Savannah Chamber

40 Savannah Area Chamber of Commerce 2015 Economic Trends 19 Real Estate Residential The recovery of total qualified home sales continued in 2014, extending the gains first emerging in 2012 and 2013. In 2013, a total of 3,518 homes sold as compared to 2,623 in 2012. Through October of 2014, 3,273 homes were sold which projects to approximately 3,996 sales for the year, a gain of 14%. The average qualified home sale price in Chatham County was $229,293 in 2013 and $226,772 in 2014, a decrease of about 1.1%. Source: Chatham County Board of Assessors. Only qualified sales were utilized. Retrieved 11/19/2014. *Projection for 2014 based on data through October. Savannah continues to be in a favorable position with respect to home prices among comparable metropolitan areas and port cities. Housing prices in Savannah rank in the least expensive (lowest) one-third in the nation (#1,207 of 1,997) according to the markets tracked in the Coldwell Banker "Home Listing Report." Within Georgia, however, Savannah ranks above average in 16 th position of the 69 markets tracked in Georgia. Home Price Comparisons, 2014 Metropolitan Areas Port Cities Denver, CO $494,127 San Francisco, CA $1,294,250 Raleigh, NC $272,305 Seattle WA $684,426 Gainesville, FL $239,553 Boston, MA $628,550 Savannah, GA $223,534 Miami, FL $327,239 Charlotte, NC $211,829 Charleston, SC $317,368 Atlanta, GA $209,752 Tampa, FL $296,076 Louisville, KY $208,164 Virginia Beach, VA $276,092 Nashville, TN $198,095 Savannah, GA $223,534 Tallahassee, FL $190,688 Chicago, IL $219,172 Columbus, GA $173,383 Jacksonville, FL $185,585 Source: Coldwell Banker "Home Listing Report" NOTE: Comparable subject homes are four-bedroom, two-bath properties on www.coldwellbanker.com listed between January 2014 and June 2014. Retrieved at http://hlr.coldwellbanker.com 11/12/2014 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Number of Homes Sold Residen=al Sales in Chatham County Up to $99,999 $100k $199,999 $200k $299,999 $300k $499,999 $500,000 & Up

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