Here we are at the end of our 1^st quarter 2009 and I want to compare the statistics available in our local MLS system for this quarter to both the 4^th quarter 2008 as well as to the statistical data for the 1^st quarter end of 2008. The statistics below reflect residential sales in Glynn County and do not include land/lots transactions and commercial sales.

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!

Welcome to summer in Southeast Georgia!  I know a lot of people complain about the heat, but I LOVE it!  After working for 6 years in NYC, I will NEVER complain about the heat again.  When working in NY, I would fly home, and as soon as I got off of the airplane, I would just stand outside with my arms extended trying to get my bones warm.  That was one of the best things about coming home.  Now it's the week of July 4th, arguably the busiest and one of the hottest week of the year, and I'm loving it! 

Real estate has slowed resulting in a great buyer's market for St. Simons.  How many times have you heard that???  What an opportunity!  The last time the market was like this (right after 9/11) , homes in the St. Simons Island Club were listed beginning in the low $400K's.  Now the least expensive home in that neighborhood is listed for $675K.  I imagine that the buyers who bought in that "down" market are happy for their foresight.  Remember, when opportunity knocks, you need open the door!