Savannah Real Estate Market Update – December 2017

Each month, we provide the latest  Savannah real estate market statistics based on data from the Savannah Board of Realtors. These statistics show a month by month comparison of the Savannah market. These stats are intended to help you can make an informed decision about the Savannah real estate market before you buy or sell a home in the Savannah area. Request a market snapshot for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

These statistics are for Residential homes across the entire Savannah MLS.  If you would like similar statistics for a specific area, property type or price range, please complete our Market Analysis Request Form and tell us how we can help. We can provide real estate market statistics for specific regions around Chatham, Effingham or Bryan County.

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Savannah Real Estate Market Snapshot

December 2017 vs December 2016 – All Home Sales

  • 560– Homes sold, 38 more than December 2016
  • $241,272 – Average sale price, $18,981 more than December 2016
  • 95 – Average number of days homes spent on the market, 5 days less than December 2016
  • 114 – New construction homes sold
  • 2662 – Active home listings on the market
  • 4.75 – Months of inventory
  • $135,112,163 – Total dollar volume of residential properties sold

November 2017 vs November 2016 – All Home Sales

  • 565 – Homes sold, 139 more than November 2016
  • $243,365 – Average sale price, $9,641 more than October 2016
  • 94 – Average number of days homes spent on the market, 17 days less than November 2016
  • 118 – New construction homes sold
  • 2779 – Active home listings on the market
  • 4.92 – Months of inventory
  • $137,501,078 – Total dollar volume of residential properties sold

October 2017 vs October 2016 – All Home Sales

  • 555 – Homes sold, 76 more than October 2016
  • $239,032 – Average sale price, $9,413 less than October 2016
  • 100 – Average number of days homes spent on the market, 3 days less than October 2016
  • 106 – New construction homes sold
  • 2842 – Active home listings on the market
  • 5.12 – Months of inventory
  • $132,662,772 – Total dollar volume of residential properties sold

September 2017 vs September 2016 – All Home Sales

  • 549 – Homes sold, 54 less than September 2016
  • $234,989 – Average sale price, $7,638 more than September 2016
  • 87 – Average number of days homes spent on the market, 18 days less than September 2016
  • 98 – New construction homes sold
  • 2861 – Active home listings on the market
  • 5.21 – Months of inventory
  • $129,009,200 – Total dollar volume of residential properties sold

August 2017 vs August 2016 – All Home Sales

  • 681 – Homes sold, 43 more than August 2016
  • $234,062 – Average sale price, $4,254 less than August 2016
  • 93 – Average number of days homes spent on the market, 2 days more than August 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.42 – Months of inventory
  • $159,396,314 – Total dollar volume of residential properties sold

July 2017 vs July 2016 – All Home Sales

  • 681 – Homes sold, 73 more than July 2016
  • $227,766 – Average sale price, $11,518 less than July 2016
  • 83 – Average number of days homes spent on the market, 27 days less than July 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.45 – Months of inventory
  • $155,108,526 – Total dollar volume of residential properties sold

June 2017 vs June 2016 – All Home Sales

  • 785 – Homes sold, 60 more than June 2016
  • $250,038 – Average sale price, $4,529 more than June 2016
  • 111 – Average number of days homes spent on the market, 6 days more than June 2016
  • 142 – New construction homes sold
  • 3129 – Active home listings on the market
  • 3.99 – Months of inventory
  • $196,279,852 – Total dollar volume of residential properties sold

May 2017 vs May 2016 – All Home Sales

  • 784 – Homes sold, 115 more than May 2016
  • $242,408 – Average sale price, $1,421 more than May 2016
  • 104 – Average number of days homes spent on the market, 6 days more than May 2016
  • 163 – New construction homes sold
  • 3139 – Active home listings on the market
  • 4.00 – Months of inventory
  • $190,047,508 – Total dollar volume of residential properties sold

April 2017 vs April 2016 – All Home Sales

  • 619 – Homes sold, 88 more than April 2016
  • $237,166 – Average sale price, $3,546 less than April 2016
  • 100 – Average number of days homes spent on the market, 15 days less than April 2016
  • 124 – New construction homes sold
  • 3153 – Active home listings on the market
  • 5.09 – Months of inventory
  • $146,805,713 – Total dollar volume of residential properties sold

