Archive for category Vinings
Generally, Vinings is its own unique market. Our sales in September remained the same as a year ago and down 44% from last month, while inventories went up slightly. Days on Market went way down. I believe is because many buyers are patiently waiting for the right house to pop up, and when it does, they grab it. If you don’t get your buyer in the first couple of weeks, it may be on market a while as the inventory has remained somewhat stable or slightly higher in Vinings. We don’t seem to have the shortage of supply that Buckhead has, but our area is so much smaller that the right house at the right price can be hard to find.
And on to the Buckhead market: We didn’t see a big change from September to October, but year to year the news is still good. Days on Market is down 31% from last year and available listings are down 28%. Compared to the previous month, sales in September were down, but can be expected at this time of year. We are seeing the return of the trade-up buyer. Confidence in their ability to sell their current home is again allowing buyers to take that step to a bigger home. This is a change in the “downsizing” trend we saw while the economy was down. There is still a 4 year Inventory over $2M, so that market is still slow, but the $1M-$2M market is better than it has been.
Even though my blog is titled Real Vinings Buckhead, I’ve decided to add information on Smyrna as well. I’ve sold so many homes there recently and currently have several available listings there. It’s always interesting to me how different all three of these markets are. Buckhead, by definition, is a much larger geographic area and has many more high priced homes. Because of this, its numbers are highly affected by the luxury homes market and the more “average” homes – which happen to range around $600,000 – still fly off the market. In Vinings (30339,) the homes average closer to the $500,000 range with two lots selling at that price in the past month as well. Existing inventory is primarily the original 1960’s homes (both original and remodeled) and newer construction that ranges well over $1M.
The Smyrna market, on the other hand, was much more affordable with the average over the past year being around $300,000. This year we are seeing the higher priced homes in Smyrna coming back on the market and selling. Because of this, the affordably priced homes are eaten up and the higher priced homes are driving the price point up causing a drop in the volume of transactions. I’ve seen homes in the $500,000 range get snatched up over the past few months, where a year ago I could count on one hand the number of homes in Smyrna that sold over $500,000. I should add that these reports are for 30080 Smyrna, and not Mableton per se. The statistics back me up with the sales in Smyrna being down 14% year over year and down 26% month to month. As always, please contact me with any questions you have about buying or selling your home.
Knowing what is going on in the real estate market is just as important when selling your home as it is when you are buying. One of the great features that has come with joining Prudential is a monthly market update that is quick and concise. Below, I’ve included links to the Buckhead and Vinings September updates.
What you’ll notice in the Buckhead data is the dramatic fall off of sales in August. Normally, I would think this drop is related to back to school, but this year the decrease was more dramatic than in years past.
Vinings was more stable from July to August. I believe the uptick in sales prices is related to the Jumbo rates being lower than conventional financing right now. In both markets you’ll see that inventory is down dramatically.
If you are interested, I’m happy to pull YTD data for you as well. As always, if you’re thinking about selling, give me a call so I can help you analyze the value of your home.
Come one, come all to the Second Annual Vinings Restaurant Week from Oct 5th-13th.
If you already call Vinings home, live just across the river in Buckhead or over the RR tracks in Smyrna, you are probably looking forward to another great restaurant week. Besides the fact that these are all great restaurants (we’ve tried all of them!), eating locally gives us a chance to run into friends and neighbors while we are out. We will make it a point to visit as many of these restaurants as we can.
Each place will offer fixed price menus – $15, $25 and $30.
These are just a few of the eighteen neighborhood restaurants participating in Restaurant Week! With so many great places to choose from, you’ll find something to suit anyone’s taste including dessert and breakfast/brunch/lunch for you early birds.
If you’ve found this link because you are searching for a Vinings home, this is a perfect opportunity to see what the area has to offer. Grab a friend or come out and make a friend. We looking forward to seeing you there!
For you locals – which of these restaurants is a must-visit? If these places are new to you, which one are you most looking forward to trying?
It didn’t take too much time (well, it was almost immediately after listing it in FMLS), that the townhome I posted about earlier, located at 2858 Paces Lookout Lane SE, Atlanta, GA 30339, went under contract. This beautiful home with multiple outdoor living spaces closes in August.
We are looking forward to a smooth real estate transaction in Atlanta’s vibrant real estate market. The 2013 Atlanta real estate market has been especially exciting. Now is a great time to buy a home, and many sellers are finally seeing reasonable offers with relatively quick closing dates.
Please let me know if you’re even thinking about buying or selling your Atlanta area home! While you hear me talking about Buckhead and Vinings real estate all the time, I have lots of experience throughout metro Atlanta including Sandy Springs, Smyrna, “Smynings”, Ansley Park, and Midtown.
End Townhome UNDER CONTRACT in Vinings’ Paces View
2858 Paces Lookout Lane SE
Atlanta, GA 30339
Shows better than a model home, this 3,130 square foot townhome is in the middle of Vinings so you get the low Cobb County taxes with the Atlanta address!
There is so much quality in casement windows, Stoneage Design Fireplace surround, gourmet appliances, outdoor fireplace and three patios.
Since it’s an end unit, it has three sides of wonderful daylight. Master bedroom is upstairs with a great sitting area. Master bath has a morning bar with beverage cooler.
Terrace level is completely open, but could be closed up for a bedroom, full bath located there as well.
All hardwood on top 2 levels and carpet on terrace level. This is NOT a Wieland unit, this was built prior when development was Avignon.
Three bedrooms, three full and one half baths.
UNDER CONTRACT WITH A LIST PRICE OF $539,000
Prudential Georgia – Buckhead Office
Olde Vinings Registry – 4758 Rosebrook Place
Smyrna, GA 30080
Under contract with multiple offers in just one day!!
Three bedrooms, two and a half baths
So many changes and upgrades to this home, new master bath with heated floors and frameless shower doors. Kitchen has new GE Profile appliances, new carpet, freshly painted office niche and loft upstairs in addition to two bedrooms. Master on the main. Vaulted family room, large open formal dining room. One of the largest yards in the neighborhood!
Prudential Georgia – Buckhead Office
This property has been leased!
Master on the Main in Vinings
2681 Orchard Knob SE – Atlanta, GA 30339
Four Bedrooms, Three Full Baths, One Half Bath
Offered at $925,000
Master on the Main with wonderful living spaces and walk out to the level backyard with Pebble Tec salt water pool.
Beautiful kitchen with wine cooler and stainless appliances. Open to family room with fireplace and built in cabinets.
From family room you can go to Sunroom with a wall of windows overlooking lovely backyard.
Prudential Georgia – Buckhead Office
We’re doing the happy dance here at the office – I have my listing at 3849 Brandy Station SOLD! It’s a lovely French Provincial estate in Vinings. It was redesigned from top to bottom in 2007 by Linda McArthur and has over 7000 square feet of space.
2095 Cooper Lake Drive SE, Smyrna 30080
So much quality in this custom designed home by Norwood Architects.
High end appliances, detailed cabinetry and stone work throughout. Elevator access to all levels. Perfect for families with a sitting room off the bedrooms for family use. Great open public entertaining spaces suitable for large crowds. Three-car garage and guest suite on lower level and fabulous media room. Six bedrooms, five full baths, one half bath. Over 6,000 square feet.
Offered at $975,000 by Tina Hunsicker. Click here for more photos and information about this home for sale.