Posts Tagged 30339

Vinings (30339) real estate market update: June 2012

Interesting data again about what we’re seeing in the Vinings real estate market – the area of Atlanta in zip code 30339.

Inventory is down with sales on the rise, across all price points! At the $300,000 price point this reflects what I have personally seen in the market and continues the trend from last November. The higher price point in Vinings is finally having steady sales after next to nothing in 2011.  These statistics look more dramatic due to the low volume, but it is positive news!

 

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Vinings, Georgia – Zip Code 30339
Price Point – $300,000 and up

Vinings Number of Homes For Sale vs. Sold (Apr. 2011 - Jun. 2012) from $300,000 and up

Number of Homes For Sale vs. Sold (Apr. 2011 – Jun. 2012)

Vinings, Georgia – Zip Code 30339
Price Point – $800,000 and up

Vinings Number of Homes For Sale vs. Sold (Apr. 2011 - Jun. 2012) from $800,000 and up

 

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Inventory Down, Prices Rising in Atlanta

Can I hear a big woo hoo from everyone out there.  This is something I’ve felt since last October and recently in competitive bidding on properties.  I’m thrilled that it shows that prices are coming up.  The appraisals have been lagging slightly, but we are making the transactions happen.  Super low interest rates and the bottom is behind us.  If you haven’t made the move yet, you’re missing out!  Lump California together and we’re actually number 4 in low inventory.  Prices were down so low and many people have chosen not to sell at those prices.  Now that pricing is coming back slightly it may be time to go on the market!  Let me know if I can help!

Top 10 metros for shrinking inventory

Realtor.com data shows 20 percent annual decline in US listings in May

By Inman News, Wednesday, June 13, 2012.

Inman News®

<a href="http://www.shutterstock.com/pic.mhtml?id=28006487">Supply and demand</a> image via Shutterstock.Supply and demand image via Shutterstock.

Editor’s note: Data collected and analyzed by Realtor.com through  May 2012. Includes single-family homes, condos, townhomes and co-ops.

The national housing market continues to stabilize, according to data compiled by Realtor.com for 146 U.S. metros through May 2012.

May continued April’s year-over-year upswing, with for-sale inventory dropping 20.07 percent, median list prices jumping 3.17 percent to $194,900, and median age of for-sale inventory falling 9.78 percent compared to a year ago.

Data Point Percent Change, May 2012 vs. May 2011
Number of Listings -20.07%
Median List Price 3.17%
Median Age of Inventory -9.78%

As of May, national for-sale inventory stood at 1.88 million units, roughly 60 percent of a September 2007 inventory peak of 3.1 million units (2007 was the first year Realtor.com tracked this data nationally).

Despite a slight 1.96 percent month-over-month increase in national inventory — expected because listings usually swell during the springtime buying season — all but two of the 146 metros Realtor.com tracks had fewer homes for sale than a year ago.

Some of those markets hit hardest in the housing crisis — Atlanta and metros in Florida, Arizona and California — are showing some consistent, month-by-month turnaround. In May, Phoenix, Tampa-St. Petersburg, Fla., and Atlanta were among the top 10 metros Realtor.com tracks with year-over-year percentage drops in for-sale inventory.

This month, six of the metros in the top 10 that saw the greatest reduction in inventories from a year ago were in California, including three in the San Francisco Bay Area: Oakland at No. 1 (56.6 percent fewer listings than a year ago); San Jose at No. 6 (40.88 percent fewer listings); and San Francisco at No. 10 (38.9 percent fewer listings).

Top 10 metros for greatest year-over-year reduction in for-sale inventory, May 2012

Rank Metro For-sale inventory, percent change, May 2012 vs. May 2011
1 Oakland, Calif. -56.60%
2 Fresno, Calif. -48.76%
3 Bakersfield, Calif. -48.59%
4 Phoenix-Mesa, Ariz. -44.71%
5 Seattle-Bellevue-Everett, Wash. -42.65%
6 San Jose, Calif. -40.80%
7 Tampa-St. Petersburg-Clearwater, Fla. -39.76%
8 Stockton-Lodi, Calif. -39.25%
9 Atlanta -39.19%
10 San Francisco -38.90%

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Vinings (30339) real estate market update: February 2012

Interesting data again about what we’re seeing in the Vinings real estate market – the area of Atlanta in zip code 30339.

Inventory is decreasing, but it appears the demand for homes in Vinings is towards the lower end and the inventory is towards the higher end.

Based on what is under contract currently we may see this trend change in the next month but at least we’re seeing a continued decrease in inventory.

Click here to see what homes are for sale in Vinings, 30339.

Number of Homes For Sale vs. Sold (Nov. 2010 – Jan. 2012)

Vinings, Georgia – Zip Code 30339

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Average Price per SQFT (Nov. 2010 – Jan. 2012)

Vinings, Georgia – Zip Code 30339

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Average Price of For Sale and Sold (Nov. 2010 – Jan. 2012)

Vinings, Georgia – Zip Code 30339

Vinings_GA_30339_Sales_price_vs_list_price_2012

Months of Inventory Based on Closed Sales (Nov. 2010 – Jan. 2012)

Vinings, Georgia – Zip Code 30339

Months_of_inventory_Vinings_Real_estate_2012

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