Posts Tagged vinings real estate

Homes sold in Vinings (30339) in 2011

Below is a chart featuring homes that sold in Vinings (Atlanta, GA) in zip code 30339 for 2011.

In Vinings last year almost 30% of the sales were bank owned or estate sales.

This trend continued to push the average sales prices of homes in Vinings down.

Vinings
Address in Zip Code 30339
SOLD Price Date Type
3173 Laramie Drive $150,000 2/16/11 Estate
4275 Lansdowne Drive $172,500 7/8/11 Bank Owned
4500 Rebel Valley View $312,000 4/7/11 Bank Owned
3360 Ridge Point $349,900 7/28/11 Bank Owned
3680 Tanglewood Drive $380,000 3/18/11
4251 Brookview $460,000 3/24/11
3217 Teton Drive $471,500 9/9/11
3324 Cochise $495,000 5/6/11
3026 Farmington $502,000 4/13/11
3333 Cochise $528,000 11/17/11
3356 Cochise $550,000 3/15/11
4129 Brookview $575,000 8/15/11
3237 Cochise $575,000 5/9/11
3642 Cochise $600,000 12/16/11
3221 Circle Oaks $669,000 Not Listed
4323 Orchard Valley $675,000 11/28/11 Estate
3580 Grove Gate $725,000 2/25/11
2861 Bakers Farm $800,000 6/17/11
2887 Knob Hill Drive $866,531 4/25/11   Short Sale
2889 Bakers Farm $873,000 4/18/11
4735 Polo Lane $900,000 6/13/11 Bank Owned
3030 Loridan Way $950,000 11/21/11 Bank Owned
3589 Grove
Gate
$950,000 2/10/11
4739 Polo Lane $1,260,000 1/27/11 Bank Owned
2787 Lansdowne Lane $1,350,000 4/7/11 Bank Owned
3025 Bakers Meadow $1,750,000 1/4/11

I do see activity picking up and while I expect the volume of transactions to increase, I do not foresee home sales prices increasing for 2012.

There is a demand for properties right now, so if you have the stomach for the new prices ranges it is possible there is a buyer out there!  Click here to see the homes for sale in Vinings currently.

I’ll compile the Buckhead 30327 soon!

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Yankee By Birth, Southerner By Choice

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.

The railroad tracks that run through Vinings, a unique four-square mile area in metro Atlanta, that I call home.

The railroad tracks that run through Vinings, a unique four-square mile area in metro Atlanta, that I call home.

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.

Vinings Village, an exceptional shopping resource in Vinings.

Vinings Village, an exceptional shopping resource in Vinings.

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.

Tina Hunsicker

Prudential Georgia – Buckhead Office

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Vinings real estate homes sold and for sale (inventory as of July 2011)

I’m posting data today on two of the many residential real estate areas in Atlanta that I follow.  I follow many more, however the target area for this blog is 30327 and 30339.  I’m glad to post additional zip codes on request and can narrow the pricing criteria to show traffic in a more specific market.
You can read national press and even Atlanta press and real estate is LOCAL, so by looking a the specific data for an area and a price range you can get the true picture.  This chart is for Atlanta zip code 30339 which is inside the perimeter, and is called Vinings.

What it shows to me is the inventory is really not moving.  National news talked about stimulus last year and how it helped real estate for a short time.  The stimulus was geared toward first time homeowners and with the average sales prices in Vinings and Buckhead zip codes 30339 and 30327 areas being well above first-time homeowner price points, there was little impact from that program.

Inventory has dipped slightly in Vinings but sales are still down about 1/2 of what they were even in 2010.  Something to consider about seeing decreased sales is that it may mean we’ll still see prices dropping in the Vinings area until we get a balance of inventory and sales.  A healthy market is up to 18 months of inventory; currently in Vinings, we have over two years of standing inventory.

 

 

Data source: Trendgraphix. *All reports are published July 2011, based on data available at the end of June 2011. All reports presented are based on data supplied by FMLS. FMLS does not guarantee or is not in anyway responsible for its accuracy. Data maintained by FMLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

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