What’s new 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, this is the last thing you’ll want to hear, but the market continues to worsen in both single family homes and townhomes and condos in the Smyrna Vinings market.

This past month in the Smyrna Vinings home market we’ve seen another 4% increase in active listings compared to last month which now brings the months of inventory to 10.04 months. We now have 747 active homes in Smyrna Vinings compared to 716 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. New construction in this price point include Woodbridge Crossing, Medlin Place, 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.

After a pretty nasty increase in condo listings last month, it continued to worsen. The Smyrna Vinings condo and townhome market increased an additional 5% over last month, with a total of 434 units now on the market compared to 412 in May. This now puts the condo and townhome months of inventory up to 13.22 months. That’s right, now over an entire year worth of inventory.

What to look for? I keep telling you that we’re going to see the uptick in inventory and sure enough, it keeps going up along with months of inventory ratio. We will monitoring this closely over the next couple months. 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 hesistate to contact us.

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.

Adjacent to Avignon at Vinings and the Aberdeen and within walking distance to the Vinings Village, Vinings Main will be a mixed-use development featuring condominiums ranging from the $200s to the $600s and townhomes priced from the $600s to $1.2 million with some retail and office space.

Vinings Main, Avignon and Aberdeen projects are underway, so stay tuned for more information as the developments progress. 

Waterford Homes are developing Avignon at Vinings, located off of Paces Ferry within walking distance to the Vinings Village. The 17.8 acre gated community will feature 25 single family homes starting in the $900’s, 85 townhomes from the $700’s and 60 condominiums starting in the $500’s.

The development is currently being cleared, so keep your eyes open as you go through the Vinings to see the progress. For further questions on Avignon at Vinings, don’t hesitate to contact us.