Mableton Sales History for the Decade Ending 2019 Learn about notable Real Estate stats in this 10-year review of Mableton’s Home Market. After reviewing this report, you will see that our community is a great place to live, play, work and invest. Look at this report as a guide to understanding the nuances of Mableton neighborhoods and save as a keepsake of where we have been as a community and where we may head in the next decade to come.
Presented by Jackye Mumphrey, REALTORÂŽ Mableton Area Specialist TheRealEstateMaven.net 678.929.8330
Mableton by the numbers |
Sourced from FMLS.com
Single family and condo/townhomes combined
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019+
Units Sold
461
548
622
632
663
768
835
810
857
801
Volume
92m
89m 101m 131m 145m 183m 215m 212m 235m 221m
Avg Sold Price
202k
155k
157k
203k
214k
233k
251k
257k
270k
272k
Days on Market
79
97
86
57
58
50
44
42
36
37
Pending 2019
107 Sales
29 million
$275,330
If we add the current pending sales numbers to 2019 year-to-date for the remainder of the year, the totals will be 908 total sales at 250 million in volume and average sales price of $275,330 for the end of 2019. Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
End of the decade Mableton Stats Source FMLS.com
Total Units Sold 7,104 Volume in Sales traded 1.65 Billion Average Sales price over the decade $232,685 Average Days on Market over the decade 63
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
More End of the Decade Sales Stats
Popular floorplans in Mableton consist of: 4 bedroom 2.5 bathrooms Square footage 2,354 Two Story Two Car garage On Basement Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Highs and Lows of the Decade Lowest Home Sold in Mableton in the last decade $9,000 3 bed 2 bath 3,300 SQFT Days on Market – 1 Year Sold 2011
Highest Home Sold in Mableton in the last decade $1,463,500 6 bed 6.5 baths 8,755 SQFT Days on Market – 31 Year Sold 2015
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Biggest lot size sold 25 acres with a 3,304 SQFT on with lakes of Cooper Lake Rd. Sold for 725k
Smallest lots size sold 8 Homes are tied for the smallest lots at .10 of an acre. That is a 4,356 SQFT lot
More Mableton Stats The end of the decade 2019
Population in 2010 37,115 Population in 2019 39,788
15,201 Homes, Condo and Townhomes
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
1 bedroom homes 2,275 2 bedroom homes 1,506 3 bedroom homes 7,301 4 bedroom homes 3,336 5 bedroom homes 628
Bedroom Counts for Mableton Residents Provided by Remine.com
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
6 bedrooms+ homes 74 Total Residential Structures in 2019
15,201
The subdivisions on the next few slides are all located within the 30126 ZIP code that includes part of Smyrna in some stats. As Smyrna annexes into Mableton, the city names may change but the zip code will not. These counts are from addresses that are deliverable according to USPS.
Most Popular Neighborhoods in Mableton - 2019 Provided by RSPPro.com
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Top 10 Subdivisions by number of housing units built in 30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
#1 Vinings Estates – Over 900 Units including all sections within the neighborhood plus those that face the main community on Cooper Lake and Pebblebrook Roads
This is the largest subdivision in South Cobb County
423 Providence including townhomes and single family 306 The Retreat at Old Vinings Lake
Top 10 Subdivisions by number of housing units built in 30126
274 Vinings Vintage 245 Vinings Cove
235 Maple Valley 234 Clay Manor
180 Johnsons Crossing 179 Gordon Woods
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Best Selling Subdivisions in 30126 based on turnover rates year-to-year
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
5.9% Vinings Estates 16% Parkview Commons 11.6% Providence 9.4% Vinings Cove
6.6% The Retreat at Old Vinings Lake
Most Expensive Subdivision in 30126
#1
Most Expensive is Buckland Oaks Subdivision with just 11 homesites $1.275 million is the average sales price Average days on market 250
Built by Historic Designs Located off Buckner Road
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Most Expensive Subdivisions in 30126
#2 Registry Oaks 14 Homesites
$835,000 Average sales price Average Days on Market over the past decade 124 Built by First Choice Builders Located off Buckner Road
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Most Expensive Homes in 30126
