Smyrna GA Real Estate Market Report | 3Q 2016
Smyrna GA Real Estate Market Report
3Q 2016 (July-Sept)
The Smyrna real estate market is HOT, whether you are in the 30080 or 30082 zip code, your home values are definitely on the rise! Read the full Smyrna GA Real Estate Market Update below….
3Q 2016 Smyrna GA Real Estate Market Overview
30080 and 30082 HOME SALES
A total of 256 single-family homes sold in Smyrna last quarter, which is just slightly down from the same time last year when 273 homes sold.
There are currently 230 Smyrna homes for sale, so inventory levels are still quite low. If no other homes were listed, the current inventory would be gone in less than 3 months. A balanced real estate market (i.e. not a buyer or seller’s market) typically has 6 months of inventory. Right now, it is a very strong Seller’s market in Smyrna – especially for homes under $750K. If you are thinking of selling your home, we would highly recommend taking advantage of this market and listing your home within the next 6 to 9 months!
HOME PRICES IN SMYRNA
The average sales price this quarter was $340,524. That’s $43,000 HIGHER (14.8%) from the same time last year — impressive!
- The median home sales price in Smyrna was $345,000
- Homes ranged in price from $50,000 all the way up to $1,187,500
- Almost 30% of the Smyrna homes sold were under $250,000, so this community is still a very affordable option for many home buyers
ARE BUYERS STILL PAYING CLOSE TO ASKING PRICE?
Very much so! Single family homes sold at 98% of the asking price, on average. This simply means that home buyers negotiated about 2.0% off the asking price.
Last quarter, 26% sold at or over the asking price. This is right on par with the same time last year.
HOW FAST ARE SMYRNA HOMES SELLING?
The time it takes to sell a home in Smyrna, Georgia is only 40 days on average, but 36% of the houses sold in less than 2 weeks.
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QUICK TIP: If you are thinking about selling your home, please keep in mind that it should sell in less than 2 weeks at a price that’s very close to your asking price… but only if you price your home at fair market value, make it easy for buyers to tour and a little staging never hurts! We highly recommend that you speak with at least 2 to 3 real estate agents in order to get an accurate assessment of your home’s current value.
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Have questions about this market trends report?
Call us anytime at 404-432-1844.
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Most Expensive Homes Sold in Smyrna GA
07/01/2016 – 09/30/2016 :: See all the current Smyrna real estate listings
| ADDRESS | SUBDIVISION | BEDS | BATHS | LIST PRICE | SOLD PRICE | DOM | |
| 1001 | Carriage Lane | Cash Farms | 8 | 7.5 | $1,550,000 | $1,187,500 | 299 |
| 1370 | Stonegate Lane | Stonegate | 6 | 5 | $875,000 | $815,000 | 132 |
| 4220 | Maner St | Gilmore Heights | 5 | 4.5 | $749,900 | $790,000 | 364 |
| 445 | Willowbrook Dr | Dan Bowles | 5 | 4.5 | $825,000 | $735,000 | 98 |
| 4026 | Pineridge Rd | None | 4 | 5.5 | $850,000 | $732,000 | 112 |
| 3424 | Lee St | Forest Hills | 5 | 4 | $700,000 | $700,000 | 1 |
| 2204 | Iron Gate Dr | Gates At Vinings | 4 | 4.5 | $699,000 | $682,500 | 184 |
| 3369 | Stetson Overlook | Highpointe at Vinings | 5 | 4 | $634,050 | $670,000 | 264 |
| 3421 | Paces Ferry Cir | 2000 Paces Ferry | 4 | 5.5 | $709,900 | $650,000 | 87 |
| 1556 | Gaylor Dr | Ellis Wade | 4 | 3.5 | $649,900 | $649,900 | 3 |
| 659 | Creswell Park | Fontaine at Cooper Lake | 5 | 4 | $640,986 | $640,986 | 0 |
| 2465 | Ellard Terr | Highpointe at Vinings | 5 | 4 | $640,605 | $630,000 | 292 |
| 2119 | Jarrod Place | Vinings Glen | 4 | 4.5 | $619,900 | $615,000 | 9 |
| 2258 | Vinings Cove | Vinings Close | 5 | 4.5 | $625,000 | $585,000 | 46 |
| 3320 | Stetson Overlook | Highpointe at Vinings | 5 | 4 | $582,665 | $584,000 | 159 |
| 504 | Tackett Farms Rd | Tackett Farms | 5 | 5 | $537,695 | $567,614 | 3 |
| 400 | Downfield Way | Park Place | 5 | 4 | $555,544 | $558,961 | 117 |
| 2872 | Bernard Way | Spring Street Village | 4 | 4.5 | $550,000 | $550,000 | 50 |
| 2600 | Highland Ave | Rileys Walk | 6 | 5 | $549,000 | $549,000 | 4 |
| 425 | Downfield Way | Park Place | 5 | 4 | $521,615 | $547,811 | 234 |
| 512 | Tackett Farms Rd | Tackett Farms | 5 | 4 | $497,310 | $537,613 | 120 |
| 1131 | Vinings Grove Way | Vinings Grove | 6 | 5.5 | $570,000 | $537,000 | 36 |
| 3509 | Ivy Manor Rd | Oak Ridge Estates | 5 | 5 | $565,000 | $535,000 | 30 |
| 4200 | Ridgehurst Dr | Vinings Glen | 5 | 4.5 | $565,000 | $530,000 | 105 |
| 3778 | Wakefield Hall Sq | Wakefield Estates | 5 | 4 | $537,000 | $530,000 | 4 |
All Smyrna GA real estate data was extracted from the Atlanta FMLS on 10/21/2016 and interpreted by Kerry Lucasse with eXp Realty. For more information about recent home sales or to get a complete list emailed to you with property details and photos, please call Kerry at 404-432-1844 and she’s be happy to send you a copy.
JUST LISTED HOMES IN SMYRNA
View ALL the Smyrna homes for sale
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