Savannah Q4 2021 Market Report

Page 1

Market Insights | Fourth Quarter of 2021



Will Thurman

GEORGIA BROKER IN CHARGE 5 E Perry Street | Savannah, GA | 31401 | 912-233-6000 2 Skidaway Village Walk, Suite A | Savannah, GA | 31411

As we end 2021 and begin 2022 let’s look back at how we ended one of the strongest real estate markets in the last 15 years, fueled by the lowest mortgage rates in 50 years. Home prices and equity have both been on the rise. CoreLogic reports there is a 31.1% year over year increase in equity for homeowners with mortgages, which equates to a $57k average in equity gain for homeowners. These statistics are incredible and are expected to be even better in 2022. Currently on the market we continue to have more buyers than sellers, and sellers are averaging 3.8 offers on their homes. In order to determine the right offer for your home, or to be the buyer who wins the contract, you need a trusted real estate advisor. Never before has it been more important to have a trusted real estate professional by your side. Our elite real estate agents are ready to start another record breaking year. We are here to support you in selling, buying, looking for investment properties, considering renovations or connecting you to our network if you move across the country. Please enjoy this quarterly report on our market. We look forward to hearing from you.


By the Numbers Q3 compared to Q4 2021

19%

6%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Historic District | 31401 - SINGLE FAMILY Sellers MARKET

Buyers MARKET

Based on Q4 Supply

20

65

$768K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

67

2,441

$309

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Landmark District • Victorian District • Forsyth Park • 22 Historic Squares • Starland District • Retails & Restaurants


By the Numbers Q3 compared to Q4 2021

13%

19%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

SALES PRICE


Historic District | 31401 - CONDOS Sellers MARKET

Buyers MARKET

Based on Q4 Supply

13

35

$464K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

65

1,073

$440

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Landmark District • Victorian District • Forsyth Park • 22 Historic Squares • Starland District • Retails & Restaurants


By the Numbers Q3 compared to Q4 2021

10%

2%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Skidaway Island | 31411 - SINGLE FAMILY Sellers MARKET

Buyers MARKET

Based on Q4 Supply

38

65

$763K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

52

3,324

$229

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • The Landings • Skidaway Island State Park • Moon River District • Modena Island • South Harbor • Grand Harbor Development


By the Numbers Q3 compared to Q4 2021

29%

81%

DECREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Skidaway Island | 31411 - LAND/LOTS Sellers MARKET

Buyers MARKET

Based on Q4 Supply

34

34

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

34

34

AVERAGE DAYS ON MARKET

AVERAGE SOLD PRICE

Area & Features • The Landings • Skidaway Island State Park • Moon River District • Modena Island • South Harbor • Grand Harbor Development


By the Numbers Q3 compared to Q4 2021

4%

0%

DECREASE IN AVERAGE

CHANGE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Midtown | 31405 Sellers MARKET

Buyers MARKET

Based on Q4 Supply

30

104

$375K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

41

1,993

$199

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Ardsley Park • Daffin Park • Grayson Memorial Stadium • Habersham Villiage • Savannah Medical Arts


By the Numbers Q3 compared to Q4 2021

6%

24%

INCREASE IN AVERAGE

INCREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Wilmington Island & Whitmarsh Island Sellers MARKET

| 31410 Buyers MARKET

Based on Q4 Supply

15

100

$451K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

56

2,093

$201

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Long Point Community • Marsh Harbor Community • Wilmington Park • Charles C. Brooks Park • Savannah Country Club • Savannah Yacht Club • Hogans Marina


By the Numbers Q3 compared to Q4 2021

16%

15%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Isle of Hope & Dutch Island Sellers MARKET

| 31406 Buyers MARKET

Based on Q4 Supply

25

33

$528K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

49

2,291

$223

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • The Bluff • Isle of Hope Marina • Wormsloe Historic State Park • Sandfly • Isle of Hope Community Pool • Dutch Island


