2022 Annual Market Report | Savannah

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AREA

SAVANNAH
2022 ANNUAL MARKET REPORT
2022 Featured Sold Properties 1108 Wilmington Island Road, Wilmington Island | Sold at $3,540,000 1 Adams Point, The Landings | Sold at $2,300,000 208 E Liberty Street, Historic Landmark District | Sold at $1,700,000 COVER HOME
58 AVERAGE DAYS ON MARKET 47.3% The Savannah Area 2022 vs 2021 3,687 NUMBER OF SALES 17.2% ^ ^ The Overview $284.33 AVERAGE SOLD PRICE PER SQFT 15.1% $676,421 AVERAGE SALES PRICE 25.8% 97.65% LIST TO SALES PRICE RATIO 2.95% ^ ^ ^

2022 Annual 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 125 2022 329 2021 60 2022 131 2021 $454 2022 $366 2021 $1,004,781 2022 $700,524 2021 96.86% 2022 85.73% 2021 62% 54.2% 24.1% 43.4% 11.14% 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 74 2022 23 2021 56 2022 88 2021 $273 2022 $264 2021 $460,414 2022 $532,565 2021 99.98% 2022 99% 2021 221.7% 36.4% 3.4% 13.5% 0.98%
LIST TO SALES PRICE RATIO 102.19% 2022 97.51% 2021 MIDTOWN Residential Sales | Greater Savannah Area NUMBER OF SALES AVERAGE DAYS ON MARKET AVERAGE SOLD PRICE PER SQFT AVERAGE SALES PRICE 93 2022 174 2021 39 2022 52 2021 $254 2022 $219 2021 $473,925 2022 $366,914 2021 46.6% 25% 15.9% 29.2% 4.68% 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 63 2022 75 2021 39 2022 68 2021 $272 2022 $228 2021 $678,171 2022 $552,162 2021 99.81% 2022 100.16% 2021 16% 42.6% 19.4% 22.8% 0.35% 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 47 2022 77 2021 69 2022 82 2021 $247 2022 $227 2021 $617,911 2022 $559,598 2021 97.31% 2022 96.98% 2021 39% 15.9% 8.8% 10.4% 10.33% 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 286 2022 364 2021 48 2022 72 2021 $258 2022 $215 2021 $849,249 2022 $673,142 2021 98.52% 2022 97.43% 2021 21.4% 33.3% 19.9% 26.2% 1.09%
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 444 2022 606 2021 33 2022 64 2021 $224 2022 $183 2021 $437,768 2022 $364,491 2021 100.58% 2022 103.76% 2021 26.7% 48.4% 22.4% 20.1% 3.18% 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 178 2022 281 2021 62 2022 151 2021 $481 2022 $390 2021 $768,728 2022 $634,634 2021 96.2% 2022 93.38% 2021 36.7% 58.9% 23.5% 21.1% 2.82%
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 101 2022 145 2021 34 2022 84 2021 $181 2022 $157 2021 $556,402 2022 $457,581 2021 100.35% 2022 105.29% 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 859 2022 974 2021 39 2022 63 2021 $173 2022 $144 2021 $372,875 2022 $297,923 2021 99.98% 2022 98.26% 2021 30.3% 59.5% 15.3% 21.6% 4.94% 11.8% 38.1% 20% 25.2% 1.72%
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 1,392 2022 1,387 2021 36 2022 65 2021 $177 2022 $160 2021 $399,977 2022 $340,649 2021 100.21% 2022 89.13% 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 25 2022 18 2021 184 2022 406 2021 $418 2022 $412 2021 $1,496,836 2022 $971,667 2021 92.77% 2022 92.94% 2021 0.4% 44.6% 10.7% 17.4% 11.08% 38.9% 54.7% 1.3% 54% 0.18%

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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
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