March 2017 vs March 2016 – All Home Sales

  • 644 – Homes sold, 81 more than March 2016
  • $239,290 – Average sale price, $24,623 more than March 2016
  • 121 – Average number of days homes spent on the market, 10 days more than March 2016
  • 114 – New construction homes sold
  • 3212 – Active home listings on the market
  • 4.99 – Months of inventory
  • $154,102,980 – Total dollar volume of residential properties sold

February 2017 vs February 2016 – All Home Sales

  • 468 – Homes sold, 31 more than February 2016
  • $225,495 – Average sale price, $7,953 more than February 2016
  • 120 – Average number of days homes spent on the market, 9 days more than February 2016
  • 98 – New construction homes sold
  • 3054 – Active home listings on the market
  • 6.53 – Months of inventory
  • $105,531,507 – Total dollar volume of residential properties sold

January 2017 vs January 2016 – All Home Sales

  • 404 – Homes sold, 57 more than January 2016
  • $228,436 – Average sale price, $6,079 less than January 2016
  • 119 – Average number of days homes spent on the market, 7 days more than January 2016
  • 64 – New construction homes sold
  • 2978 – Active home listings on the market
  • 7.37 – Months of inventory
  • $92,287,961 – Total dollar volume of residential properties sold

See previous year’s comparison

If you are looking for an agent who knows all about the Savannah area market, contact Lufburrow Realty today at (912) 355-6562.


Savannah Events Calendar – January 2018

  • Tybee Polar Plunge
    Date: January 1, 2018
    Time: 11 am
    Location: Tybee Pier and Pavillion

Join thousands of brave souls and take the plunge into the brisk Atlantic Ocean at 12 noon on New Year’s Day.  It’s a great way for the ENTIRE FAMILY to start off the New Year! Registration comes with a souvenir long-sleeve 2018 Tybee Polar Plunge T-shirt! The fun kicks off with the legendary Gang of Goofs costume contest and parade on the Tybee island Pier and Pavilion at 11 am! So gather up your gang of goofy friends and family, dream up your wackiest costumes and compete for great cash prizes!

The Savannah Tire Hockey Classic is a collegiate hockey tournament that features four of the South’s most exciting hockey programs: University of Georgia, University of Florida, Georgia Tech and Florida State.

Join us at the The Kimpton Brice Hotel at 2 p.m. to pick up a Savannah Art Walk (SAW) map and meet some of our fabulous artists! Then at 3 p.m. we invite you to explore the wonderful galleries in downtown Savannah that are participating in our event. At 6 p.m. join us at the The DeSoto for our After-Party, where we will have our art raffle!

With hundreds on entries, this parade is a showcase for organizations wishing to express thanks and remembrance of the life and works of Rev. Dr. Martin Luther King, Jr.

Comprised of innovative digital artworks, projection performances, and engaging family programs, the 12th annual PULSE Art + Technology Festival has something for art and tech lovers of all ages. This year’s featured exhibition – Radiance, is an immersive site-specific installation that creates a luminous environment based on the concepts of sacred geometry and vibrant matter. Women in the engineering and technology industry will also be highlighted with a film screening followed by presentations from local women in both fields. Visitors can also expect a variety of new interactive creations that allow them to fly over landscapes, practice survival in high water level situations, as well as evening performances by festival mainstays the Medeology Collective and Alessandro Imperato.

Registration closes Jan 15. The University of Georgia Marine Extension and Georgia Sea Grant will host a Youth Ocean Conservation Summit (YOCS) for students grades 7-12. This event will allow student participants to:

  • Learn about current ocean conservation topics includingmarine debris, habitat restoration and citizen science.
  • Brainstorm and develop community project plans addressing ocean conservation.
  • Attend skill-building workshops such as fundraising, social networking and leadership training to promote project success.
  • Connect and network with other interested students and professionals.

 


Tips for Buying a Home in Historic Savannah

Savannah Georgia's Isle Of HopeWith its gorgeous architecture (largely untouched by the Civil War), shaded cobblestone streets, and unique layout around 24 squares, Historic Savannah is a neighborhood unlike any other in America. Admittedly, it’s also one of Savannah’s most coveted neighborhoods for these and other reasons. That said, given the age of so many of the buildings here and the property values, if you’re thinking of buying a home here, you want to go into the process well informed and with your eyes open. Here are some common-sense tips for buying a home in Historic Savannah.

Determine your budget

Historic homes are rich in charm, but they can also be costly to maintain—and with property values spiking in this neighborhood, you can expect to pay a healthy investment for most properties here, anywhere from the mid-$300s for a “fixer-upper” to upwards of $3 million for a larger restored home on the more popular streets.

