Market Update : Ardsley Park and Historic Savannah

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

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