Good News for Buyers
What does all of this new construction mean for buyers? It's the classic Adam Smithian scenario: high supply equals lower prices and more choices. With interest rates still at historic lows and a wide range of units on the market, buyers have their pick: a loft-style studio with modern finishes? Check. A two-bedroom flat in a converted Victorian clapboard home? You got it. A luxury three-bedroom duplex with views overlooking the city or marsh? Absolutely. As Liz Giddens, a top-producing agent at Keller Williams Realty-Savannah Downtown explains, "With so much variety in the condo market, there's no reason not to buy. Downtown Savannah offers everything from ultra-modern units on Broughton Street to condos in restored rowhouses on Jones Street, even LEED-certified green design units in the new Frogtown development off of MLK Blvd. If you've been thinking about purchasing a condo, with interest rates still low, now is the time!"
Liz Giddens also has a success story to tell about SavannahLoftsandCondos.com:
"A cash investor called about one of my listings he saw on the website, and we were able to close on the property in two weeks. I call that a great bang for my marketing bucks!"