You’ll need to evaluate not just how much home you can afford now, but how much you are willing to invest going forward. Restored homes cost more upfront but may require fewer maintenance costs for at least a few years. Homes in need of repair are more affordable but will likely require an ongoing financial commitment. Prepare yourself financially so you won’t be caught off guard.

Don’t forget the property inspection

No matter how a particular home wows you, always get a thorough home inspection done before signing on the dotted line. Older homes can be full of unexpected and unwanted surprises. Not all are deal-breakers, of course, but you want to go into the deal with your eyes open. Remember, if a home has problems, they become your problems as soon as you close on it. Make sure you hire a reliable inspector, and make sure you’re okay with what he/she finds. If not, negotiate a solution with the owner or keep looking.

These cautions aside, Historic Savannah is a neighborhood filled with beauty, charm and history — all great reasons why so many people are clamoring to live here. Once you’ve counted the cost and are satisfied with the home inspection, you’ll be well on your way to enjoying all that this amazing neighborhood has to offer. To learn more, call Lufburrow Realty at (912) 355-6562.

Click here to view available properties in Historic Savannah.


Forsyth Park in Savannah, GA

Explore the Historic Squares and Parks of Savannah, Georgia

Among the greatest and most popular features of our city are its green spaces, most of which date back as early as the city itself. The many historic squares and parks of Savannah, Georgia have been delighting residents and visitors alike for centuries, since before the dawn of the United States itself. Today, the original squares remain as some of the most significant features of Historic Savannah. Let’s explore the history of some of these squares, as well as some of the larger historic parks of our great city.

History of the Savannah Squares

Savannah was established in the 1730s by James Oglethorpe, the founder of the colony of Georgia. The city was laid out according to a plan for community development devised by Oglethorpe himself based on Enlightenment-era philosophies — a concept now called the Oglethorpe Plan. Savannah was first built around four squares, each square anchoring an eight-block ward surrounding it. As Savannah expanded, more squares were added, reaching a total of 24 squares by 1851. (Thirty-three squares were originally envisioned.)

Over the years, much has been done to preserve the history and civic pride around the squares, but not with complete success. Over time, three of the 24 squares were bulldozed for development, but one of them — Ellis Square — was reclaimed and improved in 2010. Today, Savannah residents and visitors enjoy the 22 remaining squares, along with the towering oaks and many of the original historic churches, inns and residences surrounding them.

Chippewa Square, Savannah

The Squares Today

Each square in Historic Savannah is individually named and carries its own historical significance. There are too many to cover here, but let’s explore a few of the more notable ones:

  • Chippewa Square: Perhaps the best known of the squares, Chippewa sits at the corner of Bull and McDonough Streets surrounded by historic ice cream parlors, eateries, and theatres, while a statue of Oglethorpe himself surveys the surroundings. The famed recurring park bench scene from Forrest Gump was filmed on the north side of the square.
  • Johnson Square: Savannah’s first and largest square, Johnson Square sits in the heart of historic downtown, surrounded by City Hall, Christ Episcopal Church and several other gorgeous historic buildings.
  • Madison Square: Named for President James Madison, this square sits at the corner of Bull and Macon Streets surrounded by some fantastic shops and restaurants. Besides the historic cannons resting in the park, ghost hunting enthusiasts will enjoy this square’s haunted history.
  • Ellis Square: Located at the corner of Barnard and Saint Julian Streets, Ellis is one of the lost squares that was recently reclaimed and redeveloped. Today it sits adjacent to the highly popular City Market, filled with shops and restaurants.

Forsyth ParkForsyth Park

Located at the southern end of the Historic District between Whittaker and Drayton Streets, Forsyth Park is the largest, oldest and most popular city park in Historic Savannah. Named after Georgia’s 33rd Governor, John Forsyth (who donated two-thirds of the land), the 30-acre park remains a central point for community activity from outdoor sports to concerts and more.

One of the most notable and most photographed landmarks of the park is the fountain on the north end, patterned in the European style after similar fountains in Paris. Be sure to check out the sprawling Farmer’s Market that sets up in the park each Saturday.

Emmet Park

Located on a bluff overlooking the Savannah River, this historic park honors the heritage of the Irish laborers who once worked on the docks and lived in the wards nearby. Today, it’s a quiet place to reflect and enjoy several historic landmarks and points of interest, including the Harbor Light (installed to guide boats around sunken ships in the river from Revolutionary War days), the Celtic Cross, and the Vietnam Veterans Memorial.

