Have you been hearing about a real estate bubble?  Well, it turns out that the "bubble" is really a "rolling boom" according to Blanch Evans with Realty Times.  Here is an exerpt from her latest article:

"When homes get too pricey, homebuyers start looking elsewhere. At least, that's the theory behind what National Association of Realtors' chief economist David Lereah calls the "rolling boom." Housing booms create higher prices, and when homebuyers find housing too expensive, they start looking for the next, best alternative -- across the road, across the desert, or across the country."

They must  be coming here, because other than the usual seasonal slowdown, our market is doing well here.  During the past 30 days, there have been 28 single family homes closed on St. Simons.  They had an average asking price of $529,028, and an average sold price of $496,780.  That's just under 94% of sales to list price. 

But there are two other local areas that are even hotter.  West Glynn County had 24 closings; average asking price was $228,761; average sales price was $224,702 (98.2%!)  North Glynn County had 42 sales with the average price being $193,817 and the average sale price being $191,478 (98.9%!!!)  Talk about HOT!!!

I just heard that in Key West, there are over 1,000 listings, and only 47 under contract.  It's not like that here.  We have 845 single family residences on MLS, and 270 under contract.  This doesn't include any condos, mobile homes, lots, or commercial properties. 

With spring coming, this is the time to get property listed if you're considering selling.  The market is heating up, and with spring break just around the corner, the hotels are booking up!  One of the things I've noticed is the increase of people looking for 2nd/vacation homes on the Mainland.  With SSI price appreciation, many are now considering old town Brunswick.  And of course it will be interesting to see what Liberty Harbor and Parkwood Village do to change the landscape of downtown Brunswick!

If you have any real estate questions, I'd love to hear from you.   There are probably others who have the same questions... post them here, and I'll either answer or tell you where to find the answers!

I wish you best of luck with your real estate future.