2007 Sales for Midtown Savannah Homes

I ran some statistics on midtown Savannah to show the numbers from 2007 as compared to the two previous year.

There were 591 homes sold in 2007, 678 in 2006 and 558 in 2005.

The price per square foot in 2007 was $114.00, $113.00 in 2006 and $105.00 in 2005

The average sales price in 2007 was $194,150, $184,638 in 2006 and $195,096 in 2005

The average days the house was on the market in 2007 was 97, 83 in 2006 and 67 in 2005

The ratio of sales price to asking price in 2007 was 97%, 99% in 2006 and 97% in 2005.

Again, I am finding that values are increasing but at a slower rate. The number of days on the market was higher and ratio of sales price to asking price was about the same.

Midtown covers areas like Ardsley Park, Parkside, Baldwin Park and Kensington.

I helped three buyers in the Ardsley Park area during the month of December. There are some nice older homes available at this time – most have been renovated and updated.