? Archives
April 2008
• Apr. 23, 2008 - Are Real Estate Prices to Continue to Drop?
So many individuals are still on the proverbial fence waiting for the “bottom of the bottom” for prices on property. I don’t believe anyone can say with a certainty when we have hit the bottom for price reductions. When comparing the average residential list price for the 4th quarter of 2007 to the 1st quarter of 2008, the average list was approximately 12% less. The average sold price at 4th quarter was 94.2% of the asking price versus the 1st quarter 2008 average sold price of 93.9% for that period’s closed transactions in our local MLS system.
Then in the lots and land category, the picture is frankly a bit dismal. But then again with such a surplus of inventory, most builders and developers are putting a stay on starting new projects of spec homes.
For buyers or speculators who have good credit and have the needed minimum 20% down payment, I still maintain that TODAY is a fine time to get an excellent buy in this market. If you are in that category, jump in and avail yourselves of some wonderful deals on very nice properties. |
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• Apr. 2, 2008 - Old Town Brunswick is listed on the National Register of Historic Places
Old Town Brunswick, Georgia is listed on the National Register of Historic Places. Three public structures are noteworthy and featured below, however numerous individual homes are included in the Downtown driving tour and make for an interesting day trip. Driving tour books, published by the Old Town Brunswick Preservation Association, are available for purchase at many locations in Historic Downtown. I have also featured a third area natural attraction, Lover’s Oak. Spring is a wonderful time of year to visit and enjoy the abundance of flowers and the inherent beauty of our area. Come visit our historic downtown area and enjoy a glimpse of the past.
After the Hurricane of 1896 severely damaged the Brunswick, GA courthouse, this Neoclassical Revival style structure was finished in 1907 as a replacement. Many locals and visitors alike have chosen these beautiful grounds as a backdrop for their wedding.
Brunswick’s Old City Hall was originally built at a cost of $33,000 in 1889 by an architectural design by Alfred Eichberg in the Romanesque style which was the style of choice for many public buildings built in the US in that era. The building was fully restored in 2004 and is enjoying much popularity for group gatherings ranging from reunions to receptions. Where else in town can you have gargoyles greet your guests as they arrive?
The Ritz Theater was built in 1898 as home to the Grand Opera House. Initially, the Grand Opera House, a three-story Victorian building featured ornate brick and stone work. Later it served as a theater for vaudeville acts.
In the 1930’s when motion pictures became popular, it was converted into a movie theater and became the Ritz Theater.
In 1980, the City of Brunswick purchased the Ritz and the structure was modernized, however, the Ritz sign has been left intact. Since 1989, under the management of the Golden Isles Arts and Humanities Assn., live performances once again grace the stage. Plans are for further restoration to offer space for artists’ studios and classes on the 2nd and 3rd floors.
The Brunswick area is also known for an abundance of glorious live oak trees. Brunswick has a famous live oak named Lover’s Oak located at the intersection of Albany and Prince Streets in Old Town Brunswick. It is approximately 900 years old and known as a site where Indian lovers would meet under this magnificent tree by moonlight, according to legend. The tree trunk is 13 feet in diameter 3 feet from the ground, at which point it branches into 10 limbs, each measuring 12-30 inches in diameter. A plaque at the foot of the tree reads:
1787-1987. The National Arborist Association and The International Society of Arboriculture jointly recognize this significant tree in this bicentennial year as having lived here at the time of the signing of our constitution.
If you are interested in obtaining additional information on Historic Brunswick or the surrounding Islands which make up the Golden Isles of GA, please give me a call at 877/826-9734 or send me an email. I would certainly love to share the Beachcomber Lifestyle!
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