Mike from Savannah

As I walk around Savannah it appears that tourism is booming. This article -- http://snipurl.com/2umai -- suggests my suspicion is correct. I know I see tour buses and trolleys full all over town and the streets are full.

It's no surprise that the secret of Savannah is out and that more and more people are choosing Savannah as a vacation spot, seeing as how it's one of the most beautiful and walkable cities in the country.

To me one of the best locations to live in Savannah, if you like water views and want to be right in the middle of the downtown action, is in a condo along Bay Street (come to think of it, it may be the only location where you get downtown and river view, except the higher ones being built on Bay). You have an incredible view and all you have to do is go downstairs to be right on River Street.

You can buy one below $500,000. This is a lot of money, no doubt, but the view matches those in other cities where you will pay over a million. There are condos already renovated along Bay Street and there is raw space zoned for condos to be built out. You might want to opt to build out so you can design it like you want it. Access to downtown and an incredible river view -- it can't be beat. Email me at Mike@MikeFarmerRealty and I will send what's available.

Mike from Savannah

If you happen to be in Savannah in July, this will be interesting:

http://www.savannahvisit.com/events/?ms=902

Savannah has a growing art and design community thanks to the influence of Savannah College of Arts and Design.

Also, if you get a chance, go by A.T. Hun, an art gallery in City Market -- say hello to Chuck the Artist and tell him Mike Farmer sent you. Chuck is a friend of mine and an interesting fellow -- oh, and he paints okay, too.

I talked with Sam today who is managing the renovation and he said they are underway, doing some of the underneath work re-pointing and rebuilding piers. I don't have any photos of the progress yet, but I have a few more I took of its present condition.

This a report on new construction sales in Richmond Hill covering the first six months of 2008, 2007 and 2006 as a comaprison for the past three years.

This year 58 new homes in Richmond Hill/Bryan County have sold for an average $121.27 per square foot with an average sales price of $260,553, 156 days on the market and 99% sales price to listing price.

In the first six months of 2007, 114 new homes were sold at an average of $125.44 a square foot with an average sales price of $278,467, 183 days on the market and 99% of sales price to listing price.

In the first six months of 2006, 118 new homes sold at an average of $125.70 a square foot with an avergae sales price of $279,045, 115 days on the market and 100% os sales price to list price.

So, this is good news for buyers in Richmond Hill, they can pay less per square foot. It appears the market remained stable from 2006 to 2007, then in 2008, way fewer homes have sold and they have sold for less, although days on the market is about the same.