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

St. Simons Island, Georgia

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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

Tagged with: buyers market, glynn county, sales, statistics

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.

1^st Quarter 2009 4^th Quarter 2008 1^st 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 1^st 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 4^th 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 1^st 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 1^st quarter 2008, there were approx. 1762 properties on the market for sale. At the end of 1^st 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 1^st 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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Real Estate is Local

Nov. 10, 2008

Categorized in: Local Market Conditions

Tagged with: comparisons, southeast ga, statistics

We hear regularly from the news media the state of the real estate market nationally and perhaps about a given region, but if you are here in Southeast Coastal GA, your interest is exclusively right here unless you are entertaining a move or purchase of a 2^nd home or property elsewhere. I believe buyers and sellers are sick and tired of the commonplace answer “Well, the Market is a little slow” or “Properties aren’t moving as quickly right now.” Instead of vague statements they really want definite statistics and information, even if those statistics aren’t heartening, we all want real figures and specific info.

To compare statistics for mid October 2007 to mid October 2008, I found the following:

On St. Simons Island, in the residential sector of our MLS system, in 2007 there were 850 active listings compared to same timeframe 2008 of 900 listings. On the mainland Brunswick and Jekyll Island there were 854 properties being marketed on our MLS in 2007 and 996 in 2008. With increased inventory on the market, competition is fierce and pricing competitively is key.

On St. Simons Island, the average list for the 3^rd Qtr. was $637,166 for 2007 compared to a 3^rd Qtr. average of $515,890 for 2008. Lets compare the average sold numbers for 3^rd Qtr. for St. Simons Island: In 2007 the average was $604,477 (94.8% of list) and for 2008 the average sold was $476,860 (92.4%)

The Brunswick Mainland and Jekyll figures were an average list for the 3^rd Qtr. of $252,246 for 2007 compared to an average list 2008 of $223,816. To compare the sold transactions for the 3^rd quarter for both years: 2007 / $243,770 which was 96.6% of the list price. 2008 / $214,751 which was 95.9% of the asking price.

To compare market trends October 2007 and 2008, I found the following:

In 2007, the price range that experienced the most transactions was the $140,000 - $159,999 price range. For 2008, the price range of $120,000 - $139,999 had a small proportion over the $140,000-$159,000 range. Condo sales were down for the month of October 2008 with 24 condo sales in 2007 and only 9 in October 2008.

Once more, I maintain that NOW is a great time for buyers to jump into the pool. For sellers, even though they may not sell their property for the price they would have received a year or 2 ago; neither will they pay as much for another property that better suits their needs today.

If you would be interested in receiving more information or discussing your specific situation, please give me a call!

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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 1^st 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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The Brunswick Mainland is Popping!

Jul. 5, 2007

Tagged with: brunswick, ga, statistics

The Brunswick Mainland is also growing at a frenetic rate!

!Over the last several years, developers have been buying up previously undeveloped parcels in Brunswick & new developments are springing up like the dollar weeds in my front lawn! One of the most active areas is in the vicinity of Hwy. 99 & the Golden Isles Parkway of North Glynn County. In review of the 2^nd Qtr. Statistics in our local MLS system, the N. Glynn area (known as G-2) far & away beat out other areas of the county. In addition to greater volume of transactions, the closed prices obtained were 98.7% of the listed asking price! One factor in the growth may perhaps be attributed to the new elementary & middle schools under construction in the Sterling area. In addition to that much desirable Island address, Brunswick is also becoming a DESTINATION as well

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3rd Quarter Real Estate Statistics are In!

Oct. 18, 2006

Categorized in: Local Market Conditions

Tagged with: market conditions, statistics

Statistics are in for the 3rd quarter... not bad! Despite all of the negative press, our numbers are staying steady. Here is a graph with the quarterly MLS single family home sales price averages for the areas in Glynn County. Look below the graphs for the area indicators.

The Average Days on Market have not varied much, although there is a slight increase in total DOM's.

B1 - Downtown Brunswick; G! - Central Glynn County; G2 - North Glynn County; G3 - West Glynn County; JI - Jekyll Island; S1- South-end SSI; S2 - Mid-south SSI; S3 - Mid-north SSI; S4 - North-end of SSI

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