOA includes front lawn maintenance.

This home is offered at $142,000.

To learn more about this Canton home, click on the Virtual Tour above, check out the property flyer or contact us directly. Click here to schedule a showing.

Exclusively marketed by:

Aaron Hofmann

Keller Williams Realty

770-653-9601

aaron@H2realty.com

H2realty.com

Kennesaw Featured Home

Wonderful family home on large private lot conveniently located in Kennesaw.

The owners have taken great care of the home and have added some nice touches making it Move-In Ready including tile flooring in the Kitchen and Powder Room, Pergo flooring in the Foyer and Dining Room, new door hardware and new carpet throughout.

The home features a great Bonus Room and Office upstairs, a Family Room with fireplace and a separate Dining Room.

And you’ll love the the large fenced backyard with your very own swimming pool.

As an added benefit, this home is zoned for the brand new Allatoona High School.

This home is offered at $168,000.

To learn more about this Kennesaw home, click on the Virtual Tour above, check out the property flyer or contact us directly. Click here to schedule a showing.

Exclusively marketed by:

Aaron Hofmann

Keller Williams Realty

770-653-9601

aaron@H2realty.com

H2realty.com

Sandy Springs Featured Home

This classic Sandy Springs home features five bedrooms, four full bathrooms and two half-bathrooms.

Top 10 Reasons to Buy this Home

1. Private wooded lot
2. Huge Home with tons of potential
3. Great floorplan with large rooms
4. You’ll love the front & rear stairs
5. Beautiful judges paneling & wetbar in Study
6. Office with separate entrance
7. Living Room with French Doors leading to deck
8. Large finished basement
9. Relax in the wonderful pool
10. The new city of Sandy Springs!
 

Bonus – Motivated Seller - priced $40,000 below appraisal!!! Priced at $479,000, it’s priced to sell quickly.

To learn more about this Sandy Springs home, click on the Virtual Tour above, check out the property flyer or contact us directly. Click here to schedule a showing.

Exclusively marketed by:

Aaron Hofmann

Keller Williams Realty

770-653-9601

aaron@H2realty.com

H2realty.com

So you’re ready for the latest market stats, ready for the latest on the Smyrna Vinings home market? In the table below, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

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.

As epxected, we saw an increase in inventories in the Smyrna Vinings market (due to normal cyclical activity) in homes, condos and townhomes. And as we go through Spring, we’re going to see inventories rise, but hopefully sales will improve as well.

This past month in the Smyrna Vinings home market we saw a 5% increase in the number of active listings compared to last month and a worsening in the months of inventory to 11.67 months. We have 753 active homes in Smyrna Vinings compared to 717 in March.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a decrease in condo listings last month, there was a 3% increase, which was largely expected. The Smyrna Vinings condo and townhome market, decreased by 4 units over last month, with a total of 421 units now on the market compared to 409 in March. Much like the home market, condo and townhome months of inventory has increased to 12.89 months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage industry.

Also expect to see the inventory amounts start to increase as we begin the peak listing season in Atlanta. And of course, we are all anxiously awaiting spring in Atlanta to see if the homebuyers are ready to jump on all of these deals.

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.

Taste of Marietta

The 15th annual Taste of Marietta will be held on Sunday, April 27th from 11am - 7pm. The festival is held on the historic Marietta Square and will feature over 50 restaurants with their tastiest treats.

 There will be fun & game at the Kids’ Alley, live entertainment on four stages, a car show, and a sunset concert with Banks and Shane!

Welcome back. Ready for the latest on the Smyrna Vinings home market? In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

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.

In what is probably last month of little to no increase in inventories in the Smyrna Vinings market (due to normal cyclical activity), homes, condo and townhome inventory actually decreased. And as we start to push into the Spring, we’re going to see inventories rise, but hopefully sales will improve as well.

This past month in the Smyrna Vinings home market we saw a negligible decrease in the number of active listings compared to last month and a worsening in the months of inventory to 11.09 months. We have 717 active homes in Smyrna Vinings compared to 718 in February.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Park, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a decrease in condo listings last month, there was a small  1% decrease, which was largely expected. The Smyrna Vinings condo and townhome market, decreased by 4 units over last month, with a total of 409 units now on the market compared to 413 in February. Much like the home market, condo and townhome months of inventory has increased to 12.43 months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage industry.