With the community’s commitment to preserve its dozens of squares and green spaces for residents and visitors to enjoy, it’s little wonder that Historic Savannah remains one of the city’s most coveted neighborhoods. If you’re interested in buying a home here, the local experts at Lufburrow Realty can help guide you to the perfect Savannah home for you! To find out more, give us a call at (912) 355-6562.

Click here to view available properties in Savannah’s Historic District.


Savannah Real Estate Market Update – November 2017

Each month, we provide the latest  Savannah real estate market statistics based on data from the Savannah Board of Realtors. These statistics show a month by month comparison of the Savannah market. These stats are intended to help you can make an informed decision about the Savannah real estate market before you buy or sell a home in the Savannah area. Request a market snapshot for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

These statistics are for Residential homes across the entire Savannah MLS.  If you would like similar statistics for a specific area, property type or price range, please complete our Market Analysis Request Form and tell us how we can help. We can provide real estate market statistics for specific regions around Chatham, Effingham or Bryan County.

Click Here for Printer Friendly Version

Savannah Real Estate Market Snapshot

November 2017 vs November 2016 – All Home Sales

  • 565 – Homes sold, 139 more than November 2016
  • $243,365 – Average sale price, $9,641 more than October 2016
  • 94 – Average number of days homes spent on the market, 17 days less than November 2016
  • 118 – New construction homes sold
  • 2779 – Active home listings on the market
  • 4.92 – Months of inventory
  • $137,501,078 – Total dollar volume of residential properties sold

October 2017 vs October 2016 – All Home Sales

  • 555 – Homes sold, 76 more than October 2016
  • $239,032 – Average sale price, $9,413 less than October 2016
  • 100 – Average number of days homes spent on the market, 3 days less than October 2016
  • 106 – New construction homes sold
  • 2842 – Active home listings on the market
  • 5.12 – Months of inventory
  • $132,662,772 – Total dollar volume of residential properties sold

September 2017 vs September 2016 – All Home Sales

  • 549 – Homes sold, 54 less than September 2016
  • $234,989 – Average sale price, $7,638 more than September 2016
  • 87 – Average number of days homes spent on the market, 18 days less than September 2016
  • 98 – New construction homes sold
  • 2861 – Active home listings on the market
  • 5.21 – Months of inventory
  • $129,009,200 – Total dollar volume of residential properties sold

August 2017 vs August 2016 – All Home Sales

  • 681 – Homes sold, 43 more than August 2016
  • $234,062 – Average sale price, $4,254 less than August 2016
  • 93 – Average number of days homes spent on the market, 2 days more than August 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.42 – Months of inventory
  • $159,396,314 – Total dollar volume of residential properties sold

July 2017 vs July 2016 – All Home Sales

  • 681 – Homes sold, 73 more than July 2016
  • $227,766 – Average sale price, $11,518 less than July 2016
  • 83 – Average number of days homes spent on the market, 27 days less than July 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.45 – Months of inventory
  • $155,108,526 – Total dollar volume of residential properties sold

June 2017 vs June 2016 – All Home Sales

  • 785 – Homes sold, 60 more than June 2016
  • $250,038 – Average sale price, $4,529 more than June 2016
  • 111 – Average number of days homes spent on the market, 6 days more than June 2016
  • 142 – New construction homes sold
  • 3129 – Active home listings on the market
  • 3.99 – Months of inventory
  • $196,279,852 – Total dollar volume of residential properties sold

May 2017 vs May 2016 – All Home Sales

  • 784 – Homes sold, 115 more than May 2016
  • $242,408 – Average sale price, $1,421 more than May 2016
  • 104 – Average number of days homes spent on the market, 6 days more than May 2016
  • 163 – New construction homes sold
  • 3139 – Active home listings on the market
  • 4.00 – Months of inventory
  • $190,047,508 – Total dollar volume of residential properties sold

April 2017 vs April 2016 – All Home Sales

  • 619 – Homes sold, 88 more than April 2016
  • $237,166 – Average sale price, $3,546 less than April 2016
  • 100 – Average number of days homes spent on the market, 15 days less than April 2016
  • 124 – New construction homes sold
  • 3153 – Active home listings on the market
  • 5.09 – Months of inventory
  • $146,805,713 – Total dollar volume of residential properties sold