#3 Vinings Estates at $656,588 as the average sales price for the neighborhood including all sections for the single-family homes. Over 900 homes sites Average days on market are 71 over the past decade Built by John Wieland Homes and Neighborhoods
Largest Subdivision in South Cobb County Located off Cooper Lake and Pebblebrook Roads
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
#4 Vinings Brooke Average Sales price $525,284 Days on market since 2016 ( first year built) 119
Most Expensive Subdivisions in 30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Average SQFT 3,165 Built by David Weekley Homes Located off Pebblebrook Road
Collins Lake
#5 $517,000 is the average sales price
Most Expensive subdivisions in 30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
47 days is the average days on market
Has a Lake in the community Built by Pulte Homes Located off Fontaine Road
Vinings Springs #6
Most Expensive Subdivisions in 30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Average sales price $448,000 Average days on market over the past decade 47 Built by O’dwyer's Homes Located off Civitania Road
Chimney Oaks #7 Most Expensive Subdivisions in 30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Built by O’Dwyer Homes
Average sales price is $447,700 Average days on market in the past decade – 79 Located off Cooper Lake Road
Providence
#8 Most Expensive Subdivisions in 30126
Average sales price $428,535 One of only 6 gated communities in 30126
Built by John Wieland Homes and Neighborhoods Located off Veterans Memorial Highway
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Most Expensive Subdivisions in 30126 #9 Legacy at the Riverline
Average sales price - $413,750 Built by John Wieland Homes and Neighborhoods One of only 6 gated communities in 30126 Off Veteran’s Memorial Highway and Discovery Blvd
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Most Expensive Subdivisions in 30126
#10
Lakeview at Vinings Average price is $ 413,730 Average days on market for the decade – 74 Built by Ashton Woods
Located off Cooper Lake Road
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Luxury Market 2019 Sales Stats for 30126 Source Gamls.com and FMLS.com
Homes over $500,000 Just under 200 million in volume traded hands Average Sale was $650,000 Average SQFT 4,726 Average Cost PSF $133.70
Average Days on Market 73
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Number of Real Buyers in the luxury market in 30126 in 2019 $500,000+
This graph is to help owners set expectations of the number of buyers in the market for their home’s price point.
Average Days on the market for 30126 Luxury homes in 2019 Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
2019 Market Highs in 30126 Single Family Home Index for Listed Homes Source: GAMLS.com
September had the Highest Average Price - $344,047 September had the Highest Number of homes for sale at the same time – 194 Month with the most listings added within 30 days – May at 92 new listings Most Homes Sold in July at 71 units
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Listing Contrac+1:33t Date
List Price
Sold Price
Status
Street Number
Street Name
Street Suffix
Zip Code
9/17/2018 0:00
1007500
1007500Expired
5270 Abbey Park
Lane
30126
2/1/2019 0:00
965000
918000Closed
5270 Abbey Park
Lane
30126
3/6/2019 0:00
249700
249700Withdrawn
5707 Allen
Road
30126
9/6/2019 0:00
260700
255000Closed
5707 Allen
Road
30126
4/8/2019 0:00
349000
349000Withdrawn
197 Anita
Place
30126
5/17/2019 0:00
325000
312500Closed
197 ANITA
Place
30126
10/22/2018 0:00
259999
259999Expired
914 Ashton Park
Drive
30126
3/26/2019 0:00
265000
265000Closed
914 Ashton Park
Drive
30126
11/1/2019 0:00
274900
274900Active
5407 Beaver
Drive
30126
12/28/2018 0:00
165000
99000Closed
5407 Beaver
Drive
30126
1/11/2019 0:00
170000
170000Closed
1279 Bellemeade
Circle
30126
9/11/2019 0:00
278900
279000Closed
1279 Bellemeade
Circle
30126
3/2/2019 0:00
229995
229995Withdrawn
6501 Bonanza
Trail
30126
6/1/2019 0:00
215995
182900Closed
6501 Bonanza
Trail
30126
11/22/2019 0:00
185000
185000Active
331 Camilla
Circle
30126
6/25/2019 0:00
65000
70500Closed
331 Camilla
Circle
30126
6/10/2019 0:00
274900
274900Withdrawn
149 CASTLEBAR
Court
30126
8/5/2019 0:00
274900
274900Closed
149 CASTLEBAR
Court
30126
Sampling of Mableton Sales to Show Expectations Owners Should Have When Selling YTD 2019 Reporting Source FMLS.com
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Take note of color key on the next slide.
