Posts Tagged homes for sale in vinings
From the wood moulded brick to the Grand Manor Shingle roof, there is so much quality in this elegant Traditional Vinings home. With 5 bedrooms up, a nanny suite on the terrace level with several family game rooms there as well, cul de sac location and a level front lawn, this home is perfect for a large family to move right in. Formal rooms are large and gracious and the kitchen opens to the family room. Decks line the back of the home and, though currently wooded, there is plenty of room for a play yard. It has a whole house generator, two car garage, and permanent stairs to the 4th level.
Overview: 5,440 sq. ft., 6 bedrooms, 4 full/ 2 half bathrooms. Schools: Teasley/ Campbell/ Campbell
List price: $1,325,000
View the full listing here on my website.
Please contact me for more information or to view this beautiful Vinings home.
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’s already January 8th and I’m finding a moment to reflect on what trends I saw in the Atlanta real estate market last year and what (in my humble personal opinion) will be happening in 2013 with our housing industry and more specifically in my market areas of expertise – Vinings, Buckhead and Smyrna.
As each area of Atlanta seems to have a different feel and velocity, I’ll approach the areas separately. I’ll provide the statistics to back up my opinions on another date as I post them frequently and they only tell one part of the story. I like to say what I see from a grass roots perspective. I know real estate management and even many other bloggers like to paint a rosy picture to get people to “buy” houses, I tend to be much more pragmatic and look at things with an analytical eye, as a homeowner and a mother as to what my clients are feeling and needing.
I’ve said this all year, but I believe even more so now. Inventory is low and if you want to sell it is a good time.
I do feel pricing in the Vinings real estate market is still above what many are expecting and I think quite a bit of the inventory will continue to sit unless its adjusted back to about 2000 levels. We were at 1998 levels, so this is good news.
Unfortunately, we still have many people pricing at 2005-2007 levels and it just isn’t going to work. Yes, Vinings has great county services, much lower tax levels, it’s a charming Village to live in etc., but pricing can’t be higher than its neighbor across the river in zip code 30327.
For the Vinings area, I have investors and builders engaged again. And although they don’t have spec home interest, there is a pent-up demand for new homes specifically for empty nesters wanting to get rid of the Buckhead taxes and their $3M and up homes. Families come to Vinings once they are in private school, but since private schools are eating up alot of their incomes, they tend to look for the more reasonably priced homes, or by Vinings standards, almost starter homes in the $500,000 and $600,000 ranges.
Back in the peak, many families with children in Atlanta’s private schools were buying the newer construction homes for $1.5M, but I’ve seen several families that were over extended go into foreclosure and I think recent purchasers have been much more prudent. (I have clients still waiting for the newer construction foreclosures, but I think that bus left the station.)
There will continue to be deals like in any market, but very rare and far between – and we are are seeing those get bid up when they come on low priced. I just recently found a fabulous deal and it never hit the market, and that’s what I predict will continue to happen with deals as they become increasingly rare.
I’m thrilled to say that the higher tier is finally coming back. I believe this demand is fueled primarily by bargain hunters and we won’t see the volume of $3M and up transactions that we used to.
There is definitely a building trend going on in Buckhead as older homes are not moving. People that are willing to spend the mulitple millions of dollars want something with high ceilings, open floor plan, basements for kids or storing stuff. I’d say almost 90% of the high end transactions are homes that show like “new” even if they aren’t new. They have to be in A+ condition to command the big bucks.
The properties with land, meaning over 2 acres, are tough to find as well. There is definitely a group of people in the under $2M category that are looking for something with land and will pay the higher taxes to have that lifestyle….but there just isn’t any inventory.
One of the ways I gage “demand” is the number of emails that circulate around my firm for people with buyers who can’t find anything that’s in the system. It used to be about once every couple of weeks we’d get a “buyer needs” email stating they’d looked at everything on the market and if you have anything that you haven’t listed yet to let them know. Now it seems like we receive one of these emails daily.
I also gauge the views online on my listings to see what to expect in showings and there was a sharp spike at the beginning of the year, so I know what’s coming around the corner – showings. Which leads to sales.
The price point that’s hot for Smyrna is lower than it historically was. Builders bought foreclosed lots at a deep discount and are putting up new homes in the $300,000 price point, so selling things over $500,000 is tough. When people start getting to the half million dollar price point they seem to have graduated to inside the perimeter. The exception to that rule are those that need more space or really want newer homes with higher ceilings. They’ll still pay over $500,000 to live in 30080.