March 2017 vs March 2016 – All Home Sales

  • 644 – Homes sold, 81 more than March 2016
  • $239,290 – Average sale price, $24,623 more than March 2016
  • 121 – Average number of days homes spent on the market, 10 days more than March 2016
  • 114 – New construction homes sold
  • 3212 – Active home listings on the market
  • 4.99 – Months of inventory
  • $154,102,980 – Total dollar volume of residential properties sold

February 2017 vs February 2016 – All Home Sales

  • 468 – Homes sold, 31 more than February 2016
  • $225,495 – Average sale price, $7,953 more than February 2016
  • 120 – Average number of days homes spent on the market, 9 days more than February 2016
  • 98 – New construction homes sold
  • 3054 – Active home listings on the market
  • 6.53 – Months of inventory
  • $105,531,507 – Total dollar volume of residential properties sold

January 2017 vs January 2016 – All Home Sales

  • 404 – Homes sold, 57 more than January 2016
  • $228,436 – Average sale price, $6,079 less than January 2016
  • 119 – Average number of days homes spent on the market, 7 days more than January 2016
  • 64 – New construction homes sold
  • 2978 – Active home listings on the market
  • 7.37 – Months of inventory
  • $92,287,961 – Total dollar volume of residential properties sold

See previous year’s comparison

If you are looking for an agent who knows all about the Savannah area market, contact Lufburrow Realty today at (912) 355-6562.


The Landings - Savannah

Why The Landings is Called Savannah’s ‘Best Community’

When you ask a local resident about Savannah’s finest and most coveted neighborhoods, The Landings will almost always come up. In fact, Real Estate Scorecard’s annual Bliss Awards recently named The Landings as “The Best Georgia Community of the Year.” What makes this 4500-acre community on Skidaway Island so special? Why is The Landings repeatedly referred to as Savannah’s best community? There’s quite a few reasons, which we’ve outlined below.

The scenery

For most people, coastal living begins and ends with the scenery. Strategically located, The Landings has anything and everything you could ask for in that department. Pristine beaches, serene marshlands, shady trees covered in Spanish moss, gorgeous waterways—there’s barely a home site in this community that doesn’t have a terrific view. This feature alone makes The Landings a wonderful place to come home to — or indeed, never to leave.

The amenities

The LandingsFor decades, The Landings community has been known for its world-class resort amenities. All residents enjoy access to a vast network of parks, 30 miles of jogging/walking trails, a 2-acre community farm, two deep water marinas and a calendar full of neighborhood group activities. For a true resort experience, residents also have the opportunity to become members of The Landings Club, a luxury golf club featuring championship courses, fine clubhouse dining, three tennis centers with 32 courts, and a wealth of year-round wellness and fitness opportunities.

Convenience to Savannah

This community is quiet and serene, but not isolated. Historic Savannah is only about a 10-minute drive from here, giving residents access to all the great shopping, dining and nightlife of this vibrant downtown. Most points of Savannah proper are less than a half-hour’s drive, making The Landings a perfect option for commuters.

Homes for many budgets

Despite its world-class list of amenities, The Landings is not exclusive to the wealthy, making it truly unique. In fact, available homes in this subdivision span a large range of price points, making it accessible to individuals and families of many budgets. While there is certainly no shortage of homes in the $1 million-plus range, The Landings has plenty of very comfortable homes starting as low as the $200s upward. Island living is more affordable than you think!

Click here to view available properties in The Landings.

Between its gorgeous views, amazing features and convenience to the city, it’s little wonder that The Landings is called Savannah’s best community. If you’d like to look at available homes here, we’d love to help! Give Luffburrow Realty a call today at (912) 355-6562.


Dutch Island

Dutch Island Offers Natural Coastal Real Estate in Savannah

Located along the Intercoastal Waterway about 20 minutes from Savannah’s historic downtown, the community of Dutch Island offers natural coastal real estate in Savannah with a beauty and charm all its own. Once a plantation, then the site of a failed airplane factory, Dutch Island today is a residential haven for those who prefer the quiet, serene coastal lifestyle.

About Dutch Island

Dutch IslandDutch Island’s history goes back to colonial times, when King George III granted Peter Radick a 30-acre plot to build his plantation. For many decades, only a handful of such plantations existed on this 500-square-acre island until the early 1900s, at the dawn of flight, when an ambitious entrepreneur built an airplane factory here with dreams of building a cross-Atlantic aircraft. Several failures and a lawsuit later, the factory burned to the ground, and Dutch Island fell into obscurity until the late 1960s, when a company first envisioned the island as a place for upscale residential coastal development preserving the natural ecology. Today, Dutch Island is just that: A quiet gated community of 480 homes set on large lots, where residents enjoy a relaxed pace of living in harmony with their natural surroundings.

