Quarter 1 2023 Market Report | Savannah

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2023 QUARTER ONE MARKET REPORT

SAVANNAH AREA

2023 Featured Sold Properties 4130 Amsterdam Circle, Ardsley Park | Sold at $990,000 210 W Jones Street, Historic Landmark District | Sold at $1,300,000 3001 Atlantic Avenue, Ardsley Park | Sold at $1,070,000 COVER HOME

2023 vs 2022

The Savannah Area

NUMBER OF SALES

702

83 AVERAGE DAYS ON MARKET

3.6%

$295.14 AVERAGE SOLD PRICE PER SQFT

11.3%

$695,790.25 AVERAGE SALES PRICE

15.0%

95.09%

LIST TO SALES PRICE RATIO 2.45%

15.5% ^ ^ The Overview
^ ^ ^

Q1 2023 Market Report

Section 1: Savannah Area

HISTORIC DISTRICT

Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 29 2023 37 2022 79 2023 56 2022 $475.69 2023 $387 2022 $1,053,260 2023 $726,813 2022 95.61% 2023 97.52% 2022 21.6% 41.1% 22.9% 44.9% 1.91% STARLAND Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 25 2023 18 2022 94 2023 73 2022 $279.53 2023 $247 2022 $597,718 2023 $439,722 2022 93.76% 2023 99.85% 2022 38.9% 28.8% 13.2% 35.9% 6.09%
LIST TO SALES PRICE RATIO 97.81% 2023 102.54% 2022 MIDTOWN Residential Sales | Greater Savannah Area NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 17 2023 39 2022 68 2023 50 2022 $257.97 2023 $235 2022 $472,722 2023 $453,457 2022 56.4% 36% 9.8% 4.2% 4.72% ARDSLEY PARK Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 14 2023 16 2022 68 2023 54 2022 $285.02 2023 $264 2022 $661,425 2023 $743,719 2022 97.71% 2023 98.46% 2022 12.5% 25.9% 8% 11.1% 0.75% LIST TO SALES PRICE RATIO
ISLE OF HOPE/DUTCH ISLAND Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 8 2023 12 2022 71 2023 51 2022 $329.71 2023 $243 2022 $1,008,800 2023 $560,583 2022 99.59% 2023 97.71% 2022 33.3% 39.2% 35.7% 80% 1.88% THE LANDINGS/MODENA/SOUTH HARBOR Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 58 2023 75 2022 56 2023 47 2022 $259.81 2023 $239 2022 $813,045 2023 $784,436 2022 97.02% 2023 100.14% 2022 22.7% 19.1% 8.7% 3.6% 3.12%
WILMINGTON/WHITEMARSH ISLAND Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 92 2023 104 2022 70 2023 36 2022 $230.82 2023 $213 2022 $418,727 2023 $402,293 2022 97.03% 2023 100.78% 2022 11.5% 94.4% 8.4% 4.1% 3.74%
Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 44 2023 51 2022 89 2023 83 2022 $493.84 2023 $442 2022 $632,861 2023 $731,439 2022 94.86% 2023 96.87% 2022 13.7% 7.2% 11.7% 13.5% 2.01%
TYBEE ISLAND
SOUTHBRIDGE Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 14 2023 17 2022 91 2023 25 2022 $181.49 2023 $184 2022 $520,207 2023 $484,995 2022 95.83% 2023 99.95% 2022 POOLER Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 190 2023 199 2022 60 2023 29 2022 $182.20 2023 $161 2022 $383,240 2023 $341,614 2022 98.22% 2023 100.46% 2022 17.6% 264% 1.4% 7.3% 4.12% 4.5% 106.9% 13.2% 12.2% 2.24%
Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 200 2023 257 2022 82 2023 52 2022 $185.48 2023 $167 2022 $443,978 2023 $395,901 2022 96.64% 2023 99.87% 2022 FORD PLANTATION Residential Sales | Greater Savannah Area LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 11 2023 6 2022 162 2023 400 2022 $380.06 2023 $400 2022 $1,343,500 2023 $1,195,817 2022 87.28% 2023 90.05% 2022 22.2% 57.7% 11.1% 12.1% 3.23% 83.3% 59.5% 5% 12.3% 2.78%
RICHMOND HILL

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Serving the Lowcountry in Charleston, Savannah Hilton Head Island, Beaufort & Bluffton WWW.DANIELRAVENELSIR.COM
Nothing Compares. DANIELRAVENELSIR.COM Statistics are compiled quarterly based on figures and data generated by the Multiple Listing Service. Due to possible reporting inconsistencies, Days on Market (DOM), average prices and rates of appreciation should be used to analyze trends only. Property and statistical data derived from this information is solely for your personal, non-commercial use in buying or selling a property and is deemed reliable but not guaranteed and should be verified. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. We fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Each Office is Independently Owned and Operated. 300 BULL STREET, SUITE 101, SAVANNAH, GA

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