43
Savannah Area Chamber of Commerce
2018 Economic Trends
19
Real Estate
Residential
Total qualified home sales, including single family homes, townhouses, 2-4 units, and condominiums in Chatham
County declined 11% in 2017 to a total of 4,184 homes as compared to 4,728 in 2016. The average sale price in a
qualified home transaction in Chatham County was $244,735, an increase of 2.2% as compared to the 2016 average
of $239,533.
Source: Chatham County Board of Assessors. Only qualified sales were utilized. Retrieved 1/2018.
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 (#1,503 of
2,168) according to the markets tracked in the Coldwell Banker "Home Listing Report." Within Georgia, Savannah
ranks above average in 23
rd
position of the 88 markets tracked in Georgia.
Home Price Comparisons, 2015
Metropolitan Areas Port Cities
Denver, CO $610,773 San Francisco, CA $1,672,100
Raleigh, NC $290,972 Seattle WA $726,159
Nashville, TN $290,785 Boston, MA $633,481
Gainesville, FL $258,300 Miami, FL $393,824
Charlotte, NC $257,121 Charleston, SC $369,031
Atlanta, GA $242,550 Tampa, FL $299,579
Savannah, GA $226,624 Virginia Beach, VA $295,065
Tallahassee, FL $213,991 Chicago, IL $282,975
Louisville, KY $201,967 Savannah, GA $226,624
Columbus, GA $155,851 Jacksonville, FL $209,507
Source: Coldwell Banker "Home Listing Report, 2015" NOTE: Comparable subject homes are four-bedroom, two-bath properties on
www.coldwellbanker.com. Coldwell Banker did not produce the report in 2017, but expects to release the report again in 2018.