Amenities on Dutch Island

While quiet and serene, Dutch Island is by no means isolated or lonely. A tight-knit community of more than 1,100 people live in this neighborhood, enjoying a number of amenities such as a swimming pool, playgrounds, sports courts, a pier/boat dock and a number of gorgeous lagoons and ponds throughout the property. With Savannah proper located just a 20-minute drive inland, Dutch Island is also a perfect destination for commuters.

Homes on Dutch Island

Homes in this community are built in a variety of traditional styles — generally 3-5 bedrooms on large lots that preserve much of the natural beauty. Despite the location, amenities and overall desirability of this exclusive community, home prices in Dutch Island are more affordable than comparable coastal locations. The median home values here are approximately $480,000, with home values appreciating approximately 5 percent over the past year. Listings range generally from the high $300s to the high $500, with some estate homes exceeding $1 million.

Click here to view available properties in Dutch Island.

Having been in the Savannah real estate business for nearly a century, Lufburrow Realty agents are local experts and can help you find your perfect home in Dutch Island. To learn more, call us today at (912) 355-6562.


Savannah Events Calendar – December 2017

 

 

Get into the holiday spirit with a holiday celebration on River Street. Rousakis Plaza will be full of regional arts & crafts exhibitors with holiday gifts and stocking stuffers to check off of your Christmas list. Music and local entertainment will take place on the Arbor Stage all weekend long. Don’t miss Savannah’s Lighted Christmas Parade, which marks the official arrival of St. Nick. This is one event you don’t want to miss. Weekend festivities are free and open to the public.

Savannah’s beautiful spirit becomes even more exquisite during the holiday season, and City Market is no exception. Stroll in the flickering light of 500+ luminaria lining our two-block courtyard, serenaded by Christmas carolers. Drop in for treats in City Market shops and watch for a glimpse of Father Christmas.

You are invited to partake in the festive Island spirit as Mayor Buelterman lights the Christmas tree at the Roundabout. F

ollowing the lighting ceremony, the choir – led by performers with the Tybee Arts Performing Society will lead you from the tree to the steps of Historic Carbo House for holiday entertainment and good ole’ fashioned singalongs.

 

Ready, set, GO! Take a single trip over Savannah’s Talmadge Bridge. The race starts on Hutchinson Island so participants can either park at the Trade Center, ride the water ferry, or take our complimentary trolley shuttle from the Civic Center parking lot. Once you finish, celebrate on Broughton St. at our Michelob Ultra Post-Race Party, presented by Host South.

Make ornaments! Decorate cookies! Get Grinched (with hair and makeup)! Meet Father Christmas and take a Cinderella carriage tour. All of this, plus face painting, choir music and more add up to a day of fun the whole family can truly enjoy.

The holiday season is a special time of year on Tybee and this parade has become a tradition that highlights the small town charm you only find here. The parade begins at 1:00pm from the 14th Street parking lot (behind Hotel Tybee) and travels up Tybrisa to Butler Avenue then to the Tybee Gym where children will have photo time with Santa! The Tybee YMCA will have surprises for all to enjoy at the gym.

The Merchants’ around Wright Square stay open late for locals and tourists alike to come out and shop in a festive holiday environment. Many shops will have treats and specials this night as well. A great chance to support local owned shops while having a wonderful time around Wright Square.

It’s that special time of year, and the Savannah Philharmonic Orchestra and Chorus will joyously perform classical gems and holiday favorites sure to get you in the spirit of the season. ATC Gold Medalist Julie Benko, the featured soloist, will wow you with her vocal virtuosity. It’s a performance not to be missed! For families, especially with younger children, our one-hour Holiday Pops Family Matinee is a must! The kids will hear the Savannah Children’s Choir along with the Savannah Philharmonic Orchestra, and there will be opportunities to sing along, clap along, and be a part of all the fun. Keep your eyes out for Santa!

  • Holiday Tour of Homes
    Date: December 9, 2017
    Time: 10 am
    Location: Bryson Hall – 5 East Perry Street

Savannah’s Holiday Tour of Homes features exquisite architecture, beautiful furnishings, and gracious hospitality. This intimate tour experience allows guests to look “behind the doors” at some of Savannah’s most beautiful private residences, festively decorated Historic Inns and culturally significant Museum homes.

