Mableton Real Estate Stats for the Decade | Home Values | Most Expensive Neighbors | The Future

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

Connect and follow Jackye Mumphrey on the following sites:

www.TheRealEstateMaven.net www.ILoveMableton.com www.Linkedin.com/in/JackyeMumphrey

www.Facebook.com/GotMableton www.Twitter.com/JackyeMumphrey

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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.