2022 FIRST QUARTER
MARKET REPO RT SAVANNAH AREA
Featured Properties COVER HOME
1061 Mill Hill Road, Richmond Hill | Sold at $880,000
7 Lovell Avenue, Tybee Island | Sold at $917,500
22 Delegal Road, The Landings | Sold at $1,314,300
The Overview Q1 2022 vs Q1 2021
The Savannah Area NUMBER OF SALES
^ 831 28.4%
AVERAGE DAYS ON MARKET
80
38.1%
^
AVERAGE SOLD PRICE PER SQFT
$265.17
^
28.2%
AVERAGE SALES PRICE
$605,065.75
^
15.5%
LIST TO SALES PRICE RATIO
97.54%
^
2.44%
Q1 2022 Market Report Savannah Area
HISTORIC DISTRICT
Residential Sales | Greater Savannah Area NUMBER OF SALES
37
69
46.4%
2022
2021
AVERAGE DAYS ON MARKET
56
161
65.2%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$387
$339
14.2%
2022
2021
AVERAGE SALES PRICE
$726,813 2022
$710,491
2.3%
2021
LIST TO SALES PRICE RATIO
97.52% 2022
4.24%
93.27% 2021
STARLAND
Residential Sales | Greater Savannah Area NUMBER OF SALES
18
22
18.2%
2022
2021
AVERAGE DAYS ON MARKET
73
89
18.0%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$247
20.5%
2022
$205 2021
AVERAGE SALES PRICE
$439,722 2022
22.4% $359,341 2021
LIST TO SALES PRICE RATIO
99.85% 2022
4.09% 95.76% 2021
ARDSLEY PARK
Residential Sales | Greater Savannah Area NUMBER OF SALES
16
24
33.3%
2022
2021
AVERAGE DAYS ON MARKET
54
96
43.8%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$264
$195
35.4%
2022
2021
AVERAGE SALES PRICE
$743,719 2022
59.3%
$466,798 2021
LIST TO SALES PRICE RATIO
98.46% 2022
0.03%
98.48% 2021
MIDTOWN
Residential Sales | Greater Savannah Area NUMBER OF SALES
39
46
15.2%
2022
2021
AVERAGE DAYS ON MARKET
50
63
20.6%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$235
$184
27.7%
2022
2021
AVERAGE SALES PRICE
$453,457 2022
33.8%
$338,993 2021
LIST LISTTO TO SALES SALES PRICE PRICE RATIO RATIO
102.54% 2022
3.17%
99.37% 2021
THE LANDINGS/MODENA/SOUTH HARBOR Residential Sales | Greater Savannah Area
NUMBER OF SALES
75
111
32.4%
2022
2021
AVERAGE DAYS ON MARKET
47
81
42.0%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$239
$183
30.6%
2022
2021
AVERAGE SALES PRICE
$784,436 2022
28.4%
$610,964 2021
LIST TO SALES PRICE RATIO
100.14% 2022
3.15% 96.99% 2021
ISLE OF HOPE/DUTCH ISLAND Residential Sales | Greater Savannah Area
NUMBER OF SALES
12
22
45.5%
2022
2021
AVERAGE DAYS ON MARKET
51
92
44.6%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$243
$187
29.9%
2022
2021
AVERAGE SALES PRICE
$560,583 2022
32.4%
$423,469 2021
LIST TO SALES PRICE RATIO
97.71% 2022
0.84%
98.55% 2021
TYBEE ISLAND
Residential Sales | Greater Savannah Area NUMBER OF SALES
51
65
21.5%
2022
2021
AVERAGE DAYS ON MARKET
83
186
55.4%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$442
$352
25.6%
2022
2021
AVERAGE SALES PRICE
$731,439 2022
26.7%
$577,193 2021
LIST TO SALES PRICE RATIO
96.87% 2022
0.44%
97.32% 2021
WILMINGTON/WHITEMARSH ISLAND Residential Sales | Greater Savannah Area
NUMBER OF SALES
104
124
16.1%
2022
2021
AVERAGE DAYS ON MARKET
36
79
54.4%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$213
$164
29.9%
2022
2021
AVERAGE SALES PRICE
$402,293 2022
15.1%
$349,383 2021
LIST TO SALES PRICE RATIO
100.78% 2022
4.10%
96.67% 2021
SOUTHBRIDGE
Residential Sales | Greater Savannah Area NUMBER OF SALES
17
34
50.0%
2022
2021
AVERAGE DAYS ON MARKET
25
178
86%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$184
$151
21.9%
2022
2021
AVERAGE SALES PRICE
$484,995 2022
2.0% $475,274 2021
LIST TO SALES PRICE RATIO
99.95% 2022
4.03%
View Kiawah Island Listings
95.92% 2021
POOLER
Residential Sales | Greater Savannah Area NUMBER OF SALES
199
216
7.9%
2022
2021
AVERAGE DAYS ON MARKET
29
83
65.1%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$161
$127
26.8%
2022
2021
AVERAGE SALES PRICE
$341,614 2022
18.3%
$288,679 2021
LIST TO SALES PRICE RATIO
100.46% 2022
1.72%
98.74% 2021
RICHMOND HILL
Residential Sales | Greater Savannah Area NUMBER OF SALES
257
281
8.5%
2022
2021
AVERAGE DAYS ON MARKET
52
78
33.3%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$167
$133
25.6%
2022
2021
AVERAGE SALES PRICE
$395,901 2022
22.9%
$322,155 2021
LIST TO SALES PRICE RATIO
99.87% 2022
1.11%
98.76% 2021
FORD PLANTATION
Residential Sales | Greater Savannah Area NUMBER OF SALES
6
4
50.0%
2022
2021
AVERAGE DAYS ON MARKET
400
358
11.7%
2022
2021
AVERAGE SOLD PRICE PER SQFT
$400
$263
52.1%
2022
2021
AVERAGE SALES PRICE
$1,195,817 2022
12.2%
$1,362,500 2021
LIST TO SALES PRICE RATIO
90.05% 2022
0.93%
89.13% 2021
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17 W CHARLTON STREET, SAVANNAH, SC 29401 | 912.234.3323 | DANIELRAVENELSIR.COM | OPEN 7 DAYS A WEEK Based on information from the Savannah Area Realtors MLS for the period 1/1/22-3/31/22 © MMXVI Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC. All rights reserved. This material may not be reproduced, displayed, modified or distributed without the express prior written consent of the copyright holder.