  • Skatefest
    Date: December 9, 2017 – January 1, 2018
    Time: Varies
    Location: Savannah Civic Center

Skatefest returns to the Savannah Civic Center this holiday season for endless family fun! This annual ice skating event offers guests the opportunity to zip around the festive indoor ice rink. Individual skating sessions, and Skatefest Punch Passes are available for purchase at the Savannah Civic Center.

  • New Year’s Eve Fireworks on Tybee
    Date: December 31, 2017
    Time: 12 am
    Location: Tybee Pier

Ring in the New Year with a bang! Enjoy the largest New Year’s Eve fireworks show in the Southeastern U.S. as it launches from the Tybee Pier at the stroke of midnight. You can watch the fireworks from any of Tybee’s eastern beaches. It promises to be spectacular!

Every New Year’s Eve, City Market becomes Savannah’s “celebration central” – and this year promises to be better than ever. Live outdoor music continues throughout the evening and restaurants are open to help you celebrate. Drop in and stroll through the market all evening long. (Restaurants, of course, require New Year’s Eve reservations.) Join us to kick off your best New Year yet.

Raise a toast to the New Year in true Savannah-Style at the Savannah Waterfront Association’s 4th Annual “Up the Cup” Countdown. Don’t miss out on a digital light show, countdown clock, and a non-traditional “ball drop” with a Savannah twist! Countdown the final seconds of 2016 as we raise (not drop!) our six foot to-go cup to the New Year! The “Up the Cup” countdown will start right before midnight followed by a firework display to officially ring in 2017!


When Is the Best Time To Buy Real Estate in Savannah, Georgia?

If you’re looking to purchase property, you naturally want to get the best deal you can get—so when is the best time to buy real estate in Savannah, Georgia?

The answer is, it depends.

There’s an ongoing assumption among property buyers (and often propagated by real estate professionals) that the best time to buy is during the spring and early summer months, as the winter weather starts improving. The truth is, this is sort of a self-fulfilling myth. Because sellers believe this, they tend to list their properties for sale in the spring, which makes inventory go up. And because buyers believe it, spring is when they start looking.

But is this really the best time to buy real estate in Savannah?months

In reality, this springtime buying-selling boon has both positive and negative effects. On one hand, you’ll have more home listings to choose from in the spring and summer, and this puts more pressure on the sellers to compete price-wise. On the other hand, since more buyers are on the hunt, this makes the savvy seller realize that if you aren’t willing to pay the asking price, the next person might be. So these dynamics tend to cancel each other out, and the upshot is that spring is probably no better or worse a time of year to look for a home.

That being said, there may be specific times or seasons when it’s in your best interests to start looking for real estate—and that’s why we said, “It depends.” It depends on your goals and objectives. Here’s what we mean by that.

If Your Goal Is To Have More Selection…

If you’re looking primarily for your “dream home,” you probably want lots of homes from which to choose. If this is the case, then by all means you should house-hunt during the times of greatest inventory—and that will almost always be during the spring and summer. This gives you the best odds of finding a property that will tick all the boxes on your list, and depending on the market itself, you probably won’t pay that much more for it than at any other time of year.

If Your Goal Is To Get The Best Deal…

If you’re primarily shopping for price, you might be surprised at the best time to buy: December.

That’s right—do your house hunting in the dead of winter. Because sales tend to be lowest that time of year, sellers tend to be much more motivated to make a deal. On average, you’ll pay less per square foot in December than during any other month of the year—and the closer to Christmas, the better.

All presumptions aside, weather does play a role in when buyers are looking for homes, as well as when sellers are putting their homes on the market. But here in Savannah, where the weather is moderate most times of the year, it’s less of a factor than in other parts of the country. You’ll have more selection in the spring, and you’ll get slightly better prices in the winter, but the truth is, there’s never a “bad” time to buy real estate in Savannah, GA. If you need help narrowing the search, get in touch with one of our experienced real estate agents today!


Savannah Real Estate Market Update – October 2017

Each month, we provide the latest  Savannah real estate market statistics based on data from the Savannah Board of Realtors. These statistics show a month by month comparison of the Savannah market. These stats are intended to help you can make an informed decision about the Savannah real estate market before you buy or sell a home in the Savannah area. Request a market snapshot for a comprehensive analysis of your home’s value in today’s market, or call us for an analysis of comparable homes sold.