I wish I could convince more empty nesters to consider the small step to OTP. They are very particular and choosy in their neighborhoods as they are afraid their Buckhead friends won’t visit them. So only a few neighborhoods remain acceptable to them.
I think we need more upscale neighborhoods just outside of the Perimeter and I propose it goes in the Vinings Heights neighborhood where all the ranches are as its SO close and there is still land there. Unfortunately, those ranches keep getting fluffed up and are becoming too expensive to tear down. Time will tell there as that neighborhood is such a great location to stay as depressed as its been. I think more young people would do well to tear those down, or continue to “fluff” to get the great lots just on the perimeter.
I see the lower inventory levels bringing prices up slightly, but I don’t think buyers will jump up in their price point as much as sellers are thinking. If you want to sell it will be easy if priced correctly. If you want to buy, you may have to pay a little more than people did a year ago, but we are still at good low levels. Interest rates are still so incredibly low you have to take advantage of them if you’ve been sitting on the sidelines.
Let me know if I can help! Things are hopping in Atlanta and I’m so glad to be busy, and you never know, I may have a buyer in my back pocket just waiting for your house!
Prudential Georgia – Buckhead Office
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.
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|
|6||San Jose, Calif.||-40.80%|
|7||Tampa-St. Petersburg-Clearwater, Fla.||-39.76%|
This home now has the status of SOLD.
The perfect private setting in Vinings is further enhanced by a new kitchen and roof, and updates throughout this Cape Cod. Located at 3225 Laramie Drive in Atlanta, this home for sale has four bedrooms and three and a half baths. There’s a full basement and two-car garage in this home that is oh so close to Vinings Village.
Offered at $499,000 and listed by Tina Hunsicker.
Ok, ok, I don’t want my Pittsburgh friends to get mad at me. This topic made me think while I was at the beach recently in New Jersey with a sorority sister from college. I had such a great time and so enjoyed seeing her, my brother, sister-in-law and their children that it makes you think about where you live and wish that you could see them more often.
Twenty years ago via a job opportunity I moved to Atlanta, sight unseen. I remember my first real estate agent. I think I drove her crazy looking all over the city. We settled on a rental on Moores Mill in Buckhead back in 1992. It was a great house – (no longer there, torn down a few years ago) with a pool and large back yard. I’ve always had a dog, so a yard was important to me.
The house on Moores Mill was less expensive than my townhome in Washington D.C., where I had moved from. …a townhome was about all I could afford there. The housing values were definitely different in Atlanta and still are!
I would say the first two years were quite an adjustment and then I spent so much time traveling for work that I didn’t really get involved in things locally as much. At first the thing I noticed in Atlanta was that people didn’t talk about national news here. Maybe it was the circles I was traveling in at the time, but it was a big change for me coming from working across the street from the White House.
As my year-long rental came to close, my agent helped me find new construction on Log Cabin (in the neighborhood Chapel Hill of Vinings), and that was the first place that really started to feel like home. We had neighborly Friday drop-bys, neighborhood holiday parties, and actually a group of us went on a ski trip together. I’m still in contact with many of the group from Chapel Hill of Vinings.
As a matter of fact, it was the movement of this group of people from our “starter homes” to the bigger lots across the railroad tracks into Vinings that got me wanting to make the move as well.
So in 1998, I bought the lot/house that I now call home in Vinings. I’ve been building and remodeling since it seems, with the last major work being done in 2005 – landscaping and an addition of a pool. I think I’m “done” now, but being in the real estate business has taught me that you are never “done” with your home. The updates keep changing and of course there is always maintenance that I keep up with monthly through the help of a great handyman.
Now almost twenty years later from that first move to the South, our Vinings home is truly our home. This is the only home my little boy has really known and the sidewalks, Vinings Village, the walking ability and the amount of long-time owners here makes the four square miles known as Vinings very unique.
I think many of the young families moving to Vinings now grew up here and have always considered it home and have finally reached the point where they can afford to step up to the bigger house as I did 13 years ago. And I have a funny feeling that – God willing – we’ll be here another 13 years in the same house…
Click here to see homes for sale in Vinings.
Prudential Georgia – Buckhead Office