Thursday, May 30, 2013

Richmond Hill Georgia Real Estate

Richmond Hill GA Real Estate


Selling homes in a small coastal town has its advantages and disadvantages. Richmond Hill, GA, is a town of approximately 18,000 people and it is located just a few miles south of Savannah, GA. It is a bedroom community between Ft. Stewart, GA and Hunter Army Airfield in Savannah, GA. One of the big advantages of selling in such a city is that the town is small enough that you will see and recognize people at local restaurants and stores. Often I see couples that I have sold their home or families that have bought a home from me around town.

One of the disadvantages of selling in a small, coastal town like Richmond Hill, GA is that the number of homes on the market at any given time is pretty small. From time to time we have 400-500 active homes on the market in our town. There are neighborhoods in Atlanta or other neighborhoods in major cities that have more homes on the market than Richmond Hill, GA. So when a young buyer comes in to town we typically have only around 15-25 homes in their price range to look at.

Ft. Stewart is a large military installation that feeds us a constant variety of wonderful military professionals of all ages, occupations and backgrounds. The average price of a home in our city is $200,000 and the average age of a home in our city is right at 10 years since it was built. Many times a buyer will come to town and say I want an older home with a little bit of character. Their definition of older might be something built in the 1800’s and for me it’s a 1995 home in a planned unit development. We do have older homes that were built in the ‘70’s and ‘80’s, and a few older than that. For the most part, 80% of our population and growth has occurred over the past 20 years and has been new construction homes in planned communities.

When I was a teenager, I remember Richmond Hill had a population under 2,000 people. So in the last 25 years you can see the major growth of this community. Richmond Hill does not have industry to speak of but we do have many residents that work at Gulfstream Areospace in Savannah, JCB, Great Dane Industries, and several other large manufacturers in Savannah and surrounding areas. I don’t think I would change anything about selling homes in such a small town. I have to realize that sometimes being a big fish in a small pond is the best way to go.

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