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

St. Simons Island, Georgia

Read our thoughts on real estate. As local REALTORS® and real estate investors, we believe there are many reasons to invest in real estate and in your lifestyle! Buyers and Sellers are encouraged to post any questions they may have on CMA's, home inspections, contracts, etc. We're here to help!

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RE: Movie Night Under the Stars on St. Simons Island
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RE: Movie Night Under the Stars on St. Simons Island
I don't know why Grease was canceled, nor do...
RE: Movie Night Under the Stars on St. Simons Island
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RE: Movie Night Under the Stars on St. Simons Island
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Real Estate Blog for the Golden Isles of GA including St. Simons Island, Jekyll Island, Sea Island, and Brunswick, GA.

Statistics for end of 1st Quarter 2009 in Glynn County

Apr. 13, 2009
Categorized in: Local Market Conditions

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

 
1st Quarter 2009                                 4th Quarter 2008                     1st Quarter 2008
# of sales – 129                                    # of sales – 216                        # of sales – 154
Avg. List - $244,751                            Avg. List - $355,212                Avg. List - $389,496
Avg. Sold- $222,903                           Avg. Sold -$327,318               Avg. Sold -$357,300
Avg. % to List – 91.0%                        Avg. % to List – 92.1%            Avg. % to List – 91.7%
 
For the 1st quarter 2009, the Glynn County area with the most transactions closed was North Glynn County with 38 closed sales and an average sold price of $194,885 for that area. The St. Simons area with the most transactions was the South end with 12 closed and an average sold price of $331,741. 
 
For the 4th quarter 2008, the most sold transactions were found again in North Glynn with 50 sales and an average sold price of $191,466. The St. Simons South end also had the most Island transactions number of 13 sales averaging $592,900. 
 
At the end 1st quarter 2008, North Glynn had the County’s most transactions at 60 sold with and average sold price of $197,411. The South end of St. Simons had 26 sales recorded with an average closed price of $748,519 for that area of the Island.
 
To compare the amount of inventory from 2008 to 2009 for residential Glynn County, at the end of 1st quarter 2008, there were approx. 1762 properties on the market for sale. At the end of 1st quarter 2009, we had 1919 properties for sale on the Mainland and the Islands. These figures should echo what every realtor breathing has been saying, “We are in a Buyer’s Market with great inventory to choose from and better prices.” 
 
Add to generous inventory and great prices, there is the 1st time homebuyer’s credit available that doesn’t have to be repaid as long as you stay in the home at least 3 years.   If you are interested in more detailed information on any particular Glynn County area, please let me know and I will gladly provide. I hope if you have wanted to purchase a home or make a change in your current living arrangements, you will give Beachcomber an opportunity to assist you!

What will the New Year bring?

Jan. 2, 2009
Categorized in: Buyers' Information
Tagged with: buyers market

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!

Happy 4th of July!

Jun. 30, 2007
Categorized in: Investing in Real Estate
Tagged with: buyers market, summer

 

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!