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    To find Savannah homes for sale click here 

     

    Sunday
    Jan292012

    Downtown Savannah homes sold -- statistics

    From 1/29/2011 through 1/29/2012, 84 single family and townhomes sold in the downtown area of Savannah. In real estate, we call this Area 1 and it's approxiamtely from Gaston Street to River Street. The median sales price during the last twelve months was $305,000. The median Sales Price per Square Foot was $162.55.  The median days on market  before being sold was 130, and sellers were getting on average 93% of the asking price.

    Compared to the previous 12 months, 1/29/2010 through 1/29/2011, the last twelve months were better for sellers. The median sales price for that period, 1/29/2010 through 1/29/2011 was $255,000. There were 115 home sold. The median Sales Price per Square Foot was $146.04. The median days on market was 104, and the slaes prive to asking price as the same at 93%.

    That's quite an increase from basically the year 2010 to the year 2011.

    Wednesday
    Jan252012

    Guest Blogger on Packing Tips

    Helpful packing tips for your next move
    Let’s be honest, no one likes moving. It always ends up being a nightmare of confusion and way too much work. Plus, there is that added displeasure of realizing that you are leaving the place you have come to call your home. However, there are things that can be done to smooth the hassle and ensure an efficient and lower stress process. The following moving tips should help reduce this discomfort and make you look at your next move in a whole new light.
    The first step and one of the best and most important moving tips is to make a packing checklist. This list should include an inventory list, packing supplies, truck rental, and arrangements for utilities to be turned off and mail forwarded. This will keep you organized and aware of what you have, where it is located and what else must be accomplished so nothing is forgotten or left to the last minute.
    Strongly consider renting a self-storage unit during the duration of your move. Storage facilities provide a secure place for your belongings, namely those belongings that you don’t know exactly where to put yet in your new home. Add storage reservations to your checklist to remind yourself to confirm those reservations.
    Once you’ve done the legwork of locating a secure storage area for your belongings, it’s time to consider a few other important packing tips:

    • Investigate the storage size. Sometimes people misjudge just how big or small an area is by just reading the measurements off the website. Picture your belongings not as they are in your home right now, but as they will be once they are disassembled and stacked in boxes.
    • Buy top-of-the-line packing supplies designed specifically for moving. Check and see if your storage facility sells packing supplies, or purchase them through general retailers.
    • Put labels on everything you plan on storing in your unit. Storage labels help you find the boxes you will need quickly. This type of storage organization will also help with your packing checklist creation.
    • Be sure to place the items you think will be accessed more regularly in the front so that you don’t have to go digging through all your other belongings just to get to one thing. Also, make sure everything is clean and in good condition before placing it in storage.
    • Cotton or wool blankets might provide the extra insulation needed in colder climates because sometimes even “climate-controlled” units may not provide the temperature control you need.


    From there, moving tips should also include a moving-in checklist. This list will allow you to check all the items from your inventory list that have arrived. It will also make it easier to keep track of which items you plan to keep and which items you want to place in self-storage while you redecorate the new house.

    This article was written by Matt Schexnayder. Matt is on the SpareFoot marketing team and writes for the SpareFoot blog. SpareFoot is the largest online marketplace for self-storage with more than 5,000 self-storage facilities listed nationwide. SpareFoot offers consumers the most complete comparison shopping experience in the storage industry and has been a big part of the national moving and storage industry for over 3 years.

    Friday
    Jan132012

    Savannah real estate investors

    http://www.linkedin.com/news?actionBar=&articleID=5562274737595355150&ids=djoOdjoPdj0UdjgTd3oVczoRdiMVdz4RdjgOcjkVdj0MdjwOdzkRb30RcjkRcPkVdjsPdPgTcz8SdjkIejgOcjgPdzkTcPgPej0MczoRdiMMcj4QczATcPcOdPgMd34NdzkR&aag=true&freq=weekly&trk=eml-tod2-b-ttl-2&ut=3k5iuDNrPnlB41

    In 2012 there will lots of pressure from the Fed on government to create programs to deal with vacant houses and low foreclosure sales bringing down neighborhood prices. One program likely to take place soon will incentivize investors to buy a number of foreclosures as a package to turn into rental properties. The success of the program will be the incentives. 

    I hope the government interventions don't have unintended consequences, but, for investors, 2012 might be a good year. With so many rentals on thew market, rental prices could go down to levels which work against investors. We'll see how it works out. The first investors in will likely do better than the last investors in.

    Sunday
    Jan082012

    Commerical real estate in Savannah Ga

    Commercial real estate in Savannah Ga has been affected by national trends and the economy. At one time we all said real estate is local, but that's not true right now. Below is a video regarding some of the trends and problems in commercial real estate nationwide. Tight financing is still a problem for new developement, and, because of increased demand for rental properties, apartment complexes are positive investments. As always, the trick is timing. If money flows into apartment investments, at some point the home-buying market will turn around, and those investors who pay the highest prices can get caught as more people start buying again. But, from the information given in the video below that transition will not likely take place in 2012.

    Thursday
    Jan052012

    Return to listings

    In all of 2011 I worked exclusively as a buyer agent and didn't take any listings. In 2012 I will start taking listings again. I quit taking listings in 2011 because the market had turned and many sellers had not yet realized that prices were going lower. I believe now that home sellers are more realistic, so I will work as a listing agent representing sellers as well as a buyer agent. If a buyer likes one of my listings, I will advise the buyer to get a buyer's agent if they feel there is a conflict of interest.

    I look forward to Savannah real estate market in 2012, which I believe will be a better market for sellers.