By Janice Hoffman, Broker-in-charge & Sales Executive of Savannah Quarters Realty
While more work needs to be done to restore economic security for families nationwide, a look at the recent data on the housing market shows continued improvements that are welcome news given the challenges experienced by homeowners during the recession.
According to the U.S. Commerce Department’s Economics and Statistics Administration, for year-to-date 2012, total construction increased 8.7 percent, and private residential construction rose 8.6 percent. Single family construction jumped 12.3 percent, and multi-family construction has climbed 39.7 percent.
Recently Opened in Pooler- the DQ Grill and Chill on Pooler Parkway. Image courtesy of Pooler Chamber of Commerce and Visitors Bureau, Inc.
Positive trends in the sector go beyond permits, starts, and construction. Historically low mortgage interest rates, and lower home prices, have now made housing more affordable than ever. These factors, along with upward trends in sales, have made builders more optimistic about the future.
In Chatham County, the median sales price for homes has increased and is 1.6% higher compared to last year. Residential building permits have increased overall in Chatham County 1%.
As of 2012, Pooler has a population of 21,066. Since 2000, Pooler has experienced growth of 177.04 percent. Home appreciation, in Pooler, in the past year, has been 3.89%. Compared to the rest of the country, Pooler’s cost of living is 0.80%, which is lower than the U.S. average.
Recently Opened in Pooler- the GEORGIA HERITAGE FEDERAL CREDIT UNION on Pooler Parkway. Image courtesy of Pooler Chamber of Commerce and Visitors Bureau, Inc.
Pooler has experienced incredible growth along the Pooler Parkway in the past few years. The newest addition is the Publix Grocery Store. There are several restaurants, a real estate office, and numerous retail shops in this commercial complex, with continued expansions. Dairy Queen has just opened, and a Mellow Mushroom, which is currently under construction, is, slated to open soon.
Pooler has also experienced the addition of two cinema complexes, a video arcade/theme park, and numerous restaurants, hair salons, dress shops, doctor’s offices, and residential developments just off the Pooler Parkway.
With all this in mind, Savannah Quarters has the distinct privilege of being located just off of I-16 and the Pooler Parkway. We have different precincts offering something for everyone, from single family homes and maintenance-free townhomes, with price points starting in the $150’s to over $2 million, and home sites with price points starting in the $50’s. We are 10 minutes from downtown Savannah and only 10 minutes from the airport.
Pooler is convenient to downtown Savannah, both I-16 and I-95, the malls and hospitals, and Tybee Island, Georgia’s beach. There are new schools that have opened in West Chatham in recent years, with the newest addition that opened this fall, the New Hampstead High School that provides more than 175,000 square feet of space for students and faculty, and features 46 classrooms.
Chatham County has the distinction of being home to major employers like Gulfstream Aerospace, JCB Manufacturing, Mitsubishi, the Georgia Ports Authority, logistics firms and warehousing facilities like IKEA, Target, Wal-Mart and Home Depot and service providing companies.
There is an old saying in real estate, location, location, location! The alluring charm of living in a coastal region and experiencing the rich history of the City of Savannah and surrounding areas, and participating in a variety of cultural events, art exhibitions, and sporting events, makes Savannah, and the surrounding area, very attractive to families.
Real estate is regional! Don’t believe everything you read or hear on TV. We are definitely making a come back in Savannah and surrounding areas! Pooler is a wonderful example of continued growth!