Monthly Archives: January 2017

Location, Location, Location

Judge Realty in Savannah GeorgiaPhotography: Parker Stewart

With the great online success of local retailers like Prospector Co. and LoveLane, the question can be raised, “Does location still matter?”

Yes. Yes it does.

Everything seems to be moving into the mobile e-commerce arena, from interior design apps to money management via text message; however, consumers, especially in a tourist driven economy, still value a personal connection and tangible shopping experience. www.internetretailer.com states that mobile commerce accounts for 30% of all e-commerce in 2015, almost a 5% increse from 2014. Yes, mobile commerce and e-commerce can sustain your business and cover most if not all of your overhead, but our community is structured a little differently than most.

The Savannah area Chamber of Commerce says the tourism sector saw an increase of 9.2%, approximately $2.5 billion, in 2014 with a staggering 7.6 million overnight visitors. Unless seeking a specific destination, most tourists won’t venture too far from the area where they’re staying and come to Savannah to find our many hidden gems.

Last May, we discussed the State of the Commercial Market and saw that vacancy rates are lower than ever- with statistics even suggesting that in 2 years the vacancy rate will be a negative number in the Landmark Historic District.

24 e’s Ruel Joyner was just named Georgia Retail Association’s Retailer of the Year. We’ve seen new boutiques like Alton Lane open with a completely new and innovative business model and customer experience, and Service Brewing is quickly becoming a regional favorite with national recognition. Their tasting room is key to their presence and success. The market for completely personalized experiences will never go away, regardless of the global changes in retail trends.

It’s great to see so many shops and restaurants opening; it’s good for my business, theirs, tourism, everyone really. But prices are about to drastically change- it’s becoming harder and harder to find the right space for clients because the inventory is going so fast. I think in our city, where tourism is king, brick and mortars are still the way to go.

Lori Judge
Founder and CEO

Featured Property: 118 East 64th Street

Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia Judge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, GeorgiaJudge Realty in Savannah, Georgia

Photography: Parker Stewart

118 East 64th Street
$290,000
3 Bedrooms/ 2 Bathrooms
1,844 Square feet
0.26 Acres
Jason Nielubowicz

This fabulous Mid-Century home in Midtown has spacious living spaces and a formal dining room with an adjacent sunroom. The large, fully-equipped kitchen has original cabinets with the original, amazing porcelain sink. With three bedrooms and two baths, this lovely home has plenty of room inside and out. The fenced-in back yard is large, well maintained and landscaped, and has a greenhouse just off the spacious deck. Centrally located near Habersham Village, you can walk to shops and restaurants just down the road.

For more information or to schedule a viewing, call Jason Nielubowicz today at 912.659.2020 or stop by Judge Realty at 347 Abercorn Street today!

2016 Top Producers

Judge Realty proudly announces the two top producers, bringing in more than $20M combined sales and leases for 2016. From the residential department, Kim Iocovozzi’s sales exceeded $8M and from Judge Commercial, Michael Hardy exceeded $12M. Iocovozzi, a Savannah native, specializes in multi-family, estate lots, and marshfront subdivisions. Hardy, originally from Georgia, focuses on representing clients on investment acquisitions of land and income generating properties.Kim Iocovozzi, 2016 Top Producers for Judge Realty

Iocovozzi found great success in the area west of Savannah, especially in the Bradley Point Estates area on Whitemarsh Island. Last year he sold The Clark Tract on Brian Wood Road to Pulte Homes who plan to develop 38 high quality homes in the $500,000 price range on the land. In addition to the land, he also sold 226 Commodore Drive, 1 Brigantine Court, and 125 Schooner Drive in the highly sought after Commodore Point neighborhood near the Savannah Yacht Club generating nearly $2M in sales. Hardy brokered the sale or lease of over 80,000 sf across Savannah and the surrounding areas leading Judge Commercial to another successful year.Michael Hardy, 2016 Top Producers for Judge Realty

As a whole, the market across Savannah, was up in number of sale from 2015 to 2016 with June bringing the lowest average number of days on market in at least the past 5 years. The median sale price rose beyond what it’s historically been and the median list price rose beyond what it’s been in the past 10 years. Judge Realty thanks our top producers who are both looking forward to seeing continued success in 2017 with the rest of the team, and as always, we thank the community for its continued support.

Stop by Judge Realty or call the front desk to schedule an appointment with either Kim or Michael today.

Cleanse

I won’t lie, 2016 brought us some dark days: be it the never ending list of celebrities and artists who were claimed by, what’s now being referred to as, “The Dumpster Fire,” or the loss of beloved locals who were taken before their time. There were sociopolitical upsets and victories at every turn, protests and campaigns, a hurricane, and even a Zoolander sequel. However, we’ve made it; we’re on the other side, standing at the great precipice choosing to look forward with an ever hopeful eye on the new year. And amidst all of the chaos we leave behind, there is good news, a silver lining for which we’ve got the playbook.

First: Assess. We’re extremely grateful at Judge Realty that we’ve weathered the storm in more ways than one. After an almost full recovery from Hurricane Matthew, we suggest taking a walk through our gorgeous tree-lined streets to re-fuel the fires of local love. Grab a beverage and take stock of what makes you happy, what you’re thankful to be bringing into the new year.Cleanse | Judge Realty | Savannah, GAPhoto: Jon Waits

Cleanse | Judge Realty | Savannah, GA

Photo: Wayne MoorsCleanse | Judge Realty | Savannah, GA

Photo: Dylan Wilson

Second: Sage. It’s alright to gleefully bound into 2017 with abandon; however, don’t forget to cleanse the energy and allow yourself to take time to fully regather and refocus before proceeding to the exit. “I sage the office about once a month, but definitely at major turning points like a new year. It’s nice to kind of refresh the space and get a new vibe going, it definitely changes the energy,” said Judge founder and CEO, Lori Judge. “Swing by Paris Market and grab a fresh bundle, walk through your home and office, let your environment heal too.”Cleanse | Judge Realty | Savannah, GAPhoto: Juwan Platt

Third: Get it right. Rarely does a single person, let alone a company or society as a whole get a chance to hit refresh- but this is it- our annual get out of jail free card. Remind yourself why you started, why you’re here, and where you want to go. Whether you’re saving for a first home, gearing up to start a business, or looking for a spot to retire- refocus a system that needs help or realize you’re right on track. Take the stairs, park far away, have one less drink, have one more drink. Now is the chance to restart and do it right.

We had some great moments this last year, we spent most of it surrounded by the people we choose to call family, we saw great strides in Savannah’s growth and success, and we saw how strong our community can be when faced with tough obstacles. We felt the community come together to support public art with our third annual public art project, Intersection by Will Penny; we hosted an amazing open house/ fashion show with designer Troy Allen; and we saw sales rise across the board thanks to our top producers Kim Iocovozzi, Michael Hardy, and everyone hard at work on the Judge team. Just because there were a few fires, don’t look back at 2016 as a dumpster. Move forward knowing that you can make it through some rough spots and take a breath, it’s a new year.

Heath Daniel
Creative Director