Tuesday
Feb012011
Downtown Savannah Real Estate sales statistics
Tuesday, February 1, 2011 at 02:15PM 
Looking at the statistics on single family homes and townhomes in the downtown Savannah area from 2007 throgh 2010, price per sq ft dropped by 17%. I thought the reduction in prices would be greater. The percentage of sales price to asking price remained about the same around 93%. The days the homes stayed on the market before selling actually fell from 114 in 2007 to 104 in the past year.
The sales price was an average $295,000 on an average 1955 sq ft home -- this past year the average sales price was $255,000 on an 1840 sq ft home. Downtown Savannah homes have maintained their value fairly well though this downtrn.
Next I will run the numbers on Savannah southside.
Reader Comments (3)
If one has a lot of spare money to invest, it would be great to buy a property in Savannah because real estate is not that much affected by any economic slow down.
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