Savannah Chamber

39 Savannah Area Chamber of Commerce 2016 Economic Trends 19 Real Estate Residential The recovery of total qualified home sales continued in 2015, extending the gains first emerging in 2012. In 2014, a total of 3,720 homes sold as compared to 3,518 in 2013. Through October of 2015, 2,344 homes were sold which projects to approximately 4,453 sales for the year, a gain of 20%. The average qualified home sale price in Chatham County through October was $230,176 in 2014 and $238,904 in 2015, an increase of about 3.8%. Source: Chatham County Board of Assessors. Only qualified sales were utilized. Retrieved 12/2/2015. *Projection for 2015 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-half in the nation (#1,515 of 2,722) according to the markets tracked in the Coldwell Banker "Home Listing Report." Within Georgia, Savannah ranks above average in 11 th position of the 96 markets tracked in Georgia. Home Price Comparisons, 2015 Metropolitan Areas Port Cities Denver, CO $542,575 San Francisco, CA $1,360,189 Raleigh, NC $284,791 Seattle WA $674,309 Gainesville, FL $254,014 Boston, MA $609,704 Savannah, GA $245,491 Miami, FL $353,667 Charlotte, NC $242,371 Charleston, SC $336,138 Atlanta, GA $207,491 Tampa, FL $276,055 Louisville, KY $221,221 Virginia Beach, VA $302,853 Nashville, TN $284,395 Savannah, GA $245,491 Tallahassee, FL $207,346 Chicago, IL $257,159 Columbus, GA $159,588 Jacksonville, FL $191,370 Source: Coldwell Banker "Home Listing Report" NOTE: Comparable subject homes are four-bedroom, two-bath properties on www.coldwellbanker.com listed between January 2015 and June 2015. Retrieved at http://hlr.coldwellbanker.com 12/2/2015. 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 Number of Homes Sold Residen2al Sales in Chatham County Up to $99,999 $100k $199,999 $200k $299,999 $300k $499,999 $500,000 & Up

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