Also expect to see the inventory amounts start to increase as we begin the peak listing season in Atlanta. And of course, we are all anxiously awaiting spring in Atlanta to see if the homebuyers are ready to jump on all of these deals.

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.

So you’ve come back again to see how Smyrna Vinings home market is doing? In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

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.

As I mentioned last month, much of the statistical improvement was due to the normal cyclical reduction versus an actual improvement trend in the Smyrna Vinings market. And as we start to push into the Spring, we’re going to see inventories rise, but hopefully sales will improve as well.

This past month in the Smyrna Vinings home market we saw a 4% increase in the number of active listings compared to last month and a slight worsening in the months of inventory to 10.36 months. We have 718 active homes in Smyrna Vinings compared to 690 in January.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result.

Incentives include anything from price reductions, to free upgrades, free cars, finished basement, etc. All as a way to motivate the buyers sitting on the fence and a little gun-shy to pull the trigger and buy their new Smyrna Vinings home. 

New construction in this price point include Cottage Garden, Walker Street Manor, Morris Commons, Sherwood Forest, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a decrease in condo listings last month, there was a 6% increase, which was largely expected. The Smyrna Vinings condo and townhome market, increased by 22 units over last month, with a total of 413 units now on the market compared to 391 in January. Much like the home market, condo and townhome months of inventory has increased to 12.30 months.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage industry. Also expect to see the inventory amounts continue to decrease at least through January. And of course, we are all anxiously awaiting spring in Atlanta to see if the homebuyers are ready to jump on all of these deals.

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.

Smyrna Vinings Home Market Update

What’s the latest in the Smyrna Vinings home market? In the table above, we have shown by zip code for both single family homes and condos the amount of homes currently active and resulting months of inventory.

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.

I know for all those trying to sell their home or thinking about selling, you may get excited when you see the improved numbers, but I do believe this is more of a cyclical reduction versus an actual improvement trend in the Smyrna Vinings market.

This past month in the Smyrna Vinings home market we saw no change in the number of active listings compared to last month and a slight improvement in the months of inventory to 9.87 months. We still have 690 active homes in Smyrna Vinings compared to 690 in December.

As noted previously, 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. We’re starting to see many of these builders reduce price and increase incentives as a result. New construction in this price point include Morris Commons, Sherwood Forest, Brookside Park, The Cottages at Market Village, West Haven, Cottages at Lois Pointe, Woodbridge Crossing, Medlin Place, Vinings Estates, Stonehaven at Vinings, Stonecrest Manor, The Estates at Ellis Wade, Kensington Green, West Village, Spring Street Village, Rileys Walk, Walker Street Cottages, Collier Place, Concord Lake Village, Cottages at Parkview Village, Barnes Mill, Collins Lake Estate and Wakefield Estates.

After a decrease in condo listings last month, there was another decrease, but don’t get too excited. The Smyrna Vinings condo and townhome market, decreased by 17 units over last month, with a total of 391 units now on the market compared to 408 in December. Much like the home market, condo and townhome months of inventory has decreased further to 11.42 months.

Now let’s put some perspective on these numbers, first of all we’re looking for 6 months of inventory to be equally balanced between a buyer’s and a seller’s market. The reductions are largely cyclical. November, December and January typically show these sorts of reductions. In comparison to January 2007, we have a 26% increase in the amount of active homes listed in Smyrna Vinings and we’ve experienced a 41% increase in the months of inventory. On the Smyrna Vinings townhome and condo front, compared to last year, we have had a 16% increase in the amount of inventory and a 13% increase in months of inventory. Frankly, it’s amazing how quickly this market has deteriorated.

What to look for? As I continue to reiterate, the market, while overall doesn’t look that healthy, does have numerous patches of very healthy and vibrant segments. In fact, under $400,000 in homes and under $300,000 in condos and townhomes continue to lead the local market in health.

However, now more than ever, it’s imperative that your home is positioned properly in the marketplace. If you have any questions on how best to do that, don’t hesitate to contact us. The fallout from the liquidity crunch on the mortgage industry is still of effect. In fact, don’t be surprised to see further fallout in the mortgage industry. Also expect to see the inventory amounts continue to decrease at least through January. And of course, we are all anxiously awaiting spring in Atlanta to see if the homebuyers are ready to jump on all of these deals.

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.