These statistics are for Residential homes across the entire Savannah MLS.  If you would like similar statistics for a specific area, property type or price range, please complete our Market Analysis Request Form and tell us how we can help. We can provide real estate market statistics for specific regions around Chatham, Effingham or Bryan County.

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Savannah Real Estate Market Snapshot

October 2017 vs October 2016 – All Home Sales

  • 555 – Homes sold, 76 more than October 2016
  • $239,032 – Average sale price, $9,413 less than October 2016
  • 100 – Average number of days homes spent on the market, 3 days less than October 2016
  • 106 – New construction homes sold
  • 2842 – Active home listings on the market
  • 5.12 – Months of inventory
  • $132,662,772 – Total dollar volume of residential properties sold

September 2017 vs September 2016 – All Home Sales

  • 549 – Homes sold, 54 less than September 2016
  • $234,989 – Average sale price, $7,638 more than September 2016
  • 87 – Average number of days homes spent on the market, 18 days less than September 2016
  • 98 – New construction homes sold
  • 2861 – Active home listings on the market
  • 5.21 – Months of inventory
  • $129,009,200 – Total dollar volume of residential properties sold

August 2017 vs August 2016 – All Home Sales

  • 681 – Homes sold, 43 more than August 2016
  • $234,062 – Average sale price, $4,254 less than August 2016
  • 93 – Average number of days homes spent on the market, 2 days more than August 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.42 – Months of inventory
  • $159,396,314 – Total dollar volume of residential properties sold

July 2017 vs July 2016 – All Home Sales

  • 681 – Homes sold, 73 more than July 2016
  • $227,766 – Average sale price, $11,518 less than July 2016
  • 83 – Average number of days homes spent on the market, 27 days less than July 2016
  • 99 – New construction homes sold
  • 3033 – Active home listings on the market
  • 4.45 – Months of inventory
  • $155,108,526 – Total dollar volume of residential properties sold

June 2017 vs June 2016 – All Home Sales

  • 785 – Homes sold, 60 more than June 2016
  • $250,038 – Average sale price, $4,529 more than June 2016
  • 111 – Average number of days homes spent on the market, 6 days more than June 2016
  • 142 – New construction homes sold
  • 3129 – Active home listings on the market
  • 3.99 – Months of inventory
  • $196,279,852 – Total dollar volume of residential properties sold

May 2017 vs May 2016 – All Home Sales

  • 784 – Homes sold, 115 more than May 2016
  • $242,408 – Average sale price, $1,421 more than May 2016
  • 104 – Average number of days homes spent on the market, 6 days more than May 2016
  • 163 – New construction homes sold
  • 3139 – Active home listings on the market
  • 4.00 – Months of inventory
  • $190,047,508 – Total dollar volume of residential properties sold

April 2017 vs April 2016 – All Home Sales

  • 619 – Homes sold, 88 more than April 2016
  • $237,166 – Average sale price, $3,546 less than April 2016
  • 100 – Average number of days homes spent on the market, 15 days less than April 2016
  • 124 – New construction homes sold
  • 3153 – Active home listings on the market
  • 5.09 – Months of inventory
  • $146,805,713 – Total dollar volume of residential properties sold

March 2017 vs March 2016 – All Home Sales

  • 644 – Homes sold, 81 more than March 2016
  • $239,290 – Average sale price, $24,623 more than March 2016
  • 121 – Average number of days homes spent on the market, 10 days more than March 2016
  • 114 – New construction homes sold
  • 3212 – Active home listings on the market
  • 4.99 – Months of inventory
  • $154,102,980 – Total dollar volume of residential properties sold

February 2017 vs February 2016 – All Home Sales

  • 468 – Homes sold, 31 more than February 2016
  • $225,495 – Average sale price, $7,953 more than February 2016
  • 120 – Average number of days homes spent on the market, 9 days more than February 2016
  • 98 – New construction homes sold
  • 3054 – Active home listings on the market
  • 6.53 – Months of inventory
  • $105,531,507 – Total dollar volume of residential properties sold

January 2017 vs January 2016 – All Home Sales

  • 404 – Homes sold, 57 more than January 2016
  • $228,436 – Average sale price, $6,079 less than January 2016
  • 119 – Average number of days homes spent on the market, 7 days more than January 2016
  • 64 – New construction homes sold
  • 2978 – Active home listings on the market
  • 7.37 – Months of inventory
  • $92,287,961 – Total dollar volume of residential properties sold

See previous year’s comparison

If you are looking for an agent who knows all about the Savannah area market, contact Lufburrow Realty today at (912) 355-6562.