10/22/2019 0:00
320000
320000 Active
159 Castlebar
Court
30126
7/20/2019 0:00
335500
335500 Withdrawn
159 Castlebar
Court
30126
4/7/2019 0:00
409000
409000 Expired
6463 Century Park
Place
30126
8/22/2019 0:00
400000
395000 Closed
6463 Century Park
Place
30126
11/13/2018 0:00
345000
345000 Expired
1629 Clay
Road
30126
3/27/2019 0:00
324000
324000 Closed
1629 Clay
Road
30126
8/16/2019 0:00
512500
512500 Active
150 Collins Lake
Circle
30126
4/25/2019 0:00
529000
529000 Expired
150 Collins Lake
Circle
30126
10/31/2019 0:00
584900
584900 Active
4800 COLLINS LAKE
Drive
30126
7/25/2019 0:00
589900
589900 Expired
4800 COLLINS LAKE
Drive
30126
3/13/2019 0:00
65000
65000 Expired
5877 Community
Road
30126
4/15/2019 0:00
54900
64500 Closed
5877 Community
Road
30126
5/2/2019 0:00
259900
259900 Withdrawn
1441 Compton
Drive
30126
5/16/2019 0:00
259900
270000 Closed
1441 Compton
Drive
30126
5/3/2019 0:00
359900
359900 Withdrawn
4608 Ethel Springs
Trail
30126
8/9/2019 0:00
339900
330000 Closed
4608 Ethel Springs
Trail
30126
1/5/2019 0:00
279960
279960 Withdrawn
5929 Farmcrest
Point
30126
2/19/2019 0:00
274960
281785 Closed
5929 Farmcrest
Point
30126
7/26/2018 0:00
469900
469900 Expired
5211 Forest View
Trail
30126
2/5/2019 0:00
419000
419000 Closed
5211 Forest View
Trail
30126
10/4/2018 0:00
340000
340000 Withdrawn
4720 GAMBRELL
Road
30126
4/18/2019 0:00
340000
327000 Closed
4720 GAMBRELL
Road
30126
12/14/2018 0:00
420000
420000 Expired
871 Gramercy Hills
Lane
30126
8/30/2019 0:00
445000
450000 Closed
891 Gramercy Hills
Lane
30126
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Continued Sampling of Mableton Sales to Show Expectations Owners Should Have When Selling YTD 2019 Reporting 21 homes/44 listings listed. These homes were listed twice or more before selling. Take note of dates and price differences.
Light blue are homes on the market Grey are homes that were withdrawn from the market without selling during that listing period. Light Green are sold homes Yellow are homes that expired and failed to sell during that listing period.
Notable Listed Sales in Mableton Cooper Lake Road Sold in 2016 - $875,000 Largest lot 24.48-acre parcel outside of a subdivision with lake, cell tower for income and 3,400 SQFT home
Belair Bluff Court in Vinings Estates Sold in 2014 - $739,000 Largest Parcel inside a Subdivision Sold 5.54 acres with a 5500+ home.
Highview Road Sold in 2019 - $545,000 Largest Ranch Home Sold in the last decade in Mableton with a 2-acre lake on 9.4 acres SQFT 7,800 under the roof. One of only 4 homes like this in all of Cobb County. Listed and Sold by Jackye Mumphrey. Jackye had the pleasure of selling this home twice with the initial sale in 2014.
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Selling to iBuyers in our community Ibuyers are Internet Buyers who are corporate investors backed by hedge funds and conglomerates who buy homes that owners wish to liquidate or sell quickly without putting their home on the open market. During the last 2 years of the decade ending in 2019, the average cost to do business with them is about 12% of the offer price. This percentage can vary due to location, size and condition of each home. You go online and ask for an offer. They will pull the information available online from public records and homes that sold near the subject property and make you an offer. They will come out to the home for a visual inspection and typically adjust their offer downward to account for repairs they will say the home needs. There will be the offer price, the adjusted offer price, a convenience fee for using the service and fees for repairs based on their estimate. If there is an immediate need to sell the home or sell a home you do not want to work on prior to selling, this may be a viable option for you.
