Vinings Real Estate is on the Rise
Posted by Brian Sims on Thursday, May 13th, 2010 at 4:44pm.Home sales are up in Vinings! After several years of negative numbers, the market is finally turning around and Vinings is no exception. In fact, Vinings has historically held its value better than many other neighborhoods, so this is especially good news to see the numbers are not just flat, but actually rising again.
For those of you who like numbers, here are the details. For the January to March period from 2008 to 2009, single family home sales were down 73% while town homes and condos were down 35%. For the same period in 2010, single family home sales are up 100% while town homes and condos are up 68%. That's a tremendous increase in volume!
Prices are a little slower to turn around and the numbers are mixed but the market is definitely moving. As sales volume picks up, supply goes down and demand goes up. Remember Economics 101? Single family prices are actually still down about 17% this year, but remember the 100% increase in volume. The pendulum will swing. After being down 19% and 16% from January to March for the past two years, Vinings condo prices are now up 9% to get 2010 off to a strong start.
It's going to be a busy summer for Vinings Real Estate and we would love to help you find a great deal. Whether buying or selling, please feel free to contact us at the Hirsh Real Estate Specialists. It would be a pleasure to work with you.
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