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Historic Downtown Savannah Ga -- 5 year sales comparison

Below is a five year comparison of Savannah homes sold between 8/11 and 8/11 of each 12 month time frame.
This is drawn from our Multi-List database that designates Downtown Savannah as area 1. After being surprised at the findings from the Ardsley Park statistical information, which is Midtown Savannah in area 2, I decided to see what the numbers would show for historical downtown sales over a five year period.

 

 

 

2002-2003

 2003-2004

 2004-2005

 2005-2006

 2006-2007

Avg. Sales Price

 

$254,767

298,611

$315,923

$387,738

$414,613

Avg Sq Footage

 

1979

1958

1759

1902

1782

Percent of sales price

 

94%

94%

95%

96%

94%

to asking price

 

 

 

 

 

 

Days on market

 

189

162

140

114

137

Total # of Sales

 

182

274

338

314

251



These are raw numbers based on all sales in the area for each time period. Again, I don't see much evidence of a downward trend. Total sales went up from the first year to the third year, then down the last two years, but they sold at a higher price aand at basically the same percent of sales price to asking price. The average sales price has continued to rise significantly. The number of days on the market show no significant differences. 

Mike From Savannah

www.MikeFarmerRealty.com

 

Published Sunday, August 12, 2007 6:55 PM by Mike Farmer

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