Archive for May, 2008

HGTV : My House Is Worth What? Appearance

Posted in Real Estate with tags , , , , , , on May 14, 2008 by Peter Nelsen

We have all been waiting for it and now the wait is finally over.  The producers of HGTV’s My House Is Worth What? Hosted by Kendra Todd have contacted me and I have confirmed on their website that I will be on my first of three episodes on May 25th, 2008 at 7:00 PM ET/PT.  Episode HHWW-803 is titled “Adding A Garage” although my segment features a home on Burnside Island built within the Johnny Mercer Estate.

I want to thank the amazing HD video crew of Christopher Buck of Buckshot Productions and Kerry Buck of Fly In Productions for their professionalism and their friendship.  If you ever need a production company please use one or both of these talented brothers.

Also, a big thank you to Pie Town Productions and their Segment Producers Nathan Grover and Field Producer Dominique Skamra for their excellent communication and this incredible opportunity.  Please feel free to comment on my HGTV premier on May 25th, 2008 at 7:00 PM ET!

Shoot Day for My House Is Worth What?

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Market Update : Ardsley Park and Historic Savannah

Posted in For Buyers, For Professionals, For Sellers, Real Estate, Uncategorized with tags , , , , on May 13, 2008 by Peter Nelsen

I hope everyone had  a good Mother’s Day, I know we did.  I thought I would update my market report from two weeks ago.  As of April 25th their were 9 sales in Ardsley Park, today there are 14 sold.  Then there were 9 properties under contract, today there are 7.  While these numbers are encouraging, they do fall short of the normal average of 10 homes per month and closer to the numbers from last year of 7.5 per month with a total of 7 homes sold in April.  With the inventory steady at 85 properties it is interesting to note that Cora Bett Thomas Realty has represented 4 of the 13 sales or over 30% of Sellers in this challenging market chose our company to get their homes sold ( 2 of them chose me and I was happy to get the job done. )

Let’s take a look at the Landmark Historic District.  The boundaries of this area are from the Savannah River in the North to Gwinnett Street to the South, and from East Broad Street to Martin Luther King Boulevard (West Broad Street) in the west.  Last year there were 130 sales in this area or 10.8 per month.  The good news is that although there are 31 sales so far in 2008, 15 of them were last month.  As I said two weeks ago the great deals have been snapped up and May will be another great month.  We have bounced off bottom in Savannah, the only question left is when will you get into the market?

Under Contract in the Historic District

  506 Tattnall Street — Under Contract

Cinco de Mayo Post

Posted in Family, Fatherhood with tags , , , , on May 5, 2008 by Peter Nelsen

Feliz Cinco de Mayo everyone!  In honor of our Mexican friends south of the border I took the day off…at 4:30 pm today.  Now, my family and I are enjoying a warm 85 degree afternoon in the back yard replete with carne asada (thinly sliced marinated meat, thanks Tomi for marinating) a cool corn salad and for Harper a piñata.

Savannah’s Hispanic population continues to grow as any contractors and yard maintenance companies continue to hire and train an eager work force from not only Mexico, but also the Dominican Republic and other Latin American countries.  The Spanish influence is present in Savannah, but not as prolific as it is in St. Augustine where it is said that Ponce de Leon found the legendary Fountain of Youth.  It is very sulphuric tasting but the gardens around it have the most beautiful flowers and peacocks.

Tomi and I went there for our first anniversary and enjoyed the Casa Monica hotel, owned by the Kessler’s who also own the Mansion on Forsyth and the soon to be opened Bohemian Hotel on Savannah’s River Street.

Well ¡Viva la Mejico! and the Spanish influence in all our lives.

Nextville: Savannah?

Posted in For Buyers, Real Estate with tags , , , , , on May 1, 2008 by Peter Nelsen

On Tuesday I caught just a little bit of the Today show interview with Barbara Corcoran, Real Estate maven and contributor for the Today show and CNN.  I went back and now am eagerly awaiting my copy of the book Nextvillewhich is a boomers guide to finding the best places to retire.  I am curious to find out if Savannah made the list or at least received honorable mention since only a few months back Barbara extolled the virtues of our Tybee Island beach community as a great place to retire.

In her Today show interview she mentions the five things you should look for when evaluating a place to purchase for retirement, I will evaluate how Savannah stacks up:

  • Check out the local job market
  • Look for a charming downtown
  • Buy in a town that has a stock of older homes
  • Count the “for sale” signs

The Local Job Market

Savannah is booming with economic growth.  Gulfstream Aerospace continues to expand as an insatiable appetite for the newest G650 aircraft keeps producing new jobs.  VeriSign has created the gold standard for internet security.  JCB keeps building and selling heavy construction equipment. Our port is ever expanding and now talks of a new, larger cooperative port on the South Carolina side of the Savannah River makes the horizon golden.  All of this and the Savannah College of Art & Design and Savannah has an outstanding local job market.

Look For A Charming Downtown

Courtesy SCAD

Enough said.

Buy In A Town That Has A Stock Of Older Homes

Begun in 1733, the first city of georgia and the original 13th colony has many histroic structures including many 1820’s federal style brick townhomes and then a fine representation of Queen Anne and Italinate styles from the 1850’s as well as a plethora of victorian style homes.  And that is just one of the city’s nine (and counting) registered historic districts.

Count The “For Sale” Signs

Okay, here is where we may be not the ideal retirement home purchase city, but I have personally taken down three signs this week and if more signs like the one below would go up, Savannah should be at the top of any retirement homebuyers list.

SOLD 514 East 45th Street