Wondering what is going on in the Smyrna Vinings townhome and condo market? We're back to cover the latest sales activity for December. First off, lets get started with the Smyrna Vinings condo sales figures for December.
As you can see, we've been tracking the market for quite some time. We sell a lot of Smyrna Vinings homes, condos and townhomes and one of the major reasons is that we specialize in the area, know the inventory of homes for sale and understand the trends, statistics and all the local pertinent information necessary for you to make an informed decision.
As you'll notice, the green bar is 2007 and we were selling a fair amount more condos and townhomes in 2007. Sales dropped continuously in 2008, while 2009 stabilized and picked up in the fourth quarter largely due to the first-time home buyer tax credit.
Finally, in 2010, we've seen continuing improvement and are right on par with 2008 levels in October. One thing that is interesting in the condo and townhome market is that you don't see as much cyclicality during the year like you expect in the single family home market.
One other point to note with the townhome and condo market is that while they've been hit harder by short sales and foreclosures, they've also recovered quicker in sales than the single family home market.
This can be attributed to first-time home buyers finding these properties to be more affordable and a nice way to transition into the world of home ownership. One other interesting point to note is that despite the sales figures being all over the place in the last three years, the December figures for all three years have been identical.
Click here for the full report on Smyrna Vinings condo and townhomes market in December.
Don't hesitate to contact us if we can help you sell your Smyrna Vinings condo or townhome or find your new Smyrna Vinings townhome or condo.
And don't forget that we offer the most extensive Smyrna Vinings condo and townhome search in the area.
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