savannah real estate? (for sale, jobs, houses)

[gamecock43]

I visited Savannah last December and saw a huge amount of both 'for sale' signs as well as rehab construction in the downtown historic savannah properties. Now I am interested in buying a historic property in the historic or victorian district but I live out of state. I know that monitoring online listings only paints a partial picture of the real estate market. From a personal perspective, how is the market doing? Was there alot of flippers that moved in and have had trouble selling their flips? Was there at one point, a large amount of flippers in the area who have created up and coming neighborhoods? Has anyone heard of forclosures in the historic properties and is there a large following of people trying to get into the historic properties? I live in florida now, and although there are alot of 'for sale' signs everywhere, it seems that people looking to buy are really searching for new construction homes in homeowners communities that go into forclosure. Those are somewhat 'hot' houses right now. So I am wondering what 'hot' properties in Savannah are now, and if the historical properties in the victorian or historical district have a large following of people eager to buy.
I dont have nearly the money to get into anything near west jones street, but I plan to spend in the 200k range for a 2bd/2ba historical property that needs updating as close to the parks as I can afford.
I have heard 35-39th streets are areas to avoid, and that seems to be a large area for victorian houses in my price range, so I am wondering if that advice is off base. Houses with listing prices of 200k seems like they should be in areas where the residents have jobs and make decent money.
So I guess Im asking, what kind of market is going on in Savannah? I am guessing its slow, but what kind of trend is going on? Thanks in advance!

[ellie]

Originally Posted by gamecock43

Was there alot of flippers that moved in and have had trouble selling their flips?

Yes.

Was there at one point, a large amount of flippers in the area who have created up and coming neighborhoods?

Sort of but it wasn't entirely successful.


Has anyone heard of forclosures in the historic properties

There have been a few.

and is there a large following of people trying to get into the historic properties?

Not really.


So I am wondering what 'hot' properties in Savannah are now,

So is everyone else.

and if the historical properties in the victorian or historical district have a large following of people eager to buy.

Not anymore.

I dont have nearly the money to get into anything near west jones street, but I plan to spend in the 200k range for a 2bd/2ba historical property that needs updating as close to the parks as I can afford.

I'd wait.

I have heard 35-39th streets are areas to avoid, and that seems to be a large area for victorian houses in my price range, so I am wondering if that advice is off base.

Certain areas are not so bad.


Houses with listing prices of 200k seems like they should be in areas where the residents have jobs and make decent money.

Some are still overpriced and in bad areas.

So I guess Im asking, what kind of market is going on in Savannah? I am guessing its slow, but what kind of trend is going on? Thanks in advance!

Wait for awhile. Get to know the area before you do anything.