2022 QUARTER THREE MARKET REPORT SAVANNAH AREA
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Properties 110 Samuel Lyon Way, Savannah | Sold at $850,000 Cover Home | 22 West Harris Street, Savannah | Offered at $3,750,000 5 Eagle Point Drive, Savannah | Sold at $890,000
42 AVERAGE DAYS ON MARKET 42.5% The Savannah Area Q3 2022 vs Q3 2021 968 NUMBER OF SALES 17.4% ^ ^ The Overview $302.45 AVERAGE SOLD PRICE PER SQFT 34.2% $708,945.33 AVERAGE SALES PRICE 42.3% 98.98% LIST TO SALES PRICE RATIO 1.67% ^ ^ ^
Q3 2022 Market Report 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 37 2022 82 2021 39 2022 80 2021 $477.32 2022 $317.41 2021 $756,935 2022 $684,408 2021 96.00% 2022 96.06% 2021 54.9% 51.3% 50.4% 10.6% 0.06% STARLAND Residential Sales | Greater Savannah Area 22 2022 LIST TO SALES PRICE RATIO NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 25 2021 40 2022 69 2021 $313.17 2022 $244.22 2021 $506,669 2022 $415,386 2021 101.86% 2022 98.43% 2021 12.0% 42.0% 28.2% 22.0% 3.42%
LIST TO SALES PRICE RATIO 100.76% 2022 101.77% 2021 MIDTOWN Residential Sales | Greater Savannah Area NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 32 2022 38 2021 30 2022 34 2021 $274.72 2022 $218.00 2021 $488,944 2022 $388,421 2021 15.8% 11.8% 26.0% 25.9% 1.02% 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 12 2022 16 2021 26 2022 34 2021 $280.20 2022 $304.70 2021 $657,500 2022 $552,438 2021 100.59% 2022 100.53% 2021 25.0% 23.5% 8.0% 19.0% 0.06% 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 6 2022 18 2021 109 2022 57 2021 $253.12 2022 $197.07 2021 $731,667 2022 $622,100 2021 93.11% 2022 98.58% 2021 66.7% 91.2% 28.4% 17.6% 5.48% 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 66 2022 79 2021 53 2022 53 2021 $264.07 2022 $211.99 2021 $852,882 2022 $700,218 2021 100.47% 2022 97.99% 2021 16.5% 26.4% 24.6% 21.8% 2.48%
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 128 2022 167 2021 34 2022 43 2021 $228.48 2022 $183.12 2021 $466,002 2022 $345,543 2021 100.18% 2022 99.74% 2021 23.4% 20.9% 24.8% 34.9% 0.44% 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 38 2022 73 2021 39 2022 55 2021 $488.24 2022 $362.91 2021 $796,675 2022 $624,818 2021 97.04% 2022 97.12% 2021 47.9% 29.1% 34.5% 27.5% 0.08%
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 20 2022 45 2021 36 2022 48 2021 $187.37 2022 $160.38 2021 $555,430 2022 $437,845 2021 99.15% 2022 100.02% 2021 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 211 2022 266 2021 32 2022 40 2021 $175.59 2022 $139.60 2021 $381,894 2022 $291,352 2021 100.04% 2022 100.65% 2021 55.6% 25.0% 16.8% 26.9% 0.86% 20.7% 20.0% 25.8% 31.1% 0.61%
RICHMOND HILL 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 394 2022 359 2021 26 2022 50 2021 $180.02 2022 $145.90 2021 $370,246 2022 $336,871 2021 137.31% 2022 100.20% 2021 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 2 2022 4 2021 45 2022 322 2021 $507.11 2022 $219.01 2021 $1,942,500 2022 $577,500 2021 95.34% 2022 121.90% 2021 9.7% 48.0% 23.4% 9.9% 37.11% 50.0% 86.0% 131.5% 236.4% 26.56%
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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.
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