You should weigh your options of selling direct to them or selling on the open market. The open market will give you a broader base of buyers and more control over your final sale price. With ibuyers, it’s their way or the highway.
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
30126 Sales Stats for ibuyers Source GAMLS.com
2018 ibuyers sold $4,281,645 in sales volume 2019 Ibuyers sold $15,664,205 2018 and 2019 totals
Total volume since entering Mableton Market $19,945,850 sold 75 homes flipped by ibuyers Average sold flipped price $266,000
One of the top 3 ibuyers in Mableton does not disclose their purchase prices. The numbers below are based on research and review of closing statements of owners who received offers and closed their sales. The other 2 ibuyers report their sales. Average seller paid 12% in costs to sell to an ibuyer. In this example based on available numbers equates to $2,393,502 of costs shared by those 75 sellers over the 2 years. Some seller paid less and some paid more. This number is an average. The cost would be higher for homes that need work or selling to the ibuyer at higher prices. For example selling at 150k vs 550k Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
More on ibuyers Selling to corporate buyers is very convenient to sellers who crave a faster sale than going onto the open market and hiring a real estate agent. The marketing from these companies is heavy in our area. It is very enticing to sell fast and do no work to your home. The challenge is that you give up equity in order to do so. In researching for this report, home sellers interviewed shared they paid a range from around $13,000 to over $62,000. They amount is based on location, condition and price point. As price points vary, the costs will as well. However the percentages stay around 12%. It was shared that ease of sale was great, but all of them said they wish they could have negotiated for more as they would have with a regular buyer.
Selling to corporations takes local dollars away from the community. In the last two years that has been almost 2.4 million dollars. They are a small part of the local Mableton market but impactful to those sellers who chose time and convivence over equity. The ibuyer market in Mableton is sure to pick up regardless of the market conditions. If the market slows, they will change their business model to higher percentages to cover holding costs of a slower market. Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Forward thinking: Mableton’s Future Mableton is on the rise. As more families move into the area, retailers will continue to come. Schools will change for the better and more resources will be available to residents. The sleepy town of Mableton is no more as more people are primed to take advantage of the great location and low tax base. Although prices have already began to climb, there are still opportunities to get the most bang for your buck. At the time of the writing, Mabletonians are contemplating incorporation as a city. If that happens Mableton will become the largest city in Cobb County at 80k residents and nearly 40k square miles if the remaining unincorporated areas of South Cobb County are included in the city limits. Most of the residents are either against or on the fence of incorporating and are waiting on comprehensive studies to make their decision based on the findings.
It should be noted that when polling for opinions on the topic, a large amount of people weren’t aware Mableton isn’t a city despite living in Mableton currently. As builders continue to invest in Mableton and build homes the masses desire, the community will continue to grow whether Mableton becomes a city or not. The quiet affluent have been buying land for years and held them as investments as they hedge on Mableton’s success as a powerhouse in the Atlanta region. With an eye on the future, it would be wise for residents to think in the same vein. In the Mableton shadow market ( homes not on the market), many opportunities are available if you know where to look and how to contact owners of distressed or vacant homes to purchase. Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
This report is provided by Jackye Mumphrey, The Real Estate Maven Mableton Resident Since 2000
Real Estate Agent Since 1999 Over 700 homes sold
South Cobb Home Specialist and Marketer of Homes and Land See Mableton and Real Estate Videos at www.iLoveMableton.com 678-929-8330 Information resources FMLS, GAMLS, Realtor.com, CobbAssessor.com, Wikipedia, Census.gov ,Mableton.org, CRS, USPS and Remine.com
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
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Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
Mableton.org
Learn more about Mableton through its community groups and news outlets.
Prepared and presented by Jackye Mumphrey, REALTOR TheRealEstateMaven.net 678-929-8330
SouthCobbAlliance.org CobbCountyCourier.com
MableHouse.com BrightSideNews.com
SouthCobbPatch.com
If you’d like to speak with Jackye about real estate call 678.929.8330 or visit TheRealEstateMaven.net
Jackye is a licensed associate broker with Keller Williams Realty Cityside office 770-874-6200 x 6233 If you are listed with a broker, this is not a solicitation. The opinions expressed in this report are Jackye Mumphrey’s based on her 20 years experience, market knowledge, research and affinity to the neighbors and friends who reside in Mableton.
