A total of 38 homes sold for over one million dollar in Savannah for the month of May, ranging in price from $1,049,000 to $3,335,863. Here are some highlights.
The most expensive home that sold was at 420 George Meyer Avenue in Savannah’s Eastern Wharf, a five bedroom, five bath waterfront spec home home with 4,491 square feet. The home was on the market for 165 days. It was also the highest price per square foot at a whopping $742.79.
The longest number of days on market for a home that sold last month was 308 days for the home at 18 Modena Island Road. It sold for $975,000, a significant discount from the list price of $1,250,000. The shortest number of days on market was zero. That honor went to 22 Hobcaw Lane at The Landings, a new construction home that sold for $1,500,000, one thousand dollars over asking price.
Here is some other interesting data for the month of May in Savannah Real Estate.
- Average Square Footage: 3,858
- Average Sales Price: $1,547,143.41
- Average Sales Price Per Square Foot: $399.86
- Average Days on Market: 58
- Average Sales price was 95% of the list price
- Zip Code with the most sales over $1M: 31411 (18)
Feel free to contact me if you have any questions about this data or need information on your specific property.
