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February 16th, 2007
Here’s the latest update 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.
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.
Beyond this, while there are variances within each zip code, the inventory amounts for other price points for the Smyrna Vinings home market actually indicates a fairly healthy housing market. Of interest, we’ve seen a slight uptick in the months of inventory in the single family homes over last month. It has increased from 7.02 last month to 7.20 in February. For single family homes, we’ve had a slight increase in active listings from last months update to 578 active homes from 546, while there continues to be no real change in the active condo listings with 301 active condos on the market versus 304 in January.
What to look for? In the coming months, we should see the inventory increase slightly, but you should also expect to see an improvement in months of inventory as we are coming into prime selling season in Atlanta and the market fundamentals for the majority of price points in the Smyrna Vinings home market are fairly healthy.
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.
Posted in Smyrna Vinings Housing Market Update, Smyrna real estate, Vinings real estate | No Comments »
February 9th, 2007
In a letter to all those involved with the Smyrna Charter School this week, it was announced that the contract to purchase the land at the corner of Church Road and South Cobb Drive had fallen through. The school has begun looking at alternative solutions in order for the school to start up this fall. The letter follows:
We received some news this week which results in a need to resume the search for a property to house the Imagine International Academy of Smyrna. IIAS had been in longstanding negotiations with the Word of Faith church to purchase the land located at 3059 S. Cobb Drive in Smyrna. It was announced late this week that the church is no longer in a position to sell the property.
We were disappointed to learn of this turn of events, as IIAS had been planning on purchasing this property for quite some time. While the church’s decision is unexpected, we are moving forward in our search for a permanent home for IIAS and have identified several temporary locations for the school. We expect to make an announcement soon.
We will open on schedule in the Fall in a temporary home, while moving full steam ahead toward building our permanent school in a new location. We wanted to share the unexpected news with you, the Friends of IIAS, before the news media is notified Sunday evening, and to affirm our unwavering commitment to IIAS. Imagine Schools, the Founding Board of parents, and the Smyrna community are all dedicated to delivering a quality school of choice to Cobb County, and we will not be derailed by a change in location.
Posted in Smyrna charter school | 2 Comments »
February 9th, 2007
A very popular neighborhood, just a short stroll from the Market Village in Smyrna is Parkview Village. Parkview Village has been very successful and is almost sold out. The homes have the look and feel of homes found in the Virginia Highland area. The craftsman-style bungalows offer some great modern-day floorplans, but have the look of a classic neighborhood.
Enjoy all the amenities in the area including the Smyrna Village Green, the park, the Smyrna Public Library, the Smyrna Community Center and of course, all the shops and restaurants in the Smyrna Market Village. Parkview Village is built by Pritchard Brothers, who have been building quality homes around Smyrna for years.
Click here to see the current Parkview Village homes for sale.
Technorati Tags: Parkview Village, Smyrna real estate, Smyrna homes
Posted in Parkview Village, Smyrna Market Village, Smyrna homes for sale, Smyrna real estate | No Comments »
January 21st, 2007
Riley’s Walk is one of award winning builder Monte Hewett’s newest neighborhoods. The neighborhood of 26 Craftsman-style homes is located across Atlanta Road from Smyrna’s Market Village. A place where friends come to the back door, neighbors can visit from the front porch and children can play together in the neighborhood pocket park.Riley’s Walk features great features in their homes, including being Earthcraft certified. The neighborhood features a pocket park for the little ones to play in and is within walking distance to all the amenities around the Smyrna Market Village, Smyrna Village Green and Smyrna Community Center.
Monte Hewett’s homes are actually just a portion of Rileys Walk, with more homes dueto be built by other builders on the adjacent property. Stay tuned for more on the upcoming additions to Rileys Walk.
Currently, Monte Hewett has four homes of the 26 in total and currently have several homes in inventory, which they are being very aggressive on in pricing. It’s a great opportunity to buy a Monte Hewett home in a sought after and quickly changing area of Smyrna. With prices starting from the mid $500s, you can pick a home to move into right away or have one built for you.
Contact us for more information on Rileys Walk and all other Smyrna homes for sale in and around the Market Village.
Technorati Tags: Rileys Walk, Smyrna real estate, Smyrna homes
Posted in Rileys Walk, Smyrna Market Village, Smyrna homes for sale, Smyrna real estate | No Comments »
January 20th, 2007
Spring Street Village’s decorated home is opening today, Saturday, January 20, 2007. Located on Spring Street adjacent to a new Smyrna park and within walking distance of the Smyrna Market Village and the upcoming Jonquil Village, Spring Street Village is a small community of 25 elegant craftsman style homes. Built by John Willis, these homes offer all the latest appointments today’s homebuyer is looking for and is in a popular area. With two homes under contract and the model just opening, these are sure to be popular coming into the spring and summer buying season.
Homes are priced from the high $400s to the $600s. John Willis is currently offering some excellent financing incentives to homebuyers.
Contact us for more information on Spring Street Village and all other Smyrna homes for sale in and around the Market Village.
Technorati Tags: Spring Street Village, Smyrna homes for sale, Smyrna Market Village
Posted in Smyrna Market Village, Smyrna homes for sale, Smyrna real estate, Spring Street Village | No Comments »
January 19th, 2007
As I mentioned earlier this week, I wanted to provide some more information on all the new homes being built around the Smyrna Market Village. Walker Street Cottages is reshaping Walker Street, which is to the east of the Market Village. Walker Street Cottages is being built by Gallagher & Junger Fine Homes.
The homes, 14 in total, will be along both sides of Walker Street, within easy walking distance to the Smyrna park on Spring Street and to the Market Village, the Smyrna Community Center and the Smyrna Library and the Smyrna Village Green. The homes will all feature rear-entry garages, the majority with basements and will have a Southern Classical cottage look to them. Walker Street Cottages homes for sale will start in the $500s.
Contact us for more information on the Walker Street Cottages and all other Smyrna homes for sale in and around the Market Village.
Technorati Tags: Walker Street Cottages, Smyrna Market Village, Smyrna homes for sale
Posted in Smyrna homes for sale, Smyrna real estate, Walker Street Cottages | No Comments »
January 16th, 2007
This week I’m going to be covering all the latest new home projects around the Smyrna Market Village. Just a few years ago, no one was willing to build in this area. But slowly, builders have started to believe in the allure of all the Smyrna has to offer, particularly around the core of the Market Village.
While there are some small neighborhoods (25-50 homes) that are being built, you will continue to see a lot of smaller pockets and infill housing. There has been quite a bit of infill housing already built over the last few years as a builder would construct a row of houses on one street and another builder would accomplish the same feat on another street. The end result is that in just a couple years, all of the infill homes will be completed and you’ll be looking at one really large neighborhood.
Some of the projects that I’ll be covering this week will be:
Riley’s Walk
Spring Street Village
Walker Street Cottages
North Whitfield Reserve
Parkview Village
Other projects in the preliminary stages.
Stay tuned….
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 can work with you to sell your home quickly and get you the best deal possible on new construction in the metro Atlanta area. Call today to ensure you receive notification once PreSales begin. All tools and resources can be accessed at www.H2realty.com.
Posted in Smyrna Market Village, Smyrna homes for sale, Smyrna real estate | No Comments »
January 15th, 2007
The Atlanta Academy has announced the private school will be moving from their current location on Mount Vernon Highway in Sandy Springs to 200 Holcomb Woods Parkway. The new location is located just off of Holcomb Bridge Road with easy acces to GA-400. The new location will allow the school to expand and start offering pre-school classes and provide more classroom space for their lower and middle schools.
Renovations will be completed in time for the 2007-08 school year. The new location will allow the school to continue its small class sizes and innovative educational offerings. For additional information on the new facilities, contact the Atlanta Academy staff at http://www.atlantaacademy.com/Welcome.html. For application information, go to http://www.atlantaacademy.com/Admission.html.
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.
Posted in Roswell real estate, Sandy Springs real estate, The Atlanta Academy | No Comments »
January 15th, 2007
Smyrna’s charter school, the Imagine International Academy of Smyrna, has extended the application deadline until Tuesday, January 16, 2007 due to the Martin Luther King Jr. Holiday.
Word on the street is that a principal has been found, so stay tuned for the official announcement of the principal.
If the number of applicants exceed the student quota, a lottery will be held on February 10th.
Posted in Smyrna charter school, Smyrna real estate | 1 Comment »
January 15th, 2007
Here’s the latest update 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.
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.
Beyond this, while there are variances within each zip code, the inventory amounts for other price points for the Smyrna Vinings home market actually indicates a fairly healthy housing market. Of interest, we’re seeing a steady drop in the months of inventory in the single family homes over the last few months. It has dropped from 7.66 in November to 7.40 in December to 7.02 this month. For single family homes, we’ve had a slight drop in active listings from last months update to 546 active homes from 559, while there continues to be no change in the active condo listings with 304 active condos on the market versus 305 in December.
What to look for? In the coming months, we should see the inventory increase slightly, but you should also expect to see an improvement in months of inventory as we are coming into prime selling season in Atlanta and the market fundamentals for the majority of price points in the Smyrna Vinings home market are fairly healthy.
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.
Posted in Smyrna Vinings Housing Market Update, Smyrna condos for sale, Smyrna homes for sale, Smyrna real estate, Vinings condos for sale, Vinings homes for sale, Vinings real estate | No Comments »
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