market report

Pooler GA Market Reports and Housing Stats

March 17, 2015 by Helen Miltiades

Market Stats and Reports for Pooler GA March 2015

We are winding down with winter this week and as we headed to spring and summer for those of you planning on listing and selling your property this year, here are some specifics to be aware of in market reports and trends for Pooler.

Whether you are buying or selling, knowing the property values, how long homes are on the market and the average and median list price is crucial to make a smart buying or selling decision.

The average listing price for Pooler Georgia is currently $248,000. This is down about 9% over where it was last year, which is good news for homebuyers not so good for sellers. The median sales price is about $177,000. The average price per square foot is currently $94, which is roughly the same as where it was last year at this time.

The average home price for Pooler is $264,000 with the average sold price of $188,000.

There are currently about 310 properties for sale with 150 recently sold within the last 30 days. There have been 36 new listings in the last 30 days and 106 properties listed for sale have had price reductions.

Comparing Pooler to the rest of Georgia, the average home price in Georgia is $118,000 but the average sales price is $220,000, up about 25% over Pooler’s average sales price of $188,000.

With home prices being as low as they are, investors tend to snatch up properties for either a quick flip or monthly cash flow income. The average rent price is about $1499 per month with more emphasis on three and four bedroom rentals than one or five-bedroom. The average two-bedroom rental is about $1000, whereas Chatham County’s average is $1250 and Georgia averages $968.

In general, Pooler’s population is at 3.3% over last year with unemployment rates relatively the same at 7.5%.

Top public and private schools continue to be Pooler Elementary school and West Chatham Elementary School, the Godley Station Middle School and the Savannah Adventist Christian School.

For more information about listing your Pooler home or real estate, please contact me today. With some research we can determine what your Pooler property could be worth and how quickly it could sell.

Pooler GA Real Estate Market Report June 2014

July 2, 2014 by Helen Miltiades

Pooler GA Real Estate Market Report June 2014

Pooler Georgia is located just outside Savannah and is a great location for residential neighborhoods and communities, especially those that commute to Savannah for work.

Knowing property values and home prices can help you make a wise financial decision if you’re moving from or to the city of Pooler.

Currently there are about 690 properties for sale within Pooler, which include manufactured homes, land, condominiums and single-family residences. These homes are priced from $20,000-$7 million for land or lot parcels. The highest single family home is currently at $1,895,000. The highest income or investment property is priced at $2.2 million on Canal Street and the highest priced property at $7,125,000 is a parcel of land on Old Louisville Road.

According to Movoto.com the median list price is currently $179,900, which is up 6% over last year at this time. Last year’s price in June was $169,500. Distressed homes are down to 4% over last year’s 10% in the median days on the market are currently sitting at 47. This is about 8% down over last month and last year, which was between 51 and 52 days for average time on market. The median house size for Pooler Georgia is 1940 ft.², which is up 21% over last year’s median house size at 1604 ft.².

According to Trulia, the average listing price is currently $223,000, down nearly 4% over last month and the median sales price comes in at 6.5% lower than it was last year at $169,000.

Price per square foot is something that all buyers should pay attention to so that they know whether they are overpaying or underpaying for property. Currently the average price per square foot is $90.

Why is all this important?

If you are a seller or you’re considering selling its good to know what the average and median home prices and selling prices are in the Pooler area. It helps to know whether you’re underwater in your mortgage or if you are set to make a profit if you currently sold. Would you like more specifics on your particular home in Pooler Georgia? Feel free to give me a call or send me an email with some basics on your home and I would be happy to offer current home values and what you might be able to get out of your property.

Savannah GA Real Estate Market Report

January 30, 2014 by Helen Miltiades

Savannah GA Real Estate Market Report Dec 2013 / Jan 2014

Savannah Georgia is seeing a great increase in home prices and market values across the board, similar with the many markets throughout the country. Currently, as of the publishing of this post, there are about 3600 homes for sale including properties, condominiums and manufactured homes, throughout the Savannah real estate area.

These properties are priced from about $4000 for lots and parcels of land to $5,475,000 for the highest priced single-family home in Savannah and $19,950,000 as the highest priced property for lots and land on Fort Argyle Road.

Currently the average listing price is $320,000, which is down about 2.2% over last week. The median sales price is up nearly 2% over last year at this time of $166,000. Of those homes for sale of about 1400 are foreclosures, short sales and bank owned properties.

The average price per square foot has risen to $101 or 4.1% year-over-year.

According to Movoto – the median days on market are currently 118 as opposed to last year this time, which was 166 days on the market.

The more popular neighborhoods in Savannah according to local MLS and Trulia continue to be the North and South historical district, Windsor Forest, Live Oak and Midtown.

2013 proved to be one of the best years in the last five years for our market. The highest over the last 10 years was in 2007 at $208,000 as the median sales price. We had our lowest in 2011 and since then have increasingly gone up. The average price for a two bedroom is roughly $96,000; a three-bedroom is coming in at around $152,000; a four bedroom is roughly $294,000.

These are simply basic statistics for the area so to find out more information on your specific home in Savannah Georgia give me a call anytime. These numbers help buyers and sellers to not overpay and not overprice.