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

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

Good News goes down so much better even without a spoonful of sugar!
Jul. 27, 2009
Categorized in: Investing in Real Estate
Tagged with: housing market, sales

With the National Association of Realtors® report last week showing a third consecutive month of increasing home sales in all regions of the country everyone cheered, including Wall Street! The report along with new construction starts has been used to forecast hopes that the housing slump may be reaching an end. 

The breakdown of existing home gains by area reported were: Midwest up 0.9%, Northeast up 2.5% and South up 4.0% and West up by 6.4%. The national median existing home price for all types was $181,800 in June, which is below June 2008 by 15.4%. Distressed properties continue to negatively impact the median price as they customarily sell at a lower price than conventional home sales. Total housing inventory at the end of June fell 0.7%, and if the sales volume can continue to increase prices should begin to stabilize. 
 
As I continue to urge, if you are in the market for real estate go ahead and take advantage of good prices, good rates and still good inventory selection. If I may be of service, please call on me!
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Statistics for end of 1st Quarter 2009 in Glynn County
Apr. 13, 2009
Categorized in: Local Market Conditions
Tagged with: buyers market, glynn county, sales, statistics

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!
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Glynn County, GA Real Estate Statistics
Aug. 8, 2008
Categorized in: Local Market Conditions
Tagged with: brunswick, glynn county, jekyll, sales, st simons, statistics

I want to provide some information to show in the residential real estate category (that includes single family homes, duplexes and condos) the amount of inventory and the sales for year 2008. This information was obtained from our local Multiple Listing Service, so of course doesn’t include properties which are not in our MLS system.

 In Mainland Brunswick and Jekyll Island, we currently have 1028 listings on the market as of 8/6/08. On St. Simons Island, we have 834 listings on the market for sale. Since the beginning of the year, 294 listings were reported sold in Mainland Brunswick and Jekyll and 177 on St. Simons Island.  
 
Then there is the lot and land category . . .
To date, in the Brunswick/Jekyll Island areas, we have 508 properties for sale. On St. Simons, there are currently 308 properties being marketed on our MLS. The sold figures for lots since the 1st of the year in our MLS system are for the Mainland only 42 and on St. Simons Island only 11. These figures hurt a little to commit to paper and ink; however, they are what they are. Wow!  With numbers like this, seller’s need for a good real estate agent is more apparent than ever!
 
With that said this is a great time for buyers to take advantage of generous inventory to choose from and decreased pricing from a year ago for some very desirable properties. If you’d like to discuss real estate in our Glynn County area, I’d welcome the chance to do so. Give me a call or email me and let’s look into finding you a Golden Isles destination.
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