2023 QUARTER TWO MARKET REPORT
SAVANNAH AREA
2023 Featured Sold Properties 210 John Westley Way, Emerald Pointe | Sold at $1,495,000 23 Island Drive, Isle of Hope | Sold at $2,600,000 5614 Sweetbriar Circle, Greenview | Sold at $1,500,000 COVER HOME
2023 vs 2022
The Savannah Area
NUMBER OF SALES
977
61 AVERAGE DAYS ON MARKET
31.9%
AVERAGE SOLD PRICE PER SQFT
$309.37
11.6%
AVERAGE SALES PRICE
$607,967.98
16.9%
LIST TO SALES PRICE RATIO
82.64%
15.97%
Overview
9.5% ^ ^ The
^ ^
^
Q2 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 35 2023 50 2022 70 2023 57 2022 $410.07 2023 $434.15 2022 $825,209 2023 $1,334,140 2022 98.75% 2023 98.60% 2022 30% 22.8% 5.5% 38.1% 0.16% 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 11 2023 22 2022 62 2023 46 2022 $316.48 2023 $275.13 2022 $578,691 2023 $485,609 2022 97.99% 2022 98.79% 2021 50% 34.8% 15% 19.2% 0.79%
LIST TO SALES PRICE RATIO 101.15% 2022 107.05% 2021 MIDTOWN Residential Sales | Greater Savannah Area NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 20 2023 25 2022 23 2023 18 2022 $299.39 2023 $249.11 2022 $520,150 2023 $440,928 2022 20% 27.8% 20.2% 18% 5.90% ARDSLEY
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 18 2023 21 2022 59 2023 37 2022 $341.06 2023 $264.77 2022 $860,556 2023 $680,714 2022 96.25% 2023 101.07% 2022 14.3% 59.5% 28.8% 26.4% 4.82% LIST TO SALES PRICE RATIO
PARK
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 14 2023 21 2022 39 2023 55 2022 $317.90 2023 $240.94 2022 $1,067,036 2023 $597,531 2022 97% 2023 98.17% 2022 33.3% 29.1% 31.9% 78.6% 1.16% 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 75 2023 85 2022 27 2023 39 2022 $288.51 2023 $271.24 2022 $919,876 2023 $892,365 2022 99.08% 2023 98.89% 2022 11.8% 30.8% 6.4% 3.1% 0.18%
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 112 2023 121 2022 37 2023 27 2022 $373.23 2023 $237.69 2022 $421,251 2023 $449,707 2022 40.12% 2023 102.06% 2022 7.4% 37% 57% 6.3% 61.94%
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 46 2023 56 2022 63 2023 58 2022 $509.73 2023 $457.96 2022 $731,035 2023 $820,205 2022 94.52% 2023 95.66% 2022 17.9% 8.6% 11.3% 99.9% 1.14%
TYBEE 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 21 2023 33 2022 64 2023 28 2022 $200.10 2023 $184.50 2022 $555,130 2023 $582,479 2022 98.69% 2023 100.90% 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 272 2023 212 2022 57 2023 32 2022 $185.24 2023 $172.13 2022 $399,826 2023 $388,660 2022 99.46% 2023 101.73% 2022 36.4% 128.6% 8.5% 4.7% 2.21% 28.3% 78.1% 7.6% 2.9% 2.28%
SOUTHBRIDGE
RICHMOND
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 345 2023 426 2022 56 2023 35 2022 $189.48 2023 $176.81 2022 $444,902 2023 $416,376 2022 99.25% 2023 101.70% 2022 FORD
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 8 2022 175 2023 123 2022 $281.24 2023 $361.24 2022 $702,479 2023 $1,687,000 2022 96.33% 2023 94.16% 2022 19% 60% 7.2% 6.9% 2.45% 42.3% 22.1% 58.4% 2.17%
HILL
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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
