POOLER GEORGIA | WEST CHATHAM | 31322
October 2012 REAL ESTATE MARKET REPORT
Information source Savannah Board of Realtors® MLS (SBOR)
|
September |
|
|
New Active Listings |
53 |
|
Listing Dollar Volume |
$11,970,409 |
|
Average List Price |
$225,857 |
|
Median List Price |
$189,900 |
|
SOLD |
September |
|
Listings Sold |
2 |
|
Sold Dollar Volume |
$413,695 |
|
Average Sold Price |
$206,848 |
|
Median Sold Price |
$206,848 |
|
Average DOM |
15 |
ONLY RECORDED DATA IN THE MLS (multiple listing service)
IS INCLUDED IN INFORMATION ABOVE
*DOM = Days on Market
One of the homes sold in September was a REO (government owned) listing. The other sale was New Construction in Amberly at Forest Lakes built by Landmark 24.
WEST CHATHAM - CURRENT CONDITIONS AS OF
October 28, 2012
Active Listings: 478
Pending Listings (under contract or contingent): 171
40 of the homes currently on the market for sale is being sold as a Foreclosure - REO, bank owned, government owned or as a short sale. In the SBOR (Savannah Board of Realtors) MLS the seller is listed as an institution.
165 of the homes listed for sale in September are new construction homes. The unfinished neighborhoods in Pooler are finally seeing the empty lots get mowed, cleaned up and prepared for construction of a new home. This is good news for many homeowners that purchased new construction during the housing boom. The sooner the neighborhoods get completed, the sooner the neighborhoods can start to appreciate in value.
At this time, it may be hard to compete with new construction homes sales price when you compare price per square feet. Keep in mind that the original builder/developer had overhead costs to cover, such as, land purchase, clearing the land, permits, roads, street lights and the list goes on. The new builder most likely purchased these foreclosed lots penny on the dollar and have very little upfront dollars invested in the neighborhood. Less upfront cost allows the new builder’s to aggressively price the new construction homes, resulting in a lesser sales price than compared to the original home buyers of the community.
Here is a list of some of the new construction communities around West Chatham:
· Harmony Townes, Spring Lake advertised by Landmark 24 Realty
· Lakes Shore marketed by Weichert Realtors & Carole Paul Realty
· The Battery at Rice Creek brokered by Landmark 24 Realty
· Braxton Manor & Amberly Estates built by Fred Williams
· Hamilton Grove at Savannah Quarters
· Parkside at Rice Hope broker Keller Williams Realty
· Hunt Club built by Beazer Homes
· Willow Point, Harmony advertised by Landmark24
· Morgan Pines & Carriage Square by Konter Homes
· Somersby by Mungo Homes
· Teal Lake by Lamar Smith Signature Real Estate
· Brighton Woods brokered by Sunrise Realty
· Highland Falls by Mungo Homes Realty
· Rice Creek built and marketed by Fred Williams
(These new construction communities are not brokered for sale by !Daley Real Estate)
The housing market in the Pooler area is going through some rapid changes. As new businesses bring their interest to the Pooler Parkway, Gulfstream continues to hire new employees and the Mitsubishi Mega Plant continues to expand, West Chatham and the Pooler area could see the numbers shift to a more stable market for homeowners.
"Statistics not compiled or published by SBOR MLS."
Equal Opportunity Housing
All information deemed reliable, but not guaranteed
Savannah 31419 | Pooler 31322 | Richmond Hill 31324 | Hinesville 31313 | Rincon 31326
Chatham County | Bryan County | Effingham County
Coastal Georgia Real Estate and Rental Homes
Proudly Serving : Fort Stewart and Hunter Army Airfield (HAAF)
Michelle M Tucker | !Daley Real Estate | GA Real Estate License 297541
COPYRIGHT© 2012 All Rights Reserved – Michelle M Tucker
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