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Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.

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January 2009

• Jan. 30, 2009 - What goes up must come down?

Even though this last year in real estate has had a sobering effect on many REALTORS® and our country as well, we can assert a few things.
 
Cycles are a natural course for the economy. Perhaps this recession has been more severe than some, but ups and downs are a normal part of life.
 
Perhaps many Americans needed some return to staying on a budget and “living within their means” and evaluating more carefully before we spend.   A return to minimizing debt and saving more is not a bad thing.
 
Real estate, even factoring in some reduction of property values in some areas, still remains for most individuals the most significant asset in their portfolio. I firmly maintain that a real estate investment is a tangible and usually safe way to grow your money for future years.
 

I hope that the months ahead will reflect an upswing and we can all get on with life and business as usual, albeit a more cautious approach to our financial well-being.
 
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• Jan. 23, 2009 - Here's the Scoop on Real Estate in Glynn County, GA

Hello Friends:

Here we are in a brand new Year with high hopes for our Nation, our personal and business successes and for a better economy. I recently reviewed the 4th Quarter 2008 statistics available from our local MLS system and wanted to share this information.
Please note that certainly all real estate transactions in Glynn County, GA are not in our system, but the information can be a good indicator of what the trends are in our local market.
 
The Brunswick Mainland areas came in at an average list price of $166,391 at 4th Quarter end, and at 3rd Quarter 2008 the figure was $166,983. The average sold transaction figures were $154,869/4th quarter and $160,562 at 3rd Quarter’s end. Therefore the sold properties for 4th Quarter brought 93% of the asking price compared to 96% ask to list for the 3rd Quarter. Also interesting and very significant is the change in number of sold transactions for Year 2008 from 2007 Year’s End: 2008’s total number of Brunswick Mainland transactions was 584 compared to 910 sold transactions for the same areas in 2007.
 
For St. Simons Island, the average list price for 4th Quarter 2008 was $509,094 and 3rd Quarter end was $485,865. The average sales price for St. Simons for 4th Quarter was $465,565 compared to $456,181 at 3rd Quarter end. The sold price compared to list price percentage for 4th quarter end was 91% and 93% of list price for the solds in 3rd Quarter for St. Simons. In Year 2008 there were 225 sold transactions recorded compared to 401 in Year 2007. 
 
I will note I have not included Jekyll Island nor Sea Island in these sales comparisons as they are both very atypical areas---Jekyll Island being a GA State Park and Sea Island does not typically include their sales in our MLS system but mainly markets their own. I would be happy to answer any questions or provide data if anyone would be interested in inquiring about a property or values on either Jekyll Island or Sea Island but they are not factored in the above information.
 
I, as a REALTOR® and broker on St. Simons Island, am very hopeful that our market will begin to turn upwards in the Spring and Summer. But regardless, I am in for the long haul and will continue to market this phenomenal and magical area of the World as I believe it a very special place and one that I enjoy sharing! 
 
Best Wishes for a Great 2009!
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• Jan. 9, 2009 - Glynn County, GA can boast of having the 2nd oldest person in the World!

I keep telling you folks that Glynn County and the Golden Isles of GA is a great place to live and now I have additional “proof.” Our local newspaper recently featured a Brunswick resident who holds the record as the second oldest person in the world. Beatrice Farve of Brunswick celebrated her 113th birthday on January 2nd and the #1 record holder is another woman named Gertrude Baines, age 115, who resides in Los Angeles.   There is an incredible parallel between these two ladies---both are actually Georgia natives! Perhaps our wonderful weather is a key factor to long life---we are enjoying a beautiful 69° currently (1/9/09) and had high 70’s over the past weekend.

 
If this isn’t additional evidence that Georgia is a special place, I don’t know what is! Make your plan to come check us out and be sure to look me up in the Village area of historic St. Simons Island. 

 

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• Jan. 7, 2009 - FREE Service provided by Google

Google has a great new service that I use frequently on my cell and even when I am on a land line. You can dial 1-800/GOOG-411 and simply SAY what you are looking for and then GOOG-411 will connect you with the business without any fees or charges (only the air time your cell phone provider charges for minutes will apply). No computer or Internet connection or keypad is required as it is voice activated!  If you are calling from a mobile device, the system can even send you a text message with more details and a map! Simply say “text message” or “map it.” 

Certainly this service is invaluable if you are traveling, but I even use it at home rather than looking up a number. You can even request something like “car wash on Demere Road, St. Simons Island, GA, if you don’t remember the business name and it will provide you the businesses that fit your request and then connect you when you determine which one you want. Save the number on your cell and voice calling couldn’t be easier!
 
FREE is always a good thing, particularly when it is such a useful tool.  Try it out and I 'll wager you'll be using this service often.
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• Jan. 2, 2009 - What will the New Year bring?

I obviously have a vested interest in the real estate market making an upturn, and I also predict that we will see an increase in sales in the coming months. Weary buyers who have been cruising through new homes coming on the market and even on occasion making low ball offers must be getting saddle sores from all that looking! There also comes a time, when people recognize there are some wonderful buys available, good rates to obtain and some absolutely flawless homes to be had. I cannot foresee this phenomenal buyers market getting much better or lasting too much longer. With somewhat declining property values even the property taxes have come down for that new dream home you’ve been eyeing.   Frustrated sellers are even offering perks such as paying closing costs, throwing in Home Assn. Dues and even in some cases taking some self-financing. 

 In a nutshell to Buyers -  in the famous words of Nike – Just Do It!
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