By the Numbers Q3 compared to Q4 2021

10%

43%

INCREASE IN AVERAGE

INCREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Tybee Island Sellers MARKET

| 31328 - SINGLE FAMILY Buyers MARKET

Based on Q4 Supply

19

37

$842K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

96

2,218

$413

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Tybee Island Light House • Marine Center • Tybee Beach Pier • Ft. Pulaski • Back River Beach • Tybee Post Theater • Ft. Screven


By the Numbers Q3 compared to Q4 2021

1%

2%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Tybee Island Sellers MARKET

| 31328 - CONDOS Buyers MARKET

Based on Q4 Supply

4

12

$416

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

34

1013

$445

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Tybee Island Light House • Marine Center • Tybee Beach Pier • Ft. Pulaski • Back River Beach • Tybee Post Theater • Ft. Screven


By the Numbers Q3 compared to Q4 2021

0.4%

9%

INCREASE IN AVERAGE

INCREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


| 31419

Southside Sellers MARKET

Buyers MARKET

Based on Q4 Supply

33

154

$248K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

45

1,695

$145

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • GSU Armstrong Campus • Hunter Army Airfield • Vernonburg • Coffee Bluff • Windsor Forest • Lake Mayer • Truman Lanier Trail


By the Numbers Q3 compared to Q4 2021

6%

23%

DECREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Berwick / Southbridge Sellers MARKET

| 31419, 31405 Buyers MARKET

Based on Q4 Supply

32

136

$316K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

29

2,247

$316

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Berwick Plantation • Southbridge Community • Grand Lake Lodge & Spa • Racket Club • 18-hole Rees Jones Championship Golf Course • Conveniently located to Hwy 17 and I-16


By the Numbers Q3 compared to Q4 2021

8%

31%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Pooler/West Chatham Sellers MARKET

| 31322, 31302, 31407 Buyers MARKET

Based on Q4 Supply

176

345

$308K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

26

2,346

$135

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Mighty Eighth Museum • SAV/HHI International Airport • Tanger Outlets • Savannah Quarters • Gulfstream Aerospce • Retail & Restaurants


By the Numbers Q3 compared to Q4 2021

5%

26%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Richmond Hill | Sellers MARKET

31324 Buyers MARKET

Based on Q4 Supply

142

287

$349K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

37

2,416

$152

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • The Ford Community • Waterways Community • Ft. McAlister State Park • JF Gregory Park • John W. Stevens Wetland Center


By the Numbers Q3 compared to Q4 2021

2%

12%

INCREASE IN AVERAGE

INCREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Georgetown | Sellers MARKET

31319 Buyers MARKET

Based on Q4 Supply

41

127

$267

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

37

1,931

$141

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Ogeechee Meat Market • Coastal Georgia Botanical Gardens • Conveniently located to Hwy 204 and I-95 • Truman & Veterans Parkway


By the Numbers Q3 compared to Q4 2021

3%

31%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


North Bryan County | Sellers MARKET

31321, 31408 Buyers MARKET

Based on Q4 Supply

5

34

$297K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

39

1,983

$152

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Pembroke • Ellabell • Black Creek • Black Creek Golf Course • Interstate Center Industrial Park


By the Numbers Q3 compared to Q4 2021

5%

2%

INCREASE IN AVERAGE

DECREASE IN AVERAGE

SALES PRICE

DAYS ON MARKET


Effingham County | Sellers MARKET

31326, 31312, 31329 Buyers MARKET

Based on Q4 Supply

182

380

$291K

TOTAL AVAILABLE IN Q4

TOTAL SOLD IN Q4

AVERAGE SOLD PRICE

36

2,166

$138

AVERAGE DAYS ON MARKET

AVERAGE SQUARE FEET

AVERAGE SOLD PRICE PER SQ FT

Area & Features • Honey Ridge Estate • Lost Plantation Golf Course • Butterduck Winery • Ebenezer Creek • Ebenezer Retreat Center • Roebling Road Raceway • Conveniently located to I-16 